SuperForex scammers - a review of Forex scammers
The broker SuperForex, which operates in the UK, is considered a criminal with an evil reputation.
When we go to the official website of SuperForex - Superforex.com, we will find that this firm provides trading services on the Forex financial market in England. SuperForex also offers trading software.
Our experts studied the official site of SuperForex, got acquainted with the terms of action, made attempts to get at least test access to the services, looked at the existence of documents, the place of registration of the company.
With the help of this information, we will understand: Is SuperForex a scam or not?
In addition, we will explain to you how not to fall for the bait of scammers, about their methods of action. We will tell you all the information you need to keep your money safe.
SuperForex is offshore
The first call indicating that Superforex.com is bandits is the country of registration. The organization is officially registered in the Marshall Islands, which is already in doubt, since the company operates in Britain. Offshore states attract the attention of criminals due to the lack of legislation and executive power.
Also, this region does not have the rights to work on Forex.
In addition, when our experts tried to identify the physical or legal address, information about the owners and management of Superforex.com, they could not find anything.
This demonstrates that SuperForex is an illegal online broker, cooperation with which can result in significant financial losses.
No details found about Superforex.com organizers
After examining the site, we could not find any truthful information about the directors of Superforex.com. No physical or legal address, phone numbers or other means of communication.
Basically, this means that real directors are trying to hide information about themselves in order to avoid answering for crimes. And even if you manage to catch one of the employees of SuperForex, then everything will end there, and the real organizers of the fraudulent company will remain free with the money.
SuperForex, the official website - SuperForex, is valid for less than thirty days
The official site of SuperForex tells about the serious experience of operations on Forex.
The main way to analyze the official site is to obtain information about its domain. As a rule, they fix the period of existence of the domain name, data for the connection of its owner.
In this case, the Superforex.com domain name works for less than one month, and the data on the individual who owns it is classified. Another evidence that SuperForex directors are trying to remain incognito.
This desire can be understood, but not when it comes to a company acting as an intermediary between the user and the Forex financial market.
At the same time, SuperForex themselves assure their clients that they have been working effectively on Forex for quite a long time.
Superforex.com does not have a demo period
It is a normal practice for online brokers to provide traders with a demo version of the programs so that they get acquainted with the interface, try their hand at trading on the Forex market with virtual money.
Unfortunately, on the official website of Superforex.com, we could not find information about the trial period, the opportunity to try out the software.
Most likely, the organizers of the SuperForex organization are simply not going to give traders trial access to the paid service, since someone is able to suspect something is wrong.
Broker Superforex.com operates with a negative balance
Official companies that operate on Forex do not use a negative balance in their activities. In accordance with the laws, the client of an online broker is not able to spend more than what is currently on the account. In rare cases, when the account goes into a negative value, the loan will be required to be repaid not by the user, but by the organization that provided its services.
In accordance with this, registered online brokers do not use a negative balance in their work.
Nevertheless, SuperForex offers its traders to work with a negative account, that is, on credit.
What is it for?
In order to drive the trader into a minus and demand to pay off the debt. This is one of the most commonly used scam methods used by financial bandits.
If this happens, you need to remember that scammers have no way to recover investments under British law. All methods of pressure on you are criminal. The maximum that criminals are capable of is to disturb with calls, write letters with demands.
You cannot cooperate with Superforex.com, as any agreements will turn into expenses.
SuperForex operate with a credit ratio of one to 400 or more
It is already obvious that SuperForex are bandits. However, let us point out one more fact, namely the existence of an excessively large credit leverage.
The credit ratio is the ratio of the money of traders and online brokers when making a transaction. Leverage makes it possible to conduct significant trading transactions for clients who do not have sufficient money freely available.
In order to protect clients in the Forex market, in civilized countries, laws require the use of a credit ratio with a maximum ratio of one to thirty, sometimes fifty.
At the same time, SuperForex uses a credit ratio of one to 400 for Forex trading.
This attitude is allowed in Switzerland, as organizations registered in this country enjoy great confidence. However, SuperForex is not registered there.
In fact, SuperForex do not have permission to conduct transactions in the financial Forex market with such a credit ratio, due to the high risk to users. Accordingly, this is used solely to force the trader not only to transfer more of his own funds, but also to drive him into debt.
Regional offices of SuperForex
It is considered prestigious for every company to have local branches in civilized countries, even if the activity takes place exclusively in Britain. Therefore, SuperForex talks about the fact that, in addition to many awards, they have regional offices in England, Australia and other developed countries, and also about thousands of qualified specialists.
