Score
Super Forex
Belize|5-10 years| Benchmark B|https://superforexglobal.com/
Website
Rating Index
Benchmark
Benchmark
B
Average transaction speed (ms)
MT4/5
Full License
SuperForex-Real
GermanyInfluence
A
Influence index NO.1
Zimbabwe 6.67Benchmark
Speed：AAA
Slippage：C
Cost：A
Disconnected：C
Rollover：B
MT4/5 Identification
MT4/5 Identification
Full License
GermanyInfluence
Influence
A
Influence index NO.1
Zimbabwe 6.67Surpassed 22.11% brokers
Contact
Licenses
Single Core
1G
40G
Contact number
+44 2045771579
Other ways of contact
Broker Information
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SuperFin Corp
Super Forex
Belize
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 18 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- BelizeFSC (license number: IFSC/60/292/TS/16) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- The Belize FSC regulation with license number: IFSC/60/292/TS/16 is an offshore regulation. Please be aware of the risk!
WikiFX Verification
WikiFX Data provide| Benchmark | B |
|---|---|
| Maximum Leverage | 1:2000 |
| Minimum Deposit | 500 |
| Minimum Spread | -- |
| Products | USD, EUR, GBP, ZAR |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | B |
|---|---|
| Maximum Leverage | 1:10 |
| Minimum Deposit | 100 USD |
| Minimum Spread | -- |
| Products | USD* |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | B |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | 1 USD / 1 EUR |
| Minimum Spread | -- |
| Products | USD, EUR, GBP, RUB, ZAR, NGN, CNY, BDT, INR, THB |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | B |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | 1 USD / 1 EUR |
| Minimum Spread | -- |
| Products | USD, EUR, GBP, RUB, IDR, MYR, AED, ZAR, NGN, BDT |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | B |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | 1 USD/ 1 EUR |
| Minimum Spread | -- |
| Products | USD, EUR |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | B |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | 100 USD / 100 EUR |
| Minimum Spread | -- |
| Products | USD, EUR, GBP |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Super Forex · Company Summary
Company Summary
Company profile
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
| Feature | Detail |
| Registered Country/Region | Belize |
| Found | 2013 |
| Regulation | unregulated |
| Market Instrument | currencies, cryptocurrencies, metals, shares, indices, and futures |
| Account Type | Standard, Profi STP and ECN |
| Demo Account | yes |
| Maximum Leverage | 1:2000 |
| Spread | Vary on the instrument |
| Commission | $0 |
| Trading Platform | MT4 |
| Minimum Deposit | $1 |
| Deposit & Withdrawal Method | Bank Wire Transfers, Credit/Debit Cards, E-Payments, Cryptocurrencies and Local Payments |
Founded in 2013, Super Forex is a Belize-based global brokerage that offers various instruments for trading online via the MT4 trading platform.
Here is the home page of this brokers official site:
Super Forex is authorized and regulated by the International Financial Services Commission (IFSC) of Belize, with regulatory license number IFSC/60/292/TS/16, however, it is revoked. Please be aware of the risk.
Note: The screenshot date is January 30, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Super Forex offers 300+ financial instruments for investors, including currencies, cryptocurrencies, metals, shares, indices, and futures.
Account Types
Apart from demo accounts, Super Forex also offers 3 account types to meet different traders trading needs and experience: Standard, Profi STP and ECN accounts. The minimum initial deposit requirement is just $1, which is relatively lower than most brokers.
Leverage
The maximum trading leverage is 1:1000 for Standard and ECN accounts, 1:2000 for Pro STP accounts, and 1:10 for Crypto accounts. 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.
Spreads & Commissions
All tradable instruments come with fixed spreads, and no commissions are charged for trading. More detailed info can be found in the below screenshot.
Trading Platform
Super Forex traders offer the market-leading MT4 trading platform, which is reliable, powerful, and the best choice for many professional traders. The platform can execute orders in 1 second, contains 39 technical indicators, and has a fully customizable interface with the ability to switch between accounts. Besides, traders can download the SuperForex mobile application in the mobile app.
Deposit & Withdrawal
Super Forex supports a variety of deposit and withdrawal methods including Bank Wire Transfers, Credit/Debit Cards, E-Payments, Cryptocurrencies and Local Payments. More details can be seen in the below screenshots. The minimum deposit is said to be just $1.
