Suxxess FX Forex broker review — Everything you need to know

Suxxess FX is the company’s trade name and website name, and the broker behind it is also named the same Suxxess FX Ltd, which is a regulated broker offering tiered trading accounts and diverse asset access.

Below, we will provide a brief review of this broker and assess its safety, account features, trading costs, profit withdrawal options, customer support, and more. After reading this review, you will be able to define whether Suxxess FX can be tested with your hard-earned money.

Suxxess FX Overview of the website

The Suxxess FX website is simplistic yet modern-looking. It is responsive and not overcrowded with various media or colors, which is good for the user’s eyes. Navigating around is easy and convenient, and the interface is user-friendly. Every important information is accessible through the top menu panel, where everything is well-sorted into just three buttons, making it simple for even beginners to find crucial information about trading conditions.

Suxxess FX website incorporates live chat via an advanced plugin, enabling users to get timely assistance when needed, quickly and conveniently.

The website is mobile-friendly, allowing users to manage their accounts and trade on the go without issues.

Suxxess FX safety and licenses

Suxxess is a young broker that is overseen by the Financial Services Authority (‘FSA’) in Seychelles. As a regulated broker, Suxxess FX claims segregated accounts and strong AML policies, which are informed by the FSA.

There is no evidence that Suxxess FX offers negative balance protection, which is a major flaw as well, especially for retail beginner traders.

Suxxess FX Accounts Reviewed

Suxxess FX broker trading accounts are tiered accounts, and there are Silver, Gold, and Platinum tiers. The Silver is the lowest tier and Platinum is the highest tier account, offering better conditions. Below, we will briefly list the main specs for each of these accounts to see a clearer picture and evaluate how competitive the broker truly is.

Suxxess FX Silver Account

The silver account is an entry-level trading account with a commission-free trading environment, but the minimum deposit is high:

• Minimum deposit – 250 USD
• Maximum leverage – 1:200
• Spreads – Unknown
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

Suxxess FX Gold Account

The gold account has half the spreads of the silver account and offers the following conditions:

• Minimum deposit – Unknown
• Maximum leverage – 1:200
• Spreads – 50% discount on silver account spreads
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

Suxxess FX Platinum Account

The platinum offers the best conditions:

• Minimum deposit – Unknown
• Maximum leverage – 1:200
• Spreads – 75% discount on silver account spreads
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

As we can see, the broker does not disclose exact spreads and commissions for its accounts, making it difficult to evaluate how competitive it truly is. However, young brokers who hide their spreads do so because they usually have much higher spreads than their reputable counterparts.

Deposit and withdrawal options at Suxxess FX

Deposits are possible via credit/debit cards, bank transfers, and e-wallets, and withdrawals are also possible with the same range of methods. However, the broker specifies that the withdrawal bank account or payment method should match the details provided at the deposit. The broker supports multiple account base currencies, like USD, EUR, and GBP. The broker is not specific about fees or processing times for withdrawals, which is a serious drawback.

Suxxess FX Assets — What can you trade?

The broker provides access to a multitude of different assets, such as forex pairs, commodities, indices, stocks, and cryptos. Most of these assets are offered as CFDs, meaning traders can instantly buy or short sell any instrument without delays, which is very flexible. CFDs are especially useful when trading stocks and cryptos, enabling traders to generate profits from both rising and falling markets. The conditions are mostly unknown, indicating possible expensive spreads, which makes it difficult to generate profits with this broker.

Trading platforms of Suxxess FX

Trading platforms are something you do not immediately look for, but they play a crucial role in trading. Suxxess FX does not provide access to any of the advanced software, like MT4 or MT5. Instead, it provides its own custom web trading platform, which is far limited in features, limiting traders’ capability to analyze markets with advanced tools. There is no mobile app offered either, which is also a huge disadvantage for traders.

Education at Suxxess FX

The broker does not offer educational resources. There are no webinars, video guides, or trading courses available. Suxxess FX does not provide a trading blog either. There are no trading tools, indicators, or market updates available, which is also a drawback.

Suxxess FX Customer Support

Customer support experience of Suxxess FX is satisfactory as it offers live chat and email options. There is an online form that is provided using email, and the broker offers several phone numbers. The availability of a phone support option is a positive sign and enables traders to contact the broker quickly in urgent situations. Suxxess FX offers its services in multiple languages, making it a multilingual forex broker.

Suxxess FX bonuses and promotions

The broker falls short of promotional events as it does not offer bonuses or promotions. There are no welcome bonuses or deposit bonuses, which is a big drawback for this broker. No trading contests are available, which is also a serious downside for a young broker.

Is Suxxess FX your broker? Final verdict

Suxxess FX is a newly established forex broker regulated by the FSA of Seychelles. The broker offers tiered accounts and a clean, user-friendly website, but it lacks transparency about spreads, fees, and lacks advanced trading platforms. It also lacks educational resources, and there are no details disclosed about profit withdrawal procedures.

Overall, Suxxess FX is an offshore broker that is not very competitive and lacks many crucial features, which prevent it from becoming a competitive broker. The broker is not recommended, especially for beginners, as it lacks negative balance protection and is most likely very expensive, charging high spreads and fees.

FAQs on Suxxess FX broker

Where is Suxxess FX based?

Suxxess FX is based in Seychelles and regulated by the Financial Services Authority (FSA).

Can you withdraw from Suxxess FX?

Yes, withdrawals are possible via cards, bank transfers, and e-wallets, but details about fees and processing times are not disclosed.