Today we introduce a broker that presents itself as a company operating in the Forex/CFD market under an official license. It offers traders a selection of the most popular and liquid trading instruments, attractive trading conditions, and a client-oriented terminal. All of this may well be of interest to many users. However, the question remains: is it worth trusting the company’s promises, or is this yet another scam project trying to lure in traders? To answer that question, we analyzed the platform’s offerings and other available online information. You’ll find the details in our Suxxess FX review.
Key Features
- Company Name: Suxxess FX Ltd
- Website: https://www.suxxessfx.com/
- Available Contacts: [email protected]; +551151784334
- Services: Forex/CFD trading
- License: № SD204 from Financial Services Authority (FSA) in Seychelles
- Initial Deposit: $250
From Sign-Up to Payout
The official Suxxess FX website is quite in line with the status of a regulated broker’s online presence. The web designers did a decent job: the layout is restrained yet filled with themed images. At the same time, the pages are optimized, ensuring fast loading times.
There are also no significant issues with the content. Interested visitors will have no problem finding answers to nearly all questions about the company and its trading offerings. To that end, the site includes:
- Brief descriptions of the available asset groups in the “Markets” section and contract specifications for all trading instruments in a separate .pdf file.
- A decent, though brief, presentation of the trading platform’s advantages.
- All legal documents outlining the interaction between the broker and the trader on the “Legal” page, and so on.
The creators of the site also did not forget about localization. Pages are available in the six most widely spoken languages: English, German, French, Italian, Spanish, and Portuguese. According to the broker itself, the customer support service is also multilingual.
The new client registration process deserves special mention. Some may find it overly lengthy or even tedious. However, we would say the firm collects all the data necessary to properly comply with the requirements of KYC and AML Policies. Additionally, during registration, a questionnaire is conducted, the results of which may be used to assign traders retail or professional status.
During the registration process, a new client can send copies of verification documents (proof of identity and address) to the company, and also fund the newly opened trading account. However, these two steps can be skipped and completed later from the personal account dashboard.
Note! The regulator that oversees the platform does not require such a strict set of personal data or oblige brokers to classify users into retail and professional categories. Nevertheless, the company’s actions in line with the requirements of reputable organizations can be considered an additional plus in terms of safety.
For non-trading operations, Suxxess FX clients can choose from nearly a dozen available methods. These include transactions via bank cards, electronic payment systems, and crypto wallets. Each method has its own features, advantages, and some drawbacks. Still, the company’s effort to ensure trader convenience, even in this regard is worthy of respect.
By the way, the company does not charge fees for non-trading operations. However, all payments to payment systems and agents are the trader’s responsibility both when depositing and withdrawing funds.
Our Trading Experience With Suxxess FX
We’ve already mentioned the company’s trading platform and noted that the broker has described its advantages quite thoroughly. This software is built around a chart widget from TradingView, providing users with a rich set of technical analysis tools (indicators and graphical objects) and extensive chart customization options.
A professional development team worked on the terminal around the widget, resulting in some well-thought-out solutions, such as:
- The trader can view full contract specifications almost instantly. Just open the neighboring tab in the chart window. While this sacrifices multi-chart functionality, the trade-off seems reasonable.
- Market Watch includes one of the best decision-making tools — market interest. It shows the ratio of long and short positions at the specific broker (in this case, Suxxess FX), and is considered fairly objective.
- The order control panel is well-organized and allows comfortable management of all order types.
In fact, for maximum efficiency, the only things missing are a few modes and functions, such as:
- Multi-chart mode.
- One-click trading.
- Built-in automated trading tools.
That said, the platform only slightly lags behind recognized leaders in trading software, such as the web versions of MetaTrader or cTrader. So, the project owners’ choice in its favor seems quite justified.
Note! The fact that the terminal is liked by brokers is also evidenced by its increasingly frequent use. We have already come across this software several times at licensed companies. Judging by user reviews, they also have virtually no complaints about the platform.
What clearly distinguishes Suxxess FX from many CFD brokers is its approach to disclosing trading conditions. Those who have already become familiar with the content of the official website may object that not all of them are shown on its pages. Indeed, in the list of trading accounts, a potential client can see only some general trade parameters:
- Maximum leverage — up to 1:200.
- Minimum position size — 0.01 standard lot.
- StopOut level — 5%.
Specific values of spreads and swaps are not defined in this table. However, the broker shows discounts from the standard values that apply to the Silver account. Gold account holders receive a 40% and 50% discount on spreads and swaps, respectively, and for Platinum, the spread discount increases to 60% and the swap discount to 75%.
