SuperForex Review - Forex Scams
Broker SuperForex, which operates in England, is considered a scammer with an unclean reputation.
If we go to the official website of SuperForex - Superforex.com, we will find that our company offers intermediary services for working on the Forex financial market in England. SuperForex also provides services for financial transactions.
We examined the SuperForex website, got acquainted with the working conditions, tried to get demo access to the programs, examined the availability of documents, the place of residence of the organization.
With the help of this information, we will find out: Is SuperForex a scam or not?
In addition, we will explain to you how not to fall for the bait of criminals, about their methods of action. We will give you all the necessary data to keep your investment safe.
SuperForex organization based in offshore country
A serious call, which indicates that SuperForex is bandits - the region of registration. The organization is officially registered in the Marshall Islands, which is already suspicious, since the company operates in the UK. Offshore countries are popular with scammers due to the lack of legislation and executive power.
In addition, this region does not have the rights to work on the Forex financial market.
Also, when our employees tried to find out the legal address, information about the owners and management of SuperForex, they could not find anything.
This suggests that Superforex.com is a criminal online broker, interaction with which will result in serious financial losses.
No SuperForex Owner Information Found
After examining the site, our experts have not been able to find plausible information about the directors of SuperForex. No legal address, no phone numbers or other means of communication.
We assume that this means that the leaders are trying to hide themselves in order to avoid responsibility for crimes. Even if one of the employees of SuperForex is found out, then everything will end there, and the leaders of the shadow company will remain at large with money.
SuperForex, website - SuperForex, is valid for less than a month
The Superforex.com website talks about a lot of Forex experience.
The main method of studying any official site is to obtain data about the domain name. Basically, they contain the lifetime of the domain, data for the owner's connection.
In this case, the Superforex.com domain name works for less than thirty days, and the data about the person who owns it is hidden. Another evidence that SuperForex director is trying to remain anonymous.
This desire can be supported, but not in those cases when it comes to a company working as an intermediary between the user and Forex.
At the same time, SuperForex themselves assure their users that they have been successfully operating in the Forex market for many years.
Superforex.com does not have a demo period
It is a common practice for online brokers to provide traders with a demo version of their software so that they can familiarize themselves with the interface, to test the possibilities in Forex trading with fake money.
Unfortunately, on the official website of Superforex.com, we could not find information about the trial period, the ability to test the software.
We assume that the management of the SuperForex organization is most likely not going to give traders test access to the software, since someone might start to suspect something was wrong.
Internet broker SuperForex works with a negative account
Legal firms that operate in the Forex market do not use a negative balance in their activities. By law, a broker user cannot spend more now on his balance. In those situations when the account goes into a negative value, the loan must be repaid not by the client, but by the company that provided its services.
In accordance with this, honest Internet brokers do not use a negative balance in their activities.
However, Superforex.com offers its clients to work with a negative account, that is, on credit.
Why is it necessary?
To drive the user into debt and start demanding debt from him. This is one of the most commonly used methods of deception used by criminals.
If this happens, you need to know that scammers have no way to get money under UK law. All methods of influencing you are illegal. The most that the bandits are capable of is calling, writing messages with threats.
It is impossible to cooperate with SuperForex, as the agreements will result in losses.
Superforex.com operate with a leverage of one in four hundred or more
Already, it becomes clear that SuperForex are bandits. However, let us point out one more fact, namely the presence of an excessively large credit ratio.
Credit leverage is the ratio of funds of users and brokers at the conclusion of a trading operation. It allows users who do not have large amounts of money with them to make large trading operations.
In order to protect traders in the Forex market, in developed regions, laws provide for the use of leverage with the highest ratio of one to thirty, sometimes 50.
At the same time, SuperForex uses a credit ratio of 1 to 400 for trading on the Forex financial market.
This ratio is allowed in Switzerland, since organizations registered in this country enjoy considerable confidence. However, SuperForex is not registered in this country.
As such, SuperForex is not authorized to trade in the Forex market with such a credit ratio due to the high risk to clients. Actually, this is done to force the user not only to give away as much of his money as possible, but also to drive him into debt.
Local subdivisions of SuperForex
It is considered prestigious for any financial organization to have local offices in developed countries, even if the work is carried out only in England. Therefore, SuperForex says that in addition to a significant number of bonuses, there are local representative offices in the UK, Australia and other civilized regions, and in addition about a large number of experienced employees.
Checking the reality of these representations is quite simple. Since there are specialized organizations that control the actions of online brokers. In the UK it's FCA, in Australia it's ASIC.
