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Sucden Financial Account Types

Sucden Financial_Account Types

 

Overall Rating

4.5/5

Rated #60 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

FCA

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

120

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Sucden Financial provides three different account types, namely the Corporate account, the Companies account and the Deliverable Forex account. Each account has its own set of conditions for commission, fees, margin calls, leverage, and minimum deposits.

Sucden Financial is a reputable, well-regulated London-based online trading solutions and service provider which was established in 1973 with strong standing and expertise in derivatives trading and which maintains a global offering.

Though based in London, Sucden Financial serves subsidiaries in Russia, Hong Kong, and the USA which ensures cross-border regulated solutions to a variety of clients.

Sucden Financial does not offer personal trading accounts, but caters more to institutional and corporate clients, along with providing brokers with various solutions.

Sucden Financial maintains its e-trading solutions through the support and provision of a variety of electrical and clearing execution which is tailored to the needs of its unique clientele such as FX Prime Brokerage, Institutional EFX Liquidity, and more.

 

Sucden Financial Account Types

Despite a lack of information about accounts offered, application forms on the official website suggest that Sucden Financial caters to the following clientele:

  • Institutions and Corporate clientele
  • Corporates and Companies, and
  • Brokers

 

Sucden Financial Institutional Account

Sucden Financial offers the support, infrastructure, and expertise that institutional clients require through the broker’s strong history of dealing with a variety of financial institutions not only as clients but also as counterparties.

 

Sucden Financial accounts accommodate the following types of clients:

  • Banks
  • Proprietary trading firms
  • Hedge Funds
  • Pension Funds, and
  • Asset Managers.

 

Sucden Financial can customize solutions not only for execution and clearing but also for sourcing liquidity or by providing prime brokerage services.

 

Sucden financial account types are designed for:

  • Commodities
  • Fund Services
  • eFX, and
  • FX Options.

 

Sucden Financial Corporate Account

Sucden Financial offers a wide range of corporate services which, from the outset, has involved the evolution of solutions and services in order to meet a variety of needs pertaining to large corporations.

This also involves the great care which is taken in understanding the aims and objectives of such clients. Long-term corporate clients can rest assured in Sucden Financial’s capabilities, financial strength, stability, and superior customer care.

 

Areas of service for Corporates include:

  • Commodities and FX Hedging
  • Access to various global markets ranging from metals, energies, softs, agricultural, fixed income, and Forex.

 

Sucden Financial Broker Account

Sucden Financial offers tailored solutions which have been designed especially for brokers by providing them not only with flexible but tailored solutions across the markets to which Sucden Financial provides access.

This allows brokers further access to the superior liquidity provided by Sucden Financial along with the ability to utilize the market access which can meet the hedging requirements of brokers needed for execution or clearing solutions.

 

Alternatively, this also allows brokers to work alongside Sucden Financial as a counterparty. Areas of services include the following:

  • eFX, and
  • Deliverable FX for MSBs and PSPs.

 

Demo Account

Sucden Financial, due to its unique nature of business and selective provision of services to a certain clientele, does not offer the option for a Demo Account as it is not a traditional or conventional brokerage firm through which individual or retail trade can be facilitated.

Sucden Financial caters specifically to institutional and corporate clients, along with brokerage firms.

 

When considering a Demo Account, conventional brokers offer traders the option of opening a such which can be utilized in various ways, including, but not limited to the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore the broker’s trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

The sign-up for a demo account is predominantly fully digitalized and hassle-free. It can be done within a few minutes and as soon as the trader is registered, demo trading can commence on trading platforms provided which can be downloaded to:

  • Desktop PCs that use Linux, Windows, or MacOS, or
  • Mobile devices such as tablets and smartphones that run Android or iOS operating systems.

 

Alternatively, traders can easily access the trading platforms from their web browser and use their credentials to sign into their Demo Account with a broker by making use of the trading platform’s WebTrader.

 

Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law, which prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

Sucden Financial does not offer the option of an Islamic Account as part of its offering as this is often an option only offered by conventional and traditional brokers. As such, Sucden Financial only caters to institutional and corporate clients along with brokers.

 

The diversity provided by these accounts ensures that traders have access to a trading environment that is competitive and cost-effective in terms of trading and non-trading costs.

Sucden Financial traders are given the edge they need to facilitate their trading activities regardless of their level of skills, knowledge, and experience.

 

Overall Rating

4.5/5

Rated #60 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

FCA

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

120

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Sucden Financial designs each account based on the needs of different types of traders.

Now that you know what to expect in terms of the account types offered by Sucden Financial, let’s look at some of the pros and cons of trading with them.

