SuperTrader Markets Advantages
Licensed as a CAR in Australia
The greatest thing about SuperTrader Markets is the fact that it is legal to operate within Australia. Particularly, the firm which owns the brand Supertrader Investment Pty Ltd, is an Authorized Representative Corporate (CAR) belonging to a company with a license issued from the Australian Securities and Investment Commission (ASIC). It is among the most trusted financial watchdogs around the globe.
Partners only with licensed brokers
The broker has only partnered with brokers that are licensed such as CMC Markets and Trademax. CMC Markets was set up in 1989. Today, it operates worldwide, focusing on markets of the UK, Australia, Germany as well as Singapore. It is regulated by FCA in the UK, FCA, ASIC, New Zealand’s FMA and has also been included in the London Stock Exchange since February 2016.
Trademax is a trademark of TradeMax Group Pty Limited. TradeMax Group Pty Limited, which is a financial service company that is licensed and controlled by the Australia Securities & Investments Commission.
Two platforms are available for selection.
Customers from SuperTrader Markets are offered the market’s top MetaTrader4 (MT4) along with CMC Markets’ Next Gen Platform.
It is MT4 is reliable, simple to use and provides everything a trader requires with a range of built-in technical indicators advanced charting software and a variety of Expert Advisors (EAs) and vast EA testing options for backtesting. Traders can download pre-made EAs, or make your own EAs and let the program handle the work.
It is the Next Generation Platform also provides the highest quality charting. There are various chart types, more than 80 indicators for technical analysis (Bollinger Bands, SMAs, Ichimoku clouds, MACD RSI and numerous others) and drawing patterns, tools, and a chart forum. CMC Markets’ platform is only accessible to people who reside in Australia in Australia and China (Hong Hong Kong).
Levels of leverage that are high
Both of the partners ofSuperTrader Markets provide high leverage ratios (1:400 or 1:500) that is common to Australian brokers. Australia has emerged as one of the very few forex nations where leverage ratios available to retail traders aren’t limited.
Higher leverage can open bigger positions and also the potential to earn higher returns. However, it does not cover the possibility of massive losses.
SuperTrader Markets Disadvantages
Doesn’t possess a license in its name
As we mentioned above, SuperTrader Markets acts as the representative of a business which is authorized through ASIC. Australian Securities and Investments Commission (ASIC).
The licensee is accountable for the actions of its authorized representative in the event that the person is acting in a way that is not within their authority The ASIC-regulated business is not liable for the actions of any person. Therefore, things can be a little more complicated when dealing with CARs that do not have the license it owns.
An introducer broker
We made it clear at the beginning, introduction brokers are merely intermediaries between brokers and traders. They act as marketing agents who recruit customers to broker partners. This is a major disadvantage.
Cashback rebates are not available.
Since the IB is paid each when a client trades and therefore, many IBs, specifically ones with a substantial client base, give their customers cashback rebates. The site of SuperTrader Markets does not mention any rebates.
Conditions of trading not clearly stated on the website of the broker.
Although SuperTrader Markets is supposed to offer the same trading conditions and trading terms as the brokers that it offers to its clients however, it hasn’t clarified any of their trading terms on their website. Therefore, potential customers do not know the minimum deposit they need to make and the average spreads. The absence of this information is always a scary indication.
Conclusion
SuperTrader Markets is and authorized representative of an ASIC license holder that is an Introducing broker for CMC Markets and Trademax Capital. While this may provide some level of security, it’s recommended to always invest directly through a broker with an active license issued by an accredited agency in lieu of dealing with brokers, representatives, introducing brokers or other intermediaries. Below, you will find more about the financial regulations in Australia and also browse through our list of trustworthy forex brokers that are licensed to operate within the country.
| Supertrader Markets Summary | |
|---|---|
| Supertrader Markets Details | Information |
| Regulators | |
| Country |  Australia |
| Base Currencies | USD, EUR, GBP |
| Type Of Brokers | ECN, STP |
| Trading Platform | Desktop, Mobile, MT4 |
| Established Year | 2018 |
| Website Language | English |
| US Clients | |
| Supertrader Markets Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.3 |
| Commission | |
| Fixed Spreads | |
| Supertrader Markets Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill,  Visa Card,  Master Card,  WebMoney |
| Acc Withdrawal Methods | Skrill, Visa Card, Master Card,  Wire transfer |
| Supertrader Markets Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| Supertrader Markets Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:500 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | $100 |
| Islamic Account | |
| Supertrader Markets Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| Supertrader Markets Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +61281970065 |
| support@supertraderfx.com.au | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Suite 2304, Level 23, International Tower One100 Barangaroo Ave, Barangaroo Sydney NSW 2000 |
