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SuperForex Review

SuperForex review

Overall, SuperForex is considered low-risk, with an overall Trust Score of 87% out of 100SuperForex offers 11 different retail trading accounts as well as Demo and Islamic accounts. SuperForex offers a BWP account to Botswana traders. SuperForex is currently not regulated by the Central Bank of Botswana.

Updated : May 7, 2024

Jump to:

005 regulations book

Overview

005 feature selection

Regulation and Safety of Funds

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Awards and Recognition

007 fees

Account Types and Features

profile

Account Registration

comparison

Broker Comparison

003 responsive design

Trading Platforms

003 stock market

Range of Markets

charge

Fees

001 cash withdrawal

Deposit and Withdrawels

003 research

Education and Research

bonus

Bonuses and Promotions

001 cash withdrawal

Affiliate Programs

customer service

Customer Support

002 affiliate marketing

Social Responsibility

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Overall Rating

Min Deposit

USD 1 / 13 BWP

Regulators

IFSC

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

300

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

The broker is considered low-risk, with an overall Trust Score of 87 out of 100. SuperForex is licensed by zero Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and zero Tier-3 Regulators (low trust).

 

The broker offers eleven different retail trading accounts: a Standard Account, Swap-Free Account, a No Spread Account, Micro Cent Account, Profi STP Account, Crypto Account, ECN Standard Account, ECN Standard Mini Account, ECN Swap-Free Account, ECN Swap-Free Mini Account, and an ECN Crypto Account.

 

The broker attempts to attract as many customers as possible by providing a substantial number of foreign exchange pairings and a similarly substantial number of trading account types.

Market Maker STP accounts had very wide spreads, while the ECN accounts has higher commissions. They are an online broker established in 2013 with the mission of exceeding clients’ expectations by delivering high-quality and innovative online trading services.

 

SuperForex is a worldwide brokerage that provides clients with an extensive selection of over 400 different CFD products that can be traded online using the user-friendly MT4 trading platform.

In addition to that, it operates several subsidiaries in other countries. Over 200,000 customers from more than 150 different nations use there services.

 

SuperForex accepts Botswanan clients and has an average spread from 0.0 pips with 0.013% commission. SuperForex has a maximum leverage ratio of up to 1:2000, and a demo and Islamic account are available.

MetaTrader 4 and SuperForex mobile platforms are supported. SuperForex is headquartered in Belize and is not currently regulated by any known regulatory entities.

 

Distribution of Traders

Distribution of Traders

 

Currently has the largest market share in these countries:

➡️ Tanzania – 12.1%

➡️ Brazil – 8%

➡️ Kenya- 7.03%

➡️ Algeria – 6.69%

➡️ Zimbabwe – 5.98%

 

Popularity among traders 

While SuperForex does not dominate Botswanan’s forex and CFD market, the broker still forms part of the top 35 brokers for the region.

SuperForex At a Glance

🏛 HeadquarteredBelize
🌎 Global OfficesBelize
🏛 Local Market Regulators in Botswana• Ministry of Finance and Economic Development (MFED)
• Bank of Botswana (BoB)
• Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
💳 Foreign Direct Investment in Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2013
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Telegram
• Instagram
• Facebook
• YouTube
• Twitter
• LinkedIn
• Pinterest
⚖️ RegulationNone
1️⃣ Tier-1 LicensesNone
2️⃣ Tier-2 LicensesNone
3️⃣ Tier-3 LicensesNone
🪪 License NumberNone
⚖️ MFED, BoB, or NBFIRA RegulationNone
✔️ Regional RestrictionsUnited States, Ukraine, North Korea
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts11
✔️ PAMM AccountsYes, through SuperForex Bank
💻 Liquidity ProvidersBNP Paribas, Natixis, Citibank, UBS
✔️ Affiliate ProgramYes
📱 Order ExecutionMarket, Instant
📊 Starting spreadNo Spread
📉 Minimum Commission per TradeFrom 0.013%
💰 Decimal PricingNone
📞 Margin Call80%
🛑 Stop-Out40%
📉 Minimum Trade Size1 lot or share
📈 Maximum Trade SizeUnlimited
✅ Crypto trading offered?No
✔️ Offers a BWP Account?Yes, ECN Standard Mini
📉 Dedicated Botswana Account Manager?No
📈 Maximum Leverage1:2000
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)13 BWP or an equivalent of $1
✔️ Botswana Pula Deposits Allowed?No, only USD
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based SuperForex customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Bank Transfers
• South African Bank Transfers
• Southeast Asian Bank Transfers
• Latin American Bank Transfers
• Credit Card
• Debit Card
• UnionPay
• Skrill
• Sticpay
• Neteller
• Triv
• Fasapay
• Perfect Money
• OnlineNaira
• BitWallet
• AstroPay
• MPesa
• Airtel
• MTN
• Vodacom
• Zamtel
• Crypto Wallets
• Local Payments
• SuperForex Money
💻 Minimum Withdrawal TimeInstant
⏰ Maximum Estimated Withdrawal Time2 to 4 working days
💳 Instant Deposits and Instant Withdrawals?Yes
🏛 Segregated Accounts with Botswana Banks?No
📱 Trading Platforms• MetaTrader 4
• SuperForex App
💻 Tradable Assets• Forex
• Precious Metals
• Stocks
• Indices
• Cryptocurrencies
• Commodities
• Energies
• ETFs
• Futures
• Stock CFDs
✔️ Offers USD/BWP currency pair?No
📊 USD/BWP Average SpreadNo
✅ Offers Botswana Stocks and CFDsNo
💻 Languages supported on the WebsiteEnglish, Russian, Arabic, Thai, French, Spanish, Chinese (Simplified), Chinese (Traditional), Italian, Polish, Indonesian, Vietnamese, Portuguese, German, and others.
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportYes, Standard and Swap-Free Accounts
⏰ Customer Service Hours24/7
📞 Botswana-based customer support?No
💸 Bonuses and Promotions for Botswanans?Yes
📚 Education for Botswana beginner tradersYes
📱 Proprietary trading softwareYes
🤝 Most Successful Trader in BotswanaCurrently unknown
✔️ Is SuperForex a safe broker for Botswana Traders?Yes
🎖 Rating for SuperForex Botswana8/10
🥇 Trust score for SuperForex Botswana87%
👉 Open Account👉 Open Account

