Superforex change leverage

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts.

Free forex bonuses

SuperForex Review - Is it scam or safe, superforex change leverage.

The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry. Second, about hotenergybonus (60% on deposit). I had an account for a while and I traded on it. Sometimes ago when I read about that bonus, I made a deposit with it. Suddenly, all my deposits before that moment they count as they were made with bonus. So, if you have deposit 100 USD$ without it and 1 USD$ with that kind of bonus they will count that you deposited 101 USD$ with hotenergybonus. Beware.

Superforex review - is it scam or safe?

RECOMMENDED FOREX BROKERS

Trading accounts

account type	minimum deposit	minimum trade size	maximum leverage	spreads (& commission)
micro cent	$1	0.01	1:1000	fixed, 2 pips
standard	$1	0.1	1:1000	fixed, 2 pips
no spread	$1 000	0.1	1:1000	0 pips + commission from 0.02%
profi STP	$20 000	0.1	1:200	variable, from 20% on basic pairs

Superforex offers its clients the above account types. In addition, swap-free (islamic) option is available for standard acount holders who are not willing to earn interest for religious reasons. To compensate for the lack of swaps, islamic accounts work on a fixed commission.

Furthermore, this broker provides PAMM system for customer who prefer their accounts to be managed by experienced traders (managers). On the other hand, such professional traders have the opportunity to generate additional income.

The company. Security of funds

Operating since 2013, superforex is an offshore broker offering trading in over 300 currency pairs, a wide range of cfds on various assets, cryptocurrencies included (bitcoin, ethereum and litecoin). Trading with this broker is done through the popular metatrader 4 and its services are offered to both retail and institutional customers from europe, asia and the middle east.

It is licensed by the international financial services commission (IFSC). Belize is known as an offshore destination for financial service providers, where the regulation and licensing requirements 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 and to comply with less strict rules than if they were regulated in the UK or US for example. In fact, IFSC rather relies on self-regulation of forex brokers.

Recently, as of the end of 2015 and the beginning of 2016, belize regulation tightens. IFSC increased the minimum requirement for initial capital for financial and commodity-based derivatives brokers from $100,000 to $500,000. Furthermore, IFSC has increased the annual license fee from $5,000 to $25,000. In comparison, the minimum capital requirement for UK-based brokers is 730 000 EUR and for US-based ones – 20 million.

So, regulation in belize is better than the one in the st. Vincent and the grenadines, where brokers follow simple registration procedure and don’t have to comply with any requirements as regards minimum capital or segregation of client’s’ funds, for instance. Still, IFSC supervision cannot be compared to the one exercised by US or UK financial watchdogs.

If you intend to invest a large amount of money, we would advise you to select a forex broker licensed in UK, cyprus, US for instance, where regulation is strict and there are compensation schemes, which will protect your money in the event that your broker is at default.

Trading conditions

Minimum initial deposit
the minimal sum required to open an account with superforex is just $1, a symbolically low amount, which is reasonable, considering the looser regulation.

Average spreads & commissions
this broker offers mostly fixed spreads, amounting to an average of 2 pips on EUR/USD and says that it doesn’t charge any commission. Such fixed spread is considered average for the forex market. Yet, some brokers have better offers: easymarkets offers spreads fixed at 1.0 pips on EUR/USD for those who deposit more than $250.

Maximum leverage
the maximum leverage rates at superforex are high, reaching 1:1000. In comparison, easymarkets provides leverage up to 1:400, which allows for better risk management strategy.

Many jurisdictions set limitations on leverage, which are considerably lower, for instance 1:50 in USA and 1:25 in japan. The reason for this is that trading on margin involves a risk of heavy losses, exceeding the initial investments and that is why traders should exercise caution.

Trading platform

Superforex supports the award-winning metatrader 4, the preferred choice of trading professionals. The platform offers all a trader needs: a number of technical indicators, extensive back-testing environment, advanced charting package and a wide range of expert advisors (eas). Traders can download ready-made or create their own automated trading strategies and simply let the program do all the work.

Bonuses & promotions

This broker offers a variety of bonuses:

- 40% welcome bonus on first deposit;
- no deposit bonus- new members can get up to $100 just by opening a real trading account, no initial deposit is required. The no deposit bonus cannot be combined with other bonuses.
- 60% energy bonus on each deposit - every time you make a deposit to your account, you will receive a 60% bonus, regardless of the amount of the deposit;
- 120% hot bonus – it is intended for traders who want to operate with a larger trading volume and earn a better profit;
- friends & family invitation bonus up to $100 (the person referred to us also will also get a reward in the form of bonus depending on their initial deposit).

