SuperForex review - scammers disguised as brokersJulius Conley 17 / April / 22 Visitors: 51
The online broker SuperForex, which operates on the territory of Britain, is a criminal with a corrupted reputation.
If we go to the official website of SuperForex - Superforex.com, we will find that our company provides intermediary services for working on the Forex market in the UK. SuperForex also offers programs for financial activities.
Our experts looked through the official website of SuperForex, got acquainted with the conditions of operations, made attempts to get at least demo access to the services, investigated the existence of official documents, the region where the company was registered.
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 into the network of deceivers, about their ways of working. We will tell you the information you need to keep your investment safe.
SuperForex is located in an offshore region
The first sign that indicates that SuperForex are scammers is the country of registration. The organization is officially registered in the Marshall Islands, which is already in doubt, since the company operates in England. Offshore countries are popular with scammers due to the lack of the need to comply with the law and regulation.
Also, this region does not have the authority to work on Forex.
Moreover, when our specialists tried to reveal the physical address, information about the owners and management of Superforex.com, they couldn't find anything.
This already shows that SuperForex is a criminal online broker, cooperation with which will result in significant financial losses.
No data found about the owners of Superforex.com
After examining the website, our experts could not find any credible data about the owners of the organization Superforex.com. No address, no phone numbers or other methods of contact.
We think that this means that the directors are trying to hide information about themselves in order to hide from responsibility for crimes. Even if you manage to catch one of the SuperForex managers, then everything will end there, and the actual owners of the shadow organization will remain free with money.
SuperForex, the official website - SuperForex, has existed for less than a month
The site Superforex.com talks about serious experience in Forex.
The most common method of checking a website is to obtain information about a domain name. Usually, they contain the age of the domain name, contact information of the owner.
In a specific case, the Superforex.com domain name has been operating for less than one month, and all information about the legal or natural person owning it is hidden. Another evidence that SuperForex owners are trying to preserve their anonymity.
This desire can be understood, but not when it comes to a financial company that works as an intermediary between a trader and Forex.
At the same time, SuperForex assure potential users that they have been effectively operating on Forex for a long time.
Superforex.com does not have a demo period
It is a common practice for brokers to provide clients with a demo version of the software in order for them to get acquainted with the interface, to try out the possibilities in playing the Forex financial market with virtual money.
Unfortunately, on the official website of SuperForex, we did not find information about the test period, the opportunity to try the programs.
We assume that the directors of the organization Superforex.com most likely do not plan to give users trial access to their software, as someone may begin to suspect something is wrong.
Online broker SuperForex operates with a negative account
Official firms that trade on Forex do not use a negative account in their activities. In accordance with the laws, a broker's trader cannot spend more than is currently on the balance sheet. In those situations when the balance still goes into a negative value, its debts must be repaid not by the trader, but by the organization that provided its services.
Therefore, honest online brokers do not use a negative balance in their work.
Nevertheless, SuperForex provides its clients with Forex operations with a negative account, that is, on credit.
What is it for?
In order to drive a trader into a loan and start demanding a debt from him. This is one of the most popular methods of fraud used by criminals.
If this happened, you need to know that fraudsters do not have the opportunity to recover finances in accordance with the laws of England. Any means of pressure on users are criminal. The most that the bandits are capable of is to disturb with calls, send messages with demands.
It is impossible to work with SuperForex, since any agreements will result in new losses.
SuperForex operate with a credit ratio of 1 to 400 or more
Already now, it is clear that SuperForex are scammers. However, let us point out one fact, namely the presence of excessively large credit leverage.
Leverage is the ratio of the finances of users and brokers at the conclusion of a trading operation. Leverage makes it possible to conduct large transactions for clients who do not have large amounts of money freely available.
In order to protect clients in the Forex financial market, in civilized countries, legislation requires the use of a credit ratio with a maximum ratio of 1 to thirty, sometimes 50.
At the same time, SuperForex uses a credit leverage of one to 400 for trading activities in the Forex financial market.
Such an attitude is allowed in Switzerland, since organizations registered in this country enjoy great confidence. But SuperForex is not registered in this country.
In fact, SuperForex are not authorized to operate in the Forex market with such a credit ratio, due to the high risk to users. Accordingly, this is done only in order to force the client not only to transfer as much personal money as possible, but also to drive him into loans.
Regional branches of SuperForex
It is considered solid for every financial company to have local branches in developed regions, even if the work is carried out only in Britain. So SuperForex reports that in addition to a significant number of awards, there are local divisions in England, Australia and other developed countries, and thousands of competent employees.
Checking the availability of these representations is elementary. Since there are specialized organizations that control the activities of Internet brokers. In England it's FCA, and in Australia it's ASIC.
