SuperEther Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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About two weeks ago, I moved over to a live account and traded crypto on their platform. With the good amount of trading options and excellent support, I feel very happy to trade with them!
Superether, an online forex and CFD broker, has garnered significant attention in the trading community, primarily for its controversial reputation. This review synthesizes various sources to provide a comprehensive overview of Superether, emphasizing user experiences, expert opinions, and critical features of the broker.
Summary:
Superether is largely viewed as an unregulated broker with numerous negative reviews from users, indicating potential scams and fraudulent activities. Key concerns include a lack of regulatory oversight, a convoluted withdrawal process, and aggressive marketing tactics that target vulnerable investors.
Note:
Given the cross-regional operations of Superether, it is crucial to acknowledge that the broker claims to be based in the UK while facing regulatory warnings from multiple jurisdictions. This review aims for fairness and accuracy by addressing these complexities.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 2 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
We assess brokers based on user feedback, regulatory status, and overall trading conditions.
Founded in an unspecified year, Superether operates under the name Ethereum Ltd, claiming to be based in the UK. However, it lacks legitimate regulatory oversight, as confirmed by multiple financial authorities, including the UK's FCA, France's AMF, and Italy's CONSOB, all of which have issued warnings against the broker. Superether offers a proprietary web-based trading platform but does not support popular platforms like MT4 or MT5. The broker provides access to a range of trading assets, including forex, commodities, indices, shares, and cryptocurrencies.
Superether operates without any recognized regulatory authority. The FCA has explicitly warned that Superether is not authorized to provide financial services in the UK. Moreover, Ethereum Ltd is reportedly not a registered company in the UK, raising significant concerns about its legitimacy. According to BrokersView, the company has been blacklisted by multiple regulators, indicating its operations are illegal.
The minimum deposit required by Superether is $250, which is considered high compared to other legitimate brokers that allow lower initial investments. Users have reported severe delays in the withdrawal process, with claims that funds can take between 2 to 14 days to be processed, and many have experienced difficulties in retrieving their money altogether. As highlighted by Report Scammed Funds, the broker often provides excuses to delay withdrawals, which is a common tactic used by scam brokers.
Superether offers a 50% bonus on initial deposits, which is subject to a rollover requirement of 25 times the deposit plus bonus amount before withdrawals can be made. This kind of promotion is often viewed skeptically, as it can trap users into a cycle of investing more money without the ability to withdraw.
Superether claims to offer a diverse range of trading instruments, including forex pairs, commodities like gold and oil, indices, stocks, and cryptocurrencies. However, the lack of a demo account and the absence of a reputable trading platform severely limits the trading experience. As noted in various reviews, the trading conditions, such as high spreads starting from 2.4 pips, are not competitive when compared to industry standards.
Customer support at Superether is reported to be lacking, with users facing challenges in communication and assistance. There are no dedicated support channels, and the overall feedback indicates a lack of responsiveness from the support team. The languages offered for customer service are primarily English, with no indication of multilingual support.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 2 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
Account Conditions (3/10):
Superether's account conditions are not favorable, with a high minimum deposit and no demo accounts available for potential traders to practice before investing real money.
Tools and Resources (2/10):
The broker offers limited educational resources and tools for traders, which is a significant drawback for those looking to enhance their trading skills.
Customer Service and Support (2/10):
Users report poor customer service experiences, with long response times and inadequate support, making it difficult to resolve issues.
Trading Experience (3/10):
The proprietary trading platform is basic and lacks the advanced features found in more reputable trading platforms, leading to a subpar trading experience.
Trustworthiness (1/10):
With multiple regulatory warnings and a lack of transparency, Superether is deemed highly untrustworthy by experts and users alike.
User Experience (2/10):
Overall user experience is marred by negative feedback regarding the withdrawal process and customer support, leading to a general feeling of distrust among clients.
In conclusion, the Superether review indicates that potential investors should exercise extreme caution. The lack of regulation, poor user experiences, and aggressive marketing tactics suggest that this broker may not be a safe choice for trading. As always, it is advisable to choose regulated brokers to ensure the safety of your investments.
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