Surge Trader minimum deposit and account details
SurgeTrader is a prop company that gives traders $25,000 in funds to manage upon completing a test. It is an international corporation with headquarters in Florida (USA). The financing comes from the venture capital firm Valo Holdings.
If you are interested in Surge Trader minimum deposit for trading, then this article is meant for you. The article analyzes all the details regarding Surge Trader minimum deposit and payment methods. These details will help you get a clear understanding of the trading conditions of Surge Trader and other brokers.
What is the Surge Trader minimum deposit?
Surge Trader's minimum deposit is $250, and this is the audition fee for the starter package. The profit share of the starter goes up to 90%, and the targeted profit is 10% of the amount deposited. The daily loss limit for a starter is 5%, and the leverage is 20:1. The max trailing drawdown is 8%. The audition fee is $250
Surge Trader minimum deposit vs. competitors
| FTMO | SurgeTrader | Kinglab | |
|---|---|---|---|
| Minimum Deposit | $155 | $250 | No data |
| Instruments | Currency pairs, stocks, stock indices, commodities, cryptocurrencies |
Currency pairs, cryptocurrencies, commodity market assets, stock assets |
No data |
| Leverage | Up to 1:100 | 1:2 - 1:10 depending on the asset type |
No data |
| Platforms | Classic platforms such as MT4, MT5, and Ctrader |
MT4 EightCap and MT5 EightCap |
No data |
Surge Trader deposit methods and fees
When selecting a broker, the deposit method and fees associated with trading in the forex market are important factors. Brokers offer different methods of depositing funds into your accounts, such as bank wire transfers, credit or debit cards, or e-wallets. Choosing a broker that offers reliable payment methods with low fees and a short processing time is important.
Surge Trader deposit methods vs. competitors
| FTMO | SurgeTrader | Kinglab | |
|---|---|---|---|
| Bank Transfer | Yes | Yes | No data |
| Debit/Credit Card | Yes | Yes | No data |
| Payment apps | Yes | Yes | No data |
| Cryptocurrencies | Yes | Yes | No data |
Surge Trader deposit fees
There is only one audition fee based on the package chosen.
There are no monthly fees, no recurring costs, and no hidden costs. It is a one-time investment
Surge Trader deposit - processing time
Surge Trader deposit time is 24-48 hours.
In contrast to other prop trading organizations that take two business days or more to examine and verify your assessment, SurgeTrader will have your account funded within 24 to 48 hours of your request.
Following successful completion of the payment, the Trader is granted access to their account on the EightCap broker platform within a few minutes.
Surge Trader account currencies
| FTMO | SurgeTrader | Kinglab | |
|---|---|---|---|
| Account Currencies | USD, EUR, GBP, CZK, CAD, AUD, CHF |
USD | No data |
FTMO has a wide range of currencies including US dollar, Euro, Great Britain Pound, Canadian dollar, Czeck Koruna, Australian dollar, and Swiss Franc.
FTMO’s main trading platforms are MetaTrader4, MetaTrader5, and cTrader. With a minimum deposit of $155, its leverage is 1:100 and the target profit is 10%. Only FTMO Traders who have attained the Scaling Plan level are eligible to participate in the 90% Profit Split.
There are no membership or other hidden costs, nor are there any recurring payments. In addition, the charge will be promptly refunded to you when you get your first share of the profit.
How to deposit money on Surge Trader? step by step guide
To begin trading with Surge Trader, you will need to submit an application by email and pay for the tariff package that you chose.
The first step is to choose the account size and the Surge Trader audition.
The second step is to choose the trading platform between MT5 From Eightcap or MT4 From Eightcap. After choosing the platform, the amount required to be deposited will be displayed. The third step is to fill in the billing details. Under this step, you have various payment method options, including credit card and debit card, direct bank transfer, coinbase commerce, and PayPal.
The fourth step is to accept Surge Trader’s terms and conditions and place the order.
After the money has been processed, you will be provided with access to the test account as well as the terms and conditions for the activation of the account.
Both a 10% profit and compliance with the trading requirements of the prop firm are required in order to meet the criteria.
After successfully completing the exam, access information for a real account that has conditions comparable to those of a test account will be emailed to the email address provided.
FAQ
How do I become a Surge Trader Funded trader?
To become a funded trader, you must first choose the most appropriate assessment tier and pass the SurgeTrader Audit — an assessment of your trading abilities, risk management, and profitability. Once you have passed the audition, Surge Trader will set up your funded account.
Which instruments can I trade with Surge Trader?
The market instruments available to traders include Forex, cryptocurrencies, commodities and energy, stock indexes, and several individual equities. For more products, click here
How do I withdraw my money from Surge Trade?
In their trading dashboard, SurgeTraders may request profit withdrawal at any time in their trading dashboard, but only once per thirty (30) days. Therefore, if you generate a profit on your live account on day one, you may request a withdrawal.
Does Surge Trade have hidden fees or recurring charges?
There are no hidden fees or recurring monthly fees
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.