SurgeTrader is a prop trading firm based in the USA.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from SurgeTrader.
Here’s what you’re going to learn:
SurgeTrader is a prop firm located in Naples, Florida, USA. It was founded recently, in 2021.
SurgeTrader is a prop firm that funds traders to trade Forex and other CFDs trading assets.
Here’s a list of all of them:
SurgeTrader funds traders with account balances quite big when compared to other prop firms. The account sizes go from $25,000 up to $1,000,000.
To get access to a funded account you need to pass an audition. The price of the audition is different according to the account size that you are applying to.
For the smaller funded account, the audition price is $250. This price increases as the account balance increases too and gets up to $6,500 when applying for an audition to trade the $1 million account.
Here is where things get a bit tricky.
Although the account balances are big when compared to other prop firms, the leverage provided is quite small, so the buying power is not as big as it may seem at first sight.
The leverage will depend though on the symbol that you are trading. Here’s a full list with the Surgetrader leverage:
The SurgeTrader payout is a 75%-25% profit split. The trader gets 75% and the prop firm keeps 25%. Surgetrader states that this payout can be increased up to 90% with add-on purchases.
According to Trustpilot, SurgeTrader has a great classification. It’s scoring 4.2/5.0.
The only thing is that the number of reviews is small, which is understandable since the prop firm is quite recent.
The Audition is the process that you need to pass in order to get a funded account from SurgeTrader.
Unlike other prop firms, SurgeTrader has a potential fast audition process:
You just have one target and two rules.
Target: Get a 10% profit
Daily loss rule: Never lose more than 4% on any given day
Max trailing drawdown: Maintain a trailing drawdown smaller than 5%
Unfortunately, SurgeTrader doesn’t provide a free repeat for traders who want to try the Audition again.
However, if you open your account using the link below, you get a 20% discount on every repeat. Don’t forget to delete your cookies if you already visited the SurgeTrader website.
SurgeTrader gives you access to the most popular trading platforms used by Forex brokers.
You can use:
There’s no requirement to close trades overnight during the week.
You only need to close your trades before the weekends. All trades must be closed by 3:55 PM EST on Friday. If you don’t, the system will automatically liquidate them before the markets close for the weekend.
There is no problem in trading news or holding trades during news releases.
But there’s always an exception…
And here the exception is for stock trading when there are stock earnings releases. You are required to close your stock position if your stock is going to release earnings. Positions must be closed by 3:50 PM Eastern Time on the day of the release so you must be careful with the stock market closing time.
I also want to clarify that this applies only to the single stock that is having earning releases. Any other stocks that you hold are not affected by this.
Yes, SurgeTrader is a legit company.
Here are the contacts to reach them:
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