This is quite sufficient to evaluate the broker’s trading offers and make an informed decision about cooperation and selecting the optimal account type. However, for a more detailed acquaintance with the trading conditions, one can refer to the contract specification file. We have already mentioned it — the company placed it via a link on the Legal page.
In addition to the parameters already listed, it includes:
- Minimum and maximum trade volumes for each asset.
- Swaps for long and short positions.
- Trading hours.
- Margin requirements.
Note! The latter is provided for both retail and professional traders. A calculation confirms that the maximum leverage is indeed 1:200. It should be noted that the Seychelles financial regulator is one of the few that does not impose restrictions on the leverage offered by brokers. Thus, setting its maximum at 1:200 is a decision made independently by Suxxess FX. Most likely, the company sought to limit traders’ risks to a level accepted by reputable regulators.
It should also be noted that the broker offers clients a demo account. This is a good option for beginners who need to get used to the platform’s interface with minimal knowledge and experience. It is no less useful for experienced traders who can test their own trading systems and strategies without the risk of losing funds.
The Reality Check
In the footer of the pages and in almost all documents on the Legal page, Suxxess FX mentions the company’s registration in Seychelles and its operation under a license issued by the local financial regulator.
As we can see, a check of the database of the Financial Services Authority (FSA) in Seychelles confirms this information. The company Suxxess FX Ltd is indeed a Securities Dealer, operates on the basis of a license obtained, and is represented online by the website suxxessfx.com.
What does this mean for traders? Full compliance of the company with the current laws and regulations of the regulator:
- Creation of accounts and storage of clients’ personal data in accordance with KYC policy provisions, including mandatory verification with submission of document copies.
- Ensuring the security of non-trading operations and client funds storage. The first is addressed by selecting the most secure payment methods and using modern encryption protocols and algorithms. The second is guaranteed by placing client funds in segregated bank accounts.
- When carrying out non-trading operations, AML policy requirements are strictly enforced. The broker requires confirmation of payment details and, if necessary, proof of the origin of funds.
- The company is required to participate in a compensation fund.
- Full disclosure is provided to clients regarding the services rendered, their conditions, and traders’ rights.
In general, all statements by the creators about safe trading and confidentiality are confirmed at the level of an official organization.
How Long Has Suxxess FX Been in the Game?
We obtained information about the broker’s launch date from data stored by the Whois service.
As we can see, it indicates the registration of the working domain suxxessfx.com in October 2023. Thus, we can say that the broker has existed for more than a year and a half. This is quite a solid age for new-wave companies providing services on the Forex/CFD market. It’s not surprising that during this time, the company’s employees managed to bring perfect order to the official website.
Is Suxxess FX the Right Fit?
Based on the Suxxess FX review materials, we can unequivocally confirm the data provided by the broker regarding the official registration of the company and its operation under a Securities Dealer license. We also note that the competitive trading conditions, a very decent terminal, security, and transparency of financial operations deserve traders’ attention. The rating given by users in reviews is well-deserved, as are the recommendations from current clients.
I don’t like the license these Suxxess FX guys have: what if they turn out to be scammers rather than a real trading platform where you can trade and earn money? It’s suspicious that they claim to offer supposedly profitable and safe trading. I haven’t taken the bait yet: I requested supporting documents from them because I’ve got my head on straight. I think it’s better this way than trying to get something back later.
We’ve been working closely with a Suxxess FX expert for the second month now. Everything’s great! He provides proper assistance, gives good analytics, and shares cool insights. If you’re also planning to work like this, I recommend spending at least a week learning. I understand it’s not for everyone, but it will give you the best results. I already understand which trading system suits me and how I will trade going forward. Yes, many aspects haven’t been tested yet: long-term support, withdrawals, but I feel like it’ll be fine!
My consultations really work. I like that the Suxxess FX manager sends me all the necessary information directly in my messenger. It’s convenient – I don’t have to constantly monitor the market myself because I receive analytics on major financial instruments, fresh news that can be used for trading entries, technical analysis, and various trading lifehacks. For example, how to handle losses more easily, what to pay attention to when entering the market, how much to withdraw for living expenses, and how to properly organize the work process. As for trading conditions, everything’s fine here too. Spreads are tight, the entry threshold is low, and the platform is convenient with all the necessary tools. There’s plenty to trade – all major currency pairs are available, and the overall asset selection is decent. There’s crypto, the stock market, metals – in short, something for every trading style. The main thing is to understand what you’re doing – then the results will come.