Surge Trader Review (10% discount code: FPREVIEWS10OFF)

SurgeTrader encourages its traders to succeed in their careers. They are enabling them to earn more profits on their trading activity. To become a funded trader you must first pass an audition to demonstrate your skills and discipline as a competent trader. Upon successful completion, you are rewarded with a 75% profit split on your future payouts.

Who are SurgeTrader?

SurgeTrader is a proprietary firm that is based in the United States, Florida offering motivated traders up to $1,000,000 in funding with a profit split of 75%. They have integrated their technology with a broker EightCap, which is an ASIC-regulated broker in Melbourne, Australia.

They are a registered company under the official name Surge Capital Ventures, LLC, with a registration authority ID RA000603.

Surge Capital Ventures, LLC was opened on 03 Sep 2021 as Limited Liability Company type, registered at 405 5TH AVENUE SOUTH NAPLES, FL 34102.

However, according to their response on Trust Pilot review they have been operating since June.

Company Surge Capital Ventures, LLC has been operating for 2 months, and 27 days.

Their offices are located at an address, 405 5th Avenue South, Naples, Florida 34102.

Video Review

Funding program options

SurgeTrader offers its traders capital ranging from $25,000 up to $1,000,000. The price of these accounts is ranging from $200 for the $25,000 account, all the way to $6,500 for the $1,000,000 account. They offer up to 10:1 leverage for forex pairs, metals, oils, and indices. Individual stocks receive 5:1 leverage and cryptocurrencies receive 2:1 leverage, while the account funding is in USD.

The Audition Process is made just out of 1 Phase with a Profit Target of 10%. It has no minimum trading days and no 30-day assessment period.

The profit split is 75%, with a maximum daily drawdown of 4% and a maximum trailing drawdown of 5%. You are allowed to trade forex pairs, cryptocurrency, metals and energy, stock indices, and 90 individual stocks which makes it compatible with a large variety of traders.

SurgeTrader allows its traders to trade on the MT4 platform, which is considered the universal platform over-the-counter trading industry. They also allow overnight holding, while weekend holding is not allowed.

What makes SurgeTrader different from any other prop firm?

SurgeTrader is different from most industry-leading firms due to having an Audition Process made out of just 1 Phase.

Compared to other prop firms, SurgeTrader has a low leverage rate ranging from 10:1 to 2:1 and an average Profit Target of 10%. Comparing that to other firms that have 2 Phase Evaluation Processes like FTMO, My Forex Funds, and True Forex Funds, this makes it less difficult to achieve successfully.

The Audition Process also has no minimum trading days, meaning that it makes it possible to complete in a shorter period than at other prop firms such as FTMO, which have a 10-day minimum trading days rule, and My Forex Funds which have a 5-day minimum trading days rule.

In conclusion, getting funded by SurgeTrader can be acquired by a lot of different trading strategies, since they have relatively relaxed trading rules and have a widespread of trading instruments that you can use.

Is getting SurgeTrader capital realistic?

When looking at prop firms that best suit you and your forex trading style, it’s important to look at how realistic the trading requirements are. For example, a company offering a high % profit split on a highly funded account sounds great but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

After adding all of that into consideration SurgeTrader is a good choice to get funded with. This is since you only have to pass a 1 Phase Audition Process, where you are obliged to use stop-losses for every trade you make.

The rules of the Audition Process are realistic since the profit Target is 10% with a daily drawdown of 4% and a maximum trailing drawdown of 5%. Overnight holding is also allowed which is great for every trader that is looking to work with capital up to $1,000,000.

Payment proof

SurgeTrader is a relatively new proprietary firm launched in June 2021 according to their response on Trust Pilot review and registered on the 3rd of September which means there is still no information about payment proof.

SurgeTraders can request their withdrawals at any time for the first time, but after that no more frequently than every 30-days. You are entitled to a profit split of 75%. When the withdrawal is requested. SurgeTrader also withdraws its share of the profits, and your new equity will be marked down by the total amount of funds withdrawn.

With that being said we will keep you updated once more payment proof is available.

Which broker does SurgeTrader use?

