SuperForex Review ☑️ South African Edition (2024) (2024)

Overall,SuperForex can be summarised as a trustworthy broker with a low spread offering and a user-friendly trading app. Superforex has high trust and a trust score of 91 out of 99.

SuperForex Review – 22 Key Point Quick Overview

1. ☑️ SuperForex Overview
2. ☑️ SuperForex Safety and Security
3. ☑️ SuperForex Sign Up Bonus
4. ☑️ SuperForex Minimum Deposit
5. ☑️ SuperForex Live Trading Account Options
6. ☑️ SuperForex STP Account Option Overview
7. ☑️ SuperForex ECN Account Option Overview
8. ☑️ SuperForex Islamic, Swap-Free Account
9. ☑️ SuperForex Demo Account
10. ☑️ How to Open a SuperForex Account – Step by Step Guide
11. SuperForex Trading Platforms
12. SuperForex Fees, Spreads, and Commission
13. SuperForex Deposit and Withdrawal
14. How to Deposit Money with SuperForex – Step By Step Guide
15. How to Withdraw Money with SuperForex – Step By Step Guide
16. SuperForex Partnership Options
17. SuperForex Best Countries By Traders
18. SuperForex vs RoboForex vs Octa – A Comparison
19. SuperForex Customer Reviews
20. SuperForex Pros and Cons
21. Conclusion
22. Frequently Asked Questions

SuperForex Overview

SuperForex is a broker with a wide-reaching global operation that has been in operation since 2013. SuperForex is known for offering top-tier services in trading and investment on the financial markets in over 150 countries across the globe. SuperForex clients can choose from a wide range of financial instruments for trading, investment, and funds management.

SuperForex Safety and Security

SuperForex falls under the regulatory authority of the International Financial Services Commission. The IFSC is responsible for regulating SuperForex plus ensuring that its services are in agreement with international law. Furthermore, SuperForex offers a multitude of Security Measures to its clients and their funds. This includes:

SuperForex Segregated Funds

In order to protect client funds, SuperForex makes use of a segregated funds policy. Segregated funds mean that client funds are kept separate from company funds, ensuring that client funds are not used as Broker resources or to fund Broker activities.

SuperForex SSL Certificate

SuperForex makes use of an SSL certificate to protect all client data. SSL, or Secure Sockets Layer, allows for safe communication between clients and the SuperForex website.

SuperForex Account Verification

In order to protect a client’s account fully, SuperForex has a comprehensive account verification process. This includes the following verification steps:

• an email verification;
• an ID scan;
• an address verification;
• a phone number verification.

SuperForex Log-In History

SuperForex clients will be able to view a full log-in history in the Client’s Cabinet. This includes a full overview of all IP addresses which have logged into an account, making it easy to spot any suspicious account activity.

SuperForex Device ID

SuperForex Clients can keep their account safe by limiting the devices which have access to it. The Device ID functionality is made available in the Clients Cabinet, under Security. Here, the account holder will be able to add their computers, tablets, or smartphones used to log into their account. Any device that is not added to the list would not be able to log in.

SuperForex Allowed IP List

Clients can further improve account safety by creating a list of allowed IP addresses. This step will restrict unwanted access to an account and only approved IPS will be able to log in.

SuperForex Sign Up Bonus

SuperForex makes multiple bonuses available. This includes a Welcome Bonus, No Deposit Bonus, and an Easy Deposit Bonus. Here is a quick overview of each.

SuperForex Welcome+ Bonus

For an unlimited period of time, the Welcome+ Plus Bonus will be made available to all new clients on each initial deposit. Typically, the SuperForex Welcome Bonus gives new clients 40% extra funds on their deposit. However, the “plus” addition to the SuperForex bonus adds an additional dimension whereby new applicants can receive 45% on their second deposit and 50% on the third. As with any Bonus Offering, Terms to apply and criteria must be met.

SuperForex No Deposit Bonus

With the SuperForex, No Deposit Bonus Traders can make a $10 deposit to receive a second No Deposit Bonus of $99. The SuperForex No Deposit Bonus amounts to $88 and is made available to every client with a fully verified, live trading account. Furthermore, traders will not need to make a deposit in order to claim the bonus. In order to claim the No Deposit Bonus users will simply need to register a live account, verify it in full and submit the “Get the No Deposit Bonus” button at the bottom of the page.

SuperForex 300% Hot Bonus

All SuperForex traders will need to do in order to subscribe to the 300% Bonus offer is to deposit at least $100 USD into their SuperForex live trading account. As with all the other SuperForex Bonus offers, this can be selected under the Client’s Cabinet. 300% of the deposit amount will automatically be added to the trading account as extra funds.

