Hello, I welcome you to my SuperFunded Review.
Perhaps you’ve recently come across SuperFunded and find it intriguing, but your knowledge about it is limited.
As a funding program that requires your investment before providing funds, it’s essential to conduct thorough research.
This involves assessing whether you can trust the program with your investment and potentially generate a passive income from its services.
If you’re interested, I’m here to provide you with a comprehensive overview of the company.
In this review, I’ll delve deep into SuperFunded, focusing primarily on key aspects like understanding its purpose and how it operates to help you determine if it’s a viable option for building a stable income.
Furthermore, I’ll explore the pricing structure of the program to evaluate if it offers value or if it’s another potential scam to steer clear of.
With this in mind, let’s kick off…
SuperFunded Review Summary
Product Type: Proprietary Firm
Evaluation Fee: Starting from $129 depending on your account size.
Official Site: SuperFunded.com
Contact Details: firstname.lastname@example.org
Overall Rating: 5/10
My Recommendation: No for Now.
SuperFunded Review – Overview
Making money online has proven to be well-paying for most people across the world.
This has allowed people to generate extra income online based on their earnings from their regular jobs.
Despite people succeeding online, some of the jobs end up misleading other people.
For these reasons, it’s crucial to thoroughly research the platform before considering dedicating your time and investment to it.
For instance, SuperFunded is one of the companies that promises traders funding in the forex industry.
According to the program, every trader in the forex industry deserves to succeed in trading despite a lack of capital.
The program, therefore, targets to sponsor traders from across the world to venture into their trading potential online.
- Offers funding of up to $200,000.
- Allows you to trade during weekends.
- Offers a profit share of up to 90%.
- Only has a single-phase evaluation.
- Offers bi-weekly payout.
- Accepts news trading
- No limit to trading days.
Cons Of SuperFunded
- Does not offer a refund of the registration fee.
- No retry of trades.
- Slightly expensive.
- No scaling plans.
Also Read: Rocket21 Challenge Review
Who Should Join SuperFunded?
SuperFunded prop firm welcomes all traders from different parts of the world to join their funding program.
The prop firm only requires you to be more than 18 years of age and have the required trading skills in the platform.
In addition, you must be able to trade while respecting their trading rules for you to succeed in their platform.
For instance, the prop firm sets a profit target of 10% in the evaluation stage which you must pass for you to move to a funded account.
Failure to reach this profit target will deny you the opportunity to get a funded account and may make you risk losing your trading account.
What Is SuperFunded?
SuperFunded is a prop trading platform that allows traders to use their capital to trade in the forex market.
The company provides traders with a live funded account where you’ll be trading with the company’s capital.
According to the program, every trader who has the required trading skills and experience deserves to succeed in the market.
For this reason, the prop firm requires you to first prove your trading skills by passive their single-phase evaluation process.
In the evaluation process, you must maintain high consistency, respect the other trading rules, and reach the set profit target.
This allows you to move to a funded account where you’ll be trading with real money and earning a profit share of up to 80%.
If you are highly profitable, the company allows you to earn a maximum profit share of up to 90% of the total profits.
This makes it one of the best-paying prop firms in the forex market following the account sizes it offers to its traders.
For instance, there are up to five account sizes available on the platform.
The account sizes include:
- $15,000 account size.
- $25,000 account size.
- $50,000 account size.
- $100,000 account size.
- $200,000 account size.
The prop firm requires you to choose your preferred account size for you to start your evaluation process.
After making your payment, you’ll receive your account credentials within five minutes.
This will allow you to start your trading journey on the platform in their evaluation challenge which tests your trading skills.
Upon completing your evaluation, it’ll take you between one to three days to receive your live-funded account.
How Does SuperFunded Work?
As a prop firm, the company targets to give all traders the opportunity to trade in the forex market using their capital.
As I explained earlier, the working of the Super Funded prop firm begins by first purchasing your trading account.
