Welcome to our comparison between SurgeTrader and FundedNext, 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 | FundedNext |
|---|---|---|
| Incorporation date | September 2021 | March 2022 |
| CEO | Jana Seaman | Abdullah Jayed |
| Office Location | Naples, Florida | United Arab Emirates & Bangladesh |
| Scaling Plan | ✅ (One-phase Audition) ❌ (Lightning Audition) | ✅ |
SurgeTrader and FundedNext 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. FundedNext, on the other hand, was incorporated in March 2022 while being managed by its CEO, Abdullah Jayed. Additionally, their offices are located in the United Arab Emirates and Bangladesh.
Funding Program Options
| Funding Program Options | SurgeTrader | FundedNext |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
SurgeTrader provides their traders with an opportunity to choose between three funding programs to acquire funding, two two-step evaluations and a one-step evaluation. FundedNext, on the other hand, also allows its traders to choose between six funding programs to acquire funding, three two-step evaluations and three one-step evaluations.
One-step Comparison
| Trading Rules/Objectives | One-phase Audition | Lightning Audition | One-step Stellar | Express – Consistency | Express – Non-Consistency |
|---|---|---|---|---|---|
| Profit Target | 10% | 5% | 10% | 25% | 25% |
| Daily Drawdown | 5% | 3% | 3% | 5% | 5% |
| Overall Drawdown | 8% (Trailing) | 4% (Trailing) | 6% | 10% | 10% |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days | 2 Calendar Days | 10 Calendar Days | 10 Calendar Days |
| Trading Period | Unlimited | 7 Calendar Days | Unlimited | Unlimited | Unlimited |
| Leverage | 1:10 (1:20 with Add-on) | 1:10 (1:20 with Add-on) | 1:100 | 1:100 | 1:100 |
| Profit Split | 75% (90% with Add-on) | 75% (90% with Add-on) | 80% up to 95% | 60% up to 95% | 60% up to 95% |
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 | One-step Stellar | Express – Consistency | Express – Non-Consistency |
|---|---|---|---|---|---|
| $6,000 | ❌ | ❌ | $59 | $49 | $59 |
| $10,000 | ❌ | $50 | ❌ | ❌ | ❌ |
| $15,000 | ❌ | ❌ | $119 | $99 | $119 |
| $25,000 | $250 | $100 | $199 | $199 | $229 |
| $50,000 | $400 | $180 | $299 | $299 | $379 |
| $100,000 | $700 | $300 | $519 | $549 | $699 |
| $200,000 | ❌ | ❌ | $999 | $999 | ❌ |
| $250,000 | $1,800 | ❌ | ❌ | ❌ | ❌ |
| $500,000 | $3,500 | ❌ | ❌ | ❌ | ❌ |
| $1,000,000 | $6,500 | ❌ | ❌ | ❌ | ❌ |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with SurgeTrader and FundedNext, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| SurgeTrader | FundedNext | |
|---|---|---|
| Broker | ThinkMarkets | FundedNext Server |
| Trading Platform | DXtrade | MetaTrader 4, MetaTrader 5 |
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 FundedNext.
| Trading Instrument | SurgeTrader | FundedNext |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks | ✅ | ❌ |
| Cryptocurrencies | ✅ | ✅ |
Community Feedback
The last topic we will cover is community feedback from SurgeTrader and FundedNext. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | SurgeTrader | FundedNext |
|---|---|---|
| Rating | 4.5./5 | 4.6/5 |
| Number of Reviews | 1,202 | 13,475 |
| 5-Star Ratings | 85% | 85% |
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. FundedNext, on the other hand, has an excellent rating of 4.6/5. However, this is out of a total of 13,475 reviews, where 85% of them are rated as 5 stars.
Conclusion
In conclusion, SurgeTrader and FundedNext 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 two two-step evaluations and a one-step evaluation, while FundedNext has three two-step evaluations and three one-step evaluations.
This concludes our comparison between SurgeTrader and FundedNext. 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
FundedNext 5% active discount code: FOREXPROPREVIEWS
Our comparison between SurgeTrader and FundedNext was last updated on 16.04.2024 at 16:04 (CE(S)T).
