Forex Brokers

Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au)

1.4 (11 reviews)
🇦🇺 Australia
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1.4
11 reviews
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About Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au)

Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) has been flagged by ASIC (Australia) for "Imposter". Phones: 02 7201 5010

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: sumofundsmanagement.com.au.

Customer Reviews

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Scam vibes from the start

C
Connor I.
1 months ago

The platform itself is okay, but the customer service at Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.

Pros: Automated trading options|Quick verification|Smooth onboarding|Clear documentation

Cons: No crypto staking|Wait times can be long during peak hours

Beware of hidden costs

P
Patrick W.
1 months ago

Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

Pros: Portfolio tracking tools|Dedicated account manager

Cons: Alert system is basic

Disgraceful treatment of customers

A
Alice B.
2 months ago

The hidden fees at Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.

Pros: Fast execution|API access|Intuitive for beginners

Cons: Limited ETF selection

Refund request ignored for months

P
Peter V.
2 months ago

I had a dispute with Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) 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: Full transparency|Quick verification

Cons: Wish they had more educational resources

I have filed a complaint

K
Kayla F.
2 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) is disorganized and incompetent. I found them from a review site like this one and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Professional team|API access|Responsive team|Regular updates

Cons: Limited cryptocurrency options

Feeling robbed honestly

O
Owen S.
3 months ago

I referred a friend to Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Clean UI|Competitive fees

Cons: Withdrawal takes 1-2 business days

How are they still in business

J
Joel V.
4 months ago

If you are reading this considering Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over since the beginning of the year has been so bad I feel obligated to warn others. Do not make my mistake.

Pros: Stable platform|Quick verification

Cons: Website design could be more modern

Would not recommend to others

L
Lindsey W.
6 months ago

I joined Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) from a review site like this one 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: Easy to use platform|Professional team

Cons: Cannot customize dashboard fully|No fractional shares

Web platform does not work on Safari

S
Sarah I.
7 months ago

Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Regular updates|Segregated accounts|Fast execution|Easy to use platform

Cons: No crypto staking

No risk warnings whatsoever

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Rebecca M.
7 months ago

I requested my data from Impersonation of Sumo Managed Funds Pty Ltd (sumofundsmanagement.com.au) 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: Great customer service|Full transparency|Reliable uptime

Cons: No integrated tax optimization|Onboarding videos are outdated