Overview of SUPER BINARY

SUPER BINARY is an unregulated online forex and binary options broker that was founded in 2017. The broker is headquartered in India and offers a variety of trading instruments, including forex, indices, commodities, stocks, and cryptocurrency. SUPER BINARY provides five account types for investors: Mini, Silver, Gold, Platinum, and VIP. The minimum deposit is $5 and the maximum leverage is up to 1:100. SUPER BINARY's trading platform is web-based and offers a variety of built-in indicators. The broker also offers a demo account so that traders can practice their trading strategies without risking any money.

Pros and Cons

Pros

1. Low Minimum Deposit: SUPER BINARY offers a relatively low minimum deposit of $5, making it accessible to a wider range of traders, including those with limited capital. This allows beginners to test the waters without significant upfront investment.

2. Maximum Leverage: SUPER BINARY provides maximum leverage of up to 1:100. Leverage can amplify potential profits, but it also magnifies losses. Traders should exercise caution and understand the associated risks before utilizing high leverage.

3. Demo Account Availability: SUPER BINARY offers a demo account, enabling traders to practice their trading strategies without risking real money. This provides a valuable opportunity to familiarize oneself with the platform and trading mechanics before committing actual funds.

4. Variety of Tradable Assets: SUPER BINARY offers a wide range of tradable assets, including forex, indices, commodities, stocks, and cryptocurrency. This diversity allows traders to diversify their portfolios and pursue opportunities across various markets.

5. Customer Support Channels: SUPER BINARY provides customer support via email and live chat. These channels facilitate easy communication for traders seeking assistance with platform usage, account management, or trading-related queries.

Cons

1. Unregulated Status: SUPER BINARY operates as an unregulated broker, meaning it is not subject to oversight from any regulatory body. This raises concerns about potential fraud or unethical practices, as there is no external mechanism to safeguard traders' interests.

2. Web-based Trading Platform: SUPER BINARY utilizes a web-based trading platform. While web-based platforms offer accessibility and convenience, they may not be as sophisticated as some desktop-based platforms, potentially limiting advanced charting and analysis tools.

3. Trader Complaints: SUPER BINARY has faced complaints from traders regarding difficulties in withdrawing funds. These concerns raise doubts about the broker's liquidity and ability to fulfill its financial obligations to its clients.

4. Potential Ponzi Scheme: There are suspicions that SUPER BINARY may be operating as an illegal Ponzi scheme. Ponzi schemes involve paying early investors with funds from later investors, leading to eventual collapse and losses for all participants.

Regulatory Status

Operating as an unregulated broker means that SUPER BINARY is not subject to the oversight and regulations of any reputable financial watchdog, such as the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the US. This lack of regulation raises significant concerns about the broker's trustworthiness and potential for unethical practices.

Operating without any regulated licenses is a major red flag for any forex or binary options broker. It indicates a lack of accountability, transparency, and potential for unethical behavior. Traders should strongly consider trading with regulated brokers to minimize these risks and protect their investments.

Market Instruments

SUPER BINARY offers a variety of products to suit the needs of different traders. These include:

1. Forex: Forex trading involves speculating on the future direction of currency pairs. SUPER BINARY offers a wide range of forex pairs, including major pairs, minor pairs, and exotic pairs.

2. Indices: Index trading involves speculating on the future direction of stock market indices. SUPER BINARY offers a variety of indices, including major indices, sector indices, and country indices.

3. Commodities: Commodity trading involves speculating on the future direction of the prices of various commodities, such as gold, oil, and silver. SUPER BINARY offers a variety of commodities, including agricultural commodities, energy commodities, and precious metals.

4. Stocks: Stock trading involves buying and selling shares of individual companies. SUPER BINARY offers trading in a limited number of stocks.

5. Cryptocurrency: Cryptocurrency trading is a relatively new type of trading that involves speculating on the future direction of the prices of various cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. SUPER BINARY offers trading in a limited number of cryptocurrencies.

SUPER BINARY also offers a variety of trading options, including call options, put options, and digital options. Options trading is a type of trading that allows traders to buy or sell the right, but not the obligation, to buy or sell an underlying asset at a predetermined price on or before a specified date.

Account Types

Here is a description of each account type offered by SUPER BINARY:

Mini Account: The Mini account is the most basic account type offered by SUPER BINARY. It has a minimum deposit of $250 — $3,000and no maximum deposit. Mini account holders receive a 20% bonus on their first deposit and have access to all of the broker's trading instruments and platforms.Silver Account: The Silver account is a mid-tier account type offered by SUPER BINARY. It has a minimum deposit of$3,001 — $10,000 and no maximum deposit. Silver account holders receive a 30% bonus on their first deposit and have access to all of the broker's trading instruments and platforms, as well as personalized customer support.