Moreover, there is the trading points loyalty program. Upon registration all members automatically enter the contest and start collecting points for rewards. For each trade order the corresponding amount of points is credited to members’ accounts (1 point = 1 lot = $0.01).

Superforex has also organized the lucky draw contest, which is open for any real account holders with an account balance of at least $300 for the whole period of the contest. They get the chance to win a tradable bonus of $1000, based on account balance calculations.

In addition, this broker offers fixed annual interest rate of 5% for its clients ‘equity, regardless of their trading volume.

Methods of payment

The following payment modes are available to clients of superforex: credit/debit cards (visa, mastercard, unionpay), bank wire transfer, and the following e-wallets: skrill, neteller, webmoney, payco, QIWI, yandex, epayments transfer, boleto transfer, latin america transfer, деньги online, fasapay and 10 cryptocurrrencies.

Clients can open accounts and deposit funds in USD, EUR, and RUB.

Conclusion

Superforex provides competitive conditions for trading in various currency pairs and cfds on the popular MT4. However, there is no choice of trading platforms, and what is most important – forex broker regulation in belize is quite loose. To sum up the above, here are the advantages and drawbacks with regards to this broker:

Pros	cons
MT4 available	no choice of trading platforms
high leverage levels offered	liberal regulation
low initial deposit required
bonuses available

Latest news about superforex

FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.

Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Broker	country	regulation	platform	min deposit	review
	cyprus, UK, mauritius	cysec, FCA, FSC, FSCA	MT4, MT5, web	$10	review website
	cyprus, SVG	cysec	MT5, web, ctrader	$100	review website
	australia, cyprus	ASIC, cysec	MT4, MT5, iress	$100	review website
	cyprus,belize, australia	cysec, IFSC, ASIC	MT4, MT5	$5	review website
	UK, australia, south africa	FCA, ASIC, FSCA, cysec	MT4, trading station, ninjatrader	$50	review website
	UK, cyprus, UAE, south africa	FCA, cysec, DFSA, FSB	MT4, MT5, fxpro markets, ctrader	$100	review website
	belize	IFSC	MT4, MT5	$100	review website
	cyprus, UK, south africa, UAE	cysec, FCA, FSCA, DFSA	MT4, MT5, web	$5	review website

Traders` reviews for superforex

Spread

Slippage

Requotes

Price feed

Platform

Deposit/withdraw

Customer service

Summary

Scammer

Super forex is of scamming broker.They wont allow you to withdraw profits. I got profit $500 and they cancelled the trades and I asked them ther replied you made a violation and they suggested to change the strategies. As per the agreement as of them in 5.6. I have all the proofs if you need any help contact me +919789273108(whatsapp). Note: kindly avoid using super forex broker.Thank you.

Superfxtrade

Company said I must pay R10000 for VIP upgrade and that my withdrawal would be successful into my bank account
it's 4 days later and I still have not had any feedback except for the broker telling me that it was not successful because the amount is too big for my bank. Yesterday they sent an email that I must credit my luno wallet before payment but I have already paid.

Very big scam

Don't trade superforex broker
my initial amount is not given and profit are cancel

My total loss 1250usd not given
big scam fraud broker superforex

The biggest scam broker on the planet. Run away with your money

Here's one of the many such conversations I had with their support department. It should be a real eye opener:

