Abstract：Is your SupremeFX trading experience mired with illegitimate profit deletions? Did the broker fail to return back your profits despite putting numerous pieces of evidence supporting fair trading on your end? Failed to receive withdrawals even after waiting for a long time? These are some reported concerns on broker review platforms such as WikiFX. We, through this SupremeFX review article, have endeavored to make it a transparent broker evaluation experience for you. Read on!
Is your SupremeFX trading experience mired with illegitimate profit deletions? Did the broker fail to return back your profits despite putting numerous pieces of evidence supporting fair trading on your end? Failed to receive withdrawals even after waiting for a long time? These are some reported concerns on broker review platforms such as WikiFX. We, through this SupremeFX review article, have endeavored to make it a transparent broker evaluation experience for you. Read on!
SupremeFX Overview: Trading Products & Account Types
SupremeFX, an investment firm incorporated under the laws concerning the Republic of Seychelles, offers a wide gamut of trading products - forex, stocks, indices, metals and energies.
As a trader, you can invest in 60+ forex pairs, indices such as NASDAQ and Dow Jones, energies such as oil and gas, stocks of companies such as Apple and Microsoft, and precious metal CFDs.
The account types offered by the brokerage firm are Standard, Advanced and Pro, each with varying trading conditions. Check out the details associated with these accounts.
Top Trading Allegations Against SupremeFX
A Profit Deletion Complaint of Over $7000
A US-based user exposed SupremeFX by claiming to have made profits of $7,263.71 after trading. However, the brokerage firm allegedly deleted the profit, citing fraudulent activity, scalping of less than 120 seconds and internal transfers. The trader further elaborated that SupremeFX failed to provide an agreement that supports confiscating realized profits or fund withholding. Look at this disturbing SupremeFX review.
A Case Involving Profit Confiscation, Sudden Spread Changes & Slippage
A Turkey-based user reported multiple issues with SupremeFX, wiping out approximately 13,000 Yuan from his account. While profit confiscation allegedly was the issue, the trader also felt surprised by other trading irregularities. These were sudden spread changes and slippage, along with trade order execution at prices other than the quoted ones. Read this SupremeFX complaint to know more about it.
A Classic Fund Scam Case
A trader highlighted a complaint of profit confiscation along with the deposit made on the SupremeFX platform. The user first complained about it on a broker review platform, to which the broker responded by urging him to delete his comments to get his funds back. The user reportedly deleted his comments, only to face a total fund wipeout. Read this allegation against SupremeFX.
Profit Withholding, System Error Excuses & Unresolved Slippage Issues
A user from El Salvador alleged serious misconduct by SupremeFX, claiming that despite working with the platform for over a month, he could not receive his earnings even once. After generating a profit of $6,000, the user stated having been allowed to withdraw just the initial $1,000 investment, with the remaining profits being withheld.
The brokerage firm reportedly blamed “system errors” for not processing payouts, while also failing to resolve issues related to a trading robot that allegedly manipulated transaction prices and caused slippage. Despite repeated assurances, no corrective action was taken, and customer support remained unhelpful. The user warned others not to trust the platform due to these unresolved issues and financial losses.
This SupremeFX review is allegedly another scam-like tactic being employed by the broker to defraud its clients.
Profit Confiscation Claims from European Users
Users in Europe have also complained about the unexplained profit confiscation activities by the broker. While searching for complaints, we found a couple of SupremeFX reviews, one from the Netherlands and another from the UK. Both users reported having faced profit deletions without any explanation, despite following trading norms. Lets read these two claims.
Multiple Withdrawal Complaints Against SupremeFX
Withdrawal denials have engulfed traders at SupremeFX, considering reports of a lack of fund access by them. For instance, a detailed review emerged where the trader reported that the broker did not process his withdrawal request and failed to provide any reason for the same. Subsequently, the user contacted the support team, which told him about the policy violations and demanded extensive documentation for removing the withdrawal block. Despite submitting the required documents, the client failed to withdraw funds. Here are a couple of reviews, including a detailed complaint described above.
SupremeFX Trading Review by WikiFX: Is It Regulated?
Yes, SupremeFX is regulated in Seychelles with an offshore license from the Financial Services Commission (FSA). The offshore regulation does not protect investors as top-tier regulations such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities & Exchange Commission (CySec) do. Further, the growing number of complaints has reduced its score to 4.35 out of 10. As a trader, you should avoid this forex broker and, instead, check for the appropriate on the WikiFX app, your first-stop destination to a hassle-free broker regulation inquiry experience. Download the app now.