Bonuses
Super Forex claims to offer various bonuses, including Welcome+ Bonus, No Deposit Bonus and Hot Bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Customer Support
The Super Forex Customer support desk is available 24/5 during market hours. They have provided a Frequently Asked Questions (FAQs) section for the website visitors to first check for answers to questions they might want to ask. The fastest way of getting support is through the instant web chat facility on the website. There are other chat options which are: Yahoo Messenger, WhatsApp, Skype, Telegram and WeChat. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Registered office: Second Floor No 24, Albert Hoy Avenue, Belize City, Belize.
Pros & Cons
| Pros | Cons |
| • Multiple trading instruments, account types and funding options | • No regulation |
| • Demo accounts available | • Regional restrictions |
| • Low minimum deposit ($1) | |
| • MT4 supported |
Frequently Asked Questions (FAQs)
| Q 1: | Is Super Forex regulated？ |
| A 1: | No. It has been verified that Super Forex holds a revoked Financial Services Commission (FSC) license. |
| Q 2: | At Super Forex, are there any regional restrictions for traders？ |
| A 2: | Yes. The services listed on this website are not available to residents of the USA, Japan, Ukraine and North Korea. |
| Q 3: | Does Super Forex offer demo accounts？ |
| A 3: | Yes. |
| Q 4: | Does Super Forex offer the industry-standard MT4 & MT5？ |
| A 4: | Yes. Super Forex supports MT4. |
| Q 5: | What is the minimum deposit for Super Forex？ |
| A 5: | The minimum initial deposit to open an account is $1. |
| Q 6: | Is Super Forex a good broker for beginners？ |
| A 6: | No. Super Forex is not a good choice for beginners. Though it advertises well, it lacks legitimate regulation. |
| Registered in | Belize |
| Regulated by | No effective regulation at this time |
| Year(s) of establishment | 5-10 years |
| Trading instruments | Cryptocurrencies, precious metals, stock, oil, forex pairs, indices |
| Minimum Initial Deposit | $1 |
| Maximum Leverage | 1:3000 |
| Minimum spread | 0.0 pips onwards |
| Trading platform | MT4 |
| Deposit and withdrawal method | Bank Wire Transfers, Credit/Debit Cards, E-Payments, Cryptocurrencies, Local Payments and superforex money |
| Customer Service | Email, phone number, WhatsApp, WeChat, telegramInstagram, YouTube, Facebook, twitter, LinkedInFAQ, Callback |
| Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros and cons of Super Forex
Pros:
Wide range of trading products and account types to choose from
High leverage of up to 1:3000
No additional fees on transactions with your account
Extensive educational resources available, including videos and seminars
Multiple channels of customer support, including social media platforms and callback option
Fast processing time for deposits
Cons:
Limited regulatory oversight and licensing
Limited information on the company's history and ownership
Some account types have high minimum deposits, such as the Profi STP and ECN accounts
The spreads on some trading products can be higher compared to other brokers
Withdrawals may take longer to process compared to deposits
Limited options for trading platforms, only offering the MT4 platform.
What type of broker is Super Forex？
| Advantages | Disadvantages |
| Super Forex offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, Super Forex has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
Super Forex is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Super Forex acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that Super Forex has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with Super Forex or any other MM broker.
General information and regulation of Super Forex
SuperForex is a global forex broker established in 2013 with a mission to provide its clients with top-quality financial services and a wide range of trading instruments. The company is headquartered in Belize. With its client-centric approach, SuperForex offers various account types, flexible trading conditions, a range of trading platforms, a variety of payment options, and a comprehensive set of educational resources to cater to the needs of both novice and experienced traders.
In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.
Market instruments
Super Forex offers a wide range of trading instruments, including cryptocurrencies, precious metals, stocks, oil, forex pairs, and indices. The availability of multiple asset classes provides traders with diversification opportunities, access to global markets, and the potential for high returns. With access to popular asset classes such as forex pairs and indices, traders can also benefit from high liquidity, which means they can quickly enter and exit positions at the desired price. However, trading multiple asset classes can be complex, may require extensive knowledge and expertise, and may come with higher margin requirements, increasing trading costs. Additionally, as the research and analysis on each asset class may not be as detailed or comprehensive as traders would prefer, traders should conduct their own research and analysis to make informed trading decisions.
