SuperForex vs FxPro - Fees Review included
Which broker is better SuperForex or FxPro? Our expert assessment conducted according to TU’s own methodology showed that SuperForex is one of the top brokers in the financial market with the TU Overall Score of 5.8 out of 10. FxPro is one of the top brokers in the financial market with the TU Overall Score of 8.74 out of 10. Find out more about TU Overall Score.
| Feature | SuperForex | FxPro |
|---|---|---|
Overall |
3.2 |
4.6 |
1.4 |
5 |
|
2.9 |
3.9 |
|
4.2 |
4.6 |
|
Investment Instruments |
3.1 |
4.9 |
Platforms and Charting Tools |
3.0 |
4.2 |
Deposit and Withdrawal |
2.9 |
4.5 |
Research |
4.1 |
4.7 |
Education |
4.5 |
4.6 |
Support |
2.6 |
4.5 |
Bonuses |
3.5 |
2.5 |
|
|
|
SuperForex vs FxPro: Pros and Cons
“SuperForex” company is the licensed Forex-broker, founded in the year 2013. “SuperForex” broker remains professional in its brokerage servicing and believes that reliability and transparency are its main features. This company tends to provide Forex market participants with the most beneficial trading conditions
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
| SuperForex | FxPro | |
|---|---|---|
| Overall Pros | Low entry threshold from 1 USD | Regulated in EU and Great Britain |
| High leverage limit - up to 1:1000-1:2000 | Big choice of ECN/STP accounts | |
| Transparent formation of the rating of traders in the social trading service | insurance of client funds | |
| Strong research and education | ||
| PAMM and Copy-trading for investors | ||
| Personal offers for VIP-clients | ||
| Overall Cons | Offshore regulation | High spreads and fees |
| There is a brokerage commission for withdrawing money | No forex bonuses |
SuperForex vs FxPro: Safety and Regulation
| Regulated By: | SuperForex | FxPro |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
IFSC (Belize) |
FSCA (South Africa), SCB (Bahamas) |
SuperForex vs FxPro: Trading Conditions
| Trading Conditions | SuperForex | FxPro |
|---|---|---|
Minimum Deposit |
From $1 |
$100 |
Trading Platforms |
МТ4 |
MT4, MT5, MultiTerminal |
Max Leverage (Futures) |
1-1000-1-2000 |
1:500 SCB regulation 1:30 (FCA, CySec regulation) |
Supported Markets |
Forex, Shares, Indices, Cryptocurrency, Metals, Energy |
Forex, CFDs on indices cryptocurrencies, stocks, energy commodities |
Trading assets |
400+ |
3000+ |
Trading Accounts |
STP (Standard, Swap Free, No Spread, Micro Cent, Profi STP, Crypto), ECN (ECN Standard, ECN Standard Mini, ECN Swap-Free, ECN Swap-Free Mini, ECN Crypto |
FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP-account |
Base Account Currencies |
USD, EUR, GBP (+ RUB, ZAR, NGN, CNY, BDT, INR, THB, KES, MYR, BRL, BDT, AED) |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
SuperForex vs FxPro: Fees
Forex Trading Fees
| Fee | SuperForex | FxPro |
|---|---|---|
Standard Account EURUSD Average Spread |
2 pips |
2.4 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$9 per lot |
Not offered |
ECN Account EUR Average Spread |
From 0.0 pips |
Not offered |
CFD Trading Fees
| Fee | SuperForex | FxPro |
|---|---|---|
CFD Trading Fee |
Floating and fixed spreads |
Floating spread |
Non-Trading Fees
| Fee | SuperForex | FxPro |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
0.5%-5% |
No |
Inactivity Fee |
No |
$5 per month after 6 monthes without trades |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
SuperForex vs FxPro: Trading Assets
| Asset Name | SuperForex | FxPro |
|---|---|---|
Overall |
400+ |
3000+ trading assets |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
SuperForex or FxPro: Investment Programs
| Asset Name | SuperForex | FxPro |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FxPro or SuperForex
| SuperForex | FxPro | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
FxPro |
Others |
No |
No |
|
|
|
SuperForex vs FxPro: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | SuperForex | FxPro |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes (Only Bahamas and South Africa regulated entities) |
Crypto |
Yes |
No |
SuperForex vs FxPro: Research
| Research Type | SuperForex | FxPro |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
SuperForex vs FxPro: Education
| Education Type | SuperForex | FxPro |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
FxPro vs SuperForex: Support
| Support Features | SuperForex | FxPro |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Messengers |
No |
SuperForex vs FxPro: Forex Bonuses and Promo
| Promo | SuperForex | FxPro |
|---|---|---|
Forex Bonus |
Welcome, no deposit, classic bonuses with rewards from 30%-50% up to 750 USD |
Not offered |
Affiliate Program |
Affiliate programs with a yield of up to 75% of the referral commission or with a fixed commission of up to 45 USD |
Up to $1.100 per client you introduce to FxPro |
Other Promos |
||
|
|
|
Top 5 Reviews on FxPro
-
Comment
To become a successful forex trader, you must know the four trading sessions and best time to trade in the most busy session. Forex trading sessions are times when the forex market is open and closed in different regions. You have to learn about these sessions to know when each opens and closes before you open a position. Out of the four sessions, new york and London is the ones with the highest trading volume and the best sessions to trade in if you want to trade in a busy market. I use the FXxPro Global Stock Exchanges session times to know what session is open and to monitor when two sessions overlap especially the New York and London overlap which is the best time to trade as it is known to have the heaviest volume of trading and is best for trading opportunities. Personally, this is one of the simple but helpful tools for day traders on FxPro.
