Forex broker SuperForex - scammers, reviewPaul Roberts 17 / April / 22 Visitors: 542
The online broker SuperForex, operating in England, is considered a criminal with a tarnished reputation.
When we go to the official website of SuperForex - Superforex.com, we will find that our company provides intermediary services for trading operations on the Forex market in the UK. In addition, SuperForex offers services for financial transactions.
Our employees analyzed the SuperForex website, got acquainted with the terms of operations, tried to get at least demo access to the programs, looked through the availability of documents, the region where the company was registered.
With the help of the information received, we will figure out: Is SuperForex a scam or not?
In addition, we will tell you how not to get into the networks of scammers, about their operation algorithms. We will provide you with all the information you need to keep your money safe.
SuperForex is based in an offshore zone
A serious call, saying that Superforex.com are scammers - the state of residence. Documentally, the company is registered in the Republic of the Marshall Islands, which is already suspicious, since Superforex.com operates in England.
Offshore countries attract the attention of scammers due to the lack of the need to comply with the law and the executive branch.
In addition, this state does not have permits for trading in the Forex market.
Moreover, when our employees tried to find the real address, information about the owners and directors of Superforex.com, they could not find anything.
This demonstrates that SuperForex is a shady online broker, working with which can result in significant financial losses.
Could not find information about Superforex.com management
After examining the website, we have not been able to find any truthful information about the directors of Superforex.com. No physical or legal address, no telephone or other means of communication.
Basically, this means that real directors try to hide information about themselves in order to elude punishment for their actions. And even if one of the employees of SuperForex is found out, then everything will end there, and the organizers of the shadow organization will remain at large with money.
SuperForex, website - Superforex.com, is less than 30 days old
The SuperForex website talks about the significant experience of operations in the Forex market.
The most common method of analyzing an official site is to obtain information about its domain. Usually, they indicate the validity period of the domain name, contact details of its owner.
In a specific case, the Superforex.com domain name is valid for less than 30 days, and the data on the legal entity that owns it is classified. Another evidence that the organizers of SuperForex are trying to keep incognito.
This desire can be understood, but not when it comes to a financial firm acting as an intermediary between the user and the Forex financial market.
At the same time, Superforex.com themselves assure potential users that they have been effectively operating on Forex for a long time.
Superforex.com does not have a test period
It is normal practice for online brokers to provide clients with a demo version of programs so that they get acquainted with the interface, test their skills in playing the Forex financial market with fake currency.
Unfortunately, on the SuperForex website, we did not find any information about the test period, the possibility to try out the software.
Most likely, the owners of Superforex.com are not going to give their customers trial access to the paid service, as someone may begin to suspect fraud.
Broker SuperForex operates with a negative balance
Legal companies that operate in the Forex market do not use a negative account in their activities. By law, an online broker trader is not able to spend more now is on the balance sheet. In those rare cases when the account goes into a negative value, the loan must be repaid not by the trader, but by the company that provided the services.
Therefore, official online brokers do not use a negative balance in their activities.
Nevertheless, SuperForex gives its users work with a negative balance, that is, in debt.
Why is it necessary?
In order to drive the client into debt and start extorting him to repay the loan. This is one of the most popular methods of deception used by financial scammers.
If this happens, you need to know that criminals have no way to recover money under British law. All methods of pressure on you are considered illegal. The most that scammers are capable of is calling, sending letters with demands.
You cannot cooperate with SuperForex, as all agreements will turn into losses.
Superforex.com operate with a leverage of one to four hundred or more
Already, it becomes obvious that SuperForex are swindlers. However, let's pay attention to one fact, namely the existence of too much leverage.
The credit ratio is the ratio of the finances of clients and online brokers when concluding a trading operation. Leverage allows significant trading transactions for clients who do not have access to large finances.
In order to protect traders in the Forex financial market, in developed regions, the current laws require the use of leverage with the largest ratio of one to thirty, in exceptional cases 50.
At the same time, SuperForex uses a leverage of one to four hundred to make money on Forex.
This ratio is allowed in Switzerland, since firms registered in this country enjoy high confidence. However, SuperForex is not registered in this country.
In fact, SuperForex are not allowed to trade Forex with such a credit ratio, due to the high risk to users. Actually, this is used solely to force the trader to invest more of his own finances, but also to drive him into debt.
Local SuperForex offices
It is considered prestigious for every financial company to have regional offices in civilized regions, even if the activity is carried out only in Britain. So SuperForex informs that in addition to a large number of awards, they have regional offices in Britain, Australia and other civilized regions, and in addition about a lot of competent employees.