Superforexcustomer support
[email protected]
you — please update your info
hello
chat started
superforexcustomer support joined the chat
superforexcustomer supporthello, how can we help you ?
You — please update your info
I made a withdrawal of 330 EUR via sorexpay but only got 246 EUR in my account
superforexcustomer supportcould you provide your account number (login) to us?
You — please update your info
is this normal or there was an error?
247350
superforexcustomer supportwait, please.
Your withdrawal was transfered in full from our side. Please, note the fees and commissions of your payment system.
You — please update your info
the fees and commissions were 80 euros?
I don't think any payment system charges that much
let me show you the transaction from my side
superforexcustomer supportplease, note that transferring from card processing company to your bank can take up to 5 business days.
You — please update your info
I have already received the money. It's just not the correct amount
as you can say sorexpay only sent 279 usd to me despite my withdrawal being 330 EUR
see*
superforexcustomer supportit is payment system commission + convertation losses (we work with sorexpay through USD wallet, your account in EUR)
you — please update your info
yes, I understand that
my net withdrawal from superforex was 310 EUR
I have the email from superforex to confirm that
and if you convert 310 EUR it's not 279 usd
how does that become 279 usd?
Superforexcustomer supportpayment system commission + convertation losses
you — please update your info
can you breakdown the whole calculation for me please
show me how we went from 330 EUR to 279 usd
it should be easy to do
are you still there support?
Superforexcustomer support16.9EUR is your payment system commission
other part is convertation losses
you — please update your info
what was the rate you guys used?
Superforexcustomer supportyou can check it in your mt4
you — please update your info
well, in my MT4 right now the rate is 1.12985
therefore my 313 eur should be 353 usd
how are you guys calculating it
superforexcustomer supportthe calculations are based on time of transaction currency rate
you — please update your info
what was the rate at the time of conversion
?
As a customer i'd think I'm privy to such knowledge
do you at least understand that I'm just asking for a full comprehensive receipt of how my withdrawal was handled here?
And if your company is not cheating me in any way they should have no problem providing a clear breakdown of every penny
I don't get your insistence on telling me "convertation losses" (which P.S the correct term is conversion) rather than just showing me that we converted your 313 eur on this specific date and time at a rate of xxxxx bringing your money to 279 usd
and the usd is worth less than the euro. How's the amount decreasing when converted from euro to usd?
Are you still there suppport?
Superforexcustomer supportyes. We passed your request to our financial department. We'll send your receipt via email.
You — please update your info
okay, I'll be waiting
do you guys deliberately make all these "errors" to steal people's money or your systems are just not well optimized?
As a customer support rep I can understand how hard your job must be trying to convince customers otherwise when it's clear some gross errors are taking place. Probably by other departments
superforexcustomer supportwe apologize for the inconvenience.
You — please update your info
when can I expect the receipt
?
Superforexcustomer supportin 48 hours
you — please update your info
okay, I will wait for it then
good day
type your message here

Scam broker

Scam broker. If somebody is reading this - don't open account! They are scam broker and thieves. I have lost few hundred $

Superforex changing minimum lot size from 0.01 to 0.50 .

Hi.
Till now I was surprised with superforex customer policy but bellow I will explain why I don't trust them anymore.

First, yesterday (may, 17.2018) they changed a minimum lot size from 0.01 lot to 0.50 lots for micro accounts. It was done without any prior notice or without some announcement. Just imagine, they change it for 5000% and they didn't tell the customer about it.

When I realized that they change it, and when I asked what is it about, they told me "sorry. Our mistake." and that was it. Still they claim 0.01 as a minimum lotsize, and I can see, that you didn't change it, too.

Second, about hotenergybonus (60% on deposit). I had an account for a while and I traded on it. Sometimes ago when I read about that bonus, I made a deposit with it. Suddenly, all my deposits before that moment they count as they were made with bonus. So, if you have deposit 100 USD$ without it and 1 USD$ with that kind of bonus they will count that you deposited 101 USD$ with hotenergybonus. Beware.

It is not a metter of money it is a matter of principals.

Superforex review

Superfin corp

Superforex is a forex broker. Super forex offers the metatrader 4 forex trading top platform. Superforex.Com offers over 100 currency pairs, cfds, indices, energy, gold and silver for your personal investment and trading options.

Broker details

established:	2013
address:	5 cork street, 2 floor, belize city, belize
contact:	support@superforex.Com, +65-3-1590282
regional offices:
regulators:	IFSC #IFSC/60/292/TS/14
prohibited countries:

deposit methods:

bank wire, VISA, mastercard, bitcoin, epayments, fasapay, flutterwave, ipay, litecoin, local bank transfers, neteller, ngan luong, onlinenaira, payco, payeer, perfectmoney, qiwi, skrill, sticpay, triv, unionpay

withdrawal methods:

Live discussion

Join live discussion of superforex.Com on our forum

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

This is only to show that you keep lieing for free:

Account: 3015483
name: mihai sebastian onocan currency: EUR
leverage: 1:1000 2020 december 21, 23:59

