When choosing a prop firm partner, traders have many choices. What makes SurgeTrader different from The Funded Trader (TFT)?
Traders have many options to solve their challenge of undercapitalization. Specifically, though, why should you choose SurgeTrader vs. The Funded Trader (TFT)? We’ve laid out the SurgeTrader vs. TFT differences below for you to make an informed decision.
 |
The Funded Trader* |
|
|---|---|---|
| Entry-Level Accounts ($25K-50K) |  |
|
| Mid-Tier Accounts ($100K-400K) | |
|
| Large Accounts ($500K+) | |
 |
| $1 Million Account | |
|
| Funded with Real Money | |
|
| One-Step Funding Process | |
|
| Simple, Straightforward Rules | |
|
| Simple Scaling Plan | |
|
| First Withdrawal Waiting Period | None | 30 Days |
| Payout Execution Time | Same Day | 2-3 Days |
| Profit Split | Up to 90% | 80%** |
| Minimum Trading Days | None | Yes |
| Trading Period | None | Yes |
* Logos and trademarks belong to their respective owners and are included here for comparison purposes only. This comparison is accurate as of October 6, 2022.
** Standard accounts can be scaled to over $400K and scaled up to a 90% profit split.
*** All information based on The Funded Trader’s Standard Challenge.
SurgeTrader is different than The Funded Trader (TFT), with an exceptionally simple one-step funding model, where traders take an Audition with simple rules and no 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. Traders keep up to 90% of the profits they earn.
When it comes to funded accounts, traders have several choices in the prop trading industry. But what makes SurgeTrader stand out above companies like The Funded Trader?
Some firms — like The Funded Trader — do not fund accounts with real money. Traders are still on a demo account once they pass the challenge. This means that they only pay out the winners, and those payouts are a huge liability for their profits. Prop firms like TFT 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. Not SurgeTrader. Since we fund accounts with real money, we want traders to pass and be profitable. When you win, we all win.
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 The Funded Trader 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. No multiple phases. No long list of hard-to-understand rules.
You can pass our Audition at your own pace — whether that’s in 3 hours or 3 months. Some firms, like The Funded Trader, require that you must trade for at least 3 days and pass within 35 days. With SurgeTrader, it’s simple. Take all the time that your strategy needs to be profitable.
When you earn profits in a funded account, we believe that’s your money to do with what you please. So, if you make profits on the first day of trading a live account, you can request a withdrawal. With The Funded Trader, you have to wait 30 days to access your own money. In addition, payout processing is usually same day at SurgeTrader, while The Funded Trader has you waiting 48-72 hours.
SurgeTraders are permitted to have one account of each account size — for a maximum capital allocation of over $1.9 million. The Funded Trader standard account has a maximum allocation of $400K — with the potential to scale slightly larger through multiple complicated scaling phases.
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.
