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SurgeTrader Review 2024

13

in rating

6.01

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $250

Trading platform:

  • MT4
  • MT5
  • ThinkTrader
Regulation:
  • FCA
  • ASIC
  • FSCA
  • FSA
  • CySEC
  • JFSA

SurgeTrader Review 2024

Ivan Andriyenko
Ivan Andriyenko
Contributor
Ivan Andriyenko
Ivan Andriyenko Author at Traders Union
  • Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.

Learn about our editorial policies.

Dr. BJ Johnson
Reviewed by Dr. BJ Johnson
Editor
Dr. BJ Johnson
Dr. BJ Johnson Developmental English Editor
  • Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito
Fact-checked by Mirjan Hipolito
Cryptocurrency and stock expert
Mirjan Hipolito
Mirjan Hipolito Cryptocurrency and stock expert
  • Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.
Updated:
Updated: January 02, 2024
Ivan Andriyenko
Contributor
Dr. BJ Johnson Reviewed by Editor
Mirjan Hipolito Fact-checked by Cryptocurrency and stock expert
Visit SurgeTrader
Your capital is at risk.

13

in rating

6.01

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $250

Trading platform:

  • MT4
  • MT5
  • ThinkTrader
Trading features:
  • Trading through ThinkMarkets broker, but subject to SurgeTrader terms and conditions
Leverage:
  • 10:1 with an upgrade to 20:1 on forex and metals

Summary of SurgeTrader Trading Company

SurgeTrader is a moderate-risk prop trading firm with the TU Overall Score of 6.01 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by SurgeTrader clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews. SurgeTrader ranks 13 among 40 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.

SurgeTrader is a relatively strict prop that supports professional traders with venture capital investments.

Editor’s Warning:

Traders’ funding is an unregulated sphere, enabling companies to make exaggerated promises and embellish reality. In fact, people mostly lose money by paying the fee for the Challenge (testing) and not receiving funding. That’s why I recommend skipping this game, and honing your skills with one of the reliable Forex brokers, leaders of our rating.

Rinat Gismatullin
Rinat Gismatullin
Author and business expert
Opinions expressed by Traders Union Contributors are their own.

As a chief expert at Traders Union, my primary concern is the interests of our website’s readers, and how to help them preserve capital and prevent loss.

Therefore, before you read this article, in which we looked into the best proprietary trading firms, I would like to warn you about the specifics of working with prop firms that promise funding for traders.

Our research shows that people mostly lose money with these firms, failing to pass the testing stage (challenges). Those who do get the funding are likely to still lose money upon failing to meet certain conditions of the agreement with many hidden clauses. Often, proprietary trading firms make their money not from their share of profits of successful traders, as their websites claim, but from the fees users pay for testing. The funding in itself is essentially nothing more than leverage for you, which licensed brokerages also offer.

This is why I advise against using prop firms, and working with licensed Forex brokers instead. Once you learn to earn stable profit with a real broker, you won’t need to look for a prop firm, because you will be doing well on your own.

Here are several brokerage companies I can recommend:

1
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2
5.28 /10
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3
6.68 /10
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SurgeTrader is a prop company that offers traders capital from USD 25,000 to manage after passing the exam. It is a multinational company headquartered in Florida (USA). Financing is provided by the venture fund Valo Holdings.

💰 Account currency: No data
🚀 Minimum deposit: USD 250 
⚖️ Leverage: 10:1 with an upgrade to 20:1 on forex and metals
💱 Spread: From 1 point
🔧 Instruments: Currency pairs, cryptocurrencies, commodity market assets, stock assets
💹 Margin Call / Stop Out: No data

👍 Advantages of trading with SurgeTrader:

  • Reliability. Venture capital is provided by an international venture fund. Trading is carried out through affiliate broker ThinkMarkets, which is licensed by a number of regulators worldwide - FCA (UK), ASIC (Australia), CySEC (Cyprus), JFSA (Japan), FSCA (South Africa), and the FSA (Seychelles).
  • No restrictions on the use of strategies. Any strategy may be applied, subject to the trading rules of the company. Permissible strategies include algorithmic trading, hedging, scalping, and Martingale.
  • High income of the trader is 75% of the money earned.
  • A wide range of assets includes more than 100 instruments as well as cryptocurrencies.
  • No risk. If the maximum loss and drawdown requirements are met, the loss is covered by SurgeTrader.
  • Transparency and loyalty. All legal documents and conditions are available on the website in the public domain. The company allows violations of trading rules if they are random and not systematic.

