Does SuperFunded pay out?
The verdict, the risk score and the figures behind them.
We found something serious: a payout pattern, a severe clause, or regulator action.
We could not evidence a single dated, attributable payout to a SuperFunded trader anywhere, and the terms give the firm several clean routes to refuse or shrink one. That combination is what drives the rating, not the firm's identity, which is better than most of this industry.
- The operator is real and checkable: Eightcap International Ltd, Seychelles, confirmed on the Seychelles FSA securities dealer register, part of the Eightcap broker group.
- Zero evidenced payouts. The 19 payout certificates on the homepage carry no date and no certificate id, only an amount and two initials. Across four independent sources we found no trader naming an amount they received.
- The rulebook is unusually numeric for this industry, which closes the classic undefined consistency trap, but a 5% profit cap with explicit forfeiture of the excess sits on the first three payouts.
- Payout approval rests with a risk team holding sole and absolute discretion, and the trade review is triggered by the payout request itself.
- Three payout refusal or delay complaints cluster in May to September 2023, under an earlier live account model. Real, but three years stale.
Risk breakdown
Six axes, each scored 1-10. Higher means more risk.
Six axes, scored 1 to 10, where a higher number means more risk. Being unregulated is normal for a prop firm and is not scored against them.
- Identity & transparency4/10
Operating entity named in the terms and confirmed on the Seychelles FSA register within a real broker group, which is well above sector norm; offset by an inflated 2021 founding claim, no about or team page despite a public claim to have published leadership bios, and the entity being findable only inside a PDF.
- Payout7/10
Zero dated attributable payout artefacts across four swept sources, the firm's own 19 certificates carrying no date or id, and a real if stale 2023 cluster of refusal and delay reports; no current pattern confirmed and no systematic denial.
- Terms & rug-pull risk7/10
Numeric published thresholds throughout are a genuine mitigant, but a 5% profit cap that forfeits the excess, payout approval at sole and absolute discretion, trade review triggered by the payout request, and forfeiture plus clawback on breach are collectively severe.
- Trading conditions3/10
Simulated only stated plainly and repeatedly, platform named, leverage, commissions and swaps published per asset class; small deductions for live execution flavour in the homepage copy and an article naming a platform the rulebook does not.
- Reputation5/10
Only 60 Trustpilot reviews and 25 in twelve months, heavily concentrated by geography with several reviewers arriving via giveaways or an affiliate manager, and almost no substantive reports about money arriving; too little independent data to read either way.
- Operational & social3/10
Clearly alive: 5,292 member Discord with 179 online, rulebook reissued 31 August 2026, a live promotion and reviews within the last week; deductions for a payout channel closed to public read and no Facebook, YouTube, Telegram or LinkedIn presence at all.
Payout reality
Whether the money actually arrives, and what we could evidence.
This is the part of the report that decides the verdict, and the honest answer is that we could not evidence money leaving. That is a statement about the absence of a trail, not a finding that payouts have failed.
What we could establish:
- The homepage carries 19 payout certificates ranging from $123.89 to $7,492.84. We read the underlying markup: there is no date and no certificate id on any of them, only an amount, a challenge name and two initials. By our proof standard these are claims.
- Trustpilot holds 60 reviews at 4.6, only 25 in the last twelve months. The recent tail praises support and speed of setup, and several reviewers say the opposite of what a payout record needs: one on 30 January 2026 wrote 'Haven't requested any payout, I'll update once i do', and another in February 2026 wrote 'I can't wait to get my first payout'. No recent review names an amount received.
- The Discord server is busy, 5,292 members with 179 online, but its payout channel is not readable without joining, so it corroborates nothing. In an industry where a public payout channel is the normal transparency gesture, that is a missed one.
- PropFirmMatch carries SuperFunded only as an unlisted firm, meaning it has not passed that directory's vetting. We found no Reddit thread about the firm at all.
Against that, three payout integrity complaints cluster tightly in 2023: a trader on 9 May 2023 who passed, requested a withdrawal and waited 14 days while barred from holding positions; one on 16 May 2023 alleging refusal to pay him and several friends after three weeks, with fee refunds or free larger challenges offered instead of profits; and one in September 2023 told at payout that he had breached the copy trading rule, with no evidence produced. Same failure mode, time clustered, checkable specifics, but a single platform and three years old under a materially different model. The firm answered all three, in one templated batch on 9 May 2025.
