USE CODE FFR10 FOR 10% OFF ALL SURGE TRADER CHALLENGES
The SurgeTrader initiative emerged from the collective wisdom of experienced Forex traders, brokers, and venture capitalists who share the conviction that skilled traders can achieve great success with the right resources and chances.
SurgeTrader empowers traders to excel in their professional journey by enabling them to maximize their trading profits. Aspiring funded traders undergo a rigorous audition process, showcasing their skills and discipline to prove their competence. Upon successful completion, traders earn a remarkable profit split ranging from 75% up to 90% on their future payouts, propelling them towards financial success. Join SurgeTrader today and unlock your potential for lucrative trading opportunities.
SurgeTrader, a US-based proprietary firm headquartered in Florida, presents a compelling opportunity for driven traders. With potential funding reaching up to $1,000,000, SurgeTrader offers an attractive profit split ranging from 75% up to 90%. By seamlessly integrating their cutting-edge technology with EightCap, an ASIC-regulated broker based in Melbourne, Australia, SurgeTrader ensures traders have access to a trusted and reliable trading platform. Surge Trader's legal entities were established in Delaware in August 2021 and in Florida in September 2021, solidifying their commitment to transparency and compliance.
Under the leadership of Jana Seaman as CEO, Surge Trader is dedicated to offering comprehensive business solutions and funding to drive remarkable success for businesses. With a strong focus on revenue enhancement for both small and large businesses experiencing rapid growth, Surge Trader's range of business units is designed to provide vital support. Their extensive resources include leadership coaching, employee onboarding, operational management, and capital infusion, among others. VALO Holdings, with a specific emphasis on the technology, financial services, and automotive sectors, collaborates with businesses to achieve substantial and sustainable growth.
Drawing from a wealth of experience in successful market trading, Jana Seaman, her family, and the entire Surge Trader team possess invaluable expertise in creating fulfilling livelihoods. This background has significantly influenced Surge Trader's mission today, which centers around expediting trader funding by granting access to institutional capital, including their own resources.
Since its inception, Surge Trader has experienced remarkable growth and cultivated a strong sense of community. Witnessing traders achieve exceptional returns and sustain successful livelihoods through trading has been a truly inspiring journey. Surge Trader empowers skilled traders to attain financial independence and pursue lives driven by their true passions. The immeasurable gratification derived from empowering others is at the heart of Surge Trader's mission.
Surge Trader offers its traders four different programs to choose from:
The SurgeTrader evaluation program is specifically designed to identify committed traders and provide them with the opportunity to enhance their trading profits. Participants in the program are rewarded for their consistent performance during the evaluation phase. With the evaluation program account, traders can enjoy trading with leverage of up to 1:20.
During the evaluation phase, traders are required to reach a profit target of 10% while adhering to specific risk management guidelines. These guidelines include not exceeding a maximum daily loss of 5% and a maximum trailing drawdown of 6%. There are no specific trading day requirements for the evaluation phase, and the sole criterion for progressing to funded status is achieving the profit target.
Upon successfully completing the evaluation phase, traders are granted a funded account with no profit targets. The only rules that need to be followed are the maximum daily loss limit of 5% and the maximum trailing drawdown limit of 6%. Traders can request their initial profit split of either 75% or 90% on the first day if they have achieved profitability. Subsequent profit payouts can be requested on a 30-calendar day basis.
The SurgeTrader evaluation program account follows specific rules to ensure a fair and controlled trading environment:
$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
7. Third-Party Copy Trading Risk: Traders who utilize third-party copy trading services should be aware that if other traders are using the same service and strategy, they may face the risk of exceeding the maximum capital allocation rule. This may affect their eligibility for a funded account or withdrawal.
8. Third-Party EA Risk: Similarly, traders using third-party expert advisors (EAs) should consider that if other traders are using the same EA and strategy, there is a risk of exceeding the maximum capital allocation rule. This may impact their eligibility for a funded account or withdrawal.
These rules are in place to ensure a fair and controlled trading environment while promoting risk management and compliance with SurgeTrader's guidelines.
SurgeTrader ensures reliability through its robust support system. The venture capital backing the firm is sourced from an esteemed international venture fund, providing a strong financial foundation. To facilitate trading activities, SurgeTrader has partnered with EightCap, an affiliate broker licensed by ASIC (the Australian Securities and Investments Commission), a reputable regulatory body in Australia. This affiliation with a regulated broker underscores SurgeTrader's commitment to maintaining a trustworthy and secure trading environment for its clients.
SurgeTrader offers traders the freedom to employ various trading strategies without any restrictions. Traders have the flexibility to utilize their preferred strategies, provided they adhere to the trading rules set by the company. SurgeTrader supports a wide range of permissible strategies, including algorithmic trading, hedging, scalping, and even the Martingale strategy. This inclusive approach allows traders to implement the strategies that align with their trading style and objectives, fostering an environment of innovation and opportunity.
SurgeTrader upholds transparency and loyalty as core principles of its operations. The company maintains a high level of transparency by making all legal documents and conditions readily accessible to the public on its website. This ensures that traders have clear visibility into the terms and conditions governing their trading activities.
In the spirit of loyalty, SurgeTrader acknowledges that occasional violations of trading rules may occur unintentionally and randomly. In such cases, the company exercises flexibility and understanding, considering them as isolated incidents rather than systematic misconduct. By allowing for these occasional lapses, SurgeTrader demonstrates its commitment to fairness and supports traders in their pursuit of success, while still maintaining the overall integrity and stability of the trading environment.
