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SuperFxTrade (Superfxtrade.com) is another disgraceful CFDs, Cryptocurrency and Forex scam to hit the world markets. Super FX Trade is claiming to enable your money work for you without suffering any losses. They even ask the question whether you have free money that you want to make more out of. With such a confident sales pitch, investors will surely sign up. Read this genuine and honest SUPERFXTRADE Review for more details.
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Complaints can be seen even on the search engines on how this platform is ripping off investors. We also were contacted by victims of this platform urging us to investigate the platform. An investigation was underway and what we found out is shocking. These are scam artists who will stop at nothing to ensure they got investors hooked. With over the moon claims and easy money promises, SuperFxTrade is another rotten scam. Get to know all their scam tactics in this vivid review.
Professional scam artists will create a compelling website just to entice unsuspecting investors to sign up. These scam artists know for a fact that we all want to make a quick buck or two. And they take advantage of this need by professing to offer the solution. All investors have to do is deposit some funds and wait for profit to pile up. How simple would it be if this is what we had to do to get easy and quick profit margins? Sadly, this is a trap set for unsuspecting investors.
Looking at their about us page; they claim to be a company of good reputation. Why have they failed to give users their brief history? You would expect the about us page to mention how and when it all began. They claim to have helped clients earn huge amount of money through Forex trading. If this was true, the platform would be recognized by investors all over Europe. Since they claim to have offices in UK, we did not find any company registered under their name.
On their about us page, they mention and post images of three people. They claim these are staff members who help with the day to day activities of the website. These are just random pictures downloaded from the internet. Bruce Stigha, Jerry Walf, and Eve Sephina don’t exist. They are just made-up characters in their larger scam plot. No social medial platform has the profiles of these staff members.
After using the official FCA register, we did not find the platform to be licensed or registered. The FCA is the official regulator of Forex entities in the UK were SuperFxTrade is claiming to originate. SuperFxTrade is NOT LICENSED OR REGULATED to offer any trading services. With this warning, anyone who signs up should expect nothing but a scam platform in play. Associating with an unlicensed trading platform will lead to more harm than good. Victims of the platform can testify to that.
Why has the entire website failed to give users copies of their license documents? It‘s because the platform is a quack and could not possible pass the strict regulations set to acquire a license. The reason why the platform is stealing from members is that no regulation is in place. Forex authorities don’t know that such a platform exists. Ensure you sign up with platforms licensed by ASIC, CONSOB, CySEC, FCA, FMA, and NFA.
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After looking for any advantage of dealing with this platform, we couldn’t come up with any. These scam artists are simply creating a web where they steal from all types of investors. With a cloned website, it is easy for newbies to fall for. The website has a well-designed look making it appear legit. Thanks to our years of investing and trading, we do know how to spot the cracks. SuperFxTrade is another rotten online trading platform that must be exposed for all to see.
SuperFxTrade is not informing users on the type of accounts available on their platform. Note that the platform does not mention the required minimum deposit? It is for the purpose of snipping every penny from unsuspecting investors. The platform does not mention the features available with their accounts.
Another disturbing feature we noted with Super FX Trade is lack of a working demo account. You would expect a real platform to offer a demo account for traders to test it out. A demo account is essential as it gives traders a chance to test how well a platform executes trades. And this is where we draw the line as no one knows the advanced tools available. What happens if you deposit funds and the platform is slow at executing trades? You end up losing.
According to their FAQ page, users can deposit funds using a number of available options. Sure, these scam artists will ensure deposits are made easy and fast, the process takes less than five minutes. Some of the depository channels listed include Bank wire transfer, Bitcoin, MoneyGram, and others. Just because the channels are available does not mean you should sign up. Withdrawing funds with this platform still proves to be the biggest hurdle. No member has come out with proof of ever withdrawing funds with this platform.
We believe SuperFxTrade is using a custom made platform which has some serious defects. Custom made platforms never have enough security features. And this is evident as the entire platform is not fully secure. You would expect the platform to have even the most basic security software, they don’t. No DDoS protection and SSL encryption is available on the entire platform. It makes it easy for third parties to attack this platform.
When it comes to safety of funds, this is not a guarantee with this platform. Your deposits are not safe and victims of this scam can testify to it. Without segregation of accounts happening, members are depositing funds straight to owner’s bank account. Never trust a platform which is pooling funds in one account. In the event bankruptcy or insolvency occurs, don’t expect any compensation.
Evidence clearly shows that SuperFxTrade is a scam waiting to pounce on all investors. Make sure to mark their emails as spam and never click on any links sent by their email marketing team. Warn your family and friends from signing up with their bogus affiliate programs.
Adding this platform to our scam blacklist ensures our readers are kept safe.
Go for authentic and proven brokers who have a strong online reputation. Sign up with brokers who will keep you safe at all times. A smart investor uses reliable and reputable brokers who are innovative and transparent.
Wishing all investors a safe trading experience.
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