Introduction:
In today’s blog post, we will compare two prominent funded trading programs: SurgeTrader and FundedNext. As traders who have experienced both firms, we at WhichFunded aim to provide you with an unbiased analysis of their key features, funding models, profit-sharing options, and overall trading conditions. Let’s dive in and explore the similarities and differences between these two renowned prop trading firms.
| Prop Firm Details | Funded Next | SurgeTrader |
| Year Founded | 2022 | 2021 |
| Maximum Balance | $4,000,000 | $1,000,000 |
| Tradeable Assets | Equity Futures Forex Energy Metals Interest Rate Futures |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | One-Step Evaluation Two Step Evaluation |
One-Step Evaluation |
| Trading Platforms | MT4 | MT4 MT5 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight |
| Copy Trading | ✅ | ✅ |
| News Trading | ❌ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.2 / 5.0 |
| Trust Pilot Reviews | 3,923 | 266 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Paypal Crypto Credit Card |
| One Step Rules | FundedNext | SurgeTrader |
| Profit Target | 25% | 10% |
| Max Daily Loss | 5% | 4% |
| Max Daily Drawdown | ❌ | ❌ |
| Max Loss | 10% | ❌ |
| Max Drawdown | ❌ | 5% |
| Minimum Trading Days | 10 | ❌ |
| Maximum Trading Days | ❌ | ❌ |
| Profit Split | 60%, up to 90% | 75%, up to 90% |
Funding Models:
SurgeTrader offers traders two audition types: the 1 Phase and 2 Phase auditions. The 1 Phase audition involves achieving a 10% profit target, while the 2 Phase audition requires traders to meet an 8% profit target in Phase 1 and a 5% profit target in Phase 2. On the other hand, FundedNext provides three funding models: the Evaluation Model, Express Model, and Stellar Challenge. Each model offers unique features tailored to different trading styles and goals.
Profit Sharing:
Both SurgeTrader and FundedNext offer attractive profit-sharing options. SurgeTrader provides a standard profit share of 75%, which can be increased to an impressive 90% with an add-on purchase. FundedNext, on the other hand, stands out by offering a generous profit sharing of up to 15% from the profit traders make during the challenge phases. This motivates top traders and demonstrates FundedNext’s commitment to rewarding their success.
Trading Conditions:
When it comes to trading conditions, SurgeTrader and FundedNext have their own strengths. SurgeTrader emphasizes responsible trading by implementing daily loss limits, ensuring effective risk management. Traders are also provided with leverage options of up to 20:1 or 50:1, depending on their account tier. FundedNext, on the other hand, removes time limits in its funding challenges, allowing traders to trade with peace of mind. They also calculate the maximum daily drawdown based on traders’ balance, ensuring a reliable trading environment.
Account Tiers:
SurgeTrader offers multiple account tiers ranging from Starter ($25,000) to Master ($1,000,000), catering to traders at different skill levels and trading ambitions. FundedNext, however, does not explicitly mention account tiers on their website. Instead, they focus on the different funding models and profit-sharing options available to traders.
Conclusion:
Both SurgeTrader and FundedNext provide compelling opportunities for traders to showcase their skills and earn substantial profits. SurgeTrader’s funded trading program offers profit targets, risk management measures, leverage options, and the new feature of holding trades through the weekend. FundedNext, on the other hand, offers diverse funding models, attractive profit-sharing options, and the promise of delivering the best trading conditions.
As traders ourselves, we have experienced the benefits of both SurgeTrader and FundedNext. Ultimately, the choice between these two funded trading programs depends on your individual trading style, goals, and preferences. We encourage you to thoroughly research and consider the features and offerings of each program before making a decision that aligns with your trading aspirations.
Remember, trading involves risks, and it is crucial to carefully evaluate and understand the terms and conditions of any funded trading program you choose to participate in. We wish you success in your trading journey, whichever path you decide to take.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be considered as financial or investment advice. Trading in the financial markets carries inherent risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional guidance before making any investment decisions.
