Sun Long Bullion Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Risk Control
License
HKGX Regulated 
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
In the ever-evolving world of forex trading, Sun Long Bullion has emerged as a notable player. However, the feedback surrounding this broker is mixed, with some users reporting positive experiences while others have raised significant concerns regarding potential scams. This review aims to provide a comprehensive overview of Sun Long Bullion, highlighting its strengths and weaknesses based on various sources and user experiences.
Note: It is crucial to consider that the regulatory environment can differ across regions, and the information presented here is based on multiple sources to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
We evaluate brokers based on user feedback, expert opinions, and factual data.
Established between 2013 and 2018, Sun Long Bullion operates out of Hong Kong and is regulated by the Chinese Gold & Silver Exchange Society (CGSE) under a Type AA license. The broker primarily focuses on gold trading, providing clients with access to the popular MetaTrader 4 (MT4) trading platform. While it specializes in precious metals, it does not offer a wide range of trading instruments compared to other brokers in the market.
Sun Long Bullion is regulated by the CGSE, a regulatory body in Hong Kong. While this adds a layer of credibility, it is essential to note that the regulatory standards may not be as stringent as those imposed by top-tier regulators like the FCA or ASIC. This raises concerns regarding the level of investor protection offered.
Clients can fund their accounts through wire transfers and online banking, with a minimum deposit requirement of $100. However, some users have reported difficulties with withdrawals, claiming that their requests were ignored or delayed, raising red flags about the broker's reliability.
Sun Long Bullion primarily offers gold trading, which can be appealing for investors looking for a safe-haven asset. However, the absence of detailed information regarding spreads, leverage, and additional trading costs may deter potential clients. The broker does not provide a comprehensive overview of account types, which can leave traders feeling uncertain about their options.
The broker claims to provide educational resources through an investment school and investment news updates. However, user feedback suggests that these resources may not be sufficiently detailed or informative, limiting traders' ability to enhance their skills and knowledge effectively.
Customer support options include email and phone assistance, but reviews indicate that response times can be slow. Some users have expressed frustration over the lack of support when issues arise, which can be detrimental to traders seeking timely assistance.
User experiences with Sun Long Bullion vary widely. While some traders have reported successful trading experiences, others have voiced concerns about potential scams. One user recounted a significant loss after depositing funds, stating, "I got scammed from this app, I firstly deposited 20,000 thinking they are real and then deposited another money but later on they flew away with my money." Such testimonials highlight the risks associated with trading through this broker.
In conclusion, Sun Long Bullion presents a mixed bag for potential traders. While it offers a regulated environment for gold trading, the lack of transparency regarding account types, trading conditions, and customer support raises concerns. Additionally, the mixed user feedback suggests that potential clients should approach this broker with caution. If you are considering trading with Sun Long Bullion, it is advisable to conduct thorough research and consider other options to ensure a secure trading experience.
Q: Is Sun Long Bullion a legitimate broker？
A: Sun Long Bullion is regulated by the CGSE, but user feedback indicates potential risks, including reports of scams.
Q: What is the minimum deposit required？
A: The minimum deposit to open an account with Sun Long Bullion is $100.
Q: What trading platform does Sun Long Bullion offer？
A: Sun Long Bullion provides access to the MetaTrader 4 (MT4) trading platform.
Q: What assets can I trade with Sun Long Bullion？
A: The broker primarily focuses on gold trading.
Q: How can I contact customer support？
A: Customers can reach Sun Long Bullion through email and phone, but response times may vary.
In summary, while Sun Long Bullion offers opportunities for gold trading, potential investors should weigh the risks and conduct adequate due diligence before engaging with this broker.