SuperForex 60% Energy Bonus

The SuperForex 60% Energy Bonus is a continuous bonus and will be applied each time the trader makes a new deposit. In order to claim the 60% Forex bonus, traders will need to open a live trading account with SuperForex and press the “Get the 60% Energy Bonus” button which can be located in the Clients Cabinet. The account holder will automatically receive an additional 60% of the amount deposited after the money is credited to their account.

SuperForex Easy Deposit Bonus

The 3000% SuperForex Easy Deposit Bonus is a bonus that amounts to 3000% of the deposit a trader chooses to make. For example, with a $25 deposit, the trader will get a full $750 Bonus to trade with. The profit made from trading with the Easy Deposit Bonus can be withdrawn.

SuperForex Minimum Deposit

The minimum deposit amount required to register a SuperForex live trading account will range between $1 USD / R16 ZAR and $100 USD / R1600 ZAR, depending on the account option selected. SuperForex offers a wide selection of STP and ECN accounts to choose from.

SuperForex STP Account Minimum Deposit Comparison

SuperForex ECN Account Minimum Deposit Comparison

SuperForex Live Trading Account Options

SuperForex offers their clients a wide variety of both STP and ECN live trading accounts to choose from. Each live trading account will come with different conditions and minimum deposits, making it important for traders to choose the account type that best suits their individual trading strategies and goals. Here you can find an overview of all of the account types currently on offer.

SuperForex STP Account Option Overview

SuperForex offers their clients 5 STP Live trading accounts to choose from. Each STP live trading account will come with different conditions and minimum deposits.

SuperForex Standard Account

The SuperForex standard account is best suited to complete beginners. The Standard account is specifically designed with freedom of trade in mind, giving traders flexible trading conditions.

SuperForex No Spread Account

The SuperForex No Spread account offers traders the possibility to trade without paying spreads when opening new deals. (Valid for all trading instruments available.) Both new and existing customers are welcome to register, but a deposit of 100 USD or EUR must be made within 24 hours of registration.

SuperForex Micro Cent Account

The SuperForex Micro Cent Account has been created with Beginner Traders in mind. This account works with small investments and provides an environment perfect for learning and aging experience – all whilst still earning a potential profit.

SuperForex Profi-STP Account

The SuperForex Profi-STP account is best suited to traders who are interested in big deposits and high-stake trades.

SuperForex Crypto Account

The SuperForex Crypto Account gives traders the opportunity to trade all of the most popular cryptocurrencies.

*Lot Size: 10 BTC/LTC/ZEC/DASH/NEO/EOS/BCH/XMR

SuperForex ECN Account Option Overview

SuperForex ECN accounts allow traders to directly operate on the Forex exchange by bypassing the intermediary banks. Here is an overview of the SuperForex ECN accounts currently made available.

SuperForex ECN Standard Account

The SuperForex ECN Standard account is the perfect account choice for traders who have no prior experience with ECN tech.

SuperForex Standard Mini Account

The SuperForex ECN Standard Mini account is best suited to traders who want to trade with an ECN account with smaller volumes.

SuperForex ECN Crypto Account

The SuperForex ECN Crypto account is best suited to traders who wish to experience ECN trading on cryptocurrencies.

* Lot Size: 10 BTC/LTC/ZEC/DASH/NEO/EOS/BCH/XMR

SuperForex Islamic, Swap-Free Account

For Muslim traders who need to avoid swaps due to religion, it is recommended to register a SuperForex Swap-free account. This account type eliminates swaps from a trader’s trading strategy and is perfect for traders from religious backgrounds. Here is an overview of the three SuperForex Islamic, Swap-Free accounts made available.

SuperForex Swap-Free Account

SuperForex ECN Swap-Free Account

SuperForex ECN Swap-Free Mini Account

SuperForex Demo Account

The SuperForex demo account is a perfect choice for beginners who have never done currency transactions before, as the account functions with the use of virtual currency.

Take Note: Profit from this account can not be withdrawn.

How to Open a SuperForex Account – Step by Step Guide

1. Step 1: Start-Process.

In order for the applicant to start the process, they can simply click on the “Open Account” button located at the top, right-hand side of the webpage.

2. Step 2: Accept the Agreement

The next step is to accept the Public Offer Agreement. Applicants must make sure that they fully understand what they are agreeing to before they continue.

3. Step 3: Complete Registration

The third step in the account application process is to complete a short, simple registration form. Once the registration form has been completed, the applicant can simply click “Open Account” to complete it.

The Trader will now be met with a Welcome message, congratulating them on registering their brand new SuperForex live trading account. The trader can now click on Continue to take a look around.

