SuperForex is an online CFDs and forex broker that operates from Belize, C.A. The broker has been providing its services since 2013. IFSC regulates its parent company SUPERFOREX Ltd. SuperForex has a handsome product portfolio of more than 350 financial instruments. The broker offers true STP and ECN trading environment over popular asset classes such as forex, CFDs, cryptocurrencies, commodities, stocks, and indices. Traders can enjoy the simplicity of MetaTrader 4 and a dedicated mobile app from SuperForex to trade and also the benefits of copy trading with SuperForex. The broker is enriched with educational and research resources. In addition, the broker offers trading with very tight spreads and zero commissions and often run various promotions.
SuperForex has years of expertise in providing trading services in over 150 countries. Therefore client satisfaction is prioritised in nearly every aspect. The broker offers 350+ trading products with very low or no deposit requirements. The broker offers very advanced trading platforms with STP and ECN accounts. You can also choose cryptocurrency as your base currency with SuperForex.
On the other hand, SuperForex does not accept clients from the USA, Ukraine, and North Korea. The broker does not offer MT5 or any other proprietary platform and charges a withdrawal fee on a few payment methods. The minimum deposit is $1, and the broker is regulated in Belize.
SuperForex has a very impressive product portfolio of 350+ financial instruments from several asset classes such as forex, CFDs, cryptocurrencies, commodities, indices, and stocks. However, the broker does not offer bonds, options, and ETFs trading at this time.
SuperForex Instruments Summary
| Instruments | SuperForex |
|---|---|
| Forex | ✓ |
| Stocks | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Cryptos | ✓ |
| Options | x |
| Bonds | x |
| ETFs | x |
| CFDs | ✓ |
Commission and Spread Fees
SuperForex offers trading on very tight spreads and no commissions. However, there might be overnight swaps or rollovers. But you can also avoid swaps with Islamic accounts offered by the broker. The traders can enjoy fixed, or zero spreads with STP accounts and floating or variable spreads on an ECN account. However, the broker does not charge any commission with any account type.
| Fee | STP Account | ECN Account |
|---|---|---|
| Commission (per standard lot per side) | $0 | $0 |
| Spreads from | 0.0 | 0.0 |
Deposit and Withdrawal Fees
SuperForex does not charge any deposit fee while using any payment methods. However, the payment method service used may incur some charges. On the other hand, the broker charges, on average, 3% withdrawal fee on bank transfers, 3% withdrawal fee on debit/credit cards, 2% withdrawal fee on electronic wallets, and 5% withdrawal fee on cryptocurrencies payments.
Inactivity Fees
SuperForex does not specify any inactivity fee on its website.
SuperForex provides its traders with industry standard trading platforms. MetaTrader 4 one of the most popular trading platforms and the platform of choice for CFD and forex traders around the world.
MetaTrader 4 (MT4)
SuperForex MetaTrader 4 for PC, Web, and mobile includes a configurable interface and rapid execution. This platform provides a diverse set of trading tools. It allows traders to swap between accounts, see their whole trading history, and has useful graphical elements for technical analysis. It is intended to serve consumers trading Forex, CFDs, and futures markets with rapid and accurate brokerage services. MT4 is a well-known, award-winning trading terminal that is used by millions of traders worldwide. The program provides a comprehensive yet straightforward perspective of trading instruments.
Here are the pros of the MT4 trading platform:
- Customisable layouts
- Line, bar, and candlestick charts
- Timeframes from 1min to 1month
- 30+ technical indicators
- 15+ charting objects
- Automated trading with Expert Advisors (EAs)
- Strategy tester for backtesting over historical data
- Multiple orders, including market and pending orders
- Trailing stop, stop-loss, and take profit orders
- Push notifications
- MetaQuotes marketplace to buy and sell indicators and EAs
- Available on web browsers, Windows, Mac, Android, and iOS devices
Mobile App
In order to keep up with the financial markets, traders need to make decisions in a split second. The SuperForex mobile app is designed to deliver a comprehensive trading experience directly from your mobile device; whether it’s checking on your active trades or opening or closing new ones, the app can do it all in one place. Here are the salient features of the SuperForex mobile app:
- Open/close demo/real account
- Deposit and withdraw funds on the go
- Check trading activity
- Market watch with live price quotes
- Merge accounts
- Receive trade signals
- Copy trading
- Market analysis
- Economics news
- Access client’s area
Trading Tools
Forex Copy
Forex Copy is a SuperForex social trading platform that allows traders to copy the trades of Master traders automatically. This is helpful to investors and beginning traders since they can readily mimic signals without conducting research or keeping up with market news. A master trader might benefit from the service as well by collecting commissions on any gains generated by their signals. SuperForex offers numerous master accounts and portfolios, allowing a copier to evaluate thoroughly before selecting a master to copy.
SuperForex Bank
This is a managed investment portfolio of CFDs, stocks, and cryptocurrencies by SuperForex. Withdrawals and investment portfolios are subject to commissions. There is no assurance that this managed portfolio will perform well.
