In this article, we will provide a comprehensive one-step comparison between SurgeTrader and FundedNext, offering insights into the features and services these two proprietary trading firms provide to forex traders worldwide.
Company Details
Finotive Funding
Funded Trading Plus
Incorporation date
September 2021
March 2022
Office Location
Naples, Florida
UAE, USA, UK, Bangladesh
Maximum Allocation Capital
$1,000,000
$300,000
SurgeTrader and FundedNext are indeed reliable and trustworthy proprietary trading firms. SurgeTrader was established in September 2021, while FundedNext commenced operations in March 2022. In terms of leadership, Jana Seaman serves as the CEO of SurgeTrader, and Abdullah Jayed leads FundedNext. SurgeTrader has its offices located in Naples, Florida, while FundedNext operates from headquarters in multiple locations, including the UAE, USA, UK, and Bangladesh. Regarding maximum allocation capital, traders can manage evaluation accounts with SurgeTrader valued at up to $1,000,000, whereas with FundedNext, traders can access funding of up to $300,000. Additionally, both proprietary trading firms offer scaling plans to cater to traders’ requirements.
Funding Program Options
SurgeTrader
FundedNext
One-step Evaluation
Two-step Evaluation
SurgeTrader and FundedNext provide funding programs designed for forex traders on a global scale. SurgeTrader offers a one-step evaluation funding program, while FundedNext offers a range of evaluation options, including two one-step evaluations and two two-step evaluations. In this comparison, we will focus on the one-step evaluation programs offered by both firms.
One-step Comparison:
Now that we have discussed the rules and guidelines of the instant funding programs, let’s delve deeper into the pricing details.
Trading Instruments
Another crucial aspect to consider when comparing proprietary trading firms is the range of trading instruments they offer. Below, we outline the trading instruments available for trading with both SurgeTrader and FundedNext.
Trading Instrument
SurgeTrader
FundedNext
Forex pairs
Commodities
Indices
Equities
Crypto
Crypto Indices
Community Feedback
Community feedback plays a significant role in assessing the reputation and reliability of proprietary trading firms. In this comparison, we will examine feedback from Trustpilot to gauge the experiences and opinions of users regarding both SurgeTrader and FundedNext.
Trustpilot Statistics
SurgeTrader
FundedNext
Rating
4.6/5
4,7/5
Number of Reviews
899
7.059
SurgeTrader currently holds a respectable rating of 4.6/5 from a total of 899 reviews, while FundedNext boasts a high rating of 4.7/5 based on a substantial 7,056 reviews. These statistics indicate that, at present, FundedNext is the more popular proprietary trading firm, with a slightly higher overall rating and a significantly larger number of reviews. This suggests that FundedNext has garnered a broader user base and strong positive feedback from traders.
Conclusion
In conclusion, both SurgeTrader and FundedNext are strong options for proprietary trading firms, each with its unique set of trading rules, pricing structures, and community feedback. Notably, they differ in terms of funding program options, with SurgeTrader offering a one-step evaluation, and FundedNext providing both one-step and two-step evaluation options.
As a bonus, we are pleased to provide you with special discount codes for each of these compared proprietary trading firms:
- SurgeTrader: Enjoy a 10% active discount using the code “SHINY.”
- FundedNext: Benefit from a 5% active discount with the code “SHINY10.”
These discounts can be valuable for traders considering either of these platforms.
