Founded in 2013 and based in Belize, SuperForex is an online forex broker that offers online trading services on over 300 trading instruments across multiple asset classes, such as forex, indices, stocks, cryptocurrency, commodities, energies, and metals. The broker provides clients with the MetaTrader 4 trading platform, offering competitive spreads, high leverage, and low minimum deposit.
SuperForex is a “No Dealing Desk” (NDD) broker that has partnered with premium liquidity providers (LPs). They have also won some industry awards including “the Fastest Growing Broker” in 2015 and the “Best Forex Broker “ in 2016 in the MENA region; both awards were courtesy of ShowFXWorld.
SuperForex Review Introduction
In this SuperForex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including SuperForex.
SuperForex Platforms & Tools
The broker provides traders with the popular MetaTrader 4 trading platform. The MT4 is versatile and has the WebTrader version, Windows desktop application, and the mobile app versions for Android and iOS devices. The mobile app version has almost all of the same features of the MT4 desktop and integrates seamlessly with the MT4 accounts. It can be downloaded from relevant app stores for trading on the go.
There is also the SuperForex Trading Cabinet, an Android app that is developed by SuperForex; it integrates with the client’s cabinet area of the website and also has other features, including:
- Funding or withdrawing from your accounts right from the app.
- Viewing the complete trading history
- Full access to the client support desk
The broker also provides clients with useful trading tools, in addition to those built into the MetaTrader 4 platform, and they include Market analysis, SuperForex bank, Pattern Graphix, and Forex Copy, which helps traders to automatically copy the trades of master traders.
SuperForex Research & Education
SuperForex provides traders with trading seminars and educational materials, such as educational videos and a trading glossary of over 200 trading terms and their detailed explanations.
SuperForex Trading Accounts
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; they have minimum required deposits that range from just $1 to $5000. The following are the STP account types:
- Micro Account
- Standard Account
- Swap Free Account
- No Spread Account
- Profi STP
- Crypto Account
The ECN accounts are similar to the STP accounts except for a few features. There are no maximum deposits, all spreads are floating, but Forex Copy is not available. The following are the ECN account types:
- ECN Standard Mini
- ECN Standard
- ECN Swap-Free Mini
- ECN Swap-Free
- ECN Crypto
Demo accounts are available to all clients at no cost.
SuperForex Account Funding
The broker offers a variety of account funding methods that are aimed at localizing payments. The following funding methods are accepted: Local bank transfers, bank wire transfer, debit/credit cards, electronic payments, cryptocurrencies, and SuperForex Money. Deposits are free but withdrawal commissions are charged depending on the method used.
SuperForex Customer Service
The broker offers a customer support desk 24/5 during market hours. They can be reached via online web chat, telephone, and email. There is a FAQ section on the broker’s website, which gives instant answers to clients’ questions.
SuperForex is authorized and regulated by the International Financial Services Commission (IFSC) of Belize.
SuperForex Review Summary
SuperForex is an online broker that is committed to satisfying traders. They offer multiple account types to suit every trader’s investment size and experience level, and they provide clients with the MetaTrader 4 trading platform and a good selection of educational materials.
It is worth mentioning that some of the trading products and services in this SuperForex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the SuperForex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.