If you're considering investing with SuperForex, it's important to do your research and make sure the broker is legitimate and trustworthy. In this Superforex review, we'll take a closer look at the broker's features, fees, and customer support to help you make an informed decision.
Superforex At A Glance
| 🔎 Broker | 🥉 SuperForex |
| ⚖ Regulation | IFSC |
| 💳 Minimum deposit from | $1 (15 ZAR) |
| 🏧 Average spread from | Variable |
| 💸 Commissions from | None |
| 💳 Deposit/Withdrawal Fees | ✅ Yes |
| 📈 Maximum Leverage | 1:1000 |
| 🎁 Bonuses | ✅ Yes |
| 🗣 Customer Support | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
SuperForex Overview
SuperForex is regulated by the International Financial Services Commission (IFSC) and offers trading in over 300 currency pairs, as well as CFDs on commodities, stocks, and indices. The broker also offers a range of account types to suit different trading styles and experience levels, including a demo account for beginners.
SuperForex Review: 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.
Superforex Account Types
SuperForex provides 12 different account types ranging across STP, ECN, Islamic, Swap-Free, and Demo Account Options.
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.
| 🧾 Account | 📊 Standard | 📊 Swap Free | 📊 No Spread | 📊 Micro Cent | 📊 Profi STP | 💻 Crypto |
| 💰 Min. Deposit | $1 USD | $1 USD | $100 USD | $1 USD | $500 USD | $100 USD |
| R16 ZAR | R16 ZAR | R1600 ZAR | R16 ZAR | R7600 ZAR | R1600 ZAR | |
| 💳 Max. Deposit | Unlimited | Unlimited | Unlimited | $3000 USD | Unlimited | Unlimited |
| R46'000 ZAR | ||||||
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
| 🧾 Account | 📊 ECN Standard | 📊 ECN Standard Mini | ☪ ECN Swap-Free | ☪ ECN Swap-Free Mini | 💻 ECN Crypto |
| 💰 Min. Deposit | $100 USD | $1 USD | $100 USD | $1 USD | $100 USD |
| R1600 ZAR | R16 ZAR | R1600 ZAR | R16 ZAR | R1600 ZAR | |
| 💳 Max. Deposit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Her |
Superforex Broker Review: Trading platforms
SuperForex offers a variety of trading platforms to suit different trading styles and preferences. The most popular platform is MetaTrader 4 (MT4), which is available for desktop, web, and mobile devices.
MT4 is known for its user-friendly interface, advanced charting tools, and automated trading capabilities. SuperForex also offers the MT5 platform, which has additional features such as more advanced technical analysis tools and a built-in economic calendar.
In terms of account types, SuperForex offers both standard and ECN accounts, with minimum deposits starting from $1 and $200 respectively. Standard accounts have fixed spreads, while ECN accounts have variable spreads and charge a commission per trade.
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 Broker Review: 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
| 🔎 Account | 🥉 Standard | ☪ Swap Free | 🏅 No Spread | 🥈 Micro Cent | 🥉 Profi STP | ➰ Crypto |
| 💰 Min. Deposit | $1 USD | $1 USD | $100 USD | $1 USD | $500 USD | $100 USD |
| R16 ZAR | R16 ZAR | R1600 ZAR | R16 ZAR | R7600 ZAR | R1600 ZAR | |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
SuperForex ECN Account Minimum Deposit Comparison
| 🔎 Account | 🎖 ECN Standard | 🏅 ECN Standard Mini | ☪ ECN Swap-Free | ☪ ECN Swap-Free Mini | 💻ECN Crypto |
| 💰 Min. Deposit | $100 USD R1600 ZAR | $1 USD R16 ZAR | $100 USD R1600 ZAR | $1 USD R16 ZAR | $100 USD R1600 ZAR |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
How to Open a SuperForex Account – Step-by-Step Guide
- Visit the Superforex Account sign-up page and click on the “Open Account” button located at the top
2. Agree to the terms and enter your personal details
3. Confirm your email and login after opening your account.
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 are 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
- Log into your SuperForex Account.
- In the Client’s Cabinet, navigate to the Financial Operations Menu and click on Deposit Money.
- Choose your preferred deposit method and click on the Deposit button
- Specify the Deposit amount in the Deposit details field and press deposit money.
- 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
- Log into your SuperForex Account.
- In the Client’s Cabinet, navigate to the Financial Operations Menu and click on Money Withdrawal.
- The trader will now see all withdrawal methods made available and can select their preferred option.
- Click on the green “Withdraw” button.
- Specify the withdrawal amount in the withdraw details field and press deposit money.
- 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 Pros and Cons
| ✅Pros | ❌Cons |
| Regulated | Offshore regulation |
| Social trading supported | Only one trading platform supported |
| MetaTrader 4 supported | Spreads are not the tightest in the industry |
Due to weak regulation, we recommend other better-regulated brokers as Superforex alternatives.
The Best Forex Brokers For You
Conclusion On Superforex Broker Review
Superforex is a good choice for forex traders who are looking for a low-cost broker with a wide range of trading instruments and platforms. They offer competitive spreads and do not charge any commissions.
However, there are some fees that you should be aware of, such as inactivity fees and withdrawal fees. The customer support team is knowledgeable and helpful, but some users have reported that they have had to wait a long time to get a response.
The broker also has weak regulation and a low trust score and can't be listed as one of the best brokers in South Africa.
Frequently Asked Question On Superforex Broker
Superforex is regulated by one authority which is IFSC (Belize)
Superforex is not regulated in South Africa but internationally it is regulated by IFSC (Belize)
Yes, Superforex has a Zar account.
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