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Super Funded Review

Super Funded Review

Super Funded empowers traders to excel in their professions by enabling them to generate substantial profits through their trading activities. To qualify as a funded trader, one must first undergo an evaluation to showcase proficiency and discipline. Upon successful completion, participants receive a 90% profit share on future earnings.
Super Funded Review

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

Super Funded Review

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.

What makes Super Funded Different From Other Prop Firms?

Super Funded has distinguished itself from the majority of the industry-leading prop firms due to the systematic way it approaches trading. It sets clear rules for its clients but those rules rarely impose restrictions on your trading style. For example, there are no minimum trading day requirements which allows you to trade without added pressure. Plus, it allows news trading and you can hold trades overnight or execute new trades during the weekend.

Compared to other prop trading firms, the Super Funded only has one evaluation program but five account sizes. This evaluation program is a one-phase evaluation program that requires traders to complete and reach a profit target before being qualified for payouts. The profit goal for the evaluation program is set at 10%, with a 4% maximum daily loss and an 8% maximum loss. However, there are no minimum trading day requirements needed to pass the evaluation phase.  Keep in mind that their evaluation program accounts do not include a scaling plan.

In conclusion, Super Funded is different from most of the industry-leading prop firms by rarely imposing restrictions on your trading style, in addition to having no minimum trading day requirements and a maximum trading period of 90 calendar days, which is an advantage since you can take your time with the evaluation and aren’t forced to take trades.

Is getting Super Funded Capital Realistic?

Before trading with a prop firm, it is important to access its features and trading requirements to determine if it aligns with your trading style and needs. If a company provides an attractive profit split but sets high trading costs and commissions, it reduces the possibility of growing your account exponentially. Time constraints are also an important factor to consider.

Flexibility in trading is essential because it takes the burden off an already stressful process. Moreover, the more time you have to trade, the easier it is to acquaint yourself with the trading rules of the firm.

Receiving capital from the Super Funded is realistic due to their modest profit target of 10% with average maximum loss rules (4% maximum daily loss and 8% maximum loss).

For these reasons, Super Funded is an excellent choice to get a funded trading account since it provides realistic trading objectives to follow and conditions to receive payouts.

Payment proof

Super Funded is a private-owned trading firm launched on the 23rd of February, 2023 and has a number of successful funded traders enjoying the benefits provided by the trading platform.

With Super Funded, traders are eligible to initiate their initial withdrawal after 30 calendar days after executing their initial trade on their funded account. Following this initial withdrawal, traders may opt to request payouts on a bi-weekly cadence. Moreover, traders are entitled to a generous 90% profit split. As for evidence of payout veracity, there is little information available, primarily due to their recent launch in February of 2023, rendering comprehensive data on payout proof relatively sparse at this juncture.

Super Funded Review

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.

Super Funded Review

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.

Trustpilot Feedback

Super Funded has limited feedback from reviews, with only five reviews on Trustpilot. However, this is expected as they only started operating in February 2023. Still, traders have praised the proprietary trading firm for its straightforward trading rules and different funded accounts.

Super Funded Review

The fact that it works with an ASIC regulated broker gives it an edge. In addition, it propels the career of serious traders by providing them an environment for growth. Updates about Super Funded will be made continuously in the future when there are more reviews.

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.

Conclusion

In general, Super Funded is a legitimate proprietary trading firm that provides traders a chance to choose between five different evaluation program account sizes.

Evaluation programs are a one-phase evaluation challenge that expects the completion of one phase before becoming funded and being qualified to earn profit splits. Super Funded requires traders to reach a 10% profit target before receiving a trading account, which are practical trading goals considering the 4% maximum daily loss and 8% maximum loss rules to follow. With evaluation programs, you can earn 90% profit splits. It is important to note that the evaluation program does not have a scaling plan.

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.

You can also discover additional Propfirm reviews here.

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