SurgeTrader vs FTMO 2024: Which is a Better Prop Trading Firm?

Jeremy Biberdorf
By: Jeremy Biberdorf
 

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In the vast universe of Forex trading, choosing the right proprietary trading firm is like finding a needle in a haystack. Two proprietary trading firms that consistently stand out are SurgeTrader and FTMO, offering unique features that appeal to all types of traders.

In this comparison, we’ll be exploring each platform’s offerings in detail to help you decide which might suit your trading needs best.

For more detailed analysis of FTMO check out our full FTMO review.
SurgeTrader is Better for: FTMO is Better for:
Simplified Evaluation ProcessComprehensive Two-step Evaluation Program
Clear and Upfront Fee StructureWide Range of Tradable Assets
Flexibility in Trading StylesMore Stringent Trading Rules

SurgeTrader

SurgeTrader, a renowned player in the proprietary trading landscape, provides traders with an avenue to showcase their trading skills and access significant capital to trade the financial markets. Offering a range of trading programs tailored to different trading styles and levels of experience, SurgeTrader has something for everyone, from novice traders to seasoned professionals.

If you’re interested, we have a full review dedicated to Surgetrader’s platform.

FTMO

FTMO has been a go-to prop trading firm for many experienced traders. Known for its distinctive evaluation program, FTMO empowers talented traders with the capital and tools they need to thrive in the Forex market. Although it has a wide range of offerings, the platform’s complex rules might be a deterrent for some traders.

For those looking to dive deeper, we also have a comprehensive review of FTMO.

SurgeTrader FTMO
Service Type Proprietary Trading Firm Proprietary Trading Firm
Minimum Trading Days Flexible Stringent
Customer Support Responsive and Accessible Available but complex rules can be daunting
Best Use Traders looking for a simplified evaluation process and relaxed trading rules Experienced traders who can navigate complex rules
Current Promotion

More Info

Save 10% with our exclusive coupon code: modestmoney

More Info

Modest Money Overall Rating
4.4 rating based on 5 ratings
4.4 rating based on 5 ratings
SurgeTrader
Service Type Proprietary Trading Firm
Minimum Trading Days Flexible
Customer Support Responsive and Accessible
Best Use Traders looking for a simplified evaluation process and relaxed trading rules
Current Promotion

More Info

Save 10% with our exclusive coupon code: modestmoney
Modest Money Overall Rating
4.4 rating based on 5 ratings
FTMO
Service Type Proprietary Trading Firm
Minimum Trading Days Stringent
Customer Support Available but complex rules can be daunting
Best Use Experienced traders who can navigate complex rules
Current Promotion

More Info

Modest Money Overall Rating
4.4 rating based on 5 ratings

Factor 1: Evaluation Process and Trading Conditions

SurgeTrader: Simplified Evaluation Process

  • FTMO: comprehensive two-step evaluation program
  • SurgeTrader’s straightforward evaluation process caters to both new and experienced traders alike.

The evaluation process can be a hurdle or a stepping stone in your trading journey, making it a critical factor in choosing a prop trading firm.

SurgeTrader: Simplified Evaluation Process

SurgeTrader shines with its uncomplicated and trader-friendly evaluation process. Traders have the liberty to trade without the burden of complex rules, making the process less stressful and more focused on trading performance. The evaluation process is time-sensitive, but SurgeTrader offers a comfortable timeframe, allowing traders to trade at their own pace without feeling rushed.

FTMO: A Comprehensive Evaluation Program with Complex Rules

On the other hand, FTMO offers a two-step evaluation process –– the FTMO Challenge and Verification stage. Although comprehensive, the rules that accompany each stage can be quite complex. Traders need to maintain a careful balance of reaching profit targets while managing daily loss limits and maximum drawdowns.

SurgeTrader is better for:

  • Traders that prefer a straightforward evaluation process.
  • Traders who appreciate ample time to complete the evaluation.
  • New proprietary traders that would like an uncomplicated start.

FTMO is better for:

  • Traders that are comfortable navigating complex trading rules.
  • Experienced traders who can handle stricter trading conditions.

Factor 2: Fee Structure

SurgeTrader: Clear and Upfront Fee Structure

  • FTMO: intricate fee structure with possible add-on costs
  • SurgeTrader is beneficial for traders seeking transparency and cost-effectiveness in their trading journey.

time fees, monthly payments, and potential add-ons.

SurgeTrader: Affordable and Transparent Fees

SurgeTrader is clear and upfront about its fees. There are no hidden charges or surprise costs. The one-time fee for the evaluation phase is competitive, and once traders pass this stage, there are no further fees, making it a cost-effective choice for traders.

FTMO: A More Complex Fee Structure

FTMO’s fee structure is more intricate, with potential add-on costs that might catch some traders off guard. While the initial fees for the FTMO Challenge are comparable to SurgeTrader –– traders may encounter extra costs if they choose to purchase additional services or features.

SurgeTrader is better for:

  • Traders looking for clear, transparent pricing.
  • Traders seeking a cost-effective entry into proprietary trading.
  • Traders that prefer to avoid recurring or hidden charges.

Factor 3: Flexibility and Trading Rules

SurgeTrader: Embraces All Trading Styles

  • FTMO: imposes more stringent trading rules
  • SurgeTrader provides traders with the freedom to explore various strategies without restrictions.

Every trader has a unique trading style, and a prop firm’s trading rules can significantly influence trading success.

SurgeTrader: Embraces All Trading Styles

SurgeTrader champions flexibility, embracing all trading strategies including scalping, swing trading, and news trading. Traders have the freedom to explore various strategies without restrictions –– fostering creativity and innovation in trading.

FTMO: Stringent Trading Rules

FTMO, while offering a wide range of tradable assets, imposes more stringent trading rules. Traders need to adhere to stricter guidelines regarding trading styles and practices, which can limit their trading flexibility.

SurgeTrader is better for:

  • Traders that value flexibility in their trading strategy.
  • Traders who prefer not to be confined by strict trading rules.

Factor 4: Customer Support

SurgeTrader: Excellent Customer Service

  • FTMO: Adequate Support but complex rules can pose a challenge
  • SurgeTrader’s dedicated customer service ensures traders receive swift and efficient assistance.

In the realm of Forex trading, effective and responsive customer support is a priceless commodity.

SurgeTrader: Excellent Customer Service

SurgeTrader excels in customer service. Their team is dedicated, providing prompt and efficient assistance. Traders can expect swift responses to queries and ongoing support that ensures a smooth trading experience.

FTMO: Adequate but Complex Rules Can Be a Barrier

FTMO does provide customer support, but their complex trading rules might pose a challenge for traders, especially those new to the platform. Navigating these rules might require additional time and effort, which can affect the trading experience.

The Verdict: SurgeTrader Takes the Edge

While both SurgeTrader and FTMO have their strengths and cater to different traders, SurgeTrader, with its simplified evaluation process, transparent pricing, and excellent customer service, provides a more conducive environment for a broad spectrum of traders. Click here to get started with SurgeTrader today.

As always, we recommend traders do their due diligence and choose the prop firm that aligns best with their trading style and goals.

Learn More About SurgeTrader

Learn More About FTMO