Sunrise 2025 Review: Everything You Need to Know
In this comprehensive review of Sunrise, we delve into the broker's reputation, user experiences, and expert opinions. Overall, Sunrise has garnered significant scrutiny, with many users reporting negative experiences, particularly regarding withdrawal issues and lack of regulation. The broker operates across various regions, but its credibility is often questioned due to its unregulated status and questionable practices.
Note: It is important to highlight that different entities operate under the name "Sunrise," which can lead to confusion. This review aims to present a fair and accurate assessment based on available data.
Ratings Overview
We rate brokers based on a combination of user feedback, expert analysis, and factual data.
Broker Overview
Founded in 1991, Sunrise operates primarily in the Forex and CFD markets, offering a range of trading services to its clients. The broker provides access to various financial instruments, including Forex, commodities, and indices. However, it lacks support for popular trading platforms like MT4 or MT5, which may deter some traders. Sunrise is headquartered in Hong Kong and claims to be regulated by the Securities and Futures Commission (SFC) of Hong Kong. However, many sources indicate that the broker operates without adequate regulatory oversight in key markets.
Detailed Analysis
Regulated Regions:
Sunrise claims to operate under the SFC in Hong Kong, but many reviews highlight its lack of proper regulation in other regions, particularly in the United States and Europe. This raises concerns about the safety of client funds.
Deposit and Withdrawal Currencies:
Sunrise allows deposits and withdrawals in multiple currencies, but users have reported significant issues when attempting to withdraw their funds, with many claiming they were unable to access their money.
Minimum Deposit:
The minimum deposit required to start trading with Sunrise is reported to be around $300, which is relatively accessible for new traders. However, many users have expressed that this low entry point is overshadowed by the subsequent challenges faced when withdrawing funds.
Bonuses and Promotions:
There is little information regarding bonuses or promotional offers, which is often a red flag for potential investors. Many reputable brokers provide incentives to attract new clients, but the absence of such offers may indicate a lack of competitiveness.
Asset Classes:
Sunrise provides trading opportunities in Forex, CFDs, commodities, and indices. However, the limited asset diversity compared to other brokers can be a disadvantage for traders seeking a broader range of investment options.
Costs:
The cost structure, including spreads and commissions, is not clearly outlined in the available reviews, leading to uncertainty about the true cost of trading with Sunrise. This lack of transparency can be concerning for potential clients.
Leverage:
While specific leverage ratios are not consistently reported, many brokers in this space typically offer leverage up to 1:500. However, users should be cautious, as high leverage can also increase the risk of substantial losses.
Allowed Trading Platforms:
Sunrise does not support popular trading platforms such as MT4 or MT5, which may limit the trading experience for many users who prefer these well-established platforms.
Restricted Regions:
The reviews indicate that Sunrise operates in multiple regions, but there are warnings about its unregulated status in several jurisdictions, particularly in the U.S. and the U.K., where it has been flagged by regulatory bodies.
Available Customer Service Languages:
Customer service appears to be a significant issue for Sunrise, with many users reporting unresponsive support. The languages offered for customer support are not clearly stated, which can lead to communication barriers for non-English speakers.
Ratings Revisited
Detailed Breakdown
Account Conditions:
The conditions for opening and maintaining an account with Sunrise are relatively straightforward, but the low minimum deposit is overshadowed by the numerous complaints regarding fund withdrawals. Users have reported difficulties in accessing their money, which severely impacts their overall experience.
Tools and Resources:
While Sunrise provides some basic tools for trading, the lack of advanced features and resources typically found in more reputable brokers limits its attractiveness. Users have expressed a desire for more comprehensive educational resources and trading tools.
Customer Service:
Customer service has been a significant pain point for many users, with reports of unresponsive support and difficulty resolving issues. This lack of reliable customer service can deter potential clients from choosing Sunrise as their broker.
Trading Experience:
The trading experience with Sunrise is marred by the absence of popular platforms like MT4 and MT5. Users have reported that the trading interface is not user-friendly, which can lead to frustration, especially for novice traders.
Trustworthiness:
The trustworthiness of Sunrise is highly questionable, with many reviews citing a lack of regulation and numerous complaints about withdrawal issues. This has led to a low trust rating among users and experts alike.
User Experience:
Overall user experience is mixed, with many users expressing frustration over withdrawal issues and customer service. While some users report satisfactory trading experiences, the negative feedback significantly outweighs the positive.
In conclusion, the Sunrise review reveals a broker with significant shortcomings, particularly in terms of trustworthiness and customer service. Potential clients are advised to exercise caution and consider alternative options that offer better regulatory oversight and user support.
