Sucden Financial Forex Trade Platform and Broker Review

Sucden Financial Forex Trade Platform and Broker Review

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Sucden Broker Review

Sucden Financial is a multi-asset Forex broker and investment platform that differentiates itself by offering flexible solutions to a variety of different traders. 

Sucden Financial was established in 1973 and is headquartered in London with main offices in Moscow, Hong Kong, and New York, employing up to 5000 people across these offices. 

Is Sucden Financial Regulated?

Yes, Sucden Financial Limited is authorized and regulated by the Financial Conduct Authority.

According to the official website, Sucden Financial is under regulation providing licensed investment and broker services within the UK as well as under the directives of the Markets in Financial Instruments Directive (MiFID) in the EU.

Sucden Financial’s regulations guarantee high-level client protection measures, including the storing of client funds in segregated accounts with top-tier banks to prevent any potential financial mismanagement. 

Is Sucden Financial Regulated in the United States?

No, Sucden Financial is not regulated in Virginia or any other US state. 

Is Sucden Financial Regulated in Europe?

No, Sucden Financial is not regulated in Europe. However, the broker is regulated by the Financial Conduct Authority (FCA) in the UK, which operates under the auspices of the Markets in Financial Instruments Directive (MiFID) in the EU.

Is Sucden Financial regulated in a Tier-1 Jurisdiction?

According to the Sucden Financial website, Sucden Financial is regulated under the Tier-1 jurisdiction. 

This gives the broker a licensed mandate to operate in one or more of the following countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is Sucden Financial regulated in Tier-2 Jurisdiction?

According to the official Sucden Financial sources, Sucden Financial is not regulated under Tier-2 jurisdiction. 

Tier-2 jurisdiction involves licensed operations in specific countries, namely the British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in Sucden Financial?

Sucden Financial offers traders access to its proprietary Star trading platform, which is an advanced software offering designed to cater to the trading and investment needs of financial institutions, corporates, and brokers.

  1. The Star trading platform from Sucden Financial utilizes high-availability clusters across multiple data centers, and is specially optimized for data compression and dedicated high-speed communication lines for maximum resilience.

Sucden Financial continuously updates and enhances the platform using feedback from both its execution teams and clients, making the software user-friendly and customizable with advanced features and risk controls.

The desktop system works seamlessly with the broker’s Android and iOS mobile trading apps, allowing users to monitor and rapidly react to market movements, even remotely.  

Does Sucden Financial Have a News Blog for Forex News?

Yes. Sucden Financial has a free news blog available on its official website. The official blog can be accessed from the dedicated Newsroom section on the broker’s website. The blog offers all the latest updates and events from markets around the world. 

Does Sucden Financial Have a Traders Dashboard?

No, Sucden Financial does not have a Traders Dashboard. This is a centralized area on some broker’s websites that brings together different data streams relating to currency price fluctuations and market movements. 

Does Sucden Financial Have an Educational Section?

No, Sucden Financial does not provide an educational system. This is due to the fact that the broker positions itself more towards institutions, corporations, and other brokers as clients, rather than beginner retail traders.

What is the content of Sucden Financial Forex Education?

Sucden Financial does not provide any Forex Education. However, traders can make use of the Newsroom on the broker’s website in order to follow regularly updated fundamental market analysis. 

Is Sucden Financial Legit?

Yes, Sucden Financial is a legit Forex Broker and Trade Platform. Sucden Financial has an FCA legal certificate to perform Forex Broker and trading services.

Is Sucden Financial Safe?

Sucden Financial is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated in the United Kingdom by the Financial Conduct Authority (FCA), which also operates under the auspices of the MiFID in Europe. 

Sucden Financial participates in the Financial Services Compensation Scheme (FSCS), which is the UK's statutory Deposit insurance and investors’ compensation scheme for customers of authorized financial services firms. 

This FSCS will cover Sucden Financial in the case of broker insolvency, while Sucden also stores client deposits in secure segregated accounts with top-tier banks. 

Is Sucden Financial a Good Broker?

Yes. According to the Forex Suggest review, for security, and trading speed, Sucden Financial is a good broker. 

  1. In terms of trading speed, Sucden Financial uses a variety of advanced third-party plugins across its software offering that provide ultra-fast execution and institution-grade connectivity. 
  2. In terms of security, Sucden Financial uses advanced data encryption software and provides important client protection measures in terms of its regulatory compliance.  
  3. In terms of online support, Sucden Financial has the drawback of not offering a live chat option to connect clients to its support team in real-time. The broker does provide a contact form via its website, and a telephone number.  
  4. In terms of cryptocurrencies, Sucden Financial does not provide clients with access to cryptocurrencies.

