Ment Funding vs SurgeTrader

Ment Funding vs SurgeTrader: A Retail Trader’s Comparative Overview

Retail traders looking for proprietary firm options with large capital allocations may find themselves considering Ment Funding or SurgeTrader. Both offer attractive features, but there are distinct factors that set them apart.

Prop Firm Financial Power and Reputation

Ment Funding stands out with its impressive offering of live funded accounts with up to $2,000,000, which dwarfs many competitors in the industry. Their Trustpilot rating is a solid 4.6 out of 5, underscoring a high level of trader satisfaction and trust. SurgeTrader counters with an equally impressive up to $1,000,000 in accessible capital and a Trustpilot rating of 4.5 out of 5, revealing a close rivalry in reputation and reliability.

Evaluation and Profit Sharing

Ment Funding streamlines its evaluation process through a one-step evaluation, allowing traders to quickly access funding. Additionally, the firm does not limit trading styles nor enforce day trading restrictions. SurgeTrader also promotes a one-step evaluation and offers a wide profit share range of 75%-90%, which could be highly appealing to successful traders wanting a more significant cut of the profits.

Trading Conditions and Restrictions

Both firms demonstrate flexibility in trading approaches, authorizing the use of expert advisors (EAs), copy trading, scripts, indicators, and more. They both allow news trading, but Ment Funding prohibits weekend positions which could be a downside for swing traders. SurgeTrader seems more accommodating in this regard.

Leverage and Drawdown Rules

The leverage provided by Ment Funding may be seen as conservative, ranging from 1:2 to 1:20, possibly limiting traders who prefer more aggressive strategies. On the other hand, SurgeTrader imposes a stop-loss requirement for each trade, along with a maximum open size of 1 lot per $10,000 of account balance, which can influence risk management tactics heavily.

Funding and Payouts

Regarding transaction methods, both firms keep it simple, accepting credit/debit cards for deposits and offering bank wire transfers for withdrawals. This aligns with the industry standard and should suffice for most traders' needs.

Available Trading Instruments and Flexibility

Diversity in trading instruments is a strong suit for Ment Funding, which offers commodities, crypto, forex, indices, metals, and stocks. SurgeTrader appears limited in comparison, focusing solely on commodities as tradable instruments. This could be a significant determining factor for traders seeking variety in their trading portfolios.

Account and Currency Options

While Ment Funding provides a broad range of account sizes tailored to different levels of traders, SurgeTrader's website does not specify the array of account sizes, listing only USD and GBP as account currencies. This provides little insight into the potential maximum exposure for a SurgeTrader account.

Conclusion

Both Ment Funding and SurgeTrader provide unique offerings to retail traders seeking prop firm partnerships. The final decision will hinge on individual trading preferences, risk tolerance, and financial goals. Ment Funding's one-step evaluation, high funding capacity, and trading instrument variety make it an attractive option for the versatile trader. SurgeTrader appeals to those eyeing larger profit shares and perhaps a more straightforward account currency choice. SurgeTrader could also be more friendly to certain swing trading strategies due to the weekend position allowance. Trading rules, while present in both, should be scrutinized carefully by potential users to ensure compatibility with their trading strategies. Finally, traders are encouraged to delve deeper into the specifics of each firm's offerings as this summary provides a foundational comparison rather than exhaustive coverage.