SunbirdFx Forex Review

By Published On: 02/06/2011 22 Comments Read More »

Leverage100:1
Minimum Deposit$100
Minimum Transaction Size1000 or 0.01 lot
Broker TypeECN/STP
Deposit methodsBank WIRE, Credit Card, CashU, Ukash
Commissions$5.5 per lot (100,000) upon entry and $5.5 upon exit
RegulationN/A
Trading PlatformMT4, MT5, G-Pro, Mobile Trading, Auto Trading, Currenex
RestrictionsUS 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.

SunbirdFx » Open Account

About the Author:

ForexPromos Editorial Team is comprised of a selection of hand picked editors that bring you the latest breaking news from the financial markets. We also provide forex educative articles as well as comprehensive fx broker reviews.

22 Comments on "SunbirdFx Forex Review"

  1. Steven Becket says:

    As the Account Manger of Dat, Steven Becket, I can confirm that the withdrawal was executed on the same day that it was requested on January 17th. Unfortunately I cannot upload an image with the confirmation, but it was already sent to the customer.

  2. Dat says:

    I had been trading with SunBird Fx since July 2011.
    At first, this broker was very good. stable server, quick deposit funds and withdrawal… Withdrawal of funds was executed by the next business day, I had been able to confirm it within 10 days.
    But now, after 3 weeks passed from my withdrawal request, I can’t confirm withdrawal yet. Until I confirm it. I will continue to update this review.

    • Editorial Team says:

      Hi Dat.. Thanks for bringing this to our attention. As mentioned via email, we have informed SunbirdFx about this. You will be updated accordingly.

      • Dat says:

        I got information needed for the investigation for whereabouts of the funds.
        Thanks to ForexPromos Team.

      • Dat says:

        I contacted my credit card company again. But I still could not confirm the refund.
        my credit card company is investigating this issue.
        I will keep you informed of our progress.

  3. Dara says:

    I just downloaded the iphone app and i am more happy than ever ! great broker and service is awesome !

  4. Victor Marte says:

    I had been trading with this broker for a few months and I feel very happy with them. They offer a very personalized service and fast answers to my emails and phone calls. In my personal opinion I think this is a reliable Broker.

  5. michaele says:

    I just open my account after trading in demo for a few months, it is true that there is no re quotes nor dealing desk. I havent withdrawal but i hope to do it soon and see how it goes.

  6. max says:

    I am trading with sunbird and i am very satisfied with their platforms, service , almost no slippage and no requotes.. a lot of things they offer and they are quite good..

  7. tinna says:

    they are scam. They trick me. I only closed 2 orders to add as my profit and what they do is they closed all my orders so i cant make profit. UNFAIR! I don’t trust sunbird fx anymore.

    • Roger says:

      Hello Tinna,

      My Name is roger and I am a Vice president at Sunbird.
      The Internet is a great tool but it has it’s disadvantages, such as competitors that want to blacken our name.
      What you describe here at this post is something that is the opposite of Sunbird’s spirit and culture. I urge you to put your account here at this forum and to prove your words.
      Sunbird aims to change the face of forex industry and that is something some of the companies who wants to keep abusing their clients do not like.

      If you want to realy test us, open a smallest account and see for yourselves.

      Thank you
      Roger

      • ForexPromos-Admin says:

        Hi Roger,

        You are quite right in what you state. While most comments are legit some are made just as a smear campaign. We will be making changes soon to our system so as to validate a visitor’s comments to prove that they are legit account holders with the broker they comment upon. For now, i’d give tinna the benefit of doubt whilst at the same time give details on their sunbirdfx account to validate the claims. Tinna can email info@forexpromos.com or contact sunbirdfx support directly in this regards.

  8. steven beckett says:

    Hello,

    As an employee of several companies, i would like to tell you that i am proud to work here at Sunbird FX, there are no such brokers these days unfortunately. My loyalty is first of all to my clients: no re-quotes!!lowest slippage in the market-proven, very good service, ECN-STP, and yes, the spreads are varying, but if you do not wish to manipulate the platform there should not be any problem as the banks open the spread according to supply and demand and news..so it is fine with me, if i know i am entering a hot trade, nothing will stop me. Besides, 24 -48 hour withdrawal is something i have never seen from the inside!!
    No other place to trade with but Sunbird!!
    As of platform freezing, it is very rare, and what to do, since we are dealing with technology this happens here and there, but you will never loose money because of that!!

    Trading with Sunbird will save you 100′s if not 1,000′s of $ a month, test us

  9. Ral says:

    I traded with sunbird for some months. They freeze their platform during major news release and do all play all sorts of tricks that makes it impossible to make money with them. Each time i complain they say it was due to a server blah blah blah.. They asked me to send the ticket numbers, but eventually do nothing about it. I have withdrawn the rest of my money and moved to another broker..

  10. Prema says:

    As someone who does not have any background in forex trading, do you have an on-line training manual to educate those wanting to invest in this business though you.
    Thanks

  11. FXGuy says:

    Yup their deals look very nice. The spreads are a bit high but there are no re-quotes or dropouts.. They already have MT5 so I think they’re promising.

  12. Joey says:

    As a long time forex trader, I am impressed with Sunbirdfx: Been addicted to trading Gold since 2008 and tried Sunbird last January. I have already withdrawn twice (under the guidance of a representative) and each time, received my money quite quickly. Impressed with their service thus far, will keep trading here.

    • admin says:

      Hello Joey,

      How would you rate them on the rebates aspect of it? They’re presently offering rebates on Gold. Were the rebates of any help?

      • Joey says:

        The rebate are great (if only they were unlimited :) ), I also must mention that I have never got a re-quote and have always received responses to my emails.

  13. sidahmed tahraoui douma says:

    I trade with them”Sunbirdfx.com” from some time now and all I can say is that they are a good broker. Their services and client support are excellent so definitely not a scam. I agree that “Sunbirdfx.com” is the broker to watch for 2011; Good broker.

  14. Sam says:

    I am impressed with the service Sunbirdfx provides. The multitude of trading platforms, grade-A customer service, and the ease of use are just a few of the reasons why I am more than satisfied trading with Sunbirdfx.

  15. Jonathan Daniels says:

    An easy to navigate site, Sunbirdfx.com is user friendly. Offering a large variety of resources including analytical tools, trading platforms , it is a great platform for all backgrounds of trade experience and expertise: Great for beginners with their demo account option and interactive webinars and online courses. Exceptional customer service, helpful responses in a timely fashion, I am impressed by Sunbirdfx professionalism. I highly recommend trading with Sunbirdfx as your broker

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