If your payment is confirmed, you’ll receive your account login details and start your trading instantly in the challenge stage.
This allows you to begin your trading journey and stand a chance to succeed in the forex market.
SuperFunded Trading platform works in three main stages as follows:
Stage One: Evaluation
The trading process in the platform begins at the evaluation stage where the prop firm tests your skills of trading to confirm if you’re a profitable trader.
Every trader who wants to trade with the company’s funding program must pass through the evaluation stage before moving to a funded account.
In the evaluation, you’re required to first select your tier and begin your challenge immediately after receiving your account credentials.
By trading in the challenge stage, the prop firm requires you to follow the risk management rules strictly to allow you to continue trading.
You’re also required to achieve the required profit targets set in the platform to allow you to move to the next stage.
Stage Two: Funding
In this stage, the prop firm gives you the opportunity to have access to the funding capital on their dashboard.
To move to the funding stage, you must pass your evaluation stage by passing the set profit targets in the challenge.
You’ll also get an opportunity to get more access to other services available on the platform.
Stage Three: Trade
This is the final stage of your trading which allows you to transform your trading into a profit-earning career.
In this stage, the prop firm allows you to trade and earn up to 90% of the total profits you get from your trading.
The prop firm requires you to effectively utilize your trading discipline and maintain high consistency to increase your earnings.
In this stage, you’ll be required to trade and get the best out of your trading journey on the platform.
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SuperFunded Trading Rules
Here are the trading rules used in the SuperFunded prop firm:
The prop firm sets their profit target at 10% which you must reach for you to move to a funded account.
The prop firm only has a single-stage evaluation before allowing you to get a funded account.
Minimum Trading Days
This is the smallest number of days you MUST open your trade for you to be permitted to continue trading.
According to the prop firm, closing a trade is not counted as a trading day.
The minimum trading days set in the program is 3 days.
Maximum Trading Days
There is no maximum number of trading days set in the platform.
This means that you’ll have the opportunity to spend as many days as you want to complete a single stage.
This allows you to put in more effort and have enough time to complete a single stage and move to the next stage successfully.
Maximum Daily Loss
The maximum daily loss in the platform is set at 5% for all the stages of your trading.
Maximum Total Loss
The maximum Total loss in the platform is set at 10%.
The SuperFunded allows you to earn up to 80% of the total amount of profits you make from your trading.
The prop firm allows you to trade with a maximum leverage of 1:30.
The prop firm allows traders to trade news from other sources on the platform.
The prop firm sets you free to hold your trades over weekends, that is if you feel like doing so.
What Are The Trading Instruments Available On SuperFunded?
SuperFunded has varied trading instruments including the following:
- Forex Pairs
Also SuperFunded uses MT4 as their trading platform.
The metatrader4 is a recognized trading platform accepted by most trading devices in the market.
As such, you need to first check if your device accepts MT4 before you can use it as a trading platform.
Which Is The Trusted Broker On SuperFunded?
SuperFunded has a partnership with Eightcap as their trusted broker to ensure all the funds of their trade are safe.
Eightcap provides the best access to various trading platforms while ensuring high safety when trading your favorite asset.
The broker is also loved for its fast and secure payout system in the platform.
In addition, the broker accepts both mobile and desktop software used in trading.
What Are The Benefits Of Joining SuperFunded?
- Unlimited trading time
This prop firm allows you to trade as long as you want without setting any maximum number of trading days.
For this reason, you have the opportunity to trade on their platform for your entire lifetime provided you are profitable and respect other rules in the platform.
In addition, there is no limited number of trading days makes you spend enough time trading to successfully pass a single stage of your trades.
- Offers a profit share of up to 90%.
The SuperFunded allows you to earn a profit share of up to 80% as their default share in the platform.
However, if you are highly profitable, the prop firm allows you to earn up to 90% profit share.
This allows you to maximize your earnings and get the best out of your trade on the platform.
- Single stage evaluation
There is no more wasting time in your evaluation process, especially for profitable traders.