What is the Offering of Investment in Sucden Financial?

Offerings of Sucden Financial can be found below.

Feature Sucden Financial
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) No
Social Trading  No

Does Sucden Financial have Nasdaq?

Yes, Sucden Financial offers traders the option of trading stocks with the Nasdaq 100 Stock Index. The Nasdaq is an American electronic stock exchange that lists the stocks of the biggest companies in the world. 

What are the Awards of Sucden Financial?

According to the official sources and Forex Trading platforms, Sucden Financial does not have any awards listed on its website to date. 

How to Use Sucden Financial for Forex trading?

To use Sucden Financial, a forex trader should have the necessities below:

  1. A copy of their identification documents
  2. They should be 18 years or older
  3. They should be able a broker, institution or corporation

If a Forex Trader has the conditions above, they can open a forex trading account to use Sucden Financial. 

How to open a Forex trading account with Sucden Financial?

To open a Forex Trading account with Sucden Financial, a trader should follow the steps below.

  1. Potential clients should contact the Sucden Financial customer support team to request a trading account
  2. Sucden Financial will supply the client with the necessary documents, which must be completed and submitted
  3. Sucden Financial will assess and verify the registration documents
  4. Upon approval of your submission, a member of the client support team will contact you in order to finalise the setting up of your account. 

What are the Forex Trader Account Types with Sucden Financial?

Forex Trading Platform and Financial Asset Management Institution Sucden Financial has 3 different account types. Every Forex trading account type has different features and conditions with Sucden Financial. 

Sucden Financial Account Types are listed below. 

  1. Financial Institutional Account

  2. Corporate Account

  3. Broker Account

  • Financial Institutional Account

The Financial Institutional Account from Sucden Financial is designed to cater to a wide range of financial institutions, both as clients and as counterparties. This includes banks, proprietary trading firms, hedge funds, pension funds, and asset managers. 

The broker can customize solutions for execution and clearing, sourcing liquidity, or providing prime brokerage services.

  • Corporate Account

The Corporate Account from Sucden Financial integrates the broker’s evolved solutions and services to meet a wide variety of the needs of large corporations, taking care to fully understand their aims and objectives. 

The broker’s long-term corporate clients take comfort from the broker’s capabilities, financial strength, and stability, together with the support of the broker’s dedicated account managers and customer support team. 

  • Broker Account

The Broker Account from Sucden Financial provides brokers with flexible, tailored solutions across its markets. 

Using this account, brokers can tap into Sucden Financial’s FX liquidity, utilize its market access to meet their hedging requirements for execution or clearing solutions, or look to work with Sucden Financial as a counterparty.

How to Withdraw Money from Sucden Financial?

To withdraw money from Sucden Financial, the following should be done:

  • Contact the broker’s support team directly
  • Stipulate the amount of funds you wish to withdraw
  • The Accounts department will review and approve your withdrawal request

How many days do deposits take with Sucden Financial?

Deposit times with Sucden Financial can take between one and five working days to clear, depending on the location of your bank and the number of intermediary banks required for international transfers. 

What are the costs and fees with Sucden Financial?

According to the official sources and the broker’s website, Sucden Financial does not divulge any information regarding its official fee structure, such as its spreads, commissions, and/or swaps. 

A Forex Fee is one which will be charged to the client in return for the broker’s services, and will typically consist of commissions, spreads and swaps. 

Commissions are charged on round trades; spreads are the difference between the bid and ask price, and swaps are interest accrued on positions held open overnight. 

What are the Trading Fees with Sucden Financial?

According to the official sources, Sucden Financial does not divulge any information regarding its fee structure. This is likely due to the fact that the broker offers highly tailored services to institutional investors and other brokers, rather than to private retail traders. 

What is the minimum deposit in Sucden Financial?

Sucden Financial does not provide a minimum deposit amount. Each client will have different trading conditions depending on the parameters of their particular broker account. 

What are the contract specifications in Sucden Financial?

Feature Sucden Financial
Forex Trading Yes
CFDs 3
Forex Pairs 70+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 0
Social Trading  Yes

Does Sucden Financial have promotional offers?

