Rating Index

Pros

Offers a wide range of trading instruments including over 50 forex currency pairs and various CFDs.

Utilizes the MetaTrader 5 platform, which is known for its advanced trading features and user-friendly interface.

Provides market news and analysis resources on its website, which can help traders make informed decisions.

Cons

Unregulated broker, raising significant concerns about the safety and security of funds.

Negative reputation with multiple complaints and warnings from financial authorities regarding fraudulent activities.

Lack of transparency regarding the company's ownership and location, which adds to the risk for potential investors.

Sunger broker Accounts

Sunger Account Type

Sunger offers a limited range of account types for its clients. Currently, it provides the following account options:

Standard Account: This account type is designed for regular traders who want access to the basic features of the trading platform.
ECN Account: This account caters to more advanced traders who require direct market access and tighter spreads.

It is important to note that Sunger does not specify various plans or detailed features for each account type, which may raise concerns for potential investors.

Sunger Broker Account Opening Process

Opening a broker account with Sunger involves a straightforward process. Here are the steps to follow:

Visit the Website: Go to sungerfx.com to access the broker's platform.
Application Form: Complete the online application form, providing necessary personal information such as your name, address, and financial details.
Verification: You may need to verify your identity, which could involve submitting identification documents.
Fund Your Account: After your account is approved, deposit funds into your account. The minimum deposit amount is typically $1,000.
Start Trading: Once your account is funded, you can begin trading using the MetaTrader 5 (MT5) platform.

Please be aware that Sunger is an unregulated broker, which poses higher risks for investors. Always consider these factors before proceeding with the account opening process.