Superforex reviews

Superforex is not a dealing desk and from our side, there is no problem with execution.

No deposit forex bonuses

We have trading servers in different parts of the world and they are working fine. Make sure your internet connection is stable with enough speed. Trading terms on no deposit bonus accounts are different and you may not apply for it and trade with your own funds without bonus rules.

Superforex reviews

119 • great

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Reviews 119

Fake app poor management

Fantastic and fast response from broker.

Superforex a reliable broker in africa

Thanks for the app!

Wanted to leave a decent rate after the mobile app update - now it’s much easier to manage my account. Works way faster then the web version. I’d like to add the possibility to verify an account right in the app as well.

Trading wise no issues for me. I didn’t apply for bonuses, have solely my money on my ecn account. Support managers have always replied to me and tried to help, not just kicking me with standard phrases.

At first they make it look good…

At first they make it look like a good oppertunity to go for the bonus deals. But when you've excepted the bonus deals you are limited to some very bad and shady rules:
1: stoploss can't be placed thight to the positions.
2: orders sometimes can't be executed when the market doesn't move, this makes your position stuck.
3: when accepting the bonus deals you can't withdraw your profit. You can only withdraw twice the amount you have deposited. AND if you have deposited lets say 100 dollars you can only withdraw 100 dollars of profit whenever you traded 100 lots aswell. Because of this rule it is practically impossible to withdraw profits.
4: take profits cant be placed close to the current price
5: they keep falling back to their saying: "it's in the agreement you agree with when accepting the bonus". But this list with conditions is pretty big and a lot to read when you want to create the account. Tiny letters politics I call this.
6: spreads are awfull, you are not able to make quick trades.

I might had more bad things to say about superforex, but I can't remember them right now. Ill update them below if I rememberd some.

#######!I JUST WANT TO WARN YOU!#######
the spreads are awfull, you cant withdraw profits like it should, stoplosses and take profits are worthless because of the minimum distance with the current price and the orders cant be executed for like 3-5minutes.

I hope everyone will listen to this awfull experiance with superforex. Don't make the same mistakes I made.

###added after the reply of superforex###

This is what I mean by their responses. It isn't for nothing that 16% of the reviews are on a 1 star review. And that the ones that call it excelent won some sort of lottery instead of trading it themself. Be aware people!

Hello, first of all, we can't find a client with your name - daan kouwen. Can you provide us your account number? We are not sure if you are a real client.

Next, all brokers have a freeze level which is indicated in our agreement.

Superforex is not a dealing desk and from our side, there is no problem with execution. We have trading servers in different parts of the world and they are working fine. Make sure your internet connection is stable with enough speed.

We don't have limits for withdrawal on real trading accounts. Seems like you applied for the no deposit bonus. There is a bonus agreement you have to follow. In order to withdraw profit, all conditions should be followed strictly and that is our rule which was accepted by all clients who applied for the bonus.

Trading terms on no deposit bonus accounts are different and you may not apply for it and trade with your own funds without bonus rules.

Our T&C is not that long to read. Bonus agreement is just 1,5 pages. 2 main rules for the NDB are - enough profits + enough traded lots for withdrawal.

Speaking about spreads, our ECN accounts have very low spreads. You can try one yourself.

To sum up, superforex has reached more than 600.000 clients. All clients can trade using their funds with no special rules. Just follow the rules if you apply for a bonus offer. We will be waiting for your account number to check if you are a real client or whether this review is fake.

UPDATE
you have provided your account number so we could see that you've applied for the easy deposit bonus. This bonus has a 1,5 pages T&C, just 15 clauses in total.

You've applied for the bonus and agreed to it. It's very strange to see that now you disagree. We ask you to delete your review because of slander against us. Otherwise, we'll have to stop serving you as a customer because of this libel review.

Superforex reviews

119 • great

Write a review

Reviews 119

Fake app poor management

Fantastic and fast response from broker.

Superforex a reliable broker in africa

Thanks for the app!

At first they make it look good…

I might had more bad things to say about superforex, but I can't remember them right now. Ill update them below if I rememberd some.

I hope everyone will listen to this awfull experiance with superforex. Don't make the same mistakes I made.

###added after the reply of superforex###

Hello, first of all, we can't find a client with your name - daan kouwen. Can you provide us your account number? We are not sure if you are a real client.

