SurgeTrader is one of the most popular prop trading firms in the world, and for good reason. The company offers a variety of benefits to its traders, including access to large amounts of capital, competitive profit splits, and simple trading rules. In this review, we will take a closer look at SurgeTrader and everything it has to offer.
Are you thinking about joining SurgeTrader? If so, this review is for you. We will cover everything you need to know about the company, from its trading rules and profit split to its evaluation process and customer support.
In this comprehensive review, we will take a deep dive into SurgeTrader to help you decide if it is the right prop trading firm for you.
SurgeTrader is one of the most popular prop trading firms in the world, and for good reason. The company offers a variety of benefits to its traders, including access to large amounts of capital, competitive profit splits, and simple trading rules. In this review, we will take a closer look at SurgeTrader and everything it has to offer.
Are you thinking about joining SurgeTrader? If so, this review is for you. We will cover everything you need to know about the company, from its trading rules and profit split to its evaluation process and customer support.
In this comprehensive review, we will take a deep dive into SurgeTrader to help you decide if it is the right prop trading firm for you.
Table of Contents
SurgeTrader is one of the most popular prop trading firms in the world, and for good reason. The company offers a variety of benefits to its traders, including access to large amounts of capital, competitive profit splits, and simple trading rules. In this review, we will take a closer look at SurgeTrader and everything it has to offer.
Are you thinking about joining SurgeTrader? If so, this review is for you. We will cover everything you need to know about the company, from its trading rules and profit split to its evaluation process and customer support.
In this comprehensive review, we will take a deep dive into SurgeTrader to help you decide if it is the right prop trading firm for you.
- Access to funding up to $1,000,000 for substantial trading potential.
- Highly acclaimed with a Trustpilot rating of 4.7 out of 5 stars.
- Provision of authentic trading accounts for real-world experience.
- A choice between two distinctive evaluation program models.
- Opportunity to take on the $1,000,000 challenge for ambitious traders.
- Generous profit-sharing model offering 75% to 90% of the profits.
- Optional enhancements available for purchase to customize your trading approach.
- Flexibility to hold positions overnight and during weekends.
- Freedom to trade during market news events.
- No restrictions on the duration of your trading period.
- No requirement for a minimum number of trading days.
- Simplified one-step evaluation to expedite the funding process.
- Mandatory implementation of a stop-loss to manage risks effectively, which can be waived with an optional add-on.
- A cap on position sizing, allowing up to 1 lot per $10,000 of the account balance to promote responsible trading.
- Application of a trailing drawdown mechanism in one-step evaluation accounts to ensure continuous risk control.
SurgeTrader is committed to fostering the growth and success of its traders. They provide a platform that amplifies the profit potential of their trading activities.
To embark on a journey as a funded trader, you are required to showcase your trading proficiency and discipline through either a one-step or two-step audition. Successfully navigating this process entitles you to a lucrative profit share ranging from 75% to 90% on your subsequent earnings.
Introducing SurgeTrader
SurgeTrader, a proprietary trading firm, is situated in the United States, specifically in Florida. This firm is dedicated to empowering ambitious traders by offering up to $1,000,000 in funding, accompanied by a generous profit split ranging from 75% to 90%.
SurgeTrader has established a technological partnership with ThinkMarkets, a leading multi-asset online brokerage with its main offices in London and Melbourne.
Company History and Location
SurgeTrader was officially incorporated in Delaware in August 2021 and subsequently in Florida in September 2021.
Their primary offices are located at
405 5th Avenue South, Naples, Florida 34102.Jana Seaman: Steering SurgeTrader Towards Success
Jana Seaman, as the CEO of SurgeTrader, is committed to providing innovative business solutions and funding. Her vision is centered on aiding businesses, both small and large, to achieve significant growth, particularly those in rapid expansion phases.
The services offered under her leadership include leadership coaching, employee onboarding, operational management, and capital investment. VALO Holdings, under her guidance, focuses on the technology, financial services, and automotive sectors, aiding businesses to realize sustainable growth.
Background and Influence
With a profound understanding of market trading dynamics, Jana Seaman’s family and the SurgeTrader team bring extensive expertise to the table. This experience is pivotal to SurgeTrader’s mission: facilitating rapid trader funding by offering access to institutional capital, primarily their own.
Impact and Community
Since its inception, SurgeTrader has fostered remarkable growth and a strong sense of community. The success and financial independence achieved by traders through the platform are sources of inspiration and pride. This accomplishment underscores the company’s role in empowering traders to pursue their passions and achieve autonomy in their careers.
Funding Program Options at SurgeTrader
SurgeTrader presents its traders with two distinct evaluation program accounts to facilitate their progression:
- One-step Evaluation Program: A streamlined process designed for efficient assessment and quicker access to funding.
- Two-step Evaluation Program: A comprehensive evaluation offering a more detailed assessment of trading skills and strategies.
One-step Evaluation Program
Program Overview
The One-step Evaluation Program by SurgeTrader is designed to identify and support serious traders in maximizing their profit potential. This program offers a unique opportunity for traders to demonstrate their consistency and skill in a single-phase evaluation period, with the benefit of trading with up to 1:20 leverage.
