Beware! Sunton Capital is an offshore broker! Your investment may be at risk.
Sunton Capital opens with a very impressive home page, smooth and slick as if though we entered into a digital tech company’s billion-dollar offices. Undoubtedly impressed we moved forward with the expectation of reviewing a proper broker for a change. But at some point or another, the cracks do start to show up, and from then on it was a downward spiral all the way to the bottom.
For Sunton Capital, or suntonfx.xyz, it was the registration process that was the first turning point for us. Or lack thereof. Here we were thinking that we can create an account, but as it turns out, the account creation page was non-existent. There was an error page produced after we clicked on the register button.
This means that we will have to take all of the trading and payment details from the website, and this is a move that we never like doing because how can we make sure that these details are accurate; we have no reference point!
However, what trading info we have, and it is insignificant, points to the following available assets: forex currency pairs, commodities, stocks, and indices. Other than this, there is nothing else. Hopes for info about the spread or leverage remain elusive.
The site is available only in English.
SUNTON CAPITAL REGULATION AND SAFETY OF FUNDS
From the very limited website, we only gather that Sunton Capital is, supposedly, regulated by the FCA. This is completely unfounded. The FCA database has no mention of the broker, meaning that it does not oversee it.
Moreover, Belgium’s FSMA has issued an official warning against the broker, essentially blacklisting it. This tells us so much about the true nature of the firm!
We have considerable proof to think that Sunton Capital is a newer, albeit scammer, a version of a previously reviewed broker by the name of SuntonFX.
First, the website of SuntonFX has been shut down since we last saw it. Therefore, the most logical explanation here is that Sunton Capital is the follow-up of SuntonFX. Second, both companies claim to be licensed by the FCA, but are not. And then there is the obvious similarity between both company names.
Moreover, the entirety of the broker is contained within a single home page. Not only are we confined to a very vague and short info pool, but this also acts as another clear sign of the company’s complete lack of license.
It may be that the website has recently launched, and there is still work to do, but our instincts tell us that this would change nothing. Sunton Capital might be an up-and-coming broker, but it definitely is not regulated, and it never will be, seeing its track record. All investments made in an unregulated broker are at a huge risk of being stolen!
It’s easy to check for a license. Just visit the regulator that supports the brokers, or the one that is allegedly licensing the broker, and check its online registered for the name of the company. Any UK, EU, US, or Aussie-regulated are superb in their own right, although many different, and the user should go first see which one serves her/his needs best. This is the main responsibility of the user. Everything else is covered by the overseer. They abide by legislation, and in turn, all regulated brokers are tightly scrutinized and regularly checked. All such entities follow strict operational guidelines that put the user and her safety as a top priority. It’s also good to know that the UK and CySEC offer client compensation funds that reimburse users of FCA/CySEC-regulated brokers that have gone into insolvency for one reason or another. The FCA guarantees up to £85 000, while CySEC guarantees up to €20 000 per person.