Overview of SUNDELL LIMITED
Sundell Limited is a financial services provider that offers a wide range of trading opportunities to clients globally. While the company claims to be based in the UK, it is important to note that specific regulatory information and licensing details are not explicitly disclosed, which may raise concerns among potential clients. Sundell Limited provides access to various market instruments, including forex, synthetic indices, stocks, stock indices, and cryptocurrencies. Traders can utilize their proprietary web trader platform, which is designed to be an all-in-one CFD trading solution. Regarding customer support, Sundell Limited offers assistance through email communication.
As with any financial service provider, traders are advised to conduct thorough research and seek clarification from customer support before opening an account and starting their trading journey with Sundell Limited. Understanding the broker's regulatory status, account types, and available customer support channels is vital to making well-informed decisions and ensuring a positive trading experience.
Is SUNDELL LIMITED legit or a scam？
It is important to note that while Sundell Limited claims to have been established in 2018 and regulated by the US MSB (Money Services Business), there is no verified or valid license mentioned to back up these claims. The absence of a verifiable license raises concerns and may be a red flag for potential investors, as it is based in the UK, but claims to be regulated by a US financial authority.
The lack of a regulatory license can cast doubts on the legitimacy of Sundell Limited as a reputable financial service provider. Regulatory bodies play a crucial role in overseeing and monitoring the operations of brokers, ensuring they adhere to industry standards and safeguard the interests of investors. Furthermore, the absence of verifiable information about Sundell Limited's regulatory status and licensing could potentially signal a risk of being a scam or an unregulated entity.
Pros and Cons
Sundell Limited offers a wide range of trading opportunities, including forex, synthetic indices, stocks, stock indices, and cryptocurrencies, providing clients with diverse options to build their investment portfolios. The absence of a minimum stop-loss distance creates flexibility for traders to implement various strategies. Sundell Limited has accumulated a group of loyal customers, which includes trading novices to experienced veterans, fund managers, and trading institutions, reflecting a level of trust and satisfaction among its client base.
One concern about Sundell Limited is its proprietary web trader platform, which may raise questions about its reliability and regulation. The lack of third-party verification and audit could lead to doubts about its integrity. Moreover, the lack of transparent information on fees and regulatory licenses raises suspicion about the company's legitimacy. Additionally, using a free domain for the email address may impact its credibility. Traders should exercise caution and conduct thorough research before engaging with the broker.
Market Instruments
Sundell Limited offers a diverse range of market instruments to cater to the needs of various traders and investors. Their product range includes foreign exchange (forex) trading with dozens of mainstream currency pairs like EUR/USD, USD/CAD, and GBP/USD. They also provide spot trading for precious metals like gold (XAUUSD) and silver (XAGUSD), which are popular safe-haven assets.
In addition to forex and precious metals, Sundell Limited facilitates trading in US crude oil (UsOIL), allowing clients to participate in the oil market and benefit from its geopolitical and economic dynamics. For those interested in stock market indices, Sundell offers opportunities to trade major indices such as Hong Kong Hang Seng Index (HK50), German Index (GER30), and S&P 500 Index (US500), providing exposure to broader market movements.
Recognizing the growing interest in the digital asset space, Sundell Limited also caters to cryptocurrency traders by offering dozens of mainstream digital currency pairs, including Bitcoin (BTC/USD), Ether (ETH/USD), and Ripple (XRP/USD). This emerging market provides a potential for significant gains but also carries high volatility.
Account Types
Sundell Limited offers a variety of flexible account types to cater to the diverse needs of traders. Each account provides unique features and benefits, ensuring an optimal trading experience.
The Comprehensive Account at Sundell Limited is designed for traders seeking a wide range of trading opportunities. With this account type, clients can trade Contracts for Difference (CFDs) around the clock using Sundell's unique and proprietary composite index. This index simulates real market movements, allowing traders to gain exposure to various asset classes and market trends. The Comprehensive Account provides a diverse set of CFD instruments, enabling traders to capitalize on different financial markets and take advantage of various trading opportunities.
The Finance Account offers a comprehensive trading experience for those interested in the global financial markets. With this account, clients can access a broad selection of financial instruments, including forex, commodities, and cryptocurrencies. Traders can engage in both large (standard and microtransactions) and micro currency pairs, giving them the flexibility to tailor their trading strategies based on their risk appetite and market preferences. The Finance Account also provides access to high leverage, enabling traders to magnify their positions and potentially enhance their trading outcomes.
The Financial STP Account is designed to cater to traders who value execution speed and direct access to the markets. This account type offers Straight Through Processing (STP) execution, ensuring that orders are directly routed to liquidity providers, leading to faster execution times and potentially tighter spreads. Traders can choose from major and minor currency pairs, and this account type also provides access to markets with currency pairs that offer smaller spreads. The Financial STP Account is particularly appealing to traders who focus on the forex market and seek efficiency and precision in their trading operations.
Each of these account types at Sundell Limited offers distinct features and benefits to accommodate the diverse needs and preferences of traders. Traders can choose the account type that best aligns with their trading goals and strategies, while receiving expert support and guidance from the company's experienced team throughout their trading journey.
