Sucden Financial Fees and Spreads

 

A Sucden Financial fees and spreads Review

 

Sucden Financial Fees and Spreads

 

Sucden Financial fees spreads and commissions are not offered by Sucden Financial.

Sucden Financial’s fees are determined by the client that it caters for, whether institutional, corporate, or a broker. When opening an account, the spread list along with commissions and other trading fees will be tailored to the client’s needs.

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 Account
  • Accounts for Companies, and
  • Accounts for Deliverable Forex

 

The maximum leverage offered by Sucden Financial is 1:100 and there is no minimum deposit indicated when opening a live account with Sucden Financial.

 

Other Fees

 

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.

There is no indication of whether Sucden Financial offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.

Sucden Financial does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

 

Broker Fees

 

Sucden Financial typically does not charge deposit fees or withdrawal fees, but additional fees waived by banking institutions need to be considered when depositing or withdrawing funds.

There is no indication of whether Sucden Financial waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management. Traders will have to verify any additional fees with Sucden Financial before opening an account.

 

Pros and Cons

 

PROS CONS
1.      Tight and competitive spreads 1.      High minimum deposit
2.      Fixed commissions on trades 2.      Deposit fees charged on all payment methods
3.      Low commissions when compared to other brokers 3.      Withdrawal fees charged when using Skrill

 

FAQ

 

How many instruments can I trade with Sucden Financial?

You can trade the following instruments:

  • Metals
  • Forex
  • Softs and Agriculturals, and
  • Energy

 

Which platforms are supported by Sucden Financial?

Sucden Financial provides the following popular trading platforms:

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

 

Does Sucden Financial offer leverage?

Yes.

Traders have access to leverage up to 1:100 when opening an account.

 

What spreads can I expect with Sucden Financial?

Spreads from as little as 0.0 pips.

 

Does Sucden Financial charge commission?

Unsure.

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.

 

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 for beginner traders, only corporate, institutional, and professional traders.

 

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

7/10