In this article, we will be making a general and one-step comparison between SurgeTrader and FundedNext. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
In this article, we will be making a general and one-step comparison between SurgeTrader and FundedNext.
In this article, we will be making a general and one-step comparison between SurgeTrader and FundedNext. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | SurgeTrader | FundedNext |
| Incorporation date | September 2021 | March 2022 |
| CEO | Jana Seaman | Abdullah Jayed |
| Office Location | Naples, Florida | UAE, USA, UK, Bangladesh |
| Maximum Allocation Capital | $1,000,000 | $300,000 |
SurgeTrader and FundedNext are both reliable and trustworthy proprietary trading firms. SurgeTrader was incorporated in September 2021 while FundedNext started operating in March 2022. When it comes to CEOs, Jana Seaman is the CEO of SurgeTrader, while FundedNext is being run by Abdullah Jayed. SurgeTrader has offices located in Naples, Florida, while FundedNext has its headquarters in UAE, USA, UK, and Bangladesh. And lastly, when it comes to the maximum allocation capital, traders can manage up to $1,000,000 in evaluation accounts with SurgeTrader, while with FundedNext, traders can obtain funding up to $300k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | SurgeTrader | FundedNext |
| One-phase Evaluation | ✅ | ✅ |
| Two-phase Evaluation | ❌ | ✅ |
SurgeTrader and FundedNext both offer funding programs to forex traders worldwide. SurgeTrader offers a one-step evaluation funding program. FundedNext, on the other hand, offers two one-step evaluations and two two-step evaluations.
That being said, let’s take a look at the comparison of the one-step evaluation programs.
One-step Comparison:
| Trading Rules/Objectives | SurgeTrader | FundedNext One-step Stellar | FundedNext Consistency | FundedNext Non-consistency |
| Profit Target | 10% | 10% | 25% | 25% |
| Daily Drawdown | 5% | 3% | 5% | 5% |
| Overall Drawdown | 8% (Trailing) | 6% | 10% | 10% |
| Leverage | 1:10 up to 1:20 | 1:100 | 1:100 | 1:100 |
| Minimum Trading Days | No limit | 5 calendar days | 10 calendar days | 10 calendar days |
| Trading Period | No limit | No limit | No limit | No limit |
| Profit Split | 75% up to 90% | 80% up to 90% | 60% up to 90% | 60% up to 90% |
Now that we have gone covered all the rules and guidelines of the one-step evaluation. Let’s take a closer look at prices.
| Account Size | SurgeTrader | FundedNext One-step Stellar | FundedNext Consistency | FundedNext Non-consistency |
| $6,000 | ❌ | $59 | $49 | $59 |
| $15,000 | ❌ | $119 | $99 | $119 |
| $25,000 | $250 | $199 | $199 | $229 |
| $50,000 | $400 | $299 | $299 | $379 |
| $100,000 | $700 | $519 | $549 | $699 |
| $200,000 | ❌ | $999 | $999 | ❌ |
| $250,000 | $1,800 | ❌ | ❌ | ❌ |
| $500,000 | $3,500 | ❌ | ❌ | ❌ |
| $1,000,000 | $6,500 | ❌ | ❌ | ❌ |
Brokers & Trading Platforms
After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.
| SurgeTrader | FundedNext | |
| Broker | Eightcap | Eightcap |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Trading Instruments
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with SurgeTrader and FundedNext.
| Trading instrument | SurgeTrader | FundedNext |
| Forex pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Equities | ✅ | ❌ |
| Crypto | ✅ | ❌ |
| Crypto Indices | ✅ | ❌ |
Community Feedback
The last topic we will go through is community feedback from SurgeTrader and FundedNext. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | SurgeTrader | FundedNext |
| Rating | 4.6/5 | 4.7/5 |
| Number of Reviews | 558 | 5,075 |
SurgeTrader has a rating of 4.6/5 out of a total of 558 reviews, while FundedNext has a rating of 4.7/5 out of 5,075 reviews. Based on the statistics, we can clearly see that FundedNext is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, SurgeTrader and FundedNext are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since SurgeTrader offers a one-step evaluation. On the other hand, FundedNext offers a one-step evaluation and a two-step evaluation.
We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!
SurgeTrader 10% active discount code: FPREVIEWS10OFF
FundedNext 5% active discount code: FOREXPROPREVIEWS
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