What is SuperForex Deposit Protection Plan??
Protect your deposit funds with the SuperForex Deposit Protection Program。Your funds are safe and secure, you can trade as much as you like without worrying about loss of principal。
One of the main considerations in choosing a broker is security。Generally speaking, the safer the broker's system is for client funds, the better; SuperForex's deposit protection program does this。
In short, SuperForex's deposit protection plan is a special feature that allows traders to insure their deposits before opening positions and recover the full amount as a bonus in the event of a loss on a trade.。Traders of all eligible account level types can take advantage of this feature。
The program has a specific time depending on the deposit amount, the larger the deposit amount, the longer the protection period。According to the SuperForex website, with a minimum deposit of $5,000, the maximum duration of the program is 20 days.。
How to operate?
To join the deposit protection program, simply top up your SuperForex account and select the desired protection period。During this period, if you lose more than 90% of your deposit, SuperForex will return the entire loss to you in the form of a bonus.。
To request a refund, you must contact SuperForex Support via email and they will process your application within three business days。Refunds can only be recorded in USD and you will need SuperForex to open a new account (USD) to receive compensation。
Minimum deposit and protection period
Minimum deposit | Protection duration |
50-100 USD | 1 day |
101 - $500 | 5 days |
501 - $1,000 | 10 days |
US $1,001-5,000 | 14 days |
More than $5,001 | 20 days |
Advantages of SuperForex Deposit Protection Plan
During the protection period, if your loss exceeds 90% of the total deposit, SuperForex will return the entire loss to you as bonus funds and you can trade again.。Therefore, you can trade with confidence because your trading funds are secured。
There is no limit to the level of protection。This feature protects deposits of any amount for traders of any level。For example, if you are a professional trader with a large deposit, the deposit funds will remain safe even if you suffer a significant loss。
No hidden commissions。The good news is that there are no hidden fees or charges for deposit protection plans。Therefore, traders do not incur any additional charges when activating the program。
You can withstand a certain error。With this feature, you don't have to worry about losing your fortune in the event of a huge loss。
Withdrawal Terms and Conditions
The compensation is paid as a bonus and can be traded but not withdrawn。Any profit earned on the transaction compensation can be withdrawn, but not in excess of the deposit amount。Minimum withdrawal amount of $10, unlimited number of withdrawals。
To withdraw profits, customers must unblock profits through transactions of at least $2 per lot。For example, to withdraw $10, the customer must trade at least 5 lots。
Partial compensation will be cancelled upon withdrawal。The amount of cancellation is calculated according to the following formula:
C = (X / Y) * (Deposit Bonus Amount)
Among them,
C = Cancellation amount
X = amount of withdrawal requested
Y = Current available balance in the account after deducting 40% bonus and other types of dividends (if any)
Termination and Cancellation
The following are considered policy violations that would invalidate SuperForex's deposit protection program:
If the customer repeatedly violates the provisions of the user agreement while the margin protection plan is still in effect。
If Customer has breached the User Agreement at least twice in the past 30 days。
If more than 70% of the transactions completed by the customer in the last 90 days are negative。
If the customer already has one of the following bonuses in their account: Zero Deposit Bonus, Easy Deposit Bonus, or Points Bonus, the bonus is not compatible with the Deposit Protection Plan。
SuperForex is a broker that operates globally and is regulated by the International Financial Services Commission (IFSC).。Since 2013, they have been providing high-quality services, including trading and investing via mobile platforms, multiple deposit methods, educational features, Forex trading copies, bonuses and contests, economic news and analysis, and various account options.。
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