SuperForex Platforms Summary
| Platform | SuperForex |
|---|---|
| MetaTrader 4 (MT4) | ✓ |
| MetaTrader 5 (MT5) | x |
| cTrader | x |
| Proprietary | x |
| Desktop | ✓ |
| Web | ✓ |
| Mobile | ✓ |
| Social Trading | ✓ |
| Other | x |
SuperForex provides a variety of educational and research resources. Let’s dive into the details of these helpful resources.
Market Analytics
The SuperForex website features technical analysis on a regular basis. Several indicators are employed to analyse chosen charts, and the analysis is completed by providing traders with trading recommendations. The SuperForex website is updated daily with economic news. This section contains a market overview and various economic news from various nations, primarily the United Kingdom and the United States. The website’s fundamental analysis is updated a few times every week. It is mostly concerned with forex, gold, and oil. The SuperForex website and YouTube channel include video analysis once or twice a week. It is offered by a SuperForex analyst who forecasts the potential movement of the values of various major currencies using technical analysis. Every Friday, the SuperForex website and YouTube channel provide a ‘Weekly Review.’
Pattern Graphix
This is a free expert adviser (EA) provided by SuperForex to all clients. The ‘Pattern Graphix’ finds chart patterns and advises traders on how to approach trading an instrument based on these patterns. The trader retains control and might choose to reject or accept the expert advisor’s advice.
Trading Seminars
SuperForex has organised a number of trading seminars in various cities and countries. These seminars are designed to provide traders and prospective clients with the chance to engage with and learn from SuperForex professionals. These seminars concentrate on a practical approach to trading, including important ideas and strategy building.
Trading Glossary
The website includes a vocabulary of over 200 trade words with explanations. This might be good for novice traders who want to become aware of some of the more common trading jargon.
Educational Videos
There are several videos categorised as ‘our services’ and ‘Forex trading.’ 16 video classes explain technical analysis ideas and methodologies. Other video lessons show how to use SuperForex services such as Forex Copy, Bonuses, MT4, etc.
Trading Courses
Online Forex classes may be a better alternative if you want to dive more in-depth into a certain topic that you are struggling to comprehend or want to learn more about. The course comprises numerous lectures that go through the most basic fundamentals in Forex trading in great depth.
SuperForex Research and Education Summary
| Resources | SuperForex |
|---|---|
| Market Analysis | ✓ |
| Guides | ✓ |
| Videos | ✓ |
| Webinars | ✓ |
| Autochartist | x |
| Trading Central | x |
| Economic Calendar | x |
| Other | x |
SuperForex offers a wide range of payment methods for depositing or withdrawing funds. These payment options include wire transfers, credit/debit cards, electronic wallets, and cryptocurrency wallets.
SuperForex Funding Summary
| Payment Method | Deposit | Withdrawal |
|---|---|---|
| Wire Transfer | ✓ | ✓ |
| Credit/debit Card | ✓ | ✓ |
| Electronic Wallets | ✓ | ✓ |
| Cryptos | ✓ | ✓ |
The International Financial Services Commission (IFSC) of Belize has authorised and regulated SuperForex. Although it is an offshore regulatory authority, still the broker has gained the trust of more than 100,000 traders over more than a decade of trading services.
SuperForex Regulation Summary
| Regulator | SuperForex |
|---|---|
| ASIC (Australia) | x |
| IIROC (Canada) | x |
| CySEC (Cyprus) | x |
| SFC (Hong Kong) | x |
| JFSA (Japan) | x |
| MAS (Singapore) | x |
| FINMA (Switzerland) | x |
| FCA (UK) | x |
| CFTC (USA) | x |
| Other (IFSC) | ✓ |
SuperForex Safety
SuperForex has no banking license and is not traded as a public company on any stock exchange. SuperForex claims to follow a segregated funds policy, implying it does not use customer funds for day-to-day operations. Client deposits should be held separately in separate bank accounts and used exclusively to fund the clients’ trading operations. The broker has installed a ‘Secured Socket Layer’ (SSL) Certificate to safeguard the security of its clients. This technique secures the connection between the customers’ access devices and the SuperForex servers.
Moreover, Clients can check their login history on their accounts. The log records each login’s IP address, location, time, operating system, and internet browser. Clients can also store all of their access devices in the cabinet. Any device that does not appear on the list will be unable to access that client’s account. A customer can also construct a list of IP addresses that are permitted to access his account. These features aid in the security of clients’ accounts and deter hackers.
SuperForex provides customer support 24/5 during weekdays and market hours. But the support staff is very humble and cooperative. Customer support service can be reached via live chat, email, and phone. There is also a get a call back service available and a FAQs section on the website to get the answers quickly.
Offering a minimum deposit of $1 is SuperForex’s approach of providing its clients with the flexibility they wish. The broker also allows its consumers to deposit any amount from their accounts at no cost. SuperForex pledges to serve its clients with the most satisfactory service and support possible. Its customer care and support are available 24/5, and it provides free research and educational resources to assist any trader in making more informed decisions.
