Super forex reviews
Our T&C is not that long to read. Bonus agreement is just 1,5 pages. 2 main rules for the NDB are - enough profits + enough traded lots for withdrawal.
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Superforex reviews
118 • great
Write a review
Write a review
Reviews 118
Fantastic and fast response from broker.
Superforex a reliable broker in africa
Thanks for the app!
Wanted to leave a decent rate after the mobile app update - now it’s much easier to manage my account. Works way faster then the web version. I’d like to add the possibility to verify an account right in the app as well.
Trading wise no issues for me. I didn’t apply for bonuses, have solely my money on my ecn account. Support managers have always replied to me and tried to help, not just kicking me with standard phrases.
At first they make it look good…
At first they make it look like a good oppertunity to go for the bonus deals. But when you've excepted the bonus deals you are limited to some very bad and shady rules:
1: stoploss can't be placed thight to the positions.
2: orders sometimes can't be executed when the market doesn't move, this makes your position stuck.
3: when accepting the bonus deals you can't withdraw your profit. You can only withdraw twice the amount you have deposited. AND if you have deposited lets say 100 dollars you can only withdraw 100 dollars of profit whenever you traded 100 lots aswell. Because of this rule it is practically impossible to withdraw profits.
4: take profits cant be placed close to the current price
5: they keep falling back to their saying: "it's in the agreement you agree with when accepting the bonus". But this list with conditions is pretty big and a lot to read when you want to create the account. Tiny letters politics I call this.
6: spreads are awfull, you are not able to make quick trades.
I might had more bad things to say about superforex, but I can't remember them right now. Ill update them below if I rememberd some.
#######!I JUST WANT TO WARN YOU!#######
the spreads are awfull, you cant withdraw profits like it should, stoplosses and take profits are worthless because of the minimum distance with the current price and the orders cant be executed for like 3-5minutes.
I hope everyone will listen to this awfull experiance with superforex. Don't make the same mistakes I made.
###added after the reply of superforex###
This is what I mean by their responses. It isn't for nothing that 16% of the reviews are on a 1 star review. And that the ones that call it excelent won some sort of lottery instead of trading it themself. Be aware people!
Hello, first of all, we can't find a client with your name - daan kouwen. Can you provide us your account number? We are not sure if you are a real client.
Next, all brokers have a freeze level which is indicated in our agreement.
Superforex is not a dealing desk and from our side, there is no problem with execution. We have trading servers in different parts of the world and they are working fine. Make sure your internet connection is stable with enough speed.
We don't have limits for withdrawal on real trading accounts. Seems like you applied for the no deposit bonus. There is a bonus agreement you have to follow. In order to withdraw profit, all conditions should be followed strictly and that is our rule which was accepted by all clients who applied for the bonus.
Trading terms on no deposit bonus accounts are different and you may not apply for it and trade with your own funds without bonus rules.
Our T&C is not that long to read. Bonus agreement is just 1,5 pages. 2 main rules for the NDB are - enough profits + enough traded lots for withdrawal.
Speaking about spreads, our ECN accounts have very low spreads. You can try one yourself.
To sum up, superforex has reached more than 600.000 clients. All clients can trade using their funds with no special rules. Just follow the rules if you apply for a bonus offer. We will be waiting for your account number to check if you are a real client or whether this review is fake.
UPDATE
you have provided your account number so we could see that you've applied for the easy deposit bonus. This bonus has a 1,5 pages T&C, just 15 clauses in total.
You've applied for the bonus and agreed to it. It's very strange to see that now you disagree. We ask you to delete your review because of slander against us. Otherwise, we'll have to stop serving you as a customer because of this libel review.
Superforex review
Superforex
Reason to avoid: offshore license
Listed date: september 20, 2018
Top 3 forex brokers
FXTM review
GO markets review
FP markets review
Beware superforex is a non-regulated broker. It is NOT SAFE to trade.
About superforex
| ��️ registered in | belize |
| ��️ type of license | offshore license |
| ��️ is superforex safe to trade | no |
| ��️ recommended licenses | FCA in UK ���� & ASIC in australia ���� |
| �� alternative broker | FP markets - licensed by ASIC in australia |
Is superforex a scam or legit broker?
No, it is not safe to trade with superforex. Superforex is owned by superforex ltd. Which is an offshore company registered in belize.
Superforex is incorporated and licensed by an IFSC forex broker with its registered office in belize. Yet, belize is a known offshore zone that delivers slight and operational requirement conditions to the financial service providers. Therefore, it became an offshore zone for shady forex brokers such as trading epic, bluemax capital and more. We have a detailed article explaining the risk of trading with brokers from belize.
As claimed on the official website superforex grants access to all the major trading platforms in the world, while users may benefit from a brief forex training course by opening a free demo account and learn the basic steps along with the quite competitive trading conditions.
The services of the company offered to the retail and institutional traders, while there is no strictest application to the rules of business conduct, comparing to the reputable forex authorities alike FCA (UK) and ASIC (australia). There are currently many brokers who establish their office in belize since the company gains access to a worldwide client while stating their official regulation. But once again, in fact, IFSC is a rather self-regulatory authority that did not implement sharp follow of standards.
