Overview of Superpipsfx
Superpipsfx, founded in 2013 and based in the United States, is a non-regulated online trading broker offering forex, indices, shares, energies, metals, and cryptocurrencies. It provides trading services via the widely used MetaTrader 4 platform, featuring varying leverage options up to 1:30 for major forex pairs. Superpipsfx offers five account types, namely Basic, Advanced, Luxury, Legend, and Forex Signals, starting at a $500 minimum deposit. The broker advertises extensive educational resources and robust customer support.
Pros and Cons
Superpipsfx offers six instruments, including forex, metals, energies, indices, shares, and cryptocurrencies, along with five different account types. Superpipsfx also utilizies the MetaTrader 4 platform, known for its user-friendly interface and advanced trading tools. Additionally, the broker offers competitive spreads and leverage options.
However, the lack of regulatory oversight poses significant risks, as there is no external body to ensure compliance with industry standards or to safeguard client funds. The broker's restriction to Bitcoin for deposits and withdrawals, while providing quick and secure transactions, could be inconvenient for those unfamiliar with cryptocurrencies. Furthermore, the limited selection of cryptocurrencies, high overnight swap fees on certain assets, and the absence of traditional payment methods like bank transfers and credit/debit cards can be drawbacks for some traders.
Is Superpipsfx legit or a scam？
Superpipsfx Inc currently does not have regulation by any recognized financial authority. The absence of regulation means that Superpipsfx lacks oversight from agencies responsible for ensuring fair trading practices, financial security, and transparency.
Market Instruments
Forex
Superpipsfx provides access to the largest financial market in the world, with over $5 trillion traded daily. Traders can engage in forex trading 24 hours a day, five days a week. The broker offers major, minor, and exotic currency pairs with leverage options up to 1:30.
Major Pairs:
EUR/USD
GBP/USD
USD/JPY
USD/CHF
USD/CAD
Minor Pairs:
AUD/USD
NZD/USD
EUR/GBP
EUR/AUD
Exotic Pairs:
Metals
Traders can trade with derivatives on precious metals. Superpipsfx offers trading on gold, silver, palladium, and platinum. These instruments are popular for hedging against market volatility and economic uncertainty.
Popular Metals:
Indices
Superpipsfx provides access to major global indices, allowing traders to speculate on the performance of entire economies or sectors. The broker offers competitive spreads and low margin requirements for trading indices.
Popular Indices:
USA500 (S&P 500)
UK100 (FTSE 100)
GER30 (DAX 30)
JPN225 (Nikkei 225)
Shares
Traders can engage in CFD trading on shares of some of the worlds largest and well-known companies. This allows for speculation on price movements without owning the actual shares, benefiting from leverage and competitive commissions.
Popular Shares:
AAPL (Apple)
AMZN (Amazon)
MSFT (Microsoft)
TSLA (Tesla)
Cryptocurrencies
Superpipsfx supports trading in popular cryptocurrencies, offering a gateway to this volatile and rapidly growing market. The brokers platform enables buying and selling of digital currencies with competitive spreads and robust security measures.
Popular Cryptocurrencies:
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Ripple (XRP)
Energies
Superpipsfx offers trading in energy commodities, providing opportunities for hedging against market fluctuations. The broker supports derivatives trading on both crude oil and natural gas with competitive spreads and leverage.
Popular Energies:
UKOIL (UK Brent Oil)
USOIL (US Crude Oil)
Account Types
Basic Account requires a $500 deposit, promising a minimum expected profit of $1,000 and a maximum profit of 45%. Key features include risk management, trader education, and tax-free spread betting.
Advanced Plan requires a $1,500 deposit, advertising for a minimum $1,500 profit and maximum profit of 45%, with trader education, risk management, and spread betting benefits.
Luxury Plan necessitates a $15,000 deposit, targeting a $50,000 minimum profit and maximum profit of 45%, with similar features plus premium education and risk management.
Legend Plan mandates a $50,000 deposit, seeking $100,000 minimum profit and up to 45% maximum, including all advanced features with top-tier benefits.
Forex Signals Account delivers up to 10 signals per day with a 95% success rate, 24/7 support, and bitcoin-only payments, offering access to tighter spreads, advanced tools, and broker compatibility.
How to Open an Account with Superpipsfx
Register: Go to the Superpipsfx website, click “Open an Account,” and choose your preferred account type. Fill out the registration form with your personal details, including your name, email, and gender.
Verification: After submitting the form, verify your email by clicking on the link sent to your inbox. Complete the verification process by providing identification documents, such as a government-issued ID and proof of address.
Fund: Once verified, fund your account using one of the accepted methods, including Bitcoin. Deposit the minimum amount required for your selected account type.
