SurgeTrader Review

Countless tales have been told of exceptional businesses that were born in humble garages or basements. SurgeTrader is an example of such success, having been conceived during a discussion at a sushi eatery in Naples between a foreign exchange broker, an institutional trader, and a venture capitalist.

SurgeTrader propels traders toward success in their professional endeavors, allowing them to make increased earnings from their trading. Aspiring to be a funded trader, one must first pass a review to exhibit their aptitude and integrity as a skilled trader. Following successful completion, you'll enjoy a 75% to 90% profit division on subsequent earnings.

Who are SurgeTrader?

Based in Florida, USA, SurgeTrader is a proprietary trading firm providing driven traders with up to $1,000,000 in funding, along with a profit share of 75% to 90%. Their technological partnership with EightCap, an ASIC-regulated broker situated in Melbourne, Australia, has been established.

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Incorporated in Delaware in August 2021 and Florida in September 2021, SurgeTrader's offices can be found at 405 5th Avenue South, Naples, Florida 34102.

Who is the CEO of SurgeTrader?

The CEO of Surge Trader is Jana Seaman. She aims to deliver financial solutions and backing to assist companies in attaining significant success. Her organization offers a diverse array of resources, including leadership development, employee integration, business operations, capital, and more. Focusing on technology, finance, and automotive sectors, VALO Holdings aids businesses in achieving meaningful, ongoing growth.

With an extensive understanding of effective market trading, Jana's family and the SurgeTrader team hold critical knowledge in establishing a satisfying livelihood. Their insight significantly shapes SurgeTrader's present mission: to accelerate trader funding by offering access to institutional assets, particularly their proprietary funds.

Since inception, SurgeTrader's growth and community spirit have been incredible. Watching traders reap remarkable returns and maintain a successful career through trading has been truly motivating. This organization allows skilled traders to reach financial autonomy and follow their authentic interests. The satisfaction gained from aiding others in self-empowerment is priceless.

Funding program options

SurgeTrader grants traders a single-step evaluation scheme with six various account dimensions.

Evaluation program accounts

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SurgeTrader's evaluation plan aims to recognize committed traders and empower them to maximize earnings. They are acknowledged for their steady performance during the one-stage evaluation period, with a leverage of up to 1:20.

To become funded, you must hit a profit goal of 10% without exceeding a 5% daily loss or 6% trailing drawdown. There are no minimal or maximal trading days; you simply need to reach the profit target.

Upon finishing the evaluation phase, you receive a funded account with no profit targets, adhering only to the 5% daily loss and 6% trailing drawdown. Payouts can be requested every 30-calendar day period after the initial profit split.

Evaluation program account scaling plan

This account also includes a scaling plan, requiring a 10% profit target based on the initial balance. The scaling is up to $1,000,000, but no profit split is available if you scale your account.

Evaluation Program Account Guidelines

• Profit Goal: This represents a fixed percentage of earnings that traders must reach in order to conclude the evaluation stage, cash in profits, or escalate their account. Within evaluation schemes, the profit goal is set at 10%, whereas funded accounts don't have established profit objectives.
• Daily Loss Cap: This is the ultimate loss that a trader can incur in one day before the account becomes infringed. For all account sizes, the daily loss must not exceed 5%.
• Max Trailing Drawdown: This refers to the greatest decline in value equal to the difference between the account's peak balance and its lowest point. Each account size has a trailing drawdown restriction of 6%.
• Mandatory Stop-Loss: This provision obliges traders to establish a stop-loss for each position as a prerequisite to initiating a trade.
• Lot Size Restrictions: Traders are commanded to adhere to particular lot sizes for distinct trading commodities. This is generally determined by the prop firm's initial account balance. Below are the maximum lot capacities, relative to the account size:
• $25,000 – 2.5 lots
• $50,000 – 5 lots
• $100,000 – 10 lots
• $250,000 – 25 lots
• $500,000 – 50 lots
• $1,000,000 – 100 lots
• Risks of Third-Party Copy Trading: If you plan to utilize copy trading utilities, be aware that employing a third-party service may expose you to other traders with identical strategies. This could lead to a denial of a funded account or withdrawal if you breach the capital allocation limit.
• Third-Party EA (Expert Advisor) Hazards: If you aim to employ an Expert Advisor, understand that using a third-party version could match you with other traders employing the same strategy. This risk could result in the refusal of a funded account or withdrawal if the capital allocation rule is surpassed.

Add-on options for your evaluation program accounts

• No stop-loss required: 10% price increase.
• Double leverage for forex pairs and metals: 25% price increase.
• 90% profit split: 10% price increase.

Remember, you can select one or multiple add-ons according to your individual preferences!

What Distinguishes SurgeTrader from Other Trading Firms?

SurgeTrader stands out from a majority of top-tier prop firms due to its lenient approach to regulating your trading methodology. With SurgeTrader, there's no obligation for minimum or maximum trading days, and traders are allowed to operate during significant news events, maintain positions overnight, and even through weekends.

In contrast to its competitors, SurgeTrader's assessment procedure consists of a singular-phase that mandates traders to meet a specified profit goal to qualify for disbursements. This includes a 10% profit objective along with other rules like a 5% daily loss ceiling, 6% trailing drawdown limit, necessary stop-losses, and restrictions on lot size. Remarkably, there are no constraints on the trading days period. Moreover, there is a provision for account scaling within the evaluation program.

