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SurgeTrader Trading Signals - TU Expert review

Updated: April 04, 2024
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Official SurgeTrader
website Full SurgeTrader
overview

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SurgeTrader Fees and Minimum Deposit

Table of Contents

  • Intro
  • Short introduction
  • Pros and cons
  • What are trading signals?
  • SurgeTrader Trading Signals
  • Conclusions
  • FAQs
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of SurgeTrader trading signals. You will learn what kinds of trading signals SurgeTrader offers and what the conditions for using them are.

Short introduction of SurgeTrader

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

SurgeTrader Pros and Cons

👍 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%.

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

  • Copy trading.

  • Email alerts.

  • Signals through a blog on the website.

  • Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

SurgeTrader Trading Signals

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

Conclusion

Based on the results of the analysis of the SurgeTrader trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.

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FAQs

Are there fees charged for trading signals?

Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.

Can trading signals be provided for free?

Brokers may offer free and paid trading signals.

How do I test the signals if I can’t do it on a demo account?

In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

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