Forex Brokers

Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management)

1.3 (15 reviews)
🇦🇺 Australia
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1.3
15 reviews
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About Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management)

Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) has been flagged by ASIC (Australia) for "Imposter". Phones: 02 7257 8300

Addresses: The Merchant Suite 301 3 Hosking Place Sydney NSW 2000 Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: sumofunds.management.

Customer Reviews

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Stay far far away

R
Robert Y.
1 months ago

The only good thing about Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) is that they remind you why regulation matters. I found them after reading several online reviews. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Personal attention|Great customer service|Portfolio tracking tools

Cons: Live chat only during business hours

Platform freezes when you need it most

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Olivia J.
2 months ago

My withdrawal request from Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.

Pros: Easy to use platform|Social trading features|Quick verification

Cons: Search feature is basic|Limited demo account features

Never again with Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management)

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Aria W.
2 months ago

Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Portfolio tracking tools|No hidden fees|Transparent fees

Cons: Slow to add new assets|Wait times can be long during peak hours

An exercise in frustration

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Rachel C.
2 months ago

I trusted Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Smooth onboarding|Two-factor authentication|Risk management tools|Tax reports included

Cons: Slow to add new assets

Slippage ate my profits

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Liam S.
3 months ago

After using Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) for roughly four months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Intuitive for beginners|Full transparency|Automated trading options|Educational resources

Cons: Limited social trading features

Run the other way

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Lauren N.
3 months ago

I opened an account with Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) for the past year and a half ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.

Pros: Educational resources|Reliable uptime|Dedicated account manager|Portfolio tracking tools

Cons: Minimum deposit could be lower

Commission structure changed retroactively

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Caleb A.
4 months ago

Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

Pros: Fast deposits|Social trading features

Cons: No dark mode on mobile

Lost trust after my experience

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Graham O.
4 months ago

Opened my account with Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) through a podcast recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.

Pros: Smooth onboarding|Real-time alerts

Cons: Search feature is basic|Currency conversion fee exists

Introducing broker lied to me

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Owen O.
5 months ago

Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) locked my account without warning and demanded documents I had already submitted. for about eight months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Real-time alerts|Smooth onboarding

Cons: Account statements could be more detailed

Migration from old platform was a mess

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Helen Z.
5 months ago

I joined Impersonation of Sumo Managed Funds Pty Ltd (sumofunds.management) after seeing their ad online and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.

Pros: Helpful community forum|Portfolio tracking tools|Social trading features

Cons: Desktop app not available on Linux