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SuperForex

4.55
Total score

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SuperForex brokerage company offers its clients two types of accounts: ECN and STP, with access to trading on various markets, including currency pairs, cryptocurrencies, stocks, indices, oil and precious metals. The product lineup includes standard, mini, crypto and no-wap accounts. A special feature of STP accounts is a unique spreadless account, where only the trading commission is charged. The spread can be floating or fixed, depending on the account type, and starts from 0 pips. Each account type has its own minimum deposit requirements, maximum leverage, available bonuses and other parameters. For example, the minimum deposit on ECN Standard Mini account is only 5 dollars, and the maximum leverage reaches 1:3000.

SuperForex also offers Forex Copy service, which is not compatible with all account types. The affiliate program is available only for legal entities. Among the broker’s key advantages are powerful and free analytics, full-fledged educational courses, many bonuses, promotions and regular contests.

  • Account currency

    USD, EUR, GBP, CNY, AED, MYR, IDR, RUB, ZAR, NGN, INR, THB, BRL, BDT, EGP, CHF, MXN, JPY, PHP, HKD, SGD, PEN, CLP, TZS, KES, GHS, UGX, ZMW, RWF, VND, XAF, PLN, AUD, CAD, JOD

  • Minimum deposit

    5 dollars

  • Leverage

    Up to 1:3000

  • Spread

    Floating (from 0 pips) or fixed

  • Instruments

    Currency pairs, cryptocurrencies, stocks, indices, oil, precious metals

  • Margin call / Stop out

    no data

Pros

  • Variety of accounts: A wide range of real accounts allows each trader to find the optimal variant, corresponding to his preferences and trading style.
  • Demo account and low minimum deposit: The availability of a free demo account and a minimum deposit below the market average makes entry to the market accessible even for beginners.
  • Training materials and analytical tools: Regardless of experience level, traders will benefit from the training materials and technical and fundamental analysis tools provided by the broker.
  • Wide selection of assets and high leverage: The ability to trade hundreds of assets from six different asset groups combined with high leverage provides high profit potential.
  • MT4 trading platform: Use of the classic MT4 terminal, no trading restrictions and full transparency of the broker's activity.
  • Copy trades service: Traders can register as signal providers and investors, which allows them to earn additional income.
  • 24/7 tech support: Support is available via phone, email, live chat and messengers, working around the clock in multiple languages for convenience and prompt resolution of any issues.

Minuses

  • Limitation on trading platforms: Clients can only work through the MetaTrader 4 platform, which limits the choice of trading terminals.
  • Country restrictions: Traders from Australia, Ukraine, North Korea and a number of other countries cannot cooperate with the broker, which narrows the potential client base.
  • Regulator: The company's activity is controlled by the International Financial Services Commission of Belize, which is not the most popular and recognized regulator in the financial community.

Customer geography

  • Benin
    35.31%
  • United Republic of Tanzania
    11.29%
  • Brazil
    8.91%
  • Pakistan
    4.73%
  • Namibia
    4.69%
  • South Africa
    3.39%
  • Indonesia
    3.23%
  • U.S.
    3.06%
  • Thailand
    2.98%
  • Uzbekistan
    2.93%
  • Others
    30.41%

Expert evaluation

James Anderson
Financial analyst, expert

SuperForex broker has been successfully operating in the market for 10 years, which allows us to conduct an in-depth retrospective analysis of its activities. Expert research has shown that the company has significantly improved its conditions over the last 3-5 years. Today, SuperForex clients have access to more than 2,300 assets, which is one of the highest figures in the industry. Leverage up to 1:3000 is a unique offer that is rarely found at other brokers.

One of the key advantages of SuperForex is the variety of accounts. Clients can choose from mini, standard, swap-free and even spread-free accounts, which allows to individualize trading conditions for each trader.

Although the broker has developed its own platform for copying trades, it did not release its own trading terminal. This was a reasonable decision, considering that MetaTrader 4 is considered by most traders and experts to be the best terminal due to its functionality and customization possibilities.

