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SungerFX

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Operating status: SCAM

Website: https://www.sungerfx.com/

Broker violations and abnormal records
  • Dec 12, 2021 BrokersView has reviewed that SungerFX is an unregulated forex broker

    SungerFX shows on its page that it specialized in forex, index, crude oil, precious metals, futures and other financial derivatives trading for global traders. To be able to offer forex trading service, a broker must get necessary license from financial regulator. Checking its official website, the fraud claims to have regulatory licenses from FCA, CySEC and ASIC. However, there is no regulatory information about SungerFX can be found when we searched with its name on these three regulators' website. That means investors' funds in this broker is unsafe and cannot be protected by any laws. All in all, these means the fraud provides traders with forex trading services but it lacks any kind of regulation. Therefore, it is a scam.

    SungerFX shows on its page that it specialized in forex, index, crude oil, precious metals, futures and other financial derivatives trading for global traders. To be able to offer forex trading service, a broker must get necessary license from financial regulator. Checking its official website, the fraud claims to have regulatory licenses from FCA, CySEC and ASIC. However, there is no regulatory information about SungerFX can be found when we searched with its name on these three regulators' website. That means investors' funds in this broker is unsafe and cannot be protected by any laws. All in all, these means the fraud provides traders with forex trading services but it lacks any kind of regulation. Therefore, it is a scam.
  • Aug 30, 2022 BrokersView has found that SungerFX is not working

    BrokersView found both domains "https://www.sungerfx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found both domains "https://www.sungerfx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
  • Sep 06, 2022 The Italy CONSOB Added Sunger into Its Warnings

    On 7 Sep 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Sunger is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-7-september-2022/718268


    On 7 Sep 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Sunger is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-7-september-2022/718268

Related Complaints

Q&A

Hi! Could you please help me find out if this broker offers services to US residents？

FranklinW
Costa Rica
Jan 03, 2022
ANSWER SungerFX is not legit and should be avoided at all events. SungerFX claims to have regulatory licenses from FCA, CySEC and ASIC. However, there is no regulatory information about SungerFX can be found when we searched with its name on these three regulators' website. So currently SungerFX is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend traders to stay away from unregulated brokers like SungerFX and trade with licensed brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.