Next, all brokers have a freeze level which is indicated in our agreement.

Trading terms on no deposit bonus accounts are different and you may not apply for it and trade with your own funds without bonus rules.

Our T&C is not that long to read. Bonus agreement is just 1,5 pages. 2 main rules for the NDB are - enough profits + enough traded lots for withdrawal.

Speaking about spreads, our ECN accounts have very low spreads. You can try one yourself.

UPDATE
you have provided your account number so we could see that you've applied for the easy deposit bonus. This bonus has a 1,5 pages T&C, just 15 clauses in total.

Superforex reviews

119 • great

Write a review

Reviews 119

Im the winner of bitcoin mania 7feb…

Im the winner of bitcoin mania 7feb 2020 and the most popular broker in this world. Super forex the choosen one and user friendly at the multiple promotion and give me new experiance amd positive response from super forex team

Super forex continuously manipulate chart

Hello, couple of days ago I have shared my experience about chart manipulation of super forex
today I will say again strongly they continuously manipulate charts and deprive us from profit.
Last time I have a doubt, manipulation or technical error!
But now I am 100% sure they intentionally manipulate charts.
So, all of my friends be careful about super forex.

I am thinking!! Most probably I will leave super forex.

Do not use this broker

Do not use this broker. They help manipulate MT4 account to promote trading robot. Beware!! They reported my first review for ‘promoting another broker’ when I didn’t. Truth is, I exposed them and they weren’t happy with it. So here it is again..

Account ID: 267757
investor pass: www.Forexpipkiller .Com
server: superforex-real
broker: super forex

Superforex will also report this review too so hopefully I am able to help save the money of others whilst it’s up.

Super forex, I will not stop until you stop. Remember this.

Superforex customer support SUCKS

Superforex customer support SUCKS! Been trying to verify my account since friday-uploaded my documents, they send e-mail asking for more documents to be e-mailed. Mail all documents to e-mail address provided, only to get notification that sending e-mail failed.Opened online chat and told them that the e-mail address is not working so can they please provide another one. Never heard back from them. Customer support just disconnected

I am happy to be number one in gold rush contest superforex

1)how are you feeling after winning in our contest?
I am very grateful to allah for being number one in this contest, I am very happy and proud
2)do you often get lucky in life?
Alhamdulillah, I always feel lucky in my life
3)how long have you been trading on forex?
I started trading forex in the middle of 2017, so around two more years
4) how did you find superforex and why did you decide to trade with our company?
I found superforex on the website, and I was interested in the bonuses and contests
5)have you decided how to spend the money?
I will use a prize contest for my trades
6) what advice can you give to forex newcomers?
For newcomers, to learn technical and fundamental analysis. Always try new things and don't be afraid of being wrong, so you can find a trading system that best suits you, then use that system with strict discipline, and don't forget to pray to allah for your success

Gold rusch

Nice experience, it was a real competition

Very nice broker thanks to ECN…

Very nice broker thanks to ECN accounts. I trade with really fast order execution.

I wish the verification was faster but…

I wish the verification was faster but the trading and financial operations everything is fine, I will continue trading with superforex.

NOT A REAL BROKERAGE, IT'S ALL FAKE

DO NOT OPEN AN ACCOUNT WITH THIS BROKER. DO NOT UPLOAD YOUR DOCUMENTS. DO NOT MAKE A DEPOSIT. THE COMPANY IS A SCAM.

14/01/2020 | in response to superforex comment as I cannot reply to their post:
1st) I do have an account with your company.
2nd) just because it's easy to steal money online from people and not be liable for that, doesn't mean it is not a serious crime. You have to really consider your actions.

Hello. Do you have an account number and any evidence that we are fake, scam and not a real brokerage?

We are a licensed broker with a paid-up capital of $500.000. You can contact IFSC in case you have any trouble with us.

1)how are you feeling after winning in…superforex

1)how are you feeling after winning in our contest?
Sumptuously. Emotions overwhelm me.

2)do you often get lucky in life?
Sometimes lucky.

3)how long have you been trading on forex?
Since 2016, briefly. Now I’ll take it more seriously.

4) how did you find superforex and why did you decide to trade with our company?
Found your site superforex on the internet, in the ranking list of reliable forex brokers. I decided to try my luck in the bitcomania contest.

5)have you decided how to spend the money?
No, I will not spend them. With these funds, I will start trading on the superforex website.

