Delve into our in-depth review of Super Funded, a promising proprietary trading firm that blends flexibility, discipline, and profitability. Discover how their tailored evaluation programs and attractive profit splits make them a standout choice for traders worldwide.

Table of Contents

Super Funded: Empowering Global Traders

Super Funded stands out in the world of trading by motivating traders from all corners of the globe to excel in their trading careers. This innovative prop firm helps traders to reap substantial profits from their market activities. To join the ranks of Super Funded’s elite traders, candidates must first clear an evaluation process. This assessment is designed to showcase their trading prowess and discipline. Once they demonstrate their competence, they are welcomed into the program with a highly rewarding 90% profit share on all their future trading gains.

Exploring Super Funded: A Premier Proprietary Trading Firm

Super Funded, a renowned proprietary trading firm based in Australia, is revolutionizing the trading industry. They offer an exceptional opportunity for ambitious traders, providing up to $600,000 in trading capital, along with a generous 90% profit split. Super Funded has forged a strategic partnership with Eightcap, a reputable ASIC-regulated broker located in Melbourne, Australia.

Company Background

This Australian powerhouse in the trading world is a brainchild of PropTradeTech Pty Ltd (ACN 661 045 950), an Australian Private Company, which owns and operates Super Funded. Marking its inception on the 23rd of February, 2023, Super Funded has quickly established itself as a key player in the proprietary trading sector.

Location and Operations

The heart of Super Funded’s operations beats in their offices situated in Melbourne VIC 3000, Australia, symbolizing their commitment to providing top-notch trading conditions and support to their global clientele.

Super Funded’s Simplified One-Step Evaluation Program

At Super Funded, traders are provided with an efficient one-step evaluation program, which includes a choice of five different account sizes. This program is tailored to pinpoint and foster serious traders, allowing them to earn considerable profits from their trading endeavors.

Evaluation Program Account Details

The evaluation program at Super Funded is designed to reward consistent trading performance. Participants can trade with leverage up to 1:30. The available account sizes and their corresponding prices are listed below:

• $15,000 Account for $99
• $25,000 Account for $149
• $50,000 Account for $249
• $100,000 Account for $499
• $200,000 Account for $999

Requirements and Advancement in the Evaluation Program

During the evaluation phase, a trader must achieve a 10% profit target without exceeding a 4% maximum daily loss or an 8% overall maximum loss. The evaluation account does not impose a minimum number of trading days but sets a maximum period of 90 calendar days for completing the evaluation. Successfully meeting the profit target is a prerequisite for being awarded a funded account.

Transition to Funded Account and Payout Structure

Once the evaluation phase is successfully completed, traders are transitioned to a funded account. In this phase, there are no profit targets, but traders must still adhere to the 4% maximum daily loss and 8% maximum loss rules. The first payout from the funded account is a substantial 90% of the earned profits, with subsequent payouts available on a bi-weekly basis.

Account Scaling Plan

It is important to note that the evaluation program accounts at Super Funded do not include a scaling plan, focusing instead on the consistent application of trading skills within the set parameters.

Understanding the Rules of Super Funded’s Evaluation Program

Super Funded’s evaluation program is structured with specific rules to ensure that traders not only demonstrate their skills but also adhere to risk management principles. These rules are crucial for success in both the evaluation phase and the subsequent funded account stage.

Profit Target

The evaluation program mandates a 10% profit target. Traders must reach this target to successfully complete the evaluation phase, withdraw profits, or consider scaling their account. Once a trader transitions to a funded account, there are no profit targets.

Maximum Daily Loss

A key risk management metric in the program is the maximum daily loss, which is set at 4% for all account sizes. This limit is crucial to prevent significant losses in a single trading day.

Maximum Loss Limit

The overall maximum loss limit is set at 8% across all account sizes. This rule safeguards traders from substantial cumulative losses.

