What Account Types and Fees Does Succedo Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
All levels of traders |
Commission-free trading with competitive spreads |
Suitable for traders seeking basic trading conditions |
| Premium Account |
Beginner to intermediate traders |
Enhanced trading conditions with slightly higher spreads |
Ideal for those looking for better trading features |
| ECN Account |
Experienced traders |
Tighter spreads and commission-based pricing |
Designed for traders who value direct market access |
Account Opening Process
To open an account with Succedo Markets, traders must complete several steps. First, they need to provide personal information, including their name, address, and contact details. Following that, employment information and financial details are required to assess the trader’s suitability. Identity verification is also necessary, where traders must submit valid identification and proof of address. After completing these steps, traders can enjoy flexibility in their account type, as they may upgrade to a professional account later if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 1.5 |
$0 (Standard Account) |
Competitive spreads for standard trading |
| Forex (Minor Pairs) |
From 1.8 |
$0 (Premium Account) |
Higher spreads for premium conditions |
| CFDs (Stocks, Indices, Commodities) |
From 0.2 |
$7 per lot (ECN Account) |
Tighter spreads for ECN trading |
| Cryptocurrencies |
Variable |
Variable |
Depends on market conditions |
Other Fees
Traders should be aware of additional fees associated with trading at Succedo Markets. These may include deposit and withdrawal fees, which can vary based on the payment method used. Additionally, there may be inactivity fees applied to accounts that remain dormant for extended periods. Platform usage fees are typically not charged, and overnight interest (swap rates) may apply depending on the position held overnight. Furthermore, currency conversion fees could be incurred when trading in different currencies.
