Sunrise Trading Club is an online trading platform offering a variety of trading products including forex, indices, stocks, precious metals, energy, ETFs, and cryptocurrencies.
The platform claims to support trading via cTrader and proprietary software, but when users attempt to download software from the site, they are only redirected to its homepage without actually downloading any trading application. Moreover, investigations indicate that the platform does not have a real corporate entity.
Website Information
The official website of Sunrise Trading Club is sunrisetradingclub.com. According to a Whois lookup, the domain was registered on May 1, 2024.
Trading Products and Accounts
Sunrise Trading Club offers trading products covering forex, stocks, indices, precious metals, energy, ETFs, and cryptocurrencies, totaling over 1,000 trading items. The website displays information about trading accounts as follows:
- Trading Platform: cTrader platform
- Trading Fees:
- Forex, Energy, and Precious Metals: $2.5 per lot per side for every $100,000 traded
- Stocks and ETFs: $1 per 100 shares
- Indices and Cryptocurrencies: No fee
- Spread: As low as 0.0 points
- Leverage: Up to 1:500 for retail clients
- Minimum Trade Size:
- Forex, precious metals, energy, and cryptocurrencies support micro lot trading
- The minimum trade size for stocks and ETFs is 1 lot (1 share)
Trading Rules
The trading account rules provided by the platform are as follows:
- Stop-Loss Level (Margin Call Level): 5%
- No Minimum Deposit Requirement
- One-Click Trading: Supported
- Chart Trading: Supported
- Hedging: Allowed
- Negative Balance Protection: Supported
- Minimum Stop-Loss/Take-Profit Distance: No restriction (0 points)
Order Types and Trading Methods
According to the website, the platform offers the following order types:
- Market Orders, Stop Orders, Limit Orders, Stop-Limit Orders
- Opening Market Orders, Stop-Loss/Take-Profit Orders, Trailing Stop Orders
- One-Cancels-the-Other Orders (OCO), Scheduled Orders, Good Till Day Orders
Supported trading methods include manual trading, copy trading, and automated trading. Users can trade across devices via web, desktop, and mobile platforms. Additionally, Sunrise Trading Club offers a Swap-Free option to accommodate Muslim users who can apply for an Islamic account by completing a swap-free application and providing proof of faith.
Deposit and Withdrawal Methods
Deposit Methods
According to publicly available information, Sunrise Trading Club offers the following deposit methods, all free of charge and processed instantly:
- Visa/MasterCard/Maestro (Supporting EUR, AUD, CAD, CHF, GBP, JPY, PLN, USD, THB)
- Bank Transfer (Supporting EUR, processing time 1-5 business days)
- WebMoney (Supporting EUR, USD)
Note: Additional bank transfer fees may apply. If the deposit/withdrawal process is abused, the platform reserves the right to charge account holders a payment processing fee.
Withdrawal Methods
Withdrawal methods are the same as deposit methods, and withdrawals must be made using the same method as the deposit:
- Visa/MasterCard/Maestro (Processing time within 24 hours)
- Bank Transfer (Minimum withdrawal amount is €20, maximum fee of €60 per withdrawal, fee-free for amounts above €1,000, processing time within 24 hours)
- WebMoney (Processing time within 24 hours)
Special Considerations:
- Withdrawal requests typically take 1-5 business days to process.
- If an account has no trading activity for 90 days or has never been traded, a 5% fee will be deducted upon withdrawal.
- If the deposit/withdrawal process is abused, the platform reserves the right to charge a payment processing fee.
Regulatory Information
Sunrise Trading Club claims on its website to be authorized by multiple financial jurisdictions, including:
- CySEC Regulation (Cyprus)
- Regulating Authority: Cyprus Securities and Exchange Commission (CySEC)
- License Number: 138/11
- FSA SC Regulation (Seychelles)
- Regulating Authority: Financial Services Authority Seychelles (FSA)
- License Number: SD037
- US SEC Regulation
- Brand owned by FINLEY FINANCIAL, LLC
- Regulated by the United States Securities and Exchange Commission (SEC)
- License Number: 801-110657
However, investigation reveals that the claimed CySEC license (138/11) and FSA SC license (SD037) actually belong to the broker TopFX, while the CRD # 131442/SEC#:801-110657 is registered to FINLEY FINANCIAL, LLC, with no affiliation to Sunrise Trading Club Limited.
Agency Policy and Educational Resources
The Sunrise Trading Club website does not provide any cooperative agency policy. Its trading educational resources are limited to a few market news entries dated 2020, which are outdated.
Company Address and Business Information
Sunrise Trading Club claims its company operates from 1709 NE 27th St #B, McMinnville, but this address's authenticity is questionable. Additionally, the website does not publish company member information, nor can any employee information be found online.
Website Traffic and Template
Data from the well-known web analytics platform Semrush indicates that sunrisetradingclub.com has fewer than 100 monthly visits, indicating almost no use of the platform. Furthermore, the platform uses the same website template as several companies suspected of scams, such as Pulse Bkr, Stellar Pioneer Incorporated, and Hinteck, suggesting these are mass-produced sites.
User Reviews and Brand Exposure
No user reviews or news reports about Sunrise Trading Club are available online.
Contact Information and Social Media
The contact information provided on the official website includes:
- Phone: +15163086423
- Email: [email protected]
However, the platform does not have official accounts on mainstream social media platforms like LinkedIn, Facebook, Instagram, Twitter, or YouTube.
Risk Report
Based on the information presented above, the main risk factors for Sunrise Trading Club are as follows:
- Uncertain Corporate Entity: The platform has no real company entity supporting it as per investigations.
- Dubious Regulatory Information: The licenses claimed on the website do not match the actual information, suggesting possible misleading claims.
- Questionable Trading Software: The platform's downlink for proprietary trading software is non-functional, indicating potential fraud risks.
- Lack of Transparency: The company address and management team details are not disclosed, making its legitimacy hard to verify.
- Lack of User Feedback: No user reviews or news stories are found online, which affects trustworthiness.
- Very Low Website Traffic: As per Semrush data, the platform has extremely low usage with fewer than 100 monthly visits.
- Possible Links to Scam Platforms: The website shares templates with other suspicious platforms, increasing its dubiousness.
In light of these risks, potential investors are advised to conduct thorough research before using this platform to ensure the safety of their funds.