6) what advice can you give to forex newcomers?
I’ll advise newcomers to read more economic and political news, especially around the US and china, as they are now fighting among themselves for world leadership. And this struggle greatly affects both the rates of major world currencies and cryptocurrency rates. And also, beginners should study technical analysis before starting forex trading. And let FORTUNE not leave you on this path.

I was part of the gold rush challenge

I was part of the gold rush challenge, grace of god and small knowledge I have. I was part of the winners and looking forward to receive my reward in my live account.

It gave me a chance to test my skills…

It gave me a chance to test my skills without fear of loss, as a results I became a winner in gold rush challenge am just waiting for a prize to be credited to my account.Thank you super forex

False advertising dishonest broker avoid

I opened an account to try platform with advertised and confirmed link to a $50.00 no deposit bonus and in order to get that i required to be fully verified. I provided passport and proof of address and it took days they kept saying we have technical error and soon will be credited then after chase on chat they said we refuse to give you this bonus and when i asked why? They simply said we because don't want to, we changed our mind. Scam scam company.
They did this because they wanted me to deposit. All the no deposit bonus crap was a scam and false pretext to get sign ups. They should be begging people to take that crapy bonus, it doesn't even deserve to be called bonus. Trade 50 lots max withdrawal $50 this the worst bonus ever. I don’t need your bonus or your services or anything to do with your company and i asked for account created to be closed and my personal info erased but got no response. No response on emails nothing they really suck. Stick with a proper broker avoid

Superforex review

Superforex

Reason to avoid: offshore license

Listed date: september 20, 2018

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Beware superforex is a non-regulated broker. It is NOT SAFE to trade.

About superforex

��️ registered in	belize
��️ type of license	offshore license
��️ is superforex safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	FP markets - licensed by ASIC in australia

Is superforex a scam or legit broker?

No, it is not safe to trade with superforex. Superforex is owned by superforex ltd. Which is an offshore company registered in belize.

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 and more. We have a detailed article explaining the risk of trading with brokers from belize.

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, while there is no strictest application to the rules of business conduct, comparing to the reputable forex authorities alike FCA (UK) and ASIC (australia). There are currently many brokers who establish their office in belize since the company gains access to a worldwide client while stating their official regulation. But once again, in fact, IFSC is a rather self-regulatory authority that did not implement sharp follow of standards.

Generally, we do not advise to open an account and engage in trading with the offshore brokers, since it may incur significant risks even if the offering sounds very attractive. As the company not overseen regularly by the licensor or the forex industry professional authority, there are many questions in regards to how the company manages traders and overall operation.

In superforex case it has also been confirmed by some number of negative responds and reviews from their clients, while the traders faced issues with the money withdrawal or some inconvenient processes during the trading sessions or position openings.

We advise all investors and traders to avoid superforex and other brokers from belize. Traders should trade with well-regulated brokers such as UK brokers or brokers in australia and reliable brokers such as city index and XM.Com.

At first they make it look like a good oppertunity to go for the bonus deals. But when you’ve excepted the bonus deals you are limited to some very bad and shady rules: 1: stoploss can’t be placed thight to the positions. 2: orders sometimes can’t be executed when the market doesn’t move, this makes your position stuck. 3: when accepting the bonus deals you can’t withdraw your profit. You can only withdraw twice the amount you have deposited. AND if you have deposited lets say 100 dollars you can only withdraw 100 dollars of profit whenever you traded 100 lots aswell. Because of this rule it is practically impossible to withdraw profits. 4: take profits cant be placed close to the current price 5: they keep falling back to their saying: “it’s in the agreement you agree with when accepting the bonus”. But this list with conditions is pretty big and a lot to read when you want to create the account. Tiny letters politics I call this…. 6: spreads are awfull, you are not able to make quick trades. I might had more bad things to say about superforex, but I can’t remember them right now. Ill update them below if I rememberd some. #######!I JUST WANT TO WARN YOU!####### the spreads are awfull, you cant withdraw profits like it should, stoplosses and take profits are worthless because of the minimum distance with the current price and the orders cant be executed for like 3-5minutes. I hope everyone will listen to this awfull experiance with superforex. Don’t make the same mistakes I made.

