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.
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
Average profit: 16.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 5 hours
Average pips/trade: 5.0
Average trade lifespan: 18 hours
Average pips/trade: 12.0
Average trade lifespan: 15 hours
Average profit: 28.0 pips
Average trade lifespan: 3 days
Average profit: 22.0 pips
Average trade lifespan: 13 hours
Average pips/trade: 9.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 11 hours
Average profit: 10.0 pips
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.
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.
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.
SunbirdFX offers its clients the following payments methods: bank wire transfer, credit/debit cards, Qiwi, WebMoney, Moneta Ru, CashU, Neteller and more.
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 |
Broker | Country | Regulation | Platform | Min Deposit | Review |
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Cyprus, UK, Mauritius | CySec, FCA, FSC | MT4, MT5, Web | $10 | Review Website |
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Cyprus, SVG | CySEC | MT5, Web, cTrader |
$100 | Review Website |
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Australia, Cyprus | ASIC, CySEC | MT4, MT5, IRESSTrader |
$100 | Review Website |
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Cyprus, Australia | CySec, ASIC | MT4, MT5 | $5 | Review Website |
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UK, Australia, South Africa | FCA, ASIC, FSCA | MT4, Trading Station, NinjaTrader |
$50 | Review Website |
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UK, Cyprus, UAE, South Africa | FCA, CySEC, DFSA, FSB | MT4, MT5, FxPro Markets, cTrader |
$100 | Review Website |
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Cyprus | CySEC | MT4, MT5, Web | $1 | Review Website |
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Belize | IFSC | MT4, MT5 | $100 | Review Website |
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Cyprus, UK, South Africa, UAE | CySec, FCA, FSCA, DFSA | MT4, MT5, Web | $5 | Review Website |
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Cyprus, UK | CySEC, FCA | MT4, MT5 | $1 | Review Website |
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UK | FCA | MT5 | $5 | Review Website |
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UK | FCA | MT4, Web, MT4 for Mac |
$100 | Review Website |
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Australia, UK | ASIC, FCA | MT4, MT5, cTrader |
$200 | Review Website |
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