This article aims to provide a thorough comparison between Finotive Funding and SurgeTrader, two well-regarded proprietary trading firms, focusing on what they offer to the global forex trading community.
Company Profiles
Finotive Funding and SurgeTrader are both esteemed for their reliability and trustworthiness in the proprietary trading sector. Finotive Funding, established in April 2021 by CEO Oliver Newland, is based in Budapest, Hungary. SurgeTrader, led by Jana Seaman since September 2021, operates out of Naples, Florida. Finotive Funding allows traders to manage 3x 200k one-step evaluation accounts, whereas SurgeTrader offers up to $1,000,000 in funding. Both firms have implemented scaling plans to support trader growth.
Funding Program Options
Both Finotive Funding and SurgeTrader present diverse funding programs to the forex trading community. Finotive Funding provides one-step and two-step evaluations, along with instant funding, while SurgeTrader offers a one-step evaluation and a two-step evaluation.
One-Step Evaluation: A Detailed Comparison
- Profit Target: 10% for both firms.
- Daily Drawdown: 4% for Finotive Funding, compared to 5% for SurgeTrader.
- Overall Drawdown: 7.5% for Finotive Funding and 8% (Trailing) for SurgeTrader.
- Leverage: Finotive Funding provides 1:100 to 1:400, while SurgeTrader offers 1:10 to 1:20.
- Minimum Trading Days: No limit for both firms.
- Trading Period: Unlimited for both firms.
- Profit Split: 75% to 95% for Finotive Funding, and 75% to 90% for SurgeTrader.
Account Size Pricing Comparison
The following outlines the pricing for various account sizes offered by each firm:
- $2,500: $60 with Finotive Funding; not available with SurgeTrader.
- $5,000: $90 with Finotive Funding; not available with SurgeTrader.
- $10,000: $120 with Finotive Funding; not available with SurgeTrader.
- $25,000: $180 for Finotive Funding; $250 for SurgeTrader.
- $50,000: $360 for Finotive Funding; $400 for SurgeTrader.
- $100,000: $600 for Finotive Funding; $700 for SurgeTrader.
- $200,000: $1,140 with Finotive Funding; not available with SurgeTrader.
- $250,000: Not available with Finotive Funding; $1,800 with SurgeTrader.
- $500,000: Not available with Finotive Funding; $3,500 with SurgeTrader.
- $1,000,000: Not available with Finotive Funding; $6,500 with SurgeTrader.
Brokers & Trading Platforms
Finotive Funding is associated with Finotive Markets, while SurgeTrader partners with ThinkMarkets. Both utilize MetaTrader 5, with SurgeTrader additionally offering MetaTrader 4.
Trading Instruments
When it comes to trading instruments, both Finotive Funding and SurgeTrader offer Forex pairs, commodities, and indices. However, SurgeTrader additionally provides options for equities and crypto indices, expanding its trading spectrum.
Community Feedback and Reputation
Community feedback is an essential gauge of a firm’s reputation. Trustpilot ratings show Finotive Funding with a 4.3/5 rating from 279 reviews, while SurgeTrader has a higher 4.7/5 rating from 886 reviews, suggesting greater market popularity for SurgeTrader. Despite this, recent updates indicate a growing popularity for Finotive Funding as well.
Conclusion
In conclusion, Finotive Funding and SurgeTrader represent two outstanding options for traders in the proprietary trading field. They offer clear differences in trading rules, objectives, pricing, and community feedback, with varied funding program options that cater to different trader needs and preferences.
