In this article, we will conduct a comprehensive comparison, focusing on the one-step evaluation programs, between SurgeTrader and The Funded Trader. Our aim is to provide insights into these two proprietary trading firms, their offerings, and their suitability for forex traders around the world.
Company Details
SurgeTrader
The Funded Trader
Incorporation date
September 2021
May 2021
Office Location
Naples, Florida
Liberty Hill, Texas
Maximum Allocation Capital
$1,000,000
$1,500,000
SurgeTrader and The Funded Trader are two reputable and dependable proprietary trading firms. SurgeTrader was established in September 2021, whereas The Funded Trader began its operations in May 2021. The leadership of these firms is as follows: Jana Seaman is the CEO of SurgeTrader, while Angelo Ciaramello is at the helm of The Funded Trader. SurgeTrader is headquartered in Naples, Florida, while The Funded Trader’s headquarters is in Liberty Hill, Texas. In terms of maximum allocation capital, SurgeTrader offers funding of up to $1,000,000, while The Funded Trader allows traders to manage up to $600,000 in one-step evaluation accounts. It’s worth noting that both firms offer scaling plans to accommodate traders’ needs and growth.
Funding Program Options
SurgeTrader
The Funded Trader
One-step Evaluation
✅
✅
Two-step Evaluation
❌
✅
SurgeTrader and The Funded Trader provide funding programs for forex traders on a global scale. SurgeTrader offers a one-step evaluation program. In contrast, The Funded Trader provides traders with a one-step evaluation as well as the option of three two-step evaluations.
Now, let’s delve into a comparison of these 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 discussed the rules and guidelines of the instant funding programs, let’s delve deeper into the pricing details.
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
❌
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 The Funded Trader
Trading Instrument
SurgeTrader
The Funded Trader
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 The Funded Trader
Trustpilot Statistics
SurgeTrader
The Funded Trader
Rating
4.6/5
4,5/5
Number of Reviews
899
13,664
SurgeTrader boasts a rating of 4.6/5 based on 899 reviews, whereas The Funded Trader has a rating of 4.5/5 from 13,804 reviews. These statistics clearly indicate that The Funded Trader currently holds a higher level of popularity among proprietary trading firms.
Conclusion
In conclusion, SurgeTrader and The Funded Trader both offer valuable options for proprietary trading, each with its own set of strengths and areas of focus. There are differences in their trading rules, pricing structures, and community feedback. SurgeTrader primarily provides a one-step evaluation, while The Funded Trader offers a one-step evaluation along with the flexibility of three two-step evaluations.
For those interested in either of these firms, we have provided discount codes for your benefit:
- SurgeTrader: Use the code “SHINY” for a 10% active discount.
- The Funded Trader: Enjoy a 10% discount with the code “PW.”
Choose the one that aligns best with your trading preferences and goals.