Generally, we do not advise to open an account and engage in trading with the offshore brokers, since it may incur significant risks even if the offering sounds very attractive. As the company not overseen regularly by the licensor or the forex industry professional authority, there are many questions in regards to how the company manages traders and overall operation.
In superforex case it has also been confirmed by some number of negative responds and reviews from their clients, while the traders faced issues with the money withdrawal or some inconvenient processes during the trading sessions or position openings.
We advise all investors and traders to avoid superforex and other brokers from belize. Traders should trade with well-regulated brokers such as UK brokers or brokers in australia and reliable brokers such as city index and XM.Com.
At first they make it look like a good oppertunity to go for the bonus deals. But when you’ve excepted the bonus deals you are limited to some very bad and shady rules: 1: stoploss can’t be placed thight to the positions. 2: orders sometimes can’t be executed when the market doesn’t move, this makes your position stuck. 3: when accepting the bonus deals you can’t withdraw your profit. You can only withdraw twice the amount you have deposited. AND if you have deposited lets say 100 dollars you can only withdraw 100 dollars of profit whenever you traded 100 lots aswell. Because of this rule it is practically impossible to withdraw profits. 4: take profits cant be placed close to the current price 5: they keep falling back to their saying: “it’s in the agreement you agree with when accepting the bonus”. But this list with conditions is pretty big and a lot to read when you want to create the account. Tiny letters politics I call this…. 6: spreads are awfull, you are not able to make quick trades. I might had more bad things to say about superforex, but I can’t remember them right now. Ill update them below if I rememberd some. #######!I JUST WANT TO WARN YOU!####### the spreads are awfull, you cant withdraw profits like it should, stoplosses and take profits are worthless because of the minimum distance with the current price and the orders cant be executed for like 3-5minutes. I hope everyone will listen to this awfull experiance with superforex. Don’t make the same mistakes I made.
Superforex reviews
118 • great
Write a review
Write a review
Reviews 118
I won $100 usd at gold rush contest
I won $100 usd at gold rush contest. I
recommend superforex for forex trading. Good customer support . Guys I recommend you to try SUPERFOREX.
I chose superforex due to good reviews
I chose superforex due to good reviews, I have a great trading experience with them, I started out on their 50 no deposit bonus, and made a profit of $11 without effort, the spreads are also great and customer service is excellent. I will continue to trade with them, since my overall experience is great.
I was very happy to win $ 50.00 at the…
I was very happy to win $ 50.00 at the gold rush contest, I am very grateful to the renowned superforex broker for the opportunity to participate. Thank you from the bottom of my heart. You are the best. Thank you.
Superforex is a global broker
Superforex is a globally operating broker with regulation by the international financial services commission (IFSC). Since 2013 we have been offering top-tier services that cover trading and investment on the financial markets for both individual and corporate clients in over 150 countries from all over the world!
Our clients are able to choose among a wide range of financial instruments for trading, investment, and funds management. Superforex boasts a highly professional team who are always working on the development and improvement of superforex products and services.
Been trading for almost 12 years now…
Been trading for almost 12 years now and i find this broker very good and will soon move all my client to SUPERFOREX so far i cant even count how many withdrawals i made and hope you keep up the great work
I won $30 usd at gold rush in round#60…
I won $30 usd at gold rush in round#60 recommend,
superforex has excellent forex trading services good company, very helpful service superforex customer support . Guys I recommend you to try SUPERFOREX
I partnered up with superforex this…
I partnered up with superforex this month and I can say they managed to create a positive image. Their manager alex replies withing 10 minutes and is really helpful with his answers. Commission is fair as well. Hope I won't change my opinion!
Broker allowed scalping
Broker allowed scalping
broker allowed scalping, ive been trading with super and fbs broker and so far super is much better, they never cancel my profit, im making money now with them. Scalping is allowed.
Scam!Scam!Scam!
All my trades were authorized and had made profits of about 23000ZAR. Once you request for withdrawal they will reject your request and cancel your orders and quote clause 5.16 as your legal agreement. I have responded to their email of rejecting my withdrawal request and asked for further explanation with detailed examples directed to my tradings and they failed to do so.
Superforex are CHEATS, THIEVES, FRAUDSTERS and SCAMMERS. Avoid by all means.
Superforex is controlled by their CEO vladmir syrov who is the perfect definition of cheating, theft, scam and fraud. They are heartless. They scammed me when depositing $53,000, and $34,000 when trading, and a further $2,572.67 which they refused to allow me to withdraw. I want to give them zero star but there was no option rather than one star as the minimum.
Please do not use their so called country representatives, local currency depositors or official partners to make deposits as it was the case with me when vladmir syrov introduced me to one of their company staff called collins mark to process my deposit who later defrauded me of my $53,000 when he connived with the company and did not credit my trading account.
They are now denying that he is not their staff but rather an agent hence they are not going to compensate me. Despite the email evidence, superforex are not ashamed and going about lying that they asked me not to deal with collins mark. This indeed is what would happen to anyone who falls into the same situation. Find below the email sent to me by superforex asking me to deal with collins mark their staff.
Hereby confirm that mr COLLINS BARINORDUM MARK is our local depositor and official IB in nigeria and you can deal with him.