Regulation and Safety of Funds

Regulation and Safety of Funds

 

Regulation in Botswana

The local market regulators in Botswana are as follows:

➡️ Ministry of Finance and Economic Development (MFED)

➡️ Bank of Botswana (BoB)

➡️ Non-Bank Financial Institutions Regulatory Authority (NBFIRA)

 

Global Regulations

The broker is regulated by the International Financial Services Commission (IFSC) in Belize. However, SuperForex does not provide a license or reference number, and further investigation into the company’s regulatory standing has not provided any clear answers.

A clickable IFSC link on the SuperForex website is nowhere useful in learning about the company’s regulatory standing.

 

Client Fund Security and Safety Features

The broker claims to use “segregated funds” even though it is not regulated. They claim that it does not reinvest any customer funds into the business.

The broker is obligated to provide separate bank accounts for customer funds to be used only for trading purposes. In addition, SuperForex has implemented SSL authentication certificates for customer safety purposes. Client machines and SuperForex servers are both protected in this way.

They advise there clients to review their contact information and verify that they follow AML laws to keep their accounts secure.

In addition, SuperForex requires all clients to provide a government-issued ID card and a utility bill to verify their identity and residence, as detailed in an AML policy document. This verification process is mandatory for all new customers registering with Botswana’s traders.

SuperForex gives its Botswanan clients access to details on their account activity, such as the user’s IP address, the time and date of their most recent login, the platform and browser they used, and so on.

The brokers Client’s Cabinet may be used to keep track of all a client’s credentials. Customers of SuperForex will not be allowed to log in from any device that is not on this approved list.

To further prevent hackers from accessing customers’ accounts, they can construct a list of IP addresses from which they do not want their accounts to be accessed.

 

Is SuperForex regulated, and what measures are in place to ensure the safety of traders’ funds?

The broker is a globally operating broker with regulation by the International Financial Services Commission (IFSC).

 

What steps can traders take to enhance the safety of their funds when trading with SuperForex or any other broker?

These include conducting due diligence on the broker’s regulatory status, reading and understanding the broker’s terms and conditions, using strong and unique login credentials, enabling two-factor authentication, and keeping sensitive account information secure.

Awards and Recognition

Awards and Recognition

 

Superforex provides customers with superior services. Several international Forex authorities evaluating the service supplied by brokerage firms such as the broker hase evaluated the organization.

 

The broker is pleased to report that the brokerage has received recognition for expertise in a few fields:

➡️ Best Crypto Broker (2024) – awarded by Global Business Magazine.

➡️ Best Withdrawal Options (2024) – awarded by the World Financial Award.

➡️ Best ECN broker in 2021, awarded by Global Business Magazine.

 

How can traders benefit from SuperForex’s awards and recognition in their trading decisions?

Awards and recognition in the forex industry can serve as a form of validation for a broker’s services and reputation.

 

Has SuperForex received any awards or recognition for its services in the forex industry?

Yes, the broker has announced that they have been awarded for there excellence in quite a few fields

Account Types and Features

account types

 

The broker offers a diverse selection of account choices to its traders. Botswanan traders must choose the account type that corresponds most closely with their objectives, trading methods, and investment horizons.

 

It is essential to note that each account type has its own set of regulations, trading conditions, and limits. With direct access to the Forex market through ECN accounts, intermediate institutions are unnecessary to facilitate transactions.

 

Consequently, ECN accounts eliminate the need for intermediaries and requotes between market players. As a result, traders in Botswana may expect quick order execution because of this technology and its benefit.

 

Provides the following account types:

➡️ Standard Account

➡️ Swap-Free Account

➡️ No Spread Account

➡️ Micro Cent Account

➡️ Profi STP Account

➡️ Crypto Account

➡️ ECN Standard Account

➡️ ECN Standard Mini Account

➡️ ECN Swap-Free Account

➡️ ECN Swap-Free Mini Account

➡️ ECN Crypto Account

 

💻 Live Account💳 Minimum Dep.📊 Average Spread💸 Commissions💰 Average Trading Cost
Standard13 BWP / 1 USD2 pipsNone20 USD
Swap-Free13 BWP / 1 USD2 pipsNone20 USD
No-Spread1,300 BWP / 100 USD0.1 pips0.017%1 – 5 USD
Micro Cent13 BWP / 1 USD2 pipsNone20 USD
Profi STP6,600 BWP / 500 USD2 pips0.013%1 – 5 USD
Crypto1,300 BWP / 100 USD2 pips0.75%9 USD
ECN Standard1,300 BWP / 100 USD0.0 pips8 to 10 USD8 – 10 USD
ECN Standard Mini13 BWP / 1 USD0.0 pips0 pips0 USD
ECN Swap-Free1,300 BWP / 100 USD0.0 pips10 – 40 USD10 – 40 USD
ECN Swap-Free Mini13 BWP / 1 USD0.0 pips10 – 40 USD10 – 40 USD
ECN Crypto1,300 BWP / 100 USD0.0 pips0.6%6 USD

 

Live Trading Account Details

Standard Account

Regardless of their trading goals or preferences, many Botswanan traders may use this basic account.

