Introduction:
As traders who have experienced both the SurgeTrader Funded Trading Program and the FTMO Prop Trading Firm, we at WhichFunded understand the significance of choosing the right platform to amplify your trading journey. In this blog post, we will conduct a detailed comparison of these two renowned firms to help you make an informed decision.
| Prop Firm Details | FTMO | SurgeTrader |
| Year Founded | 2014 | 2021 |
| Maximum Balance | $2,000,000 | $1,000,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | Two Step Evaluation | One-Step Evaluation |
| Trading Platforms | MT4 MT5 cTrader |
MT4 MT5 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight |
| Copy Trading | ✅ | ✅ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.9 / 5.0 | 4.2 / 5.0 |
| Trust Pilot Reviews | 4,408 | 266 |
| Payment Types | Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
Wire Transfer Paypal Crypto Credit Card |
Evaluation Process:
SurgeTrader offers two audition types: the 1 Phase and the 2 Phase audition. The 1 Phase audition involves achieving a 10% profit target, while the 2 Phase audition requires meeting an 8% profit target in Phase 1 and a 5% profit target in Phase 2. On the other hand, FTMO follows a rigorous 2-step Evaluation Course comprising the FTMO Challenge and Verification stages. Both firms aim to identify and recruit talented traders.
Trading Objectives:
SurgeTrader provides clear profit targets for traders to achieve, offering a roadmap for progress. The SurgeTrader Funded Trading Program sets profit targets of 10% and 8% in Phase 1, and 5% in Phase 2. FTMO, on the other hand, emphasizes risk management and requires traders to meet specific Trading Objectives to demonstrate their risk management capabilities.
Profit Sharing and Payout System:
SurgeTrader offers a profit-sharing model, starting at 75% and potentially increasing to an impressive 90% with an add-on purchase. FTMO provides a payout system with a default profit split ratio of 80:20. However, traders who meet the conditions of the Scaling Plan can enjoy a payout ratio of 90:10, along with a 25% increase in their account balance every 4 months.
Account Tiers and Balance:
SurgeTrader offers multiple account tiers ranging from Starter ($25,000) to Master ($1,000,000), with varying audition fees corresponding to each tier. FTMO, on the other hand, allows traders to manage an FTMO Account with a balance of up to $400,000 upon successful completion of their evaluation course.
Risk Management and Leverage:
SurgeTrader emphasizes responsible trading by implementing daily loss limits. Traders are provided with a daily loss limit of 5%, ensuring effective risk management. SurgeTrader also offers leverage options of up to 20:1 or 50:1, depending on the account tier and add-on purchases. FTMO, on the other hand, does not impose restrictions on trading styles, instruments, or position sizes, allowing traders the freedom to trade according to their preferences.
Additional Benefits:
Both SurgeTrader and FTMO provide additional benefits to traders. SurgeTrader introduces a new feature that allows traders to hold and trade their positions through the weekend, providing additional flexibility. FTMO offers custom trading apps, account analysis, unbiased feedback, and support from their customer support team. FTMO’s Trading Academy provides educational resources such as tutorials, webinars, and collaborations with experienced traders and mentors.
Conclusion:
Both the SurgeTrader Funded Trading Program and the FTMO Prop Trading Firm offer unique opportunities for traders to showcase their skills and earn significant profits. SurgeTrader provides clear profit targets, risk management measures, and leverage options, along with the flexibility of holding trades through the weekend. FTMO emphasizes risk management and offers a competitive profit split ratio, access to popular trading platforms, and a wide range of trading instruments. Ultimately, the choice between SurgeTrader and FTMO depends on your trading goals, preferences, and the evaluation process that aligns with your trading style. We recommend thoroughly assessing the features and benefits of each program to make an informed decision that suits your needs.
