SurgeTrader vs The5ers - full comparison
Feature | SurgeTrader | The5ers |
---|---|---|
Overall |
4.23 |
3.98 |
4.7 |
3.5 |
|
4 |
4.5 |
|
4.1 |
3.5 |
|
4.2 |
4.5 |
|
Benefits for Prop-trader |
3.9 |
3.5 |
4.5 |
4.4 |
|
Your capital is at risk.
|
Your capital is at risk.
|
SurgeTrader vs The5ers: pros and cons
SurgeTrader offers 75% profit splits to funded traders who meet their trading criteria. It's the perfect prop firm to diversify your investment portfolio with a variety of tradeable assets. SurgeTrader has only one phase of evaluation, unlike many other prop firm trading entities. Traders of all skill levels can choose from six packages. With its Starter Package, you get $25,000 in instant funding and a 10% profit target. There’s a maximum trailing drawdown of 5%. The Starter Package is ideal for beginners who want to avoid aggressive accounts. With a $1 million funding size and 75% profit split, the Master Package is the highest-tier account. A 10% target is set, along with a five-percent daily loss limit and a six-percent maximum trailing drawdown. If you have a lot of confidence in your abilities, this package may be for you. Additionally, this prop firm offers a wide variety of tradable securities, including crypto and gold, as well as popular stock indices. It’s possible to leverage up to 1:10. A top proprietary trading firm, SurgeTrader requires all of its clients to undergo evaluations. You need to pass only one phase of the SurgeTrader Audition process. It’s not necessary to earn over 10% of your account balance in order to pass the audition.
The 5%ers are known for their unique ways of handling forex funded accounts. These methods may be beneficial to traders who would like to try something different. The 5%ers take a completely different path from the other apps on this list. Each funded trading account is a live, real-money funded trading account funded by The5ers and tradeable by subscribers. All forex majors such as EUR/USD, USD/CHF, and key cross-currency pairs such as AUD/CAD and GBP/JPY are tradable assets. Each trader must complete the Level 1 Program with a profit target ranging from 10% to 25%. The Level 1 Program will be closed once the profit target has been archived by trading according to the guidelines. Profit will be distributed in accordance with the profit split, and a new trading account on the next higher financing level will be established with you as a Portfolio Manager Partner.
SurgeTrader | The5ers | |
---|---|---|
Overall Pros | Reliability. Venture capital is provided by an international venture fund. Trading is carried out through affiliate broker EightCap, which is licensed by ASIC, the Australian regulator | 7 currency pairs, 2 precious metals, 6 indices and over 3,000 securities available for trading |
No restrictions on the use of strategies. Any strategy may be applied, subject to the trading rules of the company. Permissible strategies include algorithmic trading, hedging, scalping, and Martingale | Prop-company finances traders free of charge in the amount of 6 thousand US dollars, depending on the deposit | |
High income of the trader is 75% of the money earned | There is a demo account and a training program for novice traders with funding | |
A wide range of assets includes more than 100 instruments as well as cryptocurrencies | Standard leverage 1:10, by increasing the deposit and additional options, it can be increased to 1:30 | |
No risk. If the maximum loss and drawdown requirements are met, the loss is covered by SurgeTrader | The platform provides trading tools, analytics, strategy ideas, economic calendar | |
Transparency and loyalty. All legal documents and conditions are available on the website in the public domain. The company allows violations of trading rules if they are random and not systematic | ||
Overall Cons | The high exam cost is from USD 250-6,500. In case of violation of trade requirements, the discount for re-taking the exam is up to 20% | A trader cannot have more than 3 accounts, and if accounts are inactive for 21 days, they are automatically closed |
Tough conditions. The daily drawdown is no more than 5%, and the maximum loss is up to 4% | ||
Small leverage. Depending on the asset type, the leverage is 1:2 - 1:10 |
SurgeTrader vs The5ers - regulation and safety
SurgeTrader | The5ers | |
---|---|---|
Regulators |
ASIC |
No |
Country of registration |
USA |
Israel |
Year of establishment |
n/a |
2016 |
Reliability of a prop trading company largely depends on its registration and regulation. The most reliable companies operate in compliance with laws of countries with high legal culture, such as the U.S., the UK, EU countries, Australia and Singapore.
A long period of operation in the global markets and awards can also provide additional information about the company. TU compared regulation and reliability of SurgeTrader and The5ers by the above criteria.
