SurgeTrader Review (10% Discount: PROPFIRMTRADING)
SurgeTrader was created by experienced Forex traders, brokers, and venture capitalists who believe that talented traders just need capital and opportunities to succeed. Their mission is to speed up trader funding and help profitable traders capitalize on their success and talent.
Pros +
+ Excellent Trustpilot rating of 4.7/5
+ Three Unique Funding Programs
+ Account Sizes up to $1,000,000
+ Multiple Add-on Features
+ Professional Trader Dashboard
+ A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Stocks, Cryptocurrencies)
+ Leverage up to 1:50
+ No Minimum Trading Day Requirements
+ No Maximum Trading Period with One-Phase and Two-Phase Audition
+ First Payout Upon Making a Profit
+ Scaling Plan (Except Lightning Audition)
+ Profit Share from 75% up to 90%
+ Overnight & Weekend Holding Allowed
+ News Trading Allowed
Cons -
– Low Leverage with One-phase & Lightning Audition
– Mandatory Stop-loss (Removable with Add-on)
– Two-phase Audition has Equity-based Drawdown
– Lot Size Limit (1 Lot per $10,000 of Trading Capital)
– Trailing Drawdown on One-phase & Lightning Audition
SurgeTrader, a global proprietary trading firm, prioritizes helping traders worldwide boost profits. Success is linked to traders’ performance after completing the evaluation period of the funding program. Traders can earn significant profits, managing accounts up to $1,000,000 with up to 90% profit splits. This is achieved by trading various financial instruments like forex pairs, commodities, indices, stocks, and cryptocurrencies.
Who are SurgeTrader?
SurgeTrader is a proprietary trading firm, officially incorporated on September 3, 2021, in Naples, Florida, is under the leadership of CEO Jana Seaman. SurgeTrader offers traders the flexibility to select from three account types, including a two-step evaluation and two one-step evaluations, all in collaboration with ThinkMarkets as their broker.
Surge Trader’s headquarters are located at 4851 Tamiami Trail N, Suite 200, Naples, Florida 34103.
Who is the CEO of SurgeTrader?
Jana Seaman is the CEO of SurgeTrader.
SurgeTrader Funding Programs
Account Sizes:
– $25.000 – $250
– $50.000 – $400
– $100.000 – $700
– $250.000 – $1.800
– $500.000 – $3.500
– $1.000.000 – $6.500
One-Phase Audition Scaling Plan
The One-phase Audition also features a scaling plan. Upon achieving a 10% profit based on the initial account balance, traders can scale up to the next available account size. Importantly, scaling does not entail forfeiting the profit split or initiating a new evaluation period on the scaled One-phase Audition. In this scaled phase, traders are still required to reach the 10% profit target.
– $25,000 – 10% – $50,000
– $50,000 – 10% – $100,000
– $100,000 – 10% – $250,000
– $250,000 – 10% – $500,000
– $500,000 – 10% – $1,000,000
Add-ons for SurgeTrader’s One-Phase Audition
– Profit Split from 75% to 90%
– No Stop-loss Requirement
– Leverage up to: 20:1
One-Phase Audition Trading Rules & Objectives
– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
– Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
– Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 8%.
– Stop-loss Required – Before initiating a trade, it is mandatory for the trader to place a stop-loss on each position. (Not mandatory with Add-on)
– Lot Size Limit – Limitation of lot sizes for specific trading instruments. These are, in most cases, set based on the initial account balance of your trading account. Please refer to the following lot size limitations in the spreadsheet below.
Lot Size Limitations
– $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
Account Sizes:
– $25.000 – $200
– $50.000 – $300
– $100.000 – $500
– $250.000 – $1.200
– $500.000 – $2.300
Two-Phase Audition Scaling Plan
The Two-phase Audition also incorporates a scaling plan. Achieving an 8% profit in phase one and 5% in phase two based on the initial account balance enables traders to scale up to the next available account size. It’s essential to note that scaling the account does not entail forfeiting the profit split or initiating a new evaluation period on the scaled Two-phase Audition. In the scaled phase, traders are still required to meet the 8% profit target in phase one and the 5% profit target in phase two.
– $25,000 – 8% – 5% – $50,000
– $50,000 – 8% – 5% – $100,000
– $100,000 – 8% – 5% – $250,000
– $250,000 – 8% – 5% – $500,000
Add-ons for SurgeTrader’s Two-Phase Audition
– No Stop-loss Requirement
– 75% – 90% Profit Split
Two-phase Audition Trading Rules & Objectives
– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
– Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
– Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 8%.
– Stop-loss Required – Before initiating a trade, it is mandatory for the trader to place a stop-loss on each position. (Not mandatory with Add-on)
– Lot Size Limit – Limitation of lot sizes for specific trading instruments. These are, in most cases, set based on the initial account balance of your trading account. Please refer to the following lot size limitations in the spreadsheet below.
