Thinking of getting into business with Super Capital? Here is what you must know about this broker. Carefully read this review to find out if supercapitalfx.com is the trading platform you will want to trade with.
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About Super Capital Broker
Super Capital is an offshore brokerage company with a lot of promises for traders. Firstly, the broker address cannot be found on the webpage. To begin with, this is a red flag that tells us the fraudulent move of the broker.
The broker claims license from the National Futures Association(NFA).
Added, Super Capital claims six big weight advantages such as: reputation, data security, safety, service, preferential and platform.
To clarify, in spite the trading instruments Super Capital claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Here is a National Futures Association statement about this broker. See below.
supercapitalfx.com: Reasons to Avoid This Broker
Firstly, supercapitalfx.com is a platform with no financial authority overseeing its financial services. The license claim is not legit because National Future Association does not recognize this broker amongst licensed members.
Secondly, we noticed supercapitalfx.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. In fact, It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Super Capital leaves us with no specific information on what fees forex traders will be charged for any withdrawal nor processing days on each withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Super Capital minimum deposit is not available as the broker mentions nothing.
As for the payment methods, the broker accepts Debit/Credit and other online payments. But, you should not consider making any payment with this broker because it is a risk. So beware!
Super Capital Platform
Super Capital offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, the broker discusses nothing. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Super Capital Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is supercapitalfx.com a Reliable Broker?
No, supercapitalfx.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.