Introduction
If you’re considering trading as a career or just looking for a way to make some extra money, you’ve probably come across the names of FTMO and Surgetrader. Both companies offer funded trading accounts to traders who pass their evaluation process. But how do they compare? In this article, we’ll take a closer look at FTMO and Surgetrader and compare them in terms of their trading conditions, fees, evaluation process, and more.
Trading Conditions
When it comes to trading conditions, both FTMO and Surgetrader offer competitive spreads and leverage. However, FTMO offers a wider range of trading instruments, including forex, commodities, and indices, while Surgetrader focuses mainly on forex trading. Additionally, FTMO allows traders to use any trading strategy, including hedging and scalping, while Surgetrader has some restrictions on certain trading styles.
Fees
Both FTMO and Surgetrader charge a fee for their evaluation process. FTMO charges a one-time fee of $195 for their 30-day evaluation, while Surgetrader charges a monthly fee of $149. However, FTMO offers a refund of the evaluation fee if a trader successfully passes their evaluation, while Surgetrader does not.
Evaluation Process
The evaluation process for both FTMO and Surgetrader involves trading on a demo account and meeting certain performance targets. FTMO requires traders to achieve a 10% profit target within 30 trading days, while Surgetrader requires a 6% profit target within 60 trading days. FTMO also has a maximum loss limit of 5%, while Surgetrader does not have a specific loss limit.
Funding and Withdrawals
Once a trader successfully passes the evaluation process, both FTMO and Surgetrader offer funded trading accounts. However, there are some differences in their funding and withdrawal policies. FTMO offers a maximum funding amount of $200,000, while Surgetrader offers a maximum funding amount of $50,000. Both companies allow traders to withdraw their profits, but FTMO has a weekly withdrawal limit of $10,000, while Surgetrader does not have a specific limit.
Risk Management
Both FTMO and Surgetrader have strict risk management policies in place to protect traders and their capital. FTMO has a maximum loss limit of 10% for their funded accounts, while Surgetrader has a maximum loss limit of 20%. Both companies also have rules in place to prevent traders from taking excessive risks or violating their trading rules.
Customer Support
In terms of customer support, both FTMO and Surgetrader offer responsive and helpful customer service. FTMO has a live chat feature on their website, as well as email and phone support. Surgetrader also has a live chat feature and email support, but does not offer phone support.
Conclusion
Overall, both FTMO and Surgetrader offer attractive options for traders looking for funded trading accounts. However, there are some differences in their trading conditions, fees, and evaluation process that may make one company more suitable for you than the other. It’s important to carefully consider these factors and do your research before choosing a funded trading account provider.