👎 Disadvantages of SurgeTrader:

  • The high exam cost is from USD 250-6,500. In case of violation of trade requirements, the discount for re-taking the exam is up to 20%.
  • Tough conditions. The daily drawdown is no more than 5%, and the maximum loss is up to 4%.

Evaluation of the most influential parameters of SurgeTrader

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

6.20

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

9.32

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

7.23

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

8.12

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

9.00

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

5.06

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

8.21

/10

Trade with this prop-trading company, if:

  • You're unsure about the required balance and want options. SurgeTrader offers 6 accounts with a 1-stage challenge and 5 accounts with a 2-stage challenge. You can receive from $25,000 to $1 million.
  • Your goal is to maximize profits by any means. You have the option to scale your account, increasing the balance and profit share. The maximum share is 90%. Leverage is up to 1:20.

Do not trade with this prop-trading company, if:

  • You're not prepared to overpay at the start. SurgeTrader's minimum deposit is $250 for a $50,000 balance. Many competitors charge 2-3 times less for the same balance.
  • Constraints and limits prevent you from unleashing your potential. SurgeTrader has some of the strictest drawdown limits — a daily limit of 5% and an overall limit of 8%. Many platforms allow double the drawdown or even have no daily limits at all.
Table of Contents

Geographic Distribution of SurgeTrader Traders

Popularity in

45.1%
US
United States
11.02%
CA
Canada
4.76%
FR
France
2.7%
IN
India
2.52%
PH
Philippines
27.9%
Others
Others

User Satisfaction i

42 comments
Total score:
6.6 /10

Share your experience

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Pro Saru84
2 weeks ago
Social link Verified
Location IN New Delhi
Dignity

Availability of a debit account

Shortcomings

I don't know yet

Alright, so I finished the SurgeTrader challenge. Took me a while, but I finally hit the target for the $25k account. The whole thing is kinda pricey though, especially since it's just a demo to "prove" yourself.
Now I'm on the virtual account, and gotta say, trading with that much fake money is pretty cool. But I'm still unsure about the profit share. 90% sounds good, but we'll see how that works out when I actually make some real profits.
Overall, it's a chance to trade with a big account, but I wouldn't recommend it unless you're sure you can handle the challenge cost.

11
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Pro Hayk Harutyunyan
4 weeks ago
Social link Verified
Location AM
Dignity

Good conditions to start trading

Shortcomings

Questionable trading conditions

Been trying to break into prop trading for a while now and SurgeTrader seemed like a decent option. They offer big account sizes, which is tempting, but whoa, the cost to even take the challenge is crazy high! Especially for the smaller accounts. $250 for a shot at a 25k account? That's a big chunk of change to risk upfront, especially for someone new. Makes you wonder if they're more interested in the fees than finding good traders.

0
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3323
8 weeks ago

I'm trying out trading with SurgeTrader. I want to manage an investment account and trade for a percentage. They assure that traders can get up to 75% of the profit here. That would be nice. But the trial conditions at SurgeTrader are not that challenging, I wouldn't say. Enduring a 5% drawdown is more than realistic. Overall, I think I'll be able to trade here.

