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/10

SuperForex

Belize|2-5 years|
White label MT4|Regional Brokers|High potential risk|

https://superforexid.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
SuperForex-Real MT4
Server Location Germany

Contact

+44 2045771579
support@superforex.com
https://superforexid.com/
5 Cork Street, 2 Floor, Belize City, Belize, C.A.

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 2045771579

Broker Information

More

Company Name

Finateqs Corp

Company Abbreviation

SuperForex

Platform registered country and region

Belize

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-05-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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SuperForex · Company Summary

BASIC INFORMATION:

SuperForex is a multi-asset online securities and derivatives broker offering 400+ instruments on the MetaTrader 4 platform with ECN and STP execution account types. SuperForex was founded in 2013 with a mission to make forex accessible and integrated into day-to-day lifestyle operations. Today, the broker operates in 150+ countries across the globe from headquarters in Belize. Office presence can be found across the world, including in Zambia, Malaysia, Indonesia, Zimbabwe and South Africa.

REGULATORY INFROMATION: LICENSE

No valid regulatory information

Please be aware of the risk!

MARKETS

SuperForex offer clients investment and trading asset opportunities in the following markets:

· Forex – 100+ currency pairs, major, minor and exotics

· Commodities – speculate on precious metals like gold and oil

· Indices – trade global indices including FTSE 100, DowJones, Nasdaq and S&P

· Cryptocurrencies – 10 popular digital currency USD pairs including Bitcoin, Ethereum and Litecoin

· Stocks – trade shares of some of the worlds top companies including Amazon, Apple, Tesla and IBM

TRADING FEES

Spreads offered by the broker vary depending on account type. These are fairly competitive vs similar brokers. ECN accounts benefit from floating spreads with direct market execution. Typical spreads on the STP standard account were USD/EUR 3 pips, USD/CAD 3.5 pips and GBP/JPY 6.5 pips. XAU/GBP was offered at 8 pips. Commission applies on the Profi STP account, including a $21.50 trade fee on some instruments. The broker charges swap rates for positions held overnight

LEVERAGE

SuperForex leverage rates also vary by account type, with rates going up to 1:2,000. This is very high so we would recommend implementing careful risk management strategies if using such high leverage. Crypto trading is only offered to a maximum leverage rate of 1:10.

ACCOUNT TYPES

SuperForex offers several real account types with either ECN or STP execution. Each account has different trading conditions, suitable for different strategies. Base currencies vary but include USD, EUR, GBP and ZAR account options reducing the need for sometimes costly exchanges.

ECN Execution

· Standard – $1/€1/£1 minimum deposit, $100,000 lot size, floating spreads

· Swap-Free – $1/€1/£1 minimum deposit, $100,000 lot size, floating spreads

· Standard Mini – $1/€1/£1 minimum deposit, $10,000 lot size, floating spreads

· Swap-Free Mini – $1/€1/£1 minimum deposit, $10,000 lot size, floating spreads

· Crypto – $100 minimum deposit, 10 BTC lot size, floating spreads, USD account currency only

STP Execution

· Crypto – $100 minimum deposit, 10 BTC lot size, fixed spreads, USD account currency only

· Standard – $1/€1 minimum deposit, $10,000 lot size, fixed spreads, forex copy included

· Profi STP – $500 minimum deposit, $100,000 lot size, 0 spreads, USD/EUR/GBP/ZAR account currencies only

· No Spread – $100/€100 minimum deposit, $100,000 lot size, 0 spreads, USD/EUR/GBP account currencies only

· Swap-Free – $1/€1 minimum deposit, $10,000 lot size, fixed spreads, forex copy included

· Micro Cent – $1/€1 minimum deposit, $3000/€3000 maximum deposit, 10,000 cents lot size, fixed spreads, USD/EUR account currencies only

PAYMENT METHODS

Deposits

Minimum deposit requirements vary, though the lowest limit is $1/£1/€1. SuperForex does not charge a fee for any deposit payment methods, although third-party bank charges or exchange fees may apply. Accounts may be opened in a range of base currencies. Payment method options include:

· Bank Wire Transfers – 2–4-day processing time

· Credit/Debit Cards – Instant processing. Includes Visa and Mastercard

· SuperForex Money – Instant processing. 7% discount as deposit cashback

· Electronic Payments – Instant processing. E-wallets including Skrill, Netller, Sticplay and Perfect MOney

· Local Payments – Instant processing. Transfer currencies include MYR, IDR, ZWD and NAD

· Cryptocurrencies – Instant processing. Accepted coins include Bitcoin, Dogecoin and Litecoin

Note that some methods may only be available in certain jurisdictions.