Spreads and commissions for trading with Super Forex
| Advantages | Disadvantages |
| Competitive spreads | Unregulated broker |
| Detailed fee table | Potential hidden fees |
| Zero commissions | High leverage up to 1:3000 |
| No deposit or withdrawal fees | Lack of negative balance protection |
Super Forex offers competitive spreads and provides a detailed fee table that outlines spreads, commissions, SWAPs and lot sizes for various accounts and products. The absence of commissions and deposit/withdrawal fees makes trading cost-effective. However, as an unregulated broker, Super Forex carries a risk of potential hidden fees. Also, the high leverage of up to 1:3000 can be both beneficial and risky, as it can magnify profits and losses. Moreover, the lack of negative balance protection is a disadvantage that can expose traders to significant losses.
Trading accounts available in Super Forex
STP accounts:
| Account type | Standard | Swap-Free | No Spread | Micro Cent | Profi STP | Crypto |
| Minimum deposit | 5 USD | 5 USD | 50 USD | 1 USD | 500 USD | 50 USD |
| Maximum leverag | 1:1000 | 1:1000 | 1:1000 | 1:1000 | 1:3000 | 1:10 |
| Swaps | Yes | No | No | Yes | No | No |
| Spreads | Fixed | Fixed | 0 | Fixed | from 0.01 pips | Fixed |
ECN accounts:
| Account type | ECN Standard | ECN Standard-Mini | ECN Swap-Free | ECN Swap-Free Mini | ECN Crypto |
| Minimum deposit | 100 USD | 5 USD | 100 USD | 5 USD | 50 USD |
| Maximum leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 | 1:10 |
| Swaps | Yes | Yes | No | No | No |
| Spreads | Floating | Floating | Floating | Floating | Floating |
Super Forex offers a variety of account types, ranging from Standard and Micro Cent accounts to more specialized accounts like No Spread and Crypto. The broker also offers ECN accounts with floating spreads for traders looking for a more transparent pricing model. Each account type has its own minimum deposit requirement and maximum leverage, giving traders the flexibility to choose an account that best fits their needs. Additionally, the Swap-Free account option is available for those who require it, and the Profi STP account is specifically designed for professional traders. However, it should be noted that some account types have limited leverage and some have higher spreads compared to others.
Trading platform(s) that Super Forex offers
| Advantages | Disadvantages |
| User-friendly and intuitive interface | Outdated and not as advanced as newer platforms |
| Flexible and customizable | Limited charting tools compared to other platforms |
| Large community support with abundant resources | No two-factor authentication for added security |
| Ability to use expert advisors (EAs) | Limited access to market data and news |
| Multiple language support | Limited integration with third-party plugins and tools |
Super Forex offers its clients the popular MetaTrader 4 (MT4) platform for trading, which has been in use for over a decade and is known for its user-friendly interface and flexible customization options. With MT4, traders have access to advanced charting tools, automated trading through expert advisors (EAs), and a large community of support with abundant resources. However, MT4 has limitations in terms of access to market data and news compared to newer platforms, and it does not offer two-factor authentication for added security. Additionally, while the platform is flexible and customizable, it does have limitations in terms of charting tools compared to other platforms.
Maximum leverage of Super Forex
| Advantages | Disadvantages |
| Potential for higher profits with smaller initial investments | Increased risk of substantial losses |
| Increased market exposure and flexibility in trading strategies | High leverage can lead to rapid depletion of funds in case of unfavorable market movements |
| Can provide access to larger positions and more trades | Requires a higher level of experience and risk management skills |
| Can amplify both profits and losses | Limited availability in certain jurisdictions due to regulatory restrictions |
Super Forex offers a very high maximum leverage of up to 1:3000, which can be advantageous for experienced traders looking to amplify their profits and gain greater market exposure with smaller initial investments. However, high leverage also carries a significant amount of risk, as it can lead to substantial losses in a short period of time. This requires traders to possess advanced risk management skills and strategies to mitigate the risks. Additionally, high leverage is not available in all jurisdictions due to regulatory restrictions.
