SuperForex Overall rating
| Rating | Weight | |
| Popularity |
3.2
|
3 |
| Regulation |
2.0
|
2 |
| User Rating |
Not rated
|
3 |
| Pricing rating |
Not rated
|
1 |
| Features |
Not rated
|
1 |
| Customer Support |
Not rated
|
1 |
Pros
- Offers a wide range of leverage options up to 2000:1
- Regulated by the Belize Financial Services Commission
- Provides negative balance protection
- Moderate popularity with 40,843 monthly organic visits
- Well-established broker, in business for over a decade since 2013
- Offers a broad range of tradable instruments, including Forex and CFDs
- MetaTrader 4 available for multiple platforms
- No deposit compensation scheme is available
Cons
- No user reviews available for assessing customer satisfaction
- Not licensed as a bank and does not provide public financials
- Ranked lower in user ratings and expert rankings compared to competitors
- Relatively high average spreads on certain asset classes
- Lack of transparency in swap rates and additional fees
We tested SuperForex using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
SuperForex is a well-established broker, having been in operation since 2013. It is regulated by the Belize Financial Services Commission (BZ FSC), which requires the segregation of client funds from the company's operating capital and offers negative balance protection. However, it's important to note that SuperForex does not provide a deposit compensation scheme, which would protect investors if the firm were to fail.
In terms of popularity, SuperForex ranks 196th out of 815 forex brokers for organic traffic, receiving approximately 40,843 monthly visits. This indicates a moderate level of interest from traders. Despite its regulatory status, SuperForex has not garnered any user reviews, and it is rated 0.0 out of 5 by users. The broker is ranked 219th based on user ratings and 212th based on expert evaluations.
SuperForex is privately owned, not publicly traded, and does not provide its financials publicly, which might affect transparency and trust among potential clients. While being regulated is a positive factor, it's important to remember that even highly regulated and successful financial firms have failed in the past. Traders should always consider the full picture, including regulatory compliance, transparency, and the broker's reputation in the industry.
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Finateqs Corp Ltd |
|
 |
|
|
2000 : 1 |
Deposit Insurance
SuperForex does not provide a deposit compensation scheme under its regulatory framework with the Belize Financial Services Commission. This means that in the event of the broker's failure, investors may not have access to a compensation fund to recover their deposits.
While the broker offers segregated client accounts to protect customer funds from the company's operating capital, the absence of deposit insurance can be a significant consideration for traders looking to safeguard their investments.
Spreads and Costs
SuperForex offers relatively high average spreads compared to some industry-leading brokers, especially in the crypto asset class. The average spread for Forex, however, is not provided, making it challenging to assess their competitiveness in this category.
In the broader context of spreads and costs, SuperForex's offerings appear to be less favorable than those of market leaders such as IC Markets and Exness.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
| Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
|---|---|---|---|---|
| SuperForex – Standard | 29.16 | - | - | - |
| Exness – Standard | 22.64 | 2.22 | 7.07 | 0.12 |
| IC Markets – Standard | 9.10 | 1.54 | 1.12 | 0.10 |
| ThinkMarkets – Standard | 16.89 | 2.06 | 1.59 | 0.14 |
| Admirals – Trade | - | 2.65 | - | 0.19 |
| Oanda – Standard | - | 2.43 | - | - |
| Forex.com – Standard | - | 3.05 | - | - |
Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.
Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.
Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
| Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SuperForex – Standard | 51.67 | 6.65 | - | - | 1.84 | - | - | - | - | - | 0.40 | - |
| Exness – Standard | 38.87 | 6.40 | 1.29 | 1.87 | 3.89 | 1.98 | 2.63 | 1.62 | 6.41 | 7.74 | 0.20 | 0.05 |
| IC Markets – Standard | 15.19 | 3.00 | 0.87 | 1.19 | 2.16 | 1.37 | 2.27 | 1.38 | 1.28 | 0.95 | 0.17 | 0.02 |
| ThinkMarkets – Standard | 31.92 | 1.80 | 1.12 | 1.32 | 2.24 | 1.98 | 3.67 | 2.00 | 1.47 | 1.71 | 0.24 | 0.03 |
| Admirals – Trade | - | - | 0.96 | 1.53 | 2.88 | 1.15 | 4.17 | 5.21 | 3.57 | - | 0.35 | 0.03 |
| Oanda – Standard | - | - | 1.46 | 1.77 | 3.80 | 1.36 | 3.40 | 2.80 | - | - | - | - |
| Forex.com – Standard | - | - | 1.41 | 1.71 | 4.34 | 1.51 | 5.23 | 4.08 | - | - | - | - |
Swap Rates/Financing Fees
Swap rates, also known as overnight fees, are the costs or earnings associated with holding a trading position overnight. They can be either positive or negative, depending on the interest rate differential between the two currencies in a Forex pair. Positive swap rates pay out to traders, while negative swap rates incur a cost.
