Note: Super Crypto FX is to operate via the website - https://supercryptofx.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Super Crypto FX is allegedly a forex and CFD broker registered in the United States that claims to provide its clients with various tradable financial instruments with leverage up to 1:200 and average spreads of 1.5 pips via four different live account types.
As for regulation, it has been verified that Super Crypto FX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.17/10. Please be aware of the risk.
Market Instruments
Super Crypto FX advertises that it mainly offers trading in Forex, CFDs, and Cryptocurrencies.
Account Types
Super Crypto FX claims to offer four types of trading accounts - Starter, Platinum, Gold and Diamond, with minimum initial deposit requirements of $1,500, $10,000, $25,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The leverage provided by Super Crypto FX is capped at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.
Spreads
The average spread for trading currency pairs at Super Crypto FX is 1.5 pips, which is a level comparable to the industry norm.
Deposit & Withdrawal
In the Super Crypto FX deposit menu, we see options such as bank transfer, PerfectMoney, Western Union and cryptocurrencies. However, if one of the conventional payment methods is selected, a message comes up saying that the request has been accepted and we will receive feedback via email or phone. So basically the only active option is to send an amount to the specified Bitcoin wallet. The minimum initial deposit requirement is extremely high - up to $1,500.
The website states that there are transaction fees, but again does not state the exact amount.
Customer Support
Super Crypto FX‘s customer support can be reached by telephone: +1 929 460 0351, email: info@supercryptofx.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
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