Maximum Trading Days

Traders have a maximum of 90 calendar days to achieve their specific profit or withdrawal targets during the evaluation phase.

Consistency Rule

The consistency rule requires traders to maintain uniformity in position sizes, risk management, losses, and gains. A key aspect of this rule is that the profit from any single trade must not exceed 50% of the overall profit target, promoting balanced and steady trading strategies.

Third-Party EA Risk

Traders intending to use Expert Advisors (EAs) should be cautious of third-party EAs. The use of such EAs, which might be employed by other traders with identical strategies, could risk violating the maximum capital allocation rule, potentially leading to disqualification from the funded account or withdrawal opportunities.

No Copy Trading

Super Funded strictly prohibits the use of any form of copy trading services. This policy ensures that all trading activity is individual and based on the trader’s own strategies and decisions.

What Sets Super Funded Apart from Other Proprietary Firms

Super Funded distinguishes itself in the competitive landscape of proprietary trading firms with its flexible and trader-centric approach. This prop firm stands out by offering significant freedom and flexibility in trading styles, setting it apart from industry peers.

Trading Style Freedom

One of the most notable aspects of Super Funded is its almost unrestricted approach to trading styles. Traders are not confined by stringent rules that regulate their trading methods. This freedom includes the ability to trade during news releases, hold positions overnight, and keep trades open over the weekend.

Flexible Evaluation Program

Super Funded’s evaluation program is streamlined into a single-phase process. It requires traders to achieve a 10% profit target, adhering to a 4% maximum daily loss and an 8% overall maximum loss. What sets this program apart is the absence of a minimum trading day requirement, allowing traders to progress at their own pace within a 90-day maximum period. This flexibility is a significant advantage, as it removes the pressure to engage in potentially risky trades just to meet a daily quota.

Advantages of Super Funded’s Approach

In conclusion, Super Funded’s unique approach is characterized by minimal regulation of trading styles and the lack of a minimum trading day requirement. These features create a more relaxed and adaptable environment for traders, allowing them to focus on strategic trading without the pressure of meeting arbitrary deadlines or conforming to restrictive trading patterns. The absence of a scaling plan in their evaluation program accounts further emphasizes their focus on simplicity and trader autonomy.

The Realistic Approach of Super Funded to Trader Funding

When navigating the world of forex trading and prop firms, it’s crucial to evaluate the feasibility of a firm’s trading requirements. Super Funded emerges as a realistic option in this context, particularly due to its balanced approach to trading objectives and requirements.

Realism in Trading Requirements

Super Funded sets attainable goals for its traders. Unlike some firms that offer high profit splits paired with impractically high profit targets and restrictive drawdown limits, Super Funded maintains a more realistic balance. The firm’s evaluation program accounts are structured with a reasonable 10% profit target and average maximum loss rules, including a 4% maximum daily loss and an 8% overall maximum loss. This structure makes achieving success more feasible for a wide range of trading styles.

Practicality of Receiving Capital from Super Funded

The possibility of receiving capital from Super Funded’s evaluation program is realistic. Their moderate profit targets coupled with sensible loss limits make it a practical choice for traders aiming for funding. The conditions set for receiving payouts are aligned with typical trading scenarios, avoiding overly stringent or unattainable requirements.

Super Funded as an Ideal Choice for Traders

Considering these factors, Super Funded stands out as an excellent choice for traders seeking funding. The evaluation program accounts offer realistic trading objectives and conditions that are conducive to success. This approach caters to a diverse range of traders, enabling them to achieve their goals without facing excessively demanding or unrealistic expectations.

Super Funded’s Payment Proof and Withdrawal Process

Launched on the 23rd of February, 2023, Super Funded is a relatively new player in the proprietary trading firm sector. This firm offers an appealing withdrawal and payout system for its traders.

