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Sucden Financial Review

  • Regulated by: Financial Conduct Authority
  • Safety: segregates client funds
  • Trust Rating: B
Open Sucden's Website

Losses can exceed deposits. Your capital is at risk.

Sucden Financial one way: Forex.

To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, Sucden Financial offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 114239 ). Sucden Financial puts all client funds in a segregated bank account and uses tier-1 banks for this. Sucden Financial have been established since 1973, and have a head office in UK.

Before we dive into some of the more detailed aspects of Sucden Financial’s spreads, fees, platforms and trading features, you may want to open Sucden Financial‘s website in a new tab by clicking the button below in order to see the latest information directly from Sucden Financial.

Open a demo account Visit Sucden

Full disclosure: We may receive a commission if you sign up with a broker using one of our links. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.

Sucden Financial screenshot

PROS

  • Segeregates client funds
  • Established in 1973
  • Regulated by Financial Conduct Authority
  • Min. deposit from $1

CONS

What are Sucden Financial's spreads & fees?

Like most brokers, Sucden Financial take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum fixed spreads listed on Sucden Financial’s website. The colour bars show how competitive Sucden Financial’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Sucden Financial variable spread is not available. If you believe this is incorrect please fill in our form

Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, Sucden Financial's minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Sucden Financial vs. similar brokers.

See all Spreads
Your capital is at risk.

How much does Sucden Financial charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Sucden Financial at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $N/A. Here’s a rough breakdown of the fees and how this compares against XTB & City Index.

Sucden Financial XTB City Index
Spread from: N/A $2.00 $5.00
Typical overnight fee: N/A $7.94 $20.60
Commission: N/A 0 0
Total cost of a 100k trade: N/A $9.94 $25.6
Visit Sucden Visit XTB Visit City Index

All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Your capital is at risk.

General Fees

  • Sucden Financial does charge inactivity fees
  • Sucden Financial doesn’t charge withdrawal fees*

Commissions

  • Sucden Financial does charge commission on CFD shares

What can you trade with Sucden Financial?

FX / Currencies Sucden XTB City Index
# of forex pairs offered 120 50 84
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Sucden Financial XTB City Index
# of commodities offered 3 0 26
Metals Yes Yes
Energies Yes Yes
Agricultural Yes Yes
Index & Stock CFDs Sucden Financial XTB City Index
# of Stocks offered 0 1500 4500
UK Shares Yes Yes
US Shares Yes Yes
German Shares Yes Yes
Japanese Shares Yes Yes
See Sucden's Instruments See XTB's Instruments See City Index's Instruments
Your capital is at risk.

What’s the Sucden Financial trading experience like?

1) Platforms and apps

Sucden Financial offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Sucden Financial also offer their custom Integral platform.

Sucden Financial Screenshot See Sucden's Platforms

Sucden Financial also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See Sucden's platforms
Your capital is at risk.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Mini account
  • Standard account
  • ECN account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

With Sucden Financial, the minimum and maximum trade requirements vary depending on the trader and the instrument. As Sucden Financial offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that Sucden Financial offers its traders on the right.

Funding methods:

  • Bank Transfer
  • Payoneer

3) Client support

Sucden Financial support a wide range of languages including English, Mandarin, and Russian

Sucden Financial have a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with Sucden Financial

As Sucden Financial is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Sucden Financial’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Sucden Financial you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.sucdenfinancial.com/en on August 23, 2018.