SurgeTrader vs Maverick Trading - full comparison
| Feature | SurgeTrader | Maverick Trading |
|---|---|---|
Overall |
4.23 |
3.97 |
4.7 |
4 |
|
4 |
3.7 |
|
4.1 |
4.1 |
|
4.2 |
4.3 |
|
Benefits for Prop-trader |
3.9 |
3.8 |
4.5 |
3.9 |
|
|
Your capital is at risk.
|
SurgeTrader vs Maverick Trading: 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.
Founded in 2020, My Forex Funds is a proprietary trading firm based in Toronto, Canada. More than 40,000 traders from 120 countries were funded by this firm in one year, making it one of the fastest growing firms in the industry. There are a variety of programs available that can be adapted to different profiles of traders, even one does not require prior evaluation and you start with a real funded account. A profit sharing account can reach up to 85%, with a maximum size of $2,020,000 at your disposal. There are three different programs offered by My Forex Funds available on a one-time payment basis without recurring monthly fees. Rapid accounts offer 12% profit on day one while you pass the evaluation process. A range of $10,000 to $100,000 is available for funding. There are two stages in the evaluation process for the Evaluation account (the first stage targets 8% profit, and the second stage targets 5% profit). A range of $10,000 to $100,000 is available for equally funded accounts. There is no evaluation process in the Accelerated program, where you trade with a live account from day one. Account balances range from $2,000 to $50,000 and can reach $2 million. In general, the rules for complying with this prop firm vary based on the program selected, but the most common are: Maximum drawdown of 5% per day An overall drawdown of up to 12% is allowed Minimum of one trade per day for a minimum of three days per week is required
| SurgeTrader | Maverick Trading | |
|---|---|---|
| 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 | The company doesn’t set limits on the maximum purchasing ability, so you can increase it as your professionalism grows |
| 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 | Maverick offers terms for testing trading strategies without financial risks | |
| High income of the trader is 75% of the money earned | Trading in Maverick Trading is carried out at the expense of the company's capital, not the trader's funds | |
| 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% | The company doesn’t cooperate with novice traders without trading experience |
| 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 Maverick Trading - regulation and safety
| SurgeTrader | Maverick Trading | |
|---|---|---|
Regulators |
ASIC |
No |
Country of registration |
USA |
USA |
Year of establishment |
n/a |
1997 |
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 Maverick Trading by the above criteria.
SurgeTrader vs Maverick Trading - 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) |
Maverick Trading
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Qualification Program | 25 000 | Individual conditions | Individual conditions | Individual conditions | Individual conditions | Individual conditions | Depending on the experience of the trader |
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 Maverick Trading - profit split
| Profit split | SurgeTrader | Maverick Trading |
|---|---|---|
Managed amount |
up to USD 500,000 |
up to USD 800,000 |
% Profit split |
75% (with a possibility of an increase to 90%) |
up to 80% |
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 Maverick Trading.
SurgeTrader vs Maverick Trading - trading restrictions
| Trading restrictions | SurgeTrader | Maverick Trading |
|---|---|---|
Scalping |
Allowed |
All conditions are agreed upon individually |
News trading |
Allowed |
|
Algorithmic trading |
Allowed |
|
Mandatory Stop Loss |
Yes |
|
Mandatory position closing before the weekend |
Yes |
|
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 Maverick Trading - trading assets
| Asset Name | SurgeTrader | Maverick Trading |
|---|---|---|
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes |
No |
Energy |
Yes |
Yes |
Indices |
Yes |
Yes |
ETFs |
No |
No |
Bonds |
No |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
Yes |
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 Maverick Trading trading assets to make a better informed choice.
SurgeTrader vs Maverick Trading - trading platforms
| SurgeTrader | Maverick Trading | |
|---|---|---|
МТ4 |
Yes |
No |
МТ5 |
Yes |
No |
cTrader |
No |
No |
NinjaTrader |
No |
No |
Other |
No |
Affiliate Trading Platforms |
|
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 Maverick Trading to make the best choice.
FAQs
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.
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.
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.
Related Articles
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).