In this detailed analysis, we juxtapose SurgeTrader and The Funded Trader, two prominent proprietary trading firms in the forex industry. We will delve into their offerings and how they stand in comparison to one another.
Company Overview
Both SurgeTrader and The Funded Trader are esteemed in the realm of proprietary trading. SurgeTrader, established in September 2021, is spearheaded by CEO Jana Seaman and operates from Naples, Florida. In contrast, The Funded Trader, which began its journey in May 2021, is led by CEO Angelo Ciaramello and is based in Liberty Hill, Texas. SurgeTrader offers a maximum allocation capital of up to 3x $200,000, while The Funded Trader extends up to $1,500,000 to its traders. These firms are not only notable for their reliable services but also for their impressive scaling plans.
Funding Program Options
Both firms cater to the global forex trading community with diverse funding programs. SurgeTrader provides a one-step and a two-step evaluation, whereas The Funded Trader offers a one-step evaluation along with three variants of a two-step evaluation.
One-Step Evaluation Comparison
- Profit Target: Both firms have a 10% target.
- Daily Drawdown: SurgeTrader allows 5%, while The Funded Trader permits 3%.
- Overall Drawdown: 8% (Trailing) for SurgeTrader and 6% (Trailing) for The Funded Trader.
- Leverage: SurgeTrader offers 1:10 to 1:20, whereas The Funded Trader provides up to 1:30.
- Minimum Trading Days: No limit for both.
- Trading Period: Unlimited for both.
- Profit Split: 75% to 90% for SurgeTrader and 80% to 90% for The Funded Trader.
Price Comparison for Account Sizes
The following table illustrates the varying account sizes and their respective prices for both firms:
- $5,000: Not available with SurgeTrader, $59 with The Funded Trader.
- $10,000: Not available with SurgeTrader, $99 with The Funded Trader.
- $25,000: $250 for SurgeTrader, $189 for The Funded Trader.
- $50,000: $400 for SurgeTrader, $289 for The Funded Trader.
- $100,000: $700 for SurgeTrader, $489 for The Funded Trader.
- $200,000: Not available with SurgeTrader, $939 with The Funded Trader.
- $250,000: $1,800 for SurgeTrader, not available with The Funded Trader.
- $500,000: $3,500 for SurgeTrader, not available with The Funded Trader.
- $1,000,000: $6,500 for SurgeTrader, not available with The Funded Trader.
Brokers & Trading Platforms
When considering brokers and trading platforms, SurgeTrader partners with ThinkMarkets, while The Funded Trader collaborates with Eightcap, Purple Trading Seychelles, and Think Markets. Both firms utilize the MetaTrader 4 and MetaTrader 5 platforms.
Trading Instruments
Trading instruments are a crucial aspect of comparison. Both SurgeTrader and The Funded Trader offer a range of instruments including Forex pairs, commodities, indices, and cryptocurrencies. However, SurgeTrader additionally provides options for equities and crypto indices, which are not available with The Funded Trader.
Community Feedback
Trustpilot ratings are a testament to customer satisfaction. SurgeTrader boasts a 4.7/5 rating from 886 reviews, while The Funded Trader has a 4.5/5 rating from a staggering 13,361 reviews, indicating its higher popularity.
Conclusion
In summary, SurgeTrader and The Funded Trader present themselves as two excellent choices for proprietary traders. They differ in aspects such as trading rules, objectives, pricing, and community feedback. Additionally, the diversity in their funding program