Superforex

SuperForex Review: Is SuperForex Good?

Overview and general information of SuperForex broker

SuperForex is a Forex and CFD broker that offers its services to retail and institutional clients from all over the world, but has a particular focus on Africa. The broker's aim is to provide top-notch customer service, allowing clients to customize tools to enhance their trading at any time, which is why it is quite popular with novice traders.

Licenses that brokers have obtained

If you ask whether SuperForex is good or not, you must first consider the license factor. From checking the information

Products and services from brokers

• Forex

• Metals

• Indices

• Stocks

• Futures

• Cryptocurrencies

Trading platforms and tools

• MetaTrader 4 (MT4): MT4 

• SuperForex App: Available for download only on Google Play.

Broker Account Types

There are two main account types to choose from: STP and ECN.

STP accounts are further divided into six sub-types:

STP Standard

• Minimum deposit: $5

• Maximum leverage: 1:1000

• Swaps: Yes

• Spreads: Fixed

• Copy Trade: Yes

STP Swap-Free

• Minimum deposit: $5

• Maximum leverage: 1:1000

• Swaps: None

• Spreads: Fixed

• Copy Trade: Yes

STP No Spread

• Minimum deposit: $50

• Maximum leverage: 1:1000

• Swaps: None

• Spreads: 0

• Copy Trade: No

STP Micro Cent

• Minimum deposit: $1

• Maximum leverage: 1:1000

• Swaps: Yes

• Spreads: Fixed

• Copy Trade: No

Professional STP

• Minimum deposit: $500

• Maximum leverage: 1:3000

• Swaps: None

• Spreads: Starting at 0.01 pips

• Copy Trade: No

STP Crypto

• Minimum deposit: $50

• Maximum leverage: 1:10

• Swaps: None

• Spreads: Fixed

• Copy Trade: No

ECN accounts are further divided into five sub-types:

ECN Standard

• Minimum deposit: $100

• Maximum leverage: 1:1000

• Swaps: Yes

• Spreads: Floating

• Copy Trade: No

ECN Standard-Mini

• Minimum deposit: $5

• Maximum leverage: 1:1000

• Swaps: Yes

• Spreads: Floating

• Copy Trade: No

ECN Swap-Free

• Minimum deposit: $100

• Maximum leverage: 1:1000

• Swaps: None

• Spreads: Floating

• Copy Trade: No

ECN Swap-Free Mini

• Minimum deposit: $5

• Maximum leverage: 1:1000

• Swaps: None

• Spreads: Floating

• Copy Trade: No

ECN Crypto

• Minimum deposit: $50

• Maximum leverage: 1:10

• Swaps: None

• Spreads: Floating

• Copy Trade: No

Pros and cons of SuperForex

strength

• Multiple account type options

• Low initial deposit

• Support deposits and withdrawals via Thai banks

weakness

• No regulatory license

• Low leverage

• Spread and Commission rates are not displayed on the website.

• There is a commission fee for withdrawals.

• It takes a long time to withdraw money.

• Live Chat does not support Thai language.

• Support only MT4

• SuperForex application only supports Android system.

Office location and contact channels

Office location 

• Second Floor No 24, Albert Hoy Avenue, Belize City, Belize

Contact channels:

• +442045771579

• [email protected]

Broker Overview Summary

SuperForex is one of the most interesting brokers due to its wide range of account types and trading products, making it a broker suitable for both novice and professional traders.

However, this broker is not licensed by any regulatory body, which is important, so you need to consider these factors before using the service.

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