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Superforex is a regulated broker that offers various trading accounts for any type of traders. Here's how to open a live trading account and become a client.
Forex trading sounds like an exciting financial opportunity unlike any other. The idea of being able to trade leveraged money to earn even higher profits is certainly attractive, but most traders will soon realize that such success is never instant. The good news is that opening a trading account is really easy these days. In SuperForex, the whole process is done online and you can use the newly-made account to trade straight away.
For those who are unfamiliar with the company, SuperForex is a reliable forex broker regulated by the International Financial Services Commission (IFSC) of Belize. Aside from forex, the company also offers a number of other tradable assets including stocks, metals, cryptocurrencies, and indices.
If you are interested to become a SuperForex client, you've come to the right place. We'll uncover everything you need to know about how to open a trading account in SuperForex, along with all the requirements and which account type is best for you.
Steps to Register with SuperForex
1. Head over to SuperForex's official website and click "Open Account" at the top menu bar.
2. Read the Public Offer Agreement and tick the agreement box. Click the "Open Account" button to proceed to begin the registration process.
3. Fill out the Client Registration Form by providing your personal information, such as user type, full name, date of birth, country of residence, address, and mobile phone number. Don't forget to create a strong password for your account as well. Afterward, Click "Next".
4. Review your personal information and make sure that everything is correct before submitting. Click "Next".
5. Choose the type of your account, the desired leverage, and the account currency. You can also opt for an Islamic swap-free account. Enter an affiliate code if you have one, then click "Open Account" to continue.
6. Review your account details. Click "Open Account" to complete the process.
7. You'll see a pop-up message filled with all of your account credentials, including your Superforex account number, password, account type, pin code for withdrawal, authorization code, etc.
Keep in mind that some of this information is confidential and may not be shared with any other person, so make sure to keep them in a safe place. Once you're ready, click "Continue".
8. You'll also receive an email from SuperForex containing your login credentials as well as a brief guide on how to start your trading journey.
9. Now go back to the broker's website and log in to the Client's Cabinet using your Account Number and Password. The Client's Cabinet is where you can find all information regarding your account and manage them.
This area is also where you can participate in various contests or bonus programs and monitor your funding activities.
Once you created a live trading account, the only things left to do are make a deposit and install a trading platform to trade on. In SuperForex, you can transfer your funds through many ways, such as bank transfer, credit/debit card, and e-wallet payments. All deposits are free of charge.
As for the trading platform, SuperForex offers the highly popular MT4 platform which you can download for free. The software is compatible with almost any device, including Windows PC, Mac, Android, iPhone, and iPad.
Which Account Type Should You Choose?
Like any other broker, SuperForex offers a wide variety of account types for its clients and each comes with different terms and benefits. If it's your first time trading with the company, you may wonder which account type is the most suitable for you.
In SuperForex, there are no less than 10 trading account types that you can choose. These accounts are divided into two broad categories, namely STP and ECN accounts.
To begin with, STP accounts are suitable for any type of trader, from beginners to professionals. There are six STP accounts that you can choose, namely STP Standard, STP Swap-free, STP Micro Cent, STP No Spread, Profi STP, and STP Crypto.
Meanwhile, ECN accounts offer the chance to take advantage of a deep liquidity pool where you can easily execute orders and generate profit. Due to its advanced technology and features, this type is more suitable for professional trading. In SuperForex, there are 5 ECN accounts to choose from, namely ECN Standard, ECN Standard Mini, ECN Swap-free, ECN Swap-free Mini, and ECN Crypto.
If you're a complete beginner, SuperForex Micro account is probably the most appropriate choice because they offer a low minimum deposit of only $1, fixed spreads, leverage from 1:1 to 1:1000, and plenty of bonus promotion deals. Thus, you can trade with a very small deposit and minimize your trading risks.
On the other hand, if you're an expert trader looking for big trading opportunities, we suggest you open the STP/ECN Standard account. You can trade with a larger lot size and make bigger profits as well. You can execute orders really fast, especially for when you use Expert Advisors (EAs).