His details are as follows:
name: COLLINS BARINORDUM MARK
phone: 7884611066
Sincerely yours customer department
Furthermore, the entire customer service experience with superforex is also very poor, and the staff including the CEO are very unprofessional in their dealings and communications. Superforex have lied to me on several occasions, and they are very rude, dishonest, deceitful and evasive in their dealings. They employ dirty tactics and do everything by hook or by crook to rip people off their money which are direct orders of vladmir syrov. He is a cheat, a thief and very dishonest. I stand fully responsible for my statement as I have contacted the CEO vladmir syrov and the customer services departments on several occasions to resolve my complaint but to no avail. I have challenged the CEO to take me to court if he feels that he is not guilty of my comments. You can contact me for more information and evidence to validate my claims.
Their systems do not operate automatically as they manually manipulate their systems to ensure that you lose your money. They manipulate the prices, spread, margin call, and stop out to ensure that they make maximum profit from your losses.
It is just a shame that I never read the reviews otherwise I would not have ever traded with them in the first place. I invited superforex to the forex peace army court on 06/05/2020 to resolve my complaints but they are not responding. A honest and fair company would have cooperated with the court process and provided quick response to prove their innocence. I am unable to provide full details of my case here due to the text limit of 4,000 characters but you can find full details of my complaints at the forexpeacearmy site by searching under my name (alaku) in the superforex scam alert section and in the company review sections.
They also claim to be regulated by the IFSC in belize but it is just a sham regulatory system where the regulator has no control of the financial companies in the country. Be aware that belize is one of those tax havens with relaxed financial control. I have contacted the IFSC and they have not done anything about my complaints so do not hope that you would be able to have your complaints resolved by the regulator when you have been defrauded by superforex.
They always respond to complaints with the same template by lying you took a very risky strategy and that there was a huge drop down in price. They always use their fake terms and conditions which they claim to be the solution to all complaints. They would give no explanations and would avoid discussing your complaints in detail by referring you to the T&cs. Be rest assured that referral to the vague T&C's would be the only response you get when you make any complaints and you would be speaking to a dead wall when you challenge back as can be seen even in the review that I made in trustpilot.
They have fake departments which only exist by email called dealer, and risk management and trading, to deal with your complaints but in reality, they are all controlled by vladmir syrov whose main aim is to cheat and defraud you of your money. He even writes the responses on behalf of the fake departments.
They also pay people to write fake positive reviews for them. Please do not wait to become a victim, avoid this company by all means possible. This is a warning for everybody to stay clear of superforex. They are big FRAUDSTERS and SCAMMERS.
We are informed about your issue and are working with the police of nigeria on it. Note, that we offered you not to use the services of 3rd parts to make your transaction.
We have already reported to nigeria police department in order to help you with that case and solve it succesfully and in the same time please be aware, that according client tnc we are not responsible for 3rd party according clause 9.14:
9.1.4. The customer acknowledges that the company or a third party involved in providing the services to the customer shall not be liable for malfunctioning of the telephone or internet equipment, scheduled maintenance or updates or any other events beyond the control of the company or information service providers or a third party providing services to the customer.
But in any case we are helping you in this issue and everyday working with officers in lagos for solving it.
Superforex review
Superforex
Reason to avoid: offshore license
Listed date: september 20, 2018
Top 3 forex brokers
FXTM review
GO markets review
FP markets review
Beware superforex is a non-regulated broker. It is NOT SAFE to trade.
About superforex
| ��️ registered in | belize |
| ��️ type of license | offshore license |
| ��️ is superforex safe to trade | no |
| ��️ recommended licenses | FCA in UK ���� & ASIC in australia ���� |
| �� alternative broker | FP markets - licensed by ASIC in australia |
Is superforex a scam or legit broker?
No, it is not safe to trade with superforex. Superforex is owned by superforex ltd. Which is an offshore company registered in belize.
Superforex is incorporated and licensed by an IFSC forex broker with its registered office in belize. Yet, belize is a known offshore zone that delivers slight and operational requirement conditions to the financial service providers. Therefore, it became an offshore zone for shady forex brokers such as trading epic, bluemax capital and more. We have a detailed article explaining the risk of trading with brokers from belize.
As claimed on the official website superforex grants access to all the major trading platforms in the world, while users may benefit from a brief forex training course by opening a free demo account and learn the basic steps along with the quite competitive trading conditions.
The services of the company offered to the retail and institutional traders, while there is no strictest application to the rules of business conduct, comparing to the reputable forex authorities alike FCA (UK) and ASIC (australia). There are currently many brokers who establish their office in belize since the company gains access to a worldwide client while stating their official regulation. But once again, in fact, IFSC is a rather self-regulatory authority that did not implement sharp follow of standards.
Generally, we do not advise to open an account and engage in trading with the offshore brokers, since it may incur significant risks even if the offering sounds very attractive. As the company not overseen regularly by the licensor or the forex industry professional authority, there are many questions in regards to how the company manages traders and overall operation.
In superforex case it has also been confirmed by some number of negative responds and reviews from their clients, while the traders faced issues with the money withdrawal or some inconvenient processes during the trading sessions or position openings.
We advise all investors and traders to avoid superforex and other brokers from belize. Traders should trade with well-regulated brokers such as UK brokers or brokers in australia and reliable brokers such as city index and XM.Com.
