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From the initial report of the Financial Conduct Authority, the scam business of Sunbird FX.com was repeated in the warning list released by the Forex Peace Army.

According to its website, it is operated and owned by Spring Empire Solutions LTD - 35-37 Ludgate Hill, London, England, EC4M 7 JN and Spring Strategies Ltd. - 3rd floor, C&H Towers, corner of Great Marlborough and Great George St., Roseau, 00152, Commonwealth of Dominica. It caters forex trading and CFD products.

In 2015, FCA, a financial regulatory body in the United Kingdom, claimed that Sunbird FX was unregulated. Firms in the United Kingdom are obliged to acquire an FCA authorization, which the company failed to do.

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Further, Sunbird also received a warning from the Forex Peace Army. The forex broker reviewer released an  FPA Traders Court guilty vote against SunbirdFx. As far as the reports are concerned, Sunbird had a  blackmailing issue and got involved with unethical activities.

Currently, Sunbird is blacklisted by FPA and strongly advises anyone not to do a business with the broker until the issues are resolved accordingly. If you have an existing account with this broker, you had better withdraw before your profit gets forfeited.

All traders are advised to check the broker websites thoroughly before opening an account. For instance, look for the current reviews provided by trusted companies. Also, make sure that the broker operates with an authorization from reputable regulatory bodies.

 

Sources:

http://www.forexbrokerz.com/news/forex-scam-sunbirdfx-fca-uk

http://www.forexpeacearmy.com/forex-reviews/7451/www.sunbirdfx.com

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