Super Funded has made a splash in the prop trading industry by offering traders the opportunity to manage real accounts with substantial capital allocation, reaching up to $600,000. This firm stands out with its exceedingly generous profit split of 90%, which is among the highest in the market, thus significantly rewarding successful traders. Their flexible trading terms allow for operations during news events, weekends, and overnight, which can be particularly attractive to traders with unconventional schedules or those looking to exploit short-term market volatility. The lack of minimum trading days and a simplified one-step evaluation process further reduce the barriers to entry for new traders.
TopStepFX has established itself as a reputable player in the field over the past decade. It appeals to traders with its structured trading conditions and focused risk management framework. Particularly noteworthy is its scaling plan that encourages traders to grow their account sizes responsibly. While the account sizes are more varied and include options in different currencies (USD, GBP), the effective leverage management indicates a commitment to sustainable trading practices. TopStepFX favors disciplined trading and thus, imposes a rigorous evaluation process along with daily loss limits which can be a double-edged sword—it keeps traders in check but can also restrict trading freedom.
When comparing pros, Super Funded shines for its hands-off approach, allowing traders the freedom to trade without restrictive oversight. Its high profit split and the chance to trade big makes it a potentially lucrative option for the experienced and confident trader. On the other hand, TopStepFX's structure aims at cultivating long-term success with its focus on risk management and incremental growth—a boon for the methodical trader who values stability over rapid gains.
The trading rules set by Super Funded enforce a consistency rule, maximum daily and overall loss limits, prohibit copy trading, mandate a profit target, and restrict the use of third-party expert advisors (EAs) to manage risk. On the contrary, TopStepFX condenses its terms into a broad Funded Trader Program with specific risk parameters and a mandate for disciplined trading. It implies that while TopStepFX might accommodate more structured traders, Super Funded attracts those who favor a less regimented trading environment but still within risk-managed parameters.
Fund management is another area where both firms differ. Super Funded allows for modern deposit and withdrawal methods like cryptocurrencies and uses Deel for payments, catering to the tech-savvy global trader. TopStepFX's more traditional approach with bank wire transfers for withdrawals may appeal to traders seeking familiarity but might be seen as less flexible by others.
Super Funded provides a variety of account sizes from $15,000 USD to $600,000 USD, exclusively in USD, and offers a broad selection of tradeable instruments including commodities, crypto, forex, and indices. This diversity enables traders to spread their strategies across different markets. In contrast, TopStepFX seems to focus solely on commodities and offers account sizes in different currencies, potentially appealing to those specializing in this segment or preferring a non-USD base currency.
The maturity of these firms must not be overlooked. Super Funded's recent incorporation in February 2023 might raise questions about its track record and stability, which only time can address. Conversely, TopStepFX's existence since February 2012 lends it a level of credibility and experience in the sector.
For retail traders and potential users, the choice between Super Funded and TopStepFX will boil down to individual trading needs, risk tolerance, and strategy flexibility. Super Funded offers rapid, high-capital trading with the potential for large profits, while TopStepFX emphasizes structured growth and disciplined trading with a proven long-term approach. It would be prudent for traders to weigh Super Funded's attractive terms against the longevity and structure provided by TopStepFX.