At first they make it look like a good oppertunity to go for the bonus deals. But when you’ve excepted the bonus deals you are limited to some very bad and shady rules: 1: stoploss can’t be placed thight to the positions. 2: orders sometimes can’t be executed when the market doesn’t move, this makes your position stuck. 3: when accepting the bonus deals you can’t withdraw your profit. You can only withdraw twice the amount you have deposited. AND if you have deposited lets say 100 dollars you can only withdraw 100 dollars of profit whenever you traded 100 lots aswell. Because of this rule it is practically impossible to withdraw profits. 4: take profits cant be placed close to the current price 5: they keep falling back to their saying: “it’s in the agreement you agree with when accepting the bonus”. But this list with conditions is pretty big and a lot to read when you want to create the account. Tiny letters politics I call this…. 6: spreads are awfull, you are not able to make quick trades. I might had more bad things to say about superforex, but I can’t remember them right now. Ill update them below if I rememberd some. #######!I JUST WANT TO WARN YOU!####### the spreads are awfull, you cant withdraw profits like it should, stoplosses and take profits are worthless because of the minimum distance with the current price and the orders cant be executed for like 3-5minutes. I hope everyone will listen to this awfull experiance with superforex. Don’t make the same mistakes I made.
Topedgefx
Reviews of forex products and services
Superforex bot review: is superforexbot.Com legit or scam?
Welcome to the superforex bot review.
Super forex bot is a developer of forex robots.
Superforexbot.Com has created a bunch of forex eas and indicators rather than programming all the strategies into one product just like forex condor.
These trading systems include smart system V.3, flying scalper, maximum scalper, profit FX, asia scalper pro, EA swing profit and a bunch of trading indicators.
It appears that super forex bot is always creating at least 2 trading systems every year. The smart system V.3 seems to be their most popular trading system as it’s prominently displayed on the homepage.
There’s a short video clip showing how the smart system V.3 works.
It’s basically a demonstration of the features of the trading system, but it does not offer any insights into the trading strategy or even how risk is managed.
Superforex bot proclaims that they have the best forex robot collection for automated buying and selling.
They want traders to know that superforex bot has created eas with buy and sell analysis, money management and can close trades automatically.
Though super forex bot is not making any bold claims in their marketing material, we still feel that they need to provide more information about their eas before they can even qualify for a place in our list of the most popular trading tools.
Super forex bot sells their trading systems at very affordable prices such that it can be tempting to purchase a license for any of their products.
Nevertheless, before you can spend any money on their products, you need to read this super forex bot review in order to establish whether these products are viable or not.
Superforex bot review
The vendor’s website uses a minimalist approach in their design and sales pitch.
There are no fancy bells and whistles or even promises of one getting rich overnight if they use super forex bot trading systems.
They’re listing a number of benefits associated with using their products. These reasons are not out of the ordinary as they’re the usual “benefits” we find in every vendor’s website.
- Consistent profits
- Minimal configuration
- Complete documentation
- Supported by 4-digit and 5-digit brokers
- Trading systems have passed backtests and forward tests
- Best customer support
All of the above reasons don’t really inspire serious traders to make a purchase since they’re quite generic in nature.
The superforex bot team only have one reason they think can convince traders to purchase their eas.
They believe that they can make sales by telling traders that their forex eas are placing trades automatically without human intervention.
On the other hand, we need this vendor to explain their trading approach and how they program their robots for the alleged success.
So far, we only have two types of forex robots; scalpers and swing traders. We don’t know how entries and exits are established.
We don’t know what trading methodology the individual forex robots are using to execute trades.
This lack of transparency is quite disturbing and could explain the reason why most of the superforex bot robots are very affordable. Their pricing is just too good to believe.
Trading results
Superforexbot.Com is not able to have a meaningful discussion with potential customers regarding the strategy they use in their trading systems.
We don’t think they can provide any evidence of successful trading using any of their automated systems.
The whole of this website does not provide links to the company’s myfxbook.Com account. There’s no screenshots (even if it means fabricated results) of their trading statements.
Super forex bot simply wants traders to believe that their trading robots are the best.
They claim that they’ve back tested and forward tested their products on both demo and live accounts. We’ve not found any trading results associated with any of their products.
So we believe that their claims are false and cannot be verified.
Conclusion
We skipped a part of this superforex bot review which normally discusses about customer feedback. This is simply because feedback does not exist.
We find it strange since we’ve seen that super forex bot has been around since 2018 and yet no one has ever provided any meaningful feedback regarding their service.
Either the vendor is not promoting their products or they’re just not working with customers who care to leave feedback behind.
Anyway, we can’t recommend superforex bot trading systems because they’re not backed by any trading results and secondly, the vendor lacks transparency, which is critical in building trust between them and their clients.
Thanks for reading this superforex bot review. We hope you’ll provide feedback in the comment section.
Super forex bot review: another scam!
Superforex bot located at superforexbot.Com is not a trustworthy trading robot. This review exposes reason why we think super forex robot is not the right forex trading robot for you.
With online scams springing up every day, we have taken the responsibility of reviewing products, stores, websites e.T.C in order to save you from making wrong decisions.
