“Surge Trader: Empowering Investors with Cutting-Edge Strategies”
“SurgeTrader: Empowering Talented Forex Traders with Capital and Opportunity for Unprecedented Success”
The conception of the SurgeTrader initiative emerged from the collective expertise of seasoned Forex traders, brokers, and venture capitalists who hold the conviction that proficient traders can attain success given the availability of capital and opportunities. The central objective driving their efforts was to expedite trader funding processes and facilitate prosperous traders in leveraging their accomplishments and abilities.
Numerous legendary companies have sprung forth from humble beginnings, such as basements or garages. The genesis of SurgeTrader aligns with these narratives, commencing with a discussion among an FX broker, an institutional trader, and a venture capitalist within the confines of a sushi restaurant in Naples.
Pros of Surge Trader
Up to $1,000,000 capital
Excellent Trustpilot rating of 4.5/5
real accounts
$1,000,000 challenge account
profit share 75% up to 90%
available ads-ons upon purchase
overnight and weekend holding allowed
news trading is allowed
no minimal trading days
one-step evaluation process
Cons of Surge Trader
Maximum open size 1 lot/%10,000 of the account balance
Trailing drawdown
SurgeTrader fosters a culture of professional growth and incentivizes traders to excel in their careers by facilitating enhanced profit generation through trading activities. To qualify as a funded trader, aspiring individuals are required to successfully undergo an audition, showcasing their proficiency and adherence to disciplined trading practices. Upon accomplishing this milestone, traders are eligible for a profit sharing arrangement, ranging from 75% to 90% of future payouts.
Who are Surge Trader?
SurgeTrader is an exclusive proprietary trading firm located in Florida, United States, that provides ambitious traders with the opportunity to access funding of up to $1,000,000. Through an advantageous profit-sharing arrangement, traders can retain between 75% and 90% of their profits. The firm has seamlessly integrated its cutting-edge technology with EightCap, a Melbourne-based broker regulated by ASIC (Australian Securities and Investments Commission).
Surge Trader was officially incorporated in the state of Delaware in August 2021 and subsequently registered in the state of Florida in September 2021.
Their offices are located at an address, 405 5th Avenue South, Naples, Florida 34102.
Who’s the CEO of Surge Trader?
Jana Seaman serves as the CEO of Surge Trader, a company dedicated to delivering comprehensive business solutions and funding to support enterprises in attaining remarkable levels of success. The organization focuses on enhancing revenue for both small and large businesses that are experiencing rapid growth. Surge Trader provides a wide range of resources, including leadership coaching, employee onboarding, operational management, and capital infusion, with a specific emphasis on the technology, financial services, and automotive sectors. Through its subsidiary, VALO Holdings, the company assists businesses in generating substantial and sustainable growth.
Drawing upon a wealth of experience in the intricacies of successful market trading, Jana Seaman, her family, and the entire Surge Trader team possess valuable expertise in creating a rewarding livelihood. This collective knowledge significantly shapes Surge Trader’s current mission, which is to expedite trader funding by granting access to institutional capital, including their own resources.
Since its establishment, Surge Trader has experienced impressive growth and fostered a strong sense of community. Witnessing traders achieve exceptional returns and sustain thriving careers through trading has been a truly inspiring endeavor. The company empowers skilled traders to achieve financial independence and pursue a life driven by their genuine passions. The fulfillment derived from aiding others in their journey towards self-empowerment is immeasurable.
The founding program options:
SurgeTrader offers its traders a one-step evaluation program with six different account sizes.
Evaluation program account:
The SurgeTrader evaluation program is designed to identify and support skilled traders, enabling them to enhance their trading profits. Participants who demonstrate consistency during the evaluation phase will be rewarded. The evaluation program provides an account that allows trading with leverage of up to 1:20.
During the evaluation phase, traders must achieve a profit target of 10% while adhering to the maximum daily loss limit of 5% and maximum trailing drawdown limit of 6%. There are no specific requirements regarding the number of trading days within the evaluation period. The sole condition for obtaining a funded account is to meet the profit target.
Upon successful completion of the evaluation phase, traders are granted a funded account without profit targets. However, they must continue to abide by the maximum daily loss limit of 5% and maximum trailing drawdown limit of 6%. If a trader generates profits from the funded account, they may request an initial profit split of 75% or 90% on the first day, provided they are in a profitable position. Subsequent profit payouts can be requested every 30 calendar days.
The evaluation program accounts also offer a scaling plan, where traders are expected to achieve a 10% profit target based on their initial account balance. It should be noted that scaling is limited to a maximum of $1,000,000, and if a trader chooses to scale their account, they will not be eligible for a profit split.
Evaluation program account rules
- The profit target refers to a specific profit percentage that traders must achieve in order to successfully complete an evaluation phase, withdraw profits, or scale their accounts. Evaluation programs have a profit target set at 10%, while funded accounts do not have any profit targets.
