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Introduction to SunTonFX Review:
With a rather weird slogan and even more weird name, SunTonFX claims to be the best broker in this world with thousands of customers from around the world. With a name this strange, the tagline of SunTonFX states that the company provides 100% safe isolation of funds. If you see carefully, the tagline can be interpreted in two different ways. The first one is that the company keeps your funds completely isolated from you to keep them safe or to steal them from you. In this review, we will be explaining in detail all the problematic aspects of SunTonFX that are the red flags in this SunTonFX review. If you are here with the intention of knowing whether SunTonFX is a scam or a legitimate broker, read the full review to find out.
In this section of the SunTonFX review, we will be explaining to you the shady aspects of SunTonFX.
Is SunTonFX regulated by any regulator?
Despite claiming to have customers from places around the world like Europe, Asia, South America, Australia, and Africa, SunTonFX fails to give any proof of being regulated by any of the regulators of the given jurisdictions at least. Upon checking on the websites of the regulations, it was made clear to us that SunTonFX is UNREGULATED. Therefore, we can safely say that SunTonFX is a potential scam as it does not have a license from any of the regulators.
What is the leverage offered by SunTonFX?
Leverages are usually offered in very low numbers due to the risk attached to the use of high leverages. Due to the risk of losing the trades, regulated brokerage firms offer leverages as high as 1:50. In many countries, the leverage is limited to a certain level in order to help the citizens by reducing the risk. In our case, SunTonFX offers leverage of 1:500 to their valuable customers. This gives us a red flag in this suntonfx.com review.
How good is the customer support option provided by SunTonFX?
As soon as we came to the customer support parameter of the SunTonFX, we were surprised to know how least bothered the company actually was to hide this big flaw of theirs. In the name of customer support, all they offer is to chat with the bot. Upon asking them any question, it will take them forever to reply and most of the time, they don’t even bother answering the questions. Furthermore, upon asking about the withdrawal options, SunTonFX straight away deleted our chat and even removed us from their website. As strange as this sounds, this is a clear indication of a potential scam. This yet again gives us a red flag in this SunTonFX review.
Conclusion: Is SunTonFX a scam or legit?
To conclude, we say that SunTonFX is a potential scam and we warn our readers from investing or trading with this unregulated brokerage firm.
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