Traders can choose the type of spread (floating or fixed) and there are no trading commissions. However, there are withdrawal fees, which many competitors have already eliminated. Nevertheless, these fees are competitive and do not result in significant costs, which makes trading with SuperForex profitable.

The broker offers six bonuses and special offers such as Membership Club and Account Package. These features significantly lower the entry threshold and increase the profit potential at the start. SuperForex also offers extensive educational resources, including a network of physical training centers and regular online seminars, which are then turned into educational articles on the site. All of these resources are available free of charge.

Of course, SuperForex has some weaknesses. For example, regional restrictions and lack of alternative trading platforms other than MT4. Some traders also note weak regulation by the Belize-based IFSC, which is less reputable than other regulators such as the FSA.

Overall, SuperForex offers competitive terms and an extensive set of instruments, despite some limitations.

Analysis

4.55
Overall score
4.34
Order execution
4.76
Investment instruments
4.4
Withdrawal speed
4.7
Customer support performance
4.18
Number of instruments
4.92
Trading platform
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Ribeit

The SuperForex rebate system is based on the concept of returning a portion of your commission to traders by crediting their accounts, encouraging them to trade more. The amount of rebate you are willing to share can be specified in points. Once you earn commission from their trades, it will automatically be sent to your clients. This creates a healthy exchange cycle: clients trade, generating commission for you; you share part of the revenue with them, incentivizing them to trade more, which ultimately increases your profits.

Trading conditions

If a broker offers several types of accounts, it almost always means that there are different deposit and leverage conditions for each of them. SuperForex fully complies with this rule.

Deposit Terms and Conditions:

  • Standard STP account (including the no-wap option): The minimum deposit is only $5 USD.
  • STP Crypto and Pro: A minimum of $1,000 is required to open.
  • ECN Mini and Mini Swapless: The minimum deposit is also 5 dollars.
  • ECN Standard and Standard without swaps: The minimum deposit is 100 dollars.

Leverage terms:

  • Lowest leverage: For STP and ECN Crypto accounts is 1:10.
  • The highest leverage: For STP Pro account reaches 1:3000.

High leverage increases potential profits, but it also increases trading risks.

Technical Support:

SuperForex offers 24/7 support via all major communication channels, including call center, email, live chat and messengers.

  • Trading platform

    MT4

  • Accounts

    Demo, STP (6 accounts), ECN (5 accounts)

  • Account currency

    USD, EUR, GBP, CNY, AED, MYR, IDR, RUB, ZAR, NGN, INR, THB, BRL, BDT, EGP, CHF, MXN, JPY, PHP, HKD, SGD, PEN, CLP, TZS, KES, GHS, UGX, ZMW, RWF, VND, XAF, PLN, AUD, CAD, JOD

  • Deposit/withdrawal

    Bank Transfer, Visa, MasterCard, UnionPay, Skrill, STICPAY, Neteller, FasaPay, Perfect Money, OnlineNaira, BitWallet, AstroPay, M-Pesa, MTN, Zamtel Vodacom, crypto wallets BTC, LTC, DOGE, PPC, DASH, RDD, ZEC, BLK, USDT

  • Minimum deposit

    5 dollars

  • Leverage

    Up to 1:3000

  • PAMM accounts

    no

  • Minimum order

    0.01 lots

  • Spread

    Floating (from 0 pips) or fixed

  • Instruments

    Currency pairs, cryptocurrencies, stocks, indices, oil, precious metals

  • Margin call / Stop out

    no data

  • Liquidity provider

    no data

  • Mobile trading

    yes

  • Affiliate program

    yes

  • Order execution

    no data

  • Trading features

    Free demo, 11 real accounts, narrow floating/fixed spread, no trading commissions, average withdrawal fees, 2312 trading instruments from 6 groups, transparent copy-trading service, trading only via MT4, many bonuses, special offers and contests, free fundamental analytics and technical analysis.

  • Contests and bonuses

    yes

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Commissions

Most often brokers charge clients a spread and trading commission, but sometimes there is no commission. There may also be withdrawal fees. The spread can be floating or fixed, standard or raw. A floating spread is often more favorable than a fixed spread, although it strongly depends on the market situation. Unfixed spread is smaller than standard spread, but with it the broker’s commission is always higher.

