Succedo Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-06 10:51

Abstract：Succedo Markets is an unregulated brokerage company registered in Dec, 2023 in Saint Lucia while operates in UAE. The broker provides access to a diverse array of financial instruments such as currencies, equity indices, energies, precious metals, and CFDs. There are demo accounts and 3 tiered live accounts for clients to choose from. It offers leverage up to 1:500 and spread from 1.5 pips on the Standard account through the leading MT5 platform.

Succedo Markets Review Summary
Founded	2023
Registered Country/Region	Saint Lucia
Regulation	No regulation
Market Instruments	Currencies, equity indices, energies, precious metals, and CFDs
Demo Account	✅
Leverage	Up to 1:500
Spread	From 1.5 pips (Standard account)
Trading Platform	MT5
Min Deposit	/
Customer Support	Contact form
	Tel: +971 56 458 6589
	Email: info@succedomarkets.com
	Social Media: Instagram, Facebook, X, Youtube
	Registered Address: Ground Floor, The Southeby Building, Rodney Village Rodney Bay, Grooss- Islet, LC10-301, SAINT LUCIA
	Operation Address: 104-0170, D L D BUSINESS CENTER, MONTANA BUILDING, AL KARMA, DUBAI, UAE
Restricted Regions	United States, Cuba, Iraq, Myanmar, North Korea, Sudan

　　Succedo Markets is an unregulated brokerage company registered in Dec, 2023 in Saint Lucia while operates in UAE. The broker provides access to a diverse array of financial instruments such as currencies, equity indices, energies, precious metals, and CFDs. There are demo accounts and 3 tiered live accounts for clients to choose from. It offers leverage up to 1:500 and spread from 1.5 pips on the Standard account through the leading MT5 platform.

Pros and Cons

Pros	Cons
Diverse trading products	New in the market
Demo accounts	No regulation
Tiered accounts	Unclear minimum deposit
Flexible leverage ratios	No info on payment methods
Commission-free accounts offered	Do not service clients from several regions
MT5 support
Multiple contact channels

Is Succedo Markets Legit?

　　No, Succedo Markets isn't regulated by any financial institution. Be cautious of investment risks.

What Can I Trade on Succedo Markets?

Tradable Instruments	Supported
Currencies	✔
Equity indices	✔
Energies	✔
Precious metals	✔
CFDs	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Except for demo accounts for testing and practicing, Succedo Markets also offers 3 tiered live accounts.

Account Type	Suitable for
Standard	All levels
Premium	Beginner, middle
ECN	Expert

　　However, the broker does not disclose minimum investment requirement for each account, which is not common cases. You should seek for clear clarification with the broker before commiting actual trading with them to ensure you have adequte initial capital they require.

Leverage

Account Type	Max Leverage
Standard	1:500
Premium	1:500
ECN	1:200

Succedo Markets Fees

Account Type	Spread	Commission
Standard	From 1.5 pips	❌
Premium	From 1.8 pips	❌
ECN	From 0.2 pips	$7 per lot

Trading Platform

　　Succedo Markets offers the powerful and versatile MT5 trading platforms, which is renowned for its user-friendly intuitive interface, robut performance, advanced analysis tools and flexible customization. You can reach the platform on web, mobile devices with iOS and Android systems.