Surge Trader Logo

SurgeTrader

4.0

As a global prop trading firm based in the United States, we are committed to helping traders around the world maximize their profits through their trading skills. The SurgeTrader program is founded on four core principles: simplicity and clarity in our trading rules, easy and efficient evaluation processes, no time constraints, and exceptional customer support. These values enable us to provide a top-notch trading experience for our clients.

Overview

Fees
4.0
Deposit and Withdrawal
4.0
Trust Score
4.0
Customer Support
4.0
Trading Platform

MT4, MT5, Trading View

Deposit Methods

Visa

Withdrawal Methods

Bank Transfer

Account Size

$25,000, $50,000, $100,000, $250,000, $500,000, $1,000,000

Tradable Instruments

Commodities, Crypto, Forex, Indices, Metals, Stocks

Brokers

Eightcap

Leverage

1:2, 1:5, 1:10

Maximum Capital Allocation

$1,000,000

Pros

Eligible for up to $1,000,000 in funding
Excellent Trustpilot rating of 4.5/5
Real accounts
Free Trial upon request
$1,000,000 challenge account
Profit share 75%
News trading is allowed
No minimal trading days
1 step evaluation process

Cons

New company
Stop-loss required for each trade
No weekend positions
Maximum open size 1lot / $10,000 of the account balance
5% maximum trailing drawdown
Low leverage 10:1, 5:1 and 2:1​

Who are SurgeTrader?

SurgeTrader is a leading proprietary trading firm based in the United States, offering motivated traders up to $1,000,000 in funding with a profit split of 75%. Our state-of-the-art technology is integrated with EightCap, an ASIC-regulated broker in Melbourne, Australia.

We are a registered company under the official name Surge Capital Ventures, LLC, with registration authority ID RA000603. Our company was opened on September 3, 2021 as a Limited Liability Company and is registered at 405 5TH AVENUE SOUTH NAPLES, FL 34102. Despite only being officially registered for a year, we have been operating successfully since June. With almost a year of experience, we are a trusted and reliable choice for traders looking for high-quality proprietary trading services.

Challenges Introduction

SurgeTrader offers a one-step evaluation program with six different account sizes to identify serious traders and enable them to earn more profits from their trading activity. The evaluation program rewards consistency over a one-phase evaluation period and allows traders to trade with up to 1:10 leverage. The evaluation phase requires traders to reach a profit target of 10% while following the 4% maximum daily loss and 5% maximum trailing drawdown rules. There are no minimum or maximum trading day requirements, and the only requirement to become funded is to hit the profit target.

Upon successful completion of the evaluation phase, traders are awarded a funded account with no profit targets. They are only required to respect the 4% maximum daily loss and 5% maximum trailing drawdown rules. They can request their first 75% profit split on day one if they are in profit, with subsequent payouts available every 30 calendar days.

Challenge
Profit Share
Up To 90%

-

Profit Target
$2,500

-

Daily Loss Limit
4%

-

Leverage Up To
20:1

-

Max Trailing Drawdown
5%

-

Audition Fee
$250

-

Challenge
Profit Share
Up To 90%

-

Profit Target
$5,000

-

Daily Loss Limit
4%

-

Leverage Up To
20:1

-

Max Trailing Drawdown
5%

-

Audition Fee
$400

-

Challenge
Profit Share
Up To 90%

-

Profit Target
$10,000

-

Daily Loss Limit
4%

-

Leverage Up To
20:1

-

Max Trailing Drawdown
5%

-

Audition Fee
$700

-

Challenge
Profit Share
Up To 90%

-

Profit Target
$25,000

-

Daily Loss Limit
4%

-

Leverage Up To
20:1

-

Max Trailing Drawdown
5%

-

Audition Fee
$1,800

-

Challenge
Profit Share
Up To 90%

-

Profit Target
$50,000

-

Daily Loss Limit
4%

-

Leverage Up To
20:1

-

Max Trailing Drawdown
5%

-

Audition Fee
$3,500

-

Challenge
Profit Share
Up To 90%

-

Profit Target
$100,000

-

Daily Loss Limit
4%

-

Leverage Up To
20:1

-

Max Trailing Drawdown
5%

-

Audition Fee
$6,500

-

Customer Reviews on Trust Pilot

Trust Pilot Review Score
4.4 - 140 Reviews
View Trust Pilot Reviews

Our experience has been exactly as advertised—except for the listed issues, all other issues have been resolved: You cannot scale your lots as your balance increases—you’re limited to your contracted level; and, the chosen platform is limited and cumbersome compared to other platforms. Regardless, we still appreciate the opportunity!

