SupraFX

SupraFX is a forex brokerage based in Indonesia, operating under the domain fxsupra.com. The company was established on February 3, 2021. According to available records, SupraFX lacks any form of regulatory license, which is a significant factor for traders to consider.

SupraFX maintains a presence on social media platforms such as Facebook and Instagram, but its official website is described as lacking in transparency. Many crucial details regarding trading conditions and the company behind the operation are not readily available. This lack of information makes it difficult for potential clients to perform due diligence.

SupraFX is not regulated by any known financial authority. Our records indicate that no licenses from reputable regulators such as the FCA, CySEC, or ASIC have been issued to this entity. The absence of regulation means that traders do not have access to standard investor protections, such as negative balance protection or compensation schemes.

Given the lack of regulatory oversight, the risk associated with trading with SupraFX is higher than with licensed brokers. The broker's scam risk score as measured by FXCanary is 45 out of 100, which falls into the 'Guarded' category. This score reflects the uncertainties surrounding the broker's operations and transparency.

SupraFX's website is described as being not very informative, with important details about trading conditions missing. As a result, it is unclear what trading platforms, account types, or instruments the broker offers. The broker may provide forex and CFD trading, typical of retail fx/cfd brokers, but specific information is scarce.

Without verified data on spreads, commissions, leverage, or deposit requirements, traders cannot adequately assess the cost and suitability of trading with SupraFX. The lack of transparency is a red flag and underscores the importance of seeking brokers that provide clear and comprehensive information.

SupraFX appears to target retail traders interested in forex and CFD trading, but its suitability is severely limited by its unregulated status. The broker is likely not appropriate for traders who prioritize safety, regulatory oversight, and transparent trading conditions.

Experienced traders who are willing to accept higher risks may consider SupraFX, but the lack of publicly available information poses challenges. Beginners or risk-averse individuals should avoid unregulated brokers and instead opt for fully licensed and reputable alternatives.