Account FeaturesValue
💻 Account Base Currency OptionsUSD, EUR, GBP, RUB, ZAR, NGN, CNY, BDT, INR, THB
💵 Minimum Deposit13 BWP or an equivalent of $1
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:1000
💸 Commissions chargedNone
🔧 Instruments available on this AccountAll
✅ Bonuses offeredAll
📈 Position Size for the Account10,000 USD
🔄 SwapsIncluded
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredIncluded

 

Swap-Free Account

If you are a Muslim and a trader in Botswana, you can open a Swap-Free account and avoid the fees associated with holding overnight positions. This standard STP Islamic Account has wider spreads but zero commission fees.

Account FeaturesValue
💻 Account Base Currency OptionsUSD, EUR, GBP, RUB, IDR, MYR, AED, ZAR, NGN, BDT
💵 Minimum Deposit13 BWP or an equivalent of $1
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:1000
💸 Commissions chargedNone
🔧 Instruments available on this AccountAll
✅ Bonuses offeredAll
📈 Position Size for the Account10,000 USD
🔄 SwapsIncluded
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredIncluded

 

No Spread Account

This account has the tightest spreads and is ideal for algorithmic traders, scalpers, aggressive traders, and other strategies that need quick execution.

Account FeaturesValue
💻 Account Base Currency OptionsUSD, EUR, GBP
💵 Minimum Deposit1,300 BWP or an equivalent to $100
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:1000
💸 Commissions chargedYes, from 0.017%
🔧 Instruments available on this Account• Forex
• Precious Metals
• Stocks
• Commodities
• CFDs
• Futures
✅ Bonuses offeredWelcome, Energy, Hot, Dynamic
📈 Position Size for the Account100,000 USD
🔄 SwapsIncluded
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredNone

 

Micro Cent Account

This account is great for novice traders because of the lower risks associated with the smaller position sizes. In addition, this account is ideal for those who have stopped using a demo account and are now ready to transition to live trading slowly.

Account FeaturesValue
💻 Account Base Currency OptionsUSD, EUR
💵 Minimum Deposit13 BWP or an equivalent of $1
💰 Maximum Deposit40,000 BWP or an Equivalent to $3,000
💳 Maximum Leverage offered1:1000
💸 Commissions charged10,000 USD or EUR Cents
🔧 Instruments available on this AccountForex
✅ Bonuses offeredWelcome, Energy, Hot, Dynamic
📈 Position Size for the Account100,000 USD
🔄 SwapsIncluded
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredNone

 

Profi STP Account

This advanced account is tailored to the needs of traders who want to optimize their returns.

Account FeaturesValue
💻 Account Base Currency OptionsUSD, EUR, GBP, ZAR
💵 Minimum Deposit6,600 BWP or an equivalent to $500
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:2000
💸 Commissions chargedYes, from 0.013%
🔧 Instruments available on this AccountAll except ETFs
✅ Bonuses offeredWelcome, Energy, Hot, Dynamic
📈 Position Size for the Account100,000 USD
🔄 SwapsNo
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredNone

 

Crypto Account

The only objective of this account is to make transactions involving bitcoins easier to complete.

Account FeaturesValue
💻 Account Base Currency OptionsUSD
💵 Minimum Deposit1,300 BWP or an equivalent to $100
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:10
💸 Commissions chargedYes, from 0.75%
🔧 Instruments available on this Account• Forex Major Pairs
• Cryptocurrencies
✅ Bonuses offeredWelcome, Energy, Hot, Dynamic
📈 Position Size for the Account10 BTC
🔄 SwapsNo
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredNone

 

ECN Standard Account

Traders could use the benefits of ECN trading since ECN execution is a standard feature of their accounts. In addition, this is a more advanced trading account, and while commissions are charged, traders can expect lower spreads.

Account FeaturesValue
💻 Account Base Currency OptionsUSD, EUR, GBP
💵 Minimum Deposit1,300 BWP or an equivalent to $100
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:1000
💸 Commissions chargedBetween $8 to $10 on Forex
🔧 Instruments available on this Account• Forex Major Pairs
• Cryptocurrencies
✅ Bonuses offeredWelcome, Energy, Hot, Dynamic
📈 Position Size for the Account100,000 USD
🔄 SwapsIncluded
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredNone

 

ECN Standard Mini Account

This is a wonderful account for traders who desire to evaluate their trading tactics in an environment with reduced risks while experiencing actual market circumstances.

Account FeaturesValue
💻 Account Base Currency OptionsUSD, EUR, GBP, NZD, TZS, UGX, GHS, BWP, MYR, BRL, NGN, ZAR
💵 Minimum Deposit13 BWP or an equivalent of $1
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:1000
💸 Commissions chargedBetween $8 to $10 on Forex
🔧 Instruments available on this Account• Forex
• CFDs
• Precious Metals
• Indices
• ETFs
• Futures
✅ Bonuses offeredWelcome, Energy, Hot, Dynamic
📈 Position Size for the Account10,000 USD
🔄 SwapsIncluded
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredNone

 

ECN Swap-Free Account

This is a standard ECN Islamic account that has been tailored specifically for traders who practice Islam. The ECN Swap-Free account provides Muslim traders who use fast-paced strategies with the benefit of zero-pip spreads.

Account FeaturesValue
💻 Account Base Currency OptionsUSD, EUR, GBP
💵 Minimum Deposit1,300 BWP or an equivalent to $100
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:1000
💸 Commissions charged• $10 on Forex Majors
• $40 on Energies
🔧 Instruments available on this Account• Forex
• CFDs
• Precious Metals
• Indices
• ETFs
• Futures
✅ Bonuses offeredWelcome, Energy, Hot, Dynamic
📈 Position Size for the Account100,000 USD
🔄 SwapsNo
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredNone

 

ECN Swap-Free Mini Account

This trading account caters to Muslim traders in Botswana who are just beginning their careers as investors by providing them with favorable trading conditions and ECN execution.

