Frequently Asked Questions
Your Maximum Drawdown limit is calculated as a static value off the beginning simulated capital deposited into your trading accounts and evaluations.
The Daily Drawdown limit is calculated as a percentage of the previous ending day’s balance. This means that if you end higher or lower than the previous day, you will have the same % Drawdown, but a different $ amount.
The drawdown levels in SuperFunded are as follows:
DXtrade: https://embedded.dx-eightcap.com/
Our maximum drawdown is static, meaning that it remains constant regardless of your account balance fluctuations. The maximum allowable drawdown is set at 10% of the initial account balance. Consequently, your account balance or equity should never fall below 90% of the initial balance throughout your entire trading journey to ensure compliance with our rules. For instance, if you have a $100,000 account, your maximum allowable loss is $10,000. Even if your account balance increases to $110,000 due to profits, your drawdown limit remains at $90,000. Therefore, as long as your balance or equity (whichever is lower) remains above $90,000, you will not violate the overall drawdown rule.
There are no ongoing fees to use the platform.
We are partnered with Eightcap as our broker to offer industry leading spreads and commissions for traders. To simulate trading conditions we include their commissions and optimized market conditions including spreads.
Once you transition to a live funded trader, you must engage in trading with us for a minimum of 30 days to qualify for your initial payout. After that, you can request bi-weekly payouts.
No, SuperFunded does not impose any time constraints on the assessment stage. Therefore, traders have an unlimited duration to successfully complete the challenge. However, your challenge will automatically fail after an inactivity period of 30 days.
There are no profit targets required to be reached on the live funded account. However, the account must end in a positive balance at the end of the 30-day trading period to make a withdrawal.
Our current platform does not support the use of Expert Advisors (EAs) and Indicators.
Also, the following strategies are strictly prohibited:
-Account Management:
Account management refers to the administration of trading accounts. Our system detects similar or identical activities across different users, indicating that these accounts are being managed by a single user. Key indicators of this prohibited behavior include trading activity patterns and login details.
-High-frequency trading (HFT) (manually or using a bot)
-Tick scalping
-Grid trading
-Latency arbitrage trading
-Reverse arbitrage trading
-Martingale Trading
-Data Feed Manipulation
-Use of Delayed Data Feed
If any of these strategies are detected in your live account, it will be considered a violation of the rules, and Super Funded will terminate your account.
The purpose of the evaluation is for us to make sure that you are a consistent trader without any capital risk. As our evaluation is set up to test your trading without risking capital, you cannot withdraw profits on this phase.
SuperFunded was founded by experienced traders and liquidity risk managers. We see $200.000 as an optimal maximum amount of capital before excess levels of slippage and poor trade conditions not suited to retail traders will set in.
We classify our live traders as independent contractors. As such you invoice us for your earnings and must report this yourself to your relevant tax authority.
Yes, as we are on the lookout for individual traders and often make payouts to bank account for our live traders. As such accounts must be created in your own name.
Yes, our program allows for weekend and overnight holding of trades.
No, we do not allow News Trading. We consider trades as News Trading which are opened or closed within 10 minutes before and after high-impact news. If a trade is opened outside this window, it can remain open provided the position is not closed within 10 minutes before or after the news. High-impact news are marked in red in the Forex Factory calendar below.
https://www.forexfactory.com/calendar/
Copying the trades of other users is not permitted. While you can use trade copiers to duplicate your own trades onto your SuperFunded account, please exercise caution to avoid inadvertently mirroring other clients’ trades. Your SuperFunded account can either act as the primary account or receive trades from your other accounts.
However, it’s essential to ensure that you do not place identical orders simultaneously with other traders on our platform. If our system detects consecutive identical orders from two or more users, it is considered a violation of our policies. This rule holds particular importance during the funded trading stage.
As we are evaluating the trading of individuals you are solely responsible for your account login details. If you share account passwords with others it will violate our terms and conditions and as such it is not permitted.
You have the flexibility to purchase challenges using various payment methods, including credit cards, debit cards, Skrill, and cryptocurrencies.
The profit target in the challenge stage is 10%
SuperFunded offers accounts with 1:100 leverage.
We apply 50% profit consistency rule in the live stage. To satisfy the Consistency Rule no single trade can account for 50% or more of your total Required Return or total Target Return.
You can expect to receive your account login information within 5 minutes of your payment. Upon the successful creation of your account, you will be notified via email. If you do not locate our email in your inbox, kindly check your spam/junk folder.
Certainly, as an acknowledgment of your expertise and accomplishment, SuperFunded will provide you with a certificate.
After passing the evaluation, the next step is to undergo the Know Your Customer (KYC) procedure within the My Profile section of your account. Typically, our team reviews this process within 1-3 business days. If your KYC review encounters issues or fails, please send an email to [email protected]
If you come across this situation, please reach out to our support team through email at [email protected]. We’ll provide the necessary assistance to address this concern.
No, SuperFunded does not offer refund upon withdrawal.
You must be 18 years or older to join this site.
Due to regulatory conditions, we are unable to offer services with traders residing in the following countries: Cuba, Iran, North Korea, Myanmar, Russia (or the Crimea, Donetsk or Luhansk regions of Ukraine), Somalia and Syria.
The provision of services is not extended to individuals who appear on sanction lists, possess criminal records associated with financial crime, terrorism, or have been previously prohibited due to breach of contract, with no allowances.
Yes, US residents can purchase challenges on this site.
You can choose bank wire transfer or crypto currency for payouts.
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RISK DISCLOSURE: All information provided on this site is intended solely for the educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, investment advice, business recommendation, investment opportunity analysis or similar general recommendation or general advice in relation to the trading of financial instruments. *Super Funded, does not provide any of the investment services listed. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Super Funded is not a broker and do not accept deposits. The offered technical solution for the Super Funded platforms and data feed is powered by the third-party liquidity providers