SuperForex does not provide detailed information on its swap rates, making it difficult to determine whether its offerings are competitive in this area.
| Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
|---|---|---|---|---|---|---|---|---|
| SuperForex | - | - | - | - | - | - | - | - |
| Exness | - | -6.71 | -0.09 | -0.07 | -2.89 | 0.00 | 0.00 | -37.21 |
| IC Markets | Best | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
| ThinkMarkets | - | -3.27 | -0.14 | -0.14 | -2.61 | 1.08 | 19.57 | -37.37 |
| Admirals | - | -5.93 | - | - | - | - | 1.43 | -31.59 |
| Oanda | - | - | 0.00 | 0.00 | 15.00 | 0.09 | 0.00 | 0.00 |
| Forex.com | - | - | 0.00 | 0.00 | 0.00 | 0.00 | - | - |
Does SuperForex Offer Islamic/Swap-free Accounts?
Islamic or swap-free accounts are designed for traders who cannot earn or pay interest due to religious beliefs. These accounts typically do not incur overnight swap fees, making them compliant with Islamic principles.
SuperForex offers swap-free accounts to its clients, ensuring that no interest is charged on overnight positions. Traders interested in such accounts must request them, and eligibility may depend on the trader's country of residence or other criteria. More information can be found on the broker's website.
Other Fees
Aside from spreads, commissions, and swap rates, brokers often impose additional fees, such as withdrawal and inactivity fees. SuperForex's fee structure is outlined below:
| Fee Type | Details |
|---|---|
| Withdrawal Fees | SuperForex charges varying withdrawal fees depending on the payment method. Some methods may be free, while others may incur charges. It's recommended to review the broker's withdrawal policies for specific details. |
| Inactivity Fees | There is no clear information available on inactivity fees. Traders should verify with SuperForex directly if there are charges for dormant accounts. |
| Deposit Fees | SuperForex generally does not charge deposit fees, but some payment providers may apply their own charges. |
Comparison to other Brokers
SuperForex, a broker regulated by the Belize Financial Services Commission, has been in the industry for over a decade. While it offers high leverage options up to 2000:1 and a wide range of tradable instruments, it faces stiff competition from other industry-leading brokers such as IC Markets, Exness, and ThinkMarkets.
In terms of regulatory compliance, SuperForex's regulation by the Belize FSC is seen as less robust compared to the stricter regulations from entities like ASIC, CySEC, or the FCA that govern some of its competitors. This might influence traders' perception of the broker's trustworthiness and reliability.
SuperForex's user ratings are relatively low, with a score of 0.0 out of 5, and it lacks verified user reviews, making it challenging to assess customer satisfaction. This is in contrast to brokers like Oanda and Forex.com, which have established reputations and higher user ratings.
The broker's average spreads are less competitive, particularly in the crypto asset class. While IC Markets and Exness offer lower spreads across various asset classes, SuperForex's costs are higher, making it less attractive for cost-sensitive traders.
SuperForex's swap rates are not well-documented, and its offerings in this area are less favorable compared to the best available in the industry. Brokers like IC Markets provide more transparent and competitive swap rate structures.
Despite its shortcomings, SuperForex has a decent level of popularity with over 40,000 monthly organic visits, reflecting moderate interest in its services. However, it needs to enhance its transparency, customer feedback mechanisms, and competitive pricing to better compete with top-tier brokers.
Trading Platforms - Mobile, Desktop, Automated
| Platform | Type | Automated Trading |
|---|---|---|
| MetaTrader 4 | Desktop, Mobile, Web | Yes, via Expert Advisors (EAs) using MQL4, which is relatively easy to learn |
| SuperForex App | Mobile | No |
SuperForex offers the popular MetaTrader 4 (MT4) platform, which is known for its robust charting capabilities, a wide range of technical indicators, and support for automated trading through Expert Advisors (EAs). The MQL4 programming language used for EAs is accessible for traders familiar with programming, offering flexibility in creating custom indicators and strategies.
The SuperForex App provides mobile trading options, allowing traders to manage their accounts and execute trades on the go. However, the app does not support automated trading, and its feature set is more limited compared to the MT4 platform.
What Can you Trade?
| Asset Class | Number of Instruments |
|---|---|
| Forex CFD | 80 |
| Crypto CFD | 21 |
| Stock CFD | 200+ |
| Stock Index CFD | 19 |
| Commodities CFD | 9 |
| ETFs | 23 |
| Futures CFD | 9 |
SuperForex offers a diverse range of tradable instruments, including Forex, Cryptos, Stocks, Indices, Commodities, ETFs, and Futures CFDs. Traders can choose from over 80 Forex pairs, 21 cryptocurrencies, and a substantial selection of stocks and indices.
