Sucden Financial Review

Sucden Financial

* Ranked #154 of 315 in DailyForex's top broker list

Info

Name : Sucden Financial
Website : sudenfinancial.com
Established : 1973
Country : United Kingdom
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Wide Choice of Trading Platforms
  • Emphasis on Metals and Commodities

Disadvantages

  • No Demo Account
  • No Bonuses or Promotions
  • No Mobile Trading

Sucden Financial Review

Sucden Financial Review

Sucden Financial, formed in 1973, is an international derivatives broker providing access to a broad range of markets, including exchange and OTC traded products, as well as equities, foreign exchange and bullion. Sucden Financial is based in London, UK and is the London brokerage arm of Sucres & Denrées (Sucden Group) founded in 1952. It is authorized and regulated by the FCA and Sucden Financial HK is licensed in Hong Kong by the Securities and Futures Commission.

Sucden Financial Limited has been named Best STP FX Liquidity Provider in Western Europe in the Global Banking & Finance Review Awards for the third consecutive year, a strong endorsement of the London-based broker’s outstanding services.

Features

Sucden Financial provides access to a broad range of markets, including exchange and over the counter (OTC) traded products, as well as equities, foreign exchange and bullion.

Sucden Financial Trading Instruments
Sucden Financial Trading Instruments

When it comes to equities, Sucden Financial provides access and expertise to trade exchange traded equities, equity derivatives and OTC equity derivative instruments, as well as fixed income on all Major European and key worldwide exchanges. ADRs, CFDs, EFTs, Futures and Options are some of the instruments that traders can choose to trade.

A variety of electronic access solutions, including several platforms, can be customized to each client's individual requirements.

In fact, the choice of different platforms is one of the largest in the industry each catering to a different financial market. For example, the MT4 platform is geared towards Fix trading while on the Pro-Mark and J-Trader platforms, agricultural commodities, base and metals, energies, precious metals, cocoa, coffee and sugar can be traded.

As far as metals trading, Sucden Financial stands out from the competition by offering ring trading and ring commentaries on the London Metal Exchange as one of only 10 Ring Dealing/ Category 1 members of the LME.  The London Metal Exchange is the world center for industrial metals trading with more than 80% of global non-ferrous business conducted there.

Sucden Financial allows traders to hedge their trades. Hedging is a risk management strategy designed to reduce or offset price risks. It involves the use of market instruments, the most common of which are futures, options and averages. Hedging is the opposite of speculation. Hedgers are not trying to "win" and make money on the price movements. They wish to locking in a price today that allows for better focus on planning and business development with minimum exposure to an unwanted business risk.

Education

Sucden Financial offers several educational features. A daily morning report covering fundamentals and technical for USD, EUR, GBP, JPY and CHF is posted. In addition, daily reports often cover each individual commodity and include research data and charts. There are also weekly metals reports as well as quarterly updates on energy.

Sucden Financial Market Analysis
Sucden Financial Market Analysis

Daily market commentary and analysis for the day ahead are offered to subscribers and a monthly calendar displays dates and times of major economic indicators and contract expires.

Sucden Financial Monthlly Market Calendar
Sucden Financial Monthlly Market Calendar

There was no FAQ section and scant information about additional educational tools such as seminars, webinars, videos etc.

Advantages

  • Wide Choice of Trading Platforms
  • Emphasis on Metals and Commodities

Disadvantages

  • No Demo Account
  • No Bonuses or Promotions
  • No Mobile Trading

Review info: Sucden Financial
Review Date:
Rating : 3
Reviewed By :