SuperForex scammers - a review of Forex scammers
Broker SuperForex, operating in England, is considered a swindler with a tarnished reputation.
When we go to the official website of SuperForex - Superforex.com, we will find that this organization provides brokerage services for working on the Forex market in Britain. In addition, SuperForex offers programs for trading operations.
Our specialists explored the official site of SuperForex, got acquainted with the terms of action, tried to get demo access to the programs, looked through the existence of securities, the place of registration of the company.
With the help of this information, we will find out: is SuperForex a scam or not?
In addition, we will tell you how not to get hooked by scammers, about their methods of operations. We will provide all the necessary information to keep your investments safe.
SuperForex organization is located in offshore country
The first sign that indicates that Superforex.com are criminals is the state of registration. According to the documents, the company is registered in the Marshall Islands, which is already suspicious, since it operates in Britain. Offshore regions attract the attention of criminals due to the lack of laws and oversight.
Moreover, this region has no rights to work in the Forex financial market.
In addition, when our experts tried to find the physical address, mentions of the owners and management of Superforex.com, they could not find anything.
This demonstrates that SuperForex is a fake broker, cooperation with which can result in serious financial losses.
No data about the owners of Superforex.com found
After analyzing the website, our employees have not been able to find plausible data about the directors of Superforex.com. No address, no telephone or other means of contact.
Most likely, this means that the actual owners are trying to hide themselves in order to avoid punishment for crimes. And even if you manage to expose one of the SuperForex employees, then everything will end with this, and the leaders of the shadow company will remain at large.
SuperForex, official website - Superforex.com, is valid for less than thirty days
The SuperForex website speaks of many years of Forex experience.
The most common method of analyzing any official site is to obtain information about the domain name. Most often, they fix the term of the domain name, the contact details of the owner.
In this case, the Superforex.com domain name exists for less than one month, and the information about the individual who owns it is hidden. Another evidence that SuperForex organizers are trying to preserve anonymity.
This desire can be accepted, but not when it comes to a financial institution acting as an intermediary between the client and the Forex market.
In addition to this, Superforex.com themselves assure potential users that they have been successfully operating in the Forex market for many years.
Superforex.com does not have a test period
It is a common practice for online brokers to provide traders with a demo version of the services so that they get acquainted with the interface, try the opportunities in trading in the Forex financial market with fake currencies.
Unfortunately, on the Superforex.com website, we could not find information about the test period, the ability to test the programs.
We assume that the management of SuperForex is simply not going to give clients test access to their software, as some of them may suspect fraud.
Broker Superforex.com works with a negative account
Legal firms that trade on Forex do not use a negative account in their work. In accordance with the laws, the user of the broker is not able to spend more now there is on his balance sheet. In rare situations, when the account still goes into a negative value, its debt will be required to be repaid not by the client, but by the company that provided the services.
Therefore, honest brokers do not use a negative balance in their work.
Nevertheless, SuperForex gives its traders Forex operations with a negative balance, that is, on credit.
Why is it necessary?
To drive the user into a minus and start a debt. This is one of the most commonly used deception methods used by scammers.
If this happens, you need to know that scammers have no way to knock out finances under UK law. Absolutely all methods of pressure on traders are considered illegal. The maximum that scammers are able to do is call, send threatening letters.
You cannot work with SuperForex, as the agreements will result in new expenses.
SuperForex operate with a leverage of one to 400 or more
Already now, it becomes clear that SuperForex are scammers. However, let's point out one more fact, namely the presence of an excessively large credit leverage.
Leverage is the ratio of customer funds and online brokers when making a deal. Leverage allows users to make large trading operations who do not have large sums freely available.
In order to protect traders in the Forex financial market, in developed countries, legislation requires the use of a credit ratio with a maximum ratio of one to thirty, in exceptional cases fifty.
At the same time, SuperForex applies a leverage of 1 to 400 for trading operations on the Forex market.
A similar ratio is legalized in Switzerland, since firms registered in this country enjoy considerable confidence. However, SuperForex is not formalized there.
In fact, SuperForex are not allowed to operate in the Forex market with such a credit ratio, due to the high risk to clients. Actually, this is used only to force the client to give more personal funds, but also to drive him into loans.
Regional offices of SuperForex
It is considered solid for a financial company to have local branches in developed countries, even if the work is carried out only in the UK. Therefore, SuperForex informs that in addition to a significant number of awards, there are local divisions in the UK, Australia and other civilized regions, and also about a large number of qualified employees.
