SuperForex review and test – Is it a scam broker or not?
(4 / 5)
6 Classes, 400 markets
Variable from 0.0 Pips
Honesty is the most significant factor traders seek in a forex broker to entrust their investments with. How transparent is SuperForex? Does this broker really stand to its word as an honest broker? In this review, we will discuss SuperForex as a trading partner (broker). Together, we will find out if this firm can be trusted and if it is truly a legit Forex Broker.
What is SuperForex? – The company presented
SuperForex is a global broker founded in 2013 with a mission to make Forex available to everyone. The firm has been offering top-tier services that cover trading and investment in the financial markets for both individual and corporate clients in over 150 countries all around the globe. It offers its clients the ability to trade CFDs, Forex, cryptocurrencies, gold, metal, stock, oil, and indices.
According to the CEO of SuperForex, Vladimir Syrov, the firm has developed and implemented advanced technologies and first-class services in making trading as easy and convenient as possible. This broker offers its clients to be able to choose among a wide range of financial instruments for trading, investment, and funds management. Its pride is its highly professional team, which is always working on the development, betterment, and improvement of its products and services.
The goal of SuperForex is to exceed the client’s expectations. This goal is driven by SuperForex’s mission by making Forex trading services innovative and customizable worldwide, and available 24/7. SuperForex commits to giving its best in carrying out values of transparency and honesty to its clients.
Facts about SuperForex:
- Founded in 2013
- Global and accepts international traders
- Based in Belize
- Regulated and authorized
- Offers transparent and honest trading experience
- Offers investment with Forex and CFDs
(Risk Warning: Your capital can be at risk)
Is SuperForex regulated? – Regulation and safety for customers
A legit and authorized broker needs to pass criteria in order to operate with a license. Before trading with any broker of your choice, make sure that the broker is regulated and authorized. The broker needs to be examined before receiving the said license. This license is important because it will serve as your protection and as well as your ground to know if the broker is trusted.
SuperForex is a global broker with regulation by the International Financial Services Commission (IFSC). It has great respect for its customers and claims to provide an honest and transparent trading experience. With this said, SuperForex provides information about their company that clients can verify in order to make informed decisions and feel secure in working with them. The International Financial Services Commission ensures that SuperForex’s services are in agreement with international law. IFSC is a known regulator that examines the broker’s policies, services, and assets.
Also, Superforex is a registered trademark. The name and logo of SuperForex are protected by the Office for Harmonization of the Internal Market, with registration number 014199831.
SuperForex is regulated by the following:
Financial security for traders
The security of finances and investments is one of the important factors in choosing a broker to trade with. SuperForex promotes honest and transparent trading with its clients. The firm makes sure to provide its clients services in accordance with the requirements of international legislation regulating financial services. It offers insurance of the funds to guaranty payments for all of its clients. The firm gives its best to ensure maximum security for clients’ funds through a segregated funds policy.
SuperForex also offers traders excellent spreads on all major currency pairs and claims to be a no dealing desk broker. With this said, the company commits to giving clients a working relationship with many liquidity providers. These international institutions are the basis for the firm’s all-time and current bid and ask prices, that ensure trading guided by fairness and transparency.
There is also a Deposit Protection Program being offered by SuperForex. This program is a special feature that aims to ensure the client’s deposit before opening a deal and claiming back its full amount as a bonus if the client suffers a loss. The firm embraces its values as an honest broker to its clients and commits to providing a safe and secure service of the funds of its traders. The Deposit Protection Program is available to all customers with all types of accounts. Note that this service is time-specific and depends on the amount of the deposit. Basically, it means that if you have deposited a bigger amount, then your funds are protected longer.
Please see the image below for detailed numbers:
Summary of the regulation and financial security:
- Regulated and authorized
- Deposit protection program
- Has big liquidity providers
- Ensuring maximum security for clients’ funds through segregated funds policy
Review of the trading conditions for traders
SuperForex promotes giving its clients the freedom to execute their full trading style and strategies. The firm offers its client full power to not giving a limited deposit and withdrawal. The minimum deposit is only $1 and there are no deposit and withdrawal fees. The firm understands that each trader is different and has developed its trading platforms to suit any type of trader.
Spreads are variable from 0.0 pips and offer various bonus programs and contests for all customers. With these programs, customers can participate and win prizes, making the trading experience fun more than ever. SuperForex also has mobile trading where traders can trade whenever and wherever connected to the internet.
It has free educational materials and programs that can be a big help in any trader’s trading journey. SuperForex offers traders the following ways of teaching: seminars, webinars, educational literature, distance courses. Also, the firm has free eBooks and a Forex Glossary. These materials are free and can be accessed by registering on SuperForex’s official website.
