Surge Trader Review

Everything you need to know about Surge Trader Proprietary Firm

About SurgeTrader

Surge Trader is a US-based prop firm located in Naples, Florida. Surge traders started operations in 2021 and have set themselves up to be the prop firm that offers simple straightforward rules with a wide range of financial instruments. SurgeTrader is looking to fund competent traders who can demonstrate their skills and discipline. If that’s you, then keep reading.

IS SURGE TRADER LEGIT?

They are completely legit. They have great customer service. Read on to see more about them and all the verifiable proofs alongside traders’ reviews on Trust Pilot.

How do I get Funded by SurgeTrader?

To access capital from SurgeTrader you are required to take an audition to assess your skills, risk management, and profitability as a trader. You will have to pay a one-time fee that ranges from $250 – $6500 depending on the account size you’re aiming for. All SurgeTrader Audition accounts are demo accounts with virtual funding

package

starter

intermediate

seasoned

Advanced

expert

master

Account size

$25,000

$50,000

$100,000

$250,000

$500,000

$1,000,000

Audition fee

$250

$400

$700

$1800

$3500

$6500

Profit target

10%

$2500

10%

$5000

10%

$10,000

10%

$25,000

10%

$50,000

10%

$100,000

What’s the SurgeTrader Profit Split?

Surge trader offers its traders 75% of profits on all account sizes

(Account Sizes)

Surge Trader currently offers 6 account sizes. Below are all the account sizes explained with profit targets

All you need to do to pass the Surge Trader Audition is simply generate a return of 10% in your account without hitting the daily drawdown of 4% or a maximum trailing drawdown of 5%.

Take the audition at your own time at your own pace: No 30-day assessment period. No minimum trading days

The audition is a one-phase with a one-time fee. No subsequent subscription or hidden charges. It has realistic expectations and allows traders the freedom to use any strategy without time restrictions. All things considered; surge trader auditions are one of the easiest to pass when compared to other prop firms out there.

If you didn’t pass the audition the first time, no worries. You can take it again.

As soon as you pass the auditions, you’ll receive an automatic email notification with your new, live, account credentials. SurgeTrader will get you into a funded account ready for you to trade, subject to the same risk management rules without a profit target.

Traders can scale up to the next largest account size and earn at least 2x more buying power. Each time you pass the Audition with a 10% profit target, you’ll be given the option to scale to the next highest account.

Traders on the $25K Starter Account, for example, can choose to scale their account four times, to achieve an account with a starting balance of $500,000.

  • Surge trader requires all its traders to use a stop-loss required for each trade when its executed
  • Surge trader does not permit weekend trades— that means all positions closed on Friday at 3:55 PM EST

Other than that, you’re good to go. You can even trade news events if you want to.

SurgeTrader allows you to trade with Forex, cryptocurrency, metals and energy, stock indices, and lots of individual stocks.

SurgeTrader operates on two platforms Mt4 and Mt5 integrated with the technology with a broker Eightcap – Eightcap M4 and Eightcap M5. here’s a screenshot of their dashboard.

SurgeTrader Leverage and Lot size are explained below

Traders may have a maximum number of open lots with a risk equal to 1/10000 the size of their account. Below are the maximum open lots across all pairs that a trader can have at any given time.

 

  • $25K – 2.5 lots with risk
  • $50K – 5 lots with risk
  • $100K – 10 lots with risk
  • $250K – 25 lots with risk
  • $500K – 50 lots with risk
  • $1 million – 100 lots with risk

Note: According to the official support, the lost above are maximum available lots with risk, your account still has margin requirements, and you may not be able to trade up to the maximum lots listed above if you do not have the margin available. For example, if you are in the $100k plan you will have 10 open lots with risk available.

If you buy 5 lots of EURUSD at 1.20 and your stop loss is at 1.18, you would have 5 lots on with risk, so you would have 5 still available. If the EURUSD moves up to 1.25, and you update your stop loss to be at 1.20, which would be your open price, you no longer have risk on that trade. So, you would again have 10 lots available, even though you currently have 5 lots open.

In the event that you put on too many trades with risk, then our system will liquidate all trades that currently have risk.