Therefore, a law-abiding company is required to have official documents from these or other organizations that confirm their permitted right to provide Forex trading services, regulate the degree of responsibility.
And yet, after checking the specialized official sites, our experts did not find them. This reinforces the fears.
To register on Superforex.com, you need to transfer personal data
As we mentioned earlier, SuperForex does not have a demo period, and therefore, in order to gain access, you must immediately transfer the minimum deposit to SuperForex scammers. In addition, access to the Superforex.com personal account is possible only after passing user verification.
This means that SuperForex requires its users to provide information such as:
- Information about an individual;
- Information about the permanent place of residence (payments for a communal apartment);
- Information about the place of work, qualifications, experience.
In addition, with the initial payment, criminals can gain access to bank card information.
As a result, this data may enable bandits to hang a loan on a trader, or carry out other illegal actions.
Since for registration on the Superforex.com website, you need to send personal information, our specialists could not get access to the SuperForex personal account and applications for trading on the Forex financial market.
Real reviews about SuperForex
A very important point of exposing SuperForex is the study of user reviews.
A detailed study of the search results yielded the following information:
- The majority of SuperForex reviews on the Internet are fake. These are similar positive reviews of a paid nature;
- All real reviews about SuperForex are negative. We couldn't find reviews and references from former Superforex.com users, which would say about a decent profit, effective trading.
- Negative reviews are associated with criminal acts, theft of deposits, the artificial creation of debt.
In accordance with this, real reviews about SuperForex indicate that this online broker is a scammer.
Contact details and official documents of SuperForex
After reviewing the data on Superforex.com, we have identified many dubious digital white papers that can be easily created using a graphics editor. They are not confirmed by official firms, which means they cannot be trusted.
If an online broker is not associated with regulatory firms, then its clients simply have nowhere to turn for help.
On the "Contacts" page, our specialists saw 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 a Forex broker? Make sure you can take money from him.
After analyzing the user agreement on the SuperForex website, our employees did not see available information about the methods of withdrawing earned money. At the same time, we identified a description of fees for the lack of activity of a personal account, but there was no data on their size. Since scammers do not operate in the legal field, it will not be possible to challenge these fees.
Because of this, even if the client has ended cooperation with SuperForex, they can start calling and sending messages demanding to pay a fine.
How does SuperForex operate?
The method of searching for new users, which SuperForex uses, also raises concerns.
Fake profiles on social networks are used for advertising, in which fake bloggers spread information about how they instantly managed to get income by trading on the Forex financial market using SuperForex. Non-existent people demonstrate expensive cars and clothes, trips to resorts and other manifestations of a rich life.
Bots promise instant earnings, for which you do not need to learn or make efforts.
When a potential client comes into contact with criminals, SuperForex managers tell about the reality of rapid profits, as well as about some unique abilities of their software, which allow you to instantly get a big profit.
After that, all sorts of tricks go into work, making it possible to get the maximum amount of deposits from the trader. For example, a user may be given fake profits to inspire them to invest more.
If work on Forex turns out to be unprofitable, a representative of the organization will offer to invest more to compensate for the losses.
SuperForex employees act according to scripts created by professional manipulators. Fraudsters study user information in order to put pressure on vulnerabilities and get even more money.
As a result, everything will come down to one of the ends:
- If you want to receive money before you are in the red, you will be charged fees, prohibited from using assets, and will do everything to force you to transfer more;
- When you allow the bandits to drive the balance into debt, threats will fall, the bandits will begin to demand to pay off a non-existent debt.
An additional way to earn money for SuperForex can be the transfer of your personal data to interested organizations. Most likely, as a result, exhaustive information about you can really be bought for a modest amount of money on an anonymous community on the dark web.
It is likely that as a result of this, all kinds of criminals, sales managers, etc. will begin to write to you. In addition, you can expect letters from Superforex.com colleagues who will begin to offer "return" of lost money, of course, for a fee.
Since SuperForex does not operate in a regulated field and remains incognito, SuperForex cannot be forced to respond under applicable laws in England. The heads of the criminal company are carefully hiding and, at best, law enforcement agencies will be able to catch one of the "workers".
Can SuperForex be trusted?
Only if you are going to transfer finances to scammers, then it is better to transfer them to a good cause.
Let's briefly list the evidence that says that SuperForex are scammers:
- No official registration;
- No demo period;
- Lack of information about the owners of the company;
- The phone is seen in criminal fraud;
- Negative balance;
- Credit ratio over 1 to 50;
- Negative reviews;
- Inaccurate data on the site.
A detailed review of SuperForex is over. It is clear that SuperForex are criminals.