Superforex review

Founded in 2013 and based in belize, superforex is an online forex broker that offers online trading services on over 300 trading instruments across multiple asset classes, such as forex, indices, stocks, cryptocurrency, commodities, energies, and metals. The broker provides clients with the metatrader 4 trading platform, offering competitive spreads, high leverage, and low minimum deposit.

Superforex review – broker features

Superforex is a “no dealing desk” (NDD) broker that has partnered with premium liquidity providers (lps). They have also won some industry awards including “the fastest growing broker” in 2015 and the “best forex broker “ in 2016 in the MENA region; both awards were courtesy of showfxworld.

Superforex review introduction

In this superforex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including superforex.

Superforex platforms & tools

Superforex review – MT4 desktop

The broker provides traders with the popular metatrader 4 trading platform. The MT4 is versatile and has the webtrader version, windows desktop application, and the mobile app versions for android and ios devices. The mobile app version has almost all of the same features of the MT4 desktop and integrates seamlessly with the MT4 accounts. It can be downloaded from relevant app stores for trading on the go.

Superforex review – MT4 mobile

There is also the superforex trading cabinet, an android app that is developed by superforex; it integrates with the client’s cabinet area of the website and also has other features, including:

Funding or withdrawing from your accounts right from the app.

Viewing the complete trading history

Full access to the client support desk

The broker also provides clients with useful trading tools, in addition to those built into the metatrader 4 platform, and they include market analysis, superforex bank, pattern graphix, and forex copy, which helps traders to automatically copy the trades of master traders.

Superforex review – market analysis

Superforex research & education

Superforex provides traders with trading seminars and educational materials, such as educational videos and a trading glossary of over 200 trading terms and their detailed explanations.

Superforex review – trading videos

Superforex trading accounts

Superforex provides multiple account types to suit the different needs and experience levels of traders. All of the accounts are grouped into either STP or ECN accounts; they have minimum required deposits that range from just $1 to $5000. The following are the STP account types:

Micro account

Standard account

Swap free account

No spread account

Profi STP

Crypto account

The ECN accounts are similar to the STP accounts except for a few features. There are no maximum deposits, all spreads are floating, but forex copy is not available. The following are the ECN account types:

ECN standard mini

ECN standard

ECN swap-free mini

ECN swap-free

ECN crypto

Demo accounts are available to all clients at no cost.

Superforex account funding

The broker offers a variety of account funding methods that are aimed at localizing payments. The following funding methods are accepted: local bank transfers, bank wire transfer, debit/credit cards, electronic payments, cryptocurrencies, and superforex money. Deposits are free but withdrawal commissions are charged depending on the method used.

Superforex customer service

The broker offers a customer support desk 24/5 during market hours. They can be reached via online web chat, telephone, and email. There is a FAQ section on the broker’s website, which gives instant answers to clients’ questions.

Superforex regulation

Superforex is authorized and regulated by the international financial services commission (IFSC) of belize.

Superforex review summary

Superforex is an online broker that is committed to satisfying traders. They offer multiple account types to suit every trader’s investment size and experience level, and they provide clients with the metatrader 4 trading platform and a good selection of educational materials.

It is worth mentioning that some of the trading products and services in this superforex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the superforex broker website which you can visit by using the link below.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Superforex

Spreads

Liquidity

Commissions

Support

Regulation

Features

Metatrader 4 platform

Multiple trading tools

Over 300 trading instruments

A good choice of educational materials

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Superforex review

Superforex is an online forex broker that is located in belize. They offer traders over 300 trading instruments for trading online via the popular metatrader 4 platforms. Despite the broker offering multiple account types, high leverage and a social trading platform, the regulation is not ideal and thus we would take great caution and prefer to use a broker with more regulation.

Superforex review, pros & cons

Managed accounts via superforex bank

Social trading via forex copy

Multiple trading tools & training resources

Offshore regulation not ideal

Clients from USA are not accepted

No proprietary platforms or other choices apart from MT4

Spreads not the lowest

In this detailed superforex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Superforex is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including justforex.

Superforex review: summary

Superforex is a broker with a goal to exceed customers’ expectations by providing quality and innovative online trading services. Founded in 2013, superforex is a global brokerage that offers over 300 forex and CFD instruments for trading online via the MT4 trading platform. The broker operates from belize where it is registered and regulated by the relevant authorities. It also has other subsidiaries around the globe. Superforex boasts of over 200,000 clients from 150 countries. The official website is available in 13 languages. The broker features competitive spreads, high leverage and low minimum deposit. Despite this, the regulation is lacking and we would prefer a broker that has regulation from an EU, australian or US authority.