Account FeaturesValue
💻 Account Base Currency OptionsUSD, EUR, GBP
💵 Minimum Deposit110 BWP or an equivalent of $1
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:1000
💸 Commissions charged$10 on Forex Majors and $40 on Energies
🔧 Instruments available on this Account• Forex
• CFDs
• Precious Metals
• Indices
• ETFs
• Futures
✅ Bonuses offeredWelcome, Energy, Hot, Dynamic
📈 Position Size for the Account10,000 USD
🔄 SwapsNo
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredNone

 

ECN Crypto Account

Only trading in cryptocurrencies with ECN execution is allowed on this account.

Account FeaturesValue
💻 Account Base Currency OptionsUSD
💵 Minimum Deposit1,300 BWP or an equivalent to $100
💰 Maximum DepositUnlimited
💳 Maximum Leverage offered1:10
💸 Commissions chargedYes, from 0.6%
🔧 Instruments available on this Account• Forex Major Pairs
• Cryptocurrencies
✅ Bonuses offeredWelcome, Energy, Hot, Dynamic
📈 Position Size for the Account10 BTC
🔄 SwapsNo
📊 Average Spreads• EUR/USD – 2 pips
• XAU/USD – 7 pips
• XAG/USD – 7 pips
• AAPL – 1 pip
• Brent Crude Oil (BRT) – 2.5 pips
• SPX – 13 pips
• NAS100 – 13 pips
• SVXY.US – 7 pips
✔️ Forex Copy-trading offeredNone

 

Base Account Currencies

SuperForex offers one of the largest selections of base currencies according to the account type traders register. Botswanans can select from these currencies per account type:

💻 Account Type💵 Supported Base Currency
Standard AccountUSD, EUR, GBP, RUB, ZAR, NGN, CNY, BDT, INR, THB
Swap-Free AccountUSD, EUR, GBP, RUB, IDR, MYR, AED, ZAR, NGN, BDT
No Spread AccountUSD, EUR, GBP
Micro Cent AccountUSD, EUR
Profi STP AccountUSD, EUR, GBP, ZAR
Crypto AccountUSD
ECN Standard AccountUSD, EUR, GBP
ECN Standard Mini AccountUSD, EUR, GBP, NZD, TZS, UGX, GHS, KES, MYR, BRL, NGN, ZAR
ECN Swap-Free AccountUSD, EUR, GBP
ECN Swap-Free Mini AccountUSD, EUR, GBP
ECN Crypto AccountUSD

 

Botswanans must note that SuperForex does not offer BWP as a base currency, which could subject traders to currency conversion fees when they deposit or withdraw funds.

 

Demo Account

Demo Account

 

Any customer can sign up for a free demo account now. Using a trial trading account is a wonderful way to evaluate the various trading platforms and put your trading techniques to the test without putting any of your own money at risk.

 

The SuperForex Demo Account offers Botswanan traders the following features:

➡️ Change the account’s base currency from USD to EUR.

➡️ The virtual funding ranges from 500 to 50,000 USD.

➡️ You may trade as little as $0.01 or as much as $100.

➡️ Leverage of up to 1:1000.

➡️ Availability of Swaps.

➡️ The demo account has fixed spreads.

 

Islamic Account

Islamic Account

 

The broker is a viable alternative for Muslim traders since it provides STP and ECN Islamic accounts per Sharia law by being swap-free. SuperForex offers the following Islamic Swap-Free Accounts to Botswanan Muslim traders:

➡️ STP Swap-Free Account

➡️ ECN Swap-Free Account

➡️ ECN Swap-Free Mini Account

 

What are the different types of trading accounts offered by SuperForex, and how do they differ in terms of features and trading conditions?

SuperForex typically offers a range of trading account types to cater to the diverse needs of traders. These accounts may include standard accounts, ECN accounts, and specific account types for different trading platforms.

 

Can traders switch between different account types with SuperForex, and what is the process for changing account types?

SuperForex generally allows traders to switch between different account types if they wish to do so. The process for changing account types typically involves contacting SuperForex’s customer support and requesting the account type change.

How to open an Account with SuperForex in Botswana

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.

 

How to open an Account step 1

 

 

Step 2: Accept 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.

 

How to open an Account step 2

 

 

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.

 

How to open an Account step 3

 

How to open an Account step 3

 

Step 4: Registration Completed

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

 

How to open an Account step 4

 

How to open an Account step 4

SuperForex Vs HFM Vs Alpari – Broker Comparison

🥇 SuperForex🥈 HFM🥉 Alpari
⚖️ RegulationNoneFSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regionsFSC
📱 Trading Platform• MetaTrader 4
• SuperForex App
• MetaTrader 4
• MetaTrader 5
• HF App
• MetaTrader 4
• MetaTrader 5
• Alpari Mobile App
💰 Withdrawal FeeYesNoYes
📊 Demo AccountYesYesYes
📈 Minimum Deposit13 BWP66 BWP66 BWP
📊 Leverage1:20001:10001:1000
📊 SpreadFrom 0.0 pipsFrom 1 pipFrom 0.4 pips
💰 CommissionsFrom 0.013%$3 to $4$1.5
✴️ Margin Call/Stop-Out80%/40%• 40%/10%
• 50%/20%
• 60% to 120%
• 30% to 100%
💻 Order ExecutionMarket, InstantMarket Instant and Market
💳 No-Deposit BonusYesNoNo
📊 Cent AccountsYesNoNo
📈 Account Types• Standard Account
• Swap-Free Account
• No Spread Account
• Micro Cent Account
• Profi STP Account
• Crypto Account
• ECN Standard Account
• ECN Standard Mini Account
• ECN Swap-Free Account
• ECN Swap-Free Mini Account
• ECN Crypto Account
• Micro Account
• Premium Account
• HFcopy Account
• Zero Spread Account
• Auto Account
• Standard Account
• Micro Account
• ECN Account
• Pro Account
⚖️ CBN RegulationNoNoNo
💳 BWP DepositsYesYesYes
📊 Botswana Pula AccountYesNoNo
👥 Customer Service Hours24/524/524/5
📊 Retail Investor Accounts1154
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade SizeNone60 lots250 lots
💰 Minimum Withdrawal TimeInstant10 MinutesInstant
📊 Maximum Estimated Withdrawal Time2 to 4 working days10 business days3 to 5 Business Days
💸 Instant Deposits and Instant Withdrawals?Yes, depositsNoYes

