SuperFunded is a proprietary trading firm based in Victoria, Australia, founded in 2021. The company provides funding support to traders, allowing them to trade various financial instruments.

Key Features

• Trading Instruments: Forex, indices, precious metals, commodities, stocks, cryptocurrencies.
• Maximum Account Balance: $200,000
• Profit Split: Up to 90%
• Fees: Starting from $129
• Trading Platform: MetaTrader 4

SuperFunded focuses on providing capital to traders. Its main business is to offer funding support, enabling traders to trade forex and other CFD assets. The account balances offered by the company range from $6,000 to $200,000.

Trading Types

• Forex: Includes major and minor currency pairs
• Indices: Major indices such as DAX, Dow Jones, NASDAQ, and S&P 500
• Commodities: Oil
• Precious Metals: Gold and Silver
• Cryptocurrencies: Various major cryptocurrencies

Account Sizes and Fees

SuperFunded offers account balances starting from $6,000, up to $200,000. To apply for a funded account, traders must complete a two-stage evaluation challenge. The fees range from $66 to $999 depending on the account size.

Leverage and Profit Split

SuperFunded offers the following leverage ratios for different trading instruments:

• Forex: 1:100
• Indices: 1:30
• Commodities: 1:30
• Precious Metals: 1:30
• Cryptocurrencies: 1:30

The profit split offered by SuperFunded is 80%, applicable to all account sizes.

Challenge Rules

To pass the evaluation and obtain a funded account, traders need to complete a two-stage challenge. The challenge requirements include:

• Minimum Trading Days: At least 4 days
• Challenge Duration: Unlimited, with the goal to be achieved within any time frame
• Maximum Daily Drawdown: 5% of the account balance from the previous trading day
• Maximum Overall Drawdown: 10% of the initial account balance
• Profit Target: 10%

Other Considerations

• EA Trading: SuperFunded allows the use of EAs but prohibits certain strategies deemed as abuse, such as arbitrage, grid trading, and Martingale strategies.
• Free Trial: SuperFunded does not offer a free trial.
• Challenge Reattempts: SuperFunded does not offer free reattempts of the challenge, so traders need to have a professional strategy and risk management.
• Trading Platform: SuperFunded uses the widely adopted MetaTrader 4 platform.
• Trading Hours: SuperFunded allows overnight positions and positions held over the weekend. Traders do not need to close positions on weekends but should be aware of potential market gaps.
• News Trading: SuperFunded permits trading during news releases. Traders should be cautious of market volatility and ensure not to exceed safe maximum lot sizes, managing their trades carefully.

Summary

As a proprietary trading firm, SuperFunded offers a wide range of trading instruments and high profit split opportunities. Although its evaluation may seem average, the funding support and flexible trading conditions make it a viable option for traders.