Sunprofit is a Contract for Difference (CFD) broker officially registered on January 24, 2024. The broker provides users with numerous trading markets through the ST5 trading platform and its related mobile applications, including foreign exchange, commodities, commodity CFDs, stock index CFDs, and more.
Company Registration Information and Regulatory Status:
According to public information on the official Sunprofit website, it is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities and Investments Commission (ASIC), with license numbers 927552 (FCA) and 500991 (ASIC) respectively.
Upon verification, the official FCA website shows that the business entity with license number 927552 is EBC Financial Group (UK) Ltd, and the official ASIC website shows that the business entity with license number 500991 is EBC FINANCIAL GROUP (AUSTRALIA) PTY LTD. These companies are registered entities of the broker EBC Financial Group and have no relation to Sunprofit.
Account Opening:
To open an account with Sunprofit: visit the official website of the broker, click on “Open Account” in the top right corner of the homepage to access the account registration page. Initially, an email verification is required. Once verified, set up a login password and submit. Upon submission, the account will be successfully registered.
Types of Trading Accounts:
Sunprofit offers two different types of trading accounts: “STD Standard Account” and “PRO Professional Account”.
STD Standard Account:
- Spread: as low as 0.06 pips
- Trading Commission: 0
- Maximum Leverage: 1:500
- Minimum Trade Volume: 0.01
- Maximum Trade Volume: 40
- Minimum Deposit Amount: $200
- Maintenance Margin Level: 30%
- Pending Order Limit: 5
- Hedging: Available
- EA Compatibility: Available
- 24-Hour Online Support on Business Days: Available
- Dedicated Account Manager: Available
- Trading System: Available
PRO Professional Account:
- Spread: as low as 0.0 pips
- Trading Commission: $6 per lot
- Maximum Leverage: 1:500
- Minimum Trade Volume: 0.01
- Maximum Trade Volume: 40
- Minimum Deposit Amount: $5000
- Maintenance Margin Level: 30%
- Pending Order Limit: none
- Hedging: Available
- EA Compatibility: Available
- 24-Hour Online Support on Business Days: Available
- Dedicated Account Manager: Available
- Trading System: Available
Trading Platform:
Sunprofit offers users the ST5 trading platform.
Deposits and Withdrawals:
Sunprofit has not specified on its official website the supported methods of deposits and withdrawals, the fees involved, or the minimum amounts for transactions.
Conclusion:
Traderknows Encyclopedia warns investors that Sunprofit is a scam website operated by the clone broker EBC Financial Group. Traderknows Encyclopedia advises investors to choose brokers with transparent information, strong regulation, and a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows Encyclopedia.
