Super Funded vs True Forex Funds

Overview of Super Funded and True Forex Funds

In the competitive arena of proprietary trading firms, Super Funded and True Forex Funds stand out with distinct features appealing to diverse trading styles and preferences. Retail traders seek out prop firms that align with their trading methods, profit objectives and provide a level of support and infrastructure that can help them succeed.

Super Funded: Simplified Approach with High Profit Split

Super Funded has positioned itself as an enticing option for traders aiming for high capital allocation, offering real accounts with the potential for traders to manage up to $600,000 and a very generous 90% profit split. Their simplified evaluation process is a breath of fresh air for traders impatient with multiple stages of assessments, enabling quick entry into the market. The absence of minimum trading days further adds to the appeal, allowing traders to operate at their own pace. Moreover, the flexibility in trading styles is a principal advantage here, as it permits traders the liberty to trade during news releases, weekends, and overnight sessions—times when the market can present lucrative opportunities. The tradeable instruments include Commodities, Crypto, Forex, and Indices, catering to a well-rounded spectrum of markets. The deposit and withdrawal methods are somewhat varied, featuring both cryptocurrencies and Deel for withdrawals, which could be advantageous for traders looking for multiple payment routes. However, traders should be aware of the rule set, which includes a consistency rule, maximum daily and overall loss limits, and a prohibition on copy trading, which may influence their trading strategies.

True Forex Funds: High Trust and Flexibility

True Forex Funds has garnered a respectable Trustpilot rating of 4.6/5, indicating a high level of trader satisfaction. The firm offers three different two-step evaluation programs, which, while more involved than Super Funded's one-step process, provides a structured pathway for traders to demonstrate their skills. Critically, the firm offers unlimited retries for evaluations, which is a relief for traders as it removes the pressure of "one-shot" assessments. The profit share is slightly lower at 80%; however, this is still an attractive split, especially when paired with the leverage option of 1:100. This leverage level is particularly compelling for traders who rely on capital efficiency. Similar to Super Funded, they permit a flexible trading style, including during times that other firms may prohibit trading. Nevertheless, one must consider the high evaluation account prices and the high commission costs, which could eat into profits. Additionally, a 5% maximum daily equity-based drawdown is quite restrictive and may not align with all trading strategies. True Forex Funds allows for a wider range of account sizes denominated in EUR, GBP, and USD, thus serving a more international clientele. Its tradeable instruments extend into Metals alongside Commodities, Crypto, Forex, and Indices, potentially attracting traders with specific market preferences. The additional withdrawal method of Bank Wire Transfer, alongside Deel and crypto, might be a determining factor for traders when choosing a prop firm.

Comparing Account and Currency Flexibility

In considering account sizes, both firms offer USD options, but True Forex Funds extends its offering to include EUR and GBP denominated accounts, which could be beneficial for traders looking to avoid currency conversion charges. It is important to consider the account currencies in light of the trader’s base currency for potential savings in currency exchange fees.

Rules and Regulations: A Tightrope Walk

The rules established by each firm may present unique challenges. For example, Super Funded's Consistency Rule can impede traders accustomed to varying their position sizes significantly, while the ban on copy trading may deter those who prefer to follow the signals or strategies of others. Equally, True Forex Funds' daily loss limitations and heightened awareness of risks related to third-party EAs and copy trading imply a more controlled but restrictive trading environment.

Final Thoughts for Retail Traders

Both Super Funded and True Forex Funds offer differentiating factors that make them stand out for certain types of traders. The higher profit split and flexibility of Super Funded might appeal to the bold trader looking to maximize earnings in a liberal trading environment. Conversely, True Forex Funds provides a structured, yet restart-able path to funding, alongside an internationally friendly platform that accommodates various trading styles and a wider array of instruments. Due to their respective pros and cons, a trader's individual preference for evaluation process, trading flexibility, profit sharing, and rule adherence will be the deciding factors when choosing the right fit.