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Contract reading

What Sun Long Bullion legally published, but does not want you to read

Every clause below is published by Sun Long Bullion itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: 旭隆金業（香港）有限公司 (Sun Long Bullion (HK) Limited)

sole discretionunilateral amendmenthidden feedeemed acceptancewithdrawalsforum waiverkyc freezecountry restrictiondormancyjoint liability

Sun Long Bullion's client agreement is not on the website the agreement itself names as binding. We found it only behind the sign-up form, on another domain. The contract says you must pay applicable fees, never lists them, and lets the company change them without notice. It also lets Sun Long Bullion deduct up to 30% of a transaction's value from your account at its own discretion, hold your withdrawal with no deadline, and take your profit if it suspects manipulation. You can deposit with no identity check, but you cannot withdraw until the company approves your documents.

Back to Sun Long Bullion

Contract risk

Money at risk
8.2/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
8
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
16
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
11
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
4

How the 16 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical8
Warning6
Notice2

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 2 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical30%Fee you were not shown. Jump to the clause this comes from.Up to 30% of a trade can be taken from your accountCritical$9000Account limit. Jump to the clause this comes from.Weekend margin tripled, and you owe any shortfall with interest

What the documents say

16 clauses worth knowing about, worst first, each quoted from Sun Long Bullion's own files

01

The contract you are bound by is not on slgold88.com. Sun Long Bullion's risk disclosure says the client agreement on its website settles every quote and every trade. The agreement defines that website as slgold88.com, which publishes only a disclaimer and a risk warning. We found the agreement behind the sign-up form, on a different company domain.

Why this matters

The agreement says a new version binds you as soon as Sun Long Bullion puts it on that website. Nothing has to be sent to you. A document that has never appeared there can be replaced without you ever seeing either version.

Exhibit 1CriticalHarder than usual

所有報價及交易買賣均以本公司網站中的客戶協議書上，列明之條款及條件作準。
Quoted in 風險披露聲明 (Risk Disclosure Statement), p.2
Read from the broker's site on Open the reference
  • Worse together with Exhibit 3Fees can change without notice under a contract you cannot find, so neither the charge nor the wording that allows it is visible to you.
02

Sun Long Bullion can hold back or deduct money from your account at what the contract calls its sole and absolute discretion. The cap is 30% of the total transaction amount, plus any other sum a foreign tax authority asks for, plus the charges arising from the deduction itself.

Why this matters

The same clause says Sun Long Bullion is not responsible for any loss this causes you. You agreed to the deduction and you cannot claim the money back from the company.

Exhibit 2CriticalHarder than usual30%

閣下同意並授權 SL 可享有唯一及絕對的酌情權，從閣下的帳戶中，預扣或扣除任何款項（可高達總交易金額的 30% 及 / 或由國稅局不時要求的其他金額），以及收取任何由該預扣款項所衍生的費用。
Clause 14 in 客戶協議書 (Client Agreement), p.7
Read from the broker's site on Open the reference

What it costsOn a $10,000 transaction the clause allows $3,000 to be held back from your account, before the deduction's own charges are added.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must tell a retail client the costs and charges of a service before they trade. This contract sets no schedule for the amount, no trigger the client can check, and no route to recover it.

Sun Long Bullion is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

03

Sun Long Bullion reserves the right to hold back your withdrawal until a problem is resolved. No clause says who decides it is resolved, or by when. The client agreement has no withdrawal section at all: no timetable, no minimum, no method and no fee.

Why this matters

The only thing the contract says about getting your money out is that the company can stop it. You have no deadline to hold Sun Long Bullion to, and no stated grounds to challenge a hold.

Exhibit 5CriticalHarder than usual

我們保留扣起提款的權利直至以上的問題能夠解決。
Clause 10.1 in 客戶協議書 (Client Agreement), p.5
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA and ASIC must pay a client's money out promptly on request and must hold it apart from their own. This contract sets no payment deadline and says nothing about where your money sits.

Sun Long Bullion is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 6One clause lets the company hold a withdrawal, and the sign-up rules stop you making one until it approves your documents.
04

Sun Long Bullion does not ask for identity documents when you open the account. You get a trading account on submitting a form and you can fund it. Before you can withdraw anything, you must upload your ID and bank card and wait for the company to approve them.

Why this matters

Your money goes in before anyone checks who you are, and the check stands between you and getting it back out. No clause sets a deadline for that review, and the withdrawal function stays locked until it passes.