Superforex review: broker features

Superforex states that it is a ‘no dealing desk’ (NDD) broker that has partnered with premium liquidity providers (lps). Some of the lps mentioned are citibank, UBS, BNP PARIBAS, NATIXIS, etc. These lps are responsible for the prices that superforex streams on its platforms on desktop and mobile. In its execution policy document, superforex states that it is the sole execution venue for all orders and acts as principal to all client orders.

Aside forex and CFD trading, superforex is committed helping the less privileged around the world through its social responsibility programmes. The broker has assisted families, orphanages and helpless people in malaysia, indonesia, thailand, egypt, amongst others.

Superforex is proud to announce that its hard work has been acknowledged by industry experts that have honoured the broker with awards. In 2015, superforex was declared the ‘fastest growing broker’ and in 2016, the broker won the ‘best forex broker’ in the MENA region. Both awards were courtesy of showfxworld; an international financial services organization.

Superforex review: broker awards

Superforex review: regulation

Superforex is authorized and regulated by the international financial services commission (IFSC) of belize. This is not considered by many professionals to be one of the most popular regulators in the brokerage industry.

Superforex states that it uses the ‘segregated funds’ policy which means that it does not use clients’ money for its day to day operations. Clients’ deposits should be safely kept away in separate bank accounts and are only used to fund the trading activities of the clients. Superforex should not use the funds for any other purposes such as business running costs.

To ensure the safety of its clients, superforex has installed a ‘secured socket layer’ (SSL) certificate. This technology protects the communication channel between the clients’ access devices and superforex servers.

To further protect clients’ accounts, superforex recommends that they verify their email and phone number. In its anti money laundering (AML) policy document, superforex states that in order to comply with the anti-money laundering laws, it requires every client to upload a government issued ID card and a utility bill document. This is the compulsory verification that is required during registration of new clients.

Clients have access to view a log-in history on their accounts. The log shows all IP addresses, location, time, operating system and the internet browser used for each login. The aim is for a client to easily detect any login activity that is not from him. Clients can also add all their access devices in the clients’ cabinet. Any device not found in the list will not be able to login to that clients’ account. Additionally, a client can create a list of allowed IP addresses that are authorized to access his account. These functions help to secure clients’ account and shuts off hackers.

Superforex review: countries

Superforex states that its services are not available to residents of the USA. Some superforex broker features and products mentioned within this superforex review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Superforex review: trading platforms

MT4 trading platform

Metatrader 4 (MT4) is a free, popular and professional trading platform that has been adopted by many brokers and traders across the world. The MT4 platform is versatile; it has the webtrader version, windows desktop and mobile app versions for android and ios devices. Already, there are thousands of plugin apps including indicators and automated trading systems developed for the MT4 platform, thus encouraging numerous traders to continue using it.

Here are a few of the MT4 platforms key features:

Fully customisable layouts, interface, charts and windows.

All tradable assets can be displayed on 3 chart styles over 9 timeframes.

It is preloaded with 30 indicators and 24 analytical tools.

Traders can create, test and use automated trading robots called expert advisors (eas) to automate their forex and CFD trading.

Strategy tester to back test eas over historical data.

Supports multiple orders including pending orders and market orders.

Alert notifications via platform pop-ups, emails and SMS.

Superforex review: MT4 trading platform

MT4 mobile trading app

This is the mobile version of the MT4 platform which is available as ios and android apps. The apps can be downloaded from the relevant app stores. The MT4 app has almost all of the same features of the MT4 desktop platform and integrates seamlessly with the MT4 accounts. The mobile trading app is useful for traders who wish to trade whilst on the go.

Here are some of the MT4 mobile trading app features:

The app is user friendly and the appearance, colours and other features are customisable.

Shows the selling and buying prices of all the assets in real time.

Shows the charts of all instruments over 9 timeframes.

The ‘trade’ tab shows all the open trades as well as the account balances in real time.

Multiple order types including ‘market execution’ and pending orders.

Set price alerts via push notifications.

Superforex review: MT4 mobile trading app

Superforex trading cabinet

This is an android app developed by superforex. It integrates with the clients’ cabinet area of the website and also has other features for account analysis and statistics.

