- Real accounts with allocation capital up to $600,000.
- Generous 90% profit split.
- Flexible trading: news, weekends, and overnight.
- No minimum trading days.
- Simplified one-step evaluation.
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.
Cons ❌
Super Funded
- Lack of community feedback
- Lack of payment proof
- Consistency rule
- Low leverage 1:30, 1:20, and 1:2
SurgeTrader
- Stop-loss required for each trade
- Maximum open size 1 lot / $10,000 of the account balance
- Trailing drawdown
Rules 📋
Super Funded
Consistency Rule, Maximum Daily Loss, Maximum Loss, Maximum Trading Days, No Copy Trading Allowed, Profit Target, Third Party EA Risk
SurgeTrader
Lot Size Limit, Maximum Daily Loss, Maximum Trailing Drawdown, Profit Target, Stop Loss Required
Super Funded and SurgeTrader both propose attractive offers to traders looking for significant capital allocation. Super Funded allows traders to manage accounts up to $600,000 with an impressive 90% profit share. This high-profit share is particularly beneficial for successful traders who can retain most of what they earn. SurgeTrader, on the other hand, ups the ante with access to a $1,000,000 capital, catering to those aiming for high financial ceilings. Although their profit share ranges from 75% to 90%, the lower end is somewhat less favorable compared to Super Funded. However, given the correct add-ons, traders can potentially reach the same 90% profit share, which levels the playing field.
Trading Flexibility
In terms of trading flexibility, both firms offer a liberal approach. SurgeTrader’s high Trustpilot rating is indicative of user satisfaction, potentially pointing towards a favorable trading environment. Both allow trading news, over weekends, and overnight. For a trader who values the ability to trade without time constraints, this aspect is pivotal. Super Funded’s lack of minimum trading days aligns with SurgeTrader's policy, making both firms attractive to traders not wanting to be bound by stringent timelines.
Operational Rules and Restrictions
The operational parameters set by a prop firm can greatly influence trading strategies. SurgeTrader requires a stop-loss for every trade, which is a risk-averse approach to capital management. Additionally, the firm imposes a lot size limit and trailing drawdown, which may be perceived as restrictive but also serve to protect both the trader and the firm from significant losses.
Super Funded has a generic set of rules like consistency requirements, loss limits, and a prohibition on copy trading and third-party EA risk. These rules are quite standard in the industry and aim to foster responsible trading habits, although some traders might feel they limit their strategic flexibility. SurgeTrader's lot size limit and mandatory stop-loss requirement for each trade may be seen as prudent risk management, but can be restrictive for certain trading styles.
Funding and Withdrawal Options
With regards to fund management, Super Funded offers more modern deposit and withdrawal methods via crypto and Deel. This caters to tech-savvy traders who prefer the efficiency and often the lower fees of cryptocurrency transactions. SurgeTrader, by contrast, seems to adopt a more traditional bank wire approach to withdrawals, which could be preferred by traders looking for tried-and-tested methods, despite potentially slower processing times and higher fees.
Account Types and Tradable Instruments
Diversity in trading instruments is crucial for many traders. Super Funded provides a range that includes commodities, crypto, forex, and indices, thereby appealing to traders with diversified portfolios. SurgeTrader is limited to commodities, which might be a deal-breaker for those looking to trade in other markets like forex or crypto.
In terms of account sizes, Super Funded lists specific USD account sizes catering to various levels of trader experience and capital comfort. SurgeTrader provides accounts in different currencies, indicating flexibility and convenience for international traders.
Company History and Credibility
Super Funded’s recent inception might cause concern for longevity and reliability, but it also indicates potential for modern practices and a fresh approach to the prop trading industry. The incorporation date for SurgeTrader remains unknown, which hampers the ability to gauge its historical performance and thus fully assess its reputation.
Conclusion
Retail traders and potential users are encouraged to consider their trading style, risk tolerance, and instrument preference when choosing between Super Funded and SurgeTrader. SurgeTrader offers a higher capital ceiling with a solid Trustpilot rating, yet some may find its trading restrictions conservative. Super Funded seems to offer a higher profit split and a broader range of instruments, which could be enticing for the more aggressive and diversified trader. Users should weigh these differences alongside operational transparency and funding preferences to select a firm that best complements their trading approach.
