In this article, we will provide a comprehensive one-step comparison between Finotive Funding and SurgeTrader, giving you an overview of these two proprietary trading firms and their offerings to forex traders worldwide.
Company Details
Finotive Funding
SurgeTrader
Incorporation date
April 2021
September 2021
Office Location
Budapest, Hungary
Naples, Florida
Maximum Allocation Capital
3x 200,000
$1,000,000
Finotive Funding and SurgeTrader are both reputable and trustworthy proprietary trading firms. Finotive Funding was established in April 2021, while SurgeTrader commenced its operations in September 2021. The leadership of Finotive Funding is under the guidance of CEO Oliver Newland, while SurgeTrader is led by Jana Seaman. These firms are headquartered in different locations, with Finotive Funding having its offices in Budapest, Hungary, and SurgeTrader’s headquarters located in Naples, Florida. In terms of maximum allocation capital, Finotive Funding allows traders to manage up to three 200k one-step evaluation accounts, while SurgeTrader offers funding options of up to $1,000,000. Additionally, both proprietary trading firms provide scaling plans to accommodate traders’ needs.
Funding Program Options
Finotive Funding
SurgeTrader
One-step Evaluation
Two-step Evaluation
Instant Funding
Finotive Funding and SurgeTrader indeed provide funding programs to cater to forex traders worldwide. While Finotive Funding offers a range of evaluation programs, including a one-step evaluation, two-step evaluation, and instant funding programs, SurgeTrader focuses on a one-step evaluation program. In this comparison, we will delve specifically into the one-step evaluation programs offered by both firms.
One-step Comparison:
Trading Rules/Objectives
Finotive Funding
SurgeTrader
Profit Target
10%
10%
Daily Drawdown
4%
5%
Overall Drawdown
7.5%
8% (Trailing)
$25,000Leverage
1:100 up to 1:400
1:10 up to 1:20
Minimum Trading Days
No limit
No limit
Trading Period
No limit
No limit
Profit Split
75% up to 95%
75% up to 95%
Now that we have discussed the rules and guidelines of the instant funding programs, let’s delve deeper into the pricing details.
Account Size
Finotive Funding
SurgeTrader
$2,500
$60
$5,000
$90
$10,000
$120
$25,000
$180
$250
$50,000
$360
$400
$100,000
$600
$700
$200,000
$1,140
$250,000
$1,800
$500,000
$3,500
$1,000,000
$6,500
Trading Instruments
An essential aspect to consider when evaluating proprietary trading firms is the variety of trading instruments they make available to traders. Below, you can find information on the trading instruments offered by both Finotive Funding and SurgeTrader.
Trading Instrument
Finotive Funding
SurgeTrader
Forex pairs
Commodities
Indices
Equities
Crypto
Crypto Indices
Community Feedback
Certainly, let’s proceed by examining the community feedback from Trustpilot for both Finotive Funding and SurgeTrader, which can offer valuable insights into the experiences of traders who have used these proprietary trading firms. This information can be crucial for individuals considering these firms for their trading endeavors.
Trustpilot Statistics
Finotive Funding
FTUK
Rating
4.3/5
4,6/5
Number of Reviews
280
901
Based on the Trustpilot ratings and reviews, SurgeTrader appears to be the more popular proprietary trading firm at the moment with a rating of 4.6/5 out of 901 reviews. However, it’s worth noting that Finotive Funding has also been gaining popularity and has a respectable rating of 4.3/5 out of 279 reviews. These ratings and the growth in Finotive Funding’s popularity suggest that both firms have their strengths and can be appealing options for traders. It’s essential for traders to consider their specific needs and preferences when choosing a proprietary trading firm.
Conclusion
In summary, both Finotive Funding and SurgeTrader are reputable proprietary trading firms that offer distinct features and advantages. The choice between them depends on individual preferences and requirements. Finotive Funding provides a range of evaluation and funding options, including one-step, two-step evaluations, and instant funding. SurgeTrader, on the other hand, focuses on a one-step evaluation program.
To assist traders further, here are the special discount codes for both firms:
- Finotive Funding: 5% discount code + 5% increased profit split – SHINY
- SurgeTrader: 10% active discount code – SHINY
These discount codes can provide additional incentives for traders considering either of these proprietary trading firms.