Closed transactions:
ticket open time type volume item price S / L T / P close time price commission swap profit
369077 2020.12.21 13:49:26 sell 4.00 gbpusd 1.32727 0.00000 0.00000 2020.12.21 21:09:30 1.34031 0.00 0.00 -4 258.97
369079 2020.12.21 13:49:26 buy 4.00 gbpusd 1.32704 0.00000 0.00000 2020.12.21 17:23:01 1.33090 0.00 0.00 1 264.10
369419 2020.12.21 17:23:01 buy 4.00 gbpusd 1.33062 0.00000 0.00000 2020.12.21 19:47:01 1.33354 0.00 0.00 954.96
369566 2020.12.21 19:47:01 buy 4.00 gbpusd 1.33343 0.00000 0.00000 2020.12.21 21:09:36 1.34212 0.00 0.00 2 837.92
369630 2020.12.21 21:09:31 sell 4.00 gbpusd 1.34058 0.00000 0.00000 2020.12.21 21:09:52 1.34524 0.00 0.00 -1 521.54
369691 2020.12.21 21:09:36 buy 4.00 gbpusd 1.34176 0.00000 0.00000 2020.12.21 21:09:53 1.34614 0.00 0.00 1 430.39
369693 2020.12.21 21:09:53 sell 4.00 gbpusd 1.34623 0.00000 0.00000 2020.12.21 21:10:23 1.34558 0.00 0.00 212.25
369695 2020.12.21 21:09:53 buy 4.00 gbpusd 1.34593 0.00000 0.00000 2020.12.21 21:24:18 1.34830 0.00 0.00 774.14
369697 2020.12.21 21:10:23 sell 4.00 gbpusd 1.34578 0.00000 0.00000 2020.12.21 21:16:55 1.34377 0.00 0.00 656.46
369701 2020.12.21 21:16:58 sell 4.00 gbpusd 1.34394 0.00000 0.00000 2020.12.21 21:21:34 1.34494 0.00 0.00 -326.70
369713 2020.12.21 21:21:35 sell 4.00 gbpusd 1.34546 0.00000 0.00000 2020.12.21 21:24:18 1.34877 0.00 0.00 -1 081.02
369725 2020.12.21 21:32:07 buy 6.00 gbpusd 1.34972 0.00000 0.00000 2020.12.21 22:15:11 1.34556 0.00 0.00 -2 038.57
369726 2020.12.21 21:32:07 sell 6.00 gbpusd 1.34971 0.00000 0.00000 2020.12.21 22:15:12 1.34579 0.00 0.00 1 920.64
824.06closed P / L:
open trades:
ticket open time type volume item price S / L T / P close time price commission swap profit
368735 2020.12.21 12:13:06 sell 0.30 eurusd 1.21488 0.00000 0.00000 1.22465 0.00 0.00 -239.33
368737 2020.12.21 12:13:10 buy 0.30 eurusd 1.21478 0.00000 0.00000 1.22436 0.00 0.00 234.73
369537 2020.12.21 19:02:09 buy 0.01 usdcad 1.28353 0.00000 0.00000 1.28563 -0.05 0.00 1.34
369539 2020.12.21 19:02:09 sell 0.01 usdcad 1.28423 0.00000 0.00000 1.28581 -0.05 0.00 -1.01
-4.37floating P / L:
working orders:
ticket open time type volume item price S / L T / P market price commission
no transactions
summary:
deposit/withdrawal: 0.00 credit facility: 0.00
closed trade P/L: 824.06 floating P/L: -4.37 margin: 107.04
balance: 5 115.57 equity: 5 111.20 free margin: 5 004.16
thank you for choosing superforex!

JUST CHECK THE DAYLI CONFIRMATION EMAIL BEFORE YOU SAID THAT YOU CHECKED MY ACCOUNT

I HAVE THE SAME ADVISE , STAY AWAY!

Dec 29, 2020 - 1 star hi,
my advice is to stay away from this broker, it is by far one of the most terrible experiences with a broker.
After I made a profit, my account was manipulated by super forex, and they wiped out my account in 3 days in two days from more than 5000 euros to 0. The only place where they did not cover their fraudulent method is in dayli statements, received by email. I sent them several emails and they don't answer at all.
Below I attach some information.

