Note: Regrettably, the official website of Sunway, namely http://www.sunwaygold.com/, is currently experiencing functionality issues.
What is Sunway？
Sunway Trading Group Limited, also known as Sunway Bullion, is a professional precious metals investment institution that is authorized by CGSE. Sunway Bullion's main focus is on London gold, London silver, and Hong Kong gold spot precious metals investment.
In addition to being a member of the CGSE, Sunway Bullion is also part of the Standard Gold Group. This membership allows them to cast Sunway branded thousand-foot gold bars, making them one of the few gold dealers with licensed gold casting rights.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros of Sunway:
- Regulated by the Chinese Gold and Silver Exchange Society (CGSE): This indicates that Sunway operates within the framework set by a recognized regulatory authority, providing a level of assurance to traders.
- Phone and email support available: The availability of customer support channels suggests that Sunway is committed to addressing the needs and concerns of its clients.
Cons of Sunway:
- Inaccessible website: The fact that Sunway's official website is inaccessible raises concerns about the reliability and accessibility of their trading platform.
- Non-transparent trading conditions: Lack of transparency in trading conditions makes it difficult for traders to make informed decisions and understand the risks involved due to inaccessible website.
- Limited availability of deposit methods and variations: Only online and bank transfer supported, restricted options for deposit methods and variations will limit convenience and flexibility for traders.
- No social media presence: The absence of a presence on social media platforms adds the difficulty for traders to stay updated on news and developments related to Sunway.
Is Sunway Safe or Scam？
Sunway Trading Group Limited, known as Sunway Bullion, operates under the regulation of the Chinese Gold and Silver Exchange Society (CGSE) with a Type B License (License No. 057). The CGSE is responsible for facilitating the exchange and related services of precious metals, such as gold and silver, among its members.
However, there are concerns about the reliability of Sunway Bullion's trading platform due to the inaccessibility of their official website. If you are considering investing with Sunway, it is crucial to conduct thorough research and carefully evaluate the potential risks compared to the potential rewards before making any final decisions. In general, it is advisable to select brokers that are properly regulated to ensure the safety of your funds.
Services & Products
Sunway, a company related to the trading of precious metals, offers a range of services and products to investors and traders. These include:
London Gold Trading Contracts:
Sunway facilitates transactions for different contract sizes, such as 100 ounces, 10 ounces, 5,000 ounces, and 500 ounces, allowing investors to trade gold on the London market.
RMB Kilobar Contracts:
Sunway provides RMB kilobar contracts, which enable investors to trade gold in kilobar units denominated in Chinese Renminbi.
HK$999.9 Gold Contracts:
Sunway offers contracts for 100 taels of HK$999.9 gold. This allows investors to trade and invest in high purity gold contracts denominated in Hong Kong dollars.
HK$1 Local Silver Contracts:
Sunway also provides contracts for 15 kilograms of HK$1 local silver. These contracts enable investors to trade and invest in silver contracts denominated in Hong Kong dollars.
Investment Gold Bars:
Sunway offers two main varieties of investment gold bars, namely five-kilo bars and two-and-one-kilo bars. These gold bars have a purity of 999, indicating their high quality and value.
Spreads & Commissions
Sunway, a precious metal trading company, offers competitive spreads and commissions to cater to traders and investors interested in precious metals. Their normal spreads for trading are relatively low, with Hong Kong Gold and Spot Gold having a spread of US$0.5, and Spot Silver having a spread of US$0.04.
Trading Platforms
Sunway Bullion offers two trading platforms for its clients: the Sunway Java computer trading system and the mobile trading system. These platforms provide clients with convenient and efficient ways to trade and manage their investments.
The Sunway Java computer trading system is a robust and feature-rich platform designed for professional traders. It provides a comprehensive set of tools and features that enable clients to execute trades, analyze market data, monitor real-time prices, and manage their investment portfolios.
In addition to the computer trading system, Sunway Bullion also offers a mobile trading system for clients who prefer to trade on-the-go. This platform is compatible with both iOS and Android devices, allowing clients to access their investment accounts anytime, anywhere.
Deposits & Withdrawals
Sunway Bullion provides convenient and accessible options for clients to deposit funds into their investment accounts. Clients can choose between two deposit methods: online deposits and bank deposits.
Online deposits offer a hassle-free option for clients to deposit funds to their investment accounts quickly and securely. Alternatively, clients can also fund their investment accounts through bank deposits. Clients will need to initiate a transfer from their bank account to Sunway Bullion's designated bank account.
For withdrawals, however, due to the inacceessible website, there are no ways to learn the exact methods to withdraw the funds. Traders can directly contact the company and learn about the funding methods.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +852 97559592
Email: service@sunwaygold.com
hongkongsunwaygold@hotmail.com
Address: Flat A & B, 19/F, Admiralty Commercial Building, 17 Hennessy Road, Wan Chai, Hong Kong
Conclusion
In conclusion, Sunway is a company authorized by the CGSE, specializing in precious metals investments. They offer many products. While their credibility is supported by their memberships and licensing, concerns about website accessibility should prompt potential investors to contact Sunway Bullion directly for more details and additional business information. It is recommended to reach out to Sunway Bullion directly for the most accurate and up-to-date information regarding their services, regulations, and safety measures.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
