SuperForex review (2021) Review

Superforex is a global broker founded in 2013 and it`s registered in Belize. It offers its clients the ability to trade CFDs, Forex, cryptocurrencies, gold, metal, stock, oil, and indices. It’s regulated and authorized by IFSC and the minimum deposit is only $1, you can also open a demo account for free. They provide trading conditions via the popular and user-friendly MetaTrader 4 platforms for web, desktop and mobile.

 

  • Regulation – IFSC
  • deposit – 1 USD
  • Leverage – 1:2000 max
  • Spread – Variable

 

it informs how the page looks like

SuperForex main webpage

What can be traded

They have over 400 trading instruments, including Forex, Cryptos & Stocks, gold, metals or oils and indices. They provide account types to suit the different needs and experience levels of traders. Accounts are grouped into either STP or ECN types.

there is many pointless windows

Superforex regulations and licenses

SuperForex is regulated by the International Financial Services Commission of Belize (IFSC).  This means, that the broker states that clients’ accounts are secured and digitally protected. Clients’ funds should be safely kept in segregated accounts. For the safety of its clients, Superforex has installed a ‘Secured Socket Layer’ (SSL) Certificate. They have won many awards, as shown off on their website. But according to many reviews of this broker, the regulations are not enough.

Broker has won many awards

Demo account

A demo account is one of the best practice tools. You can test your abilities or learn new skills and strategies by using one. With Superforex, the demo account is free of charge. You can simply open one from the top pane, under the option: “Traders”. These accounts are usually topped up with virtual funds, but at this moment, I`m not sure, how long I can have this account opened.

types of accounts

Superforex fees

The fees are different with the account type you open. There are no internal fees for deposits, the withdrawal fees vary depending on the method used and the amount being transferred, no inactivity fees and they offer lower spreads with competitive commission fees from around 3.4% per round trip.

 

Registering for an account

It was very easy to find the “Join” button, as mentioned earlier. A very nice summary of what I`ll have with this account:

 

I filled a short form in under a minute. What took me aback were question or choices I had to make, to open this demo account. I had to choose the leverage, deposit, standard or no spread. As a beginner, I`m not sure what I`m doing here. I immediately received a welcome email with all my login details and also the next steps I needed to make.

In the demo cabinet, you can view and change your personal details, change the setting or your avatar etc.

The registration process was easy, quick with no extra question or irrelevant options.

 

The MT4 platform

Before you can download the MT4 from your email, you get to read the pros of this user-friendly platform. And here I found out, I can only download the MT4 for Windows. I use IOS on my MacBook, so I cannot download MT4 and there are no other options for me to use the demo.

MT4 is a very well-known and favourite platform. From what I have read so far, this platform works better than the MT5. It’s user-friendly and packed with plenty of tools and features.

 

The brokers’ website

My first opinion was, that the website design is like a newspaper or magazine design, but that was the first ad and my first impression.

Then, when I dived deeper, I found the design of the website isn`t as bad, it functions well, and it’s intuitively separated. In the top pane you can find the index:

  • About
  • Traders
  • Services
  • Bonuses
  • Partners
  • Education

Here you can also change the language, open an account or sign in. The “About” section offers “Media” with company news, articles from their expos and their social responsibility. That you don’t see often.

The broker want to be seen as a donator

 

“Traders” offers information about tools, accounts and also analytics. You`ll find Technical analysis, Economic news, Fundamental analysis, Video analysis and Weekly review. Shame it’s not up to date. The weekly news is over 3 months old.

“Education” support seems packed with information. You get educational videos for beginners, and if you care to go more in-depth into a particular topic an online Forex course might be a good option. The other educational support is to register for seminars.

 

Social networks

Superforex has an account with Facebook, Twitter, LinkedIn, YouTube, Pinterest and Instagram. They post a couple of times a day on Facebook. Usually, it’s news, analysis or facts.

I found pretty much the same posts on Instagram and Twitter too.

On YouTube, you can find analysis, news overview, educational videos or guides. This is really good.

SuperForex Youtube

Advantages and disadvantages of Superforex

They offer multiple account types so that every trader can choose what works for them. They are regulated by the IFSC and hold many awards. Their activity on YouTube is very good for beginners or professional traders. The MetaTrader4 platforms give multiple options for traders. But you need to download MT4 only on Windows, not on a MacBook, that was one big downside for me. No other option, then MT4. There is a lot of bad reviews on Superforex on the internet, especially about their regulations.

 

Cons:

  • Platform download only for windows
  • Only MT4 option
  • Many bad reviews on the internet
  • News on their website old

 

Pros:

  • Good video support for beginners
  • Various account types
  • Very low deposit
  • No commission fees

 

 

 

 

 

Superforex is a global broker founded in 2013 and it`s registered in Belize. It offers its clients the ability to trade CFDs, Forex, cryptocurrencies, gold, metal, stock, oil, and indices. It's regulated and authorized by IFSC and the minimum deposit is only $1.