Checking the reality of these divisions is quite simple. Since there are specialized structures that control the actions of Internet brokers. In the UK, this is FCA, and for example, Australia - ASIC.
That is, a legal firm must have official documents from these or other structures that confirm their right to provide trading services on the Forex market, indicate the degree of responsibility.
And yet, having studied specialized web sites, our employees could not find them. Which once again confirms the fears.
For registration on Superforex.com, you need to transfer personal data
As we reported earlier, SuperForex does not have a trial period, and therefore, in order to gain access, you must immediately transfer the minimum payment to SuperForex scammers. Also, it is possible to create a Superforex.com personal account only upon successful completion of identity verification.
This means that SuperForex requires users to submit such data as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (payments for utilities);
- Information about the place of work, qualifications, experience.
In addition, during the first transfer, fraudsters are able to access card data.
Combined, this information may allow fraudsters to make a loan to a deceived trader, or to carry out other illegal transactions.
Since for registration on the official website of Superforex.com, you need to send your personal information, our specialists did not get access to the SuperForex personal account and applications for trading operations on the Forex financial market.
Reviews about SuperForex
An extremely important step in exposing SuperForex is the analysis of user reviews.
A detailed study of the issue in search engines gave the following data:
- Most mentions of SuperForex on the Internet are fake. These are the same type of positive reviews and comments of a paid nature;
- All real reviews about SuperForex are bad. We have not been able to find reliable reviews and comments from Superforex.com users, which would indicate a decent profit, productive activity.
- Negative reviews are associated with illegal activities, theft of money, the artificial creation of debt.
Therefore, reviews of SuperForex indicate that the Internet broker in question is a scammer.
Contact information and official documents of SuperForex
After reviewing the data on Superforex.com, we found a lot of dubious digital white papers that can be easily done with a graphics editor. They are not confirmed by official companies, which means they cannot be trusted.
If the broker is not associated with regulatory firms, then 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 the help of the Forex financial market online broker? Make sure that you can take away investments from him.
Having studied the client agreement on the official website of SuperForex, we did not see clear information about the methods of withdrawing earned money. At the same time, we found a mention of fees for account inactivity, while there was no information about their size. Since criminals do not operate in the legal field, it will not be possible to cancel these requisitions.
Therefore, even if a trader has completed cooperation with SuperForex, they may begin to disturb with calls and send messages demanding to pay off the fine.
How does SuperForex work?
The method of searching for new users, which is used by SuperForex, also raises concerns.
For advertising, fake social media accounts are used, in which non-existent people report how they instantly managed to get rich by earning on the Forex market with the help of SuperForex. Advertising profiles show expensive cars and houses, vacations in resorts and other signs of a rich life.
They promise a rapid increase in income, for which you do not need to study or make efforts.
When a potential user gets in touch with scammers, SuperForex managers inform about the reality of instant earnings, and besides, about some unique features of their software, which allow you to instantly get a big income.
After that, all sorts of tricks are used to make it possible to get the maximum number of deposits from the trader. For example, they may draw fake profits to motivate you to transfer more funds.
When trading on the Forex financial market becomes negative, the manager will recommend transferring even more to compensate for the losses.
SuperForex managers act according to scripts created by experienced deceivers. Fraudsters study user data in order to put pressure on vulnerabilities and lure out more money.
One way or another, all this will lead to one of the ends:
- If you decide to get the money before you find yourself in debt, you will draw fees, freeze your account, and do everything to force you to pay more;
- If you allow scammers to drive the balance into debt, there will be threats, scammers will start extorting payment of a fake debt.
An additional method to make a profit for SuperForex can be the sale of your personal information to third parties. Most likely, as a result, comprehensive information about you can be purchased for a modest amount of money on some anonymous service on the dark web.
It is likely that as a result of this, all sorts of scammers, managers, etc. will write to you more often. In addition, it is worth waiting for calls from Superforex.com colleagues who will offer to “receive” lost investments, of course, for a fee.
Since SuperForex does not operate in the legal field and remains incognito, they cannot be forced to comply with applicable laws in Britain. The owners of the criminal organization are skillfully disguised and in the best case, the police will be able to catch one of the "employees".
Can SuperForex be trusted?
If you plan to transfer finances to criminals, then it is better to transfer them to charity.
Let's briefly voice the evidence that says that SuperForex are scammers:
- Lack of official registration;
- No trial period;
- Lack of information about the owners of the company;
- Phone revealed in shady schemes;
- Negative balance;
- Credit ratio greater than 1 to fifty;
- Negative reviews;
- False data on the site.
Complete review of SuperForex - completed. It is clear that SuperForex are scammers.