Reported as a scam / unregulated
Why SungerFX is on the register
SungerFX shows on its page that it specialized in forex, index, crude oil, precious metals, futures and other financial derivatives trading for global traders. To be able to offer forex trading service, a broker must get necessary license from financial regulator. Checking its official website, the fraud 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. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. All in all, these means the fraud provides traders with forex trading services but it lacks any kind of regulation. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.