Here are some of the primary features of the superforex app:

Manage accounts from the app; create new demo or real accounts.

Fund or withdraw from your accounts right from the app.

View the complete trading history.

View all superforex bonus programs.

Full access to the client support desk.

Superforex review: trading cabinet app

Superforex review: trading tools

Forex copy

Fore copy is the superforex social trading platform where traders are able to automatically copy the trades of other traders known as a ‘master’. This is beneficial to investors and new traders because they can easily copy signals without needing to conduct analysis and follow market news. A master trader can also benefit from the service by receiving commissions on any profits made by their signals. An investor only needs a minimum deposit of $100, then they can choose a master account and start copying trades. Superforex profiles a long list of master accounts and their performance statistics so that a copier can carry out a thorough assessment before settling for a master to copy. It must be strongly emphasised that the past performance of trading signals is by no guarantee an indication of future performance and there are always risks involved with trading online.

Superforex review: forex signals

Market analytics

Technical analysis comes up periodically on the superforex website. The analysis is done on selected forex currency pairs. Several indicators are used to analyse selected charts and are rounded off by giving trading ideas to traders.

The economic news is updated every day on the superforex website. This section includes the market overview as well as the different economic news from several countries especially UK and USA.

Fundamental analysis is updated a few times every week on the website. It is mainly focused on currency pairs, gold and oil.

Video analysis is presented once or twice a week on the superforex website and youtube channel. It is presented by a superforex analyst who uses technical analysis principles and indicators to forecast the possible movement of prices of some major currencies.

‘weekly review’ comes up every friday on the superforex website and youtube channel. It is presented as a video.

Superforex bank

This is superforex managed investment portfolio of cfds, shares and cryptocurrencies. Investors are required to deposit at least $100 within a period of 15 days to 1 year. Commissions are charged on withdrawals and on the investment portfolios. There is no guarantee on the performance of this managed portfolio and all online trading carries a significant element of risk.

Pattern graphix

This is an expert advisor (EA) that is offered free of charge to all clients by superforex. The ‘pattern graphix’ identifies chart patterns and gives the trader suggestions on how to approach the trading of an instrument based on these patterns. The trader still retains control and can choose to ignore or follow the advice of the expert advisor.

Superforex review: education

Trading seminars

Superforex has held several trading seminars in different towns and in different countries. These seminars aim to give traders and prospective clients the opportunity to interact with superforex experts and learn from them. The seminars focus on practical approach to trading which includes key concepts and strategy development. Seminars have been held in cotonou, lusaka, windhoek, kota salatiga, kuching, kenya, lagos, kuala lumpur, port harcourt, samarinda and other cities within africa and asia.

Trading glossary

A glossary of over 200 trading terms along with explanations are provided on the website. This can be useful to new traders who are looking to familiarise themselves with some of the more popular trading terminologies.

Educational videos

There are several videos grouped as ‘our services’ and ‘forex trading’. There are 16 video lessons teaching technical analysis strategies and principles. There are other video tutorials explaining how users can utilize superforex services like forex copy, bonuses, MT4, etc.

Superforex review: trading videos

Superforex review: trading instruments

The following instruments are available for online trading through the superforex trading platforms:

105 forex currency pairs including the major, minor and exotic crosses

10 metals

84 stock cfds

87 futures

19 indices

9 cryptocurrencies

Superforex review: trading accounts & fees

Superforex provides multiple account types to suit the different needs and experience levels of traders. All of the accounts are grouped into either STP or ECN accounts.

The following are the STP account types:

Micro cent account: this account is denominated in USD or EUR cents. The minimum deposit is $1/€1 while the maximum deposit is $3,000/€3,000. The lot size is 10,000 cents and the maximum leverage is 1:1000. The spreads are fixed.

Standard account: the minimum deposit is $1 and the maximum leverage is 1:1000. Spreads are fixed and the lot size is 10,000.

Swap free account: $1 is the least deposit amount while the leverage is capped at 1: 1000. Swap charges are waived on this account and the lot size is 10,000.

No spread account: the minimum deposit is $1,000 and the maximum spread is 1:1000. This account is swap-free and the lot size is 100,000.

Profi STP: this account is only available in USD. The minimum deposit is $5,000 and there no maximum deposits. The maximum leverage is 1:200 and the lot size is 100,000.

