SuperFunded Exposed: Trader Safety Concerns

SuperFunded touts itself as a proprietary trading firm that will fund traders with up to $200k. While the company seems to have a positive reputation among Trustpilot users with an overall rating of 4.4 stars, we found a couple of serious red flags that we thought we would expose. 

Is SuperFunded safe or a risky prop firm?

Answer: While there is no definitive proof that SuperFunded is a scam, multiple indicators of risk surround its operations, and for that reason, we urge traders to proceed with the utmost caution.

SuperFunded Prop Firm Overview

SuperFunded PROS

In our prop firm superfunded review, we identified several features that appeal to the modern retail trader:

• Up to 90% profit split, which is among the highest profit sharing levels in the industry.

• The availability of both 1-Step and 2-Step challenges allows traders to choose a structure that best fits their timeline and risk tolerance.

• The platform offers USDT rewards and incentives, providing a modern alternative to traditional payout methods.

• There are often no maximum trading day requirements, meaning traders can take as long as they need to hit profit targets without feeling rushed.

• Successful traders can access increased capital through scaling plans, rewarding consistent performance with larger account balances.

• The transition from passing an evaluation to receiving a funded account is typically automated and rapid, minimizing downtime.

• The use of TradeLocker provides a modern, mobile-responsive trading experience compared to older, less-responsive platforms.

SuperFunded CONS

Despite the perks, this prop firm is not without some drawbacks:

• Failing any phase of a challenge requires the trader to pay a new fee and restart the entire process.

• Any breach of daily or total loss limits results in instant account closure, even if the account is otherwise profitable.

• Profit targets must be maintained over a minimum number of trading days to qualify for advancement.

• High profit-split percentages are subject to consistency rules and discretionary internal reviews rather than being guaranteed.

• Traders are limited to the Eightcap broker and platforms, leaving them with fewer choices.

• Promotional discounts and rewards are subject to change or removal at the company’s discretion.

3 Serious Red Flags About SuperFunded

1. Excludes Clients Based In Its Own Jurisdiction

SuperFunded shows on its Trustpilot profile that it’s located at 500 Bourke St, 3000, Melbourne, Australia. But ironically, the company does not accept Australia-based traders, even though its partner broker, 8eightcap does. 

I actually inquired directly from the company through, the live chat support, and I was told that the company does not accept traders in;

• Australia
• Cuba
• Iran
• North Korea
• Myanmar
• Russia (or the Crimea, Donetsk, or Luhansk regions of Ukraine)
• Somalia
• Syria

This discrepancy is a massive red flag.

It begs the question: why would a firm base its physical operations in a jurisdiction where it’s unwilling to serve its own local citizens?

Typically, when a prop firm excludes its home country, it can be seen as a defensive maneuver to avoid local oversight. Companies tend to do this mainly when they engage in dishonest practices.  

2. SuperFunded Remains Unpopular

Strangely, this prop firm is barely mentioned on Reddit despite having been around for several years. Reddit is often considered one of the most candid and useful consumer discussion platforms, even for new or lesser-known brands. 

This is largely due to consumers’ preference for Reddit over conventional review platforms, which allows discussions about even relatively new brands to emerge early, often before they appear elsewhere.

It begs the question: 

Why is no one talking about this prop firm on Reddit, despite it having been operational since 2021? To an untrained eye, that may seem insignificant or coincidental. However, to a trained eye, such an absence of organic discussion is highly unusual and suggests that something is not quite right.

3. SuperFunded’s Domain Age and the Prop Firm’s Rollout Date Discrepancies

Further, the WHO.IS, domain checker tool shows that the superfunded.com domain was registered in 2017. However, MyFXBook reports that the prop firm was established in 2021. Two pertinent  questions arise; 

• If the domain, superfunded.com, was registered in 2017, as shown by the WHO.IS domain checker tool, how is it that the prop firm only surfaced in 2021, four years later?

• Was this domain dormant for that long, or was it bought from another entity?

The discrepancy between the domain’s age and the prop firm’s rollout date is a significant red flag that may point to domain squatting or brand recycling. It suggests the current operators likely purchased an existing domain.

Let me explain to you why a prop firm that is operating with a domain bought from a previous entity is very risky:

To begin with, do you remember the scam broker called “BCHWorld(bchworld.com/bchworldex.com/bchworldue.com)” that we exposed last year? You can find our review of this fraudulent operation, flagged by the Dutch Financial Markets Authority, on this page. 

Surprisingly, the primary domain of this dubious scheme, bchworld.com, is now listed for sale at GoDaddy. 

What if the superfunded.com was bought from a previous scam operation? 

The SuperFunded Giveaway and Community Incentives

One way the firm attempts to build engagement is through the SuperFunded giveaway model. Currently, they offer a “Share Your Payout” promotion. Traders who receive a payout and share proof on social media are rewarded with 5 USDT. While this may seem like a generous community-building exercise, it also serves as a cheap marketing tool to flood social media with positive “proof” of payments, which may skew the perception of the firm’s reliability.

Before participating in any SuperFunded giveaway, traders should consider whether the small reward is worth the potential risk of trading on a platform with the aforementioned red flags.

SuperFunded operates as a proprietary trading firm that offers funding of up to $200k, profit split of up to 90%, leverage of up to 1:50, and maximum loss limits of 5%-10%, depending on the challenge. 

Final Verdict

Further, the prop firm is verifiably based in Australia and owned by a parent company called “THE AUDACIOUS GROUP PTY LTD.”

Additionally, it has a positive reputation in Trustpilot, where many users have given it 5-star ratings. 

While these marketing claims and favorable reviews may make it enticing to many traders, one fundamental question often lingers among cautious traders who have never traded with the firm and are considering giving it a try: Is this prop firm safe, or is it risky?

The answer is simple: SuperFunded is not an outright scam, as there is no conclusive evidence to suggest fraudulent intent or systematic misconduct. 

However, several indicators of risk remain, and as such, traders should approach the firm with caution, carefully review its rules and payout conditions, and only commit funds they can afford to lose.

For example, it raises eyebrows that the firm excludes clients based in its own jurisdiction, Australia. It is also unusual that SuperFunded remains relatively unknown, particularly within the Reddit trading community, despite having operated for several years. Additionally, discrepancies between the domain’s registration date and the firm’s claimed rollout timeline further contribute to concerns around transparency and credibility.

FAQs

We have compiled a SuperFunded FAQ section addressing questions not covered in the main review.

1: Can I use Expert Advisors (EAs) on SuperFunded? 

Answer: SuperFunded generally allows EAs, but they must not be used for “latency arbitrage” or “tick scalping.” If your EA is found to be using “toxic” trading strategies, your account can be terminated without a refund.

2: What happens if I am inactive? 

Answer: If an account remains inactive for a period exceeding 30 days, SuperFunded reserves the right to disable the account. This is a common practice, but it adds another layer of pressure on the trader to remain active.

3: Is there a “Consistency Rule” for payouts? 

Answer: Yes. SuperFunded emphasizes consistency. This means you cannot hit your profit target with one single trade. They look for a “trading journey” that shows repeatable skill rather than gambling on high-impact news events.

4: Does SuperFunded offer a free trial? 

Answer: Currently, there is no mention of a free trial on the official website. Most SuperFunded review Trustpilot entries mention paid challenges only.