Beware! Sushi Limited is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
SUSHI Global investing Limited, or Sushi Limited, is a broker. Yes, Sushi is a broker. We never thought that we would utter ever utter these words in a professional environment, but here we are. It is obvious that no legit and professional broker would ever pull such a humourous move on its own brand. These wacky names and slogans are products of completely unlicensed and scammer brokers, of which Sushi Limited is one. This brokerage has as much in common with sushi as it has with legit FX trading.
Unfortunately, the one thing that we hoped for never came to fruition- a proper access granted to our account. The fault lies with the broker, of course, since it never contacted us back with a confirmation mail. But that it not half of it; SushiLimited did not approve our account since we did not provide ID copies.
We, therefore, find ourselves in a conundrum, where we have access to a user area, but no access to the crucial parts of the client portal, namely trading software and payment gateway.
We have no choice but to take all of this information from the website, which we do not trust.
From the site we read that the available markets for trading are forex currency pairs, precious metals, cryptocurrencies, indexes, and commodities futures. The leverage is laughably low at 1:10, and there are no spread values indicated anywhere. Other sections of the site claim the leverage to be up to 1:400, while the minimum spread is at 0 pips. We ask you: how can you trust a broker that contradicts itself at every step of the way?
The website is available in a range of languages: English, Vietnamese, Spanish, Chinese, Japanese, Arabic, Russian, Portuguese, Italian.
SUSHI LIMITED REGULATION AND SAFETY OF FUNDS
After some browsing through the website, we were met with a wall, and therefore conclude that Sushi Limited is completely anonymous. There is no clear address in sight, and to speak of a potential license or address, at this point, can only put us into a state of laughter. We always assert that anonymous brokers are the most dangerous kind.
There are no legal documents. This missing link acts as a warning not to deal with the broker. There are no legal binds to make sure the broker does its job, and therefore Sushi Limited is not legitimized. Users are at a risk with similar brokers since there are no legal grounds on which to step on.
The combination of anonymity and a lack of legal provision create as a result a very dangerous broker, which is certainly a scam! Users will not only be defrauded, but their funds will be even harder to recuperate. Do not invest in this unlicensed broker!
It’s not hard to trace down licensed brokers. For one, you can check out our list of the top regulated UK, EU, US, and Aussie brokers. It goes without saying that investing in brokers that have no license is a risk to your money and personal details. Unlicensed brokers are outlaws, abiding by their own rules, whereas regulated brokers have guidelines by which they are obliged to function, otherwise, they face fines and downgrades. Moreover, the FCA and CySEC offer compensation schemes to all regulated firms The FCA guarantees up to £85 000, while CySEC guarantees up to €20 000 per person.
SUSHI LIMITED TRADING SOFTWARE
We had no way to access a trading software, but that does not mean that the firm does not come with one.
Sushi Limited is equipped with the best software in the market: the MT5. Now, don’t get your hopes up, for the firm is unlicensed and a scam, and not even the MT4 can save it from this sinkhole.
SUSHI LIMITED DEPOSIT/WITHDRAW METHODS AND FEES
It turned out to be a really messy business trying to find payment conditions on the website. Of the limited quantity of info that we did find, it’s safe to say that we cannot make sure it is remotely true.
We find mention on the site that the payment methods range from credit and debit card, UnionPay, to bank trasnfers, to “virtual goods comparison” whatever that means.
There is a $1000 minimum deposit for BTC transactions, and no other info on deposits. Withdrawal details are virtually non-existent.
Sushi Limited is a full-on mess and a scam! Don’t waste your breath on this.
HOW DOES THE SCAM WORK
Online ads are where the whole scammer process starts. Clients are lured by false and misleading scams to the scammer website. In order to fool a user, these ads have to be constantly updated to suit the current trends. There is real thought put behind them!
The first thing that will probably happen upon entering an unregulated broker is that it will want from you all contact information. It will use this to contact the user and start the financial soliciting maneuvers. The broker will try every trick in the book to make a user invest, and many of these tricks are surprisingly effective.
It’s hard to get reimbursed by unlicensed brokers. If it happens, it won’t be due to their fair nature, an attribute that was falsely conceived in order to trick users. Scammer schemes will not voluntarily pay their users back!
WHAT TO DO IF SCAMMED
Try a chargeback with your credit or debit card provider. It’s the safest way to get your money back. Furthermore, MasterCard and VISA have a chargeback period of 540 days.
If scammed through a wire, change your bank account name and pass immediately. Next, try contacting the bank and making a plan with them on a possible way to get your money back.
The hard truth is that all crypto deposits are lost and cannot be recovered.
Never put your money with recovery agents! These are separate fraudsters and will take any money you give them- money that should be exchanged for a promised service of reimbursing your lost investments. Needless to say, the “agents” have scammed you!