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SuperForex

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Name

SuperForex

Date founded

Dec 31, 2012

Description

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)

Regulation in major hub

Yes

Webinars

Yes

Demo version

Yes

Regulation (trading)

Belize International Financial Services Commission (IFSC)

licensed by the IFSC (i.e. International Financial Services Commission)

Country

Belize

Languages

English, Russian

Scalping

Yes

Hedging

Yes

Decimal pricing

5 Digits

Max Leverage

1000 : 1

One click execution

No

Minimal Lot

0.10

Bonus

40% Welcome Bonus on Each Deposit

Currencies

Currency pairs

107

Deposit methods

Bank wire, Credit card (VISA/Mastercard), Skrill, Neteller, FasaPay, UnionPay, QIWI

Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, QIWI, China UnionPay, PayCo, Dengi Online, Yandex Money, FilsPay, Bitcoin, Boleto, ePayments Transfer

Minimum Initial Deposit

$1

Mini Account:

$1

Standard Account:

$1

ECN Account:

N/A

Premium:

N/A

Withdrawal methods

QIWI, UnionPay, WebMoney, Neteller, Skrill, Credit card (VISA/Mastercard), Bank wire

Contact phone

+65-3-1590282

Contact email

SuperForex is an international brokerage company that is licensed by the IFSC (i.e. International Financial Services Commission). They provide a wide range of financial and investment services to both individual and corporate clients. The company is represented in over 100 European, Middle East and Asian markets. They offer trading in more than 300 currency pairs, a variety of CFDs, and cryptocurrencies such as, Bitcoin, Litecoin and Ethereum.

They have a team of highly experienced and educated staff who work round the clock to develop and improve the services offered. The company believes in principles of honesty and transparency, and their mission is to make online trading comfortable and profitable for all traders.

 

Features:

•     Account Types: They offer 3 different account types which include; the Standard account, the Islamic (swap free) account and the Spread-free account. It is important to note that the Islamic (swap-free) account is also available for the Standard account holders who aren't willing to earn any interest for religious reasons. In order to compensate for lack of swaps, the Islamic accounts normally work on fixed commission. Moreover, the company provides the PAMM system for traders who prefer to have their accounts managed by experienced managers.

•     Minimum Deposit: The minimal deposit that is required in order to open an account is only $1. They offer a fixed spread that amounts to an average of 2.0 pips on the EUR/USD, and don’t charge any commission. The maximum leverage rates are relatively high, reaching up to 1:1000.

•     Trading Platform: SuperForex provides the world renowned MetaTrader 4 platform. This platform is quite popular with traders all around the globe, and it offers everything a trader needs. This includes; advanced charting package, Expert Advisors, comprehensive back testing environment, numerous technical indicators and more. Traders can create their own automated trading strategies or download readymade strategies, and then let the platform do all the work. The platform is actually designed to provide efficient, convenient and quick brokerage service to traders of all levels. The platform is available to traders with LINUX, Windows, and OS X, and also iOS smartphones and android.

•     Bonuses/Offers: SuperForex offers traders bonus programs on the Forex market. Clients, regardless of account type, can always find great offers which can help them trade Forex without any additional investments. There's even a special Family and Friends bonus program offered to traders.

•     Methods of Payment: The following methods of payment are available to traders of SuperForex; Debit/credit cards (UnionPay, Visa, and MasterCard), bank transfer, and e-wallets such as, PayCo, Skrill, Neteller, WebMoney, QIWI, Yandex, Boleto, ePayments transfer, FasaPay, among others. Traders can deposit funds in EUR, USD and RUB.

•     Customer Support: SuperForex provides 24/7 customer support. The support staff can be contacted via phone, email or live chat that's available on the SuperForex official website.

 

Advantages:

•     They require a very low initial deposit.

•     There are lots of great bonuses and offers available.

•     They offer more than 300 currency pairs.-They do not charge any commission.

•     They have a high leverage level of up to 1:1000

•     Traders can get dedicated personal account managers.

•     They offer 24/7 customer support.

•     They offer an awarding winning trading platform i.e MT4.

•     They have very competitive spreads;

•     Traders get access to the latest economic news and analysis

 

Disadvantages:

•     They do not offer forex scalping trading.

•     They don't have a wide range of trading platforms.

•     They have liberal (or loose) regulation.-Sometimes, there can be delays or technical glitches.-You cannot trade for actual money using their demo account.

 

Conclusion:

SuperForex provides traders with competitive conditions for trading numerous currency pairs using the famous MT4 platform. There are no hidden costs, no commission charges and the minimum deposit required is only $1. In addition, they have very competitive spreads and offer reliable financial services to all traders.

Screenshots
Pros & Cons
  • MT4 available
  • High leverage levels offered
  • Low initial deposit required
  • Bonuses available
  • No choice of trading platforms
  • Liberal regulation
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