FXIFY vs SurgeTrader
If you’re a trader looking at funded trading, choosing the right prop firm can be a game-changer. It’s not just about the funds; it’s about finding a platform that aligns with your trading style and goals. Here, we’re comparing two notable players in the industry: FXIFY vs SurgeTrader. Each firm has its unique strengths and offerings, and our friendly, informative guide will help you navigate these waters. So, whether you’re a seasoned trader or just starting out, let’s dive in and explore what FXIFY and SurgeTrader have to offer!
FXIFY Overview
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FXIFY has made a name for itself in the world of proprietary trading. Here’s what you need to know about this firm:
- Partnership with FXPIG: FXIFY collaborates with FXPIG, a well-known brokerage, offering access to popular trading platforms like MT4 and MT5. This partnership enhances trading experiences​​.
- Trading and Profit Sharing: They offer flexible evaluation programs and generous profit-sharing, allowing traders to earn up to 90% of their generated profits​​.
- Wide Range of Tradable Assets: With over 300 options including Forex, stocks, and precious metals, traders have a plethora of choices​​.
- Innovative Trading Dashboard: FXIFY’s dashboard is packed with real-time metrics and analytics, providing valuable insights into trades​​.
- Evaluation Programs: They have two main programs: a one-phase and a two-phase, each with specific profit targets and time limits. This structure caters to different trading styles and preferences​​​​.
- Fee Structure: The evaluation fees vary from $175 to $1,999, depending on the capital access level. Interestingly, they offer a 125% refund of your evaluation fee on your first payout​​​​​​​​.
- Additional Features: FXIFY stands out with its commission-free trading, compatibility with major trading platforms, and instant payout options. They also provide free access to Trading Central’s tools and resources​​​​​​.
FXIFY combines a range of robust features with flexibility, making it an appealing choice for traders looking for diverse trading opportunities and favorable profit-sharing arrangements.
SurgeTrader Overview
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SurgeTrader is another key player in the proprietary trading space, offering unique features:
- Company Background: SurgeTrader, part of Surge Funding, LLC, started in 2021 with bases in Florida and Delaware. They stand out by providing not just capital, but also leadership coaching and operational guidance​​.
- Trading Flexibility: They welcome various trading styles and offer a high profit share of up to 90%. SurgeTrader is known for its flexibility, allowing traders to operate without minimum day restrictions, and offering a wide range of trading instruments​​.
- 2 Phase Audition: Their audition process includes two phases: a Qualification Phase and a Validation Phase. These phases focus on demonstrating profitability without strict time or trade number limits. This process is designed to be accommodating and stress-free​​.
- Pros and Cons:
- Pros: SurgeTrader supports diverse trading strategies and offers a wide range of assets, including stocks, commodities, and currencies. The audition process is engaging and approachable​​.
- Cons: They don’t offer futures or options trading, and the default profit share starts at 75%. There’s also a no-refund policy, which might be a concern for some traders​​.
- Account Options and Pricing: SurgeTrader provides different account types with varying features and prices. They offer both 1-Phase and 2-Phase account options, each with its own set of rules and benefits​​.
- Trading Rules: SurgeTrader emphasizes easy-to-follow rules, with a focus on profitable trading. They require setting a stop-loss for each trade, but also offer a No Stop-Loss add-on​​.
- Withdrawals and Challenges: Traders can withdraw their profits anytime, once every 30 days. SurgeTrader offers up to 90% profit sharing. They also conduct SurgeTrader Challenges to qualify traders for funded accounts​​.
- Tradable Assets: SurgeTrader offers a diverse array of tradable instruments, including forex, equities, commodities, and cryptocurrencies, and allows trading on both MetaTrader 4 and MetaTrader 5 platforms​​.
In essence, SurgeTrader caters to traders who value flexibility, a wide range of trading options, and a supportive environment to grow their trading skills.
Direct Comparison: FXIFY vs SurgeTrader
To provide a clearer understanding, let’s put FXIFY and SurgeTrader side by side in a comparative table:
| Feature | FXIFY | SurgeTrader |
|---|---|---|
| Establishment | Partnership with FXPIG | Part of Surge Funding, LLC; started in 2021 |
| Profit Sharing | Up to 90% | Up to 90% |
| Tradable Assets | Over 300 including forex, stocks, metals, crypto | Diverse including FX, equities, commodities, crypto |
| Trading Dashboard | Comprehensive with real-time analytics | Feature-rich with performance tracking, trade history analysis, and more​​. |
| Evaluation Programs | 1-Phase and 2-Phase Evaluations | 1-Phase and 2-Phase Evaluations |
| Fee Structure | $175 to $1,999; 125% refund on first payout | 1-Phase: $250 – $6,500; 2-Phase: $200 – $2,300 |
| Trading Platforms | Withdrawal requests possible once every 30 days | Offers MetaTrader 4 and MetaTrader 5 |
| Withdrawal Policy | Instant payouts after profitable trades | Withdrawal requests are possible once every 30 days |
| Unique Features | Commission-free trading, access to Trading Central | Leadership coaching, operational guidance |
This table illustrates the key differences and similarities between FXIFY and SurgeTrader, helping traders make an informed decision based on their preferences and trading style. Both firms offer robust platforms with unique strengths, catering to a wide range of traders in the proprietary trading space.
Conclusion
In summary, both FXIFY and SurgeTrader present compelling opportunities for traders, each with its unique strengths. FXIFY stands out with its partnership with FXPIG, a range of tradable assets, and a comprehensive trading dashboard, while SurgeTrader is notable for its flexible trading conditions, diverse instrument offerings, and a recently updated dashboard that enhances trading analysis and management.
For a deeper dive into each firm, you can read the full reviews here: FXIFY Review and SurgeTrader Review. Additionally, don’t forget to take advantage of our exclusive discount code available in these reviews for added benefits.
Choosing the right proprietary trading firm depends on your trading style, preferences, and goals. By considering the detailed comparison in this blog post, you’re well-equipped to make an informed decision that aligns with your trading aspirations. Happy trading!
Want an FXIFY coupon code? Just click the button below and enter the code on your purchase.
Want a SurgeTrader coupon code? Just click the button below and enter the code on your purchase.