Withdrawals

SuperForex withdrawal charges do apply, varying by transaction method. Minimum withdrawal limits are applicable on some methods. Verified accounts will require a withdrawal pin code to be entered before funds can be removed from a live account.

· Cryptocurrencies – 1-3 hours processing time. 5% commission

· SuperForex Money – 1-3 business days processing. No commission

· Local Payments – 1-3 hours processing time. Local bank wire fees apply

· Electronic Payments – 1-3 hours processing time. Various commissions and fees applicable

· Credit/Debit Cards – 1-3 hours processing time. 3% commission +$7. Minimum withdrawal $20

· Bank Wire Transfers – All account currencies 2-4 business days withdrawal processing time, 3% commission +$35

DEMO ACCOUNT

A free demo account is available via the brokers website in USD or EUR currencies.

TRADING PLATFORMS

· Meta Trader 4

TRADING HOURS

Superforex follows standard office hours, available 07:00 to 17:00 GMT, and 24-hour trading hours Monday-Friday, though these timings may vary by instrument.

CUSTOMER SUPPORT

SuperForex offers several customer contacts options:

· Telephone – +442045771579

· Email – support@superforex.com

· Live Chat – logo located bottom right of each webpage

· Social Media – including Whatsapp, Twitter and Facebook

ACCEPTED COUNTRIES

Superforex accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders cannot use Superforex from Ukraine, United States

News

EFFECTIVE TRADING STRATEGY

NewsEFFECTIVE TRADING STRATEGY

2022-04-23 13:00

Are you thinking of your loss in forex and don’t know the type of forex strategy that you want to use? Are you on the lookout for the perfect one? We've compiled a list of the most effective trading techniques for you! Read the short descriptions of each one and pick which one best fits you.

WikiFX
2022-04-23 13:00
News
EFFECTIVE TRADING STRATEGY
What really is the situation with FX traders?

NewsWhat really is the situation with FX traders?

2022-04-21 12:33

Forex trading is causing a stir on social media, with many people drawn in by the promise of making a lot of money with little work, especially as a lucrative side gig. So, what's the issue with all the hullabaloo? Is it just a get-rich-quick gimmick, or can you truly start making millions?

WikiFX
2022-04-21 12:33
News
What really is the situation with FX traders?
EASTER MEETS RAMADAN: HIGH PRICES, 15.92% INFLATION, NIGERIANS SPEND 56% ON FOOD

NewsEASTER MEETS RAMADAN: HIGH PRICES, 15.92% INFLATION, NIGERIANS SPEND 56% ON FOOD

2022-04-20 12:01

The global rise in food prices is weighing on emerging and developing economies, and Nigerians are now spending more than 56% of their total income on food, as food inflation in the country approaches 18% after printing 17.20% year on year in March 2022, according to current National Bureau of Statistics (NBS) figures.

WikiFX
2022-04-20 12:01
News
EASTER MEETS RAMADAN: HIGH PRICES, 15.92% INFLATION, NIGERIANS SPEND 56% ON FOOD
Is SuperForex a scam or legit broker?

NewsIs SuperForex a scam or legit broker?

2021-12-16 18:12

No, it is not safe to trade with SuperForex. SuperForex is owned by SuperForex Ltd. which is an offshore company registered in Belize.

WikiFX
2021-12-16 18:12
News
Is SuperForex a scam or legit broker?

User Reviews

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NickHere
more than one year
Last year, I wanted to buy EUR/USD at 1.1200 through Superforex right when some big news came out. But because things were moving so fast and maybe the system was slow, I ended up buying it at 1.1230 instead. That means I got a worse price than I wanted, 30 pips higher. Now, if you look at their website, you can find places where they show these errors. It's like they're admitting there were problems, which proves I'm not the only one who had a bad time.
2024-02-23 15:52
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0
0
Cross
more than one year
SuperForex only needs one USD/EUR to open an account. This minimum threshold is really friendly. But after researching their website, I found that it doesn't mention their own regulatory license. If a forex company is heavily regulated, it should mention this on eye-catching places to reassure customers.
2023-03-15 10:15
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0
0
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