Sunbird FX Sunbird Forex Review

RATING: 2 / 0 REVIEWS

Find Better Forex Broker

Sunbird FX execution and slippage

0.59 pips

Compare »

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

Latest news about Sunbird FX

Forex Scam: FCA UK warns of unregulated forex broker SunbirdFX Oct 23 2015 14:19:45
SunbirdFX Secures 30 Days of Risk-Free Forex Trading Nov 22 2013 08:13:55
All About Sunbird's New Year Bonus Jan 18 2013 15:50:11

Broker	Advantages
	FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
	easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.
	HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip
	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

	Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus	CySec	MT4, MT5, Web	$5	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web	$100	Review Website
	UK, Cyprus, Hong Kong	FCA, CySEC, SFC	MT4, Web, PrimeTrader	$100	Review Website
	UK, Cyprus	FCA, CySec	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Australia, Singapore	FCA, ASIC, MAS, BaFin	MT4, Web, ProRealTime, 2Dealer	$0	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus	CySec	MT4, Web, Gwasy	$100	Review Website
	Belize	IFSC	MT4, MT5, Web	$1	Review Website
	Cyprus	CySEC	in-house mobile app	$50	Review Website
	Seychelles	FinaCom	MT4	$10	Review Website