0
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AMIN
11 weeks ago

I'll highlight the pros and cons of the prop broker SurgeTrader. The very first advantage is the absence of a trial period, as seen with many other brokers. You'll receive a response within 24 hours on whether you'll be trading or not. Usually, the answer is positive. However, a challenging period follows. The minimum deposit for management is $25,000. This is the first stage, Audition. If the trader progresses, there are second and third stages. Only after passing these stages does the stage of managing real investor funds come into play. SurgeTrader's stages are complex, but with trading experience, one can become a managing trader.

0
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sumanvisa
14 weeks ago

One of the decent platforms where a trader can manage an account with a capital of $25,000 and above is SurgeTrader. The SurgeTrader broker is popular among those involved in managing investor accounts. One downside here, in my opinion, is that the fee for completing the challenge in SurgeTrader is not refunded under any circumstances. Another potential drawback is the size of the leverage. They set the leverage at 1:10 for me. Otherwise, the broker completely satisfies me.

0
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rhd123
18 weeks ago

SurgeTrader has been providing Forex trading services for a long time. I have never heard or noticed that the broker deceives its clients. As with any broker, there are advantages and disadvantages. But I believe that SurgeTrader has quite a lot of advantages. That’s why I’ve been trading with this broker for five years now.

0
Responses to a comment
sagarlukhi to rhd123
11 weeks ago

I am currently undergoing the Audition process with SurgeTrader. I believe there are no particular difficulties here, as I have been trading Forex for over three years. My goal is to obtain the management of $100,000.

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ecasil26
20 weeks ago

The conditions for completing the challenge at SurgeTrader are very strict. Although quite recently they said that the requirements for drawdown and losses would ease. But this is no longer relevant to me. I completed my challenge phase successfully. And now I have received $50,000 for management. SurgeTrader fulfills its obligations to its clients.

0

Expert Review of SurgeTrader

SurgeTrader is a classic prop company that allows traders to work with investors' money. The core of the proposal is as follows: are you confident in your abilities and your experience? Then you need to choose one of the company's course exam packages, get trained, and confirm your knowledge by passing the SurgeTrader Audition. Unlike other companies, SurgeTrader does not have a 30-day trial period. If you pass the test, within 24-48 hours you are assigned the appropriate status. This is one of the key advantages of the company.

The second advantage of SurgeTrader is high trading commissions. The trader receives an account from USD 25,000 to $1 million under management, depending on the initially chosen package. And 75% of the profit is the trader's income. But to get it, the trader must adhere to fairly strict trading rules regarding the maximum daily loss and drawdown. Although the company is loyal to non-critical violations and can be flexible with the trader, for major violations it has a zero-tolerance policy, which includes the cancellation of the “SurgeTrader” status and the need to re-pay the cost of the course.

The first impression of SurgeTrader is positive. The terms of trade are formulated very clearly, and there are not many of them. The price of the courses is relatively high, but this is offset by the nonexistence of a test period, loyalty to random errors, and the opportunity to reach your full potential. There are no restrictions on the strategies used.

How to get funded with Surge Trader prop company

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of SurgeTrader’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
Percentage of the Traders Union users who chose this broker

Investment Programs, Available Markets and Products of the Broker

SurgeTrader is an investment company in and of itself, ready to invest in professional traders. SurgeTrader works with a venture investment fund that is ready to transfer money to the management of the traders who have proved their professionalism on a test account. 

SurgeTrader is a prop trading platform for confident traders

The prop trading model of SurgeTrader works as follows:

  • The trader pays for testing. The fee was introduced to eliminate beginners and traders without experience who are not ready for long-term cooperation. The amount depends on the chosen tariff plan. Tariff packages differ in the requirements for the target profit transferred to the management of the deposit.

  • Within a few minutes after the payment, the trader gets access to the account on the ThinkMarkets broker platform. The task is to earn money following the trading rules.

  • After passing the test mode, the trader gets access to a funded account. Its conditions are fully consistent with the conditions of the test mode. If a trader has paid for the exam package with access to USD 50K, in case of successful completion of the exam, he will receive a funded invoice for USD 50K.