Trading Platforms

Trading Platforms

 

SuperForex offers Botswanan traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ SuperForex App

 

Desktop Platforms

Desktop Platforms

 

Many brokers and traders across the globe use MetaTrader 4 (MT4) since it is a free and extensively utilized professional trading platform. Some key features of the MT4 trading platform include the following:

➡️ You can alter any design aspect, including the look and feel, the interface, the charts, and the windows.

➡️ All investable assets are shown in one of three chart types over nine timeframes.

➡️ It comes with 30 indicators and 24 analysis tools out of the box.

➡️ Traders may automate Forex and CFD trading by creating, evaluating, and using expert advisors (EAs).

➡️ To do historical data-based backtesting on EAs, a strategy tester is employed.

➡️ The ability to place several orders simultaneously, including pending and market orders, is provided.

➡️ Users could choose to get notifications through platform pop-ups, email, or text message.

 

WebTrader Platforms

WebTrader Platforms

 

MetaTrader 4 is a trading platform that provides users with abundant charting, indicator, and analytic tools accessible from any web browser. Additionally, MetaTrader 4 is accessible through any operating system and web browser.

The MetaTrader 4 web client has the same functionality as the native client since it is an integral part of the desktop platform.

Subsequently, the online platform’s dependability and compatibility with the MetaTrader 4 ecosystem are ensured. In addition, this software can send and receive encrypted data safely.

 

Trading App

Trading App

 

➡️ MetaTrader 4

➡️ SuperForex App

 

MetaTrader 4

This MT4 mobile platform is available as an app for iOS and Android. You may get these apps from their respective app stores.

The MT4 mobile app’s features and integration with MT4 accounts are almost comparable to those of the MT4 desktop platform. As a result, traders who are always on the move may reap the benefits of mobile trading software.

 

SuperForex App

SuperForex has created a suite of mobile apps for Botswanan traders to keep them linked to their profession and enable them to make instantaneous trading choices to keep up with the fast-paced financial markets of today.

The SuperForex app development team has allowed traders to do all their trading from their mobile devices, including checking the status of open trades and opening or closing new ones.

 

What trading platforms are available for traders using SuperForex, and do they offer mobile trading options?

SuperForex typically offers a range of trading platforms to accommodate different trading styles and preferences. These platforms may include the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are known for their advanced charting tools and technical indicators.

 

Are there any platform-related fees or limitations when using SuperForex’s trading platforms, and do they provide access to a demo account for practice?

SuperForex’s trading platforms typically do not impose fees for accessing or using the platforms themselves.

Range of Markets

Range of Markets

 

Botswanan traders can expect the following range of markets:

➡️ Forex

➡️ Precious Metals

➡️ Indices

➡️ Cryptocurrencies

➡️ Commodities

➡️ Energies

➡️ ETFs

➡️ Futures

➡️ Stock CFDs

 

Financial Instruments and Leverage offered 

💻 Instrument💵 Number of Assets Offered💸 Max Leverage Offered
Forex84• 1:2000 (Profi-STP)
• 1:1000 (all other accounts)
Precious Metals91:5
Indices191:5
Cryptocurrencies201:5
Commodities61:5
Energies31:5
ETFs231:5
Futures91:5
CFDs901:5

 

Broker Comparison for a Range of Markets

🥇 SuperForex🥈 HFM🥉 Alpari
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsYesNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesYesNo
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

 

What financial markets and instruments are available for trading with SuperForex?

SuperForex typically offers a range of financial instruments across various markets. These may include major and minor currency pairs in the forex market, commodities like gold and oil, indices representing global stock markets, cryptocurrencies, and CFDs (Contract for Difference) on stocks and other assets.

 

Do traders have access to leverage when trading with SuperForex, and are there any limitations or considerations regarding leverage in different markets?

SuperForex typically offers leverage options to traders, allowing them to amplify their trading positions. However, the leverage levels and specific conditions can vary depending on the chosen account type and the regulatory requirements of the trader’s location.

Trading and Non-Trading Fees

 trading fees

 

Spreads

Traders should expect spreads from SuperForex to change based on the financial instrument being dealt with, the current state of the market, and the specifics of the transaction being made. SuperForex gives traders a complete rundown of all the spreads they can use for their accounts.

 

Average EUR/USD spreads per account type are shown below:

➡️ Standard Account – Fixed, 2 pips

➡️ Swap-Free Account – Fixed, 2 pips

➡️ No Spread Account – Fixed, 0.1 pips

➡️ Micro Cent Account – Fixed, 2 pips

➡️ Profi STP Account – Fixed, 0.1 pips

➡️ Crypto Account – Fixed, 2 pips

➡️ ECN Standard Account – Variable, from 0.0 pips

➡️ ECN Standard Mini Account – Variable, from 0.0 pips

➡️ ECN Swap-Free Account – Variable, from 0.0 pips

➡️ ECN Swap-Free Mini Account – Variable, from 0.0 pips

➡️ ECN Crypto Account – Variable, from 0.0 pips

 

Commissions

superforex commisions

 

In certain cases, commissions could be applied to SuperForex accounts and financial products. Only the following accounts incur fees, even though most do not:

