SuperForex is an offshore broker that was established in 2013. This brokerage offers a wide variety of trading instruments including 300 major and minor currency pairs, CFDs, and cryptocurrencies (Bitcoin, Ethereum and Litecoin).
Its services are offered to both retail and institutional clients from Europe, Asia, and the Middle East. SuperForex also supports trading with the popular MetaTrader 4 platform.
Moreover, SuperForex offers a swap-free, Islamic option for Standard account holders who are not willing to earn interest for religious reasons. Islamic accounts work on a fixed commission to compensate for the lack of swaps.
SuperForex has an available Percent Allocation Management Module (PAMM) system for clients who prefer their accounts to be managed by experienced traders or personal experts. On the other hand, such professional traders have the opportunity to generate additional income.
SuperForex’s Security and Regulation
SuperForex is licensed by the International Financial Services Commission (IFSC). Its headquarters are located in Belize which is known as an offshore destination for financial service providers. The regulation and licensing requirements in this place are not as strict as in other jurisdictions. Many Forex brokers choose to register in Belize since they are obliged to meet fewer and softer requirements while complying with less stringent rules than if they were regulated in the United Kingdom or the United States.
However, from 2015 to 2016, Belize started to have strict regulations. IFSC increased the minimum requirement for initial capital for financial and commodity-based derivatives brokers. It ranges from $100,000 to $500,000. Furthermore, IFSC also increased the annual licensing fee from $5,000 to $25,000. United Kingdom-based brokers’ minimum capital requirement is 730,000 EUR and for United States-based brokers is $20,000,000.
Trading Platforms
This brokerage firm supports the award-winning MetaTrader 4 (MT4). MT4 is the preferred trading platform for professional traders. MT4 provides several technical indicators, an extensive back-testing environment, an advanced charting package, and a wide range of Expert Advisors (EAs). Clients could also download ready-made strategic plans or create their own automated trading strategies and let the program do all the work.
Traders’ Review
“Super Forex is a recommended broker. I have a standard account in USD currency for over six months with Super Forex broker, and till now, I like their services. It offers top-quality financial services, no commission at withdrawing, no minimum deposit, and the spread are competitive with a low of 2 pips for EUR/USD. The MetaTrader 4 platform works fine with the M30 time frame. I trade mainly currency pairs EUR/USD. USD/CAD, USD/JPY. My profit is close to $1000 monthly, I withdraw via MasterCard and it’s always been easy.”
- Artan, Hyd, India (October 10, 2020)
“Superforex is a wonderful broker. I’ve been trading with Superforex for more than 5 years and I have not encountered any issues with them. I’ve made a profit trading with them compared to other brokers that I have tried. Superforex is one of the best brokers in the world. I can tell you that for free.”
- Smaina2007, Nairobi, Kenya (May 21, 2020)
“My account 3005558 that broker give Payco wallet to me!!! Ok, now I got my money ready !!!I think maybe my first review with Super forex has some confusion. Now my money arrivesin my wallet.I think maybe Payco slows some service a bit but now everything is ok thanks to Super Forex for good responsible !!!! Super Forex good all service just last of my case maybe some case that confuses!! However, thank!!”
- Hengry, Phnom Penh, Cambodia (February 19, 2020)
“Opening an account at SuperForex is very easy. And of course, you don’t need much to start an account. In my case, I only deposited $50 back then and when I confirmed that the broker has a great trading environment, that is when I started to invest more. So far, my trading activities are going really well. The trading platform is very easy to use and it can handle news announcements. I can make a trade on the news without worries.”
- Donnie, Ha Noi, Viet Nam (September 29, 2020)
“I am trading on Superforex since 2015, and until now I have never found any significant problems, for WD or Deposit transactions I do very convenient using a local bank, Triv or Fasapay even with Neteller if the transaction is done large enough there is no problem, it everything ok.
One that needs to be noted here that one day there is an order that I hold and I put SL when there is a very big News, many brokers that when it happens stop loss will not work. Still, in Superforex it all goes well and SL can touch So not only support services provided with the maximum but for every transaction made by traders, they provide services and attention to perfection.”
- AsepNugraha, West Java, Indonesia (June 20, 2017)