Is superforex indonesia safe?
Superforexbot is a trading software that claims it can make you huge profits through trading. However, the website is kinda confusing because on the homepage we see the words ‘asia scalper pro’
On further investigation we realized that superforex bot was previously known as asia scalper pro, which was in fact a well disguised scam. Now they’re back with a new name, claiming to be the best metatrader4 in the asian continent.
Do you want to make money from forex, commodities, bitcoin & other cryptocurrencies without the risk of trading yourself? Are you tired of investments scams and false promises out there? If yes, we have the best platform for you. World markets AI is a trading platform that uses artificial intelligence to select highly profitable and low risks trade for its users. Wait for it……this AI goes ahead to trade for you based on analyzed data. And guess what? It almost never loses. All you need to do is relax, manage your funds, and let this super AI trade for you! Interested in making over 30% returns on investment in just a month? Head over to world markets and select a plan to start trading
Redflags exposed- why super forex robot sucks
Though the platform might appear legit to an untrained eye, there are loopholes here and there which are unsafe to ignore. The following reasons below are why we think super forex trading software is nothing but a scam-
- They claim to be based in jakarta indonesia, however it is quite worrying that there is no proof of address on the platform.
- The claim that they offer automatic trading isn’t quite the case. We’ve had people sending us mails about their experience with this bot which hangs on some sessions.
- They failed to provide valid information. They failed to mention the type of assets the bot trades on. No one knows if the bot trades on major or minor currency pairs.
- The impression people have of super forex bot is that they are a developer of forex bots. However, we find it worrying that the people behind this platform are doing everything to keep themselves hidden from the public. We don’t know who their developers are.
The best forex robots in 2021
In this article skip to section
If you are looking to become a more profitable forex trader, or if you are a beginner in need of guidance, then our review of the best forex robots will help you find the right one for you.
Forex robots use an algorithm to look for profitable trades. You can usually set them to trade automatically (within agreed parameters) or enter a trade manually.
To become an effective trader, you will need to be able to keep up with movements of the currency markets, world economics and news – as well as use historical knowledge and data to predict when the best time to enter and leave a trade will be.
Using a forex robot automates this and takes the emotional bias out of trading. Some of the best robots operate with trade settings that can be as simple or complex as required, and take total control of the trade process, creating a passive income possibility from trading 24/7.
Forex robots do not need you to have extensive knowledge and experience of trading – most are ready to use from installation and offer everything from basic trading functionality to fully programmable settings – so even the most experienced trader can benefit from the automation involved.
How to avoid a scam product
In forex trading there are no guarantees of profit – the market can be volatile and even the most sophisticated robots (or the most experienced human forex trader) can lose a lot of money.
If you are looking for a forex robot, watch out for products that claim huge profits and cannot provide real-time examples of how they are performing. User reviews are always a good bet, as are reliable review websites.
Aside from user reviews, look for real-time usage on brokers – third party verification sites like myfxbook.Com are a good way to see how they are performing.
Robots should be tested; using historical data to see how they are performing (known as backtesting) will show where they struggle to predict trends and where they perform well.
There are, of course, many scam products available online and avoiding these can seem difficult. Although every care has been taken to ensure the products we are listing are not scams, we can take no responsibility for any financial losses.
At wikijob, we are not financial advisors and any information provided throughout this article is for educational purposes only. We would always recommend that you conduct your own thorough research and due diligence before making your own personal choice.
Things to consider when choosing your forex robot
There are a few things to think about when choosing a good forex robot, other than avoiding the scam products:
Look out for a low drawdown rate. This is a measure of decline and reduction of capital, and although high drawdowns can mean higher gains, they can also cause an account to go broke.
The best robots are thoroughly tested, against real tick data, variable spreads and real slippage. This backtesting should be available for you to view before you purchase, and real-time data from third party sites like myfxbook can help inform you how the robot is performing today.
Be wary of product reviews from unverified sources. The developers will only want to show positive reviews, and people who have lost money while using a particular robot will be likely to give it a bad review. Compare reviews from genuine users before investing.
Use a demo account. Before deciding to use a robot, try it in a test environment first. This will allow you to see how it performs under test conditions – although, be aware that test conditions can not fully simulate a real trade situation. If the robot you are considering does not offer a demo or test version, it might be too risky to invest capital in it. During the demo, you can see what settings and parameters are used by the robot too, and get used to how it works.
Make sure that you remember all robots will require some supervision. System failures, problems with internet signal and catastrophic loss can happen, so although these robots are designed to work autonomously, you will have to intervene at some point.
The most important thing to remember when choosing a product is that there are no guarantees when it comes to gains from forex and cryptocurrency trading. Products that guarantee financial gains without any form of money-back guarantee should be avoided; many of the most popular robots offer at least 60 days trading and a full refund, which makes them seem less likely to be a scam.
Top forex robots
These are some of the robots that we think are the best in the industry for 2021.
Suitable for use by beginners and experienced traders, they are available as instant downloads and all work with most brokers.
1. GPS forex robot 3
This robot uses newly developed, innovative technology and algorithms. Constantly monitoring the market in the background, it has 12 selectable trading styles and strategies, so you can choose the one that suits your needs.
