Superforex bonus review

Beware superforex is a non-regulated broker. It is NOT SAFE to trade. Listed date: september 20, 2018

My list of forex bonuses

SuperForex Review, superforex bonus review.

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 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!

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 $50 no deposit bonus

Get superforex's 50 USD no deposit bonus for free after completing account verification process.

How to get superforex’s $50 no deposit bonus and what is the condition of the promotion?

Promotion details

Superforex $50 no deposit bonus main information

See the main information of superforex $50 no deposit bonus below.

Promotion type	no deposit bonus
bonus amount	50 USD
required minimum deposit	none
withdrawal of bonus	not available
withdrawal of profit	available with condition
account type	STP standard

Superforex $50 no deposit bonus is available for all new traders of the broker.

Signup with superforex today to get the free welcome bonus.

Superforex $50 no deposit bonus

Superforex gives away 50 USD for free to all verified traders.

For the unlimited period of time, superforex’s new members can benefit from the no deposit bonus in the amount of $50 just by opening a real trading account and verifying it.

As its name suggests, no initial deposit is required in order to get the bonus.

Even if you have ordered a no deposit bonus before, this offer is available for you.

To get superforex’s $50 no deposit bonus, go to the official website from below and signup for free.

How to get superforex’s $50 no deposit bonus?

For the new customers, to obtain the “x2 no deposit bonus”, you need to register a live trading account with superforex and verify it.

After verification, you need to read the bonus agreement in the client’s cabinet and submit the “get the no deposit bonus” button at the bottom of the page.

Superforex team will review your request and grant the bonus within 48 hours.

Please ensure you match the following conditions in order to apply for the no deposit bonus:

Your account is fully verified (name, address, email, phone number)

Your leverage is 1:200 or lower

Your account is standard

How to get superforex $50 no deposit bonus 2 times?

Superforex’s $50 no deposit bonus is available 2 times per trader.

After receiving the no deposit bonus in the amount of $50, just make a deposit of $10 or more and another $50 no deposit bonus will be granted automatically to your account.

In case you have already received the no deposit bonus before, just make a deposit of $10 or more and another $50 no deposit bonus will be granted automatically to your account.

Make your first time deposit to double the bonus amount of superforex $50 no deposit bonus.

Trading conditions of superforex no deposit bonus account

Superforex’s $50 no deposit bonus can only applied on the STP standard account type.

Once you receive the bonus account, the trading condition will be changed as follows:

base account type	STP standard
maximum leverage	1:200
maximum trade volume	0.5 lots
lot size	10,000 USD
spread type	fixed
minimum spread	2.0 pips

Superforex has 12 different account types for the MT4 platform.

For other account types, login to the secure client portal and open additional account.

Conditions of fund withdrawal – superforex $50 no deposit bonus

The profit from the no deposit bonus can be withdrawn, as superforex is committed to providing the traders with improved, risk-free chances of making a profit with superforex.

The amount available for withdrawal depends on the trading volume according to the formula: 1 lot = $1

In other words, to withdraw $50, you must have traded at least 50 lots.

The maximum amount for withdrawal is no more than the bonus amount itself.

Full terms and conditions of superforex $50 no deposit bonus

Before applying for superforex’s $50 no deposit bonus, please read the agreement below.

The double no deposit bonus is available for all clients who had already successfully received the no deposit bonus and make a deposit of $10.

The term of use of the double no deposit bonus funds received is unlimited.

The client can receive the no deposit bonus twice only. It will be credited to one client account after the first deposit. Further deposits do not impact the amount and number of the double no deposit bonus.

The double no deposit bonus will not be credited if the client makes a few deposits with a total amount of $10.

An own transfer (a transfer from another client account) is not considered as a new deposit. So, the double no deposit bonus cannot be credited based on that, except in cases when the new deposit has been credited to another account due to a client mistake.

The amount of the second no deposit bonus is $50 for deposits over $10.

The maximum profit the client can withdraw over the new no deposit bonus is $50. The amount of the deposit does not determine the amount of the profit available for withdrawal.

Profit over the bonus should be unlocked according to the formula: 1 traded lot = $1.

The amount available for withdrawal depends on the number of traded profitable lots + deposit funds.

The client can make a withdrawal only once. After the withdrawal, the bonus and the profit will be cancelled.

