- $1,000,000 capital with Trustpilot rating of 4.5/5
- Real accounts; $1,000,000 challenge account
- 75%-90% profit share with available add-ons
- Overnight, weekend, and news trading permitted
- No minimal trading days; one-step evaluation.
TradingFunds
- Impressive Trustpilot rating of 4.3/5.
- Single-step evaluation with 1:10 to 1:100 leverage.
- Profit sharing of 80% to 90%.
- Flexible trading: overnight, weekends, and during news events.
- Unrestricted trading strategy.
Cons ❌
SurgeTrader
- Stop-loss required for each trade
- Maximum open size 1 lot / $10,000 of the account balance
- Trailing drawdown
TradingFunds
- Elevated evaluation account fees
- Trailing Drawdown
- Starting leverage at a low of 1:10
- 2% Maximum stop-loss for each instrument
Rules 📋
SurgeTrader
Lot Size Limit, Maximum Daily Loss, Maximum Trailing Drawdown, Profit Target, Stop Loss Required
TradingFunds
Maximum Trailing Drawdown, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
SurgeTrader stakes a claim at the forefront of the proprietary trading industry by presenting a robust capital allocation of up to $1,000,000 to adept traders, underscored by a quite favorable Trustpilot rating of 4.5/5. It upends the traditional multi-step evaluation process by adopting a streamlined one-step model, which resonates well with traders eager to expedite their ascendancy. With profit shares stretching from 75% to a commendable 90%, SurgeTrader exemplifies an enticing value proposition. The liberty to trade through overnights, weekends, and even amidst high-impact news events is another testament to their flexible trading environment. Its policy of no minimal trading days further sweetens the pot for traders who covet flexibility and swift progression.
Assessment of TradingFunds (Firm 2)
Emulating SurgeTrader, TradingFunds also boasts a laudable Trustpilot rating of 4.3/5. Their program offers single-step evaluation akin to SurgeTrader, albeit with a unique range of leverage options from a conservative 1:10 to an aggressive 1:100. TradingFunds champions a comparable profit sharing scheme, promising between 80%-90% of trading profits to its partners. The firm's philosophy of unrestricted trading tactics aligns with the modern trader's demand for strategic freedom. What's more, an eclectic selection of deposit methods including cryptocurrency and PayPal broadens access, potentially outpacing the competition in the area of financial inclusivity.
Comparative Analysis of Trading Conditions
Despite similarities in their core mission, SurgeTrader and TradingFunds diverge when it comes to trading particulars. SurgeTrader imposes a stipulation for stop-losses on each trade—a double-edged sword ensuring risk mitigation at the possible expense of strategy inflexibility. TradingFunds, on the contrary, does not specify such constraints on individual trades but introduces a 2% stop-loss rule on every instrument, which might still sway risk-averse traders.
Similarly, the maximum open size of 1 lot per $10,000 of the account balance with SurgeTrader can be constraining for traders looking to scale positions dynamically. Here, TradingFunds does not explicitly restrain lot sizes, potentially offering additional strategy scalability.
Both firms employ a trailing drawdown mechanism, maintaining a common ground on risk management but presenting a continuous challenge for traders who must balance aggressive growth with prudent risk.
Financial Transactions
Financial transaction processes are fundamental to user experience. SurgeTrader trails slightly on this front, offering straightforward credit/debit card options for deposits and only bank wire transfers for withdrawals. In contrast, TradingFunds' integration of cryptocurrency, Deel, and PayPal for both deposits and withdrawals signals a forward-thinking approach that aligns better with the diverse preferences among today’s international trading community.
Product Offerings
TradingFunds strides ahead with a broader range of tradable instruments, including not just commodities but also crypto, forex, indices, and metals. This diversity ensures that traders with a preference for specific markets or those seeking portfolio diversification will find a more accommodating platform with TradingFunds.
Account Features and Support
Both firms provide account functionalities in USD, but SurgeTrader additionally supports GBP, slightly expanding the offerings for traders with a preference for the pound sterling. The recent incorporation of TradingFunds in February 2023 may highlight a newer, potentially less experienced player in the field as compared to the established presence of SurgeTrader, whose incorporation date remains unspecified.
Conclusion
Retail traders and prospective users stand before two promising prop firms, each with its distinctive flavor of opportunity. SurgeTrader may appeal to traders seeking a high capital ceiling affair with a simple evaluation process, while TradingFunds could be construed as the more versatile choice, notwithstanding its relatively short history. The decision lies in the alignment of a trader's personal strategy, risk appetite, and the nuances of the trading terms set forth by each firm. Both hold the potential to forge lucrative pathways for astute traders but scrutinizing the inherent constraints and facilities is indispensable for fitting one's trading ethos into the right firm's framework.
