SuperTrader Markets
Basic Information
Pros and Cons
Pros
- Established in 2003
- Offers maximum leverage of 1:400
- Minimum deposit requirement of AUD 100
- Registered with AUSTRAC
Cons
- No valid forex trading license
- Negative user feedback and complaints
- Withdrawal issues reported frequently
- Poor customer service experiences
- Concerns about client fund safety
Is SuperTrader Markets Safe and Legit?
SuperTrader Markets is registered in Australia and has been operational since 2003, providing services primarily in currency exchange and international remittance. The broker offers a maximum leverage of 1:400 and utilizes its proprietary trading platform, with trading conditions including a minimum deposit requirement of AUD 100.
Despite its longstanding presence, SuperTrader Markets lacks a valid forex trading license, raising concerns about its regulatory status and overall safety. While it is registered with AUSTRAC, the broker’s operations are viewed with suspicion due to reports of unverified claims regarding its regulatory compliance.
User feedback on SuperTrader Markets is predominantly negative, with frequent complaints regarding withdrawal issues and poor customer service. Users have reported difficulties in accessing their funds and a lack of transparency in the broker’s operations, leading to a generally unfavorable reputation within the trading community.
Is SuperTrader Markets a Regulated Broker?
What Are the Regulatory Licenses Held by SuperTrader Markets?
SuperTrader Markets does not hold any valid forex trading licenses. While it is registered with AUSTRAC, this registration does not equate to a regulated forex trading license. The broker’s operations have raised concerns due to a lack of mainstream or offshore regulatory oversight, leading to an unfavorable reputation in the trading community. Users have reported numerous complaints, particularly regarding withdrawal issues and customer service, further highlighting the broker’s questionable regulatory status.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
SuperTrader Markets does not provide specific information regarding the protection of client funds. It is unclear if client funds are held in independently regulated bank accounts or if they are segregated from the broker’s own assets. The lack of a valid forex trading license raises concerns about the safety of client deposits.
SuperTrader Markets Leverage
The broker offers a maximum leverage of 1:400, which is higher than the legal limits in many jurisdictions. However, since SuperTrader Markets does not hold a valid forex trading license, the actual compliance with local regulatory requirements is questionable, and client classification details are not specified.
SuperTrader Markets Withdrawal Review
How to Contact SuperTrader Markets?
Does SuperTrader Markets Have Withdrawal Issues?
SuperTrader Markets has a high volume of complaints regarding withdrawal issues, with numerous users reporting difficulties in accessing their funds. Credible sources of these complaints include various online trading forums and user feedback platforms, which highlight a trend of frustration related to slow or unfulfilled withdrawal requests. The broker’s response to these complaints has been criticized for lack of transparency and inadequate customer service, leading to a generally negative perception. Additionally, there is evidence of repetitive complaints of the same nature, which raises concerns about the broker’s legitimacy and safety.
Frequently Asked Questions
A1: SuperTrader Markets has been operational since 2003 and is registered in Australia, but it does not hold a valid forex trading license. This raises concerns about its legitimacy and overall safety in the trading community, as it operates under unverified regulatory conditions.
A2: SuperTrader Markets is registered with AUSTRAC; however, this registration does not equate to a regulated forex trading license. The absence of a valid forex trading license has led to significant concerns regarding its regulatory oversight.
A3: SuperTrader Markets does not provide specific information about client fund protection measures. It is unclear whether client funds are held in segregated accounts, which raises safety concerns regarding client deposits.
A4: Yes, SuperTrader Markets has received a high volume of complaints regarding withdrawal issues, with many users reporting difficulties in accessing their funds. This has contributed to a negative perception of the broker within the trading community.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.