In sum, SurgeTrader's unique aspect is its minimal interference with your trading strategy, complemented by no enforced minimum or maximum trading day period, thus offering flexibility that encourages trading without pressure.

Is Obtaining Capital from SurgeTrader Feasible?

When choosing among prop firms for one that aligns with your forex trading approach, evaluating the practicality of the trading requirements is crucial. While enticing offers like a substantial profit split with a generously funded account may seem appealing, unrealistic expectations for gains and drawdowns may render success nearly unattainable.

With SurgeTrader, acquiring capital through the evaluation accounts is generally achievable, given the reasonable 10% profit goal and standard loss limits (5% daily loss cap, 6% trailing drawdown ceiling).

After thorough consideration, SurgeTrader emerges as an ideal platform for funding, since the evaluation accounts present attainable trading targets and conditions for receiving payments.

Evidence of Payments

Founded in June 2021 and registered on September 3rd, SurgeTrader grants traders the ability to request withdrawals initially at any moment and subsequently no more frequently than every 30 days. Entitlements to profit shares range from 75% to 90% with particular add-ons. Upon withdrawal, SurgeTrader retrieves its portion, and your balance reflects the total withdrawn amount.

Payment validations are primarily found on SurgeTrader's Instagram, where they display trader payouts. Three exemplary payment certifications include:

1. A $9,081 disbursement to John T., a U.S. based trader.

2. An $8,504 payment to E. W., a Canadian trader.

3. A $2,250 payout to M. O., a Swedish trader.

Further payment verifications can be found on SurgeTrader's Discord under the “payout-proof” section.

Which Broker is Associated with SurgeTrader?

SurgeTrader collaborates with Eightcap, an ASIC-regulated broker headquartered in Melbourne, Australia, established in 2009. Committed to providing premium financial services, Eightcap operates five global offices and offers trading across various markets, including FX, commodities, indices, and shares.

With a Trust Score of 73/99, Eightcap provides:

• Forex Trading
• CFD Trading
• Cryptocurrency Trading
• Social/Copy-Trading
• 326 Tradeable Symbols
• 45 Forex Pairs

They present two account options: Raw and Standard, each with distinct commission and spread structures, plus an overnight fee for holding positions.

As a MetaTrader-exclusive broker, they provide MetaTrader 4 and MetaTrader 5 platforms, earning accolades for excellence, such as the Best Global Forex MT4 Broker in 2020.

SurgeTrader itself has seen continued success, winning two awards for their outstanding services in 2022 & 2023:

• Traders Union – Best prop trading firm of 2022
• Benzinga – Best overall prop trading firm of 2023

SurgeTrader offers genuine accounts to those who successfully pass their Audition phase.

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Trading Instruments Provided by SurgeTrader

SurgeTrader is equipped with a broad array of Trading Instruments. It permits traders to engage in forex, cryptocurrency, metals, energy, stock indices, and 90 unique stocks, all leveraged at a maximum of 1:20.

Commission and Fees for Trading

Here's a detailed look at the trading commission structure:

For information on live spreads, please login using the following details:

Platform: MetaTrader 4

Server: EightcapLtd-Demo2

Login Number: 20180408

Password: SXhfhCnh

Download Platform: Click here

Educational Programs and Support for Traders

SurgeTrader refrains from offering specialized educational modules but does present the opportunity to request a free trial.

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By contacting support@surgetrader.com or completing an online form, newcomers can acquaint themselves with SurgeTrader's platforms and regulations. This trial facilitates practice, skill refinement, and strategy enhancement. Completion does not guarantee eligibility for funded trader status but augments the likelihood of triumphing in the SurgeTrader Audition.

Feedback from SurgeTrader's Traders

SurgeTrader's community has expressed substantial appreciation.

On Trustpilot, it has been well-received, earning a 4.5/5 rating from 456 reviews.

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Commendations were particularly directed towards responsive customer service, a user-friendly dashboard, and lucid trading rules. All reviews can be accessed here.

Presence on Social Media Platforms

SurgeTrader maintains an active presence on various platforms:

• LinkedIn with 1,580 followers
• Facebook with 3,310 followers
• Twitter with 6,683 followers
• Instagram with 33.2k followers
• YouTube channel with 3.39k subscribers and 147 videos

SurgeTrader's Discord channel further facilitates community interactions.

Customer Support and Assistance

SurgeTrader's FAQ page houses essential information, and its support team can be reached via social media or at support@surgetrader.com. The nearly round-the-clock live chat and telephone lines:

• 866-998-7652 (Toll-free)
• 239-944-5317 (Direct)

Moreover, inquiries can also be addressed on the Discord channel.

Final Thoughts

SurgeTrader emerges as an authentic proprietary trading firm, offering an array of evaluation program account sizes. The one-phase evaluation challenge concludes with funding and profit-split eligibility once a 10% profit target is attained. The realistic goals set, considering the 5% daily loss and 6% trailing drawdown rules, enable earning between 75% and 90% profit splits, with scalability options.

SurgeTrader is great for those seeking clear trading regulations within a prop firm. Though relatively nascent, SurgeTrader caters to various trading styles, earning its place among leading prop firms in the industry.

This SurgeTrader review was last refreshed on 19.07.2023 at 12:39 CE(S)T.

So, have you found Surge Trader's layout and trading instruments appealing? Share your thoughts about our review of the Surge Trader Proprietary Trading firm!

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