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Sunbirdfx broker was founded in 2005, located at 20-22 Wenlock Road, London, N1 7G. Sunbird is a Forex and CFD broker and a no dealing desk (NDD) broker where traders will connect directly with international banks through an ECN for the most effective price feed regardless of account size. Sunbirdfx offers Gold, Oil, Silver and CFDs assets along with FX trading. Sunbirdfx gives its traders a selection of three different trading accounts each with either variable or ECN spreads with welcome bonuses.
According to the broker’s website, the company that owns and operates the brand is Spring Strategies Ltd – a firm registered in Dominica. Dominica is an offshore destination where a few international banking regulations apply and where forex brokers are still not regulated.
The Financial Conduct Authority (FCA), the financial regulatory body in the United Kingdom, has issued a warning against SunbirdFX.
Almost all firms and individuals offering, promoting or selling financial services or products in the UK, have to be authorised by FCA. However, some firms operate without FCA authorisation and some knowingly run scams. And there are several complaints registered against Sunbirdfx regarding poor customer services and withdrawal issues. Therefore, the FCA strongly advise all traders to only deal with regulated forex brokers, authorised by reputable regulatory bodies like CySec, FCA or CFTC/NFA
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