SuperForex forex broker review, scam
Broker SuperForex, operating in the territory of England, is considered a criminal with a damaged reputation.
If we get to the official website of SuperForex - Superforex.com, we will find that our company offers trading services on the Forex financial market in England. SuperForex also provides programs for financial actions.
Our employees explored the SuperForex website, got acquainted with the terms of operations, tried to get at least demo access to the services, investigated the existence of official papers, the region where the company was registered.
With the help of the information received, we will find out: Is SuperForex a scam or not?
In addition, we will tell you how not to fall into the trap of scammers, about their work algorithms. We provide the information you need to keep your investment safe.
SuperForex is located in an offshore region
The first sign indicating that Superforex.com is bandits is the state of registration. According to the documents, the organization is registered in the Marshall Islands, which is already in doubt, since it operates in the UK. Offshore states are popular with scammers due to the lack of laws and executive power.
Also, this region does not have permissions for trading on the Forex financial market.
In addition, when our experts tried to find the physical address, data about the owners and directors of SuperForex, they failed to reveal anything.
This shows that SuperForex is a shadow Internet broker, interaction with which will result in significant financial losses.
No SuperForex director data found
After analyzing the site, our employees could not find any truthful information about the management of Superforex.com. No addresses, no phone numbers or other means of communication.
Basically, this means that the acting directors are trying to hide information about themselves in order to hide from responsibility for their actions. If one of the employees of SuperForex manages to be exposed, then everything will end there, and the actual directors of the fraudulent organization will remain free with the money.
SuperForex, website - Superforex.com, is valid for less than a month
The official website of SuperForex tells about the serious experience of operations in the Forex financial market.
The main way to check a website is to obtain information about its domain name. Usually, they contain the expiration date of the domain name, data for contacting its owner.
In this case, the Superforex.com domain works for less than thirty days, and information about the legal or natural person owning it is hidden. Another evidence that the SuperForex management is trying to protect its anonymity.
This desire can be accepted, but not when it comes to a financial institution that works as an intermediary between the client and the Forex market.
At the same time, SuperForex assure their potential users that they have been working effectively on Forex for a long time.
SuperForex does not have a demo period
It is a common practice for brokers to provide clients with a demo version of their software in order for them to get acquainted with the interface, to test their skills in Forex operations with virtual currency.
Unfortunately, on the Superforex.com website, we could not find information about the test period, the opportunity to try the software.
We think that the organizers of the organization Superforex.com most likely do not plan to provide users with demo access to their software, since someone is able to suspect a scam.
Broker Superforex.com operates with a negative account
Legal companies that operate in the Forex financial market do not use a negative account in their activities. By law, the user of the broker is not able to spend more now is on the balance sheet. In cases where the account goes into a negative value, its debts must be repaid not by the client, but by the company that has provided its services.
Therefore, registered online brokers do not use a negative balance in their activities.
However, SuperForex offers traders to trade with a negative account, that is, on credit.
Why is this needed?
To drive the user into a loan and start demanding a debt from him. This is one of the most commonly used scam methods used by scammers.
If this happens, you need to remember that scammers have no way to get money under UK law. Absolutely all methods of influencing traders are considered illegal. The most that scammers are able to do is to disturb with calls, write messages with threats.
It is impossible to work with Superforex.com, as all agreements will result in losses.
Superforex.com operate with a credit ratio of one to four hundred or more
It is already obvious that SuperForex are swindlers. However, let's pay attention to one nuance, namely the presence of excessively high leverage.
The credit ratio is the ratio of the funds of traders and brokers when making a trading operation. Leverage makes it possible to make large trading operations for users who do not have access to the corresponding money.
In order to protect users of the Forex financial market, in developed regions, laws require the use of a credit ratio with the highest ratio of 1 to 30, in exceptional cases fifty.
At the same time, SuperForex uses a leverage of 1 to 400 for operations on the Forex market.
This relationship is allowed in Switzerland, since organizations registered in this country are highly trusted. However, SuperForex is not registered there.
In fact, SuperForex cannot work on Forex with such a credit ratio, due to the high risk for users. Actually, this is used solely to force the trader not only to give more money, but also to drive him into debt.
Local SuperForex offices
It is considered important for every firm to have local offices in civilized countries, even if the activity takes place only in the UK. Therefore, SuperForex informs that in addition to an impressive number of bonuses, they have regional offices in the UK, Australia and other civilized countries, as well as thousands of competent employees.
Checking the existence of these branches is elementary. Since there are industry structures that control the actions of brokers. In the UK it's FCA, in Australia it's ASIC.
Accordingly, the official firm must have supporting documents from these or other organizations that will prove their right to provide services for making money on the Forex market, and determine the level of responsibility.
