SuperForex Review

pysong · Anmeldungsdatum: 05.02.2023 Beiträge: 133

SuperForex Review

SuperForex is incorporated and licensed by an IFSC Forex broker with its registered office in Belize. Yet, Belize is a known offshore zone that delivers slight and operational requirement conditions to the financial service providers. Therefore, it became an offshore zone for shady forex brokers such as Trading Epic, BlueMax Capital, etc. You can see in our detailed article why it is risky to trade with brokers from Belize.To get more news about super forex review you can visit wikifx.com official website.

What is SuperForex?
As claimed on the official website SuperForex grants access to all the major trading platforms in the world, while users may benefit from a brief Forex training course by opening a free demo account and learn the basic steps along with the quite competitive trading conditions.
The services of the company offered to the retail and institutional traders are good, while there is no strictest application to the rules of business conduct, comparing to the reputable Forex authorities alike FCA (UK) and ASIC (Australia). While IFSC is a rather self-regulatory authority that does not implement sharp follow of standards.
There are multiple negative responds and reviews from SuperForex clients, as traders faced issues with the money withdrawal or some inconvenient processes during the trading sessions or position openings.
SuperForex Alternative Brokers
As our research revealed safety issues with SuperForex, here we offer much better Alternatives to SuperForex with good regulations and great trading conditions. We select Good Brokers and trustworthy options for your comparison below:
SuperForex Deposits and Withdrawals
SuperForex is constantly expanding its list of available payment methods, to make it available for all clients. SuperForex clients can open accounts in USD, EUR, and GBP, and use those three currencies for deposits and withdrawals. The broker offers various deposit and withdrawal options, including Bank Transfer, Credit/Debit Card and e-wallets such as Skrill, Neteller, AstroPay.

On the standard account the minimum deposit amount is $1.
SuperForex does not charge any additional fees on transactions.
SuperForex Trading Accounts
New traders usually start from Standard accounts. It supports many base currencies (including JPY, USD, EUR, GBP, and more) and has fixed spreads, with $1 minimum deposit amount and leverage of up to 1:1000. All SuperForex bonuses are available with Standard account type. SuperForex also offers STP and ECN accounts. These types are more suitable for more experienced traders.

The Profi-STP is designed specifically for experienced traders who prefer higher trading volumes. The lot size is higher – 100 000 USD, with the leverage up to 1:3000.
ECN accounts are faster than Standard and STP accounts, because they connect to the Electronic Communications Network directly, these accounts provide more accurate quotes on all trading instruments and a faster order execution speed. The lot size is 100 000 USD.

SuperForex Review Conclusion
Generally, we do not advise to open an account and engage in trading with SuperForex, as it is an offshore broker, and it might incur significant risks even if the offering sounds attractive. Traders are recommended to trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FBS and Eightcap.