- Maximum daily loss represents the maximum amount of loss a trader can incur within a single day before violating their account. Regardless of the account size, the maximum daily loss limit is set at 5%.
- Maximum trailing drawdown is the largest decline in an account balance from its peak to the subsequent lowest point. It is determined by calculating the difference between the highest achieved account balance and the maximum drawdown. For all account sizes, the maximum trailing drawdown is capped at 6%.
- Traders are required to set a stop-loss for every position they open before initiating a trade.Lot size limit imposes restrictions on traders, specifying predetermined lot sizes for specific trading instruments. These lot sizes are typically determined based on the initial account balance of the proprietary firm account. Depending on their account size, traders are allowed a maximum number of lots to open across all pairs at any given time. The lot size limits are as follows:
- $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
- Third-party copy trading risk pertains to the potential drawbacks associated with utilizing copy trading services provided by external parties. It is important to consider that when using such services, other traders may already be employing the same trading strategy. By utilizing third-party copy trading services, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
- Third-party EA risk refers to the risks associated with using third-party expert advisors (EAs). When employing a third-party EA, it is important to note that other traders may also be utilizing the exact same trading strategy. By using such EAs, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Enhancements available for your evaluation program accounts
No mandatory stop-loss: A 10% price increment allows for a 10% increase in the purchase price of your evaluation account.
Double leverage (applies to forex pairs and metals): A 25% price increment enables a doubling of leverage for forex pairs and metals within your evaluation account.
90% profit sharing: A 10% price increment entitles you to a 90% share in the profits generated from your evaluation account.
Please note that you have the flexibility to select one or multiple add-on options based on your individual preferences.
What makes Surge Trader different from other prop firms?
SurgeTrader distinguishes itself from the majority of prominent proprietary trading firms in that it maintains minimal regulation on your trading style. There are no prescribed minimum or maximum trading day requirements, allowing traders the flexibility to participate in trading activities during news events, hold positions overnight, and even over the weekend.
In comparison to other prop firms, the SurgeTrader evaluation program follows a streamlined one-phase evaluation structure, wherein traders must achieve and surpass a designated profit target to become eligible for payouts. The evaluation program entails a profit target of 10% with a maximum daily loss limit of 5%, a maximum trailing drawdown limit of 6%, mandatory implementation of stop-loss orders, and adherence to lot size limit rules. Furthermore, there are no specific constraints on the minimum or maximum number of trading days. The evaluation program accounts also include a scaling plan.
To summarize, SurgeTrader distinguishes itself from the most prominent prop firms by exercising minimal control over traders’ trading styles. It is worth noting the absence of restrictions on the minimum and maximum trading day period, which offers considerable advantages as it eliminates the need for mandatory trades.
Is getting Surge Trader capital realistic?
When evaluating prop firms that align with your forex trading style, it is crucial to assess the feasibility of their trading requirements. While the prospect of a company offering a high percentage profit split on a generously funded account may seem appealing, it is important to consider the expectations of achieving high percentage gains per month while maintaining low percentage maximum drawdowns. Failure to meet such demanding criteria would significantly diminish the likelihood of achieving success.
Fortunately, receiving capital through SurgeTrader’s evaluation program accounts offers a realistic approach due to their average profit target of 10% and adherence to maximum loss rules (5% maximum daily loss and 6% maximum trailing drawdown). Taking these factors into account, SurgeTrader emerges as an excellent choice for obtaining funding, as their evaluation program accounts provide traders with achievable trading objectives and clear conditions for receiving payouts.
Payment proof
SurgeTrader is a privately-owned trading firm that commenced operations in June 2021 and completed its registration on September 3rd of the same year.
For SurgeTraders, the initial withdrawal can be made at any time, but subsequent withdrawals can only be requested every 30 days or longer. As a SurgeTrader, you are eligible for a profit split of 75%, which increases to 90% if you have acquired the corresponding account add-on. When a withdrawal is made, SurgeTrader also withdraws its portion of the profits, resulting in a reduction of your equity by the total amount withdrawn.
Evidence of SurgeTrader’s payment transactions can be predominantly found on their Instagram account, where they regularly post payout details from their traders. Below, you can observe three examples of payout certificates.
1. $9,081 payout to John T., who is a trader located in the USA.
2. $8,504 payout to E. W., who is a trader located in Canada.
3. $2,250 payout to M. O., who is a trader who is located in Sweden.
In addition, you can also find payment proof on their Discord channel under the ”payout-proof” section.
Which brokers do Surge Trader use?