Exhibit 6CriticalHarder than usual

客户开户时，不需要递交身份证及银行卡扫描件或照片，但是客户在首次出金之前需登入客户中心，递交身份证及银行卡扫描件或照片并且补足相应账户资讯后保存。
Clause 注意事項 4 in 開戶指南 (Account Opening Guide)
Read from the broker's site on Open the reference
Our own capture of slgold88.com, taken on Sep 22, 2026No identity check to deposit, full check to withdraw (clause 注意事項 4)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA and ASIC must identify a client when the relationship starts, before taking their money. This broker reverses the order and puts the check at the exit instead of the entrance.

Sun Long Bullion is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
At sign-upYou get a trading account with no ID required, and can pay money in.注意事項 4
Before any withdrawalYou must upload your ID card and bank card and complete your account details.注意事項 4
Company reviewYou wait for Sun Long Bullion to approve. No deadline is stated.注意事項 5
After approvalOnly then does the withdrawal function become available to you.注意事項 5
05

If Sun Long Bullion suspects your account of manipulating its prices, execution or platform, it can investigate and deduct the profit that activity earned. Suspicion is the trigger. The contract does not define manipulation, and it settles any dispute about it at its own absolute discretion.

Why this matters

Profit you have already made can be removed from your balance while the company decides, with no test you can point to and no appeal above it. The clause does stop at the profit from the activity, so your deposit is not exposed.

Exhibit 4CriticalHarder than usual

若我們懷疑任何賬戶從事操控，本公司保留對賬戶進行調查及審核等的相關權利，並從涉嫌賬戶中扣除由相關活動所賺取的盈利款項。
Clause 12 in 客戶協議書 (Client Agreement), p.6
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must handle a client complaint through a defined procedure and give access to an independent scheme. This contract makes the company the last word on the disputes its own deduction creates.

Sun Long Bullion is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 5The company can hold your withdrawal while it investigates the same suspicion it raised.
06

The fees clause says you must pay the applicable fees. No document sets out what they are. Sun Long Bullion can change them without telling you, and the reasons it gives itself include wanting to change its pricing structure for commercial reasons.

Why this matters

You cannot check a charge against a price list, because there is no price list. The application clause also says material on the website is not part of your agreement, so the rates shown there do not bind the company.

Exhibit 3CriticalHarder than usual

閣下必須向我們支付適用的費用。
Clause 6.1 in 客戶協議書 (Client Agreement), p.3
Read from the broker's site on Open the reference
Our own capture of slgold88.com, taken on Sep 22, 2026The claim, on Risk statement in the footer of every page on slgold88.comVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before they trade, and in good time. This contract creates an open obligation to pay, with the amounts set later and changed without notice.

Sun Long Bullion is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 8The one place the trading costs are actually published is the same website the contract excludes from your agreement.

The agreement that binds you lives somewhere you were never sent

Sun Long Bullion's risk disclosure says the client agreement on its website settles every quote and every trade. That agreement defines the website as slgold88.com, and slgold88.com does not carry it. We found the document behind the sign-up form on another company domain. The same agreement lets a new version bind you the moment it is posted there, and lets the company raise the margin on your open positions at any time.

Contract control2 clauses flagged

Sun Long Bullion raised the weekend and holiday margin on gold from $3,000 to $9,000 a lot in early 2026, three weeks after setting the $3,000 figure. The trading guide says the company can change the margin level at any time. Positions are closed out at a margin level of 100%.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

If your account cannot meet a raised requirement, Sun Long Bullion closes your positions. The risk disclosure then makes you responsible for whatever is still owed, plus interest on it. There is no protection stopping your account going below zero.

Exhibit 7CriticalHarder than usual$9000

周末及节假日保证金由 USD 3,000 / 标准手 调整为 USD 9,000 / 标准手
Quoted in 關於調整周末及節假日貴金屬交易保證金要求的公告 (Announcement on weekend and holiday margin requirements)
Read from the broker's site on Open the reference
Our own capture of slgold88.com, taken on Sep 22, 2026Weekend margin tripled, and you owe any shortfall with interestVisit this page on the broker's siteDownload the full size image file

What it costsTwo gold lots held over a weekend needed $6,000 in margin before the change and $18,000 after it.

Set against a regulated standard: FCA (UK), ESMA (EU)

Firms licensed by the FCA and under ESMA rules must give retail clients negative balance protection, so an account cannot fall below zero. This contract makes you liable for the shortfall and the interest that runs on it.

Sun Long Bullion is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Margin raisedSun Long Bullion sets a new weekend requirement per gold lot, by announcement.2026-01-30 公告
Margin level 100%The stop out ratio stays at 100%, so positions close as soon as equity meets the requirement.2026-01-30 公告
Forced closeYour open contracts are closed out if you do not add funds in the time set.風險聲明
After the closeYou remain responsible for the amount still owed and the interest on it.風險聲明

Sun Long Bullion can end the agreement on 7 days notice for no stated reason, or immediately and without notice to protect its own interests. It can also hand its obligations to you over to any other person on seven business days notice. You cannot transfer anything without its consent.

