SunbirdFx Forex Review
|Minimum Transaction Size||1000 or 0.01 lot|
|Deposit methods||Bank WIRE, Credit Card, CashU, Ukash|
|Commissions||$5.5 per lot (100,000) upon entry and $5.5 upon exit|
|Trading Platform||MT4, MT5, G-Pro, Mobile Trading, Auto Trading, Currenex|
|Restrictions||US Traders not allowed|
SunbirdFx is the newest forex broker to be out in the markets. Operating since 2005, SunbirdFx is a platform best suited for the more serious traders. The Sunbird Forex trading platform is built using the MetaQuotes trading technology and offers the revolutionary MT4 and MT5 trading platforms. Making use of the Currenex technology, forex traders at SunbirdFx can trade directly with the interBank platform.
An interesting point to note about Sunbird Forex broker is their build your own automated strategy feature. Forex traders can contact SunbirdFx R&D department that gives you access to the right analysts and mathematicians to help and assits traders to create their own personalized forex trading strategy tools. What is impressive about this feature is that not many forex brokers offer this level of support, as clearly noticed with SunbirdFx.
The staff at SunbirdFx consists entirely of forex traders and professionals that have the right knowledge, expertise and reputation within the forex industry. SunbirdFx has a clear objective to be the leader in the forex markets, especially in regards to integrity, credibility, performance and innovative technology.
For new or beginner forex traders, Sunbird Forex broker offers detailed guides for trading forex in general and using the SunbirdFx various trading platforms. This easy-to-understand resources are quite helpful for new forex traders get a firm grip into the world of forex trading.
SunbirdFx has offices registered in Singapore, UK, Hongkong, Canada and Australia and offers customer support in over 13 languages.
Sunbird Forex Broker Spreads and Margins
Sunbird income is derived, as with any company dealing with an ECN system, purely from transaction commissions which are always displayed on every executed transaction. This commission is at $5.5 per lot (100,000) upon entry and $5.5 upon exit, for a total of $11 for each transaction valued at 100,000 pro-rata, i.e. a transaction cost for 0.1 of a lot (10,000) would be $1.1.
In order to secure its clients liquidity from risk exposure, margin requirements are placed accordingly. SunbirdFx offers up to 100:1 leverage.
Trading platforms with SunbirdFx
SunbirdFx offers a variety of trading platforms suitable for different kinds of traders. They offer:
- MT4 and MT5 trading platform
- Mobile Trading platform for traders on the go
- SunbirdFx ECN STP Forex Platform for professional and institutional traders
- Sunbird MoneyManager platform for money managers
- Sunbird Automatic Trading systems for investors
- and white label solutions
The minimum transaction size is 1000 or 0.001 lot
Getting started with SunbirdFx
Creating an account with SunbirdFx is very straightforward and intuitive. The first step of registration involves entering your first and last name, email address and selecting the type of account you wish to use. Upon completion of this form, the second step involves filling in more details such as gender, address, date of birth and trading experience details. The final step involves a confirmation of your details.
You are obliged to print out the form in the final step and fax or email the documents to SunbirdFx in order to verify your account. You are then given your username and login details.
Design your forex desktop
This is one of the innovative tools offered by SunbirdFx that allows traders to design their account interface page with a list of tools including:
- Pip Calculator
- Accounts Info
- Pivot Calculator
- Fibonacci Calculator
- Currency Quotes
- Deal size calculator
- Live Charts
- Economic Calculator
SunbirdFx – Types of accounts
Traders can choose from the following types of accounts at SunbirdFx
- Mini account (minimum $100 deposit)
- Standard account ($1000 and above)
- Gold account ($5000 and above)
- Pro account ($10,000 and above)
- Islamic/Swap-Free accounts
Deposits & Withdrawals at SunbirdFx
SunbirdFx offers various deposit methods through credit card including, Visa/Mastercard/American Express/Carte Blanche/Diners Club/Discover/JCB/Laser/Maestro/Novus/Solo/Visa Delta/Visa Electron
Professional forex trading with SunbirdFx
The SunbirdFx servers are hosted with DedicatedNow, one of the industry leaders in hosting critical forex servers to provide the best real-time experience.
Expert Adviser operators – based on our experience, and that of traders who operate expert advisers over a long time, we recommend that expert advisers be run on a dedicated server, rather than on your home PC, risking power outage, internet disconnection etc.
As part of the service, the Dedicated Now server farm provides warranty against power or internet failure. Traders using trading methods which require fast execution, such as: scalpers, high-frequency traders or news traders. By locating your server at the Dedicated Now server farm, the ping from your server to Sunbird’s would range between 0-1 ms, and from your server to interbank system servers – between 1-5 ms.
Why trade forex with SunbirdFx
One of the fastest growing forex broker within a short span of time. Option to use EA’s, scalping. SunbirdFx offers various types of forex trading platforms including money managers. Good customer support.
Although some forex traders prefer to stick to trading with established forex broker, there are an equal number of forex traders who prefer the accessibility that is offered by smaller forex brokers. Despite being relatively new, SunbirdFx has been operating on a small scale for quite a while. Having recently expanded to cater to Forex traders worldwide, SunbirdFx has indeed caught the attention of the forex traders. If you are a type of forex trader that is looking for a personal touch offered by a smaller forex broker, then SunbirdFx may be just the forex broker for you.