4
BK
Buzz Kill

Well basically they just literally do everything they say they do which in the timeframe they say they do it. They are honest. Seems kinda rare in this bis model.

5
LA
Luke A

Working with audition through to funded account was a very transparent and effective. Creating a Deel account was also straight forward. I only hope my trading skills continue to improve. thankyou

5
GS
Gary Slade

First: The opportunity is an OUTSTANDING one—exactly as advertised in our experience. Critically: The platform is not as robust as others; and, its stability has left us frustrated.

4
HG
Hunter Gatherer

Trading Instruments

Forex Icon

Forex

Commodity Icon

Commodities

Indices

Crypto Icon

Crypto

Stocks Icon

Stocks

Disclosure:
The trading instruments displayed above are examples of what this prop firm offers, and not all instruments may be shown or the correct brokers may be listed.

Trading Fees

Forex Icon

Forex

7 USD / LOT
Commodity Icon

Commodities

0 USD / LOT

Indices

0 USD / LOT
Crypto Icon

Crypto

0 USD / LOT
Stocks Icon

Stocks

4 USD / LOT (US STOCKS), 0.01% / LOT (UK STOCKS)

What makes SurgeTrader different from any other prop firm?

SurgeTrader offers a unique proposition compared to other industry-leading prop firms. Our evaluation program is a one-phase process with a profit target of 10%, and a 4% maximum daily loss and 5% maximum trailing drawdown. We also have rules for required stop-loss and lot size limits. One major benefit of our program is that we almost never regulate your trading style, and there is no minimum or maximum trading days requirement. This allows you to trade at your own pace and hold trades overnight if you choose to. Additionally, evaluation program accounts have a scaling plan (excluding $500,000 and $1,000,000 accounts). Overall, SurgeTrader offers a flexible and customizable trading experience that sets us apart from other prop firms.

Payment proof

SurgeTrader is a leading proprietary trading firm that was established in June 2021 and registered on September 3rd. Our traders have the flexibility to request withdrawals at any time, with the option to withdraw once every 30 days thereafter. We offer a generous profit split of 75% at the time of withdrawal. Additionally, SurgeTrader will withdraw our share of the profits, and your new equity will be adjusted accordingly. Our withdrawal process is simple and transparent, setting us apart from other trading firms.

Which broker does SurgeTrader use?

SurgeTrader has partnered with Eightcap, a top ASIC-regulated broker in Melbourne, Australia. Founded in 2009, Eightcap has a reputation for providing exceptional financial services to their clients. They have 5 global offices and regulations in multiple locations, allowing clients to trade on a wide range of markets including FX, indices, commodities, and shares. Eightcap has an average risk level, with an overall 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. They have a total of 326 tradeable symbols and 45 Forex pairs. They offer two account types, Raw and Standard, with fees and commissions varying depending on the type of account chosen. Additionally, they charge an overnight fee for holding a position open overnight. Leverage of 1:30 is available, with specific restrictions based on the trading size. As a leading trading firm, SurgeTrader is proud to partner with Eightcap to offer our clients access to their top-rated financial services.

Support

If you have any questions or need more information about SurgeTrader, our FAQ page is a great resource. You can also contact our support team on social media or via email at support@surgetrader.com. We also offer live chat support from 7 AM to 3 PM (CE(S)T). Additionally, you can reach us by phone at 866-998-0883 (toll-free) or 239-829-8438 (direct). You can also connect with our support team on our Discord channel, where they will be happy to answer your questions.

Conclusion

In conclusion, SurgeTrader is a legitimate proprietary trading firm that offers traders a variety of evaluation program account sizes. Our evaluation programs are a one-phase challenge that requires traders to reach a profit target of 10% before becoming funded and eligible for profit splits. With a 4% maximum daily loss and 5% maximum trailing drawdown, these are realistic and attainable goals. Once funded, traders can earn 75% profit splits and have the option to scale their accounts (excluding $500,000 and $1,000,000 accounts). We highly recommend SurgeTrader to anyone looking for a prop firm with straightforward trading rules and excellent conditions for a diverse range of traders. Despite being a relatively new firm, SurgeTrader is quickly establishing itself as one of the leading prop firms in the industry.

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