Broker SuperForex - scammers, review of scammers
17 / April / 22
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The SuperForex internet broker that operates in the UK is a scam with a tarnished reputation.
When we go to the official website of SuperForex - Superforex.com, we will read that our organization offers trading services on the Forex financial market in the UK. SuperForex also provides programs for financial actions.
Our employees explored the SuperForex website, got acquainted with the terms of action, tried to get demo access to the programs, analyzed the availability of official papers, the company's place of residence.
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 work. We will give you the information you need to keep your finances safe.
SuperForex organization based in offshore country
The first sign indicating that Superforex.com are criminals is the registration state. According to the documents, the company is registered in the Marshall Islands, which is already in doubt, since it operates in Britain. Offshore regions are popular with scammers due to the lack of legislation and supervision.
In addition, this region does not have the authority to operate on the Forex financial market.
Also, when we tried to identify the legal address, mentions of the owners and directors of Superforex.com, we could not find anything.
This already hints that Superforex.com is a criminal Internet broker, interaction with which will result in serious financial losses.
No information found about SuperForex organizers
Having studied the official site, we could not find reliable information about the owners of Superforex.com. No addresses, no phone numbers or other means of communication.
This probably means that the real owners are trying to hide data about themselves in order to avoid being held accountable for their actions. Even if one of the employees of SuperForex manages to be found, then everything will end there, and the real owners of the shadow organization will remain at large.
SuperForex, official website - SuperForex, is valid for less than 30 days
The official website of Superforex.com talks about the great experience of operations in the Forex financial market.
The most common method of studying a website is to obtain information about its domain name. Usually, they record the age of the existence of the domain, data for the connection of its owner.
In a specific case, the Superforex.com domain name is valid for less than 30 days, and all data about the legal entity owning it is hidden. Another proof that SuperForex owners are trying to remain incognito.
This desire can be accepted, but not when it comes to a company working as an intermediary between a client and Forex.
In addition to this, Superforex.com themselves assure users that they have been successfully operating in the Forex market for quite a long time.
SuperForex does not have a demo period
It is a common practice for brokers to give their clients a demo version of their software in order for them to familiarize themselves with the interface, to test their ability to trade on Forex with fake money.
Unfortunately, on the official website of SuperForex, we did not find information about the test period, the possibility to test the software.
We assume that the owners of Superforex.com are not going to give their customers trial access to their software, as someone may start to suspect something is wrong.
Online broker Superforex.com operates with a negative balance
Legal organizations that operate on Forex do not use a negative account in their activities. In accordance with the laws, the client of an Internet broker is not able to spend more now is on the balance sheet. In cases where the account still goes into a negative value, the loan will be required to be repaid not by the trader, but by the company that provided the services.
Because of this, legal Internet brokers do not use a negative balance in their activities.
Nevertheless, SuperForex offers its traders Forex operations with a negative balance, that is, on credit.
Why is it necessary?
To drive a trader into a loan and extort him to repay the debt. This is one of the most popular methods of deception used by criminals.
In the event that this has already happened, you need to know that scammers do not have the opportunity to knock out money according to British law. Any method of influencing customers is illegal. The most that scammers are able to do is to disturb with calls, write messages with threats.
It is impossible to cooperate with SuperForex, since any agreements will result in losses.
SuperForex work with a credit ratio of one to 400 or more
It is already obvious that SuperForex are criminals. Nevertheless, let us point out one fact, namely the existence of too high leverage.
Leverage is the ratio of money users and online brokers make when making a deal. It allows large trading operations to be carried out by users who do not have the corresponding amounts available.
In order to protect Forex users, in civilized countries, the current legislation requires the use of a credit ratio with a maximum ratio of 1 to thirty, in exceptional cases 50.
At the same time, SuperForex uses a credit leverage of one to four hundred to make money on the Forex financial market.
Such an attitude is allowed in Switzerland, as firms registered in this country enjoy considerable confidence. But SuperForex is not registered in this state.
In fact, SuperForex has no right to conduct operations on the Forex market with such leverage, due to the high risk for clients. So, this is done solely to get the client to invest more money, but also to drive him into loans.
Local branches of SuperForex
It is considered prestigious for any financial company to have local branches in civilized countries, even if the activity is carried out exclusively in the UK. Therefore, SuperForex informs that in addition to many awards, they have local offices in the UK, Australia and other civilized regions, as well as thousands of competent specialists.
Checking the reality of these offices is elementary. Since profile structures are known that control the work of brokers. In the UK it's FCA, in Australia it's ASIC.