This is only considered a soft breach though, which means, even though you violated the rule, you can continue trading, and should you reach your 10% profit target (without violating daily or maximum loss limits), you would be upgraded to a live funded account.

Surge allows you to make withdrawals at any time for the first time, but after that no more frequently than every 30-days. As you make your withdrawal, surge trader also withdraws its share of the profits, and your new equity will be marked down by the total amount of funds withdrawn.

Rest easy, surge trader allows you to request a free trial so you can familiarise yourself with their platform, and trading rules, practice, hone your skills and improve your strategies, and generally get the feel of what it’s like trading with them.

They also have a very informative FAQ page to give you more details on the company and its operations. Plus, hey have live chat support on their site, active social media handles, and toll-free numbers.

In conclusion, SurgeTrader is a legitimate proprietary trading firm that offers traders a chance to choose between different evaluation program account sizes.

Evaluation programs are a one-phase evaluation challenge that requires the completion of one phase before becoming funded and being eligible to earn profit splits. SurgeTrader requires traders to reach a profit target of 10% before becoming funded, which are realistic trading objectives considering you have a 4% maximum daily loss and 5% maximum trailing drawdown rules to follow. With evaluation programs, you can earn 75% profit splits while also being able to scale your accounts (except for $500,000 and $1,000,000 accounts).

I would recommend SurgeTrader to anyone who is looking for a prop firm with straightforward trading rules. While they are still a relatively new firm, they offer excellent conditions for a big pool of individuals with unique trading styles. After considering everything SurgeTrader has to offer, they are for sure one of the industry-leading prop firms.

Please refer to the following pages of our website to read about similar other Prop Firms leading the industry such as: The Funded Trader Review

We come from the same world you do. We’re also traders. We used that experience to develop and optimize the best programs for our traders. We want traders to pass the SurgeTrader Audition, become successful traders, and receive payouts or scale their accounts up to $1 million in virtual funds. So, we’ve developed a program with straightforward, simple trading rules. We’ve made it easy to track your performance with our industry-leading platform and dashboards.

Becoming a successful trader is a challenge. You spend countless hours honing your skills, studying the market, and practicing sound risk management just to find a few good trades. You’ve put in the work, and now it’s time to capitalize on that hard work with a virtually funded account. After all, one of the most pressing challenges for positive traders is undercapitalization – trading accounts that are too small.

You keep up to 90% of the gains as a virtually funded trader. For example, if your trading skills yielded a 30% return in one month, but you only have $5,000 with which to trade, a 30% return probably isn’t worth the time you spent. But with $1 million in virtual funds, a 30% return where you keep up to 90% is an incredibly richer return on your valuable time.

Trading is a risky business, though; even successful traders have periods when they break even or incur losses. An undeniable benefit of trading with SurgeTrader is that you are not responsible for any losses. All losses are covered by SurgeTrader.

More than just having the opportunity to trade a large account with virtual capital, SurgeTrader improves your trading by requiring you to adhere to our straightforward trading rules, which promote strong risk management while not restricting your trading decisions. Eliminate over-trading, revenge trading, or over-leveraging. Our traders find that they learn to manage risk more responsibly simply by joining the SurgeTrader team.

Anyone age 18 and older can trade with SurgeTrader. If you can successfully pass the SurgeTrader Audition demonstrating your skills and responsible risk management, then you can be manage virtual funds with SurgeTrader. Business entities may also become traders. If you use the SurgeTrader services on behalf of a business entity or other third-party, then you must represent that you have actual authority to act as an agent of that business entity or third-party, and that you have the right and ability to agree to and bind that third-party or business entity to SurgeTrader’s Terms and Conditions on behalf of that business. You must also provide business entity documentation showing the person purchasing the account as a principal.

Absolutely! We’re not a fly-by-night company; we have provided virtual proprietary trading Auditions and simulated Accounts with virtual funds for over 2 years and have a 100% payout record since our inception.

Based in Naples, Florida, SurgeTrader is a well-funded virtual proprietary trading firm, funded by a venture capital group and holding company.

​SurgeTrader was born from the experience of a few seasoned traders — and that experience led to SurgeTrader’s singular mission: Accelerate trader results. Help outstanding traders capitalize on their success.

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