Crypto account: the account currency is USD. Even though clients operate the account using cryptocurrencies, the conversion is still displayed. The lot size is 10 BTC and the maximum leverage is 1:10. The minimum deposit is $100 and the account features only fixed spreads.

The ECN accounts are similar to the STP accounts except for a few features. There are no maximum deposits, all spreads are floating and forex copy is not available. The account currencies can be in USD, EUR or GBP except for ECN crypto that is only denominated in USD.

The following are the ECN account types:

ECN standard mini: minimum deposit is $1, lot size is 10,000 and the maximum leverage is 1:100.

ECN standard: minimum deposit is $1, lot size is 100,000 and the maximum leverage is 1:1000.

ECN swap-free mini: minimum is $1, lot size is 10,000 and the max leverage is 1:1000.

ECN swap-free: minimum deposit is $1, lot size is 100,000 and max leverage is 1:1000.

ECN crypto: minimum deposit is $100, lot size is 10 BTC and the max leverage is 1:10.

Demo accounts are available to all clients at no costs. These demo trading accounts can be useful to try the different trading platforms available and to practice your trading strategies.

As broker fees can vary and change, there may be additional fees that are not listed in this superforex review. It is imperative to ensure that you check and understand all of the latest information before you open a superforex broker account for online trading.

Superforex review: broker trading accounts

Superforex review: customer service

The superforex 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. If you wish to receive a call from support desk, then fill the ‘call back’ form available on the website. A support representative will call you at your convenience. 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 receive support by calling the international support help line and also by sending email. On social media, superforex is on facebook, youtube, twitter, linkedin and instagram.

Superforex review: deposit & withdrawal

Superforex has a commitment to localising payments and is still expanding it to different countries. Deposits are free but withdrawal commissions are charged depending on the method used.

The following funding methods are accepted:

Local bank transfers: this method is available to clients in malaysia, indonesia, nigeria, kenya, zimbabwe, namibia and iran. The deposits are processed instantly while withdrawals generally take 1-3 business hours. The transfer is done in the local currencies.

Bank wire transfers: it takes 2-4 business days to process international bank deposits. Withdrawals are charged 3% + $35 and it takes up to 4 business days.

Debit/credit cards: all major credit and debit cards are accepted including visa, mastercard and unionpay. Card deposits are processed immediately. Withdrawal charge is 3% + $7 per withdrawal and the minimum withdrawal is $20. It takes up to 3 business days to completely process a withdrawal.

Electronic payments: deposits are instantly processed while withdrawals can take up to 4 business days to complete. The accepted channels are; skrill, sticpay, neteller, payco, triv, fasapay, perfect money, payeer, online naira, ipay, flutterwave, ngan luong. Withdrawal charges range from 0.5%-3.5% depending on the method used.

Cryptocurrencies: the cryptos accepted are BTC, LTC, DOGE, PPC, DASH, RDD, ZEC and BLK. Deposits are processed instantly while withdrawals take 1-3 hours. A commission of 0.9% is charged on withdrawals.

Superforex money: these are superforex money vouchers denominated in $10, $50, $100, $500 and $1,000 used for making deposits. The broker rewards its voucher users with a discount of 7% on all vouchers. Deposits are credited immediately to the trader’s account. Withdrawals to vouchers take 1-3 working days and no commissions are charged. The vouchers have no expiry dates and no limitations.

Superforex review: broker account funding

Superforex review: account opening

Superforex asserts that it takes only 3 easy steps to open an account and start trading online. First click on the ‘open account’ button found on the top right-hand side of any webpage on the website. On the drop-down list that displays, select ‘trader’, click on the checkbox to agree with the superforex public offer agreement if you agree to it and then click ‘open account’. The client registration form displays.

Superforex review: open brokerage account

Fill the form and click ‘next’ to display the second page of the form. Select the account type, leverage and currency, then, click on ‘open account’. You are automatically logged onto the client cabinet area where you can fund your account, download trading platforms, etc.

Superforex review: conclusion

Superforex is a broker that is out to satisfy its customers. Regulated by the IFSC, the broker states that clients’ accounts are secured and digitally protected. Clients’ funds should be safely kept in segregated accounts.

Superforex offers multiple account types so that every trader can choose what works for them depending on their investment size and trading experience. The broker also offers multiple payment options to accommodate clients from different countries with differing needs.

They allow all trading strategies and traders with small capital are welcome. The metatrader platforms give multiple options for traders and are a popular choice for both beginner and experienced traders.

