Super Trade Fx scam – how does a broker cheat on money?
It is difficult to surprise an experienced trader with serial fraud, however, Super Trade Fx scammers do not lose hope and continue to churn out the same type of projects. Their new brainchild has a similar website design and is positioned as a multi-regulated international broker. Why you should not trust the company – we understand the review.
What is known about the Super Trade Fx brand?
| Year of founding | 2021 |
| Jurisdiction | USA |
| Control | missing |
| Field of activity | trading, investment, asset management |
The Super Trade Fx website does not say anything about where, by whom and when the brand was founded. In general terms, the crooks describe 11 years of experience and speak of working offices in 13 countries, including the UK, France and Germany. Although the page claims that the service is regulated worldwide, there is no proof of this. Checking the domain using WHOIS revealed the real date of the “birth” of the scam – November 24, 2021.
Trading conditions and account types
Trading on the site is carried out on such assets: Forex currency pairs, synthetic indices, stocks and commodities. It will not be possible to get acquainted with the specification of contracts and current quotes – this information is hidden from unregistered users.
There are two types of accounts to choose from. Spreads, commissions and the size of transactions are not given in their description. The general terms of trade are as follows:
- the minimum deposit is $500;
- trading is done on an award-winning platform – its name Super Trade Fx does not lead;
- profit from spread bets is not subject to commissions;
- Traders are provided with top-notch education and advanced risk management.
Registration of an account and withdrawal of funds
The user can clarify the details of opening an account only through e-mail or online chat. Neither the phone numbers nor the headquarters address are real. Account registration requires the initial selection of an account type – demo account or real trading account. After that, the client must enter all his personal data, phone number and payment method.
It is not known whether the trader needs to go through account verification in order to withdraw funds. Payment methods include credit and debit cards, payment systems and money transfers. But in fact, as independent experts report on Super Trade Fx, the crooks only accept payments in cryptocurrency.
Reputation of the Super Trade Fx broker on the Internet
Oddly enough, it was not possible to find any comments from users on the network. Reviews are left only by foreign independent resources, and their conclusion is always the same – this is a scam office that you cannot deal with. Therefore, crooks post comments on their page. The lack of feedback from real customers about the Super Trade Fx site suggests that the sharashka could not attract the attention of naive users.
Plumber Parker Walter was satisfied with a non-existent trade with a broker.
Super Trade Fx trading platforms and tools
The primitive site is not able to provide a comfortable trading environment – in particular because it does not have any trading software. Neither MT4 nor the browser platform is here; Apparently, scammers will breed through the AnyDesk program or draw graphics on fake sites. Links to allegedly available tutorials, e-books, courses and dictionaries are not provided.
Super Trade Fx Broker Documents
Scams from dangerous scammers all have the same platform structure and legal address. Therefore, it was not difficult to establish that the official site has several twin brothers – megafxstock.com, cryptobitstock.com, wolvestradefx.com, and others. The legal base of the office is very interesting:
- The company has not received a license in the US, although it claims to work there;
- The FCA and CONSOB issued a warning against illegal activities and blacklisted the broker;
- the only document available on the site is the “terms and conditions”. The company does not publish a privacy policy.
Conclusion – is it worth opening an account here?
The outright divorce on the part of the company is confirmed by a large number of factors – a direct connection with scam projects, warnings from regulators, illegal activities. Trade here is just imitated, so there can be no question of any advantages of sharashka. In no case can you register an account here and transfer money.
