SuperFunded was founded by GoDaddy.com, LLC in Australia in 2017. It offers various trading assets: Forex, Crypto, Stocks, Oil, Indices and Metals. Besides, the maximum leverage is up to 1:100. However, it is not regulated by ASIC in Australia.
Pros and Cons
Is SuperFunded Legit?
SuperFunded was not regulated by the Australian Securities & Investments Commission (ASIC) in Australia. Traders should be aware of risks because it doesn't need to obey any rules of financial authorities.
What Can I Trade on SuperFunded?
There are over 500 trading assets provided by SuperFunded, including over 40 major and minor foreign exchange pairs of Forex, Cryptos, Stocks, Oil, Indices and Metals.
Account Type
SuperFunded's account varies depending on the get funded.
Leverage
The leverage of SuperFunded is fixed at 1:100. Traders should keep calm when trading. High leverage comes with not only high returns but also high losses.
Trading Platform
Deposit and Withdrawal
SuperFunded can deposit through credit cards, debit cards, Skrill, and cryptocurrencies. If traders purchase a challenge with a credit card, traders can withdraw through bank wire transfer or cryptocurrency. The minimum deposit is $66. However, the concrete fees and processing time are not mentioned.
Customer Service
The Bottom Line
Though SuperFunded provides various trading instruments, it is not supervised by any financial regulations. Besides, it provides high profit and high leverage, but it hides its fees. Keep cautious when choosing a broker.
FAQs
Is SuperFunded safe?
No, it is not regulated by ASIC.
Is SuperFunded a good for beginners?
No, its safety can't be guaranteed.
Is SuperFunded good for day trading?
No, it shows no information about the fees and time.