How the program works
The evaluation, the funded phase and what the firm keeps.
A buyer pays a non-refundable access fee for a simulated trading evaluation. Nothing is deposited and no capital is at risk beyond the fee.
- One Phase: bankrolls of $5k to $200k, fees $55 to $1,469. Profit target 8%, minimum 3 trading days, maximum daily drawdown 3%, trailing maximum drawdown 5%. Forex leverage 1:30.
- Two Phase: bankrolls of $3k to $200k, fees $33 to $1,299. Assessment target 10% then qualification target 5%, minimum 4 trading days, maximum daily drawdown 5%, fixed maximum drawdown 10%. Forex leverage 1:50.
- Platform: TradeLocker. Commission $7 per lot on most instruments, 0.01% on crypto, standard swaps. Around 700 instruments across forex, metals, oil, indices, stocks and crypto.
- Funded stage: no profit target. Minimum 3 trading days on One Phase, 5 on Two Phase. Maximum aggregate allocation $900,000.
- Payouts: requestable 14 days after account opening and every 14 days after, minimum $100, typically processed in 24 to 48 hours once approved. Paid by bank wire or crypto.
- Paid add-ons: 7 day withdrawal cycle at plus 30% of the fee, a 90% profit share at plus 35%.
Who they are
The company behind the brand, and where it is registered.
- Brand: SuperFunded (also written Super Funded)
- Legal entity: Eightcap International Ltd, named as the administering company in both the General Terms and the Rules and Conditions
- Registered: Republic of Seychelles, company number 8427413-1, Seychelles FSA securities dealer licence SD100, confirmed present on the FSA register
- Registered address: Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles. The Trustpilot business contact gives 500 Bourke St, Melbourne, Australia, the Eightcap group head office
- Website: superfunded.com. Domain registered October 2017 but carrying unrelated content until late 2022; the SuperFunded brand first appears in March 2023
- Founded: evidence points to early 2023. The firm's own press material says 2021 and a directory listing says four years in market, neither of which the record supports
- Team disclosed: thinly. A press release names Ryu Takahashi as CEO and the Discord invite comes from an account styled Ryu SuperFunded, but there is no about or team page on the site and no independently checkable profile
- Where it accepts traders from: worldwide except 20 named restricted territories, including Australia, Russia, Iran and Lebanon
Company on record
The legal entity named in the terms, as found on a public registry.
- Legal name
- Eightcap International Ltd
- Registration number
- 8427413-1
- Jurisdiction
- Republic of Seychelles
- Registered address
- Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles
- Registry
- Seychelles Financial Services Authority, securities dealer register
Why this verdict
How the findings add up to this verdict.
Two findings that would each be tolerable alone combine badly here.
- No evidenced payout, from any source. Not thin, not dated: none. A firm operating since early 2023 with an active Discord and a paid affiliate programme should have left a trail by now.
- Terms that let the firm keep a winning balance. The 5% profit cap forfeits everything above it on the first three payouts, so a $200k account that earns $30,000 in a cycle can be reduced to $10,000 with the rest deleted on reset. Approval sits with a risk team holding 'sole and absolute discretion'. Breach means forfeiture plus a right to claw back sums already paid.
- The review happens when you ask for the money. The terms provide that on receipt of a payout request the company may assess and review your trading, and that monitoring continues after participation. That is the standard denial mechanic.
- Marketing that contradicts the firm's own rulebook. A pledge published on superfunded.com promises 'two main measurable limits', 'No soft targets. No subjective risk scores' and 'We will never comb through past trades to invent violations after the fact'. The current rules impose a profit target, minimum trading days, a daily drawdown limit, a profit distribution cap, a profit cap and fourteen prohibited strategies.
- The 2023 complaint cluster is stale but it is the same brand, the same domain and the same broker relationship, so it is not severed history.
Counterpoints
The strongest case in their favour, and what would change our mind.
The case in their favour
The case for SuperFunded is stronger than the score suggests, and it rests on things we verified rather than on marketing.
