The 2016 SunbirdFX CySEC warning was issued in December 2016, after which the broker ended in CySEC's exhaustive Investment Caution list. Is SunbirdFX a reliable Forex broker?
The 2016 SunbirdFX CySEC warning was issued in December 2016, after which the broker ended in CySEC’s exhaustive Investment Caution list. Is SunbirdFX a reliable Forex broker?
Sunbird FX facilitates forex and CFDs services to traders online. The broker offers its trading services through the MT4 platform, providing over 200 tradable instruments.
AMF and FCA also warned against SunbirdFX
Traders have to be extra cautious with this Forex broker. Since the French and UK regulators, have both included SunbirdFX in its warning list. In January 2015, the AMF decided to include SunbirdFX in its exhaustive warning list as well. Meanwhile, the FCA added SunbirdFX to its warning list in October 2015.
2016 SunbirdFX CySEC warning
Following the previous warnings of the AMF and the FCA, in December 2016 CySEC also added the broker to its warning list. According to the Cypriot regulator, the domain of the broker is not registered as a Cyprus Investment Firm (CIF). Hence, SunbirdFX is not allowed to offer its services to traders in Cyprus.
Lastly, to attain more information about the SunbirdFX FCA warning, look up here the original warning against SunbirdFX.