In this article, we will be making a general and one-step comparison between SurgeTrader and The Funded Trader.
SurgeTrader & The Funded Trader One-step Comparison
In this article, we will be making a general and one-step comparison between SurgeTrader and The Funded Trader. 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 | The Funded Trader |
|---|---|---|
| Incorporation date | September 2021 | May 2021 |
| CEO | Jana Seaman | Angelo Ciaramello |
| Office Location | Naples, Florida | Liberty Hill, Texas |
| Maximum Allocation Capital | 3x 200,000 | $1,500,000 |
SurgeTrader and The Funded Trader are both reliable and trustworthy proprietary trading firms. SurgeTrader was incorporated in September 2021, while The Funded Trader started operating in May 2021. When it comes to CEOs, Jana Seaman is the CEO of SurgeTrader, while The Funded Trader is being run by Angelo Ciaramello. SurgeTrader has offices located in Naples, Florida, while The Funded Trader has its headquarters in Liberty Hill, Texas. And lastly, when it comes to the maximum allocation capital, traders can obtain funding up to $1,000,000 with SurgeTrader, while with The Funded Trader, traders can manage up to $600,000 in one-step evaluation accounts. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | SurgeTrader | The Funded Trader |
|---|---|---|
| One-phase Evaluation | ✅ | ✅ |
| Two-phase Evaluation | ❌ | ✅ |
SurgeTrader and The Funded Trader both offer funding programs to forex traders worldwide. SurgeTrader offers a one-step evaluation. The Funded Trader, on the other hand, offers a one-step evaluation and three two-step evaluations.
That being said, let’s take a look at the comparison of the one-step evaluation programs.
One-step Comparison:
| Trading Rules/Objectives | SurgeTrader | The Funded Trader |
|---|---|---|
| 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 | The Funded Trader |
|---|---|---|
| $25,000 | $250 | $189 |
| $50,000 | $400 | $289 |
| $100,000 | $700 | $489 |
| $200,000 | ❌ | $939 |
| $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 | The Funded Trader | |
|---|---|---|
| Broker | ThinkMarkets | Eightcap, Purple Trading Seychelles, Think Markets |
| 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 The Funded Trader.
| Trading Instrument | SurgeTrader | The Funded Trader |
|---|---|---|
| Forex pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Equities | ✅ | ❌ |
| Crypto | ✅ | ✅ |
| Crypto Indices | ✅ | ❌ |
Community Feedback
The last topic we will go through is community feedback from SurgeTrader and The Funded Trader. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | SurgeTrader | The Funded Trader |
|---|---|---|
| Rating | 4.6/5 | 4.6/5 |
| Number of Reviews | 558 | 7,339 |
SurgeTrader has a rating of 4.6/5 out of a total of 558 reviews, while The Funded Trader has a rating of 4.6/5 out of 7,339 reviews. Based on the statistics, we can clearly see that The Funded Trader is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, SurgeTrader and The Funded Trader 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, The Funded Trader offers a one-step evaluation and three two-step evaluations.
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
The Funded Trader 10% discount code: forexpropreviews
This comparison was lastly updated on 12.06.2023 at 12:58 (CE(S)T).
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