FTMO vs Super Funded

FTMO Review: A Robust Offering for Discerning Traders

FTMO has established itself as one of the prominent players in the proprietary trading firm landscape. A testament to their credibility is the overwhelming number of positive Trustpilot reviews, which clearly indicates a high level of trader satisfaction. An eye-catching feature is their exceptional 24/7 customer support which ensures that traders have access to help whenever they need it. Besides robust support, FTMO sets itself apart with its unique offerings, such as the access to a trading psychologist, designed to help traders cope with the psychological challenges of trading. Their scaling plan incentivizes successful traders, allowing them to manage increased capital, while the CEOs' public visibility creates an aura of trust and openness rarely seen in the industry. For newbies or those on the fence, the firm's free trial and infinite evaluation retries are a boon, effectively lowering the barrier to entry. The payment structure is also highly attractive, with bi-weekly payments that range from 80%-90% profit split, which is quite competitive. In terms of trading conditions, FTMO provides flexibility and freedom with no cap on trading duration and a minimum activity requirement of just 4 days, catering to different trading styles and strategies. With 1:100 leverage and a range of diverse tools, it's suitable for aggressive and conservative traders alike. However, educational materials may be somewhat basic for advanced traders, and there is a limit to a maximum of 2 accounts of $200,000 each. Trading rules at FTMO are standard for the industry, including maximum daily and overall loss limits, a minimum trading days rule, and specific restrictions on news trading and third-party risk by copy trading or EAs. Examples of the robust financial infrastructure include a variety of deposit and withdrawal methods such as bank wire transfers, credit/debit cards, and cryptocurrency.

Super Funded Review: A New Contender with High Aspirations

Super Funded is the new kid on the block, with incorporation in February 2023. Their model gives traders access to real accounts with capital allocations up to a stunning $600,000. They also offer a generous 90% profit split, putting them ahead of many competitors. Their trading conditions are highly flexible, allowing trading during news, weekends, and overnight, with no minimum trading days—which can be extremely appealing to certain trading styles. Their simplified one-step evaluation process is also a standout feature, potentially reducing the time and stress associated with passing multiple evaluation stages. However, the firm still has steps to take in establishing a solid reputation. The lack of community feedback might deter some potential users due to the absence of social proof. Payment proofs are usually a strong trust indicator within the trading community, and as a new firm, Super Funded might need to work on providing such validations. Consistency rules imposed by Super Funded could affect traders who prefer sporadic but high-impact trades. Additionally, the low leverage options offered may not satisfy traders who rely on higher leverage. Regarding transaction methods, Super Funded offers crypto and credit/debit card deposit options, with withdrawals being processed via crypto and Deel—an indication that they are embracing modern payment solutions. Super Funded has a way to go in terms of building their community and trust factors, but they certainly offer some intriguing features for traders interested in a more flexible trading environment. The USD account sizing might seem limiting compared to FTMO's wide game, but for those trading primarily in USD, it streamlines the process.

Comparing FTMO and Super Funded on Trader Benefits

When comparing these two firms, potential users must weigh the established reputation and extensive support of FTMO against the budding flexibility and high capital potential of Super Funded. FTMO's extensive list of tradeable instruments and account currencies truly accommodates a global clientele. In contrast, Super Funded’s current focus on USD accounts might be a constraint for international traders. FTMO's commitment to trader development, demonstrated through unique resources like a trading psychologist, is commendable. Yet, Super Funded’s focus on simplicity and potential for high profitability might be a stronger draw for experienced traders looking for a new opportunity with fewer restrictions.

Final Thoughts

Retail traders and potential users are encouraged to consider their individual trading style, risk tolerance, and the importance of community and social proof when choosing between FTMO and Super Funded. The established infrastructure and support system of FTMO make it a reliable choice, while Super Funded, although less proven, could offer higher growth potential with its high capital allocation and profit split. Both prop firms have distinct advantages, and the final decision should reflect personal trading goals and preferences.