About its history and mission
SuperForex, with its foundation set in 2013, aimed at serving innovative yet cost-effective trading solutions to the global clientele seeking different kinds of financial instruments. The broker is offering several user-friendly, competitive trading platforms.
- Founded
- 2013
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- A wide selection of real accounts allows traders to find the optimal option according to their preferences
- There is a free demo account, and the minimum deposit is below the market average, providing an optimal entry threshold for beginners
- Regardless of the trader's level, educational materials and technical and fundamental analysis tools offered by the broker are beneficial
- Hundreds of assets from six different groups combined with high leverage provide unprecedented profit potential
- A wide selection of real accounts allows traders to find the optimal option according to their preferences
- There is a free demo account, and the minimum deposit is below the market average, providing an optimal entry threshold for beginners
- Regardless of the trader's level, educational materials and technical and fundamental analysis tools offered by the broker are beneficial
- Hundreds of assets from six different groups combined with high leverage provide unprecedented profit potential
Weaknesses
- Clients of the broker can only trade through MetaTrader 4; other trading platforms are not available
- Traders from Australia, Ukraine, North Korea, and some other countries cannot work with this broker
- The company's activities are regulated by the International Financial Services Commission of Belize (IFSC), which is not the most popular regulator
- Clients of the broker can only trade through MetaTrader 4; other trading platforms are not available
- Traders from Australia, Ukraine, North Korea, and some other countries cannot work with this broker
- The company's activities are regulated by the International Financial Services Commission of Belize (IFSC), which is not the most popular regulator
Safety and Regulations
IFSC (International Financial Services Commission) gives SuperForex a license making it a company operating under due and secure conditions while operating its forex trading service. GDPR and the financial laws apply, and the same pertains to its establishment in Singapore after an interval of more than four years.
Regulators
- IFSC
Instruments Available
Types of Accounts
Fees and Charges
Trading Platforms
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
History & Establishment
Mission and Vision
Global Business
Pros & Cons
Security & Regulation
Tradeable Asset Classes
Users reviews
Peter
Apr 15, 2024
SuperForex: A Cautionary Tale Navigating the world of trading is already a challenging endeavor, but dealing with an untrustworthy broker makes the experience even more difficult. It's baffling how this company has been allowed to continue its operations for so long. I feel compelled to warn potential clients to steer clear to avoid unnecessary stress and disappointment. Here's why I feel this way: I participated in the Gold Rush #100 and was required to leave a positive review as part of the conditions. I apologize to anyone I unintentionally misled. After receiving my $100 prize, my account was abruptly wiped out due to a mysterious entity they call the "SYSTEM." Despite my initial skepticism, I ignored the warning signs and decided to invest further with them, hoping for a beneficial partnership. Instead, I found myself caught in a long-running scam, with unexplained losses becoming a regular occurrence. Reaching out to their customer support is an exercise in frustration. The service is unhelpful, and you're left dealing with a confusing and unforgiving "SYSTEM" that seems to act on random whims. Trying to withdraw any earnings is met with a barrage of nonsensical excuses that leave you feeling helpless. It’s as if you’re pleading for what rightfully belongs to you. Persisting with questions about payment delays only results in more unsatisfactory responses. Ultimately, they always seem to have an excuse for every issue they're accused of. I hope my experience serves as a warning. How you choose to proceed with this information is entirely up to you, but I felt it necessary to share my story.
Dauren Karimbayev
Apr 14, 2024
I had an amazing experience winning Gold Rush #116 for the first time without any issues. The excitement was truly incredible. I really appreciate Superforex for organizing this contest.
Zola Peter Sebelebele
Apr 13, 2024
I had a disappointing experience with this broker. I initially deposited 50 ZAR and successfully increased it to 320 ZAR through forex trading. When I attempted to withdraw my funds, they claimed to have processed the withdrawal, deducting 30 ZAR as a fee. However, I only received 90 ZAR in my bank account instead of the expected 290 ZAR. Additionally, while trading NASDAQ and GBP/JPY, my profitable trades suddenly closed on their own just as I was nearing a substantial gain of 100,000 cents. This needs urgent attention, or I will consider reporting this to the FSCA for potentially manipulating the forex market to cause losses deliberately.
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