The provision of market analytics and educational materials further demonstrates the broker’s commitment to supporting traders. Managed portfolios via superforex bank and forex copy are designed for investors and traders who wish to copy or provide trading signals.

Despite this, the IFSC belize regulation is not at par with that of FCA, cysec or ASIC. This is why several industry experts warn traders to avoid such brokers. Although superforex seems to be a genuine and respectable broker, we would proceed with great caution when dealing with this broker. It should also be mentioned that the spreads are not also the tightest when compared to other online brokers.

CFD and FX trading on margin carry high levels of risk. Traders should ensure they understand the risks associated with leveraged CFD and FX trading before deciding to trade.

Min $1 deposit

Superforex is an online forex broker based in belize. They offer over 300 trading instruments for trading via the MT4 platforms. Whilst they have multiple account types, high leverage & social trading, the regulation is not ideal.

Superforex reviews

119 • great

Write a review

Reviews 119

Fake app poor management

Fantastic and fast response from broker.

Superforex a reliable broker in africa

Thanks for the app!

At first they make it look good…

I might had more bad things to say about superforex, but I can't remember them right now. Ill update them below if I rememberd some.

I hope everyone will listen to this awfull experiance with superforex. Don't make the same mistakes I made.

###added after the reply of superforex###

Hello, first of all, we can't find a client with your name - daan kouwen. Can you provide us your account number? We are not sure if you are a real client.

Next, all brokers have a freeze level which is indicated in our agreement.

Trading terms on no deposit bonus accounts are different and you may not apply for it and trade with your own funds without bonus rules.

Our T&C is not that long to read. Bonus agreement is just 1,5 pages. 2 main rules for the NDB are - enough profits + enough traded lots for withdrawal.

Speaking about spreads, our ECN accounts have very low spreads. You can try one yourself.

UPDATE
you have provided your account number so we could see that you've applied for the easy deposit bonus. This bonus has a 1,5 pages T&C, just 15 clauses in total.

Superforex reviews

119 • great

Write a review

Reviews 119

Fake app poor management

Fantastic and fast response from broker.

Superforex a reliable broker in africa

Thanks for the app!

At first they make it look good…

I might had more bad things to say about superforex, but I can't remember them right now. Ill update them below if I rememberd some.

I hope everyone will listen to this awfull experiance with superforex. Don't make the same mistakes I made.

###added after the reply of superforex###

Hello, first of all, we can't find a client with your name - daan kouwen. Can you provide us your account number? We are not sure if you are a real client.

Next, all brokers have a freeze level which is indicated in our agreement.

Trading terms on no deposit bonus accounts are different and you may not apply for it and trade with your own funds without bonus rules.

Our T&C is not that long to read. Bonus agreement is just 1,5 pages. 2 main rules for the NDB are - enough profits + enough traded lots for withdrawal.

Speaking about spreads, our ECN accounts have very low spreads. You can try one yourself.

UPDATE
you have provided your account number so we could see that you've applied for the easy deposit bonus. This bonus has a 1,5 pages T&C, just 15 clauses in total.

Superforex reviews

119 • great

Write a review

Reviews 119

Fake app poor management

Fantastic and fast response from broker.

Superforex a reliable broker in africa

Thanks for the app!

At first they make it look good…

I might had more bad things to say about superforex, but I can't remember them right now. Ill update them below if I rememberd some.

I hope everyone will listen to this awfull experiance with superforex. Don't make the same mistakes I made.

###added after the reply of superforex###

Hello, first of all, we can't find a client with your name - daan kouwen. Can you provide us your account number? We are not sure if you are a real client.

Next, all brokers have a freeze level which is indicated in our agreement.

Trading terms on no deposit bonus accounts are different and you may not apply for it and trade with your own funds without bonus rules.

Our T&C is not that long to read. Bonus agreement is just 1,5 pages. 2 main rules for the NDB are - enough profits + enough traded lots for withdrawal.

Speaking about spreads, our ECN accounts have very low spreads. You can try one yourself.

UPDATE
you have provided your account number so we could see that you've applied for the easy deposit bonus. This bonus has a 1,5 pages T&C, just 15 clauses in total.

So, let's see, what we have: do you agree with superforex’s 4-star rating? Check out what 119 people have written so far, and share your own experience. At superforex reviews