Account: 3015483
name: mihai sebastian onocan currency: EUR
leverage: 1:1000 2020 december 21, 23:59
deposit/withdrawal: 0.00 credit facility: 0.00
closed trade P/L: 824.06 floating P/L: -4.37 margin: 107.04
balance: 5 115.57 equity: 5 111.20 free margin: 5 004.16

Name: mihai sebastian onocan currency: EUR
leverage: 1:1000 2020 december 22, 23:59
deposit/withdrawal: 0.00 credit facility: 0.00
closed trade P/L: -478.78 floating P/L: -1.07 margin: 5.34
balance: 368.48 equity: 367.41 free margin: 362.07

As you can see from a day to another there are missing more than 4000 euro, and in 23.12 they wiped out all the account money:
account: 3015483

Name: mihai sebastian onocan currency: EUR
leverage: 1:1000 2020 december 23, 23:59
deposit/withdrawal: 18.68 credit facility: 0.00
closed trade P/L: -324.72 floating P/L: 0.00 margin: 0.00
balance: 0.00 equity: 0.00 free margin: 0.00

Reply by superfx_official submitted jan 5, 2021 hello, we've checked your account. You opened risky trades with high volume. Some orders reached 40 lots. Your last trades were just unprofitable, we can't really do anything here.

Also we didn't see the amount of 5000 EUR ever recorded on your account balance.

Your review just isn't true.

Hello. Indeed, the part of your profits got canceled due to prohibited trading strategy based on the technical imperfections of the trading platform MT4.

You have successfully withdrawn your full deposit and the part of achieved profits.

Superforex is still a fraud, they did not return my deposit money completed, after cancelling all my profits, the company now charged my account again.
There's no way the company can continue in business again by defrauding clients.

Nov 23, 2020 - 1 star last month, october, 2020, superforex defrauded me of my hard-earned money to the tune of $1500, they cancelled all the profits I made in the month of october, 2020 and then charged my account again.They were able to do this because they don't have an office in my country, I would have charged them to court.
If they know that you deposit huge amount of money for trading, all they will be looking for is to deprive you of your hard-earned money. I have told them that they cannot go free god will surely judged them.

Reply by superfx_official submitted dec 17, 2020 hello, your trading strategy is based on the imperfections of the trading platform. We did cancel your profits several times and informed you that such strategies are not allowed.

We returned to you your deposit funds in full amount.

Hello, your account has 1:1000 leverage. You did not apply for any bonus.
Your trades were unsuccessful, that's why your balance went down.

We just don't see any reason to call superforex scam, based on your review.

Also, please check the FAQ page if you want to change your leverage. Support managers can help with this as well.
Https://superforex.Com/faq

I have invested mainly in the purchase of SPN35 and CL, well as these symbols have gone up and my earnings should increase, the opposite has happened my earnings have decreased, I contacted them and they told me that they modified the lots and that they had the right to do it in the middle of trading.
Well then yesterday when the symbol SPN35 was falling multiplied the balance of losses by 20 so that the account go to 0

An example: ticket 866234676 price buy: 7527.1, current price: 7390.2, volume 0.01 on june 23 gave me a loss of -24.20,
the next day ticket 866234676 price buy: 7527.1, current price: 7117.8, volume 0.01 on june 24 gave me a loss of -726.62 €
as you can see it is disproportionate.

Yesterday i have contacted with superforex them and received no response.
Today i contacted IFSC and first i will wait a answer. When they respond to me, I will ask them for advice and it is possible that will take this issue to an expert lawyer and use the necesary money to find these people.

Hello, you can email dealer@superforex.Com if you still have questions.

As for #CL trading symbol we didn't change settings for that. You can always check trading result with independent online calculator. For example this one: https://www.Investing.Com/tools/profit-calculator
as for SPN35 we recently changed the lot size from 10 to 1 to let you open more deals. All you need is to open more volume of the deal. You can always check trading result with independent online calculator. For example this one: https://www.Investing.Com/tools/profit-calculator