The prop firm only has a single-phase evaluation which allows you to easily move to the funded account if you reach the set profit target.
In addition, the single-stage evaluation enables you to spend the shortest time possible to finish the challenge and start trading with the company capital.
- Allows trading over the weekend
The prop firm allows you to place your trades over the weekend.
This makes it more available for traders who want to maximize more of their trading time.
- Offers funding up to $200,000
The prop firm allows you to trade with a capital of up to $200,000 to allow you to maximize your trades.
The higher capital allows you to maximize your earnings and build a passive income out of your trade.
What Is The Cost Of Joining A SuperFunded?
The cost of joining a SuperFunded prop firm varies depending on the account size you choose for your challenge.
Here are the available account sizes and their corresponding prices on the platform:
- $15,000 account size costs $129.
- $25,000 account size costs $215.
- $50,000 account size costs $249.
- $100,000 account size costs $700.
- $200,000 account size costs $1,400.
How Is Payouts Processed In SuperFunded?
Once you begin trading with a live account on the platform, you’ll start making real profits from your trading.
The prop firm allows you to trade for the first 30 days before you qualify for a withdrawal.
The prop firm allows you to withdraw 80% of your profits which may sometimes move up to 90% depending on your consistency.
In addition, when you’ll be making your first withdrawal, the prop firm confirms your profitability.
As you receive your profit share into your account, the prop firm also withdraws as their corresponding profit share.
This makes you continue trading with zero profits as you wait for your next subsequent withdrawal as set in the platform.
The SuperFunded platform allows you to make your subsequent withdrawals on a bi-weekly system.
This means that you’ll have to wait for another 14 days to make your withdrawal after earning your first profits from the platform.
What Are The Available Payment Methods In SuperFunded?
SuperFunded platform accepts various payment methods which include the following:
- Credit cards
- Debit cards
Does SuperFunded Have A Refund Policy?
The prop firm DOESN’T offer any refund.
This means that after purchasing your trading account, you’ll not be eligible to claim back your registration fee.
This makes the prop firm unique as most competitors offer a refund of the registration fee to traders.
For instance, traders in most prop firms get the opportunity to reclaim their registration fee.
As for traders using the SuperFunded, this is a great disadvantage as you’ll only benefit from the profits you make from your trading.
Is SuperFunded Legit?
In my opinion, SuperFunded seems like a legitimate prop firm allowing traders to build a passive income with their funding program.
The prop firm has a single-phase evaluation which profitable traders use to test their skills.
In addition, the prop firm offers a capital of up to $200,000 with the lowest account size having a balance of $15,000.
With as low as $129, the prop firm allows you to own a trading account and venture your trading potential online.
Despite the company being a legitimate prop firm, it faces some countable drawbacks in its operation.
These challenges include the lack of a refund policy in their platform which denies traders the opportunity to reclaim their registration fee.
Most of the traders in the forex market use this policy to pay back traders their registration fee once they get to a funded account.
Failure to offer a refund policy and scaling opportunities to traders in their platform makes it the last option.
In addition, if you lack the required trading skills required, you’ll not stand a chance to pass your evaluation stage.
This will deny you the opportunity to trade with a live-funded account where you can make real profits and grow your business.
My Assessment Of SuperFunded
I have based my assessment of the SuperFunded proprietary firm on the following key topics:
Profit Splits: 9/10
The prop firm has one of the best profit shares offering traders up to 90% of the total profits they make from their trades.
This motivates more traders to join the platform and increase their earnings to help them build a stable income.
In addition, the high profit share makes it a better option for many traders who want to venture into forex trading as a career.
Scaling Opportunities: 0/10
The prop firm has no scaling information mentioned in their platform.
For this reason, there is no guarantee that you may get your account scaled up despite being a member of their trading community.
Profit Targets: 4/10
Despite the prop firm only offering a single-phase evaluation, you’ll have to pass a profit target of up to 10%.