➡️ No Spread Account – form 0.017%

➡️ Profi STP Account – from 0.013%

➡️ Crypto Account – from 0.75%

➡️ ECN Standard Account – Between $8 to $10 on Forex

➡️ ECN Swap-Free Account – Between $10 on Forex Majors and $40 on Energies

➡️ ECN Swap-Free Mini Account – Between $10 on Forex Majors and $40 on Energies

➡️ ECN Crypto Account – From 0.6%

 

Overnight Fees, Rollovers, or Swaps

no fees program

 

For a select few accounts and only on certain currency pairs, SuperForex charges overnight costs. For a couple of the available currency pairings, Botswanans should expect the following average overnight fees:

➡️ EUR/USD – a long swap of -0.018 and a short swap of 0.006

➡️ USD/CAD – a long swap of -0.29 and a short swap of 0.18

➡️ AUD/CHF – a long swap of 0.52 and a short swap of -0.63

➡️ CHF/JPY – a long swap of -0.06 and a short swap of -0.06

➡️ USD/ZAR – a long swap of -1.115 and a short swap of 0.545

 

Deposit and Withdrawal Fees

deposits and withdrawals

 

The broker does not have any costs associated with making a deposit. However, the following fees apply when making a withdrawal:

➡️ Bank Transfers (All) – 3% along with 35 USD

➡️ South African Bank Transfers – from 1.4% to 3.8%

➡️ Southeast Asian Bank Transfers – 3%

➡️ Latin American Bank Transfers – $5

➡️ Credit and Debit Card – 3% + 10 USD

➡️ UnionPay – 3%

➡️ Skrill – 1 USD if the withdrawal amount is less than 50 USD, 1.5% if the withdrawal amount is more than 50 USD

➡️ Neteller – 2%

➡️ Sticpay – 2.5% + $0.3

➡️ Triv, Fasapay, and Perfect Money – 0.5%

➡️ OnlineNaira – 2%

➡️ BitWallet – 4%

➡️ AstroPay – 5%

➡️ MPesa, Airtel, MTN – 3%

➡️ Crypto Wallets – 5%

➡️ Local Payments – Local Bank Wire Fees

 

Inactivity Fees

 does not charge any fees when the trading account goes dormant.

 

Currency Conversion Fees

Because SuperForex does not accept BWP as a base currency for a retail account, Botswanan traders who deposit or withdraw in their local currency could face currency conversion fees.

 

What are the typical trading fees associated with SuperForex, such as spreads and commissions, and do they vary across different account types or trading platforms?

The broker typically charges trading fees in the form of spreads and, in some cases, commissions. Spreads can vary depending on the currency pair or financial instrument being traded and may differ between account types and trading platforms.

 

Are there any non-trading fees that traders should be aware of when using SuperForex’s services, such as deposit or withdrawal fees, account inactivity fees, or conversion fees for different currencies?

The broker may impose non-trading fees that traders should consider. These fees can include deposit and withdrawal fees, although they often vary depending on the payment method chosen.

Deposits and Withdrawals

Deposits and Withdrawals

 

SuperForex offers the following deposit and withdrawal methods:

➡️ Bank Transfers

➡️ South African Bank Transfers

➡️ Southeast Asian Bank Transfers

➡️ Latin American Bank Transfers

➡️ Credit Card

➡️ Debit Card

➡️ UnionPay

➡️ Skrill

➡️ Sticpay

➡️ Neteller

➡️ Triv

➡️ Fasapay

➡️ Perfect Money

➡️ OnlineNaira

➡️ BitWallet

➡️ AstroPay

➡️ MPesa

➡️ Airtel

➡️ MTN

➡️ Vodacom

➡️ Zamtel

➡️ Crypto Wallets

➡️ Local Payments

➡️ SuperForex Money

 

Broker Comparison: Deposit and Withdrawals

🥇 SuperForex🥈 HFM🥉 Alpari
Minimum Withdrawal TimeInstant10 MinutesInstant
Maximum Estimated Withdrawal Time2 to 4 working days10 business days3 to 5 Business Days
Instant Deposits and Instant Withdrawals?Yes, depositsNoYes

 

Payment Method, Accepted Currencies, Fees, Processing Times

💳 Payment Method💵 Accepted Currencies💳 Withdrawal Processing💰 Deposit Processing Time💸 Withdrawal Processing Time
Bank TransfersAll3% + 35 USD2 – 4 days2 – 4 days
South African Bank TransfersZAR1.4% – 3.8%Instant2 – 4 days
Southeast Asian Bank TransfersIDR, MYR, THB, VND3%Instant1 – 3 days
Latin American Bank TransfersBRL, MXN5%Instant1 – 3 days
Credit CardAll3% + 10 USDInstant2 – 4 days
Debit CardAll3% + 10 USDInstant2 – 4 days
UnionPay CNY3%Instant1 – 4 hours
SkrillUSD, EUR<50USD - $1
>50 USD – 1.5%
Instant1 – 3 hours
SticpayUSD2.5% + 0.3 USDInstant1 – 3 hours
NetellerUSD, EUR2%Instant1 – 3 hours
TrivIDR0.5%Instant1 – 3 hours
FasapayUSD, IDR0.5%Instant1 – 3 hours
Perfect MoneyUSD, EUR0.5%Instant1 – 3 hours
OnlineNairaNGN2%Instant1 – 3 hours
BitWalletJPY, USD, EUR4%Instant2 – 4 hours
AstroPayUSD5%Instant2 – 4 days
MPesaBWP3%Instant1 – 4 hours
AirtelTZS3%Instant1 – 4 hours
MTNUGX, GHS, RWF3%Instant1 – 4 hours
VodacomZMWInstant1 – 4 hours
ZamtelZMWInstant1 – 4 hours
Crypto WalletsBTC, LTC, DOGE, PPC, DASH, RDD, ZEC, BLK, USDT5%Instant1 – 3 hours
Local PaymentsMYR, IDR, NGN, BWP, ZWD, NAD, IRRLocal wire feeInstant1 – 3 hours
SuperForex MoneyUSD, MYR, IDR(+7% Discount)Instant1 – 3 days

 

What deposit methods are available for funding a SuperForex trading account, and are there any associated fees or processing times?

