SuperForex-Overview of Minimum Deposit, Spreads & Leverage

BASIC INFORMATION:

SuperForex is a multi-asset online securities and derivatives broker offering 400+ instruments on the MetaTrader 4 platform with ECN and STP execution account types. SuperForex was founded in 2013 with a mission to make forex accessible and integrated into day-to-day lifestyle operations. Today, the broker operates in 150+ countries across the globe from headquarters in Belize. Office presence can be found across the world, including in Zambia, Malaysia, Indonesia, Zimbabwe and South Africa.

REGULATORY INFROMATION: LICENSE

No valid regulatory information

Please be aware of the risk!

MARKETS

SuperForex offer clients investment and trading asset opportunities in the following markets:

· Forex – 100+ currency pairs, major, minor and exotics

· Commodities – speculate on precious metals like gold and oil

· Indices – trade global indices including FTSE 100, DowJones, Nasdaq and S&P

· Cryptocurrencies – 10 popular digital currency USD pairs including Bitcoin, Ethereum and Litecoin

· Stocks – trade shares of some of the worlds top companies including Amazon, Apple, Tesla and IBM

TRADING FEES

Spreads offered by the broker vary depending on account type. These are fairly competitive vs similar brokers. ECN accounts benefit from floating spreads with direct market execution. Typical spreads on the STP standard account were USD/EUR 3 pips, USD/CAD 3.5 pips and GBP/JPY 6.5 pips. XAU/GBP was offered at 8 pips. Commission applies on the Profi STP account, including a $21.50 trade fee on some instruments. The broker charges swap rates for positions held overnight

LEVERAGE

SuperForex leverage rates also vary by account type, with rates going up to 1:2,000. This is very high so we would recommend implementing careful risk management strategies if using such high leverage. Crypto trading is only offered to a maximum leverage rate of 1:10.

ACCOUNT TYPES

SuperForex offers several real account types with either ECN or STP execution. Each account has different trading conditions, suitable for different strategies. Base currencies vary but include USD, EUR, GBP and ZAR account options reducing the need for sometimes costly exchanges.

ECN Execution

· Standard – $1/€1/£1 minimum deposit, $100,000 lot size, floating spreads

· Swap-Free – $1/€1/£1 minimum deposit, $100,000 lot size, floating spreads

· Standard Mini – $1/€1/£1 minimum deposit, $10,000 lot size, floating spreads

· Swap-Free Mini – $1/€1/£1 minimum deposit, $10,000 lot size, floating spreads

· Crypto – $100 minimum deposit, 10 BTC lot size, floating spreads, USD account currency only

STP Execution

· Crypto – $100 minimum deposit, 10 BTC lot size, fixed spreads, USD account currency only

· Standard – $1/€1 minimum deposit, $10,000 lot size, fixed spreads, forex copy included

· Profi STP – $500 minimum deposit, $100,000 lot size, 0 spreads, USD/EUR/GBP/ZAR account currencies only

· No Spread – $100/€100 minimum deposit, $100,000 lot size, 0 spreads, USD/EUR/GBP account currencies only

· Swap-Free – $1/€1 minimum deposit, $10,000 lot size, fixed spreads, forex copy included

· Micro Cent – $1/€1 minimum deposit, $3000/€3000 maximum deposit, 10,000 cents lot size, fixed spreads, USD/EUR account currencies only

PAYMENT METHODS

Deposits

Minimum deposit requirements vary, though the lowest limit is $1/£1/€1. SuperForex does not charge a fee for any deposit payment methods, although third-party bank charges or exchange fees may apply. Accounts may be opened in a range of base currencies. Payment method options include:

· Bank Wire Transfers – 2–4-day processing time

· Credit/Debit Cards – Instant processing. Includes Visa and Mastercard

· SuperForex Money – Instant processing. 7% discount as deposit cashback

· Electronic Payments – Instant processing. E-wallets including Skrill, Netller, Sticplay and Perfect MOney

· Local Payments – Instant processing. Transfer currencies include MYR, IDR, ZWD and NAD

· Cryptocurrencies – Instant processing. Accepted coins include Bitcoin, Dogecoin and Litecoin

Note that some methods may only be available in certain jurisdictions.

Withdrawals

SuperForex withdrawal charges do apply, varying by transaction method. Minimum withdrawal limits are applicable on some methods. Verified accounts will require a withdrawal pin code to be entered before funds can be removed from a live account.

· Cryptocurrencies – 1-3 hours processing time. 5% commission

· SuperForex Money – 1-3 business days processing. No commission

· Local Payments – 1-3 hours processing time. Local bank wire fees apply

· Electronic Payments – 1-3 hours processing time. Various commissions and fees applicable

· Credit/Debit Cards – 1-3 hours processing time. 3% commission +$7. Minimum withdrawal $20

· Bank Wire Transfers – All account currencies 2-4 business days withdrawal processing time, 3% commission +$35

DEMO ACCOUNT

A free demo account is available via the brokers website in USD or EUR currencies.

TRADING PLATFORMS

· Meta Trader 4

TRADING HOURS

Superforex follows standard office hours, available 07:00 to 17:00 GMT, and 24-hour trading hours Monday-Friday, though these timings may vary by instrument.

CUSTOMER SUPPORT

SuperForex offers several customer contacts options:

· Telephone – +442045771579

· Email – support@superforex.com

· Live Chat – logo located bottom right of each webpage

· Social Media – including Whatsapp, Twitter and Facebook

ACCEPTED COUNTRIES

Superforex accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders cannot use Superforex from Ukraine, United States