Sun Long Bullion, officially known as 旭隆金业(香港)有限公司, was established in 2013. The company is headquartered in Hong Kong, specifically at Office A, 17/F, MG Tower, 133 Hoi Bun Road, Kwun Tong. This broker operates as a private entity and has carved a niche in the financial market by providing specialized trading services primarily focused on precious metals, especially gold trading.
Sun Long Bullion has developed a reputation in the forex and CFD industry, catering to clients globally. The broker has seen significant milestones in its operational journey, including regulatory approvals and the establishment of a robust trading platform. The company is regulated by the Chinese Gold & Silver Exchange Society (CGSE), which enhances its credibility in the market.
The business model of Sun Long Bullion revolves around retail forex trading, offering various services to individual traders interested in investing in gold and other precious metals. The firm has established itself as a reliable broker in this niche market, focusing on providing clients with a secure and efficient trading environment.
Sun Long Bullion is regulated by the Chinese Gold & Silver Exchange Society, holding a Type AA license (License No. 157). This regulatory status ensures that the broker adheres to the required standards of operation within the financial services industry. The license is valid for conducting business in Hong Kong, providing a framework for the company's operations.
The broker implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with international regulations. This includes verifying the identity of clients and monitoring transactions for suspicious activities. Additionally, customer funds are kept in segregated accounts, ensuring that client assets are protected in the event of financial difficulties faced by the broker.
Despite its regulatory status, there have been various reports highlighting potential risks associated with Sun Long Bullion. Some users have reported issues regarding the withdrawal of funds, raising questions about the overall reliability of the broker. It is essential for potential clients to conduct thorough research and consider these factors before engaging with the broker.
Sun Long Bullion specializes in providing trading opportunities primarily in gold, which is a highly valued asset known for its stability and safe-haven status during economic uncertainties. The broker offers a limited selection of trading products, focusing predominantly on precious metals.
The trading platform supports a variety of currency pairs, although the exact number of forex pairs available is not explicitly stated. Additionally, the broker does not offer a wide range of CFDs, as it primarily focuses on gold trading. This specialization allows traders to benefit from gold's price movements, which can be influenced by various economic factors.
Sun Long Bullion also provides retail trading services, allowing individual investors to engage in gold trading. However, the offerings for institutional clients or advanced trading options are less clear. The company does not appear to provide white label solutions or asset management services, focusing instead on individual retail traders.
Sun Long Bullion utilizes the MetaTrader 4 (MT4) trading platform, which is well-regarded in the forex trading community for its user-friendly interface and advanced trading tools. The platform supports various trading functionalities, including advanced charting, technical analysis, and automated trading through Expert Advisors (EAs).
The broker does not appear to offer a proprietary trading platform, which may limit the options for clients looking for customized trading solutions. However, the availability of MT4 allows traders to access a familiar environment for executing trades efficiently.
Additionally, Sun Long Bullion provides mobile trading capabilities through MT4, enabling traders to manage their accounts and execute trades on-the-go. The broker's servers are located in Hong Kong, which can impact execution speeds for clients in the region.
Sun Long Bullion offers a standard account with a minimum deposit requirement of $100 USD. The account conditions include competitive spreads, although specific details about commission structures and spreads are not clearly defined in the available resources.
The broker does not appear to offer advanced account types such as VIP or professional accounts, nor does it provide specialized accounts like Islamic accounts. The absence of detailed information on account types may deter potential clients seeking tailored trading solutions.
Leverage options are available, with a maximum leverage ratio of 400:1, which is attractive for traders looking to maximize their trading potential. However, the specific leverage available for different products is not explicitly stated.
Sun Long Bullion also offers a demo account for traders to practice and familiarize themselves with the trading environment before committing real funds. This feature is beneficial for new traders looking to gain experience without financial risk.
Sun Long Bullion provides several deposit methods, including bank transfers and online banking options. The minimum deposit requirement is set at $100 USD, making it accessible for retail traders to start their trading journey.
The processing time for deposits varies depending on the method chosen, but generally, funds are credited to trading accounts promptly. There are no explicit fees mentioned for deposits, which can be an attractive feature for clients.
Withdrawal methods are also available, although specific details regarding withdrawal limits and processing times are not clearly outlined. Clients have reported delays in processing withdrawals, which raises concerns about the efficiency of the broker's fund management practices.
Overall, the fee structure for withdrawals remains ambiguous, and potential clients should inquire directly with the broker to obtain the most accurate and up-to-date information.
Sun Long Bullion offers multiple customer support channels, including phone, email, and possibly online chat. The support team is available during business hours, which are typically Monday to Friday, from 9:30 AM to 6:00 PM Hong Kong time.
The broker provides support in English, catering to a global clientele. However, the absence of multilingual support may limit accessibility for non-English speaking clients.
In terms of educational resources, Sun Long Bullion has an investment school and offers market news to keep clients informed about market trends and investment strategies. However, the depth and variety of educational materials available are not clearly defined, which may limit the learning opportunities for novice traders.
Sun Long Bullion primarily serves clients in Hong Kong and potentially other regions, although specific information regarding its market reach is limited. The broker's operations are based in Hong Kong, and it is essential for clients to be aware of any regional restrictions that may apply.
Certain countries may be restricted from accessing Sun Long Bullion's services due to regulatory compliance issues. Potential clients should verify their eligibility to trade with this broker and ensure they comply with local laws and regulations.
In conclusion, while Sun Long Bullion offers a specialized trading environment focused on gold, potential clients should approach with caution given the mixed reviews regarding its operational practices and customer service experiences. As with any financial service provider, thorough research and due diligence are crucial before engaging in trading activities.
AJAO TOOSIN
Nigeria
I got scammed from this app,I firstly deposited 20,000 thinking they are real and then deposited another money but later on they fly away from my money,I cried out but nothing was done to them again,please stay away the app is not real at all
Exposure
2021-08-31