SurgeTrader vs Topstep - full comparison
| Feature | SurgeTrader | Topstep |
|---|---|---|
Overall |
4.23 |
4.28 |
4.7 |
4.4 |
|
4 |
4.1 |
|
4.1 |
3.6 |
|
4.2 |
4.5 |
|
Benefits for Prop-trader |
3.9 |
4.4 |
4.5 |
4.7 |
|
|
Your capital is at risk.
|
Your capital is at risk.
|
SurgeTrader vs Topstep: 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.
Topstep has the brand strength and reputation that traders rely on as an industry leader and one of the Inc. 5000 fastest-growing companies in the United States. To engage in their funded account program, every trader begins with the Trading Combine. You can open a real-time virtual futures account with $50,000, $100,000, or $150,000 in purchasing power. After the Trading Combine, you will receive a funded trading account if you demonstrate consistent profitability and risk management. Topstep sends funds to your account and allows you to trade in real-time with their capital without taking any personal risks. After only eight trading days, traders can earn a funded account. The amount funded is equal to the plan chosen for the Trading Combine. Topstep is also extremely efficient in processing payouts daily, completing payouts requested before 10 a.m. CT the same day.
| SurgeTrader | Topstep | |
|---|---|---|
| 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 | Real trading accounts are financed by a broker, there is no need to invest your funds in 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 | The company provides a wide range of free training materials, including free group coaching | |
| High income of the trader is 75% of the money earned | You can contact the support team using several convenient methods | |
| A wide range of assets includes more than 100 instruments as well as cryptocurrencies | The broker offers a referral program for extra income | |
| 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 offer bonuses, automated trading, or other passive income options |
| Tough conditions. The daily drawdown is no more than 5%, and the maximum loss is up to 4% | The support service works only on weekdays during set hours | |
| Small leverage. Depending on the asset type, the leverage is 1:2 - 1:10 |
SurgeTrader vs Topstep - regulation and safety
| SurgeTrader | Topstep | |
|---|---|---|
Regulators |
ASIC |
No |
Country of registration |
USA |
USA |
Year of establishment |
n/a |
2012 |
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 Topstep by the above criteria.
SurgeTrader vs Topstep - 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) |
Topstep
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Trading plan 1 | 50 000 | 5/no limitations (under conditin of monthly payment of subscription) | 3000 | 1000 USD | 2000 USD | 1:100 | 165/month |
| Trading plan 2 | 100 000 | 6000 | 2000 USD | 3000 USD | 325/month | ||
| Trading plan 3 | 150 000 | 9000 | 3000 USD | 4500 USD | 375/month |
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 Topstep - profit split
| Profit split | SurgeTrader | Topstep |
|---|---|---|
Managed amount |
up to USD 500,000 |
n/a |
% Profit split |
75% (with a possibility of an increase to 90%) |
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 Topstep.
SurgeTrader vs Topstep - trading restrictions
| Trading restrictions | SurgeTrader | Topstep |
|---|---|---|
Scalping |
Allowed |
Allowed |
News trading |
Allowed |
Allowed |
Algorithmic trading |
Allowed |
Allowed |
Mandatory Stop Loss |
Yes |
No |
Mandatory position closing before the weekend |
Yes |
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 Topstep - trading assets
| Asset Name | SurgeTrader | Topstep |
|---|---|---|
Forex |
Yes |
No |
Stocks |
Yes |
No |
Metals |
Yes |
No |
Cryptocurrencies |
Yes |
No |
Energy |
Yes |
No |
Indices |
Yes |
No |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
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 Topstep trading assets to make a better informed choice.
SurgeTrader vs Topstep - trading platforms
| SurgeTrader | Topstep | |
|---|---|---|
МТ4 |
Yes |
No |
МТ5 |
Yes |
No |
cTrader |
No |
No |
NinjaTrader |
No |
Yes |
Other |
No |
TSTrader , TradingView , MotiveWave, ATAS |
|
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 Topstep to make the best choice.
FAQs
What amount can I get as a funded trader?
Trading plans of prop companies are developed taking into account individual financial abilities and needs of traders. As a rule, beginners are offered plans from $10,000 to $25,000. Successful traders can attract up to $1 million in management.
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.
What percentage of trading profit can I withdraw?
As a rule, upon expiry of an established trading period, traders can withdraw from 50% to 90% of profit. Everything depends on the conditions of a specific trading plan. Prop companies often incentivize successful traders by offering them a higher percentage of payouts and additional bonuses.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.