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Super Trade Fx

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Operating status: SCAM

Website: https://supertradesfx.com/

Broker violations and abnormal records
  • 2022-01-25 The FCA Added Super Trade Fx into its Warnings and Alerts

    On 26th January 2022, the watchdog warned the public that Super Trade Fx is carrying out financial activities unlawfully. In other words, Super Trade Fx is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. You may visit:https://www.fca.org.uk/news/warnings/super-trade-fx


    On 26th January 2022, the watchdog warned the public that Super Trade Fx is carrying out financial activities unlawfully. In other words, Super Trade Fx is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. You may visit:https://www.fca.org.uk/news/warnings/super-trade-fx
  • 2022-01-27 BrokersView has reviewed that Super Trade Fx is an Unregulated Forex Broker

    Super Trade Fx portrays it is one of the largest stock exchanges listed Stocks & CFD broker in the world with more than 11 years experience and offices in over 13 countries including UK, Poland, Germany, France and Turkey. Besides, it shows it has 1,094,428 customers engaged. However, when we checked its domain, the result shows the firm was newly created on 2021-11-24. How it can reach these figures in about 2 months? Thus, there is the highest possible level of scam for you when dealing with it.

    On the one hand, as we check out on its official website, we found Super Trade Fx has no license documents even though it claims that it is regulated by the world's biggest supervision authorities. And what’s more, the broker shows that its headquarter is in USA. But we found out that there is no mentioning of Super Trade Fx company in the US regulators' registry. 

    On the other hand, the scammer was warned by British regulator FCA, giving the reason that it operates and attracts clients without a legal license on 26th January 2022. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    Super Trade Fx portrays it is one of the largest stock exchanges listed Stocks & CFD broker in the world with more than 11 years experience and offices in over 13 countries including UK, Poland, Germany, France and Turkey. Besides, it shows it has 1,094,428 customers engaged. However, when we checked its domain, the result shows the firm was newly created on 2021-11-24. How it can reach these figures in about 2 months? Thus, there is the highest possible level of scam for you when dealing with it.On the one hand, as we check out on its official website, we found Super Trade Fx has no license documents even though it claims that it is regulated by the world's biggest supervision authorities. And what’s more, the broker shows that its headquarter is in USA. But we found out that there is no mentioning of Super Trade Fx company in the US regulators' registry. On the other hand, the scammer was warned by British regulator FCA, giving the reason that it operates and attracts clients without a legal license on 26th January 2022. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-07-07 BrokersView has found that Super Trade Fx is not working

    On 8 Jul 2022, BrokersView found the domain https://supertradesfx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 8 Jul 2022, BrokersView found the domain https://supertradesfx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

I came across mix reviews about SuperTradeFx on the internet. It does offer low transaction cost, but would you suggest this broker for secure trading experience ?

lalalan
Nepal
2022-02-07
ANSWER Super Trade Fx is an unlicensed broker and should be avoided at all events. Super Trade Fx portrays it is one of the largest stock exchanges listed Stocks & CFD broker in the world with more than 11 years experience and offices in over 13 countries including UK, Poland, Germany, France and Turkey. Besides, it shows it has 1,094,428 customers engaged. However, when we checked its domain, the result shows the firm was newly created on 2021-11-24. How it can reach these figures in about 2 months? Thus, there is the highest possible level of scam for you when dealing with it. Besides, as we check out on its official website, we found Super Trade Fx has no license documents even though it claims that it is regulated by the world's biggest supervision authorities. And what's more, the broker shows that its headquarter is in USA. But we found out that there is no mentioning of Super Trade Fx company in the US regulators' registry. So Super Trade Fx is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. What's worse, the UK's regulator FCA has issued a public warning against Super Trade Fx. It shows that this entity has not been authorized to carry out investment services and activities in the UK as a result of a lack of the authorization. You can check full warning here. We would recommend traders to stay away from unregulated brokers like Super Trade Fx and trade with licensed brokers.
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13 comments

Adeen
It's a terrible and not advanced company in terms of trading currencies. In my story, I was attracted by promises of broker's advantages among other firms. It pushed me to open account and make deposit after relatively short period of time. No demo at all! In addition, I had an ECN account, but in reality, there were no advantages compared to other types of accounts. All the same: requotes, wide spreads, etc. If someone wants to protest against my statements, I will glad to provide all the evidence. Unlikely, I won't communicate to anybody from broker after such a negative experience.
2024-11-15
Reply
Wilmer Canelon
Saw an add for NDD Saxo bank trading accounts, later I find they are market makers. below is from their Product disclosure statement. 3.14 Conflicts of interest: Trading with Saxo for the Saxo Products carries an automatic risk of actual conflicts of interests because Saxo is acting as principal and issuer of the Saxo Products and Saxo sets the price of the Saxo Products and also because it might be transacting with other persons, at different prices or rates, or Saxo might be trading with market participants.
2024-08-23
Reply
Mac
I really appreciate the personal support from Saxo. One of the reasons I switched to Saxo is because I couldn't reach someone to talk to when chatbots couldn't help. Saxo staff go the extra mile, and I highly recommend them.
2024-08-09
Reply
saman
The platform is attractive with many options and reasonable fees. Simplifying the UI and adding a unified calendar for report release dates would be beneficial, as this information is currently scattered.
2024-08-07
Reply
Hussain
That’s not a good broker for some sort of trading strategies. I’ve got very poor performance since started trading using small take profits and stop losses. Other words, spreads too high for scalping. It brings my strategy performance to negative level comparing to other brokers. I also found that results are the same on all main currencies. So my conclusion is to use this broker only for position trading.
2024-07-30
Reply
Dave Farley
Unreliable and Limited. The platform is to some extent good; however, if you need to chat with the agent and receive support it is very challenging. The chat can be open for 5 min at most and then it restarts and you end up speaking with 10 agents before you can only address your problem. I never solved one so far. Saxo Bank is also very unreliable. They change margins, fees and their interpretation of regulation without any previous communication and as they seem appropriate, usually on client's damage. They also never send you a name or a link to the regulation they are enforcing. Especially if you are a non EU citizen, avoid it.
2024-07-22
Reply
Jamal
I opened with Saxo as they have a multi product platform but their execution on fx markets is always requoted and quite many problems placing stops. I have found a better deal for fx and so just kept Saxo for CFD's it works ok.
2024-07-15
Reply
Fareed Mohammed
Saxobank dead company without support team. In Saxobank doesn't exist support team, they doesn't answer on me emails. It is SCAM broker.
2024-07-12
Reply
Goodie
I am a client of Saxo bank and the platform is great but the execution on the FX is frankly average. I use saxo for my stock trading only where its quite ok.
2024-07-10
Reply
Okta Kurniawan A
They offered me a strategy with good diversification. Now there are a lot of different assets in my investment portfolio, but at the same time I like the structure, and the intermediate results of investing in general suit me too. In addition, the consultant is always in touch, quickly responds to my requests, advises as needed. In all the time that I have been with Saxo, I have not had any problems, including partial withdrawals, so I like everything about this broker.
2024-07-08
Reply

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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