Sucden Review

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Company Overview

Sucden is an online brokerage firm for the trade of over-the-counter (OTC) traded products, bullion and forex. Sucden has won many awards for its reliability and service. Founded in 1973 as the London brokerage partner of Sucres & Denrées (Sucden Group), the firm has since then developed into a leading online brokerage firm that offers dependable service and a conductive trading environment to online traders. Sucden is a member of the London Metal Exchange (LME) and has access to major global exchanges, which allows traders direct access to international markets.

Trading Platform

Sucden offers a plethora of options when it comes to online trading platforms. Whether it’s the reliable MetaTrader 4 or the revolutionary Currenex, the highly popular J-Trader & Pro-Mark or the impressive STAR trading platform, there’s something for everyone. Each platform has its benefits. The J-Trader is a simple and easy-to-use trading platform that includes all the essentials for quick online transactions. The Pro-Mark platform is a premium futures trading application which was solely designed for high speed and high volume traders. STAR is a futures and options trading platform that allows traders access to the London Metal Exchange, while MetaTrader 4 offers in-depth analysis of the market in real time and enables one-click order executions.

Sucden also offers the exclusive Sucden FX Trader Pro, which is a well-established electronic offering for foreign exchange traders. It is based on Sucden’s lauded policy of providing multi-provider liquidity across a selection of industry topping platforms. It is a popular choice across the desktop platform considering it is free to access and easy to use.

Sucden prides itself on keeping true to its roots of voice brokerage as even today it is one of the leading firms that offer traditional phone brokerage to traders. Clients can phone Sucden representative brokers and strike a deal on markets such as agricultural commodities, base metals, equities and energy.

Features

  • Wide choice of trading platforms
  • Futures offered on OTC commodities
  • Free educational material available
  • Reliability
  • Minimum deposit of $500
  • Maximum leverage of 1:1100
  • Fixed and Variable spreads available
  • Emphasis on metals and other such commodities

Customer Support

Sucden offers customer support in 3 different languages, English, Chinese and Russian. While this covers most of its demographic, European traders originating from countries like France, Germany, Portugal and Spain run the risk of being lost in translation. Sucden also offers customer support 24/5 via email, where expert advisors offer their thoughts on the market and instruct traders to make the best possible decision. Clients can also call the telephone numbers provided on the website, which allows traders to get opinions of professional traders in real time and make transactions as quickly as possible.

Conclusion

While Sucden is a trustworthy name when it comes to online and traditional phone trading, it really needs to up its efforts in customer support. A live chat feature would be a very welcome addition to an already well-established brokerage firm. That being said, the trading options offered by Sucden eclipse the firm’s relatively poor customer support system and displays the organization in a very favorable light.

Office website: https://sucdenfinancial.com/

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