Traders With Edge

Surge Trader Alternative & Comparison

Surge Trader Alternative and Comparison, that’s what we’re going to be discussing today in this video.

So you can see up the top here, we have the prop firm and the challenge type. We have Traders With Edge Turtle, verse Traders With Edge Hare versus Surge Trader Audition. We’re using $100K account across the board. You can see the maximum account size after scaling is $3 million on the Traders With Edge account and it’s up to a million dollars on the Surge Trader. Most prop firms, if your trading well and consistently, they’ll continually top up your account and add to it so that it grows and you can trade a larger account. That’s what the account scaling means. The rapid scaling, Traders With Edge has a rapid scaling plan, which allows you to reach your $3 million account much faster than a traditional type scaling account would.

If you’re on the website, TraderswithEdge.com, go up to challenges. Under scaling plans, you’ll see a page that looks like this. You’ll see an organic and rapid scaling descriptions there. If you scroll down, there’s a video that describes both. There is some examples and some graphs to show you just how different the rapid scaling looks compared to a traditional scaling model. And if you scroll down further, you’ll notice we’ve built a calculator there that will help you to compare the different scaling models and how much more you would profit if you have a rapid scaling plan versus a traditional scaling plan.

Back to our Surge Trader alternative in comparison, if we scroll down, you’ll see the number of phases. For the Turtle and the Surge Trader Audition, they’re both one phase challenges, whereas the Traders With Edge Hare is a two phase. The price in US dollars is $750 for the Traders With Edge Turtle, $590 for the Traders With Edge Hare and $700 for the Surge Trader Audition. Keep in mind your account size after scaling. The Traders With Edge is obviously three times larger than the Surge Trader.

Is the fee refundable? On both the Traders With Edge Turtle and the Surge Trader Audition, it’s not refundable because it is a one phase challenge. And as soon as you pass that challenge, you go straight on to live funds. The Traders With Edge Hare, however, it is a refundable fee. So once you pass your challenge and you are eligible for your first payout. When you receive your first payout, you’ll also receive that $590 back. The target for phase one is 10% on all accounts. The target for phase two, well, there is no phase two on both the Turtle or the Surge Trader accounts because you would be already on a funded account by then. The Traders With Edge Hare on the other hand is a 5% target that you need to reach on the phase two, before you go onto the funded account.

The maximum drawdown is 5% on the Traders With Edge Turtle and the Surge Trader. It’s 10% on the Traders With Edge Hare. The daily drawdown is 2.5% on the Turtle, 5% on the Hare, and the maximum drawdown on the Surge Trader account is 4%. The profit share is 80% at Traders With Edge, and the profit share with Surge Trader is 75%. The minimum trading days on phase one is 10 days for Traders With Edge and it’s zero for Surge Trader. The minimum trading days on phase two is not applicable for the Turtle account or the Surge Trader. The minimum trading days for phase two is 10. The trading period for phase one is 365 days, so you have a full year to pass, and I believe it’s the same with the Surge Trader. The maximum trading days on the Traders With Edge Hare account is 30 days that you’ve got to complete the challenge. There is no phase two once again for the Turtle or the Surge Trader account, and you’ve got 60 days to pass the challenge with the Traders With Edge Hare account.

Can you hold over weekends? You can hold over weekends on the Traders With Edge Turtle account. You can’t hold over weekends with both the Traders With Edge Hare and the Surge Trader Audition. Can you use EAs? Yes, you can use EAs on all accounts. Traders With Edge, you need to ask for approval first. The main reason for this is that every prop trading firm has a rule that you can’t trade exactly the same strategy as everyone else, so you can’t copy everyone else’s trades. Otherwise, you’d have thousands of people trading exactly the same trade, all copying between each other’s accounts, and it wouldn’t be very good for the prop firm because it creates a lot of risk. That’s why we ask that you seek approval first. Some other prop firms will allow you to trade with EAs. And then if you’re trading the same strategy as someone else, you will lose your account. If you’ve bought an EA from the marketplace, the chance that you fail is pretty high because of this rule where you can’t trade exactly the same strategy as everyone else.

They both allow signals, yes. They both allow news trading, yes. There’s no free retry on the Turtle or the Surge Trader account because you’ve got a year to pass them. So there’s no point having a free retry. You do get a free retry with the Traders With Edge Hare account, though. If you’ve traded and the time has expired, you’re in profit, but you didn’t reach the profit target and you haven’t violated any rules, then you will be given a free retry to try that again. You can trade Forex on all accounts. You can trade digital currencies on all accounts. You can trade commodities on all accounts, indices and share and stock CFDs. Do the companies have trading competitions? The trading competitions, where you enter the competition and you trade a demo account, competing with other people online. And at the end of the period, whoever has generated the most profits without violating rules will win a free challenge account typically. Traders With Edge has this available, but Surge Trader currently doesn’t offer this. Do they have giveaways? Yes. Traders With Edge has regular giveaways. This is one of the giveaways that we had recently, where we gave away three $50,000 prop challenge accounts. All you had to do was enter your name and email address to enter the competition. This type of giveaway may be still available when you see this video and it may not. It just depends on the giveaway that we have going at the time.

If we scroll down, do they both have trader education? Yes, they do. Do they have affiliate programs? Yes, they both have affiliate programs that pay up to 20%. A Traders With Edge affiliate program pays up to 20% for the lifetime of the client. So if you referred someone today and they signed up and they purchased an account in six to 12 months time, you would still be paid on that referral. That’s kind of like having a passive income. That concludes our Surge Trader versus Traders With Edge comparison.

If you’ve got any questions, then please comment below or visit TraderswithEdge.com and talk to us on live chat. Alternatively, you can join the Telegram group. Thanks for watching. Have a great day.

The SurgeTrader is a proprietary firm headquartered in the heart of downtown Naples, Florida in the United States of America and was started on September 3, 2021. The project was born from the experience of seasoned Forex traders, brokers, and venture capitalists who believe that all a talented trader needs for success are capital and opportunity. Accelerating trader funding and helping profitable traders capitalize on their success was their mission.

The SurgeTrader origin story began with an innocent conversation in a Naples sushi restaurant between an FX broker, institutional trader and venture capitalist. The conversation, as it often does, turned to the markets and business and, finally, a discussion around why most speculative traders fail. The group realized that the reason is not lack of talent or poor risk management, but the need to over leverage trading accounts to make a meaningful return for the time invested by the trader.

SurgeTrader encourages its traders to succeed in their trading careers. It values and fosters trust with the trader community, and it aspires to transparency and openness.

SurgeTrader is backed by significant venture capital through their partner Valo Holdings. One of their missions is to make a difference through their philanthropy which is giving back to their communities and to provide service for anyone that needs a helping hand across the globe. They believe that thriving communities can change the world. Thus, enabling them to invest in time, funds and resources in social impact programs.

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 100K
  • $3 Million
  • Yes
  • 1
  • $750.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 100K
  • $3 Million
  • Yes
  • 2
  • $590.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Surge Trader Audition

$ 100K
  • $1 Million
  • 1
  • $700.00
  • 10%
  • N/A
  • 5%
  • 4%
  • 75%
  •  
  • N/A
  • 365
  • N/A
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 20%

Choose your account type

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