SuperForex offers different types of spreads depending on the trader’s chosen account. The minimum spread can be 0 pips, although in most cases it is higher. It is important to note that the company does not charge trading commissions, which significantly reduces costs for clients.

Withdrawal fees

As for withdrawal fees, they are almost always present and depend on the channel chosen. For example:

  • Withdrawal to Visa card: The fee is 10 dollars + 3%.
  • Withdrawal via Zamtel Vodacom: No fee.

To determine the actual level of trading costs, a trader needs to consider the type of account, the type of asset and the current market situation.

External commissions

It is important to remember that even if a broker does not charge a withdrawal fee, this does not always mean there is no cost to the trader. Third parties, such as banks or online transfer services, may charge their own fees. This should be taken into account in advance to avoid unpleasant surprises.

The provided information allows you to understand the trading conditions at SuperForex broker, but the comfort of these conditions the trader will have to assess for himself, taking into account all possible costs and fees.

Account type
Spread / commission
Withdrawal fee
STP
From $2, fixed
There are with most withdrawal methods
ECN
From $2, floating
There are with most withdrawal methods

Broker Overview

SuperForex broker has been on the market for 10 years, officially registered in Belize and regulated by local authorities. Traders from most regions of the world actively use its services. The website, personal cabinet and technical support work in several languages, which provides convenience for international clients. The company interacts with Tier 1 liquidity providers, which allows it to achieve order execution at 30-50 ms. The technological stack and client service meet advanced standards, including the use of virtual dedicated servers and offering such unique services as deposit insurance against financial losses and accrual of 5% per annum on reserves on the trader’s balance.

SuperForex in figures:

  • 150 countries – broker’s coverage.
  • 1 second – time to open a new deal.
  • 100 thousand dollars – daily profit of clients.
  • 5 dollars – minimum deposit.
  • 11 types of real accounts (plus demo).

Trading conditions

SuperForex offers a variety of trading instruments, including currency pairs, cryptocurrencies, stocks, indices, energy and precious metals, totaling more than 2,300 assets. This allows traders to form diversified portfolios and use different trading strategies. Trading is performed through MetaTrader 4, one of the most customizable trading platforms.

Useful services of SuperForex:

  • Copytrading: A service for copying trades, developed and supported by the broker’s experts, allows signal providers to earn extra money and investors to profit without the need to trade independently.
  • Negative Balance Protection: Automatically interrupts trades to prevent the balance from going into the negative zone.
  • SuperForex Club: Club members trade with reduced spreads, receive a 100% deposit bonus, 24/7 technical support and are exempt from withdrawal fees, and their deposits are protected.

SuperForex offers 11 live accounts, so choosing the right one at the start is extremely important.

  • STP accounts: Use a direct order processing protocol, sending orders directly to the liquidity provider. Available options – Micro, Swapless, Spreadless, Standard, Crypto, Pro. Spreads are fixed, no commission, leverage from 1:10 to 1:3000.
  • ECN accounts: Apply electronic communication network, eliminating intermediaries. Available variants – Standard Mini, Standard, Swapless Mini, Swapless, Crypto. Spreads are floating, no commission, leverage from 1:10 to 1:1000.
  • Mini accounts: Minimum deposit, allow you to work with the smallest rates.
  • Standard accounts: Universal trading parameters, suitable for most traders.
  • Swapless accounts: Focused on clients who practice Islam.
  • Crypto accounts: For trading on cryptocurrency markets.
  • Pro accounts: For large-scale investments, with advanced trading capabilities.

Traders should choose an account based on their capital, trading preferences and experience. It is recommended to start with a demo account to familiarize yourself with the platform and test strategies.