SurgeTrader offers a diverse range of assets, encompassing over 100 instruments, along with the inclusion of cryptocurrencies. Traders have access to an extensive selection of financial instruments, including but not limited to stocks, indices, commodities, forex pairs, and bonds. Additionally, SurgeTrader recognizes the growing importance of cryptocurrencies and provides opportunities for trading popular digital assets such as Bitcoin, Ethereum, and other prominent cryptocurrencies. This wide array of assets ensures that traders have ample options to diversify their portfolios and capitalize on various market opportunities within a single platform.
SurgeTrader, a proprietary trading firm, was launched in June 2021 and officially registered on September 3rd of the same year.
Traders at SurgeTrader have the flexibility to request withdrawals at any time for their initial payout. However, subsequent withdrawal requests can only be made every 30 days. Traders are entitled to a profit split of either 75% or 90%, depending on whether they have purchased the appropriate account add-on. When a withdrawal is requested, SurgeTrader also deducts its share of the profits, resulting in a reduction of the trader's equity by the total amount withdrawn.
For evidence of successful payouts, SurgeTrader frequently posts payment proof on their Instagram account. Traders can find examples of payout certificates showcasing the earnings of SurgeTrader traders. Below are three illustrative examples of these payout certificates.
Please note that the information provided here is based on the given context, and it's always recommended to verify the most up-to-date details directly from SurgeTrader's official channels or website.
SurgeTrader has partnered with Eightcap, an ASIC-regulated broker based in Melbourne, Australia, to integrate their technology. Eightcap, founded in 2009, is committed to providing exceptional financial services to its clients. With offices in five locations worldwide and regulations in place, Eightcap offers clients from around the globe the opportunity to trade in various markets, including forex, indices, commodities, and shares.
Eightcap is classified as an average-risk broker, with a Trust Score of 73 out of 99. They offer a range of features, including forex trading, CFD trading, cryptocurrency trading, and social trading/copy-trading. Traders have access to a wide selection of 326 tradeable symbols, including 45 forex pairs. Eightcap offers two types of accounts: Raw and Standard, with commission and fee structures varying based on the chosen account type. Traders should also consider overnight fees, which are interest charges for holding positions open overnight.
As a MetaTrader-only broker, Eightcap provides access to the popular MetaTrader 4 and MetaTrader 5 platforms developed by MetaQuotes Software Corporation. Their focus on delivering a personalized trading experience and establishing an ultra-efficient technology infrastructure has earned them recognition, including the Best Global Forex MT4 Broker 2020 award at the Global Forex Awards.
It's important to note that while the information provided here is accurate to the best of my knowledge based on the given context, it's advisable to verify the latest details from the official websites of SurgeTrader and Eightcap.
Audition Account Experience
I have to say this is my first time trading with an audition account and I must say the experience has been great when it comes to the prompt responses from the company. The rules are fair and I love the fact that they give an option to choose 90% profit claims vs 75%, although 75% is great as well. This has been a journey because their rules has taught me redefine my trading setup. I also appreciate the fact that there are no time constraints when it comes to meeting your 10% profit target in the audition phase and that there's only one audition before getting funded. I say if you are very serious about your trading career Surge Trader is worth the investment. However, if you are looking to trade with a Surge Trader or any other prop firm take it very serious and have a trading setup that is clear to you along with risk management!
Latoya
Experienced Trader
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No pressure, just trade and pass the test
My journey as a trader started a while back and when I learnt about FundedNext I figured this is where I want to grow my trading career. I have seen how they go far & beyond to improve & build traders out here and without fear of contradiction I can proudly say am one of them. Thank You FundedNext for wanting to see traders grow. Asante sana! Honestly SurgeTrader is a huge plus in my book. One of the biggest grief’s about other prop firms is that you must trade within their timeframe even if the market conditions are un-tradeable according to your strategy. SurgeTrader takes that additional distraction away and lets you simply focus on your strategy, like a normal funded trader. I’ve just passed my Audition and now going for the next target. Glad to be on this team!
Michael Reid
Experienced Trader
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Amazing customer service
Amazing customer service. So far they have answered all of my questions. Everything has been as advertised! Would highly recommend.
Pedro Obregon
Experienced Trader
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The level of service is amazing
The level of service is amazing. Automated processes are managed within seconds. you can reach-out to the support team at any time and questions are answered quick and precise. So far, everything convinced me and there is nothing I would see to be improved.
Nwankwo Chibunna
Experienced Trader
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A prop firm with excellent customer service
Surge Trader have been very good on customer support - swift to reply and get things sorted. I think their offering would benefit enormously, however, if they used a more modern and responsive platform than MT5.
Nicholas Penrake
Experienced Trader
⭐️⭐️⭐️⭐️
In conclusion, SurgeTrader is a reputable proprietary trading firm that provides traders with the opportunity to participate in their evaluation program and potentially become funded traders. The evaluation programs are structured as a one-phase challenge, where traders must achieve a profit target of 10% while adhering to specific risk management rules, including a 5% maximum daily loss and 6% maximum trailing drawdown.
By successfully completing the evaluation program, traders can become funded and earn profit splits ranging from 75% up to 90%. SurgeTrader also offers the option to scale accounts, providing traders with potential growth opportunities.
With its transparent and straightforward trading rules, SurgeTrader is an appealing choice for traders of different backgrounds and trading styles. Although SurgeTrader is a relatively new firm, it has garnered a reputation as an industry-leading prop firm, offering favourable conditions for traders seeking to develop their trading careers.
Please note that the information in this review was last updated on July 13, 2023.
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