Why this matters

The company you deposited with can be replaced by one you did not choose, and you have a week's warning at most. Your own side of the same right does not exist.

Exhibit 15NoticeStandard wording7 days

於違約事件發生後，或為保障我們的權益即時終止而不另行通知閣下。
Clause 16.4 in 客戶協議書 (Client Agreement), p.9
Read from the broker's site on Open the reference

Entering the website is treated as giving up your claims

Sun Long Bullion's disclaimer says that on entering the website, every user releases the company, its related companies and their directors, officers, staff and agents from any claim over loss. Clause 10.3 of the client agreement makes anyone holding your trading password an authorised person, binding on you in terms the contract calls irrebuttable. No document sets out a complaints procedure or names an independent scheme.

Right to complain2 clauses flagged

Any person who can give Sun Long Bullion your trading password is treated as authorised, and the contract says that binding on you cannot be overturned. You carry the whole risk of the password being stolen and you compensate the company for anything that follows.

Why this matters

Trades placed by a thief are your trades, and you cannot dispute them. The same password opens the client centre, where bank details and withdrawals are handled.

Exhibit 11CriticalHarder than usual

任何人士如能向我們提供該交易帳戶的交易密碼，此人士將被視為已授權並對客戶具有不可推翻的約束力。
Clause 10.3 in 客戶協議書 (Client Agreement), p.5
Read from the broker's site on Open the reference
  • Worse together with Exhibit 12One clause makes the unauthorised trade yours, the other releases the company from the claim you would bring about it.

The disclaimer says that on entering the website, every user releases Sun Long Bullion, all its related companies and their directors, officers, staff and agents from any claim over loss or its consequences. Opening the page is the only act required.

Why this matters

The company treats a browser visit as your agreement to give up claims against people you have never dealt with. You are asked to release the staff and agents personally, not the firm alone.

Exhibit 12WarningRarely seen

進入本網頁後，每個使用者將對旭隆及其所有有關公司及其個別董事、高級人員、職員、代理人的責任，免除任何索償及有關損失、虧損或後果的任何程式。
Quoted in 免責聲明 (Disclaimer), p.2
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give retail clients a complaints procedure and access to an independent scheme. These documents set out no complaints route at all.

Sun Long Bullion is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingWebsite disclaimers usually limit the site owner's liability for the site's content. This one is drafted as a release of claims by every visitor, extended to related companies and named individuals, and triggered by entry rather than by opening an account.

You agree to pay fees that no Sun Long Bullion document sets out

Clause 6.1 of the Sun Long Bullion client agreement says you must pay the applicable fees, and no document says what they are. Clause 6.2 lets the company change them without notice, including for commercial reasons. Clause 14 allows up to 30% of a transaction's value to be deducted from your account at sole discretion. The spread, the overnight charge and the margin all changed during 2026 through posts in the news section, and clause 2.2 says website material is not part of your agreement.

Cost disclosure3 clauses flagged

Sun Long Bullion stopped trying to hold a fixed spread on precious metals, effective from the day it published the notice. The spread is the gap between the buy and sell price, and it is your main trading cost. The notice sits in the news section, not in any legal document.

Why this matters

Your cost per trade now moves with the market and the company can widen it. The same notice says the price on your screen may differ from the price you actually get.

Exhibit 8WarningHarder than usual

自本公告发布之日起，贵金属产品不再尽力维持固定点差机制，改为基于真实可执行流动性的动态报价模式。
Quoted in 關於貴金屬產品點差機制調整的公告 (Announcement on adjustment of the precious metals spread mechanism)
Read from the broker's site on Open the reference

Holding a gold position overnight cost $36 a lot from December 2025. Six weeks later Sun Long Bullion set it at $58. Both changes arrived as announcements in the news section, and both say the rate that actually applies is whatever the trading platform shows at the time.

Why this matters

A cost you cannot look up in any contract rose by more than half in six weeks. Your position is charged at the platform's live figure, which the company sets.

Exhibit 9WarningHarder than usual$58

实际费率以交易系统实时显示为准。
Quoted in 2025年12月1日貴金屬倉息（Swap）調整通知 (Notice on precious metals overnight swap adjustment)
Read from the broker's site on Open the reference

What it costsHolding one gold lot for ten nights costs $580 at the new rate, against $360 at the rate set six weeks earlier.