The broker typically offers a variety of deposit methods to accommodate traders from different regions. These methods may include bank wire transfers, credit/debit card payments, electronic wallets like Skrill and Neteller, and cryptocurrency deposits.

 

What is the process for withdrawing funds from a SuperForex trading account, and are there any withdrawal limits or fees to be aware of?

The withdrawal process from the trading account typically involves a straightforward procedure. Traders can log in to their account, navigate to the withdrawal section, and select their preferred withdrawal method.

How to Deposit Funds with SuperForex

In this step-by-step guide you will learn how to make deposits to and withdrawals from your
SuperForex account.

 

Step 1: Log In
First you need to head over to the Client’s Cabinet and log into the account you would like to
charge with money or withdraw funds from. Once inside the Cabinet, navigate to the Financial Operations menu on the left where you can see
the options Deposit Money and Money Withdrawal.

 

How to Deposit Funds step 1

 

Step 2. Make a Deposit

To make a deposit, click on Deposit Money. This will take you to a page that contains all of our supported payment systems. It is up to you to decide what deposit method you would like to choose. When you select a method, click on the green Deposit button.

 

How to Deposit Funds step 2

 

Step 3. Deposit Money
This will take you to a more detailed overview of the selected payment system where you can learn more about it. Specify the amount you would like to deposit in the Deposit Details field below, then press Deposit Money.

 

How to Deposit Funds step 3

 

This will take you to the relevant webpage for that payment system where you can complete the
transaction. 

Fund Withdrawal Process

To withdraw funds from an account with SuperForex, Botswanan traders can follow these steps:

 

Step 1. Withdraw Button

To make a withdrawal, go to Money Withdrawal. This will take you to a page that contains all of our supported payment systems. It is up to you to decide what withdrawal method you would like to use. When you select a method, click on the green Withdraw button.

 

Fund Withdrawal Process step 1

 

Step 2. Withdraw Money
Similar to the deposits page, pressing Withdraw will offer more information for the payment system and ask you to specify the withdrawal amount. Once you fill in the withdrawal amount and
press Withdraw Money, you will be redirected to the relevant webpage to complete the transaction. Please note that you need to complete each transaction via the relevant webpage of the payment system you are using, so make sure to always follow the steps to the end.


Fund Withdrawal Process step 2

Education and Research

education

 

Education

Offers the following Educational Materials:

➡️ Training Centre

➡️ Seminars

➡️ Educational Videos

➡️ Glossary

➡️ Pattern Graphix

 

Research and Trading Tool Comparison

🥇 SuperForex🥈 HFM🥉 Alpari
➡️ Economic CalendarYesYesYes
➡️ VPSNoYesNo
➡️ AutoChartistNoYesNo
➡️ Trading ViewNoNoNo
➡️ Trading CentralNoNoNo
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes

 

 Also offers Botswanan traders the following additional Research and Trading Tools:

➡️ Technical Analysis

➡️ Economic News

➡️ Fundamental Analysis

➡️ Video Analysis

➡️ Weekly Review

 

What educational resources does SuperForex provide to help traders improve their skills and knowledge in forex trading?

The broker typically offers a range of educational materials and resources to assist traders in enhancing their trading skills. These resources may include educational articles, video tutorials, webinars, trading courses, and a dedicated learning center.

 

Does SuperForex provide market research and analysis tools to help traders make informed trading decisions?

The broker often offers market research and analysis tools to  help traders stay informed about market trends and make well-informed trading decisions. These tools may include daily market analysis, economic calendars, technical analysis reports, and forex news updates.

Bonuses and Promotions

Bonuses

 

 Offers Botswanan traders the following bonuses and promotions:

➡️ Welcome Bonus of 50% with every deposit

➡️ 300% hot Bonus when traders deposit $100 or more

➡️ An Easy Deposit Bonus of up to 3,000% on all deposits up to $750

➡️ A no-deposit bonus of $88

➡️ 60% Energy Bonus on each deposit made

➡️ Gold Rush Contest

➡️ Bitcoin Mania Contest

➡️ Auto Reset Balance offer

➡️ Interest Rate on Equity Offer

➡️ Membership Club Promotion

➡️ Account Packages Promotion

 

What types of bonuses and promotions does SuperForex offer to traders, and how can traders participate in them?

The broker often provides a variety of bonuses and promotions to enhance the trading experience for its clients. These promotions may include deposit bonuses, no-deposit bonuses, and special trading contests.

 

Are there any conditions or requirements associated with SuperForex’s bonuses, such as trading volume targets or time limitations?

Yes, the broker typically imposes certain conditions and requirements on its bonuses and promotions. These conditions may include trading volume targets that traders must meet before they can withdraw bonus funds.

How to open an Affiliate Account with SuperForex

partnership program

 

To register an Affiliate Account, Botswanan traders can follow these steps:

➡️ If you are interested in being an affiliate for SuperForex, visit the official website and click on the “Partners” tab.

➡️ By clicking “Partnership Program” and “Become a Partner,” prospective affiliates could learn more about the affiliate program and sign up.

➡️ Botswanans interested in becoming affiliates must first register on the website by filling out a brief registration form that requests personal information such as name, email, address, and cellphone number.

➡️ After application completion, Botswanans may use affiliate links, banners, products, presentations, and live websites to begin promoting their business immediately.

 

Affiliate Program Features

Customers could expand their companies by referring the broker’s complete trading services to their networks via the Affiliate and Partnership Program. For example, SuperForex offers generous commissions to its affiliates who bring in new customers.

