Welcome to our comparison between SurgeTrader and Axe Trader, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the one-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | SurgeTrader | Axe Trader |
|---|---|---|
| Incorporation date | September 2021 | December 2023 |
| CEO | Jana Seaman | Rick Knight |
| Office Location | Naples, Florida | London, UK |
| Scaling Plan |  (One-phase Audition) (Lightning Audition) |
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SurgeTrader and Axe Trader are two reputable and trustworthy proprietary trading firms. SurgeTrader was incorporated in September 2021 while being managed by their CEO, Jana Seaman. They have their offices located in Naples, Florida. Axe Trader, on the other hand, was incorporated in December 2023 while being managed by its CEO, Rick Knight. Additionally, their offices are located in London, UK.
Funding Program Options
| Funding Program Options | SurgeTrader | Axe Trader |
|---|---|---|
| One-step Evaluation | |
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| Two-step Evaluation | |
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| Instant Funding | |
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SurgeTrader provides their traders with an opportunity to choose between four funding programs to acquire funding, a two-step evaluation and two one-step evaluations. Axe Trader, on the other hand, allows its traders to choose between three funding programs to acquire funding, a two-step evaluation, a one-step evaluation, and an instant funding program.
One-step Comparison
| Trading Rules/Objectives | One-Phase Audition | Lightning Audition | Axe Trader |
|---|---|---|---|
| Profit Target | 10% | 5% | 10% |
| Maximum Daily Loss | 5% | 3% | 4% |
| Maximum Loss | 8% (Trailing) | 4% (Trailing) | 6% |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Unlimited | 7 Calendar Days | Unlimited |
| Leverage | 1:10 (1:20 with Add-on) | 1:10 (1:20 with Add-on) | 1:20 |
| Profit Split | 75% (90% with Add-on) | 75% (90% with Add-on) | 80% up to 100% |
After covering the trading objectives of each company’s one-step evaluations, let’s take a look at the account sizes and costs of these one-step evaluations.
| Account Size | One-Phase Audition | Lightning Audition | Axe Trader |
|---|---|---|---|
| $5,000 | |
|
$198 (Single Axe $148) |
| $10,000 | |
$50 | $298 (Single Axe $178) |
| $25,000 | $250 | $100 | $398 (Single Axe $298) |
| $50,000 | $400 | $180 | $498 (Single Axe $398) |
| $100,000 | $700 | $300 | $798 (Single Axe $598) |
| $150,000 | |
|
$1,398 (Single Axe $998) |
| $250,000 | $1,800 | |
$1,998 (Single Axe $1,598) |
| $500,000 | $3,500 | |
|
| $1,000,000 | $6,500 | |
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Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with SurgeTrader and Axe Trader, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| SurgeTrader | Axe Trader | |
|---|---|---|
| Broker | ThinkMarkets | ThinkMarkets |
| Trading Platform | DXtrade | DXtrade, cTrader, Match-Trader |
Trading Instruments
Another important aspect to compare between proprietary trading firms is trading instruments. In the spreadsheet below, you will be able to learn which trading instrument types can be traded with SurgeTrader and which with Axe Trader.
| Trading Instruments | SurgeTrader | Axe Trader |
|---|---|---|
| Forex Pairs | |
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| Commodities | |
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| Indices | |
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| Stocks | |
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| Cryptocurrencies | |
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Community Feedback
The last topic we will cover is community feedback from SurgeTrader and Axe Trader. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | SurgeTrader | Axe Trader |
|---|---|---|
| Rating | 4.5/5 | 4.4/5 |
| Number of Reviews | 1,202 | 29 |
| 5-Star Ratings | 85% | 76% |
SurgeTrader has an excellent rating of 4.5/5. This is out of a total of 1,202 reviews, where 85% of them are rated as 5 stars. Axe Trader, on the other hand, also has an excellent rating of 4.4/5. However, this is out of a total of 29 reviews, where 76% of them are rated as 5 stars.
Conclusion
In conclusion, SurgeTrader and Axe Trader are two incredible choices within the proprietary trading firm industry. We can clearly see there are numerous differences within the compared proprietary trading firms, such as trading objectives, account sizes, costs, and community feedback. In addition, there is also a major difference within the funding programs that each of the companies are offering. SurgeTrader has a two-step evaluation and two one-step evaluations, while Axe Trader has a two-step evaluation, a one-step evaluation, and an instant funding program.
This concludes our comparison between SurgeTrader and Axe Trader. If either of the compared proprietary trading firms sparked an interest, we have prepared a unique discount code, which you can apply while purchasing an evaluation to make it even more affordable!
SurgeTrader 10% active discount code: FPREVIEWS10OFF
Axe Trader 10% active discount code: FOREXPROPREVIEWS
Our comparison between SurgeTrader and Axe Trader was last updated on 17.05.2024 at 10:01 (CE(S)T).
