In this article, we will be making a general and one-step comparison between SurgeTrader and Funded Trading Plus.
SurgeTrader & Funded Trading Plus One-step Comparison
In this article, we will be making a general and one-step comparison between SurgeTrader and Funded Trading Plus. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | SurgeTrader | Funded Trading Plus |
|---|---|---|
| Incorporation date | September 2021 | November 2021 |
| CEO | Jana Seaman | Simon Massey |
| Office Location | Naples, Florida | London, UK |
| Maximum Allocation Capital | $1,000,000 | $2,500,000 |
SurgeTrader and Funded Trading Plus are both reliable and trustworthy proprietary trading firms. SurgeTrader was incorporated in September 2021, while Funded Trading Plus started operating in November 2021. When it comes to CEOs, Jana Seaman is the CEO of SurgeTrader, while Funded Trading Plus is being run by Simon Massey. SurgeTrader has offices located in Naples, Florida, while Funded Trading Plus has its headquarters in London, UK. And lastly, when it comes to the maximum allocation capital, traders can obtain funding up to $1,000,000 with SurgeTrader, while with Funded Trading Plus, traders can manage up to $200,000 in one-step evaluation accounts. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | SurgeTrader | Funded Trading Plus |
|---|---|---|
| One-phase Evaluation | ✅ | ✅ |
| Two-phase Evaluation | ❌ | ✅ |
| Instant Funding | ❌ | ✅ |
SurgeTrader and Funded Trading Plus both offer funding programs to forex traders worldwide. SurgeTrader offers a one-step evaluation. Funded Trading Plus, on the other hand, offers a one-step evaluation, two two-step evaluations, and instant funding.
That being said, let’s take a look at the comparison of the one-step evaluation programs.
One-step Comparison:
| Trading Rules/Objectives | SurgeTrader | Funded Trading Plus |
|---|---|---|
| Profit Target | 10% | 10% |
| Daily Drawdown | 5% | 3% |
| Overall Drawdown | 8% (Trailing) | 6% (Trailing) |
| Leverage | 1:10 up to 1:20 | 1:30 |
| Minimum Trading Days | No limit | No limit |
| Trading Period | No limit | No limit |
| Profit Split | 75% up to 90% | 80% up to 90% |
Now that we have covered all the rules and guidelines of the one-step evaluation. Let’s take a closer look at prices.
| Account Size | SurgeTrader | Funded Trading Plus |
|---|---|---|
| $12,500 | ❌ | $119 |
| $25,000 | $250 | $199 |
| $50,000 | $400 | $349 |
| $100,000 | $700 | $499 |
| $200,000 | ❌ | $999 |
| $250,000 | $1,800 | ❌ |
| $500,000 | $3,500 | ❌ |
| $1,000,000 | $6,500 | ❌ |
Brokers & Trading Platforms
After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.
| SurgeTrader | Funded Trading Plus | |
|---|---|---|
| Broker | ThinkMarkets | Eightcap |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Trading Instruments
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with SurgeTrader and Funded Trading Plus.
| Trading Instrument | SurgeTrader | Funded Trading Plus |
|---|---|---|
| Forex pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Equities | ✅ | ❌ |
| Crypto | ✅ | ✅ |
| Crypto Indices | ✅ | ❌ |
Community Feedback
The last topic we will go through is community feedback from SurgeTrader and Funded Trading Plus. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | SurgeTrader | Funded Trading Plus |
|---|---|---|
| Rating | 4.6/5 | 4.9/5 |
| Number of Reviews | 558 | 1,482 |
SurgeTrader has a rating of 4.6/5 out of a total of 558 reviews, while Funded Trading Plus has a rating of 4.9/5 out of 1,482 reviews. Based on the statistics, we can clearly see that Funded Trading Plus is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, SurgeTrader and Funded Trading Plus are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since SurgeTrader offers a one-step evaluation. On the other hand, Funded Trading Plus offers a one-step evaluation, two two-step evaluations, and instant funding.
We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!
SurgeTrader 10% active discount code: FPREVIEWS10OFF
Funded Trading Plus 10% active discount code: FOREXPROPREVIEWS
This comparison was lastly updated on 12.06.2023 at 13:03 (CE(S)T).
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