Sum Trod / sumtrod.com has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 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.sumtrod.com.
Do not be fooled by the professional-looking website. Behind the scenes, Sum Trod / sumtrod.com is disorganized and incompetent. I found them after doing extensive research and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Regular updates|High security standards|Great customer service|Competitive fees
Cons: Mobile app could be improved
Where do I even begin with Sum Trod / sumtrod.com? for 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: Fast execution|Instant funding|Segregated accounts|Detailed reporting
Cons: Nothing significant
I was contacted by Sum Trod / sumtrod.com through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
After spending for over three years trying to make Sum Trod / sumtrod.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Real-time alerts|Smooth onboarding
Cons: None so far|Email notifications too frequent
Sum Trod / sumtrod.com seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Good analytical tools|Personal attention|Portfolio tracking tools|Instant funding
Cons: Search feature is basic|Wait times can be long during peak hours
Sum Trod / sumtrod.com locked my account without warning and demanded documents I had already submitted. for about five 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: Personal attention|Clear documentation|API access|Real-time alerts
Cons: Alert system is basic
Sum Trod / sumtrod.com 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: No hidden fees|Professional team
Cons: Inactivity fee applies after 12 months
The onboarding at Sum Trod / sumtrod.com was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Intuitive for beginners|Full transparency|Dividend tracking|Great customer service
Cons: Account statements could be more detailed
After since early this year with Sum Trod / sumtrod.com, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Personal attention|Demo account available
Cons: Spreads widen during volatile periods|Would like more payment methods
After since early this year with Sum Trod / sumtrod.com I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Educational resources|Intuitive for beginners|Automated trading options|Economic calendar
Cons: Email notifications too frequent|Currency conversion fee exists