- Thorough evaluation process.
- Utilizes London Close strategy.
- Offers competitive leverage.
- Strong focus on risk management.
- Offers diverse account sizes.
- Favorable profit split terms.
Super Funded
- Real accounts with allocation capital up to $600,000.
- Generous 90% profit split.
- Flexible trading: news, weekends, and overnight.
- No minimum trading days.
- Simplified one-step evaluation.
Cons ❌
BluFX
- Strategy success can vary.
- Risks associated with leverage use.
Super Funded
- Lack of community feedback
- Lack of payment proof
- Consistency rule
- Low leverage 1:30, 1:20, and 1:2
Rules 📋
BluFX
Funded Trader Program
Super Funded
Consistency Rule, Maximum Daily Loss, Maximum Loss, Maximum Trading Days, No Copy Trading Allowed, Profit Target, Third Party EA Risk
Comparing BluFX and Super Funded: A Detailed Review for Retail Traders
Proprietary trading firms offer retail traders a roadmap to trading with significant capital without risking their own money. BluFX and Super Funded stand out in the industry, but each has distinct features that may cater to different trader preferences. This comprehensive review pinpoints the critical aspects of both firms, aiming to help traders make an informed decision based on their trading style and needs.
BluFX Review
BluFX provides a relatively unique model as a subscription-based prop firm. Traders pay a monthly fee to access trading capital without the need for a traditional evaluation process.
Pros:
- A major advantage of BluFX is its subscription-based model, which gives immediate access to funded accounts without an evaluation process. This allows traders to start trading and earning profits right away.
- BluFX also offers a degree of scalability with its account sizes, enabling traders to work their way up to managing larger funds.
- The ability to trade commodities can be appealing for traders who specialize in these markets.
- With the firm being established in 2017, it has a track record and history in the industry, which may reassure potential traders.
Cons:
- One of the downsides of BluFX is the limitation to one type of trading instrument - commodities. This can be restrictive for those looking to diversify into other markets like forex, crypto, or indices.
- BluFX's withdrawal methods are limited to bank wire transfers, which can be slower and less convenient compared to other methods like crypto.
Funded Trader Program Rules:
BluFX maintains a set of rules for their Funded Trader Program. Traders should be diligent in understanding these before engaging with the platform to ensure their trading strategies are compliant.
Super Funded Review
Launched recently in February 2023, Super Funded is a new player in the prop trading world but comes with compelling offerings.
Pros:
- Super Funded offers real accounts with substantial capital allocation up to $600,000, which is significantly higher than many competitors.
- The 90% profit split is one of the most generous in the industry.
- Super Funded’s approach is flexible, allowing trading during news announcements, weekends, and holding positions overnight where many other firms restrict such activities.
- The evaluation process is streamlined, with a one-step evaluation compared to multiple stages required by other firms.
- Traders will appreciate no minimum trading days rule which enhances the flexibility in trading style and frequency.
Cons:
- Being a new firm with incorporation in February 2023, there’s naturally a lack of community feedback and payment proof which can make traders wary.
- The consistency rule could impact those with a more aggressive trading style or seeking to capitalize on high volatility events.
- Low leverage options, ranging from 1:2 to 1:30, could be a constraint for traders used to higher leverage environments, diminishing the attractiveness to certain trading strategies.
Rules and Restrictions:
Super Funded enforces rules including maximum daily loss, total loss threshold, and a prohibition on copy trading and third-party EAs. This is to manage risk and ensure responsible trading within their framework.
Deposit and Withdrawal Methods
When considering a prop firm, the flexibility and ease of funds management is key.
- BluFX offers credit/debit card deposit options and bank wire transfers for withdrawals which, while secure, may be seen as limited in today’s digital payment landscape.
- Super Funded expands options with crypto payments and withdrawals through Deel, catering to the modern trader’s expectations for quick and versatile transactions.
Account Offerings and Instruments
- Both firms offer account sizes denominated in USD, though Super Funded’s potential for up to $600,000 in capital allocation outmatches BluFX’s offerings.
- Super Funded clearly takes the lead in terms of tradeable markets, providing access not only to commodities but also to crypto, forex, and indices, appealing to a broader range of traders.
In conclusion, both BluFX and Super Funded serve specific niches within the trading community. Your choice depends heavily on the type of instruments you prefer, the level of capital you wish to trade with, and your comfort with the rules set by each firm. As Super Funded is a newer entity, traders may want to proceed with caution and seek further proof of its performance and reputation, which may build over time. Conversely, BluFX offers stability and a straightforward subscription service that might appeal to those looking for an established firm with a focus on commodity trading.
