Sunnextrade has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I signed up with Sunnextrade after comparing multiple platforms and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Risk management tools|Excellent charting|Two-factor authentication|Fast deposits
Cons: Minor UI glitches occasionally
I lost a significant amount because Sunnextrade did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Risk management tools|Personal attention|Reliable uptime
Cons: No dark mode on mobile|Withdrawal takes 1-2 business days
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Sunnextrade recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Wide product range|Stable platform|Smooth onboarding
Cons: Withdrawal takes 1-2 business days
What really bothers me about Sunnextrade is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: Copy trading available|Tax reports included|Clear documentation
Cons: Some tools only available on higher tiers
I closed a profitable position at Sunnextrade and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Copy trading available|Professional team|Risk management tools
Cons: Cannot customize dashboard fully|No integrated tax optimization
The platform itself is okay, but the customer service at Sunnextrade 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: Helpful community forum|Easy to use platform|Professional team|Multiple order types
Cons: Nothing significant
The only good thing about Sunnextrade is that they remind you why regulation matters. I found them through a podcast recommendation. 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: Customizable dashboard|Economic calendar
Cons: Wait times can be long during peak hours
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Sunnextrade is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
Do not be fooled by the professional-looking website. Behind the scenes, Sunnextrade is disorganized and incompetent. I found them when my bank disappointed me and I searched for alternatives and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Instant funding|Customizable dashboard|No hidden fees|Professional team
Cons: Limited demo account features|None so far
After since I retired last year with Sunnextrade 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: Helpful community forum|Good analytical tools|Clean UI
Cons: Slow to add new assets|Inactivity fee applies after 12 months