As SuperForex commits to providing its client’s top-quality services, the firm has been reviewed by a number of international Forex authorities assessing the products offered by brokerage companies. The company takes pride in its achievements and has gathered several awards for its excellence.
In the year 2015, it won two awards namely: ‘Best Newcomer’ by Forex report and ‘Fastest Growing Broker’ by ShowFXWorld. The following year, 2016, SuperForex was named ‘Best Forex Broker in MENA region’ by ShowFX World, and last year,2018, it won as ‘Best Affiliate Program’ by ShowFX World. With this said, we can say that SuperForex has been excelling with the products and services it offers.
Facts about the conditions for traders:
- Offers a wide range of markets
- Offers minimum deposit of $ 1
- Offers 6 classes of trading asset and more than 400 markets
- No limit with deposits and withdrawals
- Doesn’t charge deposit and withdrawal fee
- Spreads are variable from 0.0 pips
- Maximum leverage up to 1:2000
- Mobile trading
- Free demo account
- Many deposit methods
- Free educational materials
- Offers various bonus programs and contests for all customers
- Reliable 24/5 customer support and services
(Risk Warning: Your capital can be at risk)
Test of the SuperForex trading platform
SuperForex offers its traders the most reliable and innovative trading technology service platform. MetaTrader 4 is the most popular platform amongst traders and is the preferred choice of trading professionals. The SuperForex MetaTrader 4 platform is an award-winning platform and is designed to provide fast and accurate brokerage services to customers in FX, CFDs, and futures markets. SuperForex offers MetaTrader 4 platform for PC, Android, and iPhones.
SuperForex offers the following platforms:
- SuperForex MetaTrader 4 for PC
- SuperForex MetaTrader 4 for Android and iPhone
SuperForex MetaTrader 4 for PC
SuperForex MetaTrader 4 for PC offers fast execution and has a customizable interface. This platform has a wide range of tools for trading. It enables traders to switch between accounts, access full trading history and has 39 graphics objects. The platform has advanced trading tools that add ups to a better trading experience. It is designed to provide not only fast but as well as accurate brokerage services for customers trading Forex, CFDs and futures markets. MT4 is a well-known, award-winning trading terminal choice of traders and is used by millions all over the globe. The platform offers a complete yet simple view of trading instruments. With this said, it is suitable for any type of trader – new to trading and as well as professionals.
SuperForex MetaTrader 4 for Android and iPhone
SuperForex MetaTrader 4 for Mobile is an application designed for use on portable devices. This app gives traders an advantage in trading in the palm of their hands anytime and anywhere connected to the internet. This mobile platform is available for Android and iOS. This is free to download in GooglePlay for Android and AppStore for iOS. SuperForex MetaTrader for Android and iOS enables traders to trade Forex at any time and any location. It has a user-friendly interface, 400 trading instruments, 9 timeframes, 38 technical indicators, and a minimum flow of internet traffic. Also, it gives traders full control over their accounts. Plus, trading history can be accessed and can perform execution of all standard operations.
SuperForex MT4 software special feature – Pattern Graphix
Pattern Graphix is a special feature of the SuperForex MT4 Platform. This nifty bit of software is a perfect guide for the trading Forex market. It is an expert advisor software that works in conjunction with the MT4 trading platform. This tool is offered free by SuperForex and is very helpful. It has the ability to identify patterns for the customer and also makes suggestions on appropriate trades which instruments may apply to it. With that said, traders can get proper advice on what might be good opportunities. Pattern Graphix will mark everything important on the chart. It does all the technical thinking for the trader, and then it’s up to the trader to decide what to do with that information.
Facts about SuperForex platforms:
- User-Friendly Interface
- Offers Mobile Trading
- Advanced Trading Tools (indicators, analysis, and more)
- Monitor account in real-time
- Reliable and Secure
- Fast Execution
- Customizable interface
- Has Special Software Features
Professional charting and analysis is possible
In order to get better trading results, traders need to learn how charting and analysis work. Charts illustrate the movement of prices in the market. With the help of charts, traders can see better and understand better the volatility of the prices in the markets and help them better in deciding when to make trades. When combined with technical analysis, you can expect good results. A technical indicator is a tool for technical analysis. This is a mathematical calculation based on historic price, volume, or open interest information. This tool helps you forecast the financial market direction. These tools would help you know what will be your next move in order to get a plus.
Both of these tools are possible with SuperForex. The firm even has free educational materials and articles that talk about the analysis of the markets. This includes international markets and different currencies. Also, for the foreign exchange market, one cannot do without qualitative and regular analytics. SuperForex offers news and analytical materials related to Forex on their site which traders will find helpful in making trading decisions.