No, Sucden Financial does not provide promotional offers or bonuses to its new or existing clients. 

This is because the broker's regulatory restricts it from offering any type of promotions, and also because Sucden Financial focuses on institutional clients rather than retail traders.  

Does Sucden Financial have a welcome bonus?

No, Sucden Financial does not offer a welcome bonus. 

However, Sucden Financial provides a variety of electronic execution and clearing solutions, customized to a client's individual requirements.

Sucden Financial’s APIs allow users to connect to its electronic trading architecture using proprietary as well as industry-standard FIX messaging protocols. Added to this, the broker also supports multiple ISVs and white labeling across numerous platforms.

Does Sucden Financial have a deposit bonus?

No, Sucden Financial does not offer a welcome bonus.  This is due to the fact that Sucden Financial’s regulators restrict the broker from offering a deposit bonus, while the broker does not cater to retail traders.  

Is there a commission-free trade bonus in Sucden Financial?

No, Sucden Financial does not offer a commission-free trade bonus. The broker does however provide tailored account solutions to institutional and corporate clients, and other brokers. 

Is there a VIP bonus in Sucden Financial?

No, Sucden Financial does not offer a VIP bonus. Sucden Financial does not offer a VIP trading account but has tailored solutions for high net-worth institutions.  

Can you start trading with no money at Sucden Financial?

No, you cannot start trading with no money at Sucden Financial. This is because Sucden Financial does not offer any deposit bonus, therefore traders will need to deposit their own funds when opening a Trader Account.

How does leverage work with Sucden Financial?

Leverage consists of funds lent by a broker to its clients in order to allow them to open larger positions than they would have been able to use their own deposited investments. 

Traders can use leverage with Sucden Financial by applying it to their account managers in order to set their required leverage ratio. Sucden offers a maximum leverage ratio of 1:100.  

Where are the headquarters of Sucden Financial?

Sucden Financial is headquartered in London, the United Kingdom. Sucden Financial also has main offices in Moscow, Hong Kong, and New York.

Who is Sucden Financial’s CEO?

The CEO of Sucden Financial is Michael Overlander. He has worked for the Sucden Group since 1973 and has an established career on the London Metal Exchange (LME). 

What are the social media accounts of Sucden Financial?

Traders can follow Sucden Financial on the following social media accounts:

  • Twitter
  • Instagram

How many employees do work for Sucden Financial?

According to Wikipedia, Sucden Financial has up to 5000 employees.

What are the opinions about Sucden Financial?

Sucden Financial provides an exceptionally advanced trading environment with tailored trading conditions for institutional and corporate clients, as well as other brokers. 

This includes broad-reaching proprietary trading software, although Sucden Financial’s asset portfolio consists of a rather limited offering. Sucden Financial does not cater to private retail traders and investors.  

What are Sucden Financial Contests?

Sucden Financial does not run any kind of Forex Trading Contests. Forex Contests can be performed for brokers who offer them to traders to profit on contest winnings. 

Sucden Financial didn't perform any Forex Contest in the past. For future forex exchange contests and competitions, Sucden Financial didn't perform any official announcements yet.

Does Sucden Financial have online support?

No, Sucden Financial does not have an online support team for Forex trade account users. The broker can be contacted at its offices via email or telephone.  

Does Sucden Financial offer demo accounts for Forex trading?

According to the official sources and the broker’s website, Sucden Financial does not offer a demo account to new traders. 

Does Sucden Financial have a mobile app for Forex trading?

Yes, Sucden Financial offers the Star Mobile App.  

This is an innovative application that seamlessly integrates the functionality of the Star desktop technology. 

Users will have access to real-time trade and position monitoring, order management, and execution, as well as numerous alerts and signals in order to react quickly to market developments. 

Does Sucden Financial publish an economic calendar?

An economic calendar consists of all the most important upcoming market announcements and events that will impact currency prices in the near to long term. Using this resource, traders can remain abreast of such developments and respond accordingly. 

Sucden Financial does not provide traders with an economic calendar. 

What is the communication information of Sucden Financial?

Sucden Financial has four telephone numbers and four local addresses. 

Sucden Financial’s main telephone number is: +44 (0)20 3207 5000

Sucden Financial’s main local address is: Plantation Place South
60 Great Tower Street, EC3R 5AZ, United Kingdom

Alternate phone numbers are:

Moscow: +7 495 796 96 40

Hong Kong: +852 3665 6000

New York: +1 212 859 0296