Sunpor Group Limited is a company that is operating against the set law of several jurisdictions. This firm does not care about your fund safety. Investors cannot be confident the duration of the venture will be in the market. In most cases, offshore platforms don’t last long as they exit before a year ends.
Nonetheless, this broker holds that it is the best entity in the market with outstanding offers for its customers. They brag about hiring professionals that have a rich background in finance. They attribute success to them. However, the venture does not see the importance of crediting the professionals.Â
We cannot grant them the benefit of the doubt. Sunpor Group Limited could be lying for all we know. The available assets include; stocks, index, digital currency, energy, and precious metals. We do not recommend investors using the scheme. You will only get a negative outcome by trading with them.Â
Invest with verified forex trading ventures in the market. These are licensed schemes that have desirable trading conditions. You will generate real time profits. Your safety is also guaranteed unlike with offshore schemes.
Sunpor Group Limited is a dangerous Ponzi scheme. It is a clone that uses data of a legit venture in Australia. There is no link between these two companies. This shows how fat the scheme will go to steal money from innocent individuals.Â
Furthermore, this entity is running anonymously. It isn't easy to track the individual once they disappear. There are better opportunities in the world. We do not see anything positive worth mentioning. Forget about making money with this company.Â
Sunpor Group Limited is targeting novice investors in the market. They use luring sales pitches and false promises to trap in more victims. We recommend that you find a reputable firm that has a past trading history. This is a proven scam that has negative reviews from its clients. Additionally, it is on the blacklist of famous regulatory bodies.Â
Walk away from the scam before they steal your personal data and funds. The professional team that the entity is speaking about is nowhere to be seen. You will be trusting individuals that you don’t know their qualifications.Â
Despite this being a Ponzi scheme, the entity brags it has excellent trading opportunities. Do not blindly trust the venture. Research about a platform as you can a lot from the experts.Â
The entity offers MT5 and MT5 trading interfaces. Their leverage is that of 1:300. The spread is above the average market. The spread is that of 1:6, which is below the average market standard. So long as this broker is illegal, you are not going to get real-time profits.
The people that are running Sunpor Group Limited are only looking after themselves. The leverage that the firm offers is beyond what the Australian government accepts. The maximum a legit entity can provide is 1:30.Â
Sunpor Group Limited does not see the need to disclose the minimum amount that customers can deposit. Investment firms that operate in this manner tend to hike prices. Legit firms will have a standard amount.
The venture lists several payment options for its clients. However, we cannot validate whether the firm is taking as they require investors to submit personal data that we could not share.Â
There is also no proof that Sunpor Group Limited is paying investors. The lack of past trading experience of their clients is a big red flag. The chances of the firm withholding investors' funds are high.Â
Sunpor Group Limited allegedly was established in Hong Kong. They are targeting investors from across the globe. However, the entity does not even care to avail an email address. Therefore, contacting them is going to be a big nightmare. Offshore entities tend to cut off communication.
Moreover, there is also no office address. It is hard to know where this broker is operating from. Legit companies are transparent and provide all the necessary information. There is a lot that this entity is hiding. Where would you even go once they take your cash?
Sunpor Group Limited is on the blacklist of the Asian regulator. ASIC is the financial regulator of Australia. They are yet to issue a warning against this bogus entity. As stated earlier, the firm is using the legit info of a licensed entity. The warning from Hong Kong financial regulator should be taken seriously.
Your money is not secure as the platform does not have a compensation scheme. They will leave the industry without giving notice. The authority cannot come to your rescue as their area of operation is unknown. Investing with a company that has a license comes with several benefits.
For instance, traders know the people that are handling their money. Additionally, you can view the trading history of the broker. All the necessary information is available on their website. You know what you are signing up for, as the minimum deposit is also clearly outlined.Â
Investors should forget about safety when investing in offshore ventures. These kinds of schemes exit the market without notice. They will only devastate you and leave you high and dry. For instance, this is a venture that does not speak about the segregation of funds. The platform is not working with a reputable financial institution to safe keep the traders' money.
