What is Supertrade.com?
Supertrade.com is a proprietary trading firm that offers individuals the opportunity to trade with the firm’s capital after passing a structured evaluation challenge or opting for instant funding.
They allow trading in various financial instruments like forex, metals, indices, and cryptocurrencies.
Is Supertrade.com a broker?
No, Supertrade.com explicitly states on its website that it does not act as a broker, accept deposits, or trade on behalf of clients.
They describe their services as “skill-assessment programs.”
How does the Supertrade.com 2-Phase Challenge work?
The 2-Phase Challenge involves two evaluation stages. uk.muraadretail.com Cons & Red Flags
In each phase, a trader must meet specific profit targets (e.g., 8% in Phase 1, 10% in Phase 2) while staying within maximum daily and overall drawdown limits.
An access fee is paid for Phase 1. Upon successful completion, the trader can access a funded account.
What is the “Instant Funding” option on Supertrade.com?
Instant Funding is an alternative where traders can bypass the challenge phases and receive immediate access to a funded trading account.
This option typically requires a higher upfront access fee compared to the challenge.
What financial instruments can I trade with Supertrade.com?
Supertrade.com allows trading in forex currency pairs, metals (like gold and silver), indices, and cryptocurrencies. Scentreach.com Review
What is the profit split offered by Supertrade.com?
Supertrade.com states that traders can keep up to 80% of the earnings generated from their funded accounts.
Are there any time limits for completing the Supertrade.com challenges?
No, Supertrade.com explicitly states that there are no time limits for completing their challenge phases, allowing traders to complete them at their own pace.
Is the access fee for Supertrade.com refundable?
Yes, the access fee for both the 2-Phase Challenge and Instant Funding is stated to be refundable upon the trader’s first successful payout from a live funded account.
What are the maximum drawdown limits on Supertrade.com?
For the 2-Phase Challenge and Instant Funding, typical drawdown limits include a maximum daily drawdown of 5% and a maximum overall drawdown of 10% (though overall drawdown for Phase 2 can be 7%).
Does Supertrade.com offer educational resources?
Yes, Supertrade.com mentions a “Super Academy” aimed at helping traders level up their skills, suggesting they provide educational content. Supertrade.com vs. Ethical Alternatives (A Comparative Look)
What kind of customer support does Supertrade.com offer?
Supertrade.com advertises 24/7 expert assistance and dedicated support for its traders.
What is leverage on Supertrade.com and how much is offered?
Leverage allows traders to control larger positions with a smaller amount of capital.
Supertrade.com offers leverage up to 1:100 for forex, 1:50 for metals, oil & indices, and 1:2 for crypto.
Can I use any trading strategy on Supertrade.com?
Yes, Supertrade.com states that traders can use any strategy with no limits or restrictions, implying flexibility in trading approaches.
What are the common beginner mistakes in trading according to Supertrade.com’s FAQ?
Supertrade.com’s FAQ lists common mistakes as overleveraging, lack of a trading plan, emotional trading, neglecting risk management, and trying to get rich quickly. uk.muraadretail.com Features: A Closer Look at Functionality
What is a trading terminal according to Supertrade.com’s FAQ?
A trading terminal is described as software (e.g., MetaTrader 4/5, cTrader) that allows traders to place, modify, and close trades, and monitor market data.
Does Supertrade.com provide real-time market data?
Yes, Supertrade.com highlights “AI-Powered Market Insights” and “real-time data,” suggesting they provide current market information.
What happens if I violate the rules on Supertrade.com?
While not explicitly detailed on the homepage, proprietary trading firms typically terminate accounts or cease funding if traders breach their drawdown limits or other specified rules.
Does Supertrade.com have a mobile trading solution?
Yes, Supertrade.com mentions offering a high-performance solution for both web and mobile, implying mobile trading capabilities.
Where is Supertrade.com incorporated?
Supertrade Ltd is incorporated under the laws of Saint Lucia, and Supertrade Prop Ltd, acting as a payment agent, is incorporated under the laws of England and Wales. scentreach.com FAQ
How does Supertrade.com define trading?
Supertrade.com defines trading as “the act of buying and selling financial instruments, such as currencies, stocks, or commodities, with the goal of making a profit from price movements.”
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