  • Same clause as Exhibit 3The fees clause creates the duty to pay, and these notices are where the amount actually appears.

Storage on physical gold costs HK$40 an ounce a month, and any part of a month is charged as a whole month. If you miss your collection appointment, the charge starts the next day. Sun Long Bullion can change these fees without telling you first.

Why this matters

Being one day late collecting a bar costs you a full month of storage on every ounce of it. Once you sign for the metal there are no returns and no exchanges.

Exhibit 14WarningHarder than usual

仓储保管费：每月40港币/盎司，不足一个月以一个月计，于实际交收时结清支付
Quoted in 實金買賣 (Physical Gold Trading, terms and fees)
Read from the broker's site on Open the reference

What it costsA ten ounce bar costs HK$400 for a month of storage. Collecting it one day into the second month costs another HK$400.

Suspicion is the whole test before your profit is taken

Clause 12 lets Sun Long Bullion deduct the profits from an account it suspects of manipulating prices, execution or the platform. The word is suspects, the term is undefined, and the company resolves any resulting dispute at its absolute discretion. The deduction does stop at the profit from that activity, so the deposit stays yours. Clause 15 separately lets the company demand a guarantor who cannot revoke the guarantee or recover from you.

Balance deductions1 clause flagged

Sun Long Bullion can require a guarantor for your obligations, chosen at its absolute discretion. That person guarantees your debts unconditionally and cannot withdraw the guarantee. They also give up the right to claim the money back from you while anything is still owed.

Why this matters

Someone close to you can become liable for your trading losses. The guarantee survives changes to the contract they never saw, and it stays in force after your account closes.

Exhibit 10WarningRarely seen

在任何其它情況下，由我們絕對酌情決定所要求的一名擔保人擔保。
Clause 15.1(b) in 客戶協議書 (Client Agreement), p.7
Read from the broker's site on Open the reference

Our readingA personal guarantee with a waiver of the guarantor's right of recovery is a commercial lending device. In a retail bullion account it means a third party's own money answers for your losses, on terms they cannot revoke.

Hong Kong law governs, and the contract claims to come first

Clause 18 of the Sun Long Bullion client agreement puts the contract under Hong Kong law and the non exclusive jurisdiction of Hong Kong courts, with mediation before arbitration. That much is ordinary. Clause 19.11 then says the agreement prevails where it conflicts with any law, and clause 19.14 excludes present or future legislation that would alter your obligations to the company's disadvantage.

Governing law1 clause flagged

Where the client agreement conflicts with any law, the agreement says the agreement wins. A second clause excludes any present or future legislation that would change your obligations in a way that harms Sun Long Bullion's rights or remedies.

Why this matters

A protection Hong Kong law gives you is written out of your contract before you ever rely on it. Both clauses add that this applies only so far as the law permits, which is the part that decides the outcome.

Exhibit 13WarningRarely seen

在法律允許的範圍內，如客戶協定與任何法律不一致，則以客戶協定為准。
Clause 19.11 in 客戶協議書 (Client Agreement), p.11
Read from the broker's site on Open the reference

Our readingContracts commonly say an invalid clause is severed from the rest. Declaring that the agreement prevails over inconsistent law, and excluding future legislation by name, reverses the usual order between a contract and the statute above it.

No financial regulator is named in anything Sun Long Bullion publishes

Sun Long Bullion describes itself as member 157 of the Chinese Gold and Silver Exchange Society, a Hong Kong trade association for bullion dealers, and the privacy policy names that body as the requirement it follows. No document names a financial regulator, states that client money is held separately, or names a compensation scheme. Clause 5.1 defines your account as a record of advice the company keeps.

Who holds your money1 clause flagged

The only supervisory body named anywhere in these documents is the Chinese Gold and Silver Exchange Society, a Hong Kong trade association for bullion dealers. No document names a financial regulator. None says your money is held apart from the company's own, and none names a compensation scheme.

Why this matters

If Sun Long Bullion fails, nothing in what it publishes tells you your balance would be treated as yours. The contract even defines your account as a record of advice the company keeps, not as a holding of your money.

Exhibit 16NoticeStandard wording

遵守香港法例、監管規定及金銀業貿易場的要求
Clause 3 in 私隱政策聲明 (Privacy Policy Statement), p.1
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA and ASIC must keep client money in separate accounts from their own and say so. These documents make no segregation statement, and the deposit page directs your payment into accounts in the company's name.

Sun Long Bullion is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The advantages page promises your funds are safe, while the risk disclosure makes you liable for a shortfall and interest after a forced close.