Gold Account: The Gold account is a premium account type offered by SUPER BINARY. It has a minimum deposit of $10,001 — $50,000 and no maximum deposit. Gold account holders receive a 40% bonus on their first deposit and have access to all of the broker's trading instruments and platforms, as well as personalized customer support and exclusive trading signals.Platinum Account: The Platinum account is the top-tier account type offered by SUPER BINARY. It has a minimum deposit of $50,001 — $100,000, no maximum deposit. Platinum account holders receive a 50% bonus on their first deposit and have access to all of the broker's trading instruments and platforms, as well as personalized customer support, exclusive trading signals, and a dedicated account manager.

VIP Account: The VIP account is an exclusive account type offered by SUPER BINARY to a select group of traders. It has a minimum deposit of from $100,001 and no maximum deposit. VIP account holders receive a 60% bonus on their first deposit and have access to all of the broker's trading instruments and platforms, as well as personalized customer support, exclusive trading signals, a dedicated account manager, and access to exclusive VIP events.

How to Open an Account？

Opening an account with SUPER BINARY involves a simple and straightforward process. Here's a step-by-step guide on how to open an account:

1. Visit the SUPER BINARY website: Navigate to the official SUPER BINARY website using a web browser.

2. Locate the Account Opening Button: On the homepage, look for the prominent “Open Account” button or link. This will typically be located in the top right corner or along the main navigation bar.

3. Initiate Account Opening: Click on the “Open Account” button to begin the account creation process. You'll be redirected to a dedicated account opening page.

4. Provide Personal Information: Enter your personal details, including your full name, email address, phone number, and country of residence. Ensure the information is accurate and complete.

5. Set Account Credentials: Create a secure password for your account. Choose a strong password that is difficult to guess and includes a combination of upper and lowercase letters, numbers, and symbols.

6. Accept Terms and Conditions: Carefully review the SUPER BINARY Terms and Conditions and Privacy Policy. You must agree to these terms to proceed with account opening.

7. Verify Email Address: Check your email for a verification message from SUPER BINARY. Click on the verification link to confirm your email address and activate your account.

8. Complete Profile Details: Once your email is verified, you may be asked to provide additional information, such as your date of birth and trading experience.

9. Verify Identity: SUPER BINARY may require you to verify your identity for regulatory compliance purposes. This may involve uploading a copy of your government-issued ID or other verification documents.

10. Deposit Funds: Once your account is fully verified and activated, you can proceed to fund your account. SUPER BINARY offers various deposit methods, such as bank transfer, credit card, and e-wallets.

11. Start Trading: Upon successful deposit, you can now access the SUPER BINARY trading platform and start trading your chosen instruments.

Spreads & Commissions

Spreads

SUPER BINARY offers variable spreads on its trading instruments. This means that the difference between the bid and ask prices can change depending on market conditions. Spreads are typically wider during periods of low market volatility and narrower during periods of high market volatility.

Commissions

SUPER BINARY does not charge any commissions on trades. This means that traders only pay the spread when they open and close positions.

Here is a table of typical spreads for some of SUPER BINARY's most popular trading instruments:

Overall, SUPER BINARY's spreads and commissions are competitive. The broker's variable spreads offer traders the potential to profit from tight markets, and the absence of commissions further reduces trading costs.

Leverage

SUPER BINARY offers a maximum leverage of up to 1:100, which means that a trader can control a position of 100 times the size of their deposit. This can be a significant advantage, as it allows traders to magnify their profits. However, it also comes with significant risks, as it can also magnify losses. Traders should use leverage with caution and only trade with money that they can afford to lose.

Trading Platform

SUPER BINARY Trading Platform

SUPER BINARY offers a web-based trading platform that can be accessed from any web browser. The platform is designed to be user-friendly and easy to navigate, even for beginners. It offers a variety of features, including:

• A wide range of trading instruments: SUPER BINARY offers a wide range of trading instruments, including forex, indices, commodities, stocks, and cryptocurrency.

• Technical analysis tools: The platform provides a variety of technical analysis tools, such as charting tools, indicators, and drawing tools.

• Order execution: The platform offers a variety of order execution options, including market orders, limit orders, and stop-loss orders.

• Account management: Traders can manage their accounts from the platform, including depositing and withdrawing funds, viewing their trading history, and managing their risk settings.

