Should you trust SupraTrade or not: an independent review, reviews
Analysis of SupraTrade Company: a Fresh Look at a Popular Broker
Despite the advertising claims of SupraTrade as a major player in the stock market, few are well-informed about it. According to traders, it is a suspicious firm that is better not to be trusted. However, should we believe these reviews? Let’s examine how the company operates, what conditions it offers, and whether one can benefit from cooperation.
Overview of SupraTrade’s Parent Company: Key Facts
The website supratrade.io does not look very reliable, which inevitably undermines trust in it. It is full of advertisements and promises but contains little real information about the company. Despite this, upon analysis, we were able to find some interesting details.
According to the company, they provide trading services on various markets such as Forex, stock, and commodity markets. They have some impressive numbers:
- over 200 trading instruments,
- 100,000 satisfied clients,
- over 300 professional traders.
However, it is advisable to be cautious before trusting this data. Just looking at the age of the domain name supratrade.io reveals that the presented statistics are far from the truth. The page was created only in June 2020, confirming that reviews about a fresh scam may be justified.
The official website does not list contact details for SupraTrade, but based on information from our review, you can contact their support service through the following channels:
- email address: support@supratrade.io,
- phone numbers: +7 499 213 11 93, 43720 81 54 74.
Registration Process on SupraTrade Website: What You Need to Know
As claimed by SupraTrade, only four steps separate you from financial success:
At the first stage, you need to complete registration and provide the following data:
- name,
- surname,
- email address,
- phone number,
- country of residence,
- password.
In the registration process on the SupraTrade platform, you will have to agree to the broker’s terms. According to user reviews, this could lead to financial problems. Let’s look at a few points from the client agreement:
- the company is not responsible for potential losses and missed profits,
- the broker has the right to terminate services without explanation,
- the company may refuse to pay profits without grounds.
SupraTrade Account Overview: Which One to Choose
For trading, SupraTrade offers the use of MT4. Reviews of this platform are not very flattering, as traders notice that it can be manipulated by scammers, which is confirmed by some former clients.
Let’s look at the available account types:
- Bronze. The minimum deposit for this account is only $100. Owners receive a 50% bonus, analytical materials, platform feature reviews,
- Silver. The required deposit is $1,000. Unlike Bronze, it offers assistance from a personal analyst,
- Gold. This account requires at least $10,000. Distinctive features: 75% bonus, weekly review with a financial analyst (30 min),
- Platinum. Minimum deposit – $25,000. Owners of this account get a 100% bonus, priority fund withdrawals, personalized planning and consultations,
- VIP. Significant contribution – $100,001. Users of this account have access to support, VIP trading tools, etc.
Client Reviews of SupraTrade Broker
Despite the short period of the company’s operation, there are many negative reviews from clients. Scammers have managed to cause a lot of trouble. Users complain about the fraudulent behavior of the company, deposit reductions, fake quotes, and the inability to withdraw funds.
SupraTrade Scam Activity: How the Scheme Works
SupraTrade is targeting novices, inexperienced in trading and broker selection. They do not provide a demo account, making the entry threshold extremely low and luring in newcomers.
Additionally, SupraTrade promises expert assistance. However, following their advice would only lead to losing money. The agreement clearly states that the company has the right to refuse payment, making fund withdrawal nearly impossible.
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Conclusions on SupraTrade Review
If your capital is valuable to you, avoid collaborating with SupraTrade. This company lacks a registration certificate or license. All promises on their website are pure deception!