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Super Forex Review

Author By Jeffrey Cammack
Updated: September 23, 2021
Overall Rating
3.24 3.24 / 5
Min. Deposit
USD 5
Regulators
Trading Desk
Trading Cost 
USD 20
Website Language
English
Support Language
English
AlertMost retail CFD accounts lose money. Your capital is at risk.

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Summary

With a large number of Forex pairs and a near equally large number of trading account types, SuperForex seems to be throwing the doors open to as many clients as possible. A little additional digging uncovers very wide spreads on the Market Maker STP accounts, and massive non-transparent commissions on the ECN accounts.

Weak IFSC regulation provides limited oversight of SuperForex. When coupled with an insufficient level of educational material for beginner clients, we question whether SuperForex is the right choice for beginner traders looking for a trusted broker.

Reviews

Regulation
110.5002.5/ 5
Trading Conditions
111003/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
111003/ 5
Education & Research
110002/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Bonuses
Variety of bonus offers

Account Information

Base Currencies
USD, EUR, GBP
Number of FX Pairs
105
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Acct

Trading Conditions

Min. Spread
2 pips
Commission
Variable commission on ECN accounts
EUR/USD
2.00 pips
GBP/USD
3.00 pips
USD/JPY
2.50 pips
Max. Leverage
1000:1

Company Details

Company Name
SuperForex
Founded
2013
Office Locations
Belize
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Account Types
Min. Deposit
Max. Leverage
Min. Spread
Commission
Crypto
USD 100
10:1
10
3.8% round trip
Account Details
ECN Crypto
USD 100
10:1
0
Unknown
Account Details
ECN Standard
USD 1
1000:1
0
From 3.4% round trip
Account Details
ECN Standard Mini
USD 1
1000:1
0
From 3.4% round trip
Account Details
ECN Swap Free
USD 1
1000:1
0
From 3.4% round trip
Account Details
ECN Swap Free Mini
USD 1
1000:1
0
From 3.4% round trip
Account Details
Micro Cent
USD 1
1000:1
2
Spread Only
Account Details
No Spread
USD 100
1000:1
0
3.4% round trip
Account Details
Profi STP
USD 5000
200:1
0
Unknown
Account Details
Standard STP
USD 1
1000:1
2
Spread Only
Account Details
Islamic Acct
USD 1
1000:1
2
Spread Only
Account Details
AlertMost retail CFD accounts lose money. Your capital is at risk.
Scroll for more detailsPreviousNext
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Acct
Trading Platforms
Funding Methods
Trading Commission
1110.503.24/ 5
USD 5
International Financial Services Commission
ECN/DMA
Market Maker
Forex
Cryptocurrencies
Commodities
Metals
Stock CFDs
Energies
105
9
    • Poorly regulated
    • Wide spreads
    • Limited education
    • Limited market analysis
    • High commission
    110.5002.5/ 5
    111003/ 5
    111104/ 5
    111003/ 5
    110002/ 5
    11110.54.5/ 5
    111104/ 5
    0 of retail investor accounts lose money when trading CFDs with this provider
    1000:1
    2 pips
    Crypto
    ECN Crypto
    ECN Standard
    ECN Standard Mini
    ECN Swap Free
    ECN Swap Free Mini
    Micro Cent
    No Spread
    Profi STP
    Standard STP
    Islamic Acct
    Bank Transfer
    Visa
    Mastercard
    Skrill
    SticPay
    Neteller
    Fasapay
    Unionpay
    Variable commission on ECN accounts
    1110.503.98/ 5
    GBP 25
    CySEC Regulated Brokers
    ASIC Regulated Brokers
    The Seychelles Financial Services Authority
    Market Maker
    Commodities
    Forex
    Indices
    Stock CFDs
    Metals
    103
    12
    • Well regulated
    • Wide range of assets
    • Innovative trading tools
    • Limited platform choice
    • Limited account options
    111104/ 5
    1110.503.5/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    111003/ 5
    11110.54.5/ 5
    111104/ 5
    74% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0.90 pips
    Premium (Web/App)
    Premium (MT4)
    Standard (Web/App)
    Standard (MT4)
    VIP (Web/App)
    VIP (MT4)
    Bank Transfer
    Sofort Banking
    Visa
    Mastercard
    Maestro
    Skrill
    Neteller
    Astropay
    Fees Included in Spread
    11110.54.09/ 5
    GBP 100
    FCA Regulated Forex Brokers
    CySEC Regulated Brokers
    ASIC Regulated Brokers
    Monetary Authority of Singapore
    Financial Markets Authority of New Zealand
    Market Maker
    Commodities
    Cryptocurrencies
    Forex
    Indices
    Stock CFDs
    ETFs
    70
    9
    • Well regulated
    • Wide range of assets
    • Limited education
    • Limited account options
    111115/ 5
    111003/ 5
    111104/ 5
    11110.54.5/ 5
    1110.503.5/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    72% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0 pips
    Standard
    Plus500
    Bank Transfer
    Visa
    Mastercard
    Skrill
    Paypal
    Fees Included in Spread
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