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Forex

Sunbird FX Sunbird Forex Review

SunbirdFX Review and Rating, Sunbird Forex Broker

RATING: 2 / 0 REVIEWS
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Sunbird FX execution and slippage

0.59 pips

 

Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be. 

 
Our slippage data about SunbirdFX is sampled by 10 of the most popular forex trading strategies in Zulutrade.com.
0.20 pips

Sunbird FX slippage with Kama-spot trading strategy

Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF

Average profit:                14.0 pips
Average trade lifespan:  19 hours
Most traded pairs:               EUR/USD, GBP/USD and USD/CHF

 

0.02 pips

Sunbird FX slippage with Saved FX trading strategy

Average profit:                  16.0 pips

Average trade lifespan:    1 day

Most traded pairs:                 EUR/USD, GBP/USD, USD/CHF
0.41 pips

Sunbird FX slippage with Qurenix trading strategy

Average profit:                  9.0 pips

Average trade lifespan:  5 hours

Most traded pairs:             EUR/USD
0.30 pips

Sunbird FX slippage with Forex Cruise Control trading strategy

Average pips/trade:           5.0

Average trade lifespan:   18 hours

Most traded pairs:              GBP/USD
0.18 pips

Sunbird FX slippage with For333 trading strategy

Average pips/trade:           12.0

Average trade lifespan:   15 hours

Most traded pairs:              GBP/USD, EUR/USD, AUD/USD
1.22 pips

Sunbird FX slippage with Azar Consulting trading strategy

Average profit:                   28.0 pips

Average trade lifespan:   3 days

Most traded pairs:               EUR/USD
0.07 pips

Sunbird FX slippage with The Best Player trading strategy

Average profit:                  22.0 pips

Average trade lifespan:   13 hours

Most traded pairs:               EUR/USD
0.00 pips

Sunbird FX slippage with Xiaolidao trading strategy

Average pips/trade:           9.0 pips

Average trade lifespan:   1 day

Most traded pairs:               EUR/USD
1.45 pips

Sunbird FX slippage with Youron trading strategy

Average profit:                  9.0 pips

Average trade lifespan:   11 hours

Most traded pairs:               EUR/USD, GBP/USD
2.06 pips

Sunbird FX slippage with Duanxian(GBP\USD) trading strategy

Average profit:                      10.0 pips

Average trade lifespan:      1 days
 
Most traded pairs:                   EUR/USD, NZD/USD, GBP/USD

Trading Accounts & Conditions

 

Account type   Minimum deposit  Minimum trade size Maximum leverage Average Spreads
Standard $100 0.01 1:300 1.6 pips
Pro $5000 0.01 1:300 from 0.7 pips

 

Clients of SunbirdFX are offered a choice of several account types, all of which are said to offer NDD environment, micro tradeable lots, variable spreads and leverage up to 1:300. Managed Accounts, as well as Islamic (swipe-free) ones are also available.

 

While a minimum initial deposit of $100 is reasonable, the average spreads of SunbirdFX on the Standard account are above the average range of 1.0 – 1.5 pips on EUR/USD. Trading costs are lower on the Pro (ECN) account, however, we would not advise you to invest $5000 with this broker, as it is registered offshore.

 

The Company. Security of Funds

 

Company

Country

Regulation

Spring Strategies Ltd.

Commonwealth of Dominica

N/A

 

SunbirdFX is a forex and CFD broker that uses the most common trading platform in the industry – the MetaTrader 4. According to the broker’s website, the company that owns and operates the brand is Spring Strategies Ltd. – a firm registered in the Commonwealth of Dominica. 

 

Dominica is an offshore destination where some international banking regulations apply to all companies operating out of it, however, forex brokers are currently not regulated.

 

Doing business with unregulated (offshore) broker is extremely risky. That is why we advise traders to avoid such brokers and to select among brokers licensed by the respective authorities in the UK, or Australia for example.

 

Besides, the famous forexpeacearmy site (FPA) claims that SunbirdFX  is blacklisted as a scam broker. So, you’d better stay away from it.

 

Trading Platforms

 

SunbirdFX offers its customers an array of trading platforms: the famous MetaTrader 4 (MT4) platform, available as desktop, web and mobile versions.

 

Besides, the broker enables it clients to fully automate their trading by mirroring the trades of expert traders via Signal Trader.

 

Bonuses & Rebates

At the time of writing of this review, SunbirdFX offers its clients 50% on-deposit welcome bonus.

 

Methods of Payment

 

SunbirdFX offers its clients the following payments methods: bank wire transfer, credit/debit cards, Qiwi, WebMoney, Moneta Ru, CashU, Neteller and more.

 

Conclusion

 

SunbirdFX is an offshore brokerage that claims to offer pure NDD trading environment on the MT4 platform. Our main concern with this broker is the fact that it is not regulated and is likely a scam. Here are, in a nutshell, the advantages and disadvantages of SunbirdFX:

 

Pros  Cons
MT4 available     Not regulated and likely a scam

           

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Cyprus CySEC in-house mobile
app
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Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for Sunbird FX

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