Deposit and Withdrawal: methods and fees
| Advantages | Disadvantages |
| Multiple deposit and withdrawal options | No information on fees charged by payment systems or banks |
| No additional fees charged by SuperForex on transactions | Processing time for withdrawals may take up to 4 business days |
| Instant processing time for deposits | Lack of information on withdrawal limits |
| Availability of local payment options | Limited cryptocurrency options compared to some competitors |
SuperForex offers a variety of deposit and withdrawal options to cater to clients' different preferences. One advantage is that the company does not charge any additional fees on transactions with your account. However, there is no information available on the fees charged by payment systems or banks, which may lead to unexpected charges for clients. Processing time for withdrawals may also take up to four business days, which may be longer than some competitors. On the other hand, deposits are processed instantly. SuperForex also offers local payment options, which can be convenient for clients in certain regions. However, the cryptocurrency options are limited compared to some competitors. It would be helpful for SuperForex to provide more information on withdrawal limits to assist clients in planning their transactions.
Educational resources in Super Forex
| Advantages | Disadvantages |
| Comprehensive educational resources available | Limited personal guidance |
| Variety of resources such as lections, glossary, seminars, and videos | No formal certification |
| Official YouTube channel available for additional resources | Self-directed learning may not suit all learners |
| Free of charge for Super Forex clients | No interactive learning tools |
| Accessible to clients worldwide | Some resources may be more basic than others |
Super Forex offers a variety of educational resources for its clients. The company provides comprehensive lections, a glossary, seminars, training centers, educational videos, and other resources to help traders learn more about forex trading. Additionally, Super Forex has an official YouTube channel where clients can access even more videos to supplement their learning. These resources are available free of charge to Super Forex clients, and they are accessible to traders worldwide. However, there are some disadvantages to Super Forex's educational resources. While they are comprehensive, they do not offer personalized guidance, and there is no formal certification process. Additionally, the resources are self-directed, which may not be suitable for all learners, and some of the materials may be more basic than others.
You may also visit their official YouTube channel to watch more videos. Here is a recent video about technical analysis.
Customer service of Super Forex
| Advantages | Disadvantages |
| 24/5 customer support available via various channels | No 24/7 customer support |
| Several social media channels for customer support and engagement | No live chat available on website |
| FAQ section available on the website for quick self-help | No phone support for some countries |
| Callback feature available for personalized assistance | No physical office or location available for in-person assistance |
Super Forex offers a variety of customer care options for their clients. The company provides 24/5 customer support through various channels, including email, phone, WhatsApp, WeChat, Telegram, and social media platforms such as Instagram, YouTube, Facebook, Twitter, and LinkedIn. The FAQ section on their website is another helpful resource for clients who prefer self-help. Additionally, the callback feature is available for personalized assistance. However, Super Forex does not offer 24/7 customer support and live chat is not available on their website. Furthermore, phone support may not be available for some countries and there is no physical office or location available for in-person assistance.
Conclusion
In conclusion, Super Forex is a reputable and reliable forex broker that offers a wide range of trading instruments and account types to its clients. Its multiple deposit and withdrawal options, as well as its educational resources and customer support channels, make it an attractive option for traders of all levels of experience. The company also stands out with its high leverage of up to 1:3000, which can potentially lead to significant profits. However, traders must be aware of the risks involved in high leverage trading and exercise caution when trading with such high ratios. Overall, Super Forex provides a solid trading environment for traders looking to participate in the forex market.
Frequently asked questions about Super Forex
Question: What is Super Forex？
Answer: Super Forex is a global forex broker that provides online currency trading services for both retail and institutional clients worldwide.
Question: Is Super Forex regulated？
Answer: No, Super Forex is not regulated.
Question: What trading platforms does Super Forex offer？
Answer: Super Forex offers the popular MetaTrader 4 (MT4) trading platform, which is available for both desktop and mobile devices.
Question: What is the minimum deposit required to open an account with Super Forex？
Answer: The minimum deposit required to open a Standard account with Super Forex is 5 USD.
Question: What types of accounts does Super Forex offer？
Answer: Super Forex offers various types of accounts, including Standard, Swap-Free, No Spread, Micro Cent, Profi STP, Crypto, ECN Standard, ECN Standard-Mini, ECN Swap-Free, ECN Swap-Free Mini, and ECN Crypto accounts.
Question: What is the maximum leverage offered by Super Forex？
Answer: Super Forex offers a maximum leverage of up to 1:3000.
Question: What educational resources are available on the Super Forex website？
Answer: Super Forex provides a variety of educational resources, including comprehensive lessons, a glossary, seminars, training centers, and educational videos, which are all designed to help traders improve their knowledge and skills in the forex market.
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