Upon withdrawal, the client withdraws money in the following order: first, the deposit funds and then profit over the bonus. The minimum withdrawal amount is $10.

Trading conditions. The maximum volume of deal when using the double no deposit bonus is 0.5 lot. The level of stop-outs is 50% and the margin call level is 80%.

Withdrawal is carried out within 5 (five) working days from the date of filing of the request for withdrawal.

If the client withdraws the deposit only, the rest of the bonus funds including profit will be cancelled due to being a part of the double no deposit bonus.

Superforex reserves the right not to provide or to cancel the double no deposit bonus without any prior notice to its customers. Therefore we strongly recommend that customers should not use the bonus funds in calculation of profit in their trading strategy.

The company reserves the right not to consider the amount of traded lots with transaction results between -$0.05 and +$0.05 or equivalent. In case such transactions are detected, the company reserves the right to recalculate the amount of the traded lots and adjust the withdrawal amount in accordance with the terms of the withdrawal of funds (1 traded lot = $1/eq). The amount that was blocked returns to the client’s trading account.

Superforex is not responsible for any consequences that may arise as a result of cancelling the bonus, including but not limited to stop out, as the bonus is the ownership of superforex.

The company reserves the right to amend or modify the bonus agreement terms without prior notice.

By applying for the double no deposit bonus you acknowledge you have read and accepted the terms and conditions of this agreement.

Faqs of superforex $50 no deposit bonus

Do you have any questions about superforex $50 no deposit bonus promotion?

See the faqs below or contact support team from superforex official website.

For the list and conditions of superforex’s all fund deposit and withdrawal methods, visit the page here.

For the list of superforex’s all bonus promotions and contests, visit the page here.

Superforex review

Overview

An international forex broker provides access to financial markets for investments in currency pairs, cfds, cryptocurrencies, etc.

Details

broker	superforex
website URL	superforex.Com
founded	2013 year
headquarters	5 cork street, 2 floor, belize city, belize, C.A.
Support number	+65 (3) 159-02-82
support types	phone, email, whatsapp, wechat, telegram, call from the site, social networks
languages	english, indonesian, thai, portuguese, arabic, etc.
Trading platform	metatrader 4, pattern graphix
minimum 1st deposit	$1
minimum trade amount	$1
bonus	6 bonuses
leverage	1:1-1:1000
spread	from 0 points
free demo account	open demo
regulated
regulation	IFSC
account types	demo, standard, swap free, no spread, micro cent, profi STP, crypto, ECN
deposit methods	bank transfer, visa / mastercard bank cards, cryptocurrency wallets, skrill, QIWI wallet, payeer, superforexmoney, epayments, etc.
Withdrawal methods	bank transfer, visa / mastercard bank cards, cryptocurrency wallets, skrill, QIWI wallet, payeer, superforexmoney, epayments, etc.
Number of assets	400+
types of assets	forex currency pairs, metals, futures, indices, stock cfds, bitcoin, litecoin, DOGE, DASH, etc.
Account currency	USD, EUR, GBP, IDR, MYR, AED, ZAR, NGN, BDT, etc.
US traders allowed
mobile trading
tablet trading
overall score	8.9/10

Additional information

Full review

Over the years, it has mastered many financial tools. With its help, it can earn individual and corporate customers. Superforex’s team of professionals provides services in forex trading and other markets to residents of 150 countries around the world and strives to make the foreign exchange market closer for each trader. But how reliable is the company? Is superforex a scam or an honest broker? Answers to these questions are in our material.

Superforex trading conditions

Superforex, working with financial markets, pays much attention to innovative approach to trading, is ready to offer the customer only high-quality service. Becoming a broker’s customer, an investor can choose an account to work with: MLP, STP and ECN. Each of them is supported by the documentation, where the terms of the account usage, rights and obligations of the investor are detailed. To open an account on the broker’s website superforex.Com, you need:

To set up an account;

To familiarize yourself with the peculiarities of the accounts.

When entered into the international market, the has «grown» a huge arsenal of tools that are available to every trader:

Convenient conditions for depositing and withdrawing funds;

Attractive spreads, which will be appreciated by experienced market players;

Wide choice of trading tools;

High speed of order execution (does not exceed 0.04 s);

Safety of funds in case of risk of losses;

A forexcopy system to duplicate successful transactions;

Training programs;

A lot of quality analytics;

Prompt response of technical support on weekdays.

