This review compares True Forex Funds and SurgeTrader, two prominent prop trading firms, to highlight how their programs cater to various trading strategies and objectives. The aim is to provide a clear understanding of the differences and similarities between these two firms.
Comparing Trading Objectives
Analyzing the trading objectives of True Forex Funds and SurgeTrader offers insights into what traders can expect from each firm.
Profit Targets and Loss Limits
- Both firms set Phase 1 and Phase 2 profit targets at 8% and 5%, respectively.
- Maximum Daily Loss is capped at 5% for both.
- Total Maximum Loss: True Forex Funds at 10%, and SurgeTrader at 8%.
Minimum and Maximum Trading Periods
- True Forex Funds requires a minimum of 5 calendar days, whereas SurgeTrader imposes no such requirement.
- Unlimited trading periods are offered for both phases by both firms.
Profit Split
- Both start with an 80% profit split, with SurgeTrader offering the potential to increase up to 90%.
True Forex Funds’ Unique Offerings
True Forex Funds distinguishes itself with versatile evaluation programs:
- Their one-phase evaluation program features a 10% profit target, 3% maximum daily loss, and 6% maximum loss within a 30-day period.
- A 5-day minimum trading requirement and a scaling plan align with industry standards, yet offer unique flexibility.
- Traders enjoy the freedom to trade during news, hold trades overnight, and over weekends.
- Low profit targets and the option of no minimum trading days or unlimited trading period cater to diverse trading strategies.
For an in-depth exploration and comparison of True Forex Funds and SurgeTrader, including detailed reviews, visit bestmanagedforexaccounts.com.
