SuperForex was formed in 2013 to make forex more accessible and incorporate it into daily life. From its headquarters in Belize, the broker now works in over 150 countries. Zambia, Malaysia, Indonesia, Zimbabwe, and South Africa are just a few of the countries where the organization has operations. The International Financial Services Commission (IFSC) regulates brokerage, and suitable security mechanisms for identity verification and login are in place.
Clients have access to the MetaTrader 4 (MT4) trading platform, which they may install on their computers or use as an online trader on any major browser. The intuitive navigation and user-friendly layout have received favorable and encouraging user ratings and reviews. The following are some of the features:
To help you get the most out of your MT4 trading experience, video instruction is offered. The terminal works on both Windows and Mac computers.
No matter where you are, the mobile app delivers a comprehensive trading experience immediately from your mobile device or tablet. The MT4-integrated app is available for iOS and Android smartphones as a free download (APK). Wherever you are, you may access all of the trading capabilities of the desktop trading platform, including analytical tools and customizable charts and charts. The following are some of the features:
The minimum deposit amount varies, but the lowest limit is $1, £1, or €1, which is ideal for a beginner trader. Although third-party bank or exchange fees may apply, the company does not impose fees for any deposit methods. Accounts are available in a variety of base currencies. Optional payment methods include
There is a withdrawal charge that is determined by the manner of the transaction. Some methods have minimum withdrawal limitations. Before money may be taken from a live account, verified accounts will require the entry of a withdrawal pin.
On the broker’s website, a free demo account in USD or EUR is accessible. These accounts are a wonderful way to practice trading, learn about the platform’s features, and test techniques without putting your money at risk. Traders can get up to £50,000 in virtual funds and trade with real-time pricing and conditions.
Throughout the year, the company runs distinct contest cycles on demo accounts. They can target certain tools, such as the Bitcoin Mania and Gold Rush competitions. Clients must use paper trading accounts to trade demo instruments. Retail traders who have the greatest account balance after the cycle can win up to $100 for each live account deposit.
A variety of bonus and incentive schemes are available. At the time of writing in 2021, this includes a 40% welcome bonus on initial deposits, a $1,000 welcome bonus, and a 202 percent bonus requirement for adding money to a live account.Some incentives don’t mix well with others. A comparison chart is provided by the broker to assist in determining the best choice to apply for.
Depending on the account’s revenue, the membership club offers various privileges. To join, you must make a $100 deposit, but there is no minimum trading volume, so anybody may sign up. Reduced spreads, unique analytics, 24/7 customer assistance, and superior deposit protection are all available to members.
On the website, you’ll find several instructional resources containing beginner-oriented YouTube video content, a dictionary of currency words, and PDF investing articles. Understanding financials, utilizing a profit and loss calculator, copy-trading advice, spreads, the advantages of employing a trading bot, and more are among the topics covered. There’s also information about live lectures and training facilities. All clients receive free Pattern Graphix software from the broker. This is an EA (automated trading adviser) that works with the MetaTrader 4 platform. The system can recognize patterns in price charts and recommend the best trades to execute. Simply upload it, and the service will automatically sync it with your account.
The company provides a variety of live accounts with ECN and STP execution. Each account has its own set of trading conditions that are appropriate for various methods. The minimum deposit is modest, which is ideal for a beginner trader. Account alternatives include the US dollar, euro, pound sterling, and South African rand, minimizing the need for often expensive transactions. To make choosing an account easier, we recommend using a sample account first.