Forex SuperTrader Markets Trading Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

SuperTrader Markets Trading Conditions

Registered Region Australia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@supertraderfx.com

Contact Number N/A

Website webtradepay.com.au

Balanced Review

Pros & Cons

Pros

Regulated by AUSTRAC, License No. 100517032
Offers currency exchange and remittance services
Multiple branches across major Australian cities
Competitive international transfer fees
Minimum deposit starting from AUD 100

Cons

Not regulated by major financial authorities
Limited product offering (only Forex services)
High withdrawal fees for international transfers
Negative user reviews regarding fund withdrawals
Unverified claims of licenses and regulatory status

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	SuperTrader Markets	DBG Markets	IC Markets Global	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does SuperTrader Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Low minimum deposit, user-friendly interface	Suitable for small-capital practice
Professional Account	Experienced traders	Higher leverage, lower spreads	Requires trading volume qualifications
Corporate Account	Corporate clients	Customized services, high transaction limits	Requires corporate documentation
Islamic Account	Muslim traders	Swap-free trading options	Must request during account setup
Demo Account	New and prospective traders	Practice trading without real money	Limited time access

Account Opening Process

To open an account with SuperTrader Markets, prospective clients must follow these steps: First, submit personal information including name, email, and phone number. Next, provide employment details and financial background to ensure suitability for trading. Identity verification is required, which includes submitting identification documents and proof of address. Note that clients have the flexibility to upgrade their accounts to a professional status later if they meet the necessary qualifications.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for majors
Forex (GBP/USD)	1.0	$0 (ECN: $3.5/lot)	Competitive pricing
CFDs (Stocks)	1.5	$7/lot	Varied spreads by stock
CFDs (Indices)	1.2	$5/lot	Applicable to major indices
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

SuperTrader Markets imposes various fees that traders should be aware of: There are deposit fees associated with certain payment methods, while withdrawals, particularly for international transfers, incur a fee of AUD 25. Inactivity fees may apply after a specified period of inactivity. Additionally, users should consider platform usage fees if applicable, and overnight interest rates (swap rates) for positions held overnight. Currency conversion fees may also apply depending on the account’s currency.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

SuperTrader Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Emma Johnson

Sydney, Australia

★ ★ ★ ★ ★

I’ve been using SuperTrader Markets for a few months now, and overall, I’m quite satisfied. The platform is user-friendly, and I appreciate the fast execution of trades. However, I did experience a minor hiccup with customer support, which took a bit longer than expected to respond. Still, I would recommend them for beginners looking to get into trading.

Michael Smith

Melbourne, Australia

★ ★ ★ ★ ★

SuperTrader Markets has been fantastic for my trading experience. The platform is smooth, and I love the variety of tools available for analysis. I’ve also had no issues with deposits or withdrawals, which is a big plus. Their support team has been helpful whenever I’ve had questions. Highly recommend!

Sophie Lee

Brisbane, Australia

★ ★ ★ ★ ★

I am really disappointed with SuperTrader Markets. While the platform itself is decent, I faced severe issues with withdrawing my funds. It took weeks to get a response from customer service, and when I finally did, they couldn’t provide a clear answer. I would advise caution to anyone thinking of using this platform.

James Wong

Perth, Australia

★ ★ ★ ★ ★

My experience with SuperTrader Markets has been nothing short of a nightmare. I was unable to withdraw my money after several attempts, and customer support has been unresponsive. I feel scammed and would not recommend this platform to anyone. Please be careful with your investments!

Australia Market