Compared to similar offers of the market, superforex stands out favorably. It is also attractive due to the absence of cloud deposits and annoying calls to customers. Special attention should be paid to various bonuses and contests provided by the platform. Let’s talk about them more detailed below.

In addition to the demo account, superforex provides customers with the option of training in forex trading, which will be useful for both pioneers in the forex market and experienced traders. Here the company’s customers participate in seminars, courses, training videos. There are a lot of analysts, market reviews and various tools available on the site. For those traders who decided to become partners of the company, there is a special training on business development together with a broker.

Superforex platform

According to the broker, customers have access to advanced technical equipment. Traders can use such programs:

Metatrader 4 is a powerful free platform where you can trade, analyze the market and use trading robots and advisors. This tool is very popular with players.

Pattern graphix is also a useful trading advice program that works in conjunction with MT4. With its help users get useful recommendations on transactions and tools.

Superforex broker quotes

A lot of things happen on the forex market like in the old saying: «first come, first serve» (full truth about forex). This requires vigilance in order to keep up with the constant shakes that the market is going through. A broker provides his customers with only actual quotes, cooperating with reliable liquidity providers for this purpose.

Due to the high speed of order execution (0.04 s) traders can trade in the market and increase their earnings. On the website superforex.Com you can study the direct and reverse quotes: in the first case, the U.S. Dollar or euro is equal to other currencies, and in the second – any currency is equal to the U.S. Currency or the european union. Superforex liquidity partners are:

BNP paribas.

Natixis.

Citibank.

UBS group AG.

Superforex demo account

In order to interest newcomers to trading, superforex broker offers them a forex demo account, where they can test their knowledge and strategy. Due to this, the player:

Will appreciate the capabilities of the trading terminal;

Will understands the principle of its main functions;

Will study the settings of the terminal charts;

Will «take his first lumps» and gain the valuable trading experience.

The demo account is in three currencies: dollars, euros, pounds sterling. Leverage is 1 to 10, lots from 1 cent to 100 dollars are available. There are no bonuses here and you cannot see the deals of successful traders through forexcopy.

Superforex mobile application

Following the trends of online trading, the broker provides customers with the opportunity to work in the mobile application of the author’s development. The broker has taken care of his customers and created a software, in which you can open accounts, replenish the balance, check trading operations, track quotes and more from your smartphone. Here you can also read useful thematic articles, take successful traders as an example and keep track of global economic news.

The mobile platform is a resource that allows players to always be aware of market fluctuations regardless of the location and time of day. It has a user-friendly interface, requires minimal traffic for work, allows you to easily perform standard operations, making trading really comfortable.

Superforex bonuses

As for the issue of bonuses, there are many of them available on the platform. Bonuses here perform both motivational and incentive functions. At the beginning of its development the company tried to attract attention of traders (bonuses of forex brokers). It’s hard to surprise demanding traders, who are not the first day of forex, but superforex managed to do it too. The company offers the following bonus programs:

On the official website of superforex.Com there is a comparative table of all programs, which can be used to easily assess the merits of a particular offer. Some of the bonus programs can be combined with others, thereby increasing their profits. One of the best offers can be called «dynamic bonus». In spite of the fact that it does not give out +1000% on the account, nevertheless inside the system it is considered real money. That is, in addition to the earned funds, the player can cash and accrued bonus. The company offers the following bonus programs:

No deposit.

Easy deposit.

Welcome+.

Energy.

Hot.

Dynamic.

On the official website superforex.Com there is a comparative chart of all the programs, it is easy to judge this or other offer. Some of the bonus programs may be combined with others, increasing their profit this way. One of the best offers we can call the «dynamic bonus». Despite of the fact that it does not pay +1000% to the account, however inside the system it is considered the real money. That is, except of the earned funds the gambler can convert into cash the accrued bonus, too.