Withdrawal Timeline and Profit Split

Traders associated with Super Funded can request their first withdrawal 30 calendar days after making their first trade in their funded account. Post the initial withdrawal, the firm allows traders to request payouts on a bi-weekly basis. A notable feature of Super Funded’s payout structure is the generous 90% profit split in favor of the traders.

Payout Proof and Credibility

Given its recent inception, there is limited information available regarding payout proofs from Super Funded. However, there are emerging examples of Super Funded fulfilling its commitment to profitable traders. Below is an example illustrating Super Funded paying one of their successful clients, which serves as an early indicator of the firm’s reliability and commitment to its payment promises.

Evaluating Super Funded’s Trustworthiness

While it’s still early days for Super Funded, the initial signs are promising regarding their payout processes. The available example of a successful payout to a profitable client is an encouraging sign for traders considering Super Funded as their choice for a proprietary trading firm.

Broker Technology of Super Funded

Super Funded has strategically partnered with Eightcap, a broker known for its robust technology and reliable financial services. Established in Melbourne, Australia in 2009, Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) and maintains a global presence with offices in five locations worldwide.

Overview of Eightcap’s Services and Features

The broker, recognized for delivering a broad range of financial services, is categorized as an average risk entity with a Trust Score of 73 out of 99. Eightcap’s extensive offerings include:

• Forex Trading
• CFD Trading
• Cryptocurrency Trading
• Social Trading/Copy-Trading
• Over 326 Tradeable Symbols
• Access to 45 Forex Pairs

Account Types and Fee Structure

Eightcap offers two primary account types: Raw and Standard. Each account type comes with its unique pricing structure:

• Standard accounts incorporate fees into the spread.
• Raw accounts include fees in the form of commissions.
• Consideration of overnight fees, which are interests charged for holding positions open overnight in trading.

Leverage options are available up to 1:30, with certain restrictions based on trade size.

Awards and Trading Platforms

Eightcap’s dedication to providing an exceptional trading experience is evident in their award for Best Global Forex MT4 Broker 2020 at the Global Forex Awards. The broker facilitates trading primarily on the MetaTrader 4 platform, renowned for its user-friendly interface and advanced features. With a focus on creating an ultra-efficient technological infrastructure, Eightcap ensures that Super Funded’s clients have access to a seamless and advanced trading environment.

Trading Instruments Offered by Super Funded

Super Funded presents an extensive array of trading instruments, catering to diverse trading preferences. Clients can engage in trading across multiple categories, including forex pairs, commodities, indices, and cryptocurrencies.

Forex Trading Instruments

Super Funded provides a comprehensive selection of forex pairs for trading. The range includes:

• Major pairs like AUD/USD, EUR/USD, GBP/USD, and USD/JPY.
• Cross currency pairs such as EUR/GBP, AUD/NZD, and EUR/AUD.
• Exotic pairs including USD/SEK, EUR/TRY, and USD/ZAR.

Commodities

The commodities market on Super Funded includes:

• Precious metals like XAGUSD (Silver) and XAUUSD (Gold).
• Energy commodities such as UKOUSD (Brent Crude) and USOUSD (WTI Crude).

Indices

For those interested in indices, Super Funded offers:

• Global indices like SPX500 (S&P 500), UK100 (FTSE 100), and GER30 (DAX).
• Regional indices including AUS200 (Australia 200) and JAPAN225 (Nikkei 225).

Cryptocurrency Trading

Crypto enthusiasts can trade a wide range of cryptocurrencies with Super Funded:

• Major cryptocurrencies such as BTCUSD (Bitcoin), ETHUSD (Ethereum), and LTCUSD (Litecoin).
• Altcoins including ADAUSD (Cardano), DOTUSD (Polkadot), and SOLUSD (Solana).

With such a broad spectrum of trading instruments, Super Funded ensures that its clients have access to a rich and varied trading environment.

Understanding Trading Fees with Super Funded

Super Funded’s fee structure is straightforward and transparent, ensuring clients have a clear understanding of the costs associated with trading various assets.

