SuperPro Trade claims it was founded in 2010 under the company name PFx AD Limited Company, a company regulated by the EU under MiFID II. MiFID II is a legislative framework instituted by the European Securities and Markets Authority (ESMA) to regulate financial markets in the bloc and improve protections for investors. However, the ESMA is not a financial regulator that approves licenses for forex brokers. So please beware of brokers making such claims, since brokers eligible to offer derivatives services should have licenses approved by the financial regulator.

Besides, SuperPro Trade claims it is regulated by the UK under reference number: RG-03-0146. But please be informed that the format of its reference number belongs to the Bulgaria Financial Supervision Commission (FSC) not UK FCA. When we searched in FCA, not surprisingly, we did not find any match results to SuperPro Trade. That means SuperPro Trade is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

On 8 Jul 2022, BrokersView found the domain https://www.superprotrade.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.