Super Funded Review

Super Funded's mission is to provide easy and cost-effective access to global markets compared to the prevailing offerings in the proprietary trading sector.

Super Funded is committed to aiding traders globally to thrive in their professional journey, enabling them to reap substantial profits from their trading endeavors. To be eligible for funding, traders need to clear an assessment that ascertains their proficiency and discipline. Upon clearing this assessment, traders stand to earn an impressive 90% profit split on their subsequent earnings.

Who is Super Funded?

Super Funded is a proprietary trading entity with its foundation in Australia. They extend funding opportunities of up to $600,000 to ambitious traders, with an attractive profit split of 90%. Their collaboration with the broker, Eightcap – an ASIC-regulated entity in Melbourne, Australia, has solidified their technology base.

The organization falls under the ownership and management of PropTradeTech Pty Ltd (ACN 661 045 950), a private Australian enterprise.

The company began its operations on 23rd February 2023, and their headquarters can be located at Melbourne VIC 3000, Australia.

Funding Program Specifications

Super Funded has curated a one-step evaluation program that offers five distinct account sizes for its traders.

Evaluation Program Accounts

Through Super Funded's evaluation program, they aim to identify and foster serious traders, thereby allowing them to maximize their profit potential. Successful participants in the one-phase evaluation are well-rewarded. The program permits traders to leverage up to 1:30.

To pass the evaluation, traders are mandated to achieve a 10% profit goal without breaching the 4% daily loss cap or the 8% total loss threshold. The evaluation account does not impose a minimum trading day constraint. However, a maximum window of 90 calendar days is provided for the completion of this evaluation. Achieving the profit target is pivotal to earn the funded status.

Upon successful evaluation, traders are assigned a funded account, which doesn't come with any profit targets. The only mandate is adhering to the 4% daily loss and 8% total loss parameters. The inaugural payout comprises 90% of the profit garnered from the funded account, with subsequent payouts being available for request every two weeks.

Evaluation Program Account Scaling Strategy

The evaluation accounts do not possess any scaling strategy.

Rules Governing the Evaluation Program Account

• Profit Target: A specified profit percentage a trader must achieve before clearing the evaluation phase, extracting profits, or scaling their account. Evaluation programs maintain a 10% profit objective, while funded accounts have no such targets.
• Maximum Daily Loss: The utmost loss permissible in a single day before account violation. All account types have a 4% threshold.
• Maximum Loss: The highest overall loss limit before an account is deemed violated. All account brackets come with an 8% cap.
• Maximum Trading Days: The upper limit on the duration to achieve specific profit or withdrawal goals. The evaluation spans a maximum of 90 calendar days.
• Consistency Rule: A mandate requiring traders to maintain uniformity in their trading attributes such as position sizes, risk management, gains, and losses. The profit from the best trade shouldn't exceed 50% of the overall profit objective.
• Third-party EA Risk: If traders opt for an EA, they should be aware that using a third-party EA might overlap with strategies used by others. This can potentially jeopardize the chances of getting a funded account or withdrawal due to the maximum capital allocation rule.
• No Copy Trading: Traders are prohibited from leveraging any form of copy trading services.

What sets Super Funded apart from other prop firms?

Distinct from numerous prominent prop firms, Super Funded prides itself on its flexibility towards trading styles. There's no obligation for minimum trading days, plus traders have the freedom to engage during news times and maintain their trades both overnight and across weekends.

Super Funded's evaluation strategy, unlike many other prop firms, follows a singular-phase evaluation. Traders are tasked with achieving a specified profit goal to qualify for payouts. The designated profit target for this assessment stands at 10%, accompanied by a 4% ceiling for daily losses and an 8% cap on overall losses. Significantly, the absence of a minimum trading day mandate simplifies the evaluation process. It's essential to realize that the evaluation accounts at Super Funded don't operate on a scaling strategy.

To summarize, Super Funded's unique approach stems from its liberal stance on trading styles, coupled with the absence of minimum trading day constraints and an extended 90-day trading period. This facilitates a relaxed evaluation process, sparing traders from compelled trades.

Is acquiring Super Funded's capital plausible?

When sifting through prop firms that align with one's forex trading methods, it's crucial to weigh the feasibility of the trading prerequisites. A tempting high-profit split on a substantially funded account loses its charm if it demands exorbitant monthly gains juxtaposed with stringent drawdown limits, rendering success nearly elusive.

