In today’s market, it’s very hard to find a trustable broker. Someone that will manage your funds as it should and put your interest first. Especially if this broker is offshore. Read our Super1Investments review and find out if this broker is a trustable one.
|Regulated by:||No regulation|
|Headquarters Country:||Marshall Islands|
|Supported Platforms:||MT4, web trader|
|Types of Assets:||FX, commodities, indices, crypto, stocks|
Super1Investments Regulation and Security
The brand is owned by Essentials Development Ltd and is based in the Marshall Islands. What is concerning us, the broker does not have any regulations for its work. Since offshore brokers are usually not overseen by any regulatory body and nobody is controlling their work, there is no security with such brokers. You should be aware of the risk when opening an account with this unregulated brokerage.
Could you make money with Super1Investments?
Since we are talking about unregulated offshore brokerage, this is one huge question. The company is using a web trader and MT4. However, according to our reviews, brokers of Super1Investments are convincing clients to trade on a web trader since it’s easier to manipulate.
The minimum deposit with this brokerage is $250, a lot more than other, regulated companies are asking you to deposit. Now imagine, you can invest $10 with a regulated brokerage or $250 with an offshore unregulated one? We believe that we know what you will choose.
The broker is offering a leverage of up to 1:400, which is more than 10 times higher from regulated EU brokers. The regulatory bodies are avoiding high leverage since your money is put at tremendous risk. Yet, it seems that this unregulated broker doesn’t care too much about your money and your safety.
When it comes to payment methods, only debit/credit cards, wire transfers, and BPAY are accepted. The minimum amount for withdrawal is $100 and the broker claims to have a list of accepted payment methods. We were looking everywhere to find it but without success. To be honest, after everything we read about this brokerage, we highly suspect that the list even exists. What does not exist for sure is a list of fees and commissions you need to pay for deposits and withdrawals.
Now for sure, you understand why you should avoid Super1Investments broker. Read also other reviews of unregulated brokers like Exobit.
Scammed by Super1Investments?
If you were scammed by a Super1Investments broker, there is a possibility to get your money back. You need to file a dispute and request a chargeback.But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam. Contact our support for help immediately and book your free consultations!
What is Super1Investments?
It’s an online trading broker with no regulation.
Is Super1Investments a scam?
Since the broker has no regulation and there are many negative reviews, we can say it’s running a scheme.
Is Super1Investments regulated?
The broker does not have any regulations for providing financial services in any country.