Succedo Markets

Succedo Markets Information

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 Forex, Indices, Futures and Stocks. There is one demo account and 3 tiered live accounts for clients to choose from. The MT5 trading platforms guarantees a level of pleasant customer experience. Furthermore, the “Glossary” page enable beginners to learn about the terminologies of investment and their definition.

Pros and Cons

Is Succedo Markets Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

What Can I Trade on Succedo Markets?

Succedo Markets provides access to a more than 275 market instruments such as Forex, Indices, Futures and Stocks. You can expand your trading portfolio and seize abundant market opportunities to possibly achieve substantial returns on your investments.

Forex (Foreign Exchange): Forex is the global marketplace for trading national currencies against one another, making it the largest financial market in the world. Popular pairs are EURUSD, CADUSD, USDJPY, etc.

Indices: Indices represent a group of stocks or other securities, providing a benchmark for market performance and allowing investors to track overall market trends.

Futures: Futures are standardized contracts obligating the buyer to purchase, and the seller to sell, an asset at a predetermined price on a specified future date, often used for hedging or speculation. This broker supports commodity futures such as metals and energy.

Stock: Stock refers to the ownership shares in a company, representing a claim on the company's assets and earnings, and can be bought and sold on stock exchanges.

Always follow the rule of investment and scatter risks by putting money in different products instead of only one that you are optimistic about.

Account Type/Leverage/Spread & Commission

Except for demo accounts for testing and practicing, Succedo Markets also offers 3 tiered live accounts designed for the needs of different customer groups with varying experience levels and financial capacities.

Leverage is up to 1:500 across all live accounts, while spreads start from 1.5 pips for Standard account, 1.8 pips for ECN account and 0.2 pips for VIP account respectively.

There are no trading commissions in Standard and ECN accounts while with VIP account, you need to pay a commission of $7 per lot traded.

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.

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.

Customer Support Options

If you want any help or support from Succedo Markets, you can reach them through phone, email, social platforms or visit them in person in their offices in Dubai.

In addition, a contact form is also available on its website. You can fill in your contact info on its website and wait for their representatives to call you or email you.

The Bottom Line

In summary, the brokers offers tiered accounts and and MT5 trading platform. The two positive feedbacks on WikiFX prove its accountability for services. However, the operation without regulation and insufficient industry experience impair its credibility and reliability.

Therefore, make full investigation and weigh all the pros and cons is recommended before choosing this broker.

FAQs

Is Succedo Markets safe?

No, the broker is not regulated by any authorities so far, which implies less protection on customers.

Is Succedo Markets good for beginners?

No, the broker does not disclose minimum initial investment requirements, which leaves traders, especially for beginners, in the dark of their trading plans. Furthermore, the lack of regulation and new hands in the market make it a less suitable choice for beginners.

What trading platform does Succedo Markets have?

Succedo Markets offers the advanced MT5 platform on web and mobile devices.

Are there any restricted areas of Succedo Markets's services?

Yes, Succedo Markets Limited does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.