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SUNFLOWER Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!

SUNFLOWER Broker Review

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SUNFLOWER Review 1

Latest All(1) Exposure(1)
Exposure
I can’t withdraw

They said it was because of bank system update and I can contact the service to withdraw. But the service gave me no response. Is this a scam?

FX1829182178
2018-07-13

  

Sunflower 2025 Review: Everything You Need to Know

  Summary: The Sunflower brokerage firm has garnered mixed reviews from various sources, with some praising its customer service and range of services, while others express concerns over its regulatory status and overall transparency. Key features include its focus on equity and currency derivatives trading, but potential clients should be cautious due to its unregulated status.

  Note: It is essential to recognize that different entities operate under the name "Sunflower," particularly in various geographical regions. This review aims to provide a fair and accurate assessment based on available data.

  

Rating Overview

Category Score (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 6
Trading Setup (Experience) 4
Trustworthiness 3
User Experience 5

  How We Score Brokers: Our scoring is based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings.

  

Broker Overview

  Established in 2005, Sunflower Broking Pvt. Ltd. is an Indian brokerage firm that operates in the financial services sector, providing a variety of trading options including equity, currency derivatives, commodities, and bullion. The firm has made significant strides in the Indian market, acquiring memberships with major exchanges such as BSE and NSE. However, it is important to note that the brokerage does not currently offer popular trading platforms like MT4 or MT5, which might deter some experienced traders.

  The firm claims to prioritize customer service, promising quick resolutions to client queries, yet it has received criticism regarding its regulatory compliance, with many sources indicating that it operates without a valid regulatory license. This lack of oversight raises concerns about the safety and security of client funds.

  

Detailed Section

  

Regulatory Status

  Sunflower operates primarily in India and has faced scrutiny regarding its regulatory status. While it is registered with the BSE and NSE, it lacks proper oversight from a recognized regulatory body, which is a significant drawback for potential investors. According to WikiFX, Sunflower has been flagged as an unregulated broker, which poses high potential risks for traders. This lack of regulation is a common point of concern among users, as it raises questions about the safety of their investments.

  

Deposit/Withdrawal Currency/Cryptocurrency

  The firm primarily deals in Indian Rupees (INR) for deposits and withdrawals, but there is no mention of support for cryptocurrency transactions. This could limit options for traders looking to diversify their portfolios with digital assets.

  

Minimum Deposit

  Information regarding the minimum deposit required to open an account with Sunflower is not readily available, which can be a red flag for potential clients. This lack of transparency is echoed in several reviews, making it difficult for users to gauge the initial investment required.

  

Bonuses/Promotions

  Sunflower does not prominently advertise any bonuses or promotional offers, which is a common practice among many competitive brokers. This absence may suggest a more straightforward fee structure, but it also raises questions about the firm's marketing strategy and competitive positioning.

  

Tradable Asset Classes

  Sunflower offers a range of tradable asset classes including stocks, equity derivatives, currency derivatives, commodities, and bullion. However, it does not provide access to forex trading or cryptocurrencies, which could limit its appeal to a broader audience of traders.

  

Costs (Spreads, Fees, Commissions)

  The specific costs associated with trading on the Sunflower platform, such as spreads, fees, and commissions, are not clearly outlined in the available reviews. This lack of information could lead to unexpected costs for traders, further emphasizing the need for potential clients to conduct thorough research.

  

Leverage

  The review sources do not provide specific details regarding the leverage offered by Sunflower, which is a critical factor for many traders. Leverage can significantly impact trading strategies and risk management, making this information essential for informed decision-making.

  

Allowed Trading Platforms

  Sunflower does not support popular trading platforms such as MT4 or MT5, opting instead for a proprietary web-based trading platform. This may not meet the expectations of traders accustomed to the advanced features and tools available on established platforms.

  

Restricted Regions

  While the primary focus of Sunflower is the Indian market, there is little information available regarding any geographical restrictions on service provision. This lack of clarity could pose challenges for international clients looking to engage with the broker.

  

Available Customer Service Languages

  Sunflower provides customer support primarily in English and Hindi, which may limit accessibility for non-Hindi speakers. This could impact user experience, especially for clients looking for assistance in other languages.

  

Repeated Rating Overview

Category Score (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 6
Trading Setup (Experience) 4
Trustworthiness 3
User Experience 5

  

Detailed Breakdown

  

Account Conditions

  Sunflower's account conditions are rated low due to the lack of transparency regarding minimum deposits and overall account management features. As noted in various reviews, potential clients should be cautious when considering opening an account.

  

Tools and Resources

  While Sunflower offers some basic trading tools, the absence of popular platforms like MT4 or MT5 significantly impacts the overall trading experience. Users may find the proprietary platform lacking in features.

  

Customer Service and Support

  Customer service has received mixed reviews, with some users praising the responsiveness while others have highlighted delays. The commitment to resolving issues within 24 hours is a positive aspect, but the effectiveness of this service remains variable.

  

Trading Setup (Experience)

  The trading experience on Sunflower's platform is rated poorly, primarily due to its lack of advanced trading tools and platforms. This may deter experienced traders who rely on sophisticated features.

  

Trustworthiness

  Sunflower's lack of regulatory oversight is a major concern, leading to a low trustworthiness rating. The absence of a valid regulatory license raises significant red flags for potential investors.

  

User Experience

  User experience is rated moderately, with some positive feedback on customer service but overall dissatisfaction with the trading platform's capabilities. This inconsistency suggests that while some clients may find value, others may not.

  In conclusion, the Sunflower review indicates that while the brokerage offers a range of services, significant concerns regarding its regulatory status, transparency, and trading platform capabilities could pose risks for potential clients. Traders are advised to conduct thorough research and consider these factors before engaging with Sunflower.