Set Up: Log in to the MetaTrader 4 platform provided by Superpipsfx. Customize your trading interface and settings, and utilize the educational resources to get acquainted with the platform and trading tools.
Start Trading: Access the range of financial instruments offered by Superpipsfx and start trading. Apply your strategies and manage your trades. If you have a Forex Signals account, use the provided signals to guide your trading decisions.
Leverage
For major forex pairs, traders can access leverage up to 1:30. Minor forex pairs and indices come with leverage up to 1:20. Metals and energies are offered with leverage up to 1:10, and shares have leverage up to 1:5.
Spreads & Commissions
For forex trading, the spreads start at 1.2 pips for EUR/USD and typically range up to 1.9 pips for USD/CAD, among others. Energy trading comes with spreads like 0.05 USD per unit for UK Brent Oil and US Crude Oil. In precious metals, the spread for XAU/USD (Gold) is around 0.19 USD per unit. These spreads are influenced by market conditions. In indices trading, spreads range from AUS200 at 1.3 points to USA100 at 2.01 points. For shares trading, the broker charges a 0.1% commission, while spreads start as low as 0.04 per unit.
Other Fees
Superpipsfx charges overnight interest fees (swap rates). Swap fees apply when positions are held overnight, varying by asset and trade direction.
For forex major pairs, EUR/USD swap rates are -0.7 points for short positions and -6.0 points for long positions. For GBP/USD, the rates are -3.0 points for short positions and -4.5 points for long positions, while USD/JPY has rates of -4.5 points for short positions and -1.5 points for long positions.
For forex minor pairs, USD/RUB swap rates are 0.0 points for short positions and -300.0 points for long positions.
For metals, XAU/USD (gold) swap rates are -0.9 points for short positions and -5.6 points for long positions.
For energies, USO/IL.S (US Crude Oil) has swap rates of -0.5 points for short positions and -3.0 points for long positions.
For indices, USA500 (US SPX500) swap rates are -0.5 points for short positions and -0.85 points for long positions.
For shares, AMAZON has swap rates of -1.99 points for short positions and -21.04 points for long positions.
These rates are updated daily based on market conditions and liquidity.
Trading Platform
This broker offers MetaTrader 4 (MT4) trading platform, which furnishes traders with a comprehensive array of analytical instruments, customizable indicators, and automated trading functionalities. Moreover, Superpipsfx proffers its proprietary trading platform, replete with a user-friendly interface, advanced charting capabilities, and integrated risk management tools.
Deposit & Withdrawal
Superpipsfx accepts Bitcoin as a payment method for deposits and withdrawals.
Customer Support
Address
1st San Marino Terrace, Jl. Miami , USA 30303
Email
Phone
Contact form and Online live chat are available
Educational Resources
Daily Market Analysis:
Superpipsfx delivers detailed daily market analysis, offering timely news and insights from top financial experts.
FAQs:
The FAQ section covers a wide range of topics related to trading and cryptocurrencies. It provides answers to common questions such as the basics of Bitcoin, its development, how Bitcoin mining works, and its potential regulation.
Blog Posts:
The blog section includes a variety of articles that delve into the risks and rewards of investing in Bitcoin, the history and impact of cryptocurrencies, and the individuals involved in the cryptocurrency space.
Conclusion
Superpipsfx Inc is a non-regulated broker offering trading in forex, indices, shares, energies, metals, and cryptocurrencies via MetaTrader 4. The broker provides various account types with competitive spreads and high leverage, but the absence of regulation is a major disadvantage. Payment methods are restricted to Bitcoin, potentially excluding traders unfamiliar with cryptocurrencies. Despite delivering advanced trading tools and educational resources, there are high overnight swap fees, limited crypto offerings, and absence of traditional deposit and withdrawal options.
FAQs
Q: Is Superpipsfx regulated？A: No, Superpipsfx lacks regulation by any financial authority.
Q: What assets can I trade at Superpipsfx？A: Superpipsfx allows trading in forex pairs, indices, shares, energies, metals, and cryptocurrencies.
Q: What account options are available？A: Superpipsfx offers five account types: Basic, Advanced, Luxury, Legend, and Forex Signals.
Q: How much is required for a deposit？A: The minimum deposits are $500 (Basic), $1,500 (Advanced), $15,000 (Luxury), and $50,000 (Legend).
Q: Which platform does Superpipsfx support？A: Superpipsfx supports MetaTrader 4 (MT4).
Q: What fees should traders be aware of？A: Be mindful of overnight swap fees on positions, which vary depending on the asset.
Q: What deposit/withdrawal methods are available？A: Only Bitcoin is accepted for deposits and withdrawals.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.
Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.
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