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SuperForex


                  


Company information

Broker's name: SuperFin Corp.

Website: https://superforex.com/

Headquarted in Belize, C.A.

Regulated by: IFSC (Belize)

E-mail Address: support@superforex.com   




The Company. Security of Funds

Operating since 2013, SuperForex is an offshore broker offering trading in over 300 currency pairs, a wide range of CFDs. As well as precious metals, futures and indices trading through the popular MetaTrader 4 to both retail and institutional customers from Europe, Asia and the Middle East.

It is licensed by the International Financial Services Commission (IFSC). Belize is known as an offshore destination for financial service providers, where the regulation and licensing requirements are not as strict as in other jurisdictions. Many forex brokers choose to register in Belize, since they are obliged to meet fewer and softer requirements and to comply with less strict rules than if they were regulated in the UK or US for example. In fact, IFSC rather relies on self-regulation of forex brokers.

Recently, as of the end of 2015 and the beginning of 2016, Belize regulation tightens. IFSC increased the minimum requirement for initial capital for financial and commodity-based derivatives brokers from $100,000 to $500,000. Furthermore, IFSC has increased the annual license fee from $5,000 to $25,000. In comparison, the minimum capital requirement for UK-based brokers is 730 000 EUR and for US-based ones – 20 million.

So, regulation in Belize is better than the one in the St. Vincent and the Grenadines, where brokers follow simple registration procedure and don’t have to comply with any requirements as regards minimum capital or segregation of client’s’ funds, for instance. Still, IFSC supervision cannot be compared to the one exercised by US or UK financial watchdogs.

Minimum Initial Deposit 

The minimal sum required to open an account with SuperForex is just $1, a symbolically low amount, which is reasonable, considering the looser regulation. Exness, holding a IFSC license too, also requires $1 from its clients to open a Mini account.

Average Spreads & Commissions

This broker offers fixed spreads, amounting to an average of 2 pips on EUR/USD and says that it doesn’t charge any commission. Such fixed spread is considered average for the forex market. In comparison, Exness’ fixed spreads amount to 1,7 pips on EUR/USD. 

Maximum Leverage

The maximum leverage rates at SuperForex are high, reaching 1:1000.

Trading Platform

SuperForex supports the award-winning MetaTrader 4, the preferred choice of trading professionals. The platform offers all a trader needs: a number of technical indicators, extensive back-testing environment, advanced charting package and a wide range of Expert Advisors (EAs). Traders can download ready-made or create their own automated trading strategies and simply let the program do all the work.

Methods of Payment

The following payment modes are available to clients of SuperForex: Credit/debit cards (Visa, MasterCard, UnionPay), bank wire transfer, and the following e-wallets: Skrill, Neteller, WebMoney, PayCo, QIWI, bitcoin, Yandex, ePayments transfer, Boleto Transfer, Latin America Transfer, Деньги Online and FasaPay.
Clients can open accounts and deposit funds in USD, EUR, and RUB.


Comments

  • Mirooon I tested different brokers and finally chose this one. I liked their bonus programs, useful personal account and many different ways to withdraw or replenish money. Also good support who helped me to configure my account and to choose the best bonus for me.



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