General Information About the Broker
Succedo Markets broker review examines Succedo Markets (succedomarkets.com). The domain registered in December 2023. That is very recent, yet they claim long experience. Website contains broken features and placeholder content. That mismatch undermines credibility.
Claimed Licenses and Regulation
Succedo Markets broker review finds no valid regulation. Registration in Saint Lucia grants only IBC status, not actual forex licensing. FCA, SEC, ASIC have no records for this firm. BrokersView labels it unregulated and a scam.
Trading Conditions
The site lists Standard, ECN and VIP accounts. Claimed spreads and leverages appear inconsistent. ECN account label is deceptive with no interbank liquidity access. They hide minimum deposits and fee structures.
Trading Platform and Technology
Succedo Markets promotes MT5 access on web and mobile. But site has many broken links and lacks live chat. They don’t explain their technology, plugins or liquidity providers. Platform seems incomplete and unreliable.
Client Reviews and Feedback
User reviews warn of blocked withdrawals and retention agents demanding more funds. One exposure report says a user lost nearly $397,000 and still cannot withdraw. Trustpilot offers almost no reviews. Audit sites all indicate fraud risk.
Potential Scam Strategies
Succedo Markets likely uses cold calls to prompt deposits. They reportedly credit deposits to external wallets, not trading accounts. Withdrawal requests result in delays, excuses and demands for extra money. Trade results may be manipulated.
Expert Opinion
Experts strongly advise avoiding Succedo Markets. BrokersView states it’s not licensed and labels it as a scam. WikiFX and TraderKnows rate it high-risk or fraudulent. Security platforms block the site as suspicious.
Conclusion
The Succedo Markets broker review reveals serious red flags. Domain is very new, and licensing is false. ECN account claims are misleading, and trading conditions are opaque. User feedback shows blocked withdrawals and scams. Experts unanimously rate this broker high risk. Investors should avoid Succedo Markets (succedomarkets.com). Instead choose brokers regulated by authorities like FCA, ASIC, or CySEC, with transparent terms and positive independent reviews.
