Superlative FX Market Reviews: Is Legit Or A Scam?

Hold your horses before you saddle up with Superlative FX Market. Amidst the shiny promises of lucrative forex trading, lurks a potential pitfall disguised as a broker. While they boast of “exceptional trading conditions,” a closer look reveals a trail of red flags and disgruntled customers. So, before you entrust your hard-earned cash to their platform, buckle up for a reality check.

What is Superlative FX Market?

Superlative FX Market paints itself as the ultimate forex haven, offering an array of instruments like currencies, commodities, and indices. They entice potential traders with generous leverage, tight spreads, and a user-friendly platform. However, scratch beneath the surface, and the picture gets murkier.

Superlative FX Market Details

Deposits and Withdrawals

Superlative FX Market boasts an array of deposit methods, from credit cards to e-wallets. However, when it comes to withdrawals, the story changes. Negative reviews paint a grim picture of delayed payouts, exorbitant fees, and unresponsive customer support. This raises a red flag about potential withdrawal hurdles, trapping your funds in their ecosystem.

If you have lost money to companies like TNFL FX, or Synth Trade; please report it to us on our Report a Scam form.

Account Types

While Superlative FX Market offers various account types with tempting perks, they often come with hidden charges and minimum trading volume requirements. These conditions can quickly drain your account, especially for novice traders lured by the initial allure.

Red Flags and Warning Signs

You would think that this company, being a purported UK company, would be registered with UK Companies House, however they are obviously not. Furthermore, they have never received a license from the FCA, the jurisdictional agency that is meant to oversee them. In fact, this organization has issued a public warning against this dubious behavior.

The website simply states that this organization is a private FX dealer with over 20 years of expertise when you try to learn more about it. Since this was so phony, we carried out additional research by going through the BaFin, CySEC, NFA, and CONSOB registries. Nothing surfaced.

Customer Complaints and Negative Reviews

A quick search online reveals a mountain of grievances against Superlative FX Market. Common complaints include:

• Difficulty withdrawing funds: Customers allege being stuck in a cycle of failed withdrawal requests and exorbitant fees.
• Unresponsive customer support: Frustrated users report long wait times, unhelpful responses, and a complete lack of resolution.
• Suspicious trading activity: Accusations of manipulated price feeds and unfair trading practices further erode trust in the platform.

Superlative FX Market Alternative Brokers

Instead of risking your hard-earned money with Superlative FX Market, consider reputable and regulated brokers with proven track records. Some reliable alternatives include:

• Saxo Bank: A well-established Danish broker with a strong reputation and multiple regulatory licenses.
• Interactive Brokers: Renowned for its advanced platform, low fees, and commitment to transparency.
• IG: A popular choice for both beginners and experienced traders, offering various instruments and educational resources.

Got Scammed by Superlative FX Market? We Help Victims!

If you’ve fallen victim to Superlative FX Market’s deceptive practices, know that you’re not alone. Several organizations and resources can help you recover your losses and report the scam:

• Financial authorities: Report the issue to the relevant financial authorities in your jurisdiction.
• Chargeback services: Consider contacting your bank or credit card company to initiate a chargeback.
• Scam reporting websites: File a report with platforms like the Financial Conduct Authority (FCA) or the Securities and Exchange Commission (SEC).

Remember, prevention is better than cure. Before investing with any broker, thoroughly research their credentials, read online reviews, and prioritize regulated platforms with a proven track record. Don’t let the allure of quick profits cloud your judgment, and trade with caution.

By staying informed and making informed decisions, you can navigate the treacherous world of forex trading and avoid becoming another victim of Superlative FX Market’s predatory practices. Choose wisely, trade safely, and remember, if it sounds too good to be true, it probably is.