SuperForex Copy Trading Review

SuperForex CopyTrading is a copy trading service offered by SuperForex, a global online brokerage. If your trading experience is limited or you don’t have time to develop trading strategies yourself, you can register as Forex Copy Follower. Relevantly, those with in-depth experience can choose the Forex Copy Master option.

This SuperForex Copy Trading review aims to present you with more details about the service, including main features and tools, the registration process. Additionally, we will summarise the overall customer experience in order to help you make an informed decision whether this is the right opportunity for you.

SuperForex Copy Trading Overview

SuperForex Copy Trading is a service offered by the global brokerage SuperForex. Established in 2013, the company’s head office is situated in Belize. They are regulated by the International Financial Services Commission (IFSC) and offer trading services for both individual and corporate clients in more than 150 countries. They offer over 400 instruments in currency exchange, cryptocurrencies, indices, stocks, metal, gold and oil trading. Today, we will focus on their copy trading service offered through their Forex Copy System.

SuperForex Copy Trading Tools and Features Review

As an additional service to the company’s portfolio, SuperForex Copy Trading provides basic copy trading without impressing with anything innovative. As mentioned earlier, there are two ways of joining the service – as a Copy Follower and as a Copy Master. The first opportunity is suitable for people with limited knowledge of trading that want to benefit from the expertise of advanced traders.

Currently, they can choose from approximately 500 listed Forex Masters. What is different from most other services is that the investors usually select one trader and copy their trading strategy. With SuperForex Copy service, they can simultaneously copy the transactions of several Forex Masters.

To start as a Copy Follower, investors need to register and open a SuperForex account. The complete process includes identity verification, address and a telephone number. Once the account is open, they need to register as Copy Follower. To select which traders they want to copy, Copy Followers monitor the Forex Copy Ranking list.

They can review traders based on three main criteria – Balance, Current Profit and Traded Lots. One quick look at the list shows that despite many traders (over 500), most are not very active. For example, only around 20 of them have any traded lots. The Current profit criteria show that only the first ten have some profits at the moment, while the Balance sheet rank shows that only the first 20 traders can claim more than10 000 USD in their account.

If a Copy Follower wishes to see more details about each trader, they simply need to click a trader’s name. The detailed profile includes information about how long they have been trading and their trading style and leverage. Additionally, each trader can provide a short bio about themselves and a photo. However, among the several CopyMasters we reviewed, we didn’t find anyone who submitted such information.

SuperForex Copy service doesn’t provide any Risk Management tools to maximise the investor’s experience. The closest feature that will help investors have better control over their capital is the option to subscribe to the execution of transactions only for selected currency pairs or other instruments. This is managed via the scale of copying orders.

Experienced traders who wish to take advantage of the SuperForex Copy Trading service need to create or have an active account with SuperForex. Then they are listed in the Ranking lists and get remunerated according to their chosen plan. According to the information provided by SuperForex, profit can be received as a percentage of the volume, fees for daily subscriptions or amounts from a single transaction.

SuperForex Copy Trading Customer Experience Review

SuperForex Copy Trading Service is a copy trading service that is far from the more developed platforms. It provides just basic features and can be accessed only via desktop. Additionally, we have researched reviews from various websites such as Trustpilot and ForexPeaceArmy. They showed that the overall customer experience is average, with clients claiming that it takes too much time to contact support or withdraw funds.

Advantages and Disadvantages of SuperForex Copy Service

Advantages:

► Work with an online broker with an established reputation

► An option to simultaneously copy the transactions of several Forex Masters.

Disadvantages:

► Not many active Forex Masters to choose from

► No Risk Level feature