Another option for expert traders is the Profi STP account which allows you to trade with a maximum leverage of 1:3000. With such leverage amount, you'll have more control over your trades and generate much higher profits too.
SuperForex is a broker that operates on a global scale and is regulated by the International Financial Services Commission (IFSC). Since 2013, they have been providing high-quality services encompassing trading and investment through mobile platforms, a wide range of deposit methods, educational features, Forex Copy, bonuses and contests, economic news and analysis, as well as a variety of account options.
5 Comments
Clara Bell
Aug 8 2023
Hi. So, it is stated in this article that SuperForex is a licensed and regulated broker. However, why is there no verification step required? Correct me if I'm wrong, but as far as I know, regulated brokers must perform the KYC procedure and identity verification to ensure that the clients they accept are safe and real people. Even though I'm just a beginner, I believe it is also important to protect one's trading account just in case hackers attempt to steal the client's password or other confidential information. I'm sure any other trader would agree with me that trading in a safe environment is a must. So, if anyone knows anything about this, please leave a comment and help me out.
Sofia
Aug 9 2023
Excellent point, Clara. Verification is indeed crucial for traders and should not be missed. Let me explain about this a little bit. So, in SuperForex, the account verification is not mandatory. In other words, it's possible to trade and make deposit/withdrawal on an unverified account. However, verification is necessary to access certain additional features, such as participating in a bonus program. You can verify your account at any time from the Client's Cabinet under Client Summary in the section Personal Details.
Like other verification procedures, you'd need to prepare some documents, including a soft copy of your passport (ID) or driver's license for the identity verification and an address registration document. According to the website, you need to make sure that the file is centered, clear (not blurry), multicolored, has a good resolution, and uncropped. The accepted file formats are JPEG, BMP, PNG, DOC, and DOCX.
Read more: Superforex Welcome Bonus: Boost Your Trades with 50% More Funds
Meggie
Aug 9 2023
"I want to add that, based on my experience, the verification process may take up to 48 working hours, so please keep that in mind as well. If your documents are rejected, several possibilities may have occurred. It might be because your documents are of low quality and unreadable, the document is not suitable for verification (it does not contain your full name or a clear photo), or the document has been used twice. Typically, when this happens, the broker would point out the issue and tell you what to do to fix it. But if you still don't know what the problem is or what you can do to resolve it, I suggest you contact customer service for more information.
Josh
Aug 9 2023
Hello, everyone. I'm a newbie trader, and I've been really interested in trying live trading for a while. However, I'm still stuck in my demo practices, feeling a bit hesitant about risking my money. Do you have any tips on how to overcome my fears?
Also, I'm having trouble deciding which account type I should choose. I've heard that SuperForex is a good broker for beginners, but they offer so many account choices! Could you please explain the differences between STP and ECN accounts, along with their pros and cons?
I apologize if I'm asking too many questions. Have a nice day!
Kian
Aug 10 2023
Hey Josh, I totally understand because I've been there too. You know, what you're feeling right now is actually very normal, and in my opinion, it's good that you're scared at first because that means you understand the risks of live trading. However, don't let this fear stop you from trying new things, even if they are risky. Keep in mind that every successful trader who came before you went through a similar transitioning phase, and they made it through.
I suggest you prepare yourself as much as possible before moving to a live account. This means crafting a strong strategy and learning how to control your orders by using risk management tools like stop losses and take profits, for instance. Another important thing is to make peace with losing trades. Know that losing is a part of the journey and is sometimes inevitable, even for the most professional traders. Understand that even though you may have losing trades, you can still be a profitable trader overall.
As for your second question, the main difference between STP and ECN is that ECN uses special technology that allows traders to trade directly with liquidity providers like large banks and corporations. Thus, orders will be executed rather instantly with less slippage, especially if you use EAs. Some of the benefits of using ECN accounts are tight floating spreads, high transparency, and openness to all traders. However, floating spreads are sensitive to market events, so please be mindful when trading with them.
Read more: 4 Things You Need to Know about ECN Brokers