Superlative FX Market Review – Beware Of Their Scam Tactics!

If you’re pondering on investing with this scam firm based on their unsubstantiated claims of dedication to customer satisfaction, you should first read this Superlative FX Market review. 

We’ve collected enough evidence to not only rebuke all their claims but also expose their fraudulent intentions entirely. Keep reading and you will learn about a whole other dimension of this business.  

Conflicting Company Data

As an alleged UK company, you’d expect this firm to be registered with the UK Companies House, yet they clearly aren’t. Also, the jurisdictional regulator that is supposed to act as their supervisor – FCA has never licensed them. As a matter of fact, this institution has put up a public warning against this shady conduct. 

When you attempt to find out more about this firm, the website will only tell you that it’s a forex dealer in the form of a private company with over 20 years of experience. This couldn’t be more fake, so we continued our investigation by combing through the registers of BaFin, CySEC, NFA and CONSOB. Nothing came up. 

In reality the broker in question may not even differ from common offshore frauds like QxBroker, so do not accept any proposals made by them. 

Geo-Localization Of Victims

It isn’t quite clear how these swindlers acquire new victims. All of the links to their social network profiles lead to suspended accounts. It appears that they were lurking social platforms in search for potential targets but have vanished after being blacklisted. 

One more common way that could explain the mechanics of their fraudulent activities is engagement of boiler room agents. These have the tendency to molest their marks with ever repeating phone calls that border harassment, threats and rudeness. 

Traders from the following countries report about this occurrence:

• United Kingdom
• Pakistan
• Germany

Ruthless Trading Terms

Trading under these conditions will inevitably cost you more than you would have to pay if you signed up with a properly regulated broker. We say so because the trading costs are far higher than what is the industry average. For example, starting spreads for the cheapest account are 3.3 pips on Forex majors.

But that is not all. The level of exposure is absolutely insane. You see, while even the starting leverage of 1:300 is unacceptable, the final ratio of 1:5000 will leave you penniless and indebted in a matter of minutes! 

Deposit Bonus

After signing up and depositing your first amount to your account, you will be awarded with a $100 bonus cash. This is not optional and the broker assigns this bonus to every new client that deposits at least $500 for the first time. However, the withdrawal terms in this case are not disclosed and a notorious trading volume requirement may be used as an excuse to prevent payouts.

Tools With Dubious Performance

Blacklisted online trading brands are flagged for a reason. Nothing you find on their site is actually worth the price or your trust. The firm in question is a good example of that. We’ll now review each of these aspects separately. 

Low-Quality Software

Instant and secure trading is what is promised to be provided by the Superlative FX Market platform. That’s a lot to expect from a poorly coded web-based terminal. The distribution mainly consists of imported TradingView charting and unresponsive buy and sell buttons. 

Also, you can forget about conducting advanced technical and fundamental analysis or relying on Expert Advisors. That’s something reserved for the proven industry leaders like MT4, MT5 and cTrader, offered by True Forex Funds.

Restricted Access To Markets

This trading portal doesn’t limit just your trading strategies but also your access to the global markets too. The website makes bold statements about providing thousands of instruments for trading. Sadly there’s just a small percentage of that available: 

• Forex (EUR/USD, EUR/JPY, USD/CHF)
• Stocks (Facebook, Nvidia, Microsoft)
• Crypto (BTC, ETH, LTC, DOGE)
• Oil & Gas
• Indices (Dax, Dow Jones, Nasdaq)

Deposit Requirements

If the poor offer of trading software, pricing and instruments didn’t warn you off yet, then the packages and their deposit demands certainly will. None of these bundles offers anything particularly attractive that world-famous brokerage giants don’t already provide for $100 or less. See the prices below:

• STARTER ACCOUNT – $500
• BASIC ACCOUNT – $3,000
• BRONZE ACCOUNT – $6,000
• SILVER ACCOUNT – $20,000
• GOLD ACCOUNT – $50,000
• PLATINUM ACCOUNT – $100,000

Payments Policy

The obscure legal documentation doesn’t quite clarify how the payment processing is done. The user area is just as uninformative as it doesn’t allow access to the funding options. It seems like nothing could be done relating to transfers without the assistance of the so-called account managers.

Another problem with withdrawals, besides the unclarified fees and taxes, is that only crypto transfers are allowed. This opens way to quick theft that crypto criminals can easily conduct. 

Support Reserved For VIPs

Ordinary customers can only reach out to the Superlative FX Market support via an email. Nothing guarantees your appeals will be answered, though. The alleged VIP clients can also have access to the phone number for technical support and emergency issues. 

This is plain ridiculous at the very least. Any licensed brokerage provides callbacks, online chats, emails, and other types of multi-language contact options. 

Make The Right Choice! File A Chargeback!

This review was a thorough inspection of false trading environments that unreliable online trading companies offer. For that, and other fraudulent actions, they often get blacklisted by financial entities that regulate the Forex markets. 

In order to trade with a peace of mind and keep your funds safe, you should only go with regulated brokers as a primary choice. If, by any chance, you get defrauded, we can help you. Contact our customer support service via the online chat and book your free first consultation with our chargeback experts.

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