Who is Super Funded?
Super Funded, an Australian-based proprietary trading firm, extends opportunities to driven traders and provides funding of up to $600,000 with a profit share of 90%.
The prop firm was established in February 2023 and is operated by PropTradeTech Pty Ltd (ACN 661 045 950), an Australian Private Company. Super Funded has its headquarters in Melbourne VIC 3000, Australia.
Funding program options
Super Funded provides traders with a one-step evaluation program with five different account sizes.
Evaluation program accounts
The goal of the Super Funded evaluation program is to select talented traders and empower them to grow their portfolio and enjoy profits from trading. Traders can manage account sizes of up to $200,000 and trade with up to 1:30 leverage.
For the evaluation phase a trader is expected to reach a 10% profit target without exceeding their 4% maximum daily loss or 8% maximum loss rules. It is necessary to meet the profit target if you want to qualify for a funded account. When it comes to time limitations, there is no minimum trading day requirement but you are required to trade for a maximum trading period of 90 calendar days to complete the evaluation.
Upon completing the evaluation phase, you will receive a funded account. There is no profit target and the only requirement is that the 4% maximum daily loss and 8% maximum loss rules are respected. For your first payout, you will receive 90% of the profit generated from the funded account. All subsequent payments will be processed on a bi-weekly basis.
Evaluation Program Account Scaling Plan
The evaluation program accounts have no scaling plan.
Evaluation Program Account Rules
- Profit target: A trader is required to meet a specific percentage of profit before they can pass an evaluation phase, withdraw profits, or scale their account. Evaluation program’s profit target is set at 10% while funder accounts have no profit targets.
- Maximum daily loss: The maximum loss acceptable for a trader to reach daily without violating the account. The maximum daily loss for all account sizes is 4%.
- Maximum loss: The maximum loss a trader is allowed to reach overall without violating the account. The maximum loss limit for all account sizes is 8%.
- Maximum trading days: This is the maximum period in which you are expected to reach a specific profit target or withdrawal target. The evaluation period has a maximum of 90 calendar days.
- Consistency: Super Funded consistency rule requires traders to have consistent rules regarding position sizes, risk management, losses, gains and other key metrics. For instance, profits obtained from your most successful trade should not surpass 50% of the profit target.
- Third-party EA risk: This means that if you decide to use an EA, you should remember that other traders can be using it as well. So, it is possible for multiple traders to use the same trading strategy.
- No copy trading: Super Funded does not allow any type of copy trading services to be used by traders.
Which broker does Super Funded use?
Super Funded has incorporated its technology with Eightcap, an ASIC-regulated broker headquartered in Melbourne, Australia. They were founded in 2009 with a straightforward mission to provide its client’s outstanding financial services.
With five offices across the globe and regulatory oversight in numerous jurisdictions, they offer clients worldwide the opportunity to trade across FX, indices, commodities, and shares in various markets.
Eightcap has an overall Trust Score of 73 out of 99. They also provide the following services:
- Forex Trading
- CFD Trading
- Cryptocurrency Trading
- Social Trading/Copy-Trading
- A total of 326 Tradable Symbols
- A total of 45 Forex Pairs
They provide a personalized trading experience and establish an ultra-efficient technological framework for your trading needs. Their efforts have earned them the title of Best Global Forex MT4 Broker 2020 at the Global Forex Awards.
Education
Although Super Funded does not provide educational resources on its website, the prop firm does have a well-designed dashboard available once you get your trading account. This makes it easier to execute risk management strategies and keep up with your progress.
How to Apply the Super Funded Discount Code?
To take advantage of the discount, simply follow these steps:
1. Visit the Super Funded website.
2. Select the evaluation account size you wish to purchase.
3. On the checkout page, enter the discount code “INVEST” in the coupon field.
4. The 10% discount will automatically be applied to your total.
Pros and Cons of Super Funded
Before making a decision, let’s take a look at the pros and cons of trading with Super Funded.
Pros:
- No Minimum Trading Days: Complete the evaluation at your own pace.
- Generous Profit Split: Keep 80% of the profits.
- Access to Real Accounts: Trade with live capital upon passing the evaluation.
- Diverse Trading Assets: Over 500 trading instruments available through Eightcap.
- Trading Flexibility: Trade during news events, on weekends, and overnight.
- User-Friendly Dashboard: Easily track your progress and manage your account.
Cons:
- Newer Firm: Super Funded is relatively new, so there’s limited long-term feedback from the trading community.
- Evaluation Risk: Like any prop firm, passing the evaluation requires discipline and adherence to risk management rules. Failure to meet these targets could mean losing your evaluation fee.
Customer Support
To address issues with your funded trading account, you can reach out to the customer support team through their live chat or via email at support@superfunded.com.
Final Thoughts: Super Funded Discount Code “INVEST”
Super Funded has quickly established itself as a promising prop firm with flexible evaluation processes, real accounts, and a high-profit split. With its partnership with Eightcap, traders can access a wide range of markets and assets while benefiting from top-notch trading platforms like MT4 and MT5.
The “INVEST” discount code makes joining Super Funded even more appealing by providing a 10% discount on evaluation fees. Whether you’re a seasoned trader or just getting started, Super Funded’s trader-friendly policies, flexible conditions, and the potential for substantial funding make it an attractive option for anyone looking to succeed in the world of proprietary trading.
Use the “INVEST” code today and start your journey toward managing a funded trading account with Super Funded!
For anyone looking for a prop firm with clear-cut trading rules, I would highly recommend Super Funded. While they are still a relatively new firm, they offer a range of outstanding conditions for every individual with unique trading styles. For instance, clients with a forex trading style can easily utilize it when trading forex pairs on the platform. After considering everything Super Funded has to offer, they are one of the more capable proprietary trading firms in the industry.
If you found this Super Funded Review to be informative, you can visit their website here.
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