When choosing a prop firm partner, traders have many choices. What separates SurgeTrader from FTMO?
SurgeTrader is different than FTMO, offering a uniquely simple one-step funding model, where traders take an Audition with simple rules and no time restrictions. We want traders to pass. Other firms like FTMO make money when their traders fail the challenge, so they offer complicated multi-step funding models — or a program with complex rules and stringent time restrictions.
With our program, traders take an Audition in a demo environment, and once they achieve a 10% profit target, they receive login credentials to a funded account — up to $1 million.
When it comes to funded accounts, traders have several choices in the prop trading industry. But what makes us stand out above companies like FTMO?
Some of the most well-known prop firms, like FTMO, do not put their funds at risk. With others, once you pass their challenge, you are still on a demo account with fake money. This allows them to act as a quasi-broker and never put any real money at risk. They look to profit from the failure of traders. Not SurgeTrader. We stand by our traders with our own money.
When we developed SurgeTrader, we asked ourselves, “How can we stand out?” The answer is incredible customer service that goes above and beyond our competitors. We’ve committed significant resources so that traders can speak to a live person and ask questions or get support by phone, chat or email, during regular business hours. We challenge you to find another firm that makes it easy to talk to someone and get the answers you need.
Other prop firms like FTMO have complex rules designed to profit off failed traders. SurgeTrader features a one-step Audition with just a couple of clear, easy-to-understand trading rules.
You can pass our Audition at your own pace — whether that’s in 3 hours or 3 months. Some firms, like FTMO, mandate that you have to trade for at least 10 days and pass within 30 days. Others have similarly restrictive trading time frames. With SurgeTrader, it’s simple. Take all the time that your strategy needs to be profitable.
Traders have many options to solve their challenge of undercapitalization. Specifically, though, why should you choose SurgeTrader vs. FTMO? We’ve laid out the SurgeTrader vs. FTMO differences below* for you to make an informed decision.
|Entry-Level Accounts ($25K-50K)|
|Mid-Tier Accounts ($100K-200K)|
|Large Accounts ($250K-500K)|
|$1 Million Account|
|Funded with Real Money|
|One-Step Funding Process|
|Simple, Straightforward Rules|
|Minimum Trading Days||None||10 Days|
|Trading Period||None||30 Days|
* Logos and trademarks belong to their respective owners and are included here for comparison purposes only. This comparison is accurate as of March 25, 2022.
Proprietary (prop) trading firms fill a critical role, providing traders capital to grow. But they won’t hand over their money to just anyone. Each company requires something different. So, how do you choose the right partner? Which questions should you ask?
We compiled a list of the top 15 questions you need to know before signing up with ANY prop firm.