Because of this, a law-abiding firm is required to have official papers from data or other structures that will confirm their right to provide Forex trading services, indicate the degree of responsibility.
And yet, after checking the profile sites, our experts could not find them. Which once again confirms our fears.
Registration on Superforex.com requires the transfer of confidential data
As we reported earlier, SuperForex does not have a demo period and, accordingly, in order to get access, you must immediately transfer the minimum deposit to SuperForex scammers. Also, access to Superforex.com's personal account is possible only upon successful completion of user verification.
This means that SuperForex requires clients to submit data such as:
- Information about an individual (passport, driver's license, etc.);
- Data on the permanent place of residence (payments for utilities);
- Information about qualifications, place of work, experience.
Also, during the first transfer, the bandits can get access to bank account data.
Together, this information can allow scammers to issue a loan to the user, or to carry out other criminal frauds.
Since registration on the Superforex.com website requires the submission of confidential information, our experts did not have access to the SuperForex personal account and applications for transactions on the Forex market.
Reviews about SuperForex
An important point of exposing SuperForex is the analysis of traders' feedback.
A detailed analysis of the search results on the Internet gave us the following data:
- Most of the reviews and mentions of SuperForex on the Internet are fake. These are the same type of positive mentions of a paid character;
- All true reviews and references to SuperForex are negative. Our employees were unable to identify references and comments from Superforex.com users, which report high earnings and productive activities.
- Negative reviews and comments are caused by illegal activities, theft of deposits, special creation of debt.
In accordance with this, SuperForex reviews report that this Internet broker is a scammer.
Contact information and official documents of SuperForex
Analyzing the data on Superforex.com, our staff found a lot of dubious digital papers that can be easily done with the help of a graphics editor. They are not confirmed by official firms, which means they cannot be trusted.
If the broker is not associated with regulatory organizations, then clients 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 a Forex broker? Make sure you can take money from him.
Studying the trade agreement on the SuperForex website, our experts did not reveal any specific information about the methods of withdrawing earned money. In addition, our experts saw a mention of fees for long-term inactivity of a personal account, but did not find information about the size. Since the criminals do not operate in the legal field, these fines cannot be protested.
Because of this, if the user has ended cooperation with SuperForex, they may start calling and spamming with a demand to pay off the fine.
How does SuperForex operate?
The method of finding clients that SuperForex uses is also alarming.
For advertising, fake social media accounts are used, in which fake people talk about how they instantly managed to get income by trading on the Forex financial market using SuperForex. Bots show expensive cars and real estate, travel to resorts and other signs of a rich life.
Fakes promise a rapid income, for which you do not need to learn or put a lot of effort.
If a user gets in touch with scammers, SuperForex managers talk about the reality of instant income, and also about the unique features of their programs, which will allow you to immediately earn big income.
After that, various tricks are used to get the maximum number of deposits from the user. For example, a user can arrange fake profits in order to provoke more investments.
When trading on the Forex market turns out to be unprofitable, a company representative will offer to transfer more to compensate for the loss.
SuperForex managers act according to the guidelines developed by qualified swindlers. The criminals analyze the client's details in order to put pressure on specific places, to get even more deposits.
In any case, all this will lead to one of the options:
- When you decide to get an investment before you find yourself in the red, you will draw fees, close assets, and do everything to force you to transfer more;
- When you let the criminals borrow the balance, there will be threats, the criminals will start extorting to pay off the fake debt.
Another way to make money for SuperForex is to transfer your confidential information to interested companies. Probably, as a result, detailed information about you can be bought for a moderate amount of money on some anonymous Telegram channel on the shadow Internet.
Surely, because of this, all sorts of criminals, sellers, etc. will call you more often. In addition, you can wait for messages from Superforex.com associates who will start offering to “receive” lost investments, of course, for a fee.
Since SuperForex does not work in the official field and preserves anonymity, SuperForex cannot be forced to respond under the current legislation in the UK. The organizers of the shadow company are diligently hiding and, at best, the police will be able to capture one of the "employees".
Should I trust SuperForex?
In no case!
If you are going to transfer finances to scammers, then it is better to spend them on charity.
Let's briefly list the evidence indicating that SuperForex are scammers:
- Lack of official registration;
- No trial period;
- There is no information about the owners of the company;
- Phone number found in criminal operations;
- Negative account;
- Leverage greater than 1 to 50;
- Negative reviews;
- False information on the site.
Detailed review of SuperForex is over. It is clear that SuperForex are criminals.
For your safety, we have compiled a complete list of unscrupulous brokers.
