SuperTrader Markets (Supertraderfx.com.au) is a CFDs and Forex fraudulent broker scam to hit the lucrative Forex world. Super Trader Markets is claiming to offer unmatched Forex services for all to see. Complaints have been sent to us by users who have been conned by SuperTraderMarkets. That’s why we decided to conduct a thorough investigation to find out the truth. Make sure to read this honest review and get to know tricks used.
As we always point out in almost all our reviews, it pays to read what experts say regarding a product. With SuperTrader Markets, the internet is buzzed with negative feedback regarding this broker. Note that scammers will say or do anything to get noticed by newbie investors. They do this in the hopes that they will sign up as many investors as they possibly can. Once they get their fill, they shut down without warning.
Claims and promises are what makes a scam to work. These scammers know it and they take advantage of the need to make money. What Super Trader Markets has done is create a website that easily entices the eye. No one can possibly imagine that with such a user-friendly interface, their platform is a scam. That’s what scammers are all about, making sure to gran your attention at all costs.
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Disclaimer at the bottom of the homepage reveals that this broker is owned by Supertrader Investment Pty LTD. Problem we have with their disclaimer is that they have mentioned other companies to be owners. This broker has mentioned TradeMax Group Pty LTD and CMC Markets as owners. That begs the question, which one of these companies is really behind SUPERTRADER MARKETS?
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Another disturbing feature with this platform is the level of anonymity their place on themselves. Who actually owns SuperTrader Markets? There’s no actual name of a real person behind this platform. And this makes Super Trader Markets a dangerous platform to deposit money with. All they do is get your money and that’s the last you will hear from them.
They have even put up a number to try and prove their registry claims. AFSL number 443886 is listed as their legit licensing number. Folks, we earlier said scammers will do or say anything to ger recognition. That’s what this scammer has done just to try and legitimize their platform, put up a random number.
To prove that this is simply a random number, where’s their certificated and documentation. A real broker will easily post their licensing certificated and documents for all to see. ASIC clearly hands out credible certificates to brokers. Why have they failed to provide us with visible certificates? It’s because we are dealing with a rogue broker who simply wants to steal funds. Stay away from this broker and never sign up with them.
Have you noticed that they have rigged the demo account? This is one of those tricks that the naked eye can’t see. These brokers have rigged the demo account to make over 90% winning trades. These scammers do this in the hope that it will entice users into signing up with a real account. Once a user sees that they are making money with a demo account, they will want the real thing.
What this broker will do is simply take your money and run with it. That’s why it’s best to stay clear of this rogue broker and their illicit practices. Relevant authorities should look into this platform and shut down their whole operation. That’s one way of staying safe from scammers.
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What we found odd with their live chat is that it’s in Chinese. How does an Australian based Forex broker have a Chinese support chat box? This means that SuperTrader Markets is not based in Australia but somewhere else. That’s not all, their don’t have a live chat support. Users are required to send an email and wait for a response. And that’s if you can write in chinese. This makes this broker highly inaccurate.
In this time and age, you would expect a broker to offer at least, bot services. Fact that they have a Chinese chat box is proof that they don’t want to be contacted. This is what a scam brokerage plot looks like, they are on the verge of running away. It becomes hard to communicate with these fraudsters.
Folks, funds are never safe with a broker who is a liar and a fraud. To start with, this broker has failed to mention their depository bank. Where do they deposit money sent by users? It could be possible users are depositing money straight to the owner’s personal bank account. That’s why trusting this broker is a hard thing for us. There’s more damaging reasons not to trust SuperTrader Markets.
Did you know that this broker does not segregate accounts? This means that Super Trader Markets is pooling funds in one account. This is quite dangerous especially if they face bankruptcy or insolvency. SuperTrader Markets does not participate in a compensatory scheme.
According to their platforms page, this broker has two different platforms users can choose from. They claim to have Next Gen platform as well as MT4 trading platform. In order to test their platforms, we had to see whether they are compatible with various devices. Download stalled at 47% which is bad news for users. This means that the platform is unstable.
An unstable platform will leave users vulnerable to cyber-attacks. Worse still, these hackers get into unstable platforms and steal credit card details. This is why dealing with this broker is a dangerous affair which will leave users crying.
Make sure to mark all their emails as Spam. Ignore all their promotional materials sent by their email marketing team. These emails contain harmful malware that steals personal data. That’s why you need to stay away from this broker. Ensure you warn your friends and relatives from signing up with this broker as they will leave you broker.
Evidence clearly shows that we are dealing with a rogue Forex broker. That’s why our only option is to add this broker to our blacklist of Forex scams. From their level of anonymity, this broker will surely tarnish the good Forex trading name. Stay away from this broker and never sign up with them.
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Finally, we wish you all the best in your Forex trading ventures.
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