WikiFX Review: Sunton Capital- Why do some investors feel irritated by this broker?

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of Sunton Capital based on the facts.

What is WikiFX？

To explore whether Sunton Capital is a scammer or not, we evaluated this broker from different aspects, such as regulatory status, exposure, etc.

1. Evaluate the reliability of Sunton Capital based on its general information and regulatory status.

To understand Sunton Capital better, we explore Sunton Capital by analyzing three main perspectives:

A. General Info of Sunton Capital

B. Regulatory Status

A. General Info of Admiral Markets

(source: Sunton Capital)

About Sunton Capital

Sunton Capital is a forex broker and claims that it is registered in China, with its founding time, actual office address, and the company behind it unknown to all.

Leverage

The maximum leverage level of Sunton Capital is 1:100, not that generous compared with many other brokers. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use high leverage.

Spreads & Commissions

Sunton Capital only mentions it offers low spreads, but does not specify detailed spreads on a particular instrument.

Trading Platform

When it comes to trading platforms available, the only platform available at Sunton Capital is a web version of MetaTrader5.

Deposit & Withdrawal

Payment methods used by Sunton Capital are credit cards, debit cards, wire transfers, crypto methods, and at times, some alternative payment gateways. Withdrawals use the same methods, although with withdrawals users have to look out for fees! The typical withdrawal processing time is between 2 and 5 days.

(source:WikiFX)

B. Regulatory Status

What is a Legitimate License？

• The legitimate license is the business license issued by the financial regulatory institution of each country/region.

• Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under the protection to some extent.

• Whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.

• The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.

The legitimate license of Sunton Capital

According to WikiFX, Sunton Capital is not regulated by any regulatory authority. Therefore, we consider this broker an unlicensed broker.

2. Exposure related to Sunton Capital on WikiFX

On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.

As of August 22, 2022, WikiFX has received 17 complaints against this broker within three months. Below are some of them.

This trader from Indonesia claimed that Sunton Capital is a scam. He suffers a heavy financial loss after investing in this broker.

This trader believed that Sunton Capital is a Ponzi Scheme.

This investor from Thailand complained that he cannot withdraw.

Another trader from Nigeria claimed that this platform kept saying insufficient funds when he tried to withdraw.

3. Special survey about Sunton Capital from WikiFX

A. Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Sunton Capital has been given by WikiFX a low rating of 1.27/10.

(source:WikiFX)

B. WikiFX Alerts

4. Conclusion

Due to too many complaints, we do not consider Sunton Capital is a reliable broker. The biggest problem that the investors complained about the most is the withdrawal rejection. We advise you to be aware of the potential risks. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself. If you have any problems with this broker, please do not hesitate to contact WikiFX. The global customer service of WikiFX is +234-706 777 7762 on WhatsApp. Or you can call +65-31290538. We are willing and ready to help you out.

Click on Sunton Capital' WikiFX page for details