SuperForex Broker Reviews and Full Information

Is SuperForex a scam or legit broker?

Trading with SuperForex is not a risk-free endeavor. SuperForex is owned by SuperForex Ltd., an offshore corporation based in Belize that operates as a forex broker.

SuperForex is a forex broker formed and licensed by the International Financial Services Commission (IFSC), having its registered office in Belize. Belize, on the other hand, is a well-known offshore zone that provides financial service providers with minimal and operationally demanding operating circumstances. In order to avoid detection, dodgy forex brokers such as Trading Epic, BlueMax Capital, and others set up shop in the country. We have a comprehensive post describing the risks associated with dealing with brokers based in Belize.

About SuperForex

Registered in Belize
Type of License Offshore License
Is SuperForex safe to trade No
Recommended Licenses FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
Alternative Broker FP Markets - licensed by ASIC in Australia

According to the company's official website, SuperForex provides access to all of the world's major trading platforms, while users can benefit from a brief Forex training course by opening a free demo account and learning the fundamentals of the market while also taking advantage of the highly competitive trading conditions.

  • SuperForex Review

When compared to the services provided by respected Forex authorities such as the FCA (UK) and ASIC, the company's services are available to both retail and institutional traders. However, there is no severe implementation of the laws of corporate conduct (Australia). There are already a large number of brokers that have chosen Belize as their base of operations since the company receives access to a global clientele while maintaining their official regulatory status. However, once again, the International Federation of Standards (IFSC) is a self-regulatory organization that has not strictly followed standards.

In general, we do not recommend opening an account with an offshore broker and engaging in trading with them because doing so may expose you to considerable risks, even if the offer appears to be very tempting. Due to the fact that the firm is not constantly monitored by the licensor or the professional body for the Forex market, there are numerous doubts about how the company handles traders and how the company operates as a whole.

In the case of SuperForex, this has also been confirmed by a large number of unfavorable responses and evaluations from their clients, who have reported concerns with money withdrawals as well as inconvenient processes during trading sessions or position openings during the course of their business.

Conclusion

We strongly urge all investors and traders to steer clear of SuperForex and other Belize-based brokers. Traders should only trade with brokers who are well-regulated, such as brokers in the United Kingdom or brokers in Australia, as well as with reputable brokers such as FBS and Eightcap.

Summary
Properties Values
Name
SuperForex
Minimum Diposit
$ 1
Leverage
1000:1
Regulation
IFSC (Belize),,,,,
Headquarters
Belize
Established
2013
Address
5 Cork Street, 2 Floor, Belize City, Belize
Platform
MT4,MT4 WebTerminal,,,,,
Payment Method
Visa,Mastercard,Wire,Skrill,Neteller,Perfect Money,Fasa Pay,Union Pay,Qiwi,Local bank transfer,,,,,
Overview
Properties Values
Spreads
0.0 Pips
Min Position size
0.01
Broker Type
ECN (electronic communications networks),,,,,
Account Type
Mini account,Zero Spread,High Leverage,Standard,,,,,
Brokers by Country
US Forex Brokers,,,,,
Techniques
Scalping Forex Brokers,Hedging Forex Brokers,Carry Trade Brokers,Spread Betting Brokers,Automated Trading Brokers,Mobile Trading Brokers,Day Trading Brokers,,,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,Crypto Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,,,,,
Account currency
USD,EUR,GBP,,USD,,USD,,USD,,USD,
Tools
Economic Calendar,Charting Software,Profit Calculator,,,,,
Website Languages
en,,,,,
Support languages
en,,,,,
Bonus
Yes
Reviews Rating
3.5
Withdrawal Fee
Yes
Trading Signals
Yes
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Yes
Pors
1. The minimum deposit amount of $1
2. No limit for deposits and withdrawals
3. Does not charge deposit or withdrawal fees
4. No hidden fees
Cors
1. None
Display Analysis
Yes
Serving country
BZ,,,,,
Not Serving country
US,,,,,
Contests
Yes
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
PAMM,Myfxbook Auto trade,Mql5 signals,,,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+65-3-1590282
Customer Support
24/5
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