Superforex Review 2021

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

50%
Trust
66%
Instruments
42%
Features
BonusNone
InstrumentsCFD, Forex, Crypto, Stocks
Demo Account
Min. Deposit$1
Min. Trade0.01 lots
Regulated ByIFSC
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

Leverage1:2000
FTSE Spread0
GBPUSD Spread0
Oil Spread0
Stocks Spread0

Forex Trading

GBPUSD Spread0
EURUSD Spread0
EURGBP Spread0
Assets100+

Cryptocurrency Trading

SpreadFloating or Fixed
CoinsBTC, 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
Risk Warning – Your capital is at risk

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?

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 options.

Superforex vs Other Brokers

If you want to compare Superforex with other brokers, use the detailed comparisons below.

Superforex vs
SuperForex is an African-based forex and derivatives broker with currency pairs, commodities, cryptos, stocks and indices.