Another worrying factor is that the venture does not reveal the individuals behind its operation. Therefore, there is no way that you are going to know whether these individuals are qualified to handle your money. It is best not to waste resources with the platform.
The company is new in the industry. The registration took place in April 2021. The domain is expected to expire in 2023. The venture that is allegedly behind the registration is Dynadot Limited. We could not find them anywhere on the internet, and this raises more doubts.Â
The traffic that is also visiting this website is minimal. If the entity were profitable, then everyone would be investing with them. Statistics never lie. If you want to make simple returns, invest with leading companies.
Once you trust Sunpor Group Limited, the deposit you make is futile. You cannot recover the funds. The firm has the MT5 interface, but this should be taken as a guarantee of legitimacy. The scammers behind this firm are dangerous and will exit the market with your money.Â
Invest with some of the best forex trading companies in the world. Their leverage and spread are idyllic and you can generate the best outcome. Moreover, these are companies that have a license from reputable finanial bodies.
Is Sunporgroup.com a good forex broker?
This is a company that we do not seem to find a single advantage with them.
Can Investors make money with Sunporgroup.com?
You cannot rely on an offshore scheme.
is this entity licensed?
No.
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Glück gehabt. Habe schon ein Konto dort eröffnet und wollte nächste Woche dort mit 50 000 $ investieren. Bin aber heute misstrauisch geworden. Empfehlung einer japanischen Freundin (Mitsui Familie) Dann Broker in Hongkong, dann Einzahlung aufs Konto auf spanische Bank. Seltsam. Deshalb danke für Ihre Information in letzter Sekunde.
Sunpor Group Limited is a big scam, they are big criminals.
They were referred to me by one lady called Wendy Yu that presented herself as one of China rich girls. After I checked on her on Facebook and her company Yu Holding and after we became good friends I opened a Forex trade account with them early May 2021 and as trial, I wired them $4,000 and I made 2 trades where I made $3,200 profit.
In June 9, 2021 after I had some suspicions about their practices, I asked them to withdraw my funds of $7,200 and close my account. At the beginning they have categorically refused alleging that I don’t have a right to withdraw because I must have over $10,000 in my account in order to withdraw what is above $10,000. I told them I want to simply my account and it’s my right to have my money wired to my bank account account in Florida. The day after, they forged my Forex trade account and applied a fake trade transaction where they made as I lost $12,380 with a trade and automatically made my account with a negative balance of $5,280 instead of +7,200 and this is how they have stolen my funds.
I reported them to Hong Kong Securities and Futures Commission and filled a complaint with all supporting documents that I have and after almost 2 months and half of investigation, the Hong Kong Securities and Future Commission confirmed that they are registered nor licensed in Hong Kong even though I provided them with the bank account they have with HSBC Hong Kong and the name of the entity they gave me to wire the money to as well as the physical address they have listed and attached to their company’s bank account through which they could easily identify the people behind the company and the scam but the enforcement division simply told me they can’t have arrested or freeze their bank account and asked to fill a complaint with Hong Kong Court and Police Department, which means I have to hire a lawyer who will ask me to pay him upfront at least $5,000 to take my case without any guarantees for success.
Now I m still waiting to see what to do
Hi, I’m wondering if you can direct me to the woman’s facebook page? So we call can avoid her.
I was referred to Sunpor some time ago by a friend in Hong Kong. At the time, not much information was available on them. I was doing quite well in the ForEx market and everything seemed fine. But, I invested well over $100,000 and lost it all because of them. I also supposedly had some money due to the platform and they threatened me with the mafia to come after me. Needless to say, I immediately broke off all contact with them and reported it to the FBI. I also sought out help from a company to recover my funds. The whole experience was an ordeal.
Stay away from this brokerage. It is a criminal enterprise.
Any success with recovery? Was the FBI helpful?