SuperForex Trading Platforms

Once the trader has registered for their SuperForex Live trading account they can download the MT4 trading platform. The MT4 trading platform is an award-winning platform and the preferred choice of trading platform by millions of investors around the world.

SuperForex Fees, Spreads, and Commission

SuperForex has a wide variety of trading accounts available with each account type having its own unique fees, spreads, commissions, and conditions. Here is an overview of STP and ECN Account types.

All deposit options made available by SuperForex are commission-free with Commissions and Fees applying to withdrawals – ranging from 1% – 5% plus additional fees, depending on the method chosen.

SuperForex Deposit and Withdrawal

SuperForex offers multiple deposit and withdrawal options, including Bank Wire Transfers, Credit/Debit Cards, Electronic Payment, Cryptocurrencies, Local Payment options, and SuperForex Money. All deposit options are commission-free and are mainly processed instantly.

In regards to Withdrawal Options, Bank Wire Transfers, Credit/Debit Card Options, Electronic Payments, Cryptocurrencies, Local Payments, and SuperForex Money is made available. Commissions and Fees do apply to withdrawals and can range from 1% – 5% plus additional fees, depending on the method chosen.

How to Deposit Money with SuperForex – Step By Step Guide

1. Firstly, the account holder will need to log into their SuperForex Account.
2. In the Client’s Cabinet, navigate to the Financial Operations Menu and click on Deposit Money.
3. The trader will now see all deposit methods made available and can select their preferred option.
4. Click on the green “Deposit” button.
5. Specify the Deposit amount in the Deposit details field and press deposit money.
6. The trader will be transferred to the relevant page where they can complete the transaction.

How to withdraw Money with SuperForex – Step by Step Guide

1. Firstly, the account holder will need to log into their SuperForex Account.
2. In the Client’s Cabinet, navigate to the Financial Operations Menu and click on Money Withdrawal.
3. The trader will now see all withdrawal methods made available and can select their preferred option.
4. Click on the green “Withdraw” button.
5. Specify the withdrawal amount in the withdraw details field and press deposit money.
6. The trader will be transferred to the relevant page where they can complete the transaction.

Different withdrawal methods will have varying processing times plus third-party commissions and fees.

SuperForex Partnership Options

SuperForex offers multiple partnership options for interested parties to choose from. This includes Introducing Broker, Sub-Introducing Broker, and the Multilevel Partnership program.

SuperForex Introducing Broker

A SuperForex Introducing Broker will earn a commission for every active trader that has been referred by him or her. An IB will be well compensated for introducing new clients to SuperForex and provided with a complete range of solutions to do business. This will include promotional materials, trading platforms, and transaction execution tools.

SuperForex Sub-Introducing Broker

The SuperForex Sub-Introducing Broker program gives interested parties the opportunity to grow their own broker network. It works similarly to the Introducing Broker type of partnership, with the goal being to attract new partners.

SuperForex Multi-Level Partnership Option

The SuperForex Multi-level Partnership allows interested parties to expand their partnership network and include many sources of income. With the MLP, members will benefit from multiple levels of clients.

SuperForex Best Countries By Traders

SuperForex vs RoboForex vs Octa – A Comparison

SuperForex Customer Reviews

Great Features.

I like the latest crypto update to allow keeping USDT on my trading account. Hope to see more convenient features like this. Currently, I am satisfied with SuperForex’s service. – Anon

Good.

Super forex is a good and commendable company, with simplified assistance. – Nwanna

Very Happy.

SuperForex has low spreads and is great for trade execution. So far my trade experience is good. They also have great contests to earn some extra money. – Abdul

SuperForex Pros and Cons

You might also like: SuperForex Sign-Up Bonus

You might also like: SuperForex Minimum Deposit

You might also like: SuperForex Account Types

You might also like: SuperForex Demo Account

You might also like: SuperForex Islamic, Swap-Free Account

You might also like: SuperForex Fees, Spreads, and Commission

Conclusion

Overall, SuperForex can be summarised as a trustworthy broker with a reputable reputation and user-friendly trading conditions.

Disclaimer

SuperForex warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors. Before deciding to trade with SuperForex, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

SuperForex warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence SuperForex cannot guarantee a maximum loss that a trader may suffer.

Frequently Asked Questions

Is Superforex a fake or scam broker?

Our Superforex review reveals that this broker is trustworthy and adheres to regulation and rules as set out by the IFSC (International Financial Services Commission).

How long does it take to verify a SuperForex live trading account?

Verifying a SuperForex Live trading account can take up to 48 hours.

What is the minimum deposit amount required to open a SuperForex account?

The minimum deposit amount required to open a SuperForex account is $1 USD / R16 ZAR.

Does SuperForex offer any Bonuses?

Yes, SuperForex has multiple Bonus offerings.