Sungerfx Review: Scam Broker, Plus how to Recover your Money

Sungerfx.com is not a legitimate Forex and CFDs broker. The website is just a representation of a phony brokerage with no track record of making clients happy. Even with the best trading systems and signals, there’s no way you’re going to make it with SungerFX. This is because the only track record they have is that which depict them as a deadly fraud that lures unsuspecting victims using the intrigues of love and romance. A guy named Paul is running the scam and lying to prospective victims that he is a wealthy investor of Sungerfx. He claims to live in Oslo, Norway. Claims to own a home in Chicago too and a bodyguard whom he pays $80,000 per year.

The scammer is a saddist but “brilliant” person at the same time. He “predicted” that Bitcoin would not surpass $100,000 in 2021. But he is also emotionally unstable as he threatens sucide if unsuspecting victims “refuse his love”. And his target is always female victims. Remember that the scam is executed only when a victim falls in love and agrees to open a supposed trading account at Sungerfx. A deposit would soon follow — and more deposits.

Sungerfx Review: Sweet Liars are hiding here

My effort to bust the scam artists at Sungerfx.com yielded much fruit than I expected. For example, they claim that Sunger FX is licensed by the FCA. This supposedly means that they are based out of the UK.

Fortunately, it’s so easy to verify. As you can see, the FCA register says they have never authorized SungerFX to provide financial services in the UK. This is one example out of the many lies that the scam broker is peddling around to appear legitimate.

Now, the website of the scam broker is so basic. No terms and conditions page can be found anywhere. This is one of the many red flags that should warn you not to give them your money.

The “company” only has one email address. I don’t know how this is supposed to work because a decent Forex and CFDs broker usually serves their clients using multiple official company email addresses.

What’s inside the trading platform of SungerFX?

There is no MT5 trading platform anywhere on this fraudulent trading platform. Keep in mind that these guys are even talking of an MT5 trading server. They are basically lying.

There is no demo for those who want to test their skills simply because SungerFX is a scam like Investous.

I signed up and could not even find evidence of a proper trading platform. The broker does not provide information about spreads. So we don’t know the cost involved in trading with this broker.

I only saw that the broker is offering a maximum leverage of up to 1:800. No information on minimum deposit.

In their marketing materials, they claim to offer standard and ECN account. My question is how can a scam site offer true ECN trading when their primary target is to literally steal all your deposit? Makes no sense.

What to do if you have been scammed by SungerFX

It is possible that the scam site is widespread on the internet and people are losing their investment here and there.

My advice is that if you have fallen into their trap and you cannot live with the loss, you should fill out the form at the beginning of this review or use the live chat at the bottom of this blog.

A professional will get back to you. What you discuss is free of charge. No upfront obligations.

The Conclusion

SungerFX is a scam broker. They lack the features that professional brokers offer their customers. I could not find a demo account and neither a MetaQuotes software was offered.

The front-end of the website is there to trap victims as all the information they give cannot be found on the dashboard of the platform.

Moreover, we all hate the uncouth behavior of Paul (maybe this is a fake name). “Paul” is a skilled scam artist and he is probably the owner of Sunger FX. Keep off the scam!