Surge Trader safety and regulation
Surge Trader prides itself on providing an accessible and transparent proprietary trading service to its clients. In this article, we'll answer the questions of whether Surge Trader is a legitimate platform, its adherence to regulation in various countries, how it protects investors from fraudulent activity and scams, and list out certain advantages their platform provides. Additionally, we'll provide an overview of the company's history, as well as a list of countries where residents can sign up and become clients.
Is Surge Trader legit?
SurgeTrader was founded in May 2021, so it has quite a short history. Users looking for a safe proprietary trading firm are sometimes put off by this, resulting in them having no trust in it.
We have found some evidence, however, that shows this company can be trusted and is a good candidate to become a funded trader.
The company is based in the United States, a country where laws relating to financial services are strictly enforced. The company is located at 405 5th Avenue South, Naples, Florida, 34102.Surge Capital Ventures, LLC is the name under which this prop firm operates, with a registration authority ID RA000603.
However, trades executed by the proprietary company's clients go through Eightcap, a broker regulated by two well-known agencies, the Australian Securities and Investment Commission and the Bahamas Securities and Compensation Board.
Is Surge Trader legit in my country?
Surge Trader is a regulated and legitimate trading platform available to residents of many countries around the world. Surge Trader has an expansive list of countries in which it operates; some examples include Australia, Canada, Chile, France, Germany, India, Italy, Mexico, Japan among others.
Is Surge Trader regulated by governments?
Surge Trader has obtained licensing or registration with The Australian Securities and Investments Commission (ASIC). This ensures that it follows all applicable regulations in the countries it operates in while also providing additional security for their clients’ investments.
Surge Trader Trading SignalsIs Surge Trader a scam or safe?
The company follows strict procedures and protocols to ensure investor safety, such as verifying identities, using secure encryption technology for transactions, and monitoring transactions and accounts for any suspicious activity.
Furthermore, they also offer numerous investor protection measures such as segregated accounts where funds are kept separate from operating capital, insurance policies on client funds, and up to $100k against loss of principal.
Additionally, Valo holdings group backs Surge Trader. Our favorite part of the company is that it is part of a real organization. It's common to see 'prop firms' pop up without any real backing, money, or organization. The fact that these funded accounts are backed by an actual corporation gives me confidence and there needs to be much more of it within the industry.
Overall, Surge Trader is a legitimate and safe company that offers an impressive variety of investment options to its customers. With their strict regulations and protections for investors, this platform can be seen as a secure and trustworthy way to start building financial portfolios.
Surge Trader pros and cons
👍 Surge Trader pros:
• Offers a number of investor protection measures
• Licensing/ registration with The Australian Securities and Investments Commission (ASIC).
• Sophisticated anti-fraud systems which detect any attempts at unauthorized use of payment instruments or other irregularities while processing payments, giving investors peace of mind knowing their funds will be safe from fraudulent activity and scams.
• 24/7 customer support teams who are available to answer questions regarding potential scams or fraudulent activities as well as provide guidance when needed.
👎 Surge Trader cons
• There is a high exam cost of 250-6500 USD. Retaking the exam can be discounted up to 20% if trade requirements are violated.
• Conditions are tough. Maximum loss is 4%, and daily drawdown is no more than 5%.
•Leverage is small. The leverage ranges from 1:2 to 1:10, depending on the asset type.
Surge Trader background
Founded in May 2021, SurgeTrader is a proprietary trading firm owned by Surge Capital Ventures, LLC. It was created by seasoned Forex trading veterans, including brokerages and venture capitalists. They help profitable traders accelerate funding in order to capitalize on their successes.
It has a huge growth worldwide, despite its short life, mainly due to its transparency regarding its trading rules and its simplicity. Based in Florida, United States, this firm has been growing rapidly worldwide, and for several reasons. For managing their capital, you won't need to follow dozens of complicated rules. Unlike other prop trading firms, the evaluation process here is very straightforward. Additionally, it offers the ability to manage up to $1,000,000 of capital, with a profit split system that rewards the trader with 75%.
Furthermore, SurgeTrader does not restrict the types of trading strategies you can use (hedging strategies, automated or algorithmic trading, fundamental analysis, etc.), as there are no restrictions.
Payouts are processed quickly, and there is no minimum amount set. Profits are available once a month at any time.
FAQ
Is SurgeTrader legit?
According to our research, SurgeTrader is a real company based in Naples, Florida, USA, and we have found no major red flags during our research and reading online reviews about the company.
Who can be a funded trader with Surge Trader?
Anyone over 18 can become a funded trader on SurgeTrader. The SurgeTrader Auditon requires you to demonstrate profitability and responsible risk management in order to qualify for funding.
How long does it take to become a funded trader with SurgeTrader?
Unlike other firms, SurgeTrader does not require you to trade every day. SurgeTrader trade audit requires a minimum 10% return in your account without a trailing drawdown greater than 5% or a daily drawdown greater than 4%.
Is there a discount for a repeat SurgeTrader Audition?
Yes. SurgeTrader is committed to helping you succeed. Their goal is to provide traders with talent a platform to develop and increase their returns. The company is here to assist you rather than penalizing you for the full fee. Following the first SurgeTrader Audition, SurgeTrader offers 20% off every subsequent one.
Related Articles
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
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.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.