Securing capital via the evaluation accounts at Super Funded appears achievable, primarily because of the balanced 10% profit aim along with reasonable loss guidelines (daily losses capped at 4% and overall losses at 8%).

Factoring in these aspects, Super Funded emerges as a commendable option for traders seeking funding, given the rational trading targets and payout conditions in their evaluation accounts.

Evidence of payment

Super Funded, a proprietary trading entity, marked its inception on 23rd February 2023.

With Super Funded, traders have the provision to initiate their first payout request a month post their inaugural trade on the funded account. Subsequent to this, bi-weekly withdrawals can be processed. A generous 90% profit split is granted to traders.

As for concrete evidence of payouts, data is scant, considering their recent launch in 2023. Nonetheless, a representation of Super Funded compensating a triumphant trader is showcased below.

Which brokerage does Super Funded employ?

Super Funded leverages the capabilities of Eightcap, a broker governed by ASIC, headquartered in Melbourne, Australia. Established in 2009, Eightcap's ethos revolves around delivering exceptional financial solutions to its clientele. With a global presence through five offices and regulatory adherence in various territories, they empower global clients to navigate diverse markets spanning FX, commodities, indices, and equities.

Ranked as a medium-risk broker, Eightcap boasts a Trust Score of 73 out of 99. Their offerings include:

• Forex Trading
• CFD Trading
• Cryptocurrency Trading
• Social Trading/Copy-Trading
• A repertoire of 326 Tradable Instruments
• A selection of 45 Forex Pairs

They present two account variations: Raw and Standard. Costs vary based on the chosen account: spreads incorporate the costs for Standard accounts, while commissions apply to Raw accounts. It's imperative to be cognizant of the overnight fee, levied for retaining open trading positions past the day's end. They sanction a leverage of 1:30, subject to specific conditions corresponding to the trading volume.

Eightcap prides itself on curating a tailored trading journey, bolstered by a robust tech foundation. Their commitment to excellence was recognized with the accolade for the Best Global Forex MT4 Broker in 2020 at the Global Forex Awards.

On the trading platform front, they extend support for trading on MetaTrader 4.

Trading Instruments

Trading instruments you can use at Super Funded are: forex pairs, commodities, indices, and cryptocurrencies.

Trading fees

Trading commission:

Spread:

To see the live spreads, uses these login details to access the trading account below:

Platform: MetaTrader 4

Server: EightcapLtd-Demo03

Login Number: 2145687845

Password: Uy7ddmy

‍Download Platform: Click here

Education & Assistance for Traders

Super Funded doesn't offer educational resources on its platform.

However, what Super Funded does extend to its traders is an intuitively designed dashboard. This aids in efficient risk management, as traders can easily access real-time stats relevant to their trading goals.

Feedback from Traders on Super Funded

Currently, feedback regarding Super Funded is relatively sparse.

Trustpilot hosts merely three reviews about them. But given that they commenced operations in February 2023, this scarcity is understandable. As more reviews emerge, we'll ensure that updates on Super Funded are provided.

Presence on Social Media

Super Funded maintains an active social media profile.

They have:

• An Instagram account boasting 130 followers,
• A Facebook page with a modest 3 followers.

Customer Service

For those seeking information about Super Funded, their FAQ section is a comprehensive resource.

You can reach their support team through their social media handles or shoot an email directly to support@superfunded.com.

Final Words

To wrap up, Super Funded is a genuine prop trading entity offering its users the flexibility to select from five distinct evaluation program account tiers.

Their evaluation approach is a singular-phase challenge, where traders need to successfully navigate through this phase to qualify for funding and subsequently earn profit shares. Super Funded mandates traders to hit a 10% profit milestone to qualify for funding. Given the constraints of a 4% daily loss ceiling and an 8% overall loss limit, these targets are grounded in realism. Within the evaluation programs, traders stand to gain a whopping 90% in profit shares. It's pertinent to mention, however, that Super Funded's evaluation accounts don't encompass a scaling strategy.

Super Funded comes across as a commendable choice for those scouting for a prop firm with clear-cut trading parameters. Though they're relatively nascent in the industry, their offerings cater to a diverse trader community with varied trading predilections. After an in-depth evaluation of Super Funded's offerings, it's evident that they're a rising star among the prop trading firm universe.

This assessment of Super Funded was last refreshed on 06.06.2023 at 13:57 CE(S)T.

Having gone through the breakdown of this Proprietary Trading firm, what's your take? Does Super Funded align with your trading aspirations?

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