Ready to go out of the box, GPS forex robot is simple to use. Set to receive automatic updates whenever the programming needs to be tweaked, it is constantly updated – allowing you to take advantage of developments straight away.
Minimum deposit – $100
Win/gain rate – website shows live, verified gains of 300%+
2. Forex trendy
This expert advisor is an automated analysis system that helps users avoid trading during any uncertain trading times.
It is capable of looking at charts on 34 forex pairs, from minutes to monthly, and is a browser-based EA which means there is nothing to download or install.
Although it will not place the trade for you, it will advise when the best time to buy or sell would be.
Minimum deposit – $250
Win/gain rate – the creator claims 90% accuracy if trades are made as directed
3. EA builder
The EA builder allows every trader to create their own indicators and strategies without any programming knowledge.
It has a simple interface that establishes rules and algorithms so you can trade anything with several features in just a few clicks.
This web-based program does not need any installation and works effectively with metatrader 4 + 5, as well as tradestation.
Minimum deposit – depends on platform
Win/gain rate – depends on strategy used
4. Forex diamond
Forex diamond combines three independent trading systems to offer a self-updating algorithm that has a profitable 40+ recovery factor.
With the option to run trend retrace, countertrend or countertrend scalping independently or in combination, this EA offers real-time calculation that helps trades be more successful.
Minimum deposit – $1,000
Win/gain rate – according to results, between 75% and 80% depending on currency pair
5. FX-agency advisor
This is a manual tool that is simple to use for beginners and comes with a comprehensive and detailed instruction manual to help newbies navigate their trades.
FX-agency advisor uses unique technical analysis indicators suitable for both scalping and long-term trading and is suitable for use on all currency pairs.
Minimum deposit – depends on platform
Win/gain rate – not known
6. Wallstreet forex robot 2.0 evolution
The wallstreet forex robot has the longest, fully verified performance according to myfxbook, and it works on any currency market.
The 2.0 evolution is based on the original configuration of low-risk scalping following short and medium-term trends, with the addition of the broker spy module which allows you to protect your capital from unethical brokers.
Minimum deposit – $1,000
Win/gain rate – demonstrated monthly gain of 2.98%
7. FX pattern pro
This beginner-friendly pattern indicator is an EA that alerts users to the best times to buy and sell through alerts.
The user-friendly interface makes it simple to see when the alerts have been sent, and the buy/sell signals do not repaint thanks to the unique algorithm.
FX pattern pro is an all-inclusive solution that sends alerts through telegram, so you can perform trades on the go.
Minimum deposit – depends on platform
Win/gain rate – 80% win rate claimed by creator
8. Trademiner
Trademiner is an indicator that scans market data to identify historical or seasonal trends.
Creating easy to read reports based on custom search parameters, it is a great way to back up or inform trading strategies and decisions based on the cyclical nature of the trading system.
This effective backtesting tool works on forex, futures and stocks.
Minimum deposit – depends on platform
Win/gain rate – historical trading is known to be 80% accurate but will depend on what actions the user takes
9. X trend premium
This is a forex indicator that, according to the creator, uses algorithms that adjust to real-time market fluctuations.
Indicators can be sent to you via email or even as push notifications on your phone, but as this is just an indicator, you need to be in a position to physically make the trades yourself, unlike some of the automated robots.
Minimum deposit – $100
Win/gain rate – according to reviewers, the risk/reward ratio is 1:3
10. Forex gump
This forex robot runs on nine currency pairs and monitors trends, prices and news.
You can set your trading preference to high, medium or low risk – and this will affect the outcome of your trades.
It comes with full instructions and support, and even offers a money-back guarantee.
Minimum deposit – $4,000 regular account, $400 on a nano account
Win/gain rate – some report gains of over 1,000%
11. Auto ARB
Created by leap-FX, this is an arbitrage-based robot that takes advantage of slow connections against faster markets, reacting to make a profit in the time lag.
It works on all currency pairs, cryptocurrency, stocks and indexes, as it uses the speed of the broker connection to the market.
With the automatic trading, it makes it simple for anyone to use, and the creators say that it is almost risk-free.
Minimum deposit – depends on your broker and platform, works on demo accounts
Win/gain rate – although the creators claim it is almost risk-free, reviewers seem to think it doesn’t work well on live accounts, and no information about the win rate is available.
12. Centobot
This is a robot that deals with forex and cryptocurrency; you can use it to trade across both.
The software is easy to use, and if you have the knowledge, you can use it as a platform to create your own robot with your preferred settings.
Minimum deposit – $250
Win/gain rate – reported profit of 297%
13. 1000pip climber system
This forex system is based on an algorithm that analyses the market and provides signals through visual, audio and email notifications.
The free guide makes it simple for beginners to follow and it has clear signals giving information about entry, stop loss and take profit rules.
It is a ‘slow and steady’ forex robot, with minimum risk – but perhaps less reward than high-risk strategies.
It closes trades based on the algorithm, although changes can be made to the minimum and maximum limits.
Minimum deposit – no minimum noted
Win/gain rate – the creator claims that this system has targeted 20,000 pips over three years
Final thoughts
There are hundreds of forex robots available today. They were developed using the latest technology to ensure that they can look for the most profitable trades, and are created to help both complete novices and experienced traders.
