SuperForex Broker Review 2024

SuperForex is an international broker providing trading services on various markets, such as Forex currencies, Crypto, Metals, Stocks, and Indices, through the robust MT4 platform.

What are the SuperForex broker’s regulatory status and trading conditions? We’ll explore the company’s ten different account types, trading platforms, commissions, spreads, bonus offerings, and many more in this SuperForex review.

SuperForex; Company Introduction and Regulation

SuperForex is a globally operating broker that has been in the financial markets since 2013. The International Financial Services Commission (IFSC) oversees the company’s activities. Key features of SuperForex:

• Regulated by the International Financial Services Commission (IFSC);
• Member of the Investor Compensation Fund (ICF);
• Provides services in 150+ countries;
• Operates as a No Dealing Desk (NDD) broker;
• Works with multiple liquidity providers, such as BNB Paribas, Natixis, Citibank, and UBS;
• Various bonus offerings, including no deposit and Energy+.

Despite its regulatory status with the IFSC, it's important to note that this regulatory body is not considered as stringent as top-tier regulators like the FCA or CySEC. Traders should exercise caution and conduct thorough due diligence before investing with SuperForex.

SuperForex Broker Specifications

The company offers diverse trading options and services, including Copy Trading, Mobile App, and Membership Club, to cater to various trader needs. Key specifics about SuperForex:

SuperForex Account Types

The broker has three main account offerings, including STP, ECN, and Demo. Each of these types has various modes with different conditions.

STP

ECN

SuperForex Broker Advantage and Disadvantage

Mobile Trading, various payment methods, and vast educational resources are some of the company’s strengths. However, to have a balanced view of SuperForex, let's look at its upsides and downsides.

SuperForex Account Opening and Verification

It’s time to discuss the registration process in this SuperForex review. Note that KYC verification is not mandatory, and unverified clients experience some limits when using bonus programs.

1. Visit the broker’s official website at “https://superforex.com/”;
2. Click “Open Account”;
3. Agree with the terms of use;
4. Fill out the “Personal Details” form;
5. Choose the account specifics, such as type, leverage, and currency;
6. Verify your email and phone number;
7. Provide proof of identity (passport or driving license) and proof of address (utility bill or bank statement).

What Trading Platforms Are Available on SuperForex?

We must mention the trading platforms in this SuperForex review. The company provides traders with the industry-standard MetaTrader 4 and a proprietary mobile app.

SuperForex Broker Fee Structure

The broker’s fee structure is not very persuasive compared to other competitors. In the table below, we’ll explore the commission and spreads for the EUR/USD pair in SuperForex’s various account types.

While the broker doesn’t charge any fees for deposits, it has an average fee of 3% for withdrawals. SuperForex also charges no inactivity commissions.

SuperForex Deposit and Withdrawal

One of the broker’s strengths that we must mention in this SuperForex review is the payment option. The company offers a variety of methods for deposits and withdrawals.

• Bank Wire Transfer;
• E-Payments (Skrill, Neteller, Perfect Money, FasaPay);
• Credit/Debit Cards (Visa, MasterCard, UnionPay);
• Cryptocurrencies (BTC, LTC, DOGE, PPC, DASH, RDD, ZEC, BLK, USDT);
• Local Payment Methods (Malaysia, Indonesia, Nigeria, Kenya, Zimbabwe, Namibia, Iran);
• SuperForex Money (USD, MYR, IDR).

Copy Trading and Investment Plans on SuperForex Broker

The company offers a copy trading service called "Forex Copy" for those interested in earning passive income on their assets. Key features of SuperForex copy trade:

• Allows investors to automatically copy trades of experienced traders;
• minimum deposit of 10$;
• Investors can select traders based on performance metrics;
• Option to copy multiple traders simultaneously;
• Two commission systems, Daily and Profit Share;
• Available on STP Standard and Swap Free accounts.

SuperForex Financial Markets

The broker provides access to 300+ instruments across 6 asset classes, which enable traders to diversify their portfolios and exploit market opportunities.

• Currency Pairs: Major, minor, and exotic forex pairs;
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more;
• Stocks: CFDs on shares of international companies;
• Indices: Major global stock indices;
• Commodities: Gold, silver, oil, and other raw materials;
• ETFs: More than 20 Exchange-Traded Funds.

SuperForex Bonus and Promotions

One of the most attractive topics in this SuperForex review is promotion. The broker understands the importance of incentivizing new and existing clients and offers multiple bonuses, including:

SuperForex Broker Support Channels

The company provides 24/7 support through various channels, from hotline to WhatsApp chat.

SuperForex Red Flag Countries

While the broker does not explicitly list restricted countries on its website, due to its lack of regulations, some local authorities have banned its services in their regions, including:

• United States;
• Ukraine;
• North Korea;
• Haiti;
• Suriname.

SuperForex User Satisfaction

Trust score is one of the most important topics in this SuperForex review. the company has gained some mixed reviews from users on reputable rating websites.

Conclusion and Final Words

SuperForex offers various trading services, such as copy trading and CFD contracts on 6 asset classes with leverage up to 1:3000.

However, the lack of licensing from reputable regulatory bodies and low trust scores indicates that SuperForex broker must be treated with caution. Share your thoughts about the SuperForex review in the comments.