In this SurgeTrader review, you will learn about the features and benefits of this proprietary trading firm, including its range of funded account packages, simple evaluation process, flexibility in terms of trading strategies, and variety of financial instruments and platforms for trading.
You will also learn about the drawbacks of SurgeTrader, such as its relatively short history compared to some other proprietary trading firms and the potential cost of the audition fees.
Additionally, the review will provide information on the scaling plan offered by SurgeTrader, which allows traders to increase their buying power and potentially increase their profits.
SurgeTrader is a proprietary trading firm that was established in May 2021 by a group of seasoned Forex traders and venture capitalists. Based in Florida, United States, the firm has experienced rapid growth worldwide due to its transparent trading rules and simple evaluation process.
Surgetrader Packages and Fees
SurgeTrader offers several packages to traders looking to access funded accounts. The packages range from the Starter package with a $25,000 account balance and a $250 audition fee to the Master package with a $1,000,000 account balance and a $6,500 audition fee.
Each package requires an audition fee payment, which is a one-time fee and not a recurring monthly payment. The audition process is a practical exam that traders must pass to demonstrate their skills and discipline as profitable traders.
Once the audition fee has been paid, traders will receive login details and a download link to the platform. To pass the evaluation, traders must earn more than 10% of their total account balance, with no minimum number of trading days or single trades required. The table below provides a summary of the available packages and their respective fees.
|Package||Account Balance||Audition Fee|
SurgeTrader allows traders to manage up to $1,000,000 in capital, with a profit split system that gives the trader 75% of the profits.
The firm allows traders to use any trading strategy, including hedging strategies, algorithmic trading, and fundamental analysis, with no restrictions on trading styles. Payouts are processed quickly, with no minimum amount required, and traders can request their profits at any time once per month.
The firm offers MetaTrader 4 and MetaTrader 5 platforms, with access to over 350 financial instruments, including Forex, commodities, indices, cryptocurrencies, and stocks. SurgeTrader also provides a Trader Portal for tracking trading activity and customer support through live online chat.
Surgetrader vs FTMO
|Location||Florida, US||Chicago, US|
|Audition Fee||$250 – $6,500||$100 – $1,000|
|Account Balance||$25,000 – $1,000,000||$100,000 – $1,000,000|
|Evaluation Process||1 step||2 steps|
|Payment Methods||Credit/debit card, PayPal||Credit/debit card, bank transfer|
|Platforms||MetaTrader 4, MetaTrader 5||MetaTrader 4, cTrader|
|Financial Instruments||Forex, metals, oils, indices, cryptocurrencies, stocks||Forex, commodities, indices, stocks|
|Leverage||Forex, metals, oils, indices: up to 10:1; individual stocks: 5:1; cryptocurrencies: 2:1||Forex: up to 1:100 (can be lowered upon request); Swing account type: 1:30|
|Customer Support||Live online chat, Phone, Email||Email, phone, Live online Chat, Email|
|Educational Material||Not specified||Yes|
|Profit Split||75% to trader||80% to trader|
|Withdrawal of Profits||Any time once per month||Once per month|
SurgeTrader has certain rules in place for both demo audition accounts and live trading accounts. These rules include daily loss limits, maximum trailing drawdowns, stop-loss requirements for each trade, and limits on the maximum number of open lots with risk.
The daily loss limit applies to current daily equity and is calculated as a percentage of the account balance.
For example, a trader with a $100,000 funded account would have a daily loss limit of $5,000, or 5% of their balance.
If the trader runs up a profit, their daily loss limit will also increase. There is also a limit on the maximum number of open lots with risk.
If a trader exceeds this limit, their trades will be liquidated. However, this is only considered a soft breach and the trader can continue trading. If the trader reaches their profit target of 10%, they will be upgraded to a live funded account.
pros and cons surgetrader
Pros of SurgeTrader:
- Offers a range of funded account packages with varying balance amounts and audition fees
- Allows traders to use any trading strategy
- Offers fast processing of payouts and no minimum amount required for withdrawal
- Provides a Trader Portal for tracking trading activity and easy access to customer support
- Trades are executed through a reputable and regulated broker
- Offers a variety of financial instruments and platforms for trading
- Provides a simple evaluation process with no minimum number of trading days or single trades required
- Covers any losses generated in a live funded trading account
Cons of SurgeTrader:
- Has a relatively short history compared to some other proprietary trading firms
- Some traders may find the audition fees to be high
Surgetrader Scale Up
SurgeTrader has a scaling plan in place to allow traders to increase their buying power and potentially increase their profits. This plan is available to traders who have passed the audition process and have achieved the profit target of 10%.
Traders can choose to scale up their account to a higher balance amount, with the trading rules and conditions remaining the same.
Once the audition process is complete, traders will receive an email notification with their new live account credentials and will be able to start trading with a real balance provided by SurgeTrader. They will then be able to withdraw their profits if desired.
SurgeTrader offers fast processing of payouts to its traders. There is no minimum amount required for withdrawal, so traders can request their profits at any time on a monthly basis.
They also have a very positive reivew of 4.4 as of today on TrustPilot.
Surgetrader has host of Social media accounts you can check for their social activity:
SurgeTrader is a reputable and reliable proprietary trading firm that offers a range of funded account packages and a simple evaluation process to help traders achieve success.
It is known for its transparency in terms of its trading rules and for the simplicity of those rules, as well as for its easy evaluation process.
It also offers the opportunity to manage up to $1,000,000 of capital, with a profit split system that gives traders 75% of the profits.
SurgeTrader allows traders to use any trading strategy and does not impose restrictions on trading styles, making it a flexible and accommodating platform for traders of all levels.
In addition, payouts are processed quickly and there is no minimum amount required for withdrawal, which can be requested on a monthly basis. Overall, SurgeTrader seems to be a good choice for traders looking for a funded trading account.
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