SupaTrade FX is a forex broker whose official website domain was registered on April 28, 2023, primarily offering investors trading services in financial derivatives such as foreign exchange, stocks, indices, energy, metals, and ETFs. This broker does not provide services in jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to information publicly available on the official website of SupaTrade FX, the broker comprises multiple corporate entities, regulated by various regulatory bodies. Among these, SupaTrade FX Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with the license number of 1780019. SupaTrade FX (registration number HRB11677B) is a designated agent of Ultra Booster Trade Ltd registered with the Federal Financial Supervisory Authority (BaFin) in Germany. Additionally, the broker has been authorized by the Financial Services Commission (FSC) of Mauritius as an investment dealer on October 2, 2017, with the license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with the license number SD0175.
However, according to verification of its publicly available information on the official websites, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA) did not have regulatory registration information for this broker.
Account Opening:
To open an account with SupaTrade FX: visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” in the top right corner of the webpage to access the account registration page. Complete the form by providing your name, email address, and other personal information, and set a login password. Upon submission, the account will be successfully registered.
Account Types:
SupaTrade FX offers a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, information regarding spreads, trading leverage, margin call/stop-out levels, contract size, trading commissions, minimum/maximum trade volume, maximum open/pending orders, and minimum price precision was not disclosed on its official website.
Trading Platform:
SupaTrade FX provides users with a proprietary trading platform.
Deposits and Withdrawals:
SupaTrade FX supports deposits and withdrawals via local banks, e-wallets, or cryptocurrencies.
Conclusion:
Traderknows reminds investors that SupaTrade FX is a scam platform offering false regulatory information. The website design and content of this broker are identical to those of MobileCrypto FX, Ocean View FX, Phemextrade, SplitNow Invest, Crypto Max Returns, and Daily Financial Earners. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