Profit calculator - investing.Com
https://www.Investing.Com

Length of use: over 1 year

The entire superforex is controlled by their CEO vladmir syrov who is the perfect definition of scam and fraud. They are heartless. They scammed me when depositing $53,000, and $34,000 when trading, and a further $2,572.67 which they refused to allow me to withdraw. I want to give them zero star in the rating but there was no option rather than one star as the minimum.
Please do not use their so called country representatives, local currency depositors or official partners to make deposits as it was the case with me when vladmir syrov introduced me to one of their company company staff called collins mark to process my deposit and he later defrauded me of my $53,000 when he connived with the company and did not credit my trading account. The company is now denying that he is not their staff but rather an agent hence they are not going to compensate me.
The entire customer service experience with superforex is also very poor, and the staff including the CEO are very unprofessional in their dealings and communications. Would like to clearly state that superforex have lied to me on several occasions, and they are very rude, dishonest, deceitful and evasive in their dealings. They employ dirty tactics and everything by hook or by crook to rip people off their money.
Their systems do not operate automatically as they manually manipulate their systems to ensure that you lose your money. They manipulate the prices, spread, margin call, and stop out to ensure that they make maximum profit from your losses.
It is just a shame that I never read the reviews otherwise I would not have ever traded with them in the first place. I stand fully responsible for my statement as I have already been in contact with the CEO vladmir syrov and the company on several occasions to resolve my complaint but to no avail. I am confidently calling him a fraudster and you can contact me for more information and evidence to validate my claims. I have already invited the company to the forex peace army court to resolve my complaint but they are not responding.They claim to be regulated by the IFSC in belize but it is just a sham and regulatory system where the regulator has no control of the financial companies in the country. Be aware that belize is one of those tax havens with relaxed financial control. I have contacted the IFSC and they have not done anything about my complaints so do not hope that you would be able to have your complaints resolved by the country regolulator when you have been defrauded by superforex.
The company also has very loose terms and conditions which they claim to be the solution to all complaints. They would give no explanations and would avoid discussing your complaints by referring you to the T&cs. Be rest assured that referral to the vague T&C's would be the only response you get when you make any complaints and you would be speaking to a dead wall when you challenge back. They have fake departments which only exist by email called dealer, and risk management and trading, to deal with your complaints but in reality they are all controlled by the CEO vladmir syrov whose main aim is to cheat and defraud you of your money. He even writes the responses on behalf of the fake departments. The company goes as far as paying people to write fake positive reviews for them. Please do not wait to become a victim, avoid this company by all means possible. This is a warning for everybody to stay clear of superforex. They are big FRAUDSTERS and SCAMMERS.

May 11, 2020 - 1 star the entire superforex staff are controlled by their CEO vladmir syrov who is the perfect definition of scam and fraud. They are heartless. They scam you when depositing money, when trading, and when making withdrawals. I wish I could give them zero star in the rating but there was no option rather than one star as the minimum.
The entire customer service experience with superforex is very poor, and the staff including the CEO are very unprofessional in their dealings and communications. Would like to clearly state that superforex have lied to me on several occasions, and they are very rude, dishonest, deceitful and evasive in their dealings. This is a warning for everybody to stay clear of superforex. They are a big SCAM.
It is just a shame that I never knew of the forex peace army and their superforex review otherwise I would not have ever traded with them in the first place. You can read my full story under the scam thread:

Reply by superfx_official submitted may 18, 2020 be informed that mark collins never being our employee, he was local agent and we did not bear any responsibility for activity of 3rd party https://front.Supercdn.Site/documents/superforex-ltd-hot-bonus-agreement-en.Pdf

In the same time we have already reported to nigeria police department in order to help you with that case and solve it succesfully and in the same time please be aware, that according client tnc we are not responsible for 3rd party according clause 9.14:

9.1.4. The customer acknowledges that the company or a third party involved in providing the services to the customer shall not be liable for malfunctioning of the telephone or internet equipment, scheduled maintenance or updates or any other events beyond the control of the company or information service providers or a third party providing services to the customer.

But in any case we are helping you in this issue and everyday working with officers in lagos for solving it.

Regarding your other terms from the claim, your strategy was extremely high and company does not bear responsibility for the result of your trading.

Pls read 7. Risks from client agreement. Https://front.Supercdn.Site/documents/superforex-ltd-client-agreement-en.Pdf

Regarding bonus issue - you should also read terms of bonus and be aware that hot bonus 202% is an exclusive offer and profit generated by using this bonus is distributed accordingly. According your trading result in the beginning you generated profit and part of this profit was distributed to bonus funds (read terms of hot bonus here - https://front.Supercdn.Site/documents/superforex-ltd-hot-bonus-agreement-en.Pdf). Then according our checks you had a huge drop down and when margin level becomes lower then 300% bonus can be cancelled including part of the profit generated by using this bonus.

You should always rely only on your funds in trading strategies.

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.