The broker operates primarily through CFDs, meaning traders do not own the underlying assets but instead speculate on price movements. CFDs offer leverage, which can amplify both profits and losses, providing opportunities and risks for traders.
For more detailed information about the specific instruments available, traders can visit SuperForex's website to access the complete list of tradable symbols.
Available Leverage
SuperForex offers a maximum leverage of 2000:1 for retail clients, which is considerably high compared to many other brokers. This high leverage is available under the regulation of the Belize Financial Services Commission. However, traders must exercise caution when utilizing high leverage, as it can magnify both potential profits and losses.
The broker may provide different leverage levels based on the asset class and account type, so it's crucial for traders to verify these details on the broker's official website before trading.
Prohibited Countries
SuperForex does not offer its services to residents of several countries due to regulatory restrictions and legal constraints. These countries include the United States, European Union member states, and several others in regions such as Asia and the Middle East.
Traders should verify their eligibility by consulting SuperForex's website or contacting their support team, as these restrictions may change over time.
SuperForex Account types
| ECN Standard | ECN Standard-Mini | ECN Swap-Free | ECN Swap-Free Mini | ECN Crypto | |
| Maximum leverage | 1000:1 | 10:1 | |||
| Mobile Platform | MT4 Mobile, Proprietary | ||||
| Trading platform | MT4, Proprietary | ||||
| Spread Type | Variable Spread | ||||
| Minimum Deposit | 100 | 5 | 100 | 5 | 50 |
| Minimum Trade Size | 0.01 | ||||
| Trailing Stops | | ||||
| Scalping Allowed | | ||||
| Hedging Allowed | | ||||
| Islamic Accounts | - | | - | ||
| ECN Standard | |
| Maximum leverage | 1000:1 |
| Trading platform | MT4Proprietary |
| Mobile platform | MT4 MobileProprietary |
| Spread type | Variable Spread |
| Minimum deposit | 100 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| ECN Standard-Mini | |
| Maximum leverage | 1000:1 |
| Trading platform | MT4Proprietary |
| Mobile platform | MT4 MobileProprietary |
| Spread type | Variable Spread |
| Minimum deposit | 5 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| ECN Swap-Free | |
| Maximum leverage | 1000:1 |
| Trading platform | MT4Proprietary |
| Mobile platform | MT4 MobileProprietary |
| Spread type | Variable Spread |
| Minimum deposit | 100 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| ECN Swap-Free Mini | |
| Maximum leverage | 1000:1 |
| Trading platform | MT4Proprietary |
| Mobile platform | MT4 MobileProprietary |
| Spread type | Variable Spread |
| Minimum deposit | 5 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| ECN Crypto | |
| Maximum leverage | 10:1 |
| Trading platform | MT4Proprietary |
| Mobile platform | MT4 MobileProprietary |
| Spread type | Variable Spread |
| Minimum deposit | 50 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
SuperForex Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
superforex.com
|
| Organic monthly visits | 32,051 (99%) |
| Organic traffic rank | 185 out of 827 (Forex Brokers) |
| Paid monthly visits | 221 (1%) |
| Total monthly visits | 32,272 |
| Bounce rate | 43% |
| Pages per visit | 2.14 |
| Average visit duration | 00:01:05.8370000 |
SuperForex Profile
| Company Name | Finateqs Corp Ltd |
| Categories | Forex Brokers, Cryptocurrency Brokers |
| Primary Category | Forex Brokers |
| Year Founded | 2013 |
| Account Currency | DKK, EUR, GBP, HUF, JPY, SEK, USD, ZAR, NOK, CZK, CNY, NGN, BRL, CLP, COP, GHS, KES, KRW, KZT, TWD, UGX, INR, RWF, TZS, ZMW |
| Support Languages | Arabic, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Turkish, Vietnamese, Bengali, Urdu, Bahasa (Indonesian), Czech, Farsi |
| Funding Methods | AstroPay, Bank Wire, Credit/Debit Card, FasaPay, Neteller, Perfect Money, Skrill, Local Bank Transfer, E-wallets, Fast Bank Transfer, ePayments, SticPay, Bitwallet |
| Financial Instruments | Forex, Shares, Oil/Energies, Cryptocurrencies, Metals, Soft Commodities (coffee, sugar...) |
| Prohibited Countries | United States |
Islamic Accounts
Cent accounts
Social trading
Bonuses
Fixed spread
Variable spread
SuperForex User reviews
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
SuperForex Regulation / Money Protection
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Finateqs Corp Ltd |
|
|
|
|
2000 : 1 |
SuperForex Symbols
Loading symbols ...
Copy Link
Share on Facebook
Share on X
Share by Email