Accordingly, the official organization must have supporting documents from these or other organizations that will prove their authorized right to provide Forex trading services, determine the degree of responsibility.
However, having studied specialized websites, we could not find them. Which once again confirms the fears.
For registration on Superforex.com, you need to transfer personal data
As we mentioned earlier, SuperForex does not have a trial period and, accordingly, in order to gain access, you must immediately pay the minimum payment to SuperForex scammers. Also, it is possible to create a Superforex.com personal account only after passing the identity verification.
This means that SuperForex requires its users to provide such information as:
- Information about an individual (passport, driver's license, etc.);
- Information about the permanent place of residence (receipt for a communal apartment);
- Data about the place of work, qualifications, experience.
In addition, during the initial transfer, scammers can gain access to card data.
As a result, this information may enable fraudsters to make a loan to a gullible trader, or to carry out other illegal activities.
Since registration on the official website of Superforex.com requires the transfer of your personal information, our experts could not get access to the SuperForex personal account and Forex trading applications.
Reviews about SuperForex
An important point of exposing SuperForex is the analysis of user reviews.
A detailed analysis of the search results on the Internet allowed us to obtain the following data:
- Most of the references to SuperForex on the Internet are lies. These are the same type of positive reviews of the paid type;
- All real reviews about SuperForex are negative. Our experts couldn't find any mentions and comments from Superforex.com users, which would talk about big earnings, successful trading.
- Bad reviews and references are associated with illegal activities, theft of finances, creation of credit.
In accordance with this, reviews of SuperForex indicate that the Internet broker in question is a criminal.
Contact details and official documents of SuperForex
Analyzing the information on Superforex.com, our employees saw a lot of dubious digital official papers, which can be easily done with the help of a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If the broker is not associated with regulatory companies, then traders simply have nowhere to turn for help.
On the "Contacts" page, our experts found a phone number. It turned out that it had already been used by an illegal internet 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 the financial market Forex online broker? Make sure you can take money from him.
After analyzing the user agreement on the official website of SuperForex, our experts did not find clear information about the methods of withdrawing earnings. At the same time, our experts saw a description of the fees for a long period of inactivity of the account, but did not find information about their amounts. Since the criminals do not operate in the legal field, it will not be possible to challenge these fees.
That is, even if the trader has completed work with SuperForex, they can start calling and sending messages demanding to pay off the fine.
How does SuperForex work?
The method of searching for users that SuperForex uses also raises concerns.
For promotion, fake social media accounts are used, in which fake bloggers spread information about how they instantly managed to make a profit by earning on Forex with the help of SuperForex. Fakes show expensive cars and real estate, trips to resorts, and other indicators of a rich life.
They guarantee instant income growth, for which you do not need to study or make efforts.
When a potential client gets in touch with scammers, SuperForex employees talk about the reality of instant earnings, as well as about some unique features of their services that will allow you to quickly earn big money.
Then various manipulations go into work, allowing you to get as much finance as possible from the client. For example, a user can be created fake profits to inspire them to give even more deposits.
If trading on the Forex market turns out to be negative, the personal manager will recommend transferring more to close the losses.
SuperForex employees work according to the methods created by professional psychologists. They study information about the trader in order to influence specific places, to get more money.
In any case, all this will come to one end:
- When you are about to withdraw investments before you find yourself in debt, you will draw fees, freeze assets, and do everything to force you to transfer more;
- When you give the bandits the opportunity to drive the account into debt, threats will fall, the bandits will demand to pay off the fictitious debt.
An additional method to earn money for SuperForex can be the sale of your personal data to third-party organizations. We assume that, after that, comprehensive information about you will be available for a moderate amount of money on an anonymous service on the dark web.
Most likely, as a result of this, all kinds of bandits, sales managers, etc. will begin to write to you more often. You can also expect messages from SuperForex accomplices, who will offer to "receive" lost deposits, of course, for a fee.
Since SuperForex does not work in a regulated field and remains incognito, they cannot be forced to respond under the current legislation in England. The organizers of the criminal organization are carefully hiding and, at best, law enforcement agencies will be able to figure out one of the "workers".
Can SuperForex be trusted?
In no case!
Only if you plan to give money to scammers, then give it to a good cause.
Let's briefly voice the evidence saying that SuperForex are scammers:
- Lack of official registration;
- No trial period;
- Lack of information about the owners of the company;
- Phone number found in fraudulent schemes;
- Negative balance;
- Leverage more than one to 50;
- Bad reviews;
- Invalid data on the website.
Detailed review of SuperForex is over. It is obvious that SuperForex are criminals.