SuperForex has an analytical department that daily analyzes the main financial instruments and publishes the latest financial news, forecasts, and reviews, namely: economic news, technical analysis, trading signals, and an economic calendar.
Charting and analysis for traders:
- Free technical indicators
- Drawing tools for technical analysis
- Supports automated trading strategies
- Fundamental news for traders
- Daily analysis by SuperForex
(Risk Warning: Your capital can be at risk)
Review of the Mobile Trading (App) by SuperForex
SuperForex offers Mobile Trading with its MetaTrader 4 Platform for android and iOS. This is an application designed for use on portable devices and gives traders an advantage in trading in the palm of their hands anytime and anywhere connected to the internet. SuperForex MetaTrader for Android and iOS enables traders to trade Forex at any time and any location. It has advanced features that include a user-friendly interface, 400 trading instruments, 9 timeframes, 38 technical indicators and a minimum flow of internet traffic.
Also, it gives traders full control over their accounts. Traders can track their quotes in real-time and receive trading signals. With this app, you can merge your accounts, read analytical articles whenever and wherever you are as long as connected to the internet. Also, you can track economic news in the palm of your hand. Trading history can be accessed as well on this app and can perform execution of all standard operations. This is free to download in GooglePlay for Android and AppStore for iOS.
Features of App:
- Search and select instruments
- On-the-go trading insights and market news
- User-friendly Interface
- Advanced Trading Tools
- Free Demo Account
- Fast execution
- Advanced Indicators
How does trading with SuperForex work? – Step by step tutorial
Better trades are achieved when considering the trend and volatility of the markets. SuperForex offers educational materials that include basic knowledge in trading. Before trading any markets, you need to know how the movement of the market affects your results and how to trade on them. The movement of the market is the most important thing you need to keep track of. Volatility means the degree of the varieties in a trading price, over a period of time. In most cases, when the volatility is high, high risk is required.
In order to start trading, you need first to select a market you wish to trade on. Then you have to choose which asset you want to trade and choose the size of the right position. After that, open the order mask and customize your position. Once you customize your position, you should decide whether to buy or sell to open a position (investing in rising and falling markets).
Step by step trading tutorial:
- Select a market you want to trade
- Select an asset you wish to trade
- Choose the size of the right position
- Open the order mask and customize your position
- Decide whether to buy or sell to open a position
Open your free demo account with SuperForex
SuperForex offers free Demo Accounts and this type of account is perfect for beginners. Also, experienced traders can benefit from this account type in practicing their new strategies without using any real money. A demo account enables you to test the possibilities of the trading terminal and get acquainted with its functions. By using it, you can learn how transactions are made and how they are executed, familiarize yourself with the graphics options of the terminal, and acquire the necessary experiences needed in going live.
We highly recommend getting a demo account first in order to avoid unintentional trading execution. A demo account is perfect for your first journeys in trading, especially on the trading Forex market. Trading requires high risks of investments and you should be aware of it.
It is easy to register or create a demo account with SuperForex. Just fill in certain details asked (email, password, leverage preferred, etc.) and you should be good to go.
(Risk Warning: Your capital can be at risk)
Account types with SuperForex
SuperForex offers a Free demo account and a real account. It is easy to register or create a demo and real account with SuperForex. Just fill in certain details asked (email, password, leverage preferred, etc.) and you should be good to go. A Demo Account is an account where you can practice your trading skills, trading strategies, and be comfortable with the platform. This account is perfect as well for beginners. This account will have its own virtual funds and enables you to trade without the use of real money.
The functions of this account are similar to a Real Account. On the other hand, a Real Account is for experienced traders or if you wanna go live and use real money. SuperForex Real Account requires $1 as the minimum deposit. We highly recommend first get a demo account to avoid unintentional trading execution. Trading requires high risks in your investments. If you feel like you are not ready yet, it is best first to practice on a demo account.
SuperForex offers the following accounts:
- SuperForex Demo Account
- SuperForex Real Account (ECN or STP execution)
- Standard account (minimum deposit 1$)
- Swap-free account (minimum deposit 1$)
- No Spread account (minimum deposit 1.000$)
- Micro Cent Account (minimum deposit 1$)
- Profi account (minimum deposit 5.000$)
- Crypto Account (minimum deposit 100$)
As you see above, SuperForex is offering accounts for every type of capital. You can start with a small amount of money to trade the financial markets. The pro account is the best for traders but you have to do a big deposit. If you deposit more money the broker can give you better conditions. We recommend using the no spread account. In our opinion, it is the best solution for retail traders.