There is a demo account for testing the trading platform. On it, you can go through test trading before paying for the exam. The trader's profit is 75% of the money earned. In case of major violations, the trader's account is disqualified, after which it is offered to pay for the exam with a 20% discount and take it again.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

SurgeTrader’s affiliate program: 

  • The affiliate program is a classic affiliate program that provides a reward of up to 20% of the amount of the exam payment for each referral involved.

To obtain the status of an affiliate, you need to send an application by email, after which the company will provide access to the affiliate account. The account tools allow you to track affiliate statistics and the effectiveness of a marketing campaign. Remuneration payments are made at the beginning of each month.

Trading Conditions for SurgeTrader Users

SurgeTrader, through its affiliate, the ThinkMarkets broker, provides access to over 100 OTC assets. The account is single, and trading conditions are presented on the broker's website. Additional conditions for trading on a funded account are available on the SurgeTrader website.

$250

Minimum
deposit

1:10

Leverage

24/5

Support

💻 Trading platform: MT4, MT5, ThinkTrader
📊 Accounts: Funded account
💰 Account currency: No data
💵 Replenishment / Withdrawal: Bank cards, PayPal
🚀 Minimum deposit: USD 250 
⚖️ Leverage: 10:1 with an upgrade to 20:1 on forex and metals
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: From 1 point
🔧 Instruments: Currency pairs, cryptocurrencies, commodity market assets, stock assets
💹 Margin Call / Stop Out: No data
🏛 Liquidity provider: No data
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Market execution
⭐ Trading features: Trading through ThinkMarkets broker, but subject to SurgeTrader terms and conditions
🎁 Contests and bonuses: Yes
Open a real account
Your capital is at risk.

Comparison of SurgeTrader to other prop firms

SurgeTrader Topstep FTMO Funded Trading Plus Earn2Trade The Trading Pit
Trading
platform		 EightCap M4, EightCap M5 Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net MetaTrader4, MetaTrader5, cTrader MetaTrader4, MetaTrader5 NinjaTrader, R Trader Pro, Finamark MetaTrader4, MetaTrader5, BOOKMAP, R Trader, QUANTOWER
Min deposit $250 $1 $155 $119 $90 $99
Leverage From 1:1
to 1:10 		From 1:1
to 1:100 		From 1:1
to 1:500 		From 1:1
to 1:30 		From 1:1
to 1:1 		From 1:1
to 1:30
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0.1 points From 0 points From 0 points From 0 points From 0 points From 0 points
Level of margin call
/ stop out		 50%  /  50% 1%  /  1% 50%  /  50% No 10%  /  10% No
Execution of orders Market Execution ECN Instant Execution Market Execution Market Execution No
No deposit bonus No No No No No No
Cent accounts No No No No No No
Compare with other Brokers

Prop firms’ comparative table by trading instruments

SurgeTrader Topstep FTMO Funded Trading Plus Earn2Trade The Trading Pit
Forex Yes No Yes Yes No Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes No Yes
CFD Yes No Yes Yes No Yes
Indexes Yes No Yes Yes Yes Yes
Stock Yes Yes Yes No Yes Yes
ETF No No No No No No
Options No No No No No No

SurgeTrader Commissions & Fees

Information
The Traders Union analysts carried out a comparative analysis of the commissions that will need to be paid to SurgeTrader when working on Forex through the ThinkMarkets broker. The prop company does not charge commissions, its income is 25% of the profit earned by the trader. But there are commissions of payment systems and on spreads.
Account type Spread (minimum value) Withdrawal commission
ThinkZero From $1 No
Standard From $4 Yes

There are swaps commissions (for transferring a position to the next day). On the MT5 account, with a spread of 0 pips, there is a fixed commission of USD 3.5 for each full lot.
Also, the Traders Union analysts compared the fees of SurgeTrader with the fees of other Proprietary Trading Firms. The average value of both broker accounts, converted into USD, was taken as a basis. There are no commissions for withdrawing money.

