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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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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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