Score

1.52 /10
Danger

SIG Susquehanna

United States

5-10 years

Suspicious Regulatory License

Global Business

High potential risk

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Time Machine
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Regulatory Index0.00

Business Index7.11

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Company Name

Susquehanna International Group, LLP

Company Abbreviation

SIG Susquehanna

Platform registered country and region

United States

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Company summary

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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I joined the exchange in early November through a person from whatsapp named Anne, the first few transactions I only deposited 100 to 300, then I still withdrew money normally, the third time I withdrew about more than 3k and then waited a lot. After a long time, I still couldn't withdraw money. I asked the staff and they said I had to deposit more money to reach the full withdrawal amount of more than 7k. After I deposited money and the staff said it was ok, because the other person texted me that there was a transaction button in the evening, I waited until the transaction was completed to withdraw. When I withdrew money, the staff told me I had to pay 30% more tax for tax verification and then I would be able to withdraw all my money. After I finished paying taxes of 4k, I still couldn't withdraw money because the floor automatically reduced my score to 70. And I had to participate in a transaction to raise my score. At this time, Anne introduced me to a person named Jason who was an expert on virtual currency, after which I was added to a trading group of 5 people. There I was informed that I had to increase the amount of money in my account to be able to participate in the point increase transaction. The first time I reached 25k points increased by 7 times. The second time I reached 42k points increased by 8 times. The staff told me that I only needed to reach I can withdraw money after 85 points, but when I reached 85 points, the staff said the system was updating and I had to reach 100 points. And this Mr. Jason required me to reach 85k in my account to be able to participate in trading and he assured me that I only needed to reach 100 points to be able to withdraw money. But then when I reached 100 points, the staff told me that my withdrawal order still could not be processed because the remaining tax of 33k had not been paid. I lost a lot of money. help me. This exchange is called SIG

Ngân Hà
2023-12-01 15:48
SIG Susquehanna · Company summary
Aspect Information
Company Name SIG Susquehanna
Registered Country/Area United States
Founded year 2018
Regulation Not regulated
Market Instruments Options, Equities, Cryptocurrency, Commoditie,Fixed Income
Account Types Institutional Brokerage, ETF Group, Global Private Equity, Quantitative Trading Products, Market Making
Trading Platforms Direct connectivity through APIs or FIX protocols, Third-party platforms like Bloomberg Terminal or Tradeweb
Demo Account N/A
Customer Support Phone: 610-617-2600, Email: john.keogh@sig.com
Deposit & Withdrawal Bank wire transfers, ACH transfers, and potentially checks (for specific account types)
Educational Resources Internal training programs for employees, Industry conferences and events, Research contributions to academic journals and conferences, Public events or podcasts

Overview of SIG Susquehanna

SIG Susquehanna, established in 2018 and headquartered in the United States, operates as a financial services firm specializing in trading and investment activities across various global markets. Despite being unregulated, the company offers a wide range of market instruments, including options, equities, cryptocurrency, commodities, and fixed income products. Satisfying diverse client needs, SIG Susquehanna provides various account types such as Institutional Brokerage, ETF Group, Global Private Equity, Quantitative Trading Products, and Market Making. Trading can be facilitated through direct connectivity using APIs or FIX protocols, as well as third-party platforms like Bloomberg Terminal or Tradeweb.

While the company does not offer a demo account, it provides robust customer support via phone and email channels.Payment methods include bank wire transfers, ACH transfers, and potentially checks for specific account types.

Overview of SIG Susquehanna

Pros and Cons

Pros Cons
Diverse Market Instruments Lack of Regulation
Wide Range of Account Types Limited Trading Platforms for Retail Clients
Access to Global Markets No Demo Account Offering
Robust Customer Support Lack of Transparency in Fees and Spreads
Commitment to Education and Research Limited Information on Minimum Deposit and Maximum Leverage

Pros:

  1. Diverse Market Instruments: SIG Susquehanna offers a wide range of market instruments, including options, equities, cryptocurrency, commodities, and fixed income products. This diversity allows clients to access various asset classes and potentially diversify their investment portfolios.

  2. Wide Range of Account Types: The company provides various account types tailored to meet the needs of different clients, including Institutional Brokerage, ETF Group, Global Private Equity, Quantitative Trading Products, and Market Making. This ensures that clients can choose the account type that best aligns with their investment goals and preferences.

  3. Access to Global Markets: SIG Susquehanna operates across global markets, providing clients with access to trading opportunities worldwide. This global presence allows clients to capitalize on opportunities in different regions and markets.

