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SuperForex review and ratings

Established 2013
Location Belize
Regulation IFSC
Offices Belize City
Broker type STP | ECN
Leverage up to 1:1000
Deposit from 1 USD
Spreads mid  mid
Platforms MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Perfect Money Qiwi ePayments Bitcoin Liteсoin Dash Ripple SticPay Payeer Alipay

Company information

SuperForex is a forex broker located in Belize, regulated by the International Financial Services Commission of Belize (IFSC).

Availability

SuperForex accepts clients from all over the world, excluding USA and some countires from the OFAC list.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

100+ Currency Pairs Based on major and minor world currencies.
9 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Monero, Zcash, NEO, EOS.
15 Indice Futures Based on baskets of different blue-chip stocks and US Dollar Index.
5 Metal Spot CFDs Based on Gold and Silver.
5 Metal Futures Based on Gold, Silver, Platinum, Palladium and Copper.
7 Energy Futures Based on Crude Oil (WTI, Brent), Heating Oil, Gasoline and Natural Gas.
20+ Soft Futures Based on Coffee, Cocoa, Cotton, Sugar, Soybeans, Soybean Oil, Soybean Meal, Corn, Orange Juice, Wheat, Lumber, Feeder Cattle, Live Cattle, Lean Hogs.
90+ Stock CFDs Based on shares of most well-known US companies.

Comprehensive review

SuperForex is a forex brokerage company headquartered in Belize and regulated by the International Financial Services Commission of Belize (IFSC).

Although Belize is considered an offshore jurisdiction for forex brokers, it is among the countries that does regulate forex brokers. However, it is worth noting that the regulations here are far more relaxed than what would be the case in regions like Europe, North America or Australia.

As a result of this regulatory regime, trading leverage with SuperForex is also among the highest anywhere in the world, with up to 1:1,000 offered on the most liquid trading assets.

The trading instruments that are available from SuperForex includes a large selection of currency pairs, popular cryptocurrencies like BTC, ETH, XMR, EOS and others, as well as a range of commodities traded in the form of spot commodities and futures contracts. In addition, SuperForex also offers access to trading in shares of mostly US-based companies, as well as a selection of index futures of major stock markets.

All trading instruments can be traded on the broker’s only trading platform; the MetaTrader 4 (MT4). Although this is an old platform by now, MT4 is still in many ways the king among trading platforms with an unmatched popularity in the trading community. In addition to all the advanced features that comes with this platform, MT4 also gives access to a vast library of automated trading algorithms called Expert Advisors (EAs).

The account types offered by SuperForex includes a whole range of different trading accounts, each with their own unique characteristics:

A unique thing about SuperForex is that it allows traders to open an account denominated in their own local currency. For now, 13 different currencies are supported by the broker, including many Asian and African currencies, in addition to Russian rubles and Swiss francs. Used correctly, this may save some traders on conversion fees between their own home currency and the currency their trading account is denominated in.

When it comes to customer support, SuperForex offers help via a Singapore-registered phone number that is open 24 hours a day on trading days. In addition, the support department can be reached via the popular messaging services Skype, WhatsApp, WeChat, and Telegram, which we certainly appreciate.

In conclusion, we consider SuperForex to be a decent broker, especially for traders looking for high leverage. Given that the broker offers a 1:10 leverage on cryptocurrencies, this may be particularly interesting for crypto traders as most other brokers still offer only 1:3 leverage or less on crypto. Lastly, we should also add that we like how accessible customer support is with this broker compared to many other offshore-registered forex brokers.

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