Detailed Review of SurgeTrader

SurgeTrader is a prop company that provides venture capital funds to traders who do not have their own start-up capital, but who are ready to earn money professionally. The trader chooses a tariff package that specifies the amount provided for management and the target profit. Taking the exam costs from USD 250 to $6,500. The higher the cost of the package, the more money the trader will receive on the funded account in case of successful completion of the test.

Surge Trader Scaling Plan

Conditions for traders:

  • The conditions are tough. The daily drawdown is no more than 5%, the maximum daily loss is no more than 4%.

  • Mild conditions: obligatory setting of stop-loss orders, closing trades before the weekend, the maximum trades volume following the amount of the managed deposit. For example, for a deposit of USD 25K, it is 2.5 lots, and for USD 50K, it is 5 lots.

Other conditions are not provided. In case of a violation of the tough conditions, the trader's account is disqualified and the trader must re-take the paid exam. Violations of the mild conditions are acceptable but undesirable.

SurgeTrader is a prop company for professional traders

The main points the trader should know about the SurgeTrader prop company:

  • Anyone over the age of 18 can become a managing trader, who will show profitability and the ability to manage risks. The trader does not invest his money. He only pays the cost of the exam. If the demo account shows a return of 10% under tough and mild conditions, the trader gets a real funded account.

  • The Trader's income is 75%. Losses within the limits allowed by the company are covered by SurgeTrader.

  • When reinvesting, the percentage of allowable drawdown increases. If a trader has made a profit, he can increase the level of risk at its expense.

  • Account activity must be maintained at least once a month.

  • In case of disqualification of the account, the profit received is distributed following the conditions.

  • There is a limit on the maximum number of open lots.

  • All strategies are allowed. But the company can, at its discretion, influence high-risk trades.

  • Leverage. For cryptocurrencies, it is 1:2; for fiat currencies, oil, metals, and indices, it is 1:10; and for stocks, it is 1:5.

SurgeTrader operates through the ThinkMarkets broker, so it makes sense to look at its website as well because the trader will also have to deal with its trading conditions. But, since the trader has an agreement with SurgeTrader, the conditions of the prop company are basic.

Useful services of the SurgeTrader broker:

  • Membership in BKForex. Each trader who successfully passed the exam receives 1 month of free membership in the community. The community provides free trading ideas, webinars, a chat forum, a fundamental heatmap, unique trading ideas, etc. Paid access at the end of the grace period is USD 175 per month.

Advantages:

1

No commissions. The trader pays for the exam and there are no other payments. There are no commissions for withdrawing money.

2

Opportunity to develop your own trading business without investment. SurgeTrader provides money to start.

3

High commissions. The trader's profit is 75% of the money earned.

4

There is a free testing mode that allows you to understand the technology of prop trading.

How to Start Making Profits — Guide for Traders

To start cooperation, you must apply by email and pay for the selected tariff package. After payment, access to the test account and the conditions for its launch will be sent to your email. The conditions are to receive 10% profit and comply with the trading conditions of the prop company. After passing the exam, access to a real account with conditions similar to a test account is sent to the email.

Package types:

Package Type
Description
Starter
USD 250. Under management - USD 25,000.
Intermediate
USD 400. Under management – USD 50,000.
Seasoned
USD 700. Under management – USD 100,000.
Advanced
USD 1800. Under management – USD 250,000.
Expert
USD 3,500. Under management – USD 500,000.
Master
USD 6,500. Under management – USD 1 million.

For each package, there are restrictions on the trade volume. The more funds there are under management, the greater the allowable trade volume is.

How to open a Surge Trader account

Bonuses paid by SurgeTrader

The SurgeTrader bonus program assumes a gradual increase to the next tariff package upon reaching 10% of the profit from the managed portfolio. After passing the exam, the trader is offered two options: get an account with a deposit corresponding to the selected tariff package, or continue the test period for free with a target profit of 10% to move to the next tariff level. The core of the bonus is that having paid a minimum package of USD 250, a trader can gradually reach the Advanced package. The offer does not apply to Expert and Master packages.

