What is Sucden Financial?
Sucden Financial is an international non-bank FX trading provider and a company that has been working in the finance sector for more than 30 years while headquartered in London. Nonetheless, due to its strong standing and experience in derivatives trading, Sucden Financial retains a regional portfolio whilst supporting subsidiaries in Russia, Hong Kong, and the USA, thereby providing cross-border controlled solutions.
Nonetheless, due to its type of investment, Sucden Financial does not offer personal trading accounts and retains its e-commerce solutions through a range of electronic and clearing executions customized to individual requirements. Those include non-bank FX Prime Brokerage, Institutional eFX Liquidity, FX Options and FX Deliverable.
Trade Instruments
In fact, Sucden Financial Review has revealed that it is a trading member of the London Metal Exchange LME, which also has access to other exchanges, resulting in direct access to foreign markets. There is also broad access to a range of instruments, including trading, OTC and other derivatives, including Forex, Precious Metals, Bonds, Bullion and Futures.
Additionally, these include sugar, coffee, cocoa, ethanol, ocean freight while the company is also active in agriculture and sourcing, processing, logistics, distribution, merchandising, financing, research and risk management.
Is Sucden Financial safe or a scam?
This is the most crucial statement in our Sucden Financial Review, as when choosing a broker, you should always check its regulatory status in simple terms to define whether or not the broker is trustworthy. Serious and reliable brokers should be supervised by the industry authority, preferably through a respected jurisdiction which maintains strict licensing conditions.
Thankfully, Sucden Financial is a controlled broker, which has not only been established in 1973 and has proven its reliability over a long period of service but is also completely approved by the UK FCA. The Financial Conduct Authority is a well-respected regulatory organization with a good oversight of its licensed companies, maintaining consistency between offering and protecting customers in any case.
In addition, Sucden Financial entities in the United States and Hong Kong are both approved and controlled by the NFA and the SFC, thereby providing legal investment in each jurisdiction.
In addition, Sucden Financial ‘s key regulator, the FCA, has developed international standard regulation that also allows cross-border deals between the EEA region and further. In short, as the UK controlled broker Sucden Financial has defined its activities with respect to its customers, it follows strict rules on money processing, segregation and keeps action towards a safe and stable trading climate.
In the event that Sucden Financial or any other business controlled by FCA breaches one of the rules, FCA immediately takes the requisite steps, including the revocation of a license and the ban on its operation, which rarely happens with offshore or unregulated companies, whenever the trading opportunity becomes attractive.
Trading Platform
And so for e-Trading options, Sucden Financial is genuinely providing a comprehensive ability to sustain efficient trading. As well as its electronic execution and clearing, all clients are provided with help from the Sucden Financial LME Floor team and voice brokerage on almost all global markets across their individual requirements.
Looking at trading software and solutions, Sucden includes access to the most appropriate technology for the various tools, including API Solutions, STAR, TT, CQG, Patsystems, SmartTrade, Integral, and Currenex platforms. See the comprehensive table below describing the instrument and the correct medium to be used, which may also be completely incorporated into the leading industry of MetaTrader4, cTrader, FXCubic, Panda, etc.
There is no need for an overview of each technology or software, as each offers targeted access to trading either for the label option or for retail broker clients. Furthermore, each and every platform is a better choice for a specific instrument, so Integral is a genuinely fantastic trading framework for FX and precious metals available with algorithmic features and OCX access.
Fees
Thanks to the financial strength of Sucden Financial and its direct banking relationships, the broker ensures superior FX liquidity aggregation across multiple market participants and hence makes 100% customized solutions for its clients.
Spread
As a result of direct customer exposure, as well as a good position within the financial partnership, Sucden Financial deep liquidity mainstays at tight price offering also the lowest spread. Those involve a tight spread over the same-day, next-day, spot and forward contracts for a wide variety of currencies, futures, options, commodities, and all sorts of instruments.
Leverage
Recalling the Sucden Financial Review and an important trading leverage device, it is set to a higher rate of up to 1:100 for certain Forex instruments and lower for other assets due to the design of the Sucden Financial offering. This leverage level is considered to be high and open only to professionals.
Nevertheless, due to multinational organizations, Sucden Financial has the maximum leverage that can vary from jurisdiction to jurisdiction, again under the authority rules.
Deposit and withdrawal
As far as deposits and withdrawals to and from a trading account are concerned, Sucden Financial primarily uses Bank Wire Transfers because of its flexibility and the best control over transfers.
Minimum deposit
There is no minimum deposit threshold, again due to the personalized solutions offered by Sucden Financial.
Fee for withdrawal
Sucden Financial usually does not charge any deposit or withdrawal fees, although it is often best to check details with the payment provider.
Conclusion
Ultimately, in the Sucden Financial Review, we presented a firm that has a strong reputation, a long history of activity, and a very attractive trading range. Nonetheless, Sucden Financial is an option for companies and professionals, as a broker does not offer individual accounts, so if you are a retailer, check our list of covered Forex brokers.
Being an ECN broker, the company stands for honesty and transparency among its access to a wide variety of trading instruments and truly comprehensive proposals covering almost every market for trading and investment technology. Which is all in all definitely a considerable choice for specified trading needs.
