We have listed a lot of firms in the past few weeks. Super Funded is one of them. We thought it would be fitting if we gave you an introduction to Super Funded Evaluation Program. Super Funded started operating on the 23rd of February, 2023. Super Funded was founded by veterans of the Australian forex industry. They have a combined experience of around 50 years, with a mission to create a funding program that is beneficial to traders across the world. Their funding program requires a trader to pass an evaluation to demonstrate their skills and discipline.
They are offering motivated traders up to $600,000 in funding with a profit split of 90%. They have integrated their technology with a broker Eightcap, which is an ASIC-regulated broker in Melbourne, Australia.
Super Funded Evaluation Program
Super Funded offers its traders a one-step evaluation program with five different account sizes.
The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 8% maximum loss rules. Your evaluation account has no minimum trading day requirements. However, you do have a maximum trading period of 90 calendar days to complete the evaluation. In addition, you are also required to hit your profit target in order to become funded.
By completing the evaluation phase, you are awarded a funded account where you have no profit targets. You are only required to respect the 4% maximum daily loss and 8% maximum loss rules. Your first payout consists of 90% of the profit made in the funded account. However, the next payouts can be requested on a bi-weekly basis.
Super Funded is different from most of the industry-leading prop firms due to almost never regulating your trading style. You have no minimum trading day requirements while also being able to trade during news releases and hold trades over the weekend and overnight.