SurgeTrader has integrated its technology with a broker EightCap, which is an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, clear mission to provide exceptional financial services to their clients. They have 5 offices around the globe and regulation in multiple locations providing clients all over the world with the ability to trade on markets across FX, indices, commodities, and shares.

EightCap is considered average-risk, with an overall Trust Score of 73 out of 99. They have the following features:

1. Forex Trading
2. CFD Trading
3. Cryptocurrency Trading
4. Social Trading/Copy-Trading
5. A total of 326 Tradeable Symbols
6. A total of 45 Forex Pairs

They offer two account types, one being Raw and the other one Standard, the commissions and fees will depend on which of the two you choose. Fees for Standard accounts are built into a spread and for Raw accounts into a commission. Another fee you should always consider is the overnight fee, which is an interest for holding a position open overnight in trading. They allow leverage of 1:30, with specific restrictions according to the trading size you are operating with.

Being a MetaTrader only broker their offers are MetaTrader 4 and the newer MetaTrader 5 platforms from MetaQuotes Software Corporation.

They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for you to trade on and have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards for doing so.

SurgeTrader provides their traders with real accounts once they pass the Audition.

Trading instruments

SurgeTrader offers a large variety of Trading Instruments. You are allowed to trade forex pairs, cryptocurrency, metals and energy, stock indices, and 90 individual stocks.

Education & Support for traders

SurgeTrader does not provide any additional educational programs.

They do offer an option to request a free trial by emailing support@surgetrader.com, so you can familiarize yourself with our platforms, trading rules and get a sneak peek of what it’s like trading with SurgeTrader. The free trial lets new traders practice, hone their skills, and improve their trading strategies. Completing the free trial means that you have a great chance of being successful in the SurgeTrader Audition.

Note that successfully passing the free trial does not provide eligibility to a funded trader account, only when you pass the SurgeTrader Audition do you become a funded trader.

Traders’ comments about SurgeTrader

SurgeTrader has great feedback from their reviews.

As previously mentioned SurgeTrader is a relatively new proprietary firm. Out of 43 reviews on Trustpilot, they have an excellent rating of 4.4/5 rating.

SurgeTraders community has positive feedback on their responsive and helpful customer support. Another positive comment was made for the incredibly simple dashboard and the few simple rules that constantly remind you of what you aren’t allowed as your trading strategy.

You can see all the reviews here.

Social media statistics

SurgeTrader can also be found on social media.

They have a:

• Linkedin page with 68 followers
• Facebook page with 188 followers
• Twitter account with 5,432 followers
• Instagram profile with 16,1k followers
• Youtube channel has 37 subscribers with five uploaded videos. 

Support

SurgeTrader has an FAQ page where you can find all the information that you need about the firm. 

The support team is available on their social media or you can contact them directly on their email support@surgetrader.com.

They also have live chat support from 7 AM to 3 PM (CE(S)T).

For any further information, you can also contact SurgeTrader through telephone numbers:

• 866-998-0883 (Toll-free)
• 239-829-8438 (Direct)

Conclusion

In conclusion, SurgeTrader is a legitimate proprietary trading firm offering funding upon completing its Audition Process. With funding from $25,000 up to $1,000,000 in balance with a 75% profit split and 30-day withdrawal requests. It’s a great firm for new traders because of the stop-loss rule that has to be made for every trade, as well as experienced traders because of the possibility to get a funded $1,000,000 in balance trading account.

I would recommend SurgeTraders to anyone who is getting consistent results with their trading strategies and looking to trade with an account with a balance of up to $1,000,000. While they are still a relatively new firm, they are offering great conditions with the 1 Phase Audition Process for a variety of traders with different strategies. Compared to True Forex Funds and My Forex Funds this is a major difference as they both have 2 step Evaluation Processes.

This review of SurgeTrader was lastly updated on 05.05.2022 at 10:34 CE(S)T.

So, what do you think about the layout of the Proprietary Trading firm? Does Surge Trader have the instruments that you want to trade?

Let us know if you enjoyed our Surge Trader Proprietary Trading firm review!

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