SuperForex are scammers. Forex Broker Review
By The Forex Review - 17 / April / 22 457
Dominick Bell
The broker SuperForex, which operates on the territory of Britain, is considered a scammer with an unclean reputation.
If we go to the official website of SuperForex - Superforex.com, we will find out that this firm offers intermediary services for Forex trading operations in England. In addition, SuperForex provides services for financial transactions.
We analyzed the SuperForex website, got acquainted with the working conditions, made a ride to get at least test access to the services, looked at the existence of official documents, the region of registration of the organization.
With the help of the received data, we will find out: is SuperForex a scam or not?
In addition, we will tell you how not to fall for the bait of criminals, about their operation algorithms. We will provide the necessary data in order to save finances safely.
SuperForex is offshore
The first sign that SuperForex is a scammer is the country of registration. The company is officially registered in the Marshall Islands, which is already in doubt, since the company operates in the UK. Offshore regions are popular with scammers due to the lack of laws and oversight.
Moreover, this region does not have the authority to operate in the Forex financial market.
Also, when our experts tried to find the legal address, information about the owners and directors of SuperForex, they could not find anything.
This hints that Superforex.com is a fake Internet broker, interaction with which will result in serious financial losses.
Unable to find data on SuperForex owners
After analyzing the website, our specialists could not find any plausible information about the organizers of the organization Superforex.com. No physical address, no phone numbers or other methods of contact.
We assume that this means that the directors are trying to hide information about themselves in order to avoid responsibility for their actions. And even if you manage to contact one of the employees of SuperForex, then everything will end with this, and the leaders of the criminal company will remain at large.
SuperForex, website - Superforex.com, is less than 30 days old
The official website of Superforex.com talks about the great experience of operations in the Forex market.
The most common method for checking any site is to obtain data about the domain name. As a rule, they fix the period of operation of the domain, the contact information of the owner.
In this case, the SuperForex domain name exists for less than one month, and the data on the legal or natural person owning it is hidden. Another proof that SuperForex organizers are trying to remain incognito.
This desire can be supported, but not when it comes to a financial company working as an intermediary between a client and the Forex financial market.
At the same time, Superforex.com assures its potential users that they have been effectively operating in the Forex market for many years.
Superforex.com has no demo period
It is a common practice for Internet brokers to give their clients a demo version of the software so that they get acquainted with the interface, try out their skills in Forex operations with virtual money.
Unfortunately, on the Superforex.com website, we could not find any information about the demo period, the opportunity to try the program.
We think that the organizers of the Superforex.com organization are most likely not going to provide customers with demo access to the service, as some of them may begin to suspect something is wrong.
Internet broker Superforex.com operates with a negative balance
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 those rare situations when the account goes into a negative value, its debts will be required to be repaid not by the user, but by the company that offered its services.
Therefore, official brokers do not use a negative account in their activities.
However, SuperForex gives traders Forex operations with a negative balance, that is, in debt.
Why is this needed?
To drive the trader into debt and start paying off the debt. This is one of the most popular fraud methods used by financial bandits.
If this has already happened, you need to remember that criminals do not have the opportunity to extort investments under UK law. Absolutely all methods of pressure on you are illegal. The most that scammers are capable of is to disturb with calls, send out letters with demands.
It is impossible to cooperate with SuperForex, since any attempts to reach an agreement will result in new losses.
Superforex.com operate with a leverage of 1 to 400 or more
Already now, it is obvious that SuperForex are scammers. However, we point out one nuance, namely the existence of too large a credit ratio.
The credit ratio is the ratio of the finances of traders and brokers when making a trading operation. This allows large trading transactions to be carried out by clients who do not have access to large finances.
In order to protect clients in the Forex market, in civilized countries, the current legislation requires the use of a credit ratio with a maximum ratio of 1 to 30, in exceptional cases 50.
At the same time, SuperForex uses a credit ratio of 1 to 400 for trading operations on the Forex financial market.
Such an attitude is legalized in Switzerland, as companies registered in this state enjoy considerable trust. However, SuperForex is not formalized there.
In fact, SuperForex does not have the right to trade on the Forex financial market with such leverage, due to the high risk for users. Accordingly, this is used solely to force the trader not only to invest more money, but also to drag him into loans.
Local branches of SuperForex
It is considered prestigious for any firm to have local offices in developed countries, even if the work is carried out exclusively in England. So SuperForex talks about the fact that in addition to a large number of awards there are local offices in England, Australia and other developed countries, and also about a large number of experienced employees.
Checking the reality of these offices is elementary. Since there are specialized organizations that regulate the activities of brokers. In England, this is FCA, and for example, Australia - ASIC.
