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
||currencies, cryptocurrencies, metals, shares, indices, and futures
||Standard, Profi STP and ECN
||Vary on the instrument
|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.
Super Forex offers 300+ financial instruments for investors, including currencies, cryptocurrencies, metals, shares, indices, and futures.
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.
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.
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.
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.
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
|• 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)
||Is Super Forex regulated？
||No. It has been verified that Super Forex holds a revoked Financial Services Commission (FSC) license.
||At Super Forex, are there any regional restrictions for traders？
||Yes. The services listed on this website are not available to residents of the USA, Japan, Ukraine and North Korea.
||Does Super Forex offer demo accounts？
||Does Super Forex offer the industry-standard MT4 & MT5？
||Yes. Super Forex supports MT4.
||What is the minimum deposit for Super Forex？
||The minimum initial deposit to open an account is $1.
||Is Super Forex a good broker for beginners？
||No. Super Forex is not a good choice for beginners. Though it advertises well, it lacks legitimate regulation.