SuperTradesFX.com

One look at SuperTradesFX.com sufficed to come to the only reasonable conclusion. This broker is definitely a risk, and does not hide this fact all too well.

Aside form an address in the US, the broker does not reveal anything about itself. We are not implying that the brokerage is based in the US, a nation know to harbor the most notorious FX rules and regulations issued by the NFA and CFTC, and with them some of the mastodons of the FX industry: brokers beyond what the creators of SuperTradesFX.com can imagine. In other words, there is no way that SuperTradesFX.com is registered and regulated in the US.

There is also the crucial matter of a very real FCA warning issued to the broker. The FCA is a respected body that cannot allow to falter or misguide users, for hundreds of top-notch brokers rely on its expertise and services on a daily basis. A warning by it should not be taken lightly.

And it will not. As a result, we will label SuperTradesFX.com as an unlicensed entity and a risk to all.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

We learned very soon that the registration requires a referral number, meaning that only clients that have been personally contacted by representatives of the broker can create an account. This is a scammer's mark in which the broker filters out all unwanted users and offers passage only to those that are sure to invest. Almost all scammer schemes begin this way.

We are left to rely on the website. Unlicensed FX brokers as a whole are untrustworthy, and it is worth mentioning that their sites are mostly misleading.

Considering this, the leverage is said to be capped at 1:500. The available assets are forex currency pairs, shares, indices, and commodities. The 0.2 pips is said to be the lowest spread for FX pairs, but we don't know whether this is true or not.

SUPERTRADESFX.COM LOGIN

Not only is there no license here, but the broker has also forgone any trading software.

First of all, there is no access to a software, nor is there any proof that one exists. There are mentions of it on the site, but the fact that there are no downloadable links leads us to believe that either the terminal is accessible only by registering, or that there is no platform in the first place.

SUPERTRADESFX.COM MINIMUM DEPOSIT

All depots will be lost here. Without a regulation and a shred of dignity, this broker will make sure to steal as much as possible from investors.

According to the website the minimum deposit requirement is $500.

The payment methods are said to be credit cards, debit cards, and some popular e-wallets, but these are taken from the footer, and there is no backing these claims with proof.

No further depositing details exist. And the ones we have are very vague and not really trustworthy.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

SUPERTRADESFX.COM WITHDRAW TIME AND FEES

We have all the reasons to believe that withdrawals will not be possible here. The firm is unregulated, and therefore it is not in its interest to let go of any money.

The only information that we could get form the website is that it takes up to 96 hours to execute withdrawals. By “execute” we understand that it takes that amount of time to move money from the broker to the user, although seeing that SuperTradesFX.com is unregulated, we don't think that users will ever be seeing their money back.

There are no no further withdrawal details!

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

SuperTradesFX.com is a waste of everyone's time and money. This broker is a complete fraud! Many like it pop up on a daily basis, and all of them are risks!