Honest review and traders’ feedback about the scam broker SuperForex.
Company Overview of SuperForex and Its Activities
SuperForex guarantees clients professional service, innovative technologies, and transparent policies. However, first-time visitors to the superforex.com website may face navigation difficulties due to the excess of information and poor translation. Our analysis of the company’s activities, trading conditions, and client feedback has shown that SuperForex deserves an extremely negative assessment. Keep reading to find out more.
Main Information about SuperForex
In 2013, the company SuperForex was registered in the offshore zone of Belize, which excludes clients from the USA. Nevertheless, after obtaining the IFSC license, the company tried to increase its trustworthiness. The main advantages of the IFSC license include:
- The company’s capital of not less than 500,000 euros,
- Money laundering prevention,
- Compliance with international financial standards,
- Insurance of client capital and guaranteed payments,
- Security and client funds protection.
SuperForex provides services to individual and corporate clients from more than 150 countries worldwide. Natixis, BNP PARIBAS, CitiBank, and UBS are liquidity providers for the company.
Technical support is available 24/5 via online chat, email, and messengers. However, client reviews claim that the support service is not always available.
SuperForex Trading Conditions
The broker offers various types of trading accounts, including STP and ECN. Each account type has its own features:
- Standard accounts,
- Swap-free accounts,
- Spread-free accounts,
- Cent micro accounts,
- Specialized accounts for professional traders,
- Cryptocurrency trading accounts.
Clients can choose accounts in different currencies, including exotic options.
SuperForex offers a demo account for practice without the ability to withdraw profits. The broker uses the MetaTrader 4 trading platform and provides the Pattern Graphix expert advisor for pattern identification.
Additional Services
The company educates traders through seminars and video tutorials. Additionally, a service for copying Forex trades, Forex Copy, is provided. A large number of bonuses and promotions are available to the company’s clients.
Account Funding and Withdrawal
SuperForex offers numerous methods for depositing and withdrawing funds without commissions. The minimum deposit is 1 euro. Withdrawals are made using the same method as deposits, with different fees and processing times.
Client Reviews
Reviews of SuperForex contain complaints about the company’s unethical behavior and refusal to pay clients. Our team does not recommend working with SuperForex due to fraudulent activities.