Sushi 2025 Review: Everything You Need to Know
In this comprehensive review of Sushi, we delve into the strengths and weaknesses of this forex broker as highlighted by various user experiences and expert opinions. The consensus indicates that while Sushi offers a user-friendly interface and innovative trading tools, it is marred by significant concerns regarding regulation and overall trustworthiness.
Note: It is crucial to recognize that Sushi operates through different entities across various regions, which may impact the level of service and regulation applicable to users. This review aims to present a fair and accurate assessment based on available data.
Ratings Overview
We assess brokers based on a combination of user feedback, expert analysis, and factual data.
Broker Overview
Sushi, founded in 2024, operates as an online trading platform under the name Sushi Global Investing Limited. It primarily offers trading services for forex, commodities, and cryptocurrencies through a web-based platform. However, it is important to note that Sushi is not regulated by any major financial authority, raising concerns about the safety of user funds. The platform does not support popular trading software like MT4 or MT5, which may deter experienced traders used to these tools.
Detailed Section
Regulatory Geography
Sushi operates without any regulatory oversight, which is a significant red flag for potential users. This lack of regulation means that there are no guarantees for the safety of funds or recourse in the event of issues with the broker. Users should be cautious when engaging with unregulated brokers, as they may face difficulties in withdrawing funds or dealing with customer service.
Deposit/Withdrawal Currencies
Sushi supports multiple base currencies, including USD, GBP, and EUR. However, users should be aware of potential currency conversion fees if their bank account currency differs from their trading account currency. The platform claims to have no deposit fees, which is a positive aspect for new traders looking to start with minimal costs.
Minimum Deposit
The minimum deposit requirement for opening an account with Sushi is set at $0, which is appealing for novice traders. However, this low barrier to entry does not compensate for the lack of regulatory protection and trust issues highlighted by users and experts alike.
Currently, there are no notable promotions or bonuses offered by Sushi. This lack of incentives may affect its competitiveness compared to other brokers that provide bonuses for new accounts or trading activities.
Tradable Asset Categories
Sushi allows trading in a variety of asset classes, including forex, commodities, and cryptocurrencies. However, it does not offer stock trading or access to ETFs, which limits the investment options for users seeking a diverse portfolio.
Costs (Spreads, Fees, Commissions)
Sushi's trading fees are primarily derived from the spreads, which can vary based on the asset being traded. While there are no inactivity fees reported, the lack of transparency regarding spreads and commissions can be a concern for traders looking for clarity in their trading costs.
Leverage
The platform offers leverage up to 1:10, which is relatively low compared to industry standards. This limited leverage may not appeal to traders looking for higher risk and reward opportunities.
Sushi does not support popular trading platforms like MT4 or MT5, which may deter experienced traders who rely on advanced charting and analysis tools. Instead, users must trade through Sushi's proprietary web platform, which may lack some features found in more established trading software.
Restricted Regions
Due to its unregulated status, Sushi may face restrictions in certain countries. Users should verify whether they can legally trade on the platform based on their geographical location.
Available Customer Service Languages
Sushi offers customer support primarily in English, which may limit accessibility for non-English speaking users. The platform provides email support and live chat options, but users have reported slow response times, which can be frustrating when immediate assistance is needed.
Ratings Overview (Revised)
Detailed Breakdown
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Account Conditions (4/10): While the minimum deposit is appealing, the lack of regulatory oversight raises concerns about user safety.
Tools and Resources (6/10): The platform offers basic trading tools but lacks advanced features found in more established brokers.
Customer Service and Support (5/10): Users have reported slow response times, which can be detrimental during critical trading moments.
Trading Experience (4/10): The absence of popular trading platforms like MT4 or MT5 limits the trading experience for many users.
Trustworthiness (3/10): The unregulated status of Sushi is a significant concern, with many users expressing doubts about fund safety and withdrawal processes.
User Experience (5/10): The platform is user-friendly but may not meet the expectations of more experienced traders seeking advanced features.
In conclusion, while Sushi presents some appealing features for novice traders, the lack of regulation and transparency raises significant concerns. Users should approach this broker with caution and consider their investment goals and risk tolerance before proceeding.