- The counterparty is real. Eightcap International Ltd is on the Seychelles FSA securities dealer register and belongs to a multi-jurisdiction broker group with a Melbourne head office. A trader with a dispute knows exactly who to pursue, which is not true of most firms in this sector.
- The disclosure about simulation is honest. The terms state in capitals that funded accounts remain simulated only and that the bankroll is 'fictitious and representative in nature only'. Many competitors obscure this.
- The rulebook closes the consistency trap. The profit distribution limit is published at 40% for bankrolls to $25k and 30% above, the news window is a stated 10 minutes either side, and even gambling style trading is reduced to numbers: a 2.5% loss threshold and an exposure test. A firm that publishes the threshold has taken that denial route away from itself, and that is genuinely exonerating.
- It passes the deposit test cleanly. No cashier, no deposit or live account route, no client money language anywhere in the full terms, and the site states plainly that it is not a broker and does not accept deposits.
- It is demonstrably alive. The rules document was reissued on 31 August 2026, a promotion runs to 30 September 2026, and reviews arrived within the last week.
- One recent reviewer reports seeing a payout processed even after a news rule breach, which if accurate cuts against the mechanical reading of the terms.
What would change our mind
Specific and checkable, in both directions.
- Upward, fastest route: two or more Trustpilot or Reddit reports from separate traders naming an amount, a date and a method for money actually received. One such pair would move this to mixed signals immediately.
- Upward: the Discord payout channel opened to public read, or certificates on the homepage carrying a date and a verifiable id.
- Upward: the profit cap either removed or restated so that profit above 5% is carried forward rather than forfeited.
- Upward: the transparency pledge corrected to match the rulebook, and an about page naming the leadership the firm has already claimed to have published.
- Downward: any new payout refusal report dated 2026, particularly one where the breach surfaced only at the withdrawal request, or a second platform showing the same pattern.
- Downward: a regulator warning naming superfunded.com or Eightcap International Ltd, the storefront continuing to sell while payouts queue, or the Discord going quiet against its current cadence.
Evidence ledger
Every finding behind the verdict, with its source.
- In favour
E1The operating entity is Eightcap International Ltd, a Seychelles company, named as the counterparty in clause 1.1 and in the footer of every page of the General Terms. This is the STRONG identity key for the whole report.
- In favour
E2Eightcap International Ltd appears on the Seychelles FSA securities dealer register, confirming the entity named in the terms exists and is supervised. Corroborating public records give company number 8427413-1, licence SD100 and a Providence, Mahe registered address.
- Against
E3All 19 payout certificates on the homepage carry only an amount, a challenge name and two initials. Reading the underlying markup confirms no date and no certificate id is present on any of them, so none meets the standard of a payout record.
- Against
E4The profit cap forfeits winnings: 'This profit cap applies to the first three approved Payouts only. Any profit over the cap is forfeited and will be removed when your Account is reset to the original balance', set at 5% of the nominated bankroll.
- Against
E5Payout approval is unbounded: the risk team 'have sole and absolute discretion in determining whether Payouts are approved', and the General Terms add that on receipt of a payout request the company may assess and review the trader's activity.
- Against
E6The firm's own transparency pledge promises 'two main measurable limits', 'No soft targets. No subjective risk scores' and 'We will never comb through past trades to invent violations after the fact'. Its current rulebook imposes a profit target, minimum trading days, a daily drawdown limit, a profit distribution cap, a profit cap and fourteen prohibited strategies, and its terms provide for review after participation.
- Against
E7A time clustered set of three payout integrity reports from May to September 2023: a 14 day unprocessed withdrawal with positions barred and a support email citing a 'huge influx of incoming withdrawal request'; an allegation of refusal to pay after three weeks with fee refunds or free larger challenges offered instead of profits; and a copy trading breach asserted at payout with no evidence produced.
- Against
E8The recent review tail confirms the absent payout trail rather than contradicting it. A reviewer on 30 January 2026 wrote 'Haven't requested any payout, I'll update once i do' and another in February 2026 wrote 'I can't wait to get my first payout'. No recent review names an amount received.