Checking the existence of these representations is quite simple. Since specialized organizations are known that control the activities of online brokers. In England it's FCA, and in Australia it's ASIC.
Therefore, a legal organization must have permits from these or other structures that will confirm their right to provide trading services on the Forex market and indicate the degree of responsibility.
However, after checking specialized websites, our staff could not find them. Which once again confirms the fears.
Registration on Superforex.com requires the transfer of 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, it is possible to create a Superforex.com personal account only upon completion of user confirmation.
This means that SuperForex requires users to provide information such as:
- Information about an individual;
- Data on the permanent place of residence (scans of utility bills);
- Data about qualifications, experience, place of work.
In addition, during the initial payment, scammers can gain access to personal account information.
As a result, this information may enable gangsters to hang a loan on a client, or carry out other criminal acts.
Since to register on the Superforex.com site, you need to transfer your personal information, our employees have not been able to get access to the SuperForex personal account and programs for working on Forex.
Reviews about SuperForex
An extremely important step in exposing SuperForex is the study of user reviews.
A detailed study of the issuance in search engines gave the following information:
- Most of the references to SuperForex on the Internet are fake. These are similar positive mentions of the paid type;
- All true references to SuperForex are negative. Our staff was unable to identify reliable references and comments from Superforex.com users, which would mention profit, efficient trading.
- Bad mentions are caused by criminal acts, theft of deposits, special creation of debt.
Therefore, real reviews about SuperForex report that this online broker is a criminal.
Contact details and official papers of SuperForex
After analyzing the information on Superforex.com, our experts found a lot of dubious digital official papers that can be easily made using a graphics editor. They are not confirmed by official companies, which means 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, our specialists found a phone number. It turned out that it had already been used by an illegal online 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 an online Forex broker? Make sure you can take money from him.
While studying the client agreement on the SuperForex website, our experts did not find clear information about the withdrawal methods. Also, our experts found a mention of fines for the lack of activity of a personal account, but did not find information about the size. Since scammers do not work in the legal field, these fees cannot be canceled.
Because of this, even if the user has finished working with SuperForex, he can be disturbed by calls and messages demanding to pay a fine.
How does SuperForex work?
The method of searching for new users, which is used by SuperForex, also raises concerns.
Fake profiles on social networks are used for advertising, in which fake people spread information about how they instantly managed to get rich by working on the Forex financial market with the help of SuperForex. Advertising profiles showcase expensive cars and clothes, vacations in resorts, and other signs of a prosperous life.
Non-existent people promise instant income that does not require training or effort.
When a trader makes contact with scammers, SuperForex employees report the reality of rapid income, as well as the unique features of their software, which will allow you to immediately withdraw a large profit.
After that, various tricks go into work to get the maximum finance from the client. For example, a client can draw fake profits to motivate them to invest even more deposits.
When work on the Forex financial market turns out to be unprofitable, a company representative will recommend investing more to close the losses.
SuperForex employees work according to algorithms developed by professional manipulators. Fraudsters study data about a trader in order to act on weaknesses and get even more money.
In any case, everything will lead to one of two endings:
- If you decide to withdraw money before you find yourself in debt, you will be charged, your account will be frozen, and everything will be done to force you to pay more;
- If you allow criminals to drive the account into debt, threats will begin, bandits will begin to extort to repay a non-existent loan.
Another way to make money for SuperForex can be the transfer of your personal data to third companies. We think that, after that, detailed information about you will be possible to purchase for a small amount of money on some anonymous community on the darknet.
It is likely that as a result of this, all kinds of criminals, sales managers, etc. will call you. It is also worth waiting for letters from Superforex.com accomplices, who will offer to “receive” the lost money, of course, for a reward.
Since SuperForex does not operate in the official field and remains incognito, SuperForex cannot be forced to respond under the current legislation in the UK. The heads of the fraudulent organization carefully disguise themselves and, in the best case, the legitimate authorities will be able to figure out one of the "administrators".
Can SuperForex be trusted?
In no case!
Only if you are going to transfer finances to criminals, then transfer them to a good deed.
Let's briefly list the evidence saying that SuperForex are scammers:
- Lack of official registration;
- No trial period;
- Lack of information about the owners of the company;
- Phone revealed in shady operations;
- Negative balance;
- Credit ratio greater than 1 to 50;
- Negative reviews;
- False information on the site.
Complete review of SuperForex - completed. It is clear that SuperForex are bandits.
Paul Roberts 51 years old Born in Edinburgh. Married. Studied at University of Oxford, Department of Public Policy and Social Work. Graduated in 1997. Works at Standard Life Aberdeen plc.