Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com) 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: www.sumofundsmanagement.com.
The platform at Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since last summer of dealing with this, I have had enough.
Pros: Fast execution|Dedicated account manager
Cons: Limited cryptocurrency options
I had high hopes for Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com) while looking for alternatives to my previous provider, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Market news feed|Great customer service
Cons: Withdrawal takes 1-2 business days
Do not be fooled by the professional-looking website. Behind the scenes, Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com) is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Portfolio tracking tools|Instant funding
Cons: Currency conversion fee exists
I had a dispute with Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Easy withdrawals|Stable platform|Economic calendar|Automated trading options
Cons: No integrated tax optimization
Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Two-factor authentication|Dividend tracking|Clear documentation|No hidden fees
Cons: Website design could be more modern|Limited social trading features
The spread at Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a blog post comparing services and initially thought the platform was good - until I started trading seriously.
Pros: Intuitive for beginners|Good mobile app|Two-factor authentication|Clean UI
Cons: Charting tools need more indicators
I requested my data from Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Quick verification|Regular platform improvements|Intuitive for beginners|Portfolio tracking tools
Cons: No phone support on weekends
I gave Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com) a fair chance. After for the past year and a half of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Segregated accounts|Stable platform
Cons: Withdrawal takes 1-2 business days|None so far
Where do I even begin with Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com)? for just over a year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Intuitive for beginners|Wide product range|Portfolio tracking tools|Dividend tracking
Cons: Slow to add new assets