SurgeTrader vs The5ers - trading conditions, costs and leverage
SurgeTrader
Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
---|---|---|---|---|---|---|---|
Starter | 25 000 | no limitations | 2 500 | 5% | 6% | FX, Metals, Oils and Indices - up to 10:1. Individual stocks - 5:1. Cryptocurrencies 2:1. Traders can purchase an add-on at checkout to increase leverage on forex and metals to 20:1 | 250 (one-time payment) |
Intermediate | 50 000 | no limitations | 5 000 | 5% | 6% | 400 (one-time payment) | |
Seasoned | 100 000 | no limitations | 10 000 | 5% | 6% | 700 (one-time payment) | |
Advanced | 250 000 | no limitations | 25 000 | 5% | 6% | 1800 (one-time payment) | |
Expert | 500 000 | no limitations | 50 000 | 5% | 6% | 3500 (one-time payment) | |
Master | 1 000 000 | no limitations | 100 000 | 5% | 6% | 6500 (one-time payment) |
The5ers
Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
---|---|---|---|---|---|---|---|
Low | 6 000 | no limitations/180 | 375 (6,2%) | No | 360 USD | 1:10 | 235 EUR (one-time payment) |
10 000 | 600 (6%) | 600 USD | 385 EUR (one-time payment) | ||||
20 000 | 1400 (7%) | 1200 USD | 745 EUR (one-time payment) | ||||
Aggressive | 6 000 | no limitations/60 | 720 (12%) | 360 USD | 1:30 | 235 EUR (one-time payment) | |
10 000 | 1200 (12%) | 600 USD | 385 EUR (one-time payment) | ||||
20 000 | 2400 (12%) | 1200 USD | 745 EUR (one-time payment) | ||||
Bootcamp | 100 000 | no limitations/12 months | 6% | 5% | 1:10 | 95 EUR (one-time payment) | |
250 000 | 225 EUR (one-time payment) |
Prices of offered trading plans, minimum and maximum amount under management are the most interesting aspects of a prop trading company. Risk management levels for maximum losses and profit targets also play the key role.
SurgeTrader vs The5ers - profit split
Profit split | SurgeTrader | The5ers |
---|---|---|
Managed amount |
up to USD 500,000 |
USD 100,000-250,000 |
% Profit split |
75% (with a possibility of an increase to 90%) |
50% with by-stage increase to 100% |
Profit split is one of the most interesting criteria for traders. Learn about the share of trading profit you can earn by traders with SurgeTrader and The5ers.
SurgeTrader vs The5ers - trading restrictions
Trading restrictions | SurgeTrader | The5ers |
---|---|---|
Scalping |
Allowed |
Tick scalping is prohibited |
News trading |
Allowed |
Allowed |
Algorithmic trading |
Allowed |
Allowed |
Mandatory Stop Loss |
Yes |
No |
Mandatory position closing before the weekend |
Yes |
No |
Other limitations |
Arbitrage and copying signals are prohibited |
Some prop trading companies have limitations for certain trading strategies. There can also be limitations for trading without Stop Loss, trading position rollover to weekend, etc.s
SurgeTrader vs The5ers - trading assets
Asset Name | SurgeTrader | The5ers |
---|---|---|
Forex |
Yes |
Yes |
Stocks |
Yes |
No |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes |
No |
Energy |
Yes |
No |
Indices |
Yes |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Others |
No |
No |
Most prop trading companies focus their trading on specific markets: stock, Forex, futures and options, and in some cases cryptocurrency. If you have a preference of a specific market, compare SurgeTrader and The5ers trading assets to make a better informed choice.
SurgeTrader vs The5ers - trading platforms
SurgeTrader | The5ers | |
---|---|---|
МТ4 |
Yes |
No |
МТ5 |
Yes |
Yes |
cTrader |
No |
No |
NinjaTrader |
No |
No |
Other |
No |
No |
Your capital is at risk.
|
Your capital is at risk.
|
Trading platform is very important to many traders, particularly those who already have experience of working with trading bots and strategies on one of them. Prop trading companies mostly offer to work with MT4, MT5 and cTrader Forex trading platforms as well as proprietary platforms of large brokers. Compare trading platforms of SurgeTrader and The5ers to make the best choice.
FAQs
Can anybody become a prop trader?
You don’t need special education and status to become a prop trader. The main selection criterion is the ability to trade successfully and meet company’s risk/reward requirements.
How to get funded as a trader
You need to select one or several companies that seem interesting to you, review their conditions, submit an application and pass the primary selection of traders. As a rule, prop trading companies offer educational courses or organize competitions on demo accounts, based on the results of which you can receive financing.
What are the main benefits of working with a prop company?
Firstly, you will be able to raise a substantial amount for trading, which will greatly improve your possibilities and potential profit. You will be able to use less risky strategies and earn decent income. Also, prop trading companies help traders to improve their professional level by offering educational courses, seminars, and exchange of experience.
How to choose a prop trading company
Choose one of the top prop trading companies for analysis.
Compare it with its key competitors using the criteria developed by TU experts.
Select the company that perfectly fits your trading strategy and style.
Submit an application and fulfill the conditions of a prop company.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).