Lot Size Limitations
– $25,000 2.5 Lots
– $50,000 5 Lots
– $100,000 10 Lots
– $250,000 25 Lots
– $500,000 50 Lots
Account Sizes:
– $10.000 – $50
– $25.000 – $100
– $50.000 – $180
– $100.000 – $300
Add-ons for SurgeTrader’s Lightning Audition
– No Stop-loss Requirement
– 75% – 90% Profit Split
– Double Leverage of 1:20
The Lightning Audition doesn’t have a scaling plan.
Lightning Audition Trading Rules & Objectives
– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 5%. Funded accounts do not have any specified profit targets.
– Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 3%.
– Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 4%.
– Maximum Trading Period – The maximum trading duration during which you must reach your required profit target and conclude your evaluation phase. The evaluation phase has a maximum trading period of 7 calendar days.
– Stop-loss Required – Before initiating a trade, it is mandatory for the trader to place a stop-loss on each position. (Not mandatory with Add-on)
– Lot Size Limit – Limitation of lot sizes for specific trading instruments. These are, in most cases, set based on the initial account balance of your trading account. Please refer to the following lot size limitations in the spreadsheet below.
Lot Size Limitations
– $10,000 – 1 Lot
– $25,000 – 2.5 Lots
– $50,000 – 5 Lots
– $100,000 – 10 Lots
Proof of Payment
SurgeTrader, a proprietary trading firm incorporated on September 3, 2021, boasts a thriving community of traders who have not only reached funded status but also qualified for a profit split.
Once you achieve funded status through the One-phase Audition, Two-phase Audition, or Lightning Audition while collaborating with SurgeTrader, you become eligible for your initial payout on the first day if you generate a profit. Subsequently, following the first payout, you qualify for payouts every 30 calendar days if you surpass your initial account size. The profit split is notably generous, ranging from 75% to 90%, based on the profit generated from your funded One-phase Audition or Lightning Audition. For the Two-phase Audition, the profit split is equally favorable, ranging from 80% to 90%.
For evidence of SurgeTrader payment transactions, numerous websites feature testimonials and comments from their traders, Trustpilot being one example where traders share their experiences and successful payout processes. Additionally, SurgeTrader‘s Discord channel and Instagram page serve as valuable sources of payment proof, showcasing numerous payout certificates from their most successful traders.
Conclusion
In summary, SurgeTrader stands out as a trustworthy proprietary trading firm, offering traders a choice among three funding programs: the One-phase and Lightning Audition, both one-step evaluations, and the Two-phase Audition, a two-step evaluation.
The One-phase Audition is a single-step evaluation requiring the completion of a sole phase to qualify for managing a funded account and earning profit splits ranging from 75% to 90%. Traders need to achieve a 10% profit target for successful funding, with reasonable trading objectives and adherence to a 5% maximum daily and 8% maximum trailing loss. There are no minimum or maximum trading day requirements during the evaluation phase, providing flexibility, and it’s noteworthy that the One-phase Audition includes a scaling plan, allowing for an increase in the initial account balance.
The Two-phase Audition, an industry-standard two-step evaluation, necessitates completing two phases to qualify for managing a funded account and earning profit splits of 80% to 90%. Traders need to achieve profit targets of 8% in phase one and 5% in phase two for successful funding, with similar reasonable trading objectives and adherence to a 5% maximum daily and 8% maximum loss. There are no minimum or maximum trading day requirements during both evaluation phases, providing flexibility, and the Two-phase Audition includes a scaling plan, allowing for an increase in the initial account balance.
The Lightning Audition is also a one-step evaluation, requiring the completion of a single phase to qualify for managing a funded account and earning profit splits of 80% to 90%. Traders need to achieve a 5% profit target for successful funding, with reasonable trading objectives and adherence to a 3% maximum daily and 4% maximum trailing loss. There is a one-week time limitation to reach the profit target, and there are no minimum trading day or trade requirements. Importantly, the Lightning Audition does not feature a scaling plan.
For individuals seeking a reputable proprietary trading firm catering to diverse trading styles, SurgeTrader is recommended. They offer unique features such as unlimited trading periods (except Lightning Audition), no minimum trading day requirements, a first withdrawal from day one after achieving funded status, account sizes up to $1,000,000 (One-phase Audition), and various add-on features. Considering all these offerings, SurgeTrader stands as one of the industry-leading prop firms.
SurgeTrader Review (10% discount: PROPFIRMTRADING) Details
Trading Platforms
Deposit Methods
Bank Transfer, Crypto, Debit/Credit Card
Withdrawal Methods
Bank Transfer
Account Size
$10.000, $25.000, $50.000, $250.000, $500.000, $1.000.000
Tradable Instruments
Commodities, Crypto, Forex, Indices, Metals, Stocks
Rules
Lot Size Limit, Maximum Daily Loss, Maximum Loss, Maximum Trading Period, Maximum Trailing Drawdown, Profit Target, Stop-loss Required
Brokers
ThinkMarkets
Account Currencies
USD
Trading Programs
One Step Challenge, Two Step Challenge
Incorporation
September 2021
CEO
Jana Seaman
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