This Suxxess FX review will provide an in-depth analysis of the broker, covering its trading platforms, available markets, regulations, and overall user experience. By the end, you’ll have a better understanding of whether Suxxess FX is the right choice for your trading needs.
Basic Information About Suxxess FX
- Website Address: www.suxxessfx.com – Your capital is at risk.
- Instruments: CFDs on forex, metals, stocks, indices, commodities, and cryptocurrencies.
- Minimum Deposit: $250.
- Demo Account: Yes, with a virtual balance for practice.
- Trading Platform: Suxxess FX platform powered by TradingView.
- Deposit and Withdrawal Methods: Credit/Debit Cards, PayPal, Google Pay, Apple Pay, Skrill, Neteller, AstroPay, and Kuady.
Trading Platforms on Suxxess FX
The trading platform that a broker offers is very crucial, as it is the interface through which traders interact with financial markets. Suxxess FX offers only one platform, which is its proprietary platform, Suxxess FX platform, powered by TradingView. This platform offers investors a ton of world-class trading tools accessible with a single click.
In particular, the broker offers over 200 different built-in indicators and advanced charting tools. Additionally, his platform offers real-time market data and alerts to ensure investors stay up-to-date with market movements. It offers customisable charts and layouts to allow traders to tune the interface to their liking. This helps ensure a user-friendly trading experience.
Finally, this platform is available across all kinds of devices. These include PCs, Web Browsers, and Mobile Devices. This means that traders can keep up wth markets and manage their portfolios on the go.
Trading Instruments on Suxxess FX
SuxxessFX provides a diverse range of CFD instruments across various asset classes. This allows traders to diversify their portfolios as they see fit. Here is a breakdown of the market products available on this broker site:
- Forex – Suxxess FX offers its traders a diverse selection of forex currency pairs that include majors, minors, and exotics.
- Stocks – Suxxess FX allows traders to speculate on the price movements of numerous international companies through stock CFDs.
- Indices – This broker also supports the trading of a variety of indices, allowing for great portfolio diversification.
- Commodities – CFDs on key commodities are available on Suxxess FX for traders to explore.
- Metals – A variety of metals are also available to explore, allowing traders to capitalise on the price movements of some of the most lucrative asset classes.
- Cryptocurrencies – Finally, clients of Suxxess FX can trade a variety of crypto assets, which is one of the most volatile markets in the world.
Account Types on Suxxess FX
SuxxessFX offers multiple account types tailored to varying experience levels and trading styles. This broker offers three main trading accounts that determine the trading fees that traders pay. The three accounts available on the Suxxess FX include the Silver, the Gold, and the Platinum accounts. The broker does not reveal the specific spreads charged on these various accounts.
However, traders can expect lower spread charges on the Gold and Platinum accounts. The Gold account gives clients a 50% discount on spreads featured on the Silver account. On the other hand, the Platinum account gives an even higher discount of 75% on the spreads.
Another charge that applies when trading with this broker is swap fees. This is a fee that traders pay to hold positions overnight. The specific fee that applies depends on the market product and the size of the trade. Additionally, just like the spread charges, clients of Suxxess FX can expect lower swap charges on the Gold and Platinum accounts. The Gold account offers a 40% discount on the swap fees found on the Silver account. In contrast, the Platinum account has a 60% discount on the swap fees available on the Silver account. Nonetheless, Suxxess FX offers an Islamic account with no swap charges, aligning with Sharia financial laws.
Suxxess FX Customer Support
Customer support is a crucial component of any broker site, playing a significant role in ensuring a smooth and reliable trading experience. SuxxessFX offers multilingual customer support via four main channels. Traders can get customer support via the company’s live chat feature, which is available 24/7.
Additionally, traders can email the customer care team via the company’s support email, Support@suxxessfx.com. Finally, clients can fill out a contact form available on the website, and the company will get back to them via email. Notably, there is a Brazilian number available to call, which is +55151784334.
The Credibility of Suxxess FX
Before investing with a broker, it is very crucial to ensure that their credibility checks out. To assess the credibility of a broker, its regulatory status is the main feature to check. Fortunately, Suxxess FX is a regulated broker operating under the supervision of the Financial Services Authority of Seychelles under license number SD204.
This means that the broker has a right to operate in certain parts of the world, we recommend you to check out if it includes your country. It also sets a legal set of rules and regulations that broker must follow while providing its services. Nonetheless, remember that regulations alone are never enough. You should always verify that a broker has a standing track record of operating within legal limits.
Final Verdict
SuxxessFX presents itself as a modern broker with a diverse selection of trading instruments and a user-friendly trading platform. On its trading site, traders have access to forex, stocks, indices, commodities, metals, and cryptocurrencies. This allows them to diversify their portfolios across various global markets.
On another note, the broker is regulated by the Financial Services Authority (FSA) of Seychelles, which adds a degree of operational credibility. Still, traders should always remain cautious and do their due diligence, especially with newer brokers in the industry. Testing the broker’s offering through the demo account could be a great step in determining whether the broker is suited for your individual needs and preferences.