Bonuses from SuperForex

SuperForex actively holds promotions for new clients, offering financial bonuses that lower the entry threshold and provide additional funds:

  • Welcome Bonus +: A trader receives an additional 40% of the first deposit amount. At the second deposit the bonus increases up to 45%, at the third deposit – up to 50%. Profit received with the help of the bonus can be withdrawn without restrictions.
  • No deposit bonus: After registration and verification the trader’s account receives 88 dollars. Profit received from these funds can be withdrawn if the conditions on trading volume are met.
  • “Hot” bonus: After registration, verification and deposit of funds to the account the trader receives additional 300% of the deposit amount. Bonus money and profit can be withdrawn if the trading volume conditions are met.
  • Bonus “Energy Charge”: It is enough to register and deposit an arbitrary amount to receive an additional 60%. The bonus and profit can be withdrawn after the trading volume conditions are met.
  • Easy Deposit: When depositing from 1 to 25 dollars, a trader receives an additional 3000% of the deposit amount, which is equivalent to up to 750 dollars. To withdraw the bonus profit it is necessary to fulfill the conditions on trading volume.

SuperForex offers competitive trading conditions and an extensive set of tools for traders of all levels. Thanks to the variety of accounts, low entry threshold, favorable bonuses and quality service, the broker provides comfortable conditions for trading on international markets.

Advantages

  • Free demo account and bonuses: The broker offers a free demo account and many bonuses that increase the profit potential for new clients.
  • Large selection of accounts: The variety of accounts individualizes the offer. Spreads range from average to below average, with no trading commissions.
  • Thousands of instruments and high leverage: More than 2300 instruments and high leverage allow traders to apply any trading strategy.
  • Convenient MT4 terminal and copying trades: Traders can trade without restrictions through the simple and convenient MetaTrader 4 terminal. Additional profits can be made by using the trade copying service.
  • Transparent operation and 24/7 support: The platform operates 100% transparently, with no hidden fees. Technical support is available around the clock in multiple languages and through various communication channels.
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SuperForex personal account overview

To start cooperation with SuperForex broker, follow the steps below:

1. Online registration

  • Go to the broker’s official website.
  • In the upper right corner select the interface language and click “Open an account”.

2. Acceptance of the terms of the contract

  • Read the public offer agreement.
  • Agree to its terms and conditions by checking the box and click “Open an account”.

3. Filling in the registration form

  • Select the type of account: individual or corporate.
  • Enter your full name, date of birth, email and phone number.
  • Enter your country of residence and registration address with zip code.
  • Click “Next”.

4. Selection of trading conditions

  • Select the account type (e.g. ECN Standard), leverage and account currency.
  • Check the box if you want an Islamic (no-wap) account.
  • If you have a referral code, specify it.
  • Click “Open an account”.

5. Account verification

  • Go to the profile settings block in myAlpari.
  • Successively click on the “Verify” buttons next to the “Full name”, “E-mail”, “Address” and “Phone number” lines.
  • Follow the instructions on the screen to verify via e-mail and SMS.
  • Upload photos or scans of required documents.
  • After successful verification, you will have full access to the functionality of myAlpari.

6. Deposit and start trading

  • Go to the “Financial Operations” section, select the “Deposit” subsection.
  • Select a convenient channel for depositing funds and follow the instructions on the screen.
  • After funds are credited to your balance, download MT4 terminal and start trading.

In SuperForex Personal Cabinet:

  • Inbox: Notifications about all events related to the trader’s account.
  • Client Cabinet: Account information, possibility to open/close an account, pass verification.
  • Trading history: Full archive of transactions.
  • Security: Customize settings for protection of funds and data.
  • Deposit Protection: Excludes losses for a certain period.
  • Financial operations: Deposit/withdrawal of funds, internal transfers.
  • Forex Copy: Access to copy-trading service, customization of copying process.
  • Bonus programs: List of current bonuses with conditions and activation button.
  • Trading tools: Technical and fundamental analysis tools.
  • Contests: Active contests and their conditions.
  • SuperForex Club: Requirements for joining the club and trader status.

Live chat, buttons for contacting support and downloading MT4 terminal are also available in myAlpari.

Answers to questions

  • What is the minimum deposit required to open an account with SuperForex

  • What bonus programs does SuperForex offer for new clients?

  • What is the process of account verification in SuperForex?

  • What types of trading accounts are available at SuperForex?

  • How to contact SuperForex technical support?

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