Beginners should take a closer look at high leverage offers. «bonus +1000%» will allow you not to risk your money earned and try your hand at forex trading with minimal investment. For example, you are afraid of losing money and are not ready to invest $100 in the platform at once. When you deposit $10 into your account, you can’t count on effective trading. For this amount you can afford a few trades and they will be unprofitable, because everything will go on margin. When you go into minus, there is a lack of margin for drawdown, which leads to a stop-out. Forced or independent completion of the transaction will not bring the desired results, but if you have patience and wait just one day, you can avoid losses. One day will be enough to increase the size of the invested money and from your own 10 dollars you get 100, for which you can trade.

Another interesting offer is the «60%» bonus, which will be an ideal solution for active traders.

There are also a lot of contests, in which traders participate.

Deposit and withdrawal

It will take a few minutes to deposit funds into your balance sheet or withdraw your earnings. Superforex guarantees prompt transfers of funds with transparent conditions. The list of available payment methods is replenished periodically. For 29 countries it is allowed to top up your account in local currency. You can top up your account through:

Bank transfer.

Bank card visa/mastercard.

E-wallets.

Cryptocurrency.

For each transaction there is a certain commission and different terms of processing the request. If the broker does not charge a commission for depositing the account regardless of the chosen method of money transfer, there are the following commissions for withdrawal:

3% + $35 for bank transactions;

1,5% + $7,5 for the dollar account for cards;

0,9% for cryptocurrency wallets;

0,1-3,9% for e-wallets.

When replenishing the account the money is credited for a few minutes, and when withdrawing – within 1-3 working days.

Complaints against superforex

In the network there are ambiguous responses about the newbies broker superforex. The company deserves attention, but it is difficult to call it a leader in its industry. Traders consider the following aspects to be positive:

Minimum deposit amount.

6 various bonuses.

Official license.

Quality analytics.

Various trading tools etc.

The disadvantages singled out are:

Low training quality.

Profit withdrawal delay etc.

As a result, the traders’ opinions differ: some of them prefer superforex, others – categorically against it.

If we find complaints about superforex, we will post it on social media. Follow us to be well informed:

Superforex broker regulator

Offering services in financial markets, the broker has the necessary license for that. Its regulator is the international financial company IFSC, one of the most reliable commissions from an offshore zone. After checking the broker and confirming the presence of his authorized capital (from 500 thousand dollars) IFSC issued the project a license to conduct brokerage activities.

Superforex user agreement

Before you start working with the superforex broker platform, you should pay attention to the «user agreement». For each type of account there is an official document regulating the powers and duties of the broker and trader. Besides, it is necessary to study documents «complaint investigation policy» and «order execution policy». Having got acquainted with them, the player will be able to estimate the risk and chances of further earnings in partnership with the broker.

As for the document «terms of superforex application», it is in english, only. Still, it is worth studying its provisions. For example, it is said here that the broker has the right to change these rules without warning. All the users are responsible for the fact that they have not got acquainted with their updates:

In addition, the broker declines the responsibility for the information provided on the official website superforex.Com. That is, all information should be questioned, since superforex does not guarantee its reliability:

The «complaint investigation policy» states that any complaint will be investigated within 4 weeks:

Complaint investigation policy superforex.com

The «order execution policy» states that the broker reserves the right to reject orders at the first available price:

Is superforex a scam?

The company sets as a principle of success an innovative approach to trading, working on the quality of service, ready to offer its customer the best trading conditions. There are also training materials here, there is an opportunity to work on a demo account. In addition, the broker has a license, various reviews, including positive ones.

Still, superforex is a swindle? At the moment we will not make such a conclusion, but we recommend to invest a small amount of money in trading to test the broker in the case. Of course, there are negative responses from dissatisfied traders of the platform in the network, but there are also positive responses among them. The loud accusations that the company is a cheater are not supported by reliable facts in most cases. Some traders have been making money here for several years, recommending the platform to their acquaintances, while others cannot withdraw even the first payment.

Summary

Superforex forex broker offers for traders the access to the foreign exchange market, as well as other opportunities: training in trading, the option of copying transactions, demo account, etc. By general standards, this company is not a bad one, it is aimed more at the audience of forex beginners. Still, before joining the full-fledged trading on the market, it is worthwhile to study the project more carefully and invest small amounts of money in it.

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 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.

So, let's see, what we have: is superforex a regulated forex broker or a scam? Read our full in-depth superforex review and comments by many forex traders before you open a forex account. At superforex bonus review