SurgeTrader vs Fidelcrest - full comparison
| Feature | SurgeTrader | Fidelcrest |
|---|---|---|
Overall |
4.23 |
4.25 |
4.7 |
3.8 |
|
4 |
4.4 |
|
4.1 |
4 |
|
4.2 |
4 |
|
Benefits for Prop-trader |
3.9 |
4.5 |
4.5 |
4.8 |
|
|
Your capital is at risk.
|
Your capital is at risk.
|
SurgeTrader vs Fidelcrest: 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.
Fidelcrest offers few accounts to suit different types of traders, providing access to more than 1,000 financial instruments. Known for its robust training programs and exceptional support services, the prop firm offers profit splits of up to 90%. There are two main accounts available at Fidelcrest, Micro Trader and Pro Trader, both of which offer Normal and Aggressive settings. Each risk type is funded at three different levels. Depending on the risk type, the Micro account has funding between $15,000 and $60,000. A difference between the two lies in the profit targets, the minimum number of trading days, and the maximum loss limits. Micro Trader, for example, has a maximum overall loss limit of 10% and a profit target of 5%. There is a maximum loss of 20% with Aggressive risk, and a maximum profit target of 15%. Currently, ProTrader accounts are funded between $250,000 and $1 million, of which $1 million is only available for Normal Risk accounts. Both accounts can be leveraged up to 1:100. Each account type is evaluated in two steps, depending on the minimum number of trading days, maximum daily loss limit, and maximum overall loss limit. The KYC program at Fidelcrest requires that you submit documents in addition to meeting the trading parameters.
| SurgeTrader | Fidelcrest | |
|---|---|---|
| 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 | One-time subscription, not monthly like other prop trading firms |
| 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 | Bonuses in the form of an accelerated plan, free additional account and doubling the capital | |
| High income of the trader is 75% of the money earned | ||
| A wide range of assets includes more than 100 instruments as well as cryptocurrencies | ||
| No risk. If the maximum loss and drawdown requirements are met, the loss is covered by SurgeTrader | ||
| 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% | Expert Advisors, trading robots and copy trading are prohibited |
| 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 Fidelcrest - regulation and safety
| SurgeTrader | Fidelcrest | |
|---|---|---|
Regulators |
ASIC |
No |
Country of registration |
USA |
Cyprus |
Year of establishment |
n/a |
2018 |
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 Fidelcrest by the above criteria.
SurgeTrader vs Fidelcrest - 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) |
Fidelcrest
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Pro Trader Normal | 250 000 | 0/60 | 10% | 5% | 10% | 1:100 | |
| 999 EUR (one-time payment) | |||||||
| 500 000 | 10% | 1899 EUR (one-time payment) | |||||
| 1 000 000 | 10% (Stage1) 5% (Stage 2) | 2999 EUR (one-time payment) | |||||
| Pro Trader Aggressive | 250 000 | 20% | 10% | 20% | 999 EUR (one-time payment) | ||
| 1999 EUR (one-time payment) | |||||||
| 500 000 | 20% | 3499 EUR (one-time payment) | |||||
| Micro Trader Normal | 15 000 | 0/60 | 10% (Stage1) 5% (Stage 2) | 5% | 10% | 1:100 | 99 EUR (one-time payment) |
| 30 000 | 199 EUR (one-time payment) | ||||||
| 60 000 | 299 EUR (one-time payment) | ||||||
| Micro Trader Agressive | 15 000 | 15% | 10% | 20% | 199 EUR (one-time payment) | ||
| 30 000 | 299 EUR (one-time payment) | ||||||
| 60 000 | 399 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 Fidelcrest - profit split
| Profit split | SurgeTrader | Fidelcrest |
|---|---|---|
Managed amount |
up to USD 500,000 |
up to USD 2 million |
% Profit split |
75% (with a possibility of an increase to 90%) |
80%-90% |
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 Fidelcrest.
SurgeTrader vs Fidelcrest - trading restrictions
| Trading restrictions | SurgeTrader | Fidelcrest |
|---|---|---|
Scalping |
Allowed |
Allowed |
News trading |
Allowed |
Allowed |
Algorithmic trading |
Allowed |
Allowed individually |
Mandatory Stop Loss |
Yes |
No |
Mandatory position closing before the weekend |
Yes |
No |
Other limitations |
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 Fidelcrest - trading assets
| Asset Name | SurgeTrader | Fidelcrest |
|---|---|---|
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes |
Yes |
Energy |
Yes |
Yes |
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 Fidelcrest trading assets to make a better informed choice.
SurgeTrader vs Fidelcrest - trading platforms
| SurgeTrader | Fidelcrest | |
|---|---|---|
МТ4 |
Yes |
Yes |
МТ5 |
Yes |
No |
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 Fidelcrest to make the best choice.
FAQs
Is prop trading a scam or not?
Prop trading is not a scam, although scam companies do sometimes operate in this market. Choose the leaders of the TU rating, which passed several stages of preliminary selection. This will help you to reduce your risks.
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.
Do prop trading companies operate legally?
Prop trading companies operate in the market for many years and value their reputation, therefore organizing their activities in compliance with the law. Companies from the U.S., the UK, Australia and other countries with a high legal culture are considered the most reliable.
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.
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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).