SurgeTrader has successfully integrated its proprietary technology with Eightcap, a reputable broker based in Melbourne, Australia, and regulated by the Australian Securities and Investments Commission (ASIC). Eightcap was established in 2009 with a clear and straightforward objective of delivering exceptional financial services to its clientele. The company boasts a global presence with five offices worldwide, and its regulatory compliance extends to multiple jurisdictions, enabling clients from around the globe to engage in trading across various markets, including foreign exchange (FX), indices, commodities, and shares.
Eightcap is considered average-risk, with an overall Trust Score of 73 out of 99. They have the following features:
- Forex Trading
- CFD Trading
- Cryptocurrency Trading
- Social Trading/Copy-Trading
- A total of 326 Tradeable Symbols
- A total of 45 Forex Pairs
Eightcap offers two distinct types of trading accounts: Raw and Standard. The choice between these two options determines the applicable commissions and fees. For Standard accounts, fees are incorporated within the spread, while Raw accounts are subject to commission-based charges. Additionally, traders should consider the overnight fee, which represents the interest incurred for holding a position open overnight.
Being an exclusive MetaTrader broker, Eightcap provides access to the widely recognized MetaTrader 4 and the newer MetaTrader 5 platforms developed by MetaQuotes Software Corporation. By focusing solely on the MetaTrader suite, Eightcap ensures a personalized trading experience and employs an exceptionally efficient technological infrastructure to facilitate seamless trading activities. In recognition of their commitment to excellence, Eightcap was honored with the prestigious Best Global Forex MT4 Broker 2020 award at the Global Forex Awards.
SurgeTrader, on the other hand, has also been part of continuous success. They have received two awards for their exceptional services throughout 2022 & 2023:
- Award from Traders Union – Voted the best prop trading firm of 2022
- Award from Benzinga – Recognized as the best overall prop trading firm of 2023
SurgeTrader provides their traders with real accounts once they pass the Audition.
Trading instruments:
SurgeTrader offers a large variety of Trading Instruments. You are allowed to trade forex pairs, cryptocurrency, metals and energy, stock indices, and 90 individual stocks with up to 1:20 leverage.
Trading fees
Education and support for traders
SurgeTrader does not provide any additional educational programs.
The company provides an opportunity to avail of a complimentary trial by contacting support@surgetrader.com through email or by completing the designated form. This enables individuals to gain familiarity with our trading platforms and regulations, and offers a glimpse into the experience of trading with SurgeTrader. The free trial facilitates new traders in practicing, refining their abilities, and enhancing their trading strategies. Successfully completing the trial significantly enhances the likelihood of achieving success in the SurgeTrader Audition.
Note that successfully passing the free trial does not provide eligibility to a funded trader account. Only when you pass the SurgeTrader Audition, do you become a funded trader.
SurgeTrader provides a comprehensive FAQ page that contains all the necessary information about the firm. Should you require further assistance, our support team can be contacted through various channels. You can reach out to us via social media or directly at our email address, support@surgetrader.com.
Moreover, we offer live chat support that is available almost 24/7, ensuring prompt and efficient responses to your inquiries. For more immediate assistance, you can contact our support team using the following telephone numbers:
Toll-free: 866-998-7652
Direct line: 239-944-5317
Furthermore, SurgeTrader maintains an active Discord channel where our dedicated support team is ready to address any questions you may have. Feel free to engage with us through this platform for further information or assistance.
Traders’ Comments about Surge Trader
Surge Trader has a grate feedback from his community
On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4.5/5 out of 456 reviews.
SurgeTraders community has positive feedback on their responsive and helpful customer support. Another positive comment was made for the incredibly simple dashboard and the few simple rules that constantly remind you of what you aren’t allowed as your trading strategy.
Social media statistics
SurgeTrader can also be found on social media.
They have a:
- Linkedin page with 1,580 followers
- Facebook page with 3,310 followers
- Twitter account with 6,683 followers
- Instagram profile with 33,2k followers
- Youtube channel has 3,39k subscribers with 147 uploaded videos.
In addition, you can also join SurgeTrader’s Discord channel to talk with other members of their community.
Conclusion
In summary, SurgeTrader is a reputable proprietary trading firm that provides traders with the opportunity to select from various evaluation program account sizes.
The evaluation programs consist of a single-phase assessment challenge that necessitates the completion of specific criteria before receiving funding and becoming eligible to earn profit splits. SurgeTrader mandates that traders achieve a profit target of 10% before being funded, which are attainable trading objectives considering the implementation of rules such as a maximum daily loss of 5% and a maximum trailing drawdown of 6%. Through these evaluation programs, traders can earn profit splits ranging from 75% to 90% while also having the ability to expand their trading accounts.
I would confidently recommend SurgeTrader to individuals seeking a proprietary firm with transparent trading regulations. Despite being relatively new, SurgeTrader offers favorable conditions for a diverse range of traders with unique styles. After careful consideration of all the advantages SurgeTrader brings to the table, they undoubtedly rank among the top proprietary trading firms in the industry.