- In favour
E9The firm passes the deposit test. No deposit, cashier, funding, wallet, live or account-types page exists on the domain, the full terms contain no client money or segregation language and describe the bankroll as 'fictitious and representative in nature only', and the site footer states that Super Funded 'is not a broker and do not accept deposits'.
- Against
E10Founding claims are inflated and inconsistent. A press release dated 21 May 2025 describes the firm as founded in 2021 and names Ryu Takahashi as CEO, while the archive shows superfunded.com carrying unrelated content until late 2022 with the SuperFunded brand first appearing in March 2023 and the Trustpilot profile claimed in February 2023.
Official channels
Official accounts and the captures we archived.
Official channels
Audience size and the latest post we could see, captured on the review date. A prop firm usually goes quiet before it stops paying, so an inactive channel is worth noticing.
What we captured
Screenshots taken by WIKILIX on the review date. Pages change; these do not.
Questions about SuperFunded
The questions traders actually ask about this firm.
We could not evidence it. The 19 payout certificates on the homepage carry no date and no certificate id, and across Trustpilot, Reddit, PropFirmMatch and the firm's own community we found no trader naming an amount and a date for money received. That is an absent trail rather than a proven failure, but for a firm operating since early 2023 the absence is itself notable.
Yes, entirely. The terms state in capitals that funded accounts remain simulated only and describe the bankroll as fictitious and representative in nature only. This is the industry norm and is not itself a problem, but it means payouts come out of the firm's fee revenue.
It is the single most important term for a winning trader. On the first three approved payouts you can only collect profit up to 5% of your nominated bankroll, and the rules state that any profit over the cap is forfeited and removed when the account resets. On a $200k account a $30,000 cycle becomes $10,000, with the remainder deleted rather than carried forward.
Three, all on Trustpilot and all between May and September 2023: a 14 day unprocessed withdrawal with positions barred, an alleged refusal to pay a trader and several friends with fee refunds offered instead, and a copy trading breach asserted at payout without evidence. The firm replied to all three, in a single batch two years later. The model has changed since, so these are real but stale.
Fourteen days from account opening, then every fourteen days, with a $100 minimum and 24 to 48 hour processing once approved. A paid add-on shortens the cycle to seven days.
A real prop firm. There is no cashier, no deposit page and no live account option, the full terms contain no client money language, and the site states that it is not a broker and does not accept deposits. You pay a non-refundable access fee and nothing more is at risk.
Eightcap International Ltd, a Seychelles company, number 8427413-1, on the Seychelles FSA securities dealer register and part of the Eightcap broker group. It is named in both terms documents, though not anywhere on the website itself.
Yes. The terms provide that on receipt of a payout request the company may assess and review your trading, and that monitoring continues after your participation. The risk team holds sole and absolute discretion over approval. This is the standard mechanic behind payout denials in this industry, and it is present here despite a pledge on the firm's own site promising never to review past trades after the fact.
The hedging ban on funded accounts. It is defined to include correlated exposure across different instruments, giving long EURUSD alongside long USDJPY as an example, so an ordinary two position book can breach it without any intent to hedge.
No. Prop firms sell an evaluation service rather than a regulated investment, so in most jurisdictions there is no licence to hold and its absence is the normal baseline. What matters here is that the operating entity is nonetheless a registered, supervised company, which makes it identifiable and pursuable.
What we would do
What we would do with our own money.
Treat this as a firm to test with money you are willing to lose, not one to scale into.
- Read the Rules and Conditions before you buy, not the homepage. The profit cap, the profit distribution limit and the hedging ban are in the PDF and not in the marketing.
- Size for the profit cap. On the first three payouts you can realistically collect 5% of your bankroll per cycle and no more, so a large account buys headroom you cannot withdraw yet. A smaller account is the rational test.
- Take the first payout early and small. Reach $100 of eligible profit, request it at day 14 and see what happens before committing anything further.
- Complete verification up front. The terms allow a payout to be denied or delayed on verification grounds and may require a video call.
- Do not hedge on a funded account. The definition covers correlated cross pair exposure such as long EURUSD alongside long USDJPY, which is easy to trip without intending to.
- Keep your own records of every trade, the rulebook version in force and all correspondence. Disputes go to single arbitrator LCIA arbitration seated in London under Seychelles law, which is not a practical route for a small claim.