How to open an account in SUNDELL LIMITED？
To begin your trading journey with Sundell Limited, follow these steps to open an account and gain access to a wide range of tradable assets, including forex, synthetic indices, stocks, stock indices, and cryptocurrencies.
Visit the Sundell Limited website.
Click on the “Register” button to start the account creation process.
Fill in the required information, such as your name, email address, and password.
Verify your email address by clicking on the link sent to your provided email, or phone number if you chose to use a phone number.
Once your account is created, log in to the Sundell Limited trading platform and proceed to fund your account to start trading.
By following these simple steps, you can quickly become a part of the Sundell Limited trading community and access their powerful web trader platform to execute your trading strategies across multiple asset classes.
Spread and Commission Fees
Spread is the difference between the buying and selling price of an asset, and it directly affects the cost of entering and exiting trades. Commission fees, on the other hand, are additional charges imposed by brokers for executing trades on behalf of traders. Knowing the exact spread and commission fees allows traders to accurately calculate their potential profits or losses and make informed trading decisions.
One notable concern for traders considering Sundell Limited is the absence of information on spread and fees. As crucial components of the trading cost, the lack of transparency regarding these charges can significantly impact traders' decision-making process and overall trading experience. Traders should exercise caution and carefully consider the implications of the missing information before choosing to trade with Sundell Limited.
Leverage
Sundell Limited offers its clients a competitive leverage of 1:400. The company provides traders with the opportunity to control positions that are 400 times larger than their initial investment. This leverage ratio allows traders to potentially increase their profits significantly.
However, it's important to note that higher leverage also comes with increased risk. While it can amplify gains, it equally exposes traders to substantial losses if the market moves against their positions. Understanding the potential risks and rewards of leverage is crucial for responsible trading.
Trading Platform
Sundell Limited provides traders with access to its proprietary web trader platform, offering an all-in-one CFD trading solution. This platform has gained popularity among traders globally, thanks to its powerful charting tools, intuitive interface, and 24/7 trading availability for forex, synthetic indices, stocks, stock indices, and cryptocurrencies.
However, it is essential for traders to carefully evaluate the platform, considering that it is not the industry standard. Unlike widely recognized trading platforms used by many other brokers, Sundell Limited's proprietary platform may have unique features and functionalities that can potentially be manipulated. Traders must exercise caution and conduct thorough research before fully relying on this platform for their trading activities.
Deposit & Withdrawal
At Sundell Limited, the specific methods of deposit and withdrawal are not explicitly disclosed on their public platform. While some financial service providers may openly share the available deposit and withdrawal options, Sundell Limited has chosen not to publicly list this information.
Similarly, the minimum deposit and withdrawal amounts, as well as any associated fees, are not readily available for public reference. These details are not explicitly stated on their website or other public materials, which may leave potential clients with questions or uncertainties about the company's policies in this regard.
Customer Support
At Sundell Limited, the primary and sole means of contacting customer support is through the provided email address, sundellltd@gmail.com. Traders who have questions or concerns, or require any form of support can use this email address to connect with the company's dedicated support representatives.
The provided contact email, sundellltd@gmail.com, may raise suspicion for some individuals due to the use of a free email service domain (gmail.com) instead of their own company domain. In the business world, reputable companies typically use their own domain for official communications to establish a professional and trustworthy image.
Educational Resources
Sundell Limited offers a selection of educational resources to support traders in their financial journey. These resources include a demo account, providing a risk-free environment for traders, especially beginners, to practice and refine their skills. Additionally, clients can access real-time financial news and economic calendars, helping them stay informed about market events and economic indicators. These tools empower traders to make well-informed decisions and adjust their strategies accordingly.
Conclusion
Sundell Limited is a financial services provider that offers a wide range of trading opportunities to clients globally. The broker provides access to various market instruments, including forex, synthetic indices, stocks, stock indices, and cryptocurrencies. Traders can utilize their proprietary web trader platform, which is designed to be an all-in-one CFD trading solution.
One notable concern raised about Sundell Limited is the lack of transparent information regarding its regulatory status and licensing details. This may raise questions and concerns among potential clients about the company's overall transparency and credibility. Traders interested in engaging with Sundell Limited should conduct thorough research and seek clarification from customer support before making any investment decisions.
FAQs
Q: What is the regulatory status of SUNDELL LIMITED？
A: SUNDELL LIMITED is not regulated by any financial authorities and does not have any valid license to proof the claims of its regulatory status.
Q: What is the maximum leverage offered by SUNDELL LIMITED？
A: SUNDELL LIMITED offers maximum leverage of 1:400.
Q: How can I contact customer support at SUNDELL LIMITED？
A: You can reach the customer support team at SUNDELL LIMITED by sending an email to sundellltd@gmail.com.
Q: What trading platform does SUNDELL LIMITED offer？
A: SUNDELL LIMITED provides traders with a proprietary web trader platform, offering an all-in-one CFD trading solution.
Q: What market instruments are available for trading at SUNDELL LIMITED？
A: SUNDELL LIMITED offers a diverse range of market instruments, including forex, synthetic indices, stocks, stock indices, and cryptocurrencies.
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