Supreme fx trades Forex Broker

Supreme FX Trades Forex Broker - Complete Information Guide

1. Broker Overview

　　Supreme FX Trades, established in 2023, is a relatively new player in the forex trading industry. The company is primarily headquartered in the Seychelles, with additional operations based in Saint Vincent and the Grenadines. As a private entity, Supreme FX Trades is owned by Sun Capital Markets Ltd. and Supreme FX LLC.

　　The broker aims to serve a diverse clientele, primarily focusing on markets in India, South Africa, the United Arab Emirates, the United States, and the United Kingdom. Despite its youth in the industry, Supreme FX Trades has positioned itself to offer a variety of trading services to meet the needs of both novice and experienced traders.

　　The broker operates under an offshore business model, providing retail forex and CFD trading services. Supreme FX Trades broker aims to deliver competitive trading conditions, including high leverage and a diverse range of trading instruments.

2. Regulation and Compliance Information

　　Supreme FX Trades is regulated by the Financial Services Authority (FSA) of Seychelles. The regulatory license number is SD145, which allows the broker to operate in the financial services sector. However, it is crucial to note that this regulation falls under offshore jurisdiction, which may not offer the same level of investor protection as licenses from tier-one regulatory bodies like the FCA, ASIC, or BaFin.

　　The broker's compliance framework includes:

• KYC (Know Your Customer) and AML (Anti-Money Laundering) measures to ensure the legitimacy of client transactions.
• Client funds are kept in segregated accounts, although specific details about the protection of client funds and participation in investor compensation schemes remain unclear.

　　While the FSA regulates Supreme FX Trades, potential clients should exercise caution due to the lack of tier-one regulatory oversight, which may lead to issues concerning fund safety and withdrawal processes.

3. Trading Products and Services

　　Supreme FX Trades offers a wide array of trading products across various asset classes. The available trading instruments include:

• Forex: The broker provides access to numerous currency pairs, including major, minor, and exotic pairs.
• CFDs: Traders can engage in Contracts for Difference on various instruments, including:
• Indices: Such as the S&P 500 and DAX 30.
• Commodities: Including gold, silver, and natural gas.
• Stocks: Shares of companies like Amazon and Pfizer.
• Cryptocurrencies: Trading options include Bitcoin (BTC), Ethereum (ETH), and others.

　　The broker is committed to updating its product offerings regularly, although specific details about the frequency of updates and the introduction of new products are not publicly available. Supreme FX Trades broker primarily caters to retail clients, but it may also offer services for institutional clients, although details are limited.

4. Trading Platforms and Technology

　　Supreme FX Trades supports the MetaTrader 5 (MT5) platform, which is recognized for its advanced trading capabilities and user-friendly interface. The platform allows for various trading strategies, including algorithmic trading and copy trading.

　　Key features of the MT5 platform include:

• Multiple execution modes, including market and instant execution.
• Advanced charting tools and technical indicators.
• A mobile application available on both iOS and Android, providing traders with the flexibility to trade on the go.

　　The broker does not currently offer a proprietary trading platform or a web-based trading solution. Additionally, there is no information available regarding API access for automated trading.

5. Account Types and Trading Conditions

　　Supreme FX Trades offers several account types to cater to different trading needs. The available accounts include:

• Standard Account: Minimum deposit of $200, starting spreads from 1.2 pips, and no commission.
• Advanced Account: Minimum deposit of $1,000, with tighter spreads starting from 0.8 pips.
• Pro Account: Minimum deposit of $2,500, offering the best trading conditions with spreads from 0.1 to 0.2 pips.

　　The broker provides a demo account option for traders wishing to practice their strategies without risking real money. The leverage offered by Supreme FX Trades is up to 1:500, allowing traders to control larger positions with a smaller capital outlay. However, it is essential to understand the risks associated with high leverage, as it can amplify both gains and losses.

6. Funds Management

　　Supreme FX Trades supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements differ based on the account type:

• Standard Account: $200
• Advanced Account: $1,000
• Pro Account: $2,500

　　Deposit processing times vary, typically taking up to 72 hours, depending on the method used. The broker does not specify any deposit fees; however, withdrawal fees are fixed at $20 for transactions exceeding $5,000. Withdrawal processing times are also up to 72 hours, and users have reported occasional issues with the withdrawal process.

7. Customer Support and Educational Resources

　　Supreme FX Trades provides customer support through multiple channels, including:

• Email: support@supremefxtrading.com
• Phone: +248 4 373 840
• Live Chat: Available on their website.

　　The broker offers support during standard business hours, although specific time zone coverage is not detailed. Supreme FX Trades supports multiple languages, enhancing accessibility for a global client base.

　　In terms of educational resources, the broker provides various tools, including:

• Webinars and tutorials for new traders.
• Market analysis services, including daily updates and research reports.
• Trading tools like calculators and economic calendars to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　Supreme FX Trades primarily serves markets in India, South Africa, the United Arab Emirates, the United States, and the United Kingdom. However, it does not accept clients from certain jurisdictions, including:

• United States
• Canada
• Israel
• Japan
• North Korea
• Belgium
• UN/EU sanctioned countries

　　The broker's regional restrictions are important for potential clients to consider before opening an account.

　　In conclusion, Supreme FX Trades offers a variety of trading products and services through a regulated framework, albeit under offshore jurisdiction. While the broker provides competitive trading conditions and a well-known trading platform, potential clients should conduct thorough research and consider the associated risks before engaging with the Supreme FX Trades broker.