You don’t need to have prior knowledge of forex trading to use these robots – with predefined settings, most can be operated with a simple start/stop button press. For the experienced trader, the robots with adjustable settings allow you to adopt a riskier strategy by adjusting the stop loss to take profit points.
When you are looking for a forex robot to automate your trades, it is worth deciding on a strategy that you prefer before selecting your forex robot. Different robots have different trading styles – and finding the one that will gain you the most while protecting your bottom line is sometimes difficult.
Whether you prefer the security of hedge trading – buying and selling during the same trade to protect your bottom line – or you are interested in a news-based strategy, there is a robot to suit you.
Forex robots can make it simple to trade when you lack experience or time, if you invest in the right product.
Wikijob does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.
How to spot a forex scam
The spot forex market traded over $6.6 trillion a day as of april 2019, including currency options and futures contracts. with this enormous amount of money floating around in an unregulated spot market that trades instantly, over the counter, with no accountability, forex scams offer unscrupulous operators the lure of earning fortunes in limited amounts of time. While many once-popular scams have ceased—thanks to serious enforcement actions by the commodity futures trading commission (CFTC) and the 1982 formation of the self-regulatory national futures association (NFA)—some old scams linger, and new ones keep popping up.
Back in the day: the point-spread scam
An old point-spread forex scam was based on computer manipulation of bid-ask spreads. The point spread between the bid and ask basically reflects the commission of a back-and-forth transaction processed through a broker. These spreads typically differ between currency pairs. The scam occurs when those point spreads differ widely among brokers.
Key takeaways
- Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist.
- One shady practice is when forex brokers offer wide bid-ask spreads on certain currency pairs, making it more difficult to earn profits on trades.
- Be careful of any offshore, unregulated broker.
- Individuals and companies that market systems—like signal sellers or robot trading—sometimes sell products that are not tested and do not yield profitable results.
- If the forex broker is commingling funds or limiting customer withdrawals, it could be an indicator that something fishy is going on.
For instance, some brokers do not offer the normal two-point to three-point spread in the EUR/USD but spreads of seven pips or more. (A pip is the smallest price move that a given exchange rate makes based on market convention. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point.) factor in four or more additional pips on every trade, and any potential gains resulting from a good trade can be eaten away by commissions, depending on how the forex broker structures their fees for trading.
This scam has quieted down over the last 10 years, but be careful of any offshore retail brokers that are not regulated by the CFTC, NFA, or their nation of origin. These tendencies still exist, and it’s quite easy for firms to pack up and disappear with the money when confronted with actions. Many saw a jail cell for these computer manipulations. But the majority of violators have historically been united states-based companies, not the offshore ones.
The signal-seller scam
A popular modern-day scam is the signal seller. Signal sellers are retail firms, pooled asset managers, managed account companies, or individual traders that offer a system—for a daily, weekly, or monthly fee—that claims to identify favorable times to buy or sell a currency pair based on professional recommendations that will make anyone wealthy. They tout their long experience and trading abilities, plus testimonials from people who vouch for how great a trader and friend the person is, and the vast wealth that this person has earned for them. All the unsuspecting trader has to do is hand over X amount of dollars for the privilege of trade recommendations.
Many of signal-seller scammers simply collect money from a certain number of traders and disappear. Some will recommend a good trade now and then, to allow the signal money to perpetuate. This new scam is slowly becoming a wider problem. Although there are signal sellers who are honest and perform trade functions as intended, it pays to be skeptical.
"robot" scamming in today’s market
A persistent scam, old and new, presents itself in some types of forex-developed trading systems. These scammers tout their system’s ability to generate automatic trades that, even while you sleep, earn vast wealth. Today, the new terminology is “robot” because the process is fully automated with computers. Either way, many of these systems have never been submitted for formal review or tested by an independent source.
Examination of a forex robot must include the testing of a trading system’s parameters and optimization codes. If the parameters and optimization codes are invalid, the system will generate random buy and sell signals. This will cause unsuspecting traders to do nothing more than gamble. Although tested systems exist on the market, potential forex traders should do some research before putting money into one of these approaches.
Other factors to consider
Traditionally, many trading systems have been quite costly, up to $5,000 or more. This can be viewed as a scam in itself. No trader should pay more than a few hundred dollars for a proper system today. Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Instead, look for legitimate sellers whose systems have been properly tested to potentially earn income.
Another persistent problem is the commingling of funds. Without a record of segregated accounts, individuals cannot track the exact performance of their investments. This makes it easier for retail firms to use an investor’s money to pay exorbitant salaries; buy houses, cars, and planes or just disappear with the funds. Section 4D of the commodity futures modernization act of 2000 addressed the issue of fund segregation; what occurs in other nations is a separate issue.
An important factor to always consider when choosing a broker or a trading system is to be skeptical of promises or promotional material that guarantees a high level of performance.
Other scams and warning signs exist when brokers won’t allow the withdrawal of monies from investor accounts, or when problems exist within the trading platform. For example, can you enter or exit a trade during volatile market action after an economic announcement? If you can’t withdraw money, warning signs should flash. If the trading platform doesn’t operate to your liquidity expectations, warning signs should flash again.
