Superforex Review 2022
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| SuperForex is an African-based forex and derivatives broker with currency pairs, commodities, cryptos, stocks and indices. | ||
Superforex is a multiple award-winning broker that gives traders access to CFD, Forex, Cryptocurrency and Stocks. Superforex allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, Superforex has Demo Accounts and Islamic Accounts but is missing Social Trading, Signals and Auto Trading.
Cryptocurrency traders have a very decent number of coins to trade at Superforex, 9 in fact: BTC, ETH, LTC, ZEC, DASH, BCH, XMR, NEO and EOS.
Superforex is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
Superforex Summary
SuperForex is an African-based forex and derivatives broker with currency pairs, commodities, cryptos, stocks and indices.
Ratings
| Bonus | None |
|---|---|
| Instruments | CFD, Forex, Crypto, Stocks |
| Demo Account | ✓ |
| Min. Deposit | $1 |
| Min. Trade | 0.01 lots |
| Regulated By | IFSC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✓ |
| Mobile Apps | iOS & Android |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✓ |
| Islamic Account | ✓ |
CFD Trading
| Leverage | 1:2000 |
|---|---|
| FTSE Spread | 0 |
| GBPUSD Spread | 0 |
| Oil Spread | 0 |
| Stocks Spread | 0 |
Forex Trading
| GBPUSD Spread | 0 |
|---|---|
| EURUSD Spread | 0 |
| EURGBP Spread | 0 |
| Assets | 100+ |
Cryptocurrency Trading
| Spread | Floating or Fixed |
|---|---|
| Coins | BTC, ETH, LTC, ZEC, DASH, BCH, XMR, NEO, EOS |
Payment Methods
Superforex accepts the following payment methods:
- Wire Transfer
- Credit Card
- Visa
- Mastercard
- Skrill
- Sticpay
- Neteller
- FasaPay
- Perfect Money
- Flutterwave
- Bitcoin Payments
Awards
Superforex is a multiple award-winning broker, with 3 awards received so far.
- Best Affiliate Programme 2017 - ShowFX World
- Best New ECN Broker In Africa 2020 - Global Brands Magazine
- Best ECN Broker In Africa for 2021 - International Business Magazine
FAQ
Is Superforex Safe?
Yes, most likely, as we gave Superforex a trust score of 50% in this review. The main negative factor in this score is that Superforex is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Superforex Accept PayPal?
No, Superforex does not accept PayPal payments.
Is Superforex Halal?
Yes, Superforex does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Superforex support?
Superforex only supports the MetaTrader 4 trading platform at this time.
Is Superforex Regulated in the UK?
No, Superforex is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives
Is Superforex Regulated?
Yes, Superforex is regulated by IFSC.
The fact that Superforex is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.
Superforex vs Other Brokers
If you want to compare Superforex with other brokers, use the detailed comparisons below.
Superforex vs |
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| SuperForex is an African-based forex and derivatives broker with currency pairs, commodities, cryptos, stocks and indices. | ||