Investment Education Online

Information

Free educational materials are presented in the "Free Trader Resources" subsection. Among them, there are articles on general topics about the rules of trading and professional technical reviews of tools. After passing the exam, a trader is granted access to the BKForex community for 1 month, led by analysts Kathy Lien and Boris Schlossberg.

Information available in the Free Trader Resources section
Information not available on the SurgeTrader website
Market reviews
Information is general and is not a complete training base.
Risk management rules
 
Trading system development rules
 
Blog
 

There is a free account for training.

Security (Protection for Investors)

Information

SurgeTrader is an international private company partnering with Valo Holdings venture fund. The company operates under US financial laws. Trading is carried out using the technologies and platforms of the ThinkMarkets, which is licensed by a number of regulators worldwide - FCA (UK), ASIC (Australia), CySEC (Cyprus), JFSA (Japan), FSCA (South Africa), and the FSA (Seychelles).

Surge Trader safety and regulation

👍 Advantages

  • Oversight of reputable global regulators 
  • SurgeTrader cooperates with well-known investment funds and managers

👎 Disadvantages

  • Bureaucracy and complexity of resolving a disputed issue for private traders from jurisdictions other than the United States

Withdrawal Options and Fees

  • Withdrawal of money is allowed once a month. Withdrawal requests are accepted at any time.

  • Available systems for replenishment and withdrawal of money include banking systems and PayPal.

  • When withdrawing money, a recalculation is made taking into account the maximum and minimum sliding drawdowns. A trader cannot withdraw all 75% of the profit in full. You can learn more about this in the FAQs section.

  • There are no commissions for withdrawing money.

Customer Support Service

Information

Traders can seek help from SurgeTrader and the ThinkMarkets broker.

👍 Advantages

  • Assistance from both the prop company and the broker that owns the platforms

👎 Disadvantages

  • Not observed

The company offers the following communication channels:

  • Feedback form.

  • Email.

  • Social media.

  • Chat on the company's website.

  • Free telephone connection. 

Registration to contact the Support Service is not required.

Contacts

Foundation date 2018
Registration address 405 5th Ave South Naples, Florida 34102
Regulation FCA, ASIC, FSCA, FSA, CySEC, JFSA
Official site https://www.surgetrader.com/
Contacts Email:  info@surgetrader.com,
Phone:  866-998-0883
Sign up for SurgeTrader
Your capital is at risk.

Review of the Personal Cabinet of SurgeTrader

To gain access to the user account, a trader must complete an application and pay for the package. Only after doing that, will the settings and access be sent to the trader.

How to apply:

1

Click on the "Start Trading" button.

SurgeTrader Review — Registration
SurgeTrader Review — Registration
SurgeTrader Review — Registration
SurgeTrader Review — Registration
2

You will be offered to choose a tariff package and then a platform.

SurgeTrader Review — Choosing a trading platform
SurgeTrader Review — Choosing a trading platform
SurgeTrader Review — Choosing a trading platform
SurgeTrader Review — Choosing a trading platform
3

Confirm the trading package purchase.

SurgeTrader Review — Buying a trading package
SurgeTrader Review — Buying a trading package
SurgeTrader Review — Buying a trading package
SurgeTrader Review — Buying a trading package

Available blocks in the broker's user account:

  • Management of basic profile information and verification.

  • Management of financial and trade information.

  • Analytics, financial events, and training.

  • Customer, financial, and technical support services.

Disclaimer:

Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
SurgeTrader Review SurgeTrader Review
Find out how SurgeTrader stacks up against other brokers.

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FAQs

How do client reviews impact SurgeTrader rating?

Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about SurgeTrader you need to go to the company's profile.

How can I leave a review about SurgeTrader on the Traders Union website?

To leave a review about SurgeTrader , you need to register on the Traders Union website.

Can I leave a comment about SurgeTrader if I am not a Traders Union client?

Anyone can post a comment about SurgeTrader in any review about the company.

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