Search

Supreme FX forex broker provides various trading information, with an average trading speed of 0ms, a trading cost of null, an average slippage of 0, a liquidation rate of %, a spread cost of 0.00, etc

Rating Index

WikiFX Detection

Software Index

Full License

License

FSA Offshore Regulated

Supreme FX Broker Trade

  

Supreme FX Trade: A Comprehensive Overview of Your Forex Trading Partner

  In the ever-evolving landscape of the forex market, finding a reliable broker is crucial for traders seeking to maximize their potential gains. Supreme FX Trade has emerged as a notable player in this arena, offering a range of trading services and products designed to cater to both novice and experienced traders. This article aims to provide an in-depth analysis of Supreme FX Trade, addressing three core questions: What are the trading conditions offered by Supreme FX Trade? What trading platforms and products are available? And what are the advantages and disadvantages of trading with Supreme FX Trade?

  

Broker Overview and Trading Conditions

Established Regulatory Authority Headquarters Location Minimum Deposit Leverage Ratio Average Spread
2021 Seychelles FSA Mahe, Seychelles $200 1:500 From 1.2 pips

  Supreme FX Trade, established in 2021, operates under the regulatory framework of the Seychelles Financial Services Authority (FSA). The broker is headquartered in Mahe, Seychelles, which is known for its offshore financial services. With a minimum deposit requirement of $200 and a leverage ratio of up to 1:500, Supreme FX Trade positions itself competitively within the forex brokerage landscape.

  The average spread starts from 1.2 pips for major currency pairs, which is favorable compared to many competitors in the market. However, it is essential for traders to be aware that while high leverage can amplify potential profits, it also increases the risk of significant losses. Traders should conduct thorough research and consider their risk tolerance before engaging in high-leverage trading.

  

Trading Platforms and Product Analysis

  Supreme FX Trade primarily offers the MetaTrader 5 (MT5) trading platform, which is renowned for its advanced features and user-friendly interface. MT5 provides traders with a comprehensive suite of tools, including:

  • Multiple order types (market, limit, stop orders)
  • Advanced charting capabilities
  • Technical indicators and analytical tools
  • Automated trading options through Expert Advisors (EAs)

  

Available Currency Pairs

Currency Pair Category Number Offered Minimum Spread Trading Hours Commission Structure
Major Currency Pairs 40+ From 1.2 pips 24/5 Commission-free
Minor Currency Pairs 30+ From 1.5 pips 24/5 Commission-free
Exotic Currency Pairs 10+ From 3 pips 24/5 Commission-free

  The broker provides access to over 100 trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. The execution speed on the MT5 platform is generally fast, with minimal slippage reported by users. However, traders should remain cautious, as execution speeds can vary depending on market conditions and the liquidity of the traded asset.

  

Advantages, Disadvantages, and Security Assessment

  

Advantages:

  • Diverse Trading Instruments: Supreme FX Trade offers a wide range of instruments, allowing traders to diversify their portfolios effectively.
  • High Leverage: With leverage up to 1:500, traders can control larger positions, potentially increasing their profit margins.
  • User-Friendly Platform: The MT5 platform is equipped with advanced features, making it suitable for both beginners and experienced traders.
  •   

    Disadvantages:

    • Offshore Regulation: Being regulated by the Seychelles FSA may raise concerns for some traders, as it does not provide the same level of investor protection as tier-1 regulators like the FCA or ASIC.
    • Limited Payment Methods: The payment options available for deposits and withdrawals may be less extensive compared to other brokers, potentially inconveniencing some users.
    •   

      Security Measures

        Supreme FX Trade implements several security measures to protect client funds and personal information. The broker utilizes encryption technology for secure transactions and offers negative balance protection to prevent clients from losing more than their initial investment. However, traders should remain aware of the risks associated with offshore trading and conduct due diligence before investing.

        Customer satisfaction ratings for Supreme FX Trade are generally positive, with many users highlighting the quality of customer support and the ease of use of the trading platform. However, as with any broker, it is essential to read reviews and feedback from other traders to gauge the overall experience.

        

      Practical Strategy and Summary Recommendations

        One effective trading strategy for Supreme FX Trade users is the "Trend Following" strategy. This approach involves identifying the prevailing market trend and making trades in the direction of that trend. Traders can utilize technical indicators, such as moving averages, to confirm trend direction and identify entry and exit points.

        In summary, Supreme FX Trade offers a competitive trading environment with a diverse range of instruments and a user-friendly platform. While the offshore regulation may be a concern for some, the broker's attractive trading conditions and high leverage make it a viable option for many traders. This broker is particularly suited for those who are comfortable with higher risk levels and are looking to explore a variety of trading opportunities.

        

      FAQ Section

        1. Is Supreme FX Trade regulated?

        Yes, Supreme FX Trade is regulated by the Seychelles Financial Services Authority (FSA).

        2. What is the minimum deposit required to start trading?

        The minimum deposit to open an account with Supreme FX Trade is $200.

        3. What trading platform does Supreme FX Trade offer?

        Supreme FX Trade primarily offers the MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface.

        Risk Warning: Trading in forex and CFDs involves significant risk and may not be suitable for all investors. You may lose all or part of your invested capital, and you should only trade with money you can afford to lose. Always seek independent financial advice if you are unsure about your investment decisions.