Pricing
Sunrate quotes each trade.
No margin is published, so compare its quote with the mid-market rate and with a second provider's quote for the same amount on the same day.
- FX margin
- Not publishedThe site says “near mid-market rate”; fees are shown only inside the account
- Payment and collection fees
- Not published
- Minimums
- Not published
Products
Spot, forwards and orders.
- Collections
- 30+ currencies, local networks in 10+
- Payouts
- 130+ currencies to 190+ countriesSunrate shows as the payer unless the “on behalf of” option is switched on
- Forward contracts
- Yes, with swaps, NDFs and structured forwardsThrough Sunrate Markets Pte. Ltd.
- Target-rate orders
- Yes
- Cards
- Visa and Mastercard, virtual and physical
- Forward contract terms
- Offered
Who it serves
Who Sunrate works with.
- Who it serves
- Importers, exporters, e-commerce sellers and travel companies, especially in Asia and trading with China
- FX use
- Commercial purposes only; speculative or investment FX is not allowed
Your money
Where your money sits.
Virtual sub-accounts on bank accounts Sunrate owns, with a multi-currency balance; its agreement says the bank account does not belong to you
How it is protected
Safeguarded under Singapore's Payment Services Act: held on trust in a segregated account at a safeguarding institution (not named), pooled with other clients' money. No interest, no deposit insurance.
You still need an account
Payments to Sunrate come from your own business account, and conversions are paid back to it or to your suppliers.
Need the account behind your FX? Your profile matches you with providers that take your company.
Find my optionsLicences
The companies behind Sunrate.
MASSunrate Pte. Ltd.
Major payment institution
- MAS
Sunrate Markets Pte. Ltd.
Capital markets services licence (OTC derivatives)
FCASunrate Partners UK Limited
Authorised e-money institution, no. 900942
Customs and Excise DepartmentSunrate Solutions Limited
Money service operator
People's Bank of ChinaSunrate Pay Co., Ltd.
Payment licence, no. Z2027133000012
Opening
Getting started with Sunrate.
- How to open
- Register online as a business; company documents, directors and owners of 25% or more, nature of business; collection accounts are applied for after approval
- Stated time
- Review in 1–3 business days
- Remote
- Yes
- Support
- Email · WhatsApp chat · Account manager · English (Chinese for convenience)
Compare
Other FX providers with forward contracts.
- Amnis0.2–0.4% · forwards offered
- Bound0.25–0.75% · forwards offered
- CaxtonQuoted per trade · forwards up to 12 months
- Clear TreasuryQuoted per trade · forwards up to 12 months
- ConveraQuoted per trade · forwards up to 24 months
- CorpayQuoted per trade · forwards offered
- Currencies DirectQuoted per trade · forwards up to 24 months
- Currency SolutionsQuoted per trade · forwards offered
FAQ
Your questions, answered.
Does Sunrate give my business an account in its own name?
It gives you virtual sub-accounts with local details and a multi-currency balance, but on bank accounts Sunrate owns. Its agreement says you must not present the underlying bank account as yours, which is why Finzil lists it as a payments platform rather than a business account.
Does Sunrate offer FX hedging?
Yes. Sunrate Markets Pte. Ltd., licensed by the Monetary Authority of Singapore, offers forwards, swaps, non-deliverable forwards and structured forwards, plus target-rate orders. Tenors and deposits are not published.
What does Sunrate charge?
It publishes no fees or FX margin; they are shown inside the account after sign-up. Ask for the margin over the mid-market rate in writing before you trade.