  4. Robust Customer Support: SIG Susquehanna offers robust customer support through phone and email channels. Clients can reach out to the company for assistance with trading, account management, or general inquiries, and can expect prompt and helpful responses.

  5. Commitment to Education and Research: The company demonstrates a commitment to education and research by offering internal training programs for employees, participating in industry conferences and events, contributing to academic research, and occasionally hosting public events or podcasts. This commitment enhances knowledge and expertise within the financial community.

Cons:

  1. Lack of Regulation: SIG Susquehanna is not regulated by any financial regulatory authority. This lack of regulation will raise concerns about investor protection and oversight, potentially exposing clients to higher risks.

  2. Limited Trading Platforms for Retail Clients: While the company offers direct connectivity through APIs or FIX protocols for institutional clients, retail clients have limited options for trading platforms. This could restrict the trading experience for retail investors who prefer more user-friendly platforms.

  3. No Demo Account Offering: SIG Susquehanna does not offer a demo account for clients to practice trading or familiarize themselves with the platform before investing real money. A demo account can be a valuable tool for investors to test strategies and build confidence in their trading abilities.

  4. Lack of Transparency in Fees and Spreads: The company's fee structure and spreads are not transparently disclosed. This lack of transparency make it difficult for clients to accurately assess the cost of trading and compare it with other brokers.

  5. Limited Information on Minimum Deposit and Maximum Leverage: SIG Susquehanna does not provide clear information on minimum deposit requirements or maximum leverage available to clients. This lack of information can make it challenging for investors to determine if the broker's services are suitable for their financial situation and trading preferences.

Regulatory Status

SIG Susquehanna is not regulated. However, SIG Susquehanna, as a financial services firm engaged in trading and investment activities across various markets globally, would likely be subject to regulation by relevant financial regulatory authorities in the jurisdictions where it operates. Depending on SIG Susquehanna's presence and activities in those regions.

Market Instruments

SIG Susquehanna's product portfolio spans across various financial markets globally, showcasing a comprehensive range of offerings. In the realm of options trading, SIG stands as a prominent player, engaging in the exchange-listed options market for commodities, energy, equities, and ETFs. Their expertise extends to equities, where they actively participate in markets worldwide, trading individual stocks and providing extensive coverage of major ETFs.

Additionally, SIG has established a presence in the burgeoning cryptocurrency market, being an early entrant and engaging in the trading of a diversified portfolio of cryptocurrencies. In commodities trading, SIG is highly active across options and futures markets, covering major commodities like metals, oil, natural gas, and agricultural products. Furthermore, the company maintains a robust presence in fixed income markets, trading actively in corporate and convertible bonds, credit default swaps, and fixed income ETFs.

Market Instruments

Account Types

SIG Susquehanna offers a diverse range of account types tailored to meet the needs of various clients across the financial landscape.

The Institutional Brokerage account serves large institutions such as investment banks, hedge funds, and asset managers, providing access to global trading expertise across equities, options, fixed income, and more, along with competitive execution and algorithmic trading solutions.

For institutions seeking exposure to Exchange Traded Funds (ETFs), the ETF Group account offers customized portfolios and proprietary market analysis to create efficient strategies. High-net-worth individuals and institutions interested in private equity investments can benefit from the Global Private Equity account, gaining access to exclusive deals and the expertise of SIG Susquehanna Growth Equity's experienced investment team.

Clients seeking exposure to quantitative trading strategies can opt for the Quantitative Trading Products account, choosing from a range of products tailored to specific risk-return profiles. Additionally, SIG's market-making activities enhance market liquidity and efficiency, benefiting all participants by providing continuous bid and ask quotes across various securities.

Account Types

Trading Platform

While SIG Susquehanna doesn't offer a single, unified trading platform like some retail brokers, it utilizes a diverse approach to its different client segments and needs.

For institutional clients such as hedge funds and asset managers, SIG offers direct connectivity to its trading infrastructure through APIs or FIX protocols, enabling high-speed and customized trading solutions tailored to their specific strategies. Alternatively, some institutions opt to access SIG's liquidity and services through established third-party trading platforms like Bloomberg Terminal or Tradeweb.

However, for retail clients, SIG's offerings are more limited, as the firm primarily focuses on serving institutional clients and does not provide a dedicated retail trading platform. Retail investors seeking exposure to SIG's expertise explore accessing their services through third-party platforms that offer access to institutional liquidity providers. Despite the differing approaches for institutional and retail clients, SIG Susquehanna maintains its commitment to providing high-quality trading solutions tailored to the unique needs of each segment of its client base.