Trading Commission Structure

The commission fees across different asset classes are uniform, detailed as follows:

• FOREX: A commission of 7 USD per lot.
• COMMODITIES: Charged at 7 USD per lot.
• INDICES: A fixed rate of 7 USD per lot.
• CRYPTO: Incurs a commission of 7 USD per lot.

Spread Information

To gain real-time insights into the spreads, clients are encouraged to log into their trading accounts. The following details are required for accessing the live spreads:

This approach allows traders to stay informed about the dynamic spread values, facilitating better decision-making in their trading activities.

Education & Support for Traders at Super Funded

Super Funded has a unique approach to trader education and support, focusing on practical tools and resources.

Lack of Educational Content

It’s important to note that Super Funded does not offer educational content on its website. This may require traders, especially beginners, to seek learning resources externally to enhance their trading knowledge and skills.

Trader Support and Dashboard

Despite the absence of educational materials, Super Funded excels in providing support to its traders through:

• A well-structured dashboard that simplifies risk management.
• Live statistics to help traders stay informed about their trading objectives and performance.

This focus on practical tools and real-time data empowers traders to make informed decisions and effectively manage their trading activities on Super Funded’s platform.

Traders’ Comments on Super Funded

Feedback and reviews are crucial for understanding a prop firm’s reputation and trader satisfaction. Let’s delve into the current state of trader comments regarding Super Funded.

Current Feedback on Super Funded

As of now, Super Funded has garnered a limited amount of feedback from traders:

• On Trustpilot, Super Funded has received only five reviews.
• This modest number of reviews aligns with the firm’s relatively recent inception in February 2023.

Future Updates on Reviews

It’s essential to keep in mind that the review landscape for any new firm is dynamic. We plan to continuously update our content to reflect more comprehensive feedback and reviews of Super Funded as they become available in the future. Stay tuned for these updates to gain a deeper insight into the experiences and opinions of traders who engage with Super Funded.

Super Funded’s Social Media Presence and Support

Super Funded’s engagement with its audience extends beyond its primary platform, marking its presence on various social media channels.

Social Media Footprint

Super Funded’s current social media statistics are as follows:

• Instagram: The firm has established a following of 130 followers on its Instagram channel.
• Facebook: On Facebook, Super Funded is followed by 3 users.

Support and Assistance

In addition to its social media channels, Super Funded provides support through multiple avenues:

• A comprehensive FAQ page on their website, offering detailed information about the firm’s operations and services.
• The support team is actively available on their social media platforms for any queries or assistance.
• For more direct communication, clients and potential traders can reach out via email at support@superfunded.com.

This blend of social media engagement and responsive support channels illustrates Super Funded’s commitment to maintaining an accessible and informative environment for its clients.

Conclusion: Super Funded Review

After a comprehensive review, it is evident that Super Funded stands as a credible and promising proprietary trading firm in the industry.

Key Highlights of Super Funded

Super Funded offers several noteworthy features that appeal to a broad spectrum of traders:

• Variety in evaluation program account sizes, providing flexibility for different trading strategies and capital requirements.
• The evaluation programs are designed as a single-phase challenge, focusing on achievable and realistic trading objectives.
• Traders are expected to meet a 10% profit target with adherence to a 4% maximum daily loss and an 8% maximum loss rule, ensuring disciplined trading practices.
• Attractive profit split of 90% offered post-evaluation phase, making it a lucrative option for successful traders.

Recommendation and Potential

Super Funded is particularly recommended for:

• Traders seeking a prop firm with clear and straightforward trading rules.
• Individuals who appreciate a blend of disciplined trading requirements and high-profit potential.

Although relatively new in the market, Super Funded has demonstrated substantial potential to cater to a diverse range of trading styles and preferences. In summary, Super Funded emerges as a notable player in the proprietary trading firm arena, offering viable opportunities for traders looking to leverage their trading skills in a structured and rewarding environment.