 

Pros and Cons

✔️Pros ❌Cons
Well-regulated Individual trading accounts not offered
Offers comprehensive services to corporations, institutions, and brokers High minimum deposit
Variety of trading platforms supported
Competitive solutions offered

 

Sucden Financial provides traders with competitive and comprehensive trading conditions, tailored to the needs of various traders despite their level of understanding and expertise.

To conclude this article, here is a brief overview of Sucden Financial containing all essential information:

 

Sucden Financial at a Glance

Broker’s Name Sucden Financial
Headquartered London
Year Founded 1973
Regulating Authorities FCA, SFC, NFA
Countries not accepted for trade United States
Islamic Account (Swap Free) No
Demo Account No
Institutional Accounts Yes
Managed Accounts Yes
Maximum Leverage 1:100
Minimum Deposit Not indicated
Deposit Options Bank Wire Transfer
Withdrawal Options Bank Wire Transfer
Platform Types MetaTrader 4, cTrader, FXCubic, API Solutions, STAR, smartTrade, and more
OS Compatibility Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads
Tradable Assets Forex, metals, softs and agricultural, energy
Languages supported on Website English, Chinese
Customer Support Languages Multi-lingual
Customer Service Hours 24/5

 

Conclusion

Sucden Financial offers two flexible account types that accommodate all styles of trading and these accounts can also be used as demo accounts, but not as Islamic accounts.

To find out more about Sucden Financial, read one of the articles below.

 

Good luck with your trading!

 

You might also like: Sucden Financial Sign up Bonus

You might also like: Sucden Financial Demo Accounts

You might also like: Sucden Financial Fees and Spreads

You might also like: Sucden Financial Minimum Deposit

 

FAQs

Trading Environment

How many instruments can I trade with Sucden Financial?

You can trade the following instruments:

  • Metals
  • Forex
  • Softs and Agricultural, and
  • Energy

Which platforms are supported by Sucden Financial?

  • MetaTrader 4
  • cTrader
  • FXCubic
  • API Solutions
  • STAR
  • smartTrade, and more.

Does Sucden Financial offer leverage?

Yes. Sucden Financial offers maximum leverage of 1:100.

What spreads can I expect with Sucden Financial?

Spreads from as little as 0.0 pips.

Does Sucden Financial charge commission?

Yes. Commissions are not indicated on the Sucden Financial website, but commissions are likely to be tailored to different traders and their needs along with their trading activity which includes different financial instruments and trading volumes.

Are there additional charges on the Islamic account?

No. Due to the nature of its business and its unique offering, Sucden Financial does not offer the option for an Islamic Account as conventional or traditional brokers offer Muslim traders who follow the Sharia Law.

Is Sucden Financial regulated?

Yes. Sucden Financial is regulated by the highly reputed FCA in the UK, SFC in Hong Kong, and NFA in the United States.

Is Sucden Financial a recommended forex trading broker for experts and beginners?

No, Sucden Financial does not cater to beginner traders. Sucden Financial provides solutions and services to corporations, institutions, and brokers.

What is the overall rating out of 10 for Sucden Financial?

7/10.

 

Accounts

What is the difference between a demo and a live trading account?

A Demo Account is a risk-free account that is funded by virtual money and allows traders to either practice trading, explore the brokers offering, or test trading strategies in a mimicked live trading environment.

Does Sucden Financial offer a demo account?

No. Sucden Financial does not offer the option of opening a demo account, thus traders who choose this broker will only be able to open a live account

For how long is the demo account valid?

Demo accounts which are offered by conventional and traditional brokers are normally valid for 30-days.

Does Sucden Financial offer the option of an Islamic Account?

No. Due to the nature of its business and its unique offering, Sucden Financial does not offer the option for an Islamic Account as conventional or traditional brokers offer Muslim traders who follow the Sharia Law.

Which live trading accounts does Sucden Financial offer?

Truly little information is available regarding the type of accounts, and their features, which are offered by Sucden Financial. Application forms on the website suggest that Sucden Financial offers the following accounts:

  • Corporate
  • Companies, and
  • Deliverable Forex

What are the available deposit currencies for a live trading account?

The deposit currencies supported are not indicated, but it is safe to assume that USD, EUR, and GBP will be some of the currencies supported as Sucden Financial is a UK-based broker, and most major brokers offer these deposit currencies as a set standard.

 

Deposits and Withdrawals

What is the minimum deposit for Sucden Financial?

US Dollar 0. There is no minimum deposit indicated.

How do I make a deposit and withdrawal from Sucden Financial?

You can make use of Bank Wire Transfer.

Does Sucden Financial charge withdrawal fees?

No.

How long does it take to make a withdrawal?

This will depend on the method through which withdrawals are made along with the process involved and generally it can take between one and several business days.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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