Deposit & Withdrawal

SIG Susquehanna supports multiple payment methods to accommodate the diverse needs of its clients. For large institutional clients, payment methods include bank wire transfers and ACH transfers, providing convenient and efficient ways to transfer funds for trading purposes. Additionally, specific account types allow for other payment methods such as checks, depending on the client's preferences and agreements with SIG.

Regarding fees, SIG Susquehanna likely structures its fee system differently for each client segment based on their unique needs and agreements. Institutional clients negotiate fee structures based on trading volume or other factors, with fees potentially varying for different asset classes or trading products. High-net-worth individuals also have tailored fee arrangements based on their investment preferences and trading activity. Retail investors, if serviced through specific partnerships or third-party platforms, encounter fee structures established by those platforms or brokers.

Customer Support

SIG Susquehanna likely provides customer support through multiple channels to ensure accessibility and prompt assistance for its clients. One primary method of contact is via phone, with an English-language customer support line available at 610-617-2600. Additionally, clients reach out for assistance via email at john.keogh@sig.com, providing an alternative means of communication for queries or concerns.

Customer Support

Educational Resources

SIG Susquehanna, renowned for its quantitative trading expertise primarily serving institutional clients, demonstrates a commitment to education through various resources tailored to different audiences.

For professionals within the company, SIG offers internal training programs focused on quantitative analysis, trading strategies, and decision-making frameworks, although these programs are not publicly accessible. Additionally, the firm actively participates in and sponsors industry conferences and events, providing platforms for employees to present research findings and engage in panel discussions, thereby offering insights into SIG's approach and the broader financial markets. Moreover, SIG's career website and recruiting materials offer glimpses into the company culture, values, and desired skills and experiences, serving as valuable resources for individuals interested in pursuing careers in quantitative trading.

For the general public, SIG researchers contribute to academic journals and conferences in the quantitative finance field, providing cutting-edge insights that benefit academics and professionals. Occasionally, SIG representatives participate in public events or podcasts aimed at a broader audience, offering insights into financial markets, quantitative trading strategies, and career paths within the industry.

Educational Resources

Conclusion

In conclusion, SIG Susquehanna, founded in 2018 and headquartered in the United States, operates as a financial services firm specializing in trading and investment activities across global markets. Despite its lack of regulation, SIG offers a diverse range of market instruments and account types, satisfying various client needs. The company provides access to global markets and robust customer support, demonstrating a commitment to education and research. However, the absence of regulation raises concerns about investor protection, and the limited transparency in fees and spreads, along with the lack of a demo account offering, pose challenges for clients. Overall, while SIG Susquehanna offers many advantages such as diverse market access and robust support, clients should carefully consider the potential drawbacks before engaging with the company.

FAQs

Q: What financial services does SIG Susquehanna provide?

A: SIG Susquehanna offers a range of financial services, including trading and investment activities across various global markets.

Q: Is SIG Susquehanna regulated by any financial authorities?

A: No, SIG Susquehanna is not regulated by any financial regulatory authority. However, the company operates in compliance with relevant laws and regulations in the jurisdictions where it operates.

Q: How can I contact SIG Susquehanna for customer support?

A: You can contact SIG Susquehanna for customer support through phone and email channels.

Q: What account types does SIG Susquehanna offer?

A: SIG Susquehanna provides various account types. These include Institutional Brokerage, ETF Group, Global Private Equity, Quantitative Trading Products, and Market Making accounts.

Q: Does SIG Susquehanna offer educational resources?

A: Yes, SIG Susquehanna demonstrates a commitment to education through various resources tailored to different audiences.

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FX1624429839
more than one year
As a user of SIG Susquehanna trading platform, let me tell you, watch out for their employee Jesmine. She's a seasoned scammer. There's this money scheme where deposits disappear without any trades happening, and they won't bother investigating. Investors, beware of this fraudulent broker and their staff.
As a user of SIG Susquehanna trading platform, let me tell you, watch out for their employee Jesmine. She's a seasoned scammer. There's this money scheme where deposits disappear without any trades happening, and they won't bother investigating. Investors, beware of this fraudulent broker and their staff.
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2024-02-23 14:22
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随缘73389
more than one year
Has anyone dealt with this financial company before? I saw an advertisement on instagram for the company SIG Susquehanna, but don't know if it's reliable or not... I'm still hesitating.
Has anyone dealt with this financial company before? I saw an advertisement on instagram for the company SIG Susquehanna, but don't know if it's reliable or not... I'm still hesitating.
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2023-03-10 15:16
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