It is easy to check the reality of these offices. After all, specialized organizations are known that regulate the work of Internet brokers. In England it's FCA, in Australia it's ASIC.
Because of this, the official company must have permits from these or other organizations that will confirm their right to provide Forex earnings services, indicate the level of responsibility.
However, after checking specialized official sites, we could not find them. Which once again reinforces our fears.
Registration on Superforex.com requires the transfer of personal data
As we reported earlier, SuperForex does not have a test period and, accordingly, in order to gain access, you must immediately transfer the minimum payment to SuperForex scammers. Also, access to the personal account of Superforex.com is possible only upon successful completion of identity verification.
This means that SuperForex requires its users to provide such information as:
- Information about an individual;
- Information about the permanent place of residence (scans of utility bills);
- Data about the place of work, qualifications, experience.
In addition, during the first transfer, criminals can gain access to bank account data.
In combination, this information can allow the bandits to hang a loan on the trader, or carry out other criminal frauds.
Since for registration on the Superforex.com website, it is necessary to transfer personal data, our specialists have not been able to get access to the SuperForex personal account and programs for making money on the Forex market.
Real reviews about SuperForex
The most important step in revealing SuperForex is the study of traders' reviews.
A detailed study of the issuance in search engines gave the following data:
- Most of the references to SuperForex on the Internet are lies. These are similar positive reviews and mentions of the paid type;
- All real mentions and comments about SuperForex are negative. We could not find mentions and comments from former clients of Superforex.com, which report profits, successful activities.
- Negative reviews are associated with fraudulent activities, theft of money, special creation of debt.
Accordingly, SuperForex reviews report that the online broker in question is a criminal.
Contact information and papers of SuperForex
After analyzing the mentions on Superforex.com, our experts have identified 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 online broker is not associated with regulatory organizations, then users simply have nowhere to turn for help.
On the "Contacts" page, our experts identified a phone number. It turned out that it had already been used by an illegal 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 financial market Forex online broker? Make sure that you can take away investments from him.
Studying the trader's agreement on the SuperForex website, our specialists did not see specific information about the ways to withdraw money. At the same time, we found a mention of penalties for prolonged inactivity of a personal account, but there was no information about their amounts. Since swindlers do not work in the legal field, it is impossible to protest these fines.
Because of this, if the user has finished working with SuperForex, he can be disturbed by calls and write letters demanding to pay the fine.
How does SuperForex work?
Suspicious and the method of finding new clients, which uses SuperForex.
Fake accounts in social networks are used for promotion, in which non-existent users spread information about how they instantly managed to get income by earning on the Forex market with the help of SuperForex. Fakes expose expensive cars and clothes, trips to resorts, and other manifestations of a prosperous life.
Fakes promise rapid growth in profits, for which you do not need to learn or put in a lot of effort.
If a potential trader gets in touch with scammers, SuperForex employees report the reality of rapid profits, as well as the unique abilities of their software, which will allow you to quickly make a serious profit.
After that, all sorts of tricks are used to get the maximum investment from the user. For example, a fake profit can be created to inspire the user to transfer even more money.
When work on the Forex market is unprofitable, a company representative will recommend investing more in order to cover the debt.
SuperForex employees work according to scripts developed by experienced psychologists. Scammers study data about a trader in order to put pressure on vulnerabilities, to pull out more deposits.
In any case, it all comes down to one of two ends:
- When you decide to withdraw your investment before you are in debt, you will be fined, have your balance frozen, and do everything to make you pay more;
- When you let the bandits drive the account on credit, there will be threats, criminals will start extorting to pay off a non-existent debt.
Another method to earn income for SuperForex can be the sale of your personal information to third parties. Probably, after that, information about you can be bought for a modest amount of money on an anonymous community on the dark web.
Most likely, because of this, all kinds of scammers, sales managers, etc. will begin to spam you more often. You should also wait for calls from Superforex.com's accomplices who will offer to "receive" the lost funds, of course, for the reward.
Since SuperForex does not operate legally and remains anonymous, Superforex.com will not be able to be held accountable in the UK. The heads of the shadow company are carefully hiding and in the best case, law enforcement agencies will be able to catch one of the "workers".
Should I trust SuperForex?
If you are going to give money to bandits, then spend it on charity.
Let's briefly list the evidence indicating that SuperForex are scammers:
- Lack of official registration;
- No test period;
- Lack of information about the owners of the company;
- Phone found in criminal operations;
- Negative balance;
- Leverage greater than one in fifty;
- Negative reviews;
- False data on the website.
Our review of SuperForex is over. It is clear that SuperForex are criminals.