However, after checking the profile websites, our specialists did not find them. This once again confirms our suspicions.
Registration on Superforex.com requires the transfer of personal data
As we said earlier, SuperForex does not have a demo period, and because of this, in order to gain access, you must immediately pay the minimum deposit to SuperForex criminals. In addition, access to the Superforex.com personal account is possible only upon successful completion of user verification.
This means that SuperForex requires its clients to submit data such as:
- Information about an individual (passport, driver's license, etc.);
- Information about the permanent place of residence (payments for a communal apartment);
- Information about qualifications, place of work, experience.
In addition, with the initial payment, the bandits are able to access bank account data.
Combined, this information may allow fraudsters to smuggle a loan on a deceived trader, or carry out other shady schemes.
Since registration on the Superforex.com website requires the transfer of confidential data, our experts did not get access to the SuperForex personal account and services for earning on Forex.
Reviews about SuperForex
The most important step in exposing SuperForex is to study customer reviews.
A detailed study of the issuance in search engines gave the following information:
- Most of the mentions and reviews of SuperForex online are lies. These are the same type of positive reviews of the paid type;
- All real reviews and comments about SuperForex are bad. Our staff failed to find credible testimonials from former Superforex.com users, which speak of good income, efficient trading.
- Negative reviews are caused by criminal acts, theft of funds, special creation of debt.
In accordance with this, SuperForex reviews indicate that this broker is a scammer.
Contact information and papers of SuperForex
Having studied the information on Superforex.com, our employees found a lot of dubious digital documents that can be easily created using a graphics editor. They are not confirmed by official companies, which means they cannot be trusted.
If an online broker is not associated with regulatory organizations, then its clients simply have nowhere to turn for help.
On the "Contacts" page, our experts identified a phone number. It turned out that it had already been used by an illegal broker. There are also many reviews on the web about fraudulent activities associated with the phone number listed on Superforex.com.
Withdrawing money from Superforex.com
Are you going to make money with the help of a Forex broker? Make sure you can take money from him.
Having studied the trade agreement on the official website of SuperForex, our employees did not see specific information about the methods of withdrawing funds. Also, our experts found a description of the fines for inactivity of a personal account, but did not find data on the amounts. Since scammers do not operate in the official field, these fines cannot be challenged.
Therefore, if a user has stopped cooperating with SuperForex, he may be disturbed by calls and spammed with a demand to pay a fine.
How does SuperForex work?
The method of searching for new users, which SuperForex uses, also raises concerns.
For advertising, fake profiles in social networks are used, in which fake users broadcast about how they instantly managed to get rich by earning on Forex through SuperForex. Ad accounts showcase expensive cars and real estate, trips to resorts and other manifestations of the rich life.
Fakes guarantee a quick income for which you do not need to learn or put in effort.
If a trader gets in touch with criminals, SuperForex managers report about the reality of instant earnings, and also about some unique features of their programs, which will make it possible to immediately receive a solid profit.
Then all sorts of tricks are used to get as much money from the user as possible. For example, a user can create a fake profit to motivate them to invest more money.
When work on the Forex market is unprofitable, a representative of the organization will recommend transferring more in order to compensate for the losses.
SuperForex employees act according to scripts developed by qualified psychologists. Scammers analyze information about the user in order to act on weak points, to pull out even more investments.
One way or another, all this will come to one of the results:
- When you are about to receive investments before you find yourself in the red, you will be charged fees, banned from using the account, and will do everything to force you to transfer even more;
- If you allow scammers to drive the balance on credit, there will be threats, scammers will start extorting you to pay off the fake loan.
Another way to make a profit for SuperForex can be the transfer of your confidential data to third parties. We think that, after that, comprehensive information about you can be obtained for a moderate amount of money on some anonymous Telegram channel on the shadow Internet.
Most likely, because of this, various bandits, sellers, etc. will spam you more often. In addition, it is worth waiting for calls from SuperForex accomplices who will offer a "return" of lost investments, of course, for payment.
Since SuperForex does not operate in a regulated field and remains incognito, they cannot be made liable under the current laws in England. The heads of the fraudulent company are carefully disguised and, at best, law enforcement agencies will be able to capture one of the "administrators".
Should I trust SuperForex?
Only if you plan to give finances to scammers, then transfer them to a good deed.
Let's briefly list the evidence that says that SuperForex are scammers:
- Lack of official registration;
- No demo period;
- Lack of information about the owners of the organization;
- Phone number found in fraudulent transactions;
- Negative balance;
- Credit ratio greater than one to 50;
- Bad reviews;
- False data on the official website.
This completes the review of SuperForex. It is clear that SuperForex are scammers.