In the market, most prop firms set a profit target of less than 10% in their evaluation stage to make it easy to pass by many traders.
The high-profit target only allows more profitable traders to stand a chance to pass the evaluation and move to a funded account.
SuperFunded prop firms are slightly less affordable as compared to most prop firms in the forex market.
For instance, there are some prop firms in the market that offer traders an opportunity to own a funded account with as low as $50.
As for the SuperFunded prop firm the lowest you can pay to purchase an account is $129 which may be quite high for some traders.
Trader supports: 6/10
The trader support in the platform is on average compared to most prop firms in the forex market.
However, you can still reach their customer support team via their official contacts to make inquiries on the platform.
This allows you to make inquiries from their customer support team and get them answered as soon as possible.
Tradable assets: 8/10
The prop firm offers a variety of tradable assets including forex pairs, indices, cryptocurrencies, metals, and much more.
This allows you to trade your favorable asset and earn more out of your trade on the platform.
In addition, the assets are available for trade by anyone who joins the platform to trade.
SuperFunded platform is a trusted platform with numerous testimonies online from traders.
In addition, the prop firm has a transparent payout system with a biweekly payment.
For this reason, it is one of the prop firms with the most conducive trading environment.
My Overall Rating: 5/10
In my view, I would give SuperFunded a 5/10 star rating as compared to other prop firms in the forex market.
Despite being new in the market, it has a funding program that also helps traders venture their careers online.
What Are People Saying
The prop firm has an average rating of 2.8/5 on Trustpilot from a sample review of 5 reviewers (October 19, 2023).
Out of the 5 reviews, 20% of them awarded the company a five-star rating as shown below:
From the reviews, only one person gives the prop firm a five-star rating with the comment expressing the satisfaction of the prop firm services.
The review explains that the prop firm is safe and secure with its services being open to everyone.
The other reviews speak negatively about the prop firm with most of them complaining about their payment system.
For instance, Emilio Trevino, complains that the prop firm denied him the opportunity to get a payout after making a withdrawal request.
This was after the prop firm complained of him breaking a rule in his trading process on the platform.
The reviewer also complains of poor customer service and low professionalism as shown below:
Liz T, another reviewer on the platform complains about the SuperFunded being an unprofessional company.
According to Liz, the company has not yet allowed withdrawal requests even after waiting for more than 14 days.
This comes after the prop firm set the withdrawal request time to be after 14 days of trading.
Antique Ul, another reviewer of the SuperFunded prop firm also thinks negatively about the company.
By giving it a one-star rating, Atique thinks the company lacks community as a trading firm which reduces the chances of interaction.
This results from the newness of the company in the forex market as many traders still know little about the prop firm.
FAQs About SuperFunded
How Long Will It Take To Receive My Account Details After Making Payment?
After making your payment, you’ll receive your account login credentials within five minutes when your payment is confirmed.
The prop firm will notify you with your login details via your email to enable you to get access to your trading account.
If you fail to get your email notification within this time, you are required to contact the support team to seek guidance.
Must I Register My Trading Account Using My Real Name On SuperFunded?
The prop firm makes it compulsory for all traders to register their details with their real names.
The prop firm uses your real name to make confirmation when transferring your money via bank transfer.
This makes it more important when making payments especially when you are trading on a live account.
Is It Possible To Withdraw Profits During The Evaluation Stage?
The prop firm uses the evaluation process to test your trading skills before allowing you to use their live-funded account.
For these reasons, the evaluation stage uses virtual money for trading without risking any capital.
This makes it impossible to withdraw any profit from this stage unless you move to the funded account where you’ll be trading with real capital.
Are There Any Recurring Fees On SuperFunded?
The SuperFunded prop firm doesn’t set any recurring fees for traders.
The prop firm only requests a one-time registration fee which is payable before you start trading with their account.
Thank you for reading this SuperFunded Review.
I’ll be glad to know what you think about this prop firm by sharing your thoughts in the comment section below.