Accessibility Tools
Traders have many options to solve their challenge of undercapitalization. Specifically, though, why should you choose SurgeTrader vs. FXIFY? We’ve laid out the SurgeTrader vs. FXIFY differences below for you to make an informed decision.
 2 Phase Audition |
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 2 Phase Audition |
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| Entry-Level Accounts ($25K – 50K) |  |
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| Mid-Tier Accounts ($100K – 250K) | |
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| Large Accounts ($500K) | |
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| Platforms: Both MT4 and MT5 | |
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| Minimum Time for Scaling Up | None | 3 Months |
| Minimum Trading Days | None | 5 |
| Base Profit Share | 80% | 75% |
| Phase 2 Profit Target | 8% | 10% |
| Phase 1 Profit Target | 5% | 5% |
| Max Funding Per Trader | $925k | $800k |
| Tradeable FX Pairs | 46 | 24** |
| Tradeable Equities | 1,360 | 28** |
| Tradeable Metals | 5 | 3** |
| Tradeable Indices | 16 | 15** |
| Tradeable Crypto | 27 | 7** |
| Tradeable Commodities | 6 | 3** |
| Telephone Support Available | |
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* Logos and trademarks belong to their respective owners and are included here for comparison purposes only. This comparison is accurate as of November 6, 2023
**MT5 Raw, via FXPIG
SurgeTrader is different from FXIFY in several important ways. SurgeTrader offers exceptionally simple 1 Phase and 2 Phase funding models, where traders take an Audition with clear rules, no minimum trading days and no time restrictions.
With our program, SurgeTraders take a 1 or 2 Phase Audition in a demo environment, where they have access to trade FX pairs, equities, metals, indices, crypto and commodities. In fact, SurgeTrader provides access to well over 1,300 more assets to trade than FXIFY. Why trade with a prop firm that provides such a limited set of assets?
Beyond FXIFY’s limited tradable assets, traders will also find the rules at FXIFY and time restrictions for scaling up accounts to be much more complex and restrictive than at SurgeTrader. Also, perhaps most importantly, traders will find that the levels of available funding are far lower than at SurgeTrader.
Firms like SurgeTrader offer Auditions in order to assess the skills of each trader who wishes to gain access to a funded account. The Audition process allows us to identify the best traders, and also protects our firm’s capital. Our rules for the 2 Phase Audition include an 8% profit target for the first phase, whereas FXIFY requires a 10% profit to be earned in their first step, making their qualification quite a bit harder to achieve. They also require a minimum of 5 trading days in each of their two steps, plus a maximum of 30 and 60 days for their two steps, as compared to SurgeTrader, who imposes no minimum or maximum trading days at all. With FXIFY’s more complex requirements and more difficult rules, traders may prefer SurgeTrader’s Audition as their pathway to a funded account.
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. FXIFY does not publish a phone number, so there’s no way to easily get a live person on the phone to help you with complex issues that may arise. And, their team operates on London business hours, which means for traders in the US and Canada, FXIFY’s support team is unavailable during your afternoon trading times.
Before you decide to partner with any trading firm, don’t you want to know what assets you can trade in your account? On the SurgeTrader website, with one click you can download the full list of tradable assets – FX, Crypto, Indices, Commodities, and Metals, over 1400 total! But for some reason, FXIFY doesn’t provide you with their tradable assets on their website; to actually get that list, you have to contact their support team (by chat or email only). When they get back to you (which could be as long as the next business day), their support team will tell you download MT4 or MT5 and log into a demo account, and only once you get there do you find out how truly small their asset list is. Long story short, they only offer 80 assets in total, vs. 1460 on SurgeTrader. Why trade with such a limited set of assets? And why make it so hard for traders to find this information?
The FXIFY 2 Phase program requires a minimum of 5 trading days, so even if you hit the profit target in 2, 3 or 4 days of trading, you still have to trade on a fifth day in order to pass each phase, which can cause you to overtrade and blow profits you have already achieved. FXIFY also imposes a maximum trading period of 30 days on Step 1, and 60 days on Step 2 – unless you buy an addon to remove those requirements. At SurgeTrader, both our 1 Phase and 2 Phase Auditions have no minimum trading days, and no maximum trading period, so our traders can take all the time they need to be profitable.
When you achieve the profit target in SurgeTrader’s 2 Phase Audition, you will have the option to move directly into your funded account, or, choose to scale up to the next-largest account size, which is at least double the size of your current account. It does not matter how quickly or slowly you hit your profit target, you can scale up immediately once you achieve the required profit. That means you can move from a $100,000 account to a $250,000 account just as soon as you can pass the 2 Phase Audition (no minimum or maximum trading days!). With FXIFY, you will need to wait at least 3 months in order to scale up for the first time; you will need to have been profitable in at least 2 of those months; and, your first scale up will only be 25% of your original balance. So, on a $100,000 account, after 3 months, you would still only have a $125,000 balance to work with – just half of what you’d have with SurgeTrader!
SurgeTraders are permitted to have one account of each account size — for a maximum capital allocation of over $925k across five 2 Phase Auditions. FXIFY High Stakes (2 Phase) account has a maximum allocation of just $800K (two $400k accounts, and you have to pass and get funded on the first account before you can buy the challenge for the second account). With SurgeTrader, you can buy several accounts of different sizes at the same time and trade in all of them, as long as each account is trading independently of the others.
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.
Transparency is key to making an informed decision. Directly compare features from our competitors to see why SurgeTrader is one of the fastest growing prop firms worldwide.
* Standard profit share of 75% can be increased to 90% with add-on purchase.
** Standard Leverage can be increased up to 20:1 with add-on purchase & applies only to FX & metals.
Choose the account tier that works for you & start earning more on your trading activity.
* Standard profit share of 75% can be increased to 90% with add-on purchase. ** Standard Leverage of 10:1 can be increased up to 20:1 with add-on purchase & applies only to FX & metals.
* Standard profit share of 80% can be increased to 90% with add-on purchase.
** Leverage: FX & Metals 50:1 , Oils and Indices 10:1, Individual stocks 5:1, Cryptocurrencies 2:1
Choose the account tier that works for you & start earning more on your trading activity.
* Standard profit share of 80% can be increased to 90% with add-on purchase. ** Leverage: FX & Metals 50:1 , Oils and Indices 10:1, Individual stocks 5:1, Cryptocurrencies 2:1