Because of this, a legal firm must have official documents from these or other structures that confirm their right to provide services for trading operations in the Forex financial market, indicate the level of responsibility.
However, after analyzing specialized websites, our experts did not find them. This once again confirms the fears.
To register on Superforex.com, you need to transfer personal data
As we reported earlier, SuperForex does not have a demo period, and therefore, in order to gain access, you must immediately pay the minimum deposit to SuperForex scammers. In addition, access to Superforex.com's personal account is possible only upon successful completion of client verification.
This means that SuperForex requires its clients to submit data such as:
- Information about an individual;
- Data on the permanent place of residence (payments for utilities);
- Information about the place of work, qualifications, experience.
In addition, with the first payment, fraudsters are able to access card data.
Together, this information can enable criminals to smuggle a loan on a client or carry out other criminal frauds.
Since registration on the Superforex.com site requires sending confidential data, we were never able to get access to the SuperForex personal account and software for making money on the Forex financial market.
Reviews about SuperForex
A very important step in exposing SuperForex is the analysis of customer reviews.
A detailed analysis of the search results on the Internet gave us the following data:
- Most of the mentions and reviews of SuperForex on the Internet are fake. These are the same positive mentions of a paid character;
- All true references to SuperForex are negative. We could not find true reviews and comments from Superforex.com users, which would say about a big profit, successful trading.
- Negative reviews and mentions are caused by criminal acts, theft of money, artificial creation of credit.
In line with this, SuperForex reviews indicate that the online broker in question is a scam.
Contact information and papers of SuperForex
Having studied the information on Superforex.com, our staff found a lot of dubious digital white papers that can be easily made using a graphics editor. They are not confirmed by official organizations, which means that they cannot be trusted.
If an Internet broker is not associated with regulatory organizations, then its clients simply have nowhere to turn for help.
On the "Contacts" page, we found 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 Forex online broker? Make sure you can take money from him.
Analyzing the client agreement on the SuperForex website, our employees did not find clear information about the withdrawal methods. Also, our experts saw a mention of penalties for a long period of inactivity of the account, while there was no information about the size. Since fraudsters do not operate in the legal field, it will not be possible to cancel these fines.
Therefore, if a user stops working with SuperForex, they can call and write letters demanding to pay a fine.
How does SuperForex operate?
Suspicious is also the method of searching for new users, which is used by SuperForex.
Fake profiles in social networks are used for advertising, in which fake users spread information about how they instantly managed to get income by making operations on the Forex market using SuperForex. Fakes show expensive cars and clothes, travel to resorts, and other manifestations of a prosperous life.
Non-existent people promise a rapid increase in income, for which you do not need to learn or put in a lot of effort.
When a client comes into contact with scammers, SuperForex employees confirm the possibility of a rapid profit, and besides, about some unique features of their programs, which will make it possible to immediately receive a solid income.
Then all sorts of tricks go into work to get the maximum amount of funds from the user. For example, a fake profit can be created for the user in order to provoke him to give more deposits.
When Forex trading is negative, the manager will recommend investing more to compensate for the losses.
SuperForex employees act according to algorithms created by professional swindlers. Criminals analyze client information in order to act on vulnerabilities and lure out more deposits.
In any case, everything will come to one of the results:
- When you want to withdraw funds before you find yourself in debt, you will be fined, prohibited from using assets, and will do everything to force you to transfer more;
- When you allow criminals to drive the account into debt, there will be threats, criminals will begin to demand to repay the fictitious loan.
An additional way to earn money for SuperForex can be the sale of your personal information to third parties. Probably, after that, full information about you can be bought for a moderate amount on an anonymous Telegram channel on the dark web.
Surely, after that, all sorts of criminals, sales managers, etc. will begin to call you more often. You should also wait for letters from Superforex.com associates who will start offering a "return" of lost investments, of course for a reward.
Since SuperForex does not operate in the legal field and preserves anonymity, SuperForex cannot be forced to answer under the law in the UK. The leaders of the fraudulent company are skillfully hiding and in the best case, the legitimate authorities will be able to figure out one of the "employees".
Can SuperForex be trusted?
In no case!
Only if you plan to transfer finances to scammers, then spend them on a good deed.
Let's briefly outline the evidence that SuperForex are scammers:
- Lack of official registration;
- No demo period;
- Lack of information about the owners of the company;
- The phone is seen in illegal fraud;
- Negative balance;
- Credit ratio greater than 1 to 50;
- Negative reviews;
- False information on the website.
Our review of SuperForex is over. Obviously, SuperForex are scammers.
For your safety, we have compiled a blacklist of brokers.
