- One-step and two-step evaluations with up to $4 million funding.
- 4.8/5 Trustpilot rating with a one-time free retake for Day Trading.
- Weekly withdrawals, aggressive scaling, and up to 100% profit split.
- Flexible challenge timelines, including unlimited for Instant funding.
- Quality trader education with a proprietary Risk Manager Tool.
- News trading allowed with no daily loss rule for Instant funding.
SurgeTrader
- $1,000,000 capital with Trustpilot rating of 4.5/5
- Real accounts; $1,000,000 challenge account
- 75%-90% profit share with available add-ons
- Overnight, weekend, and news trading permitted
- No minimal trading days; one-step evaluation.
- Stop-loss required for each trade
- Maximum open size 1 lot / $10,000 of the account balance
- Trailing drawdown
Rules 📋
City Traders Imperium
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, No Weekend Holding, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
SurgeTrader
Lot Size Limit, Maximum Daily Loss, Maximum Trailing Drawdown, Profit Target, Stop Loss Required
Deposit 🏧
City Traders Imperium
Credit/debit cards, Crypto, PayPal, Bank Wire Transfer
City Traders Imperium (CTI) is a well-established proprietary trading firm that has garnered a strong reputation since its incorporation in July 2018. It offers generous funding levels with both one-step and two-step evaluation processes which can lead up to $4 million in funding. CTI stands out with an impressive 4.8/5 Trustpilot rating that highlights the company's reliability and trader satisfaction. It offers trader-friendly features such as weekly withdrawals and an aggressive scaling plan that can result in up to 100% profit split. The firm also emphasizes education and provides a proprietary Risk Manager Tool to aid traders in making well-informed decisions. Notably, it allows news trading, providing more opportunities for traders to capitalize on market movements.
Analysis of SurgeTrader
SurgeTrader arrives on the scene as a competitive proprietary trading firm offering up to $1,000,000 in trading capital, confirmed by a strong 4.5/5 Trustpilot rating. The firm offers a straightforward evaluation with no minimal trading days to access a challenge account, and it stands out with its 75%-90% profit-sharing option. SurgeTrader shows flexibility by allowing overnight and weekend trading, including during significant news events. This can be particularly appealing to traders who focus on longer-term strategies or those based on fundamental analysis.
Comparison of Funding and Growth Potential
When considering funding and growth potential, both CTI and SurgeTrader have their unique offerings. CTI has a remarkable proposition with the potential for up to $4 million in funding, coupled with weekly withdrawals and high profits. SurgeTrader, while offering a real account from the get-go, leans on its high profit split and lack of restrictive trading days within the evaluation phase.
Trading Rules and Regulations
Trading rules and risk management are crucial aspects of both firms. CTI implements a mandatory stop-loss rule and maintains a relatively low leverage of 1:10. SurgeTrader also requires a stop-loss for each trade, limits the maximum open size to 1 lot per $10,000 of the account balance, and introduces a trailing drawdown, which could impact trading styles that require more room for drawdowns.
Payment Methods and Withdrawals
CTI offers a diversity of deposit methods including credit/debit cards, cryptocurrencies, PayPal, and Bank Wire Transfer, which shows its commitment to accommodating trader preferences. In terms of withdrawal methods, it provides options through PayPal, Revolut, and Wise. On the other hand, SurgeTrader is comparatively limited, offering only credit/debit cards for deposits and bank wire transfers for withdrawals, risking the alienation of traders who prefer alternative payment services.
Diversity in Account Offerings
CTI provides a broad range of account sizes, from $1,000 to $100,000, making it accessible to traders with varying levels of capital and risk appetite. In contrast, SurgeTrader does not detail specific account sizes but does allow accounts denominated in USD and GBP.
Tradeable Instruments and Account Currencies
Both firms offer different markets to their traders. CTI allows trading in indices and metals, catering to individuals who prefer these instruments. SurgeTrader, however, opens the door to commodities trading. Both firms operate accounts in USD, with SurgeTrader adding the option of GBP, which could be a plus for traders in the UK or those wanting to diversify their currency exposure.
Concluding Thoughts
In conclusion, both City Traders Imperium and SurgeTrader offer distinctive advantages to retail traders looking for prop firm opportunities. CTI comes across as a more established entity focused on trader education, support, and aggressive scaling options, which might appeal to serious traders aiming for significant growth. SurgeTrader, while newer and with less historical context available, offers a simpler evaluation process, robust profit-sharing, and more relaxed trading rule structures, which may attract traders who value flexibility and a straightforward path to funding. Ultimately, traders' individual preferences, trading styles, and risk management practices will guide them to the firm that best aligns with their trading goals and strategies.