The bottom line
Conduct due diligence on the forex broker you’re considering by going to the background affiliation status information center (BASIC), created by the NFA. Many changes have driven out the crooks and the old scams and legitimized the system for the many good firms. However, always be wary of new forex scams; the temptation and allure of huge profits will always bring new and more sophisticated scammers to this market.
Trading crypto with super-five broker review
Published: 15th december, 2020.
Broker information
Platform info
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Open free
demo account
Expert summary
Super-five is a cryptocurrency trading brand owned and operated by pivotech global ltd. The brand aims to reach out to a global audience via its trading offer, stating that its primary interest is cryptocurrency trading.
Clients working with this brand will gain access to tens of different crypto instruments, a significant advantage, which many other well-known brands have not yet adopted.
All products are accessible via the webtrader, a proprietary platform developed by super-five. It integrates multiple trading features and tools, such as tradingview charts, price alerts, customer support via live chat, the ability to make deposits, risk management tools, and others.
When signing up with the platform you can choose from multiple deposit/withdrawal options, including credit/debit cards, wire transfers, or cryptocurrency.
For withdrawals, it is essential to mention that passing the verification process is mandatory due to the KYC/AML policy. As a client, you will need to provide an ID, proof of residence, and proof of payment, in case you deposited via a credit/debit card.
The product range, when it comes to crypto, is very diverse at super-five. The platform covers; bitcoin, ether, litecoin, zcash, XRP, cardano, neo, dash, monero, IOTA, ethereum classic, stellar, tron, and tens of other cryptocurrency instruments denominated in tether, bitcoin, or ether. Super-five, therefore, provides access to some of the most liquid cryptocurrency instruments in the market, enabling clients to benefit from reduced trading costs.
The super-five platform provides a convenient and affordable solution for traders all around the world, as well as the option to become involved in the crypto market without major limitations and by working with a brand that has a customer-oriented approach.
Forexfraud recommended broker
Unique trading features at super-five
What stands out when we look at super-five is its webtrader, a platform designed to perform at its peak for the cryptocurrency market. By integrating the latest trading technologies, the platform is ideal for technical analysis and keeping track of the latest market news (provided by CNBC).
Simple, yet highly versatile, the webtrader can be used on desktop, laptop, or any mobile device (smartphone or tablet). As long as they have an internet connection, super-five enables its client to stay in close touch with the market from any location at any time.
Affordability is another crucial aspect to mention about the brand. Opening an account is uncomplicated and no large initial deposits are required. All clients have access to equal trading conditions, with no one being favoured. The super-five registration process takes less than a minute. An essential requirement for a brand that aims to quickly grow its customer base.
Regarding the platform itself and the overall trading experience, super-five made everything simple, so any individual, with or without trading experience, can start with ease. Even when issues arise, the customer support service is there to help, via email, phone, or live chat.
All trading features available with the brand work symbiotically and ensure a smooth experience, no matter what happens in the market.
Super-five trading software
Beginners and experienced traders will find webtrader a trusted trading platform with which to work. Its customisation and flexible structure can adapt to any environment and with five different languages available such barriers are no longer an issue.
Tradingview charts provide access to a broad range of technical analysis tools. With CNBC news, price alerts, the ability to make deposits, and to see the risers and fallers for the day, you will benefit from a full pack of tools to identify trading opportunities when they arise.
Although the super-five webtrader is the only platform available, it is versatile and integrates enough resources to satisfy different types of traders.
Super-five deposits and withdrawals
Funding an account is straightforward as super-five accepts deposits via credit/debit cards, wire transfers, and cryptocurrencies. The same methods are used for withdrawals after the verification process has been passed.
Super-five pays close attention to KYC/AML compliance. Therefore, all clients must provide identification documents, including ID, proof of residence, and proof of payment (in case the deposit was made via credit/debit card), before being able to make a withdrawal. The brand manually processes all requests to ensure that a withdrawal to an unauthorised party cannot be made.
Forexfraud recommended broker
Is super-five safe to use?
As a trading brand that announces it is fully committed to maintaining safety, super-five relies on effective security solutions. It uses the latest technologies to ensure that client funds are kept safe all the time. All accounts are protected with multiple layers of security, and with KYC/AML requirements in place, nobody will be able to make unauthorised financial transactions from any trading account.
With all those measures in place, working with super-five means that all the security responsibility falls on the broker’s shoulders, leaving traders to focus on the trading process. Super-five continually looks for methods to enhance security features and has a flexible approach in adjusting its trading infrastructure accordingly.
Super-five customer support
Existing customers or any individual that is interested in finding out more about the services provided can use the email address or the live chat features, as well as to request a call-back to talk with a representative. It is also important to note the service is available 24/6, considering that cryptocurrency trading is available 24/7.
Super-five review conclusion
With many different competitive trading conditions designed for the crypto market, super-five is a great contender to be a trading partner for traders. The brand can assist clients in their first steps towards cryptocurrency trading by currently supporting a wide range of instruments and by promising to constantly adjust its offer depending on market developments.
Beginners and more experienced traders will find the super-five ecosystem appealing, thanks to the broad range of trading tools available. Both simple and practical, the webtrader is the optimal platform to work within an environment where volatility and sudden market reactions represent the new normal.
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