SuperForex provides its Botswanan clients with several useful resources, such as a custom-designed website, various engaging promotional materials, and an affiliate connection that gives affiliates access to detailed information on their Botswanan partners.

 

Furthermore, the Golden Challenge is always open to new business partners. The following are some of the benefits of participating in the SuperForex Affiliate Program:

➡️ Payment of commissions equals 75% of the spread.

➡️ A plethora of advertising options.

➡️ Private Affiliate Managers are Available.

➡️ Ease of getting refunds in your account automatically.

➡️ New customers may take advantage of a fully transferable 100% incentive.

➡️ Multi-Level Partnerships, Introducing Brokers and Regional Representatives are just some of the affiliate options you can access.

➡️ Availability of in-depth data and pre-built, compatible partner sites.

Customer Support

During market hours, the client service desk of the broker is open 24 hours per day, seven days per week.

In addition, they have included a Frequently Asked Questions (FAQs) area for website users to search for solutions to potential questions before contacting them.

Fill out the website’s ‘call back’ form if you would like to be contacted by the support desk. A support person will contact you at your leisure.

The quickest method to get assistance is via the website’s immediate chat feature. Yahoo messenger, WhatsApp, Skype, Telegram, and WeChat are additional chat choices.

You may also access assistance by email or phoning the international support helpline. In addition, SuperForex is present on Meta, YouTube, Twitter, LinkedIn, and Instagram.

 

Customer SupportSuperForex’s Customer Support
⏰ Operating Hours24/5
🗣 Support LanguagesMultilingual
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Botswana?No
🥇 Overall quality of SuperForex Support4/5

Corporate Social Responsibility

The broker hopes to demonstrate to its Botswanan clientele an aspect of its business not often emphasized in the broker’s marketing efforts: the significance of its social responsibility program.

SuperForex is a global leader in the financial brokerage industry due to its innovative and ever-evolving services. However, the company would rather put its success to effective use.

The broker is not oblivious to the hardships endured by individuals everywhere. For this reason, the broker tries to work with other organizations and provide time, energy, and money to charitable causes that aid the underprivileged worldwide.

 

In the past, SuperForex has been involved in a variety of projects, including but not limited to the following:

➡️ Christmas Giving in 2021 in Lagos, Nigeria

➡️ Helping orphanages in Sumatera Utara, Indonesia

➡️ Helping orphans in Songea, Tanzania

➡️ Charity events in Nairobi, Botswana

➡️ Charity initiatives in Bangladesh

➡️ Charity events in Malang and several other areas around the globe

Our Verdict 

SuperForex is an excellent choice for anyone who wants easy access to a wide range of currency pairs under favourable trading conditions.

In addition, SuperForex offers a few account types, allowing each trader to choose the best one for their background, investment amount, and trading experience.

You can access a range of easy, quick, and simple payment options to meet consumers from diverse countries with varied needs. In addition, the broker’s provision of market information and educational materials demonstrates its commitment to aiding traders.

Managed portfolios offered by SuperForex bank and Forex Replicate are designed for traders and investors looking to duplicate or give trading signals.

However, while SuperForex has a unique and attractive offer, Botswanans must practice due diligence because SuperForex’s IFSC regulation cannot be confirmed.

Pros and Cons

✔️ Pros❌ Cons
SuperForex offers several trading tools and managed accounts via SuperForex BankSuperForex’s IFSC regulation cannot be verified on the market regulator’s website
Social trading is available through Forex CopyBWP is not a supported base currency for any of the trading accounts
There are eleven trading accounts to choose from and dedicated Islamic AccountsWithdrawal fees are charged across several payment options
There are free demo accounts offered for practice tradingFIX API solutions are not offered
Commission-free options are offered across several account typesMetaTrader 5 is not provided
There is an ultra-low minimum deposit of 1 USD with leverage up to 1:2000 (on the Profi-STP Account)
There are tight spreads from 0.0 pips on major instruments such as EUR/USD
There are several markets to choose from, including cryptocurrencies

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Conclusion

Now it is your turn to participate:

➡️ Do you have any prior experience with SuperForex?

➡️ What was the determining factor in your decision to engage with SuperForex?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?

➡️ Have you experienced any issues with SuperForex, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

Regardless, please share your thoughts in the comments below.

Frequently Asked Questions

Is SuperForex regulated?

SuperForex claims to be regulated by the IFSC in Belize. However, this cannot be verified from the official website of the market regulator.

 

How long will it take to withdraw funds from SuperForex?

Several withdrawal options, including Skrill, Neteller, Triv, Fasapay, Perfect Money, MPesa Botswana, Airtel, MTN, Vodacom, Zamtel, Crypto Wallets, and local payments, have an hour-to-three-hour minimum withdrawal period.

 

Does SuperForex have Volatility 75?

SuperForex does not offer VIX as part of its comprehensive trading portfolio.

 

Does SuperForex have Nasdaq?

NASDAQ, SPX, Dow Jones, and many more are just a few of the tradable instruments found in SuperForex’s extensive trading portfolio, including more than 300 currency pairs, futures, shares, stock indices, and numerous others.

SuperForex gives you the ability to trade a wide variety of products, as well as to hedge your bets and diversify your portfolio.

 

Does SuperForex have a no-deposit bonus?

SuperForex offers an array of bonuses, including an 88 USD no-deposit bonus when traders register a real trading account for the first time.

 

Can I trust SuperForex?

SuperForex has a high trust score and is considered minimal risk. However, traders must conduct extensive research on any broker before they choose to invest real money with any broker, including SuperForex.

 

What is the minimum deposit for a SuperForex account?

The minimum deposit for a SuperForex account is 1 USD or 13 BWP.

Addendum/Disclosure:

No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

9.5/10 - (2 votes)

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