SurgeTrader Review 2025

I recently completed SurgeTrader’s prop trader challenge and wanted to share my experience, particularly regarding the two audition phases. Now, I’m not a new trader by any means, but I was looking for a prop firm with a good reputation and clear rules. SurgeTrader fit the bill.

The first phase offers a single profit target of 8% with a 5% daily loss limit. This phase was relatively straightforward. I liked the simplicity of the rules and the fact that there wasn’t a time limit. However, some traders might find the 5% daily loss limit a bit restrictive, especially for news trading strategies.

The second phase introduces a higher virtual funding amount but lowers the profit target to 5%. This phase also keeps the 5% daily loss limit. While the lower profit target might seem easier to achieve, SurgeTrader introduces a “max drawdown” rule at 8%. This means that if your account value falls below 92% of the starting balance, the challenge ends.

So, about SurgeTrader. Did some research, seems like they tick the boxes for me. High leverage, check. No contract limits, check. No time restrictions, check. Can swing trade, even hold over weekends, check. Starting account size? Yep, $500k. They accept business accounts like S-Corp or LLC, and US traders are cool too. Only downside? Can't scale beyond $1 mil, unlike some others. But hey, not a big deal for now. Overall, not bad.

I recently started learning about forex trading and decided to check out SurgeTrader’s educational section. As a complete beginner, I was impressed by the range of resources available.

SurgeTrader offers a variety of whitepapers on a wide range of topics, from understanding basic concepts like moving averages to more complex strategies. I found the whitepaper on “Understanding Leverage and Margin” to be particularly helpful. Forex trading involves leverage, and it’s important to understand the risks before jumping in. This whitepaper explained leverage and margin in a clear and concise way, with real-world examples that helped me apply the knowledge.

Another feature I liked were the downloadable guides on specific trading tactics. For instance, I downloaded the guide on “How to Scale In and Out of Positions.” This tactic can help you maximize profits and minimize losses, and the guide explained it in a step-by-step manner with illustrations. I found this to be a practical guide.

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SurgeTrader's withdrawal process is definitely a plus. Got my first profit payout within a few days, which is nice. The platform itself is alright, nothing fancy. But hey, at least it works. Overall, it's not a bad option for experienced traders who want a shot at a bigger account. Just be aware of the audition cost and do your research before jumping in.

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.

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.

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.