Review of the deposit and withdrawal
SuperForex wants to give maximum freedom to its clients in making trading decisions. That is why the firm offers the minimum deposit amount of $1 on their standard account. Transactions with SuperForex are fast and secure. One good thing about choosing SuperForex as your broker is that the firm does not charge any additional fees on transactions with its account.
However, to ensure you do not incur any other fees when you make deposits and withdrawals, please contact your bank or the payment system you tend to use. Ask them about their policies, particularly when it comes to currency conversion operations as SuperForex doesn’t charge a fee on withdrawals and deposits. The brand accepts several payment methods and you can see the following details below:
Payment Methods that can be used:
- Bank transfer / Bank Wire
- Credit Cards (Visa, MasterCard)
- Perfect Money
Test of the SuperForex customer support and service
As traders, we need a broker that is ready to help whenever we need assistance. SuperForex wants to be there when their clients need their support and help. The support operates 24 hours a day, 5 days a week. You can reach their support via phone calls and other channels. Their hotline has an international formal number and can be reached via email. A professional support agent will help you out with your concern.
On the official website of SuperForex, you can also get in touch with their Live Chat Support. Also, the support can be reached by several channels like yahoo mail, WhatsApp, WeChat, Skype, and Telegram.
The firm also offers free educational materials that will help you be equipped in trading online. In their training centers, traders can always learn something new about how to start trading more efficiently. SuperForex offers training centers On its official website, there is the ‘Education’ section on the Homepage. From there, you will found several helpful and knowledgeable materials that can help you through your trading journey with this broker.
In addition, SuperForex offers its clients free eBooks and has a Forex Glossary where you can look up to help you more understand trading terms. With availing of the eBooks, you just need to register and log in. You can access this at no cost. SuperForex eBooks not only will help you be equipped in trading, but also give you an exciting and fun trading experience.
Facts about the support:
- Customer service or assistance is 24/5
- Phone Support
- Live Chat Support
- Offers free educational materials (free seminars, videos, glossary, etc.)
- Has online web query forms
- Online support center with FAQs
- Online Training Centres
- Forex Glossary
Fees and costs for traders
Fees and costs are also significant factors in choosing a Forex Broker. SuperForex wants to give maximum freedom to its clients in making trading decisions and offers a minimum deposit amount of $1 on their standard account. What to look forward to in choosing SuperForex as your broker is that it does not charge any additional fees on transactions with its account. Meaning, you will not be charged any fee for deposits and withdrawals.
However, to ensure you do not incur any other fees when you make deposits and withdrawals, please contact your bank or the payment system you tend to use. Ask them about their policies, particularly when it comes to currency conversion operations. Another good thing about SuperForex is that the amount of deposit and withdrawal is not limited.
Fees of SuperForex:
- The minimum deposit amount of $1
- No limit for deposits and withdrawals
- Does not charge deposit or withdrawal fees
- No hidden fees
Is SuperForex legit or a scam? – Conclusion of our review
Offering the minimum deposit amount of $1 is SuperForex´s way of giving maximum freedom to their clients in making trading decisions. The firm as well gives the freedom to their clients in depositing and withdrawing any amount from their accounts at no cost. SuperForex commits to provide excellent service and support to its clients the best way the company can. Its customer service and supports operate 24 hours a day, 5 days a week, and offer free educational materials that can help any trader on their trading journey. It has mobile trading and offers its clients the ability to choose from various markets to trade with. It offers user-friendly MT4 platforms that can suit any type of trader of any skill and have advanced trading tools.
SuperForex is a Forex Broker that offers its clients the ability to trade CFDs, Forex, cryptocurrencies, gold, metal, stock, oil, and indices. It commits to making Forex trading available to everyone. The firm has been offering top-tier services that cover trading and investment in the financial markets for both individual and corporate clients in over 150 countries all around the globe.
Please be aware that SuperForex has placed a risk notice about trading CFDs and Forex. It states: “CFD and FX trading on margin carry high levels of risk. Traders should ensure they understand the risks associated with leveraged CFD and FX trading before deciding to trade.” Before trading or investing with any broker, make sure you know the risks and ready for them.
SuperForex commits to giving security to the funds of their clients. It is authorized and regulated by an official regulator and we can say that this broker is a legit and trusted broker.
Advantages of SuperForex:
- Regulated and Authorized
- User-friendly MT4 Powerful Platforms
- Advanced Trading Tools
- Maximum Freedom with Deposits and Withdrawals
- Offers various markets to trade
- A minimum deposit of $1
- Good support and services
- 24/5 customer support
- Offers mobile trading
- Offers free demo account
SuperForex is a very good broker for traders who are searching for high leveraged trading. But our full research showed that it is not the best option for traders. (4 / 5)
(Risk Warning: Your capital can be at risk)