-
Comment
You can transfer from your Fxpro wallet to your trading wallet 24/7. I happen to be busy during the weekdays and only trade during the weekends, now i want to transfer funds between my FxPro Wallet and trading accounts during the weekend to trade. The first time i tried i had few open positions and it stalled but after closing the positions it was successful. So transferring funds between fxpro wallet and trading accounts during weekends is possible if the specific trading account you are transferring from does not have any open positions. You will not be able to move money from an open trade you had over the weekend to your wallet until the market reopens on Sunday at 22:00 UK time.
-
Comment
When you encounter any challenge with your trade, the best option is to contact the customer service agent if you don't have any senior trader you can get help from at the moment. At least the Fxpro customer service is fast, responsive, and made up of experts. Issues with verifications, deposit and withdrawals are best handled by the support team, especially those that have to do with delay in funding accounts. You can use the FAQ option to solve some recurring issues as you can find answers given to traders who had similar challenges earlier. In one of the occasions connecting to the customer support was not going through so i decided to check the FAQ section. My challenge has to do with transferring from my wallet to my trading account. I solved this with the answer from the FAQ section.
-
Comment
Great broker FxPro. It has decent trading tools and a wide range of assets. This is good because the opportunity to invest in multiple financial markets simultaneously is an advantage for any trader. FxPro has a fairly professional customer support service, helping to resolve various issues. I've traded here on two platforms, and they both work quickly.
-
Comment
You can entrust FxPro with your money. As far as I know, the company has established itself as a decent broker and it would be surprising when they engage in manipulation here. I have been trading with FxPro for many years and during all this time I haven’t noticed any manipulations or bucket shop methods.
Top 5 Reviews on SuperForex
-
Comment
After collaborating with SuperForex for two years, I can say that trading here is possible. It's not a broker that ranks high in ratings, but it's also not a scam. Unfortunately, there is no license from a serious regulator. However, I would seriously consider a license if I suspected SuperForex of manipulation. But I haven't noticed any. And I withdraw profits without significant problems or delays, although the withdrawal times are not the shortest.
-
Comment
I transferred my funds to Super Forex to study market conditions for algorithmic trading. I earned some money, but every time I tried to withdraw funds, I was refused with different excuses. Super Forex offers good market conditions with low fees and spreads, but it won’t allow you to withdraw your money. I recommend avoiding this company.
-
Comment
I left SuperForex. Spreads and fees are too high there. There are both deposit and withdrawal fees. The platform is not very fast. There are also frequent slippages that can be up to 20 pipis depending on the asset. But SuperForex has low liquidity.
-
Comment
The SuperForex broker didn't appeal to me. I encountered very pushy managers. They called me several times a day from different phone numbers. While I was researching this company and communicating with SuperForex's support service, they suggested that I provide my phone number for a manager to contact me. Unfortunately, that was my mistake.
-
Comment
I don’t think that Super Forex has guarantees for the safety of client money. Moreover, this company also offers strange bonuses for funding your account. If clients fund their accounts with more than $1,000, SuperForex credits them with the same amount as a bonus. In fact, such bonuses are prohibited by EU legislation. And there are no restrictions for registering EU citizens on the Super Forex website.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!