ANSWER SungerFX is not legit and should be avoided at all events. SungerFX claims to have regulatory licenses from FCA, CySEC and ASIC. However, there is no regulatory information about SungerFX can be found when we searched with its name on these three regulators' website. So currently SungerFX is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend traders to stay away from unregulated brokers like SungerFX and trade with licensed brokers.
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