While the SUPER BINARY trading platform appears to be user-friendly and feature-rich, there is limited information available about its specific features and functionality. Additionally, as SUPER BINARY is an unregulated broker, there is no independent verification of the platform's security or performance.

Overall, the SUPER BINARY trading platform appears to be a basic and functional platform that may be suitable for beginners. However, due to the lack of detailed information and the broker's unregulated status, traders should exercise caution and conduct thorough research before using the platform.

Deposit & Withdrawal

SUPER BINARY offers a variety of payment methods for both deposits and withdrawals. The specific methods available may vary depending on the trader's region. Some of the most common payment methods include:

• Bank transfer: Bank transfers are a secure and convenient way to deposit and withdraw funds. However, they can also be slow, especially for international transfers.

• Credit card: Credit cards are another popular payment method for deposits and withdrawals. However, SUPER BINARY may charge a fee for credit card deposits and withdrawals.

• E-wallets: E-wallets, such as Skrill and Neteller, are a fast and convenient way to deposit and withdraw funds. However, they may also charge fees for transactions.

SUPER BINARY does not charge any fees for deposits. However, there may be fees associated with withdrawals, depending on the payment method used. For example, SUPER BINARY may charge a fee of $30 for bank transfer withdrawals.

Here is a table summarizing the payment methods and fees for SUPER BINARY:

Customer Support

SUPER BINARY provides exceptional customer support service, designed to meet the needs of their customers promptly and effectively. Their support can be reached through the contact number +91 8071279454. The customer support team is fluent in English, ensuring they can effectively communicate and resolve issues for a broad customer base. Customers can also make use of the two provided email addresses for non-urgent queries or detailed discussions. These email addresses are support@superbinary.com and customers@superbinary.com. Super Binarys approach to customer support is to ensure each query receives personalized attention and prompt response, maintaining a high level of professionalism and showing their commitment to providing superior service.

Educational Resources

SUPER BINARY provides a variety of educational resources to help traders learn about forex and binary options trading. These resources include:

• Webinars: SUPER BINARY hosts webinars on a regular basis that cover a variety of topics, such as basic trading strategies, risk management, and technical analysis.

• Articles: SUPER BINARY publishes articles on its website that provide traders with information about different trading topics.

• Video tutorials: SUPER BINARY offers video tutorials that teach traders how to use its trading platform and how to place trades.

• Trading signals: SUPER BINARY provides trading signals that are based on the analysis of its proprietary trading algorithms.

• Copy trading: SUPER BINARY offers a copy trading feature that allows traders to copy the trades of experienced traders.

Overall, the educational resources offered by SUPER BINARY are comprehensive and can be a valuable resource for traders who are new to forex and binary options trading. However, it is important to note that these resources are provided by SUPER BINARY itself, and there is no independent verification of their quality or accuracy.

Conclusion

SUPER BINARY is an unregulated forex and binary options broker that offers a variety of trading instruments, including forex, indices, commodities, stocks, and cryptocurrency. The broker provides a web-based trading platform and offers a variety of account types, including Mini, Silver, Gold, Platinum, and VIP. SUPER BINARY also offers a demo account and a variety of educational resources.

However, there are a number of concerns about SUPER BINARY, including the fact that it is unregulated. This means that there is no independent authority to regulate the broker's activities or to protect traders from fraud or other unethical practices. Additionally, there have been complaints from traders about difficulty withdrawing funds from SUPER BINARY.

Overall, SUPER BINARY is a risky broker that should only be considered by experienced traders who are comfortable with the risks involved.

FAQs

Q: What trading platforms does SUPER BINARY offer？

A: SUPER BINARY offers a web-based trading platform.

Q: What account types does SUPER BINARY offer？

A: SUPER BINARY offers five account types: Mini, Silver, Gold, Platinum, and VIP. Each account type has different minimum deposit requirements, features, and benefits.

Q: Does SUPER BINARY offer a demo account？

A: Yes, SUPER BINARY offers a demo account. This allows traders to practice trading with virtual funds before they commit any real money.

Q: Does SUPER BINARY offer educational resources？

A: Yes, SUPER BINARY offers a variety of educational resources, including webinars, articles, video tutorials, trading signals, and copy trading.

Q: What is customer support like for SUPER BINARY？

A: SUPER BINARY offers customer support via email and live chat. However, there have been complaints from traders about the quality of the customer support.

Q: Should I trade with SUPER BINARY？

A: Whether or not you should trade with SUPER BINARY is a decision that you should make yourself. You should carefully consider the risks and benefits of trading with an unregulated broker before making a decision.