Said in public, in Chinese

资金安全保障

Word for word in English: Security of funds guaranteed

First of the six advantages listed on the Sun Long Bullion advantages page

In the contract

客戶可能被要求，需要實時存入額外的保證金款額。如客戶未能在所定的時間內存入所需的款額，客戶的未平倉合約可能會遭「強制平倉」。客戶將仍須對因而產生的欠數金額及利息負責。

02

The about page says the firm may do nothing that could harm client interests, while the disclaimer strips visitors of the claims they would bring if it did.

Said in public, in Chinese

作为注册交易商，旭隆金业必须遵守全面的财务申报制度，不得进行任何有可能损害客户利益的行为。

Word for word in English: As a registered dealer, Sun Long Bullion must comply with a full financial reporting system and must not engage in any act that may harm the interests of clients.

Company vision section of the about page

In the contract

進入本網頁後，每個使用者將對旭隆及其所有有關公司及其個別董事、高級人員、職員、代理人的責任，免除任何索償及有關損失、虧損或後果的任何程式。

03

The footer sends you to website documents for your protection, and the contract says website documents are not part of your agreement.

Said in public, in Chinese

您应该考虑您是否参与我们的目标市场确定（TMD），并阅读我们的金融服务指南（FSG）、产品揭露声明（PDS）、客户协议、风险揭露以及我们网站上发布的其他相关法律文件

Word for word in English: You should consider whether you fall within our target market determination (TMD), and read our financial services guide (FSG), product disclosure statement (PDS), client agreement, risk disclosure and the other relevant legal documents published on our website

Risk statement in the footer of every page on slgold88.com

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of slgold88.com

In the contract · clause 2.2

可能有其它披露檔（包括我們的網站）解釋我們與閣下交易之基礎，但並非客戶協定的一部分。

04

The advantages page promises authoritative regulation under a financial licence, while the only supervisory body the documents name is a bullion trade association.

Said in public, in Chinese

金融牌照权威监管

Word for word in English: Authoritative regulation under a financial licence

Last of the six advantages listed on the Sun Long Bullion advantages page

In the contract · clause 3

遵守香港法例、監管規定及金銀業貿易場的要求

The documents this reading is based on

11 files, all published by Sun Long Bullion. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Sun Long Bullion publishes.

How this reading was done

Every clause above was read out of a document Sun Long Bullion publishes itself

This reading was published on .

Documents
11 of 11downloaded from the broker's site, and 11 read in full
Pages opened
44pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded, 2 identical to the copy we hold by fingerprint
Marketing pages
8public pages set against what the contract says

Who the contract is with

旭隆金業（香港）有限公司 (Sun Long Bullion (HK) Limited)

Three different names appear across the documents for the company you contract with. The website and the sign-up portal say 旭隆金业（香港）有限公司, in English Sun Long Bullion （HK）Limited. The client agreement calls it 旭隆金業 throughout and shortens it to SL. The privacy policy names 旭隆金業有限公司, without 香港 in it. The about page gives company registration number 2681547 and says the firm is member 157 of the Chinese Gold and Silver Exchange Society, a Hong Kong trade body for bullion dealers. No document names a financial regulator, and no document says your money is held separately from the company's own. The deposit page asks you to pay into bank accounts held in the company's name.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The privacy policy is the best document here, and it is genuinely good. It is specific, recent and readable. It states plainly that Sun Long Bullion will never sell or rent your personal data, gives a 7 year retention basis, and lists your rights to see and correct what it holds. Most bullion dealers publish nothing this clear. The client agreement also keeps a real carve out: clause 9.4 does not excuse the company's own breach, negligence or wilful default. Clause 12 caps a profit deduction at the profit from the suspected activity, so your deposit stays yours. The trading parameter changes did come with warning: the January margin notice gave five days, and the weekend margin notice gave a week.

We read all four of Sun Long Bullion's legal documents end to end: the disclaimer, the risk disclosure, the client agreement and the privacy policy. Only the first two are published on slgold88.com. We reached the client agreement and the privacy policy through the account sign-up form, which links them on a separate company domain, and we read both on the company's own Hong Kong site. Every quotation credited to those two comes from there. We could not open slgoldi.com, the address the sign-up form points at, on any attempt. No earlier copy of the client agreement or the privacy policy exists anywhere, so we had nothing to compare those two against. We did not review the client portal behind the login, so any terms shown only to account holders are outside this reading.

How to check any of this yourself

Every quote above links to the Sun Long Bullion file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Sun Long Bullion publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Sun Long Bullion on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 22, 2026.

If you represent Sun Long Bullion and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Sun Long Bullion. Whether its licence is real and current is a separate check on the broker profile.

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