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The WikiFX Score of this broker is reduced because of too many complaints!

Sunlaideal

China|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.sfemfx.com/index#

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http://www.sfemfx.com/index#
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Sunlaideal FE Markets

Company Abbreviation

Sunlaideal

Platform registered country and region

China

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to withdraw

Scam

I used MT4 for about 3 months and need agents to deposit and withdraw. This agent named Sunlaideal FE Markets Limited. The withdrawal was very slow due to many reason such as website maintenance or bank issues. Finally it would block you. I reported it and the police found the account was unable to transfer. The company told me that I should get the payment back from the bank.

2021-09-16 13:37
Unable to withdraw

Fraud platform. Severe slippage. Unable to withdraw

I followed teacher Gu to invest here in October. As if on cue, there was a bonus for deposit. But you can't witdhraw during the time of activity. Then the activity was over in November. And I was going to withdraw money. But the teacher asked to me adjust the leverage higher because the market fluctuated greatly. Then I know it's a fraud platform. I bought when the prices were going down. But then the price went up for 30s and then stopped for 10s. In the end, the price went up 300-500 for 5s, which made me lose a lot. The teacher said he would make up for this lose. And I asked the customer servise about the slippage during the time I was waiting, they just gave me a vague answer and promised they would compensate me and would give me 20,000 if I deposited 20,000. I wanna consult my teacher but the teacher didn't reply to me. I thought he should abscond. So I refused their compensation and asked for witdhrawal. They keep delaying my withdrawal. I researched much info and there are many problems in this platform. I hope there will not be another victim, so don't invest here

2020-12-02 21:06

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    辉哥
    more than one year
    Sunlaideal indeed is a scam. I suspect that they are Ponzi, because the withdrawal is taking forever, and they are saying that they are processing. They say there are too many withdrawals at the moment, so I will have to wait. Which proper FX brokerage needs weeks and months to process a withdrawal?
    2023-02-22 16:04
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