Evaluation Criteria
During the evaluation phase, traders are required to achieve a 10% profit target while adhering to a 5% maximum daily loss and an 8% maximum trailing drawdown. There are no minimum or maximum trading day constraints, with the primary goal being the achievement of the profit target.
Transition to Funded Account
Upon successful completion of the evaluation, traders are granted a funded account. In this phase, there are no profit targets, but the 5% maximum daily loss and 8% maximum trailing drawdown rules still apply. Traders can request their first profit split of 75% or 90% from day one if profitable, with subsequent payouts available on a monthly basis.
Scaling Plan
The One-step Evaluation Program includes a scaling plan. Traders must reach a 10% profit target based on their initial account balance. The scaling potential extends up to $1,000,000, though it is important to note that profit splits are not available during account scaling.
Scaling Plan Details
| Account Size | Profit Target | Scaled Account Size |
|---|---|---|
| $25,000 | 10% | $50,000 |
| $50,000 | 10% | $100,000 |
| $100,000 | 10% | $250,000 |
| $250,000 | 10% | $500,000 |
| $500,000 | 10% | $1,000,000 |
One-step Evaluation Program Account Rules
Profit Target
The profit target is set at 10% for evaluation programs. Funded accounts are not subject to profit targets.
Maximum Daily Loss
The maximum daily loss is capped at 5% for all account sizes.
Maximum Trailing Drawdown
A maximum trailing drawdown of 8% is enforced, calculated from the peak account balance.
Stop-loss Requirement
Traders must set a stop-loss for each position to be eligible to open a trade.
Lot Size Limit
Trading is restricted to maximum lot sizes based on account balance:
- $25,000 account – 2.5 lots
- $50,000 account – 5 lots
- $100,000 account – 10 lots
- $250,000 account – 25 lots
- $500,000 account – 50 lots
- $1,000,000 account – 100 lots
Third-party Copy Trading Risk
Using third-party copy trading services carries the risk of shared strategies and the potential for exceeding the maximum capital allocation rule.
Third-party EA Risk
Employing third-party EAs may lead to strategy duplication and risks violating the maximum capital allocation rule.
Add-on Options
Enhance your one-step evaluation program account with add-on options:
- No stop-loss required – 10% price increase
- Double leverage for forex pairs and metals – 25% price increase
- 90% profit split – 20% price increase
Select one or multiple add-ons based on personal trading preferences.
Two-step Evaluation Program Accounts
Program Objective
The Two-step Evaluation Program from SurgeTrader is tailored for discerning and skillful traders, offering them the opportunity to trade with a 1:50 leverage.
Evaluation Phase One
In the first phase, traders must achieve an 8% profit target without exceeding a 5% maximum daily loss or an 8% maximum loss. There are no specific trading day requirements in this phase, with the primary objective being to meet the profit target without breaching the loss limits.
Evaluation Phase Two
The second phase requires traders to achieve a 5% profit target, maintaining adherence to the 5% maximum daily loss and 8% maximum loss limits. Similar to phase one, there are no trading day minimums or maximums, but the profit target must be met without violating the loss rules.
Funded Account Transition
Successful completion of both evaluation phases leads to a funded account status, where no profit targets are imposed. Traders must continue to observe the 5% maximum daily loss and 8% maximum loss rules. Profits can be split at an 80% or 90% rate from the first day, with subsequent payouts available monthly.
Scaling Plan
There is a scaling plan for the Two-step Evaluation Program accounts, requiring an 8% profit in phase one and 5% in phase two, based on the initial account balance. Scaling is possible up to $500,000, with the caveat that profit splits are not available during the scaling process.
Scaling Plan Details
| Account Size | Profit Target (Phase 1) | Profit Target (Phase 2) | Scaled Account Size |
|---|---|---|---|
| $25,000 | 8% | 5% | $50,000 |
| $50,000 | 8% | 5% | $100,000 |
| $100,000 | 8% | 5% | $250,000 |
| $250,000 | 8% | 5% | $500,000 |
Two-step Evaluation Program Account Rules
Profit Targets
The profit target is set at 8% for Phase 1 and 5% for Phase 2. There are no profit targets for funded accounts.
Maximum Daily Loss
The maximum daily loss is limited to 5% across all account sizes.
Maximum Loss
The maximum loss threshold is 8% for all account sizes.
Stop-loss Requirement
A stop-loss must be set for each trade before it can be opened.
Lot Size Limit
Traders must adhere to the specified lot size limits for various trading instruments, based on the initial account balance:
- $25,000 – 2.5 lots
- $50,000 – 5 lots
- $100,000 – 10 lots
- $250,000 – 25 lots
- $500,000 – 50 lots
- $1,000,000 – 100 lots
Third-party Copy Trading Risk
Use of third-party copy trading services may lead to strategy duplication and risk of violating maximum capital allocation rules.
Third-party EA Risk
Use of third-party EAs (Expert Advisors) may also result in strategy duplication and risk of violating maximum capital allocation rules.
Add-on Options
Additional options for your account include:
- No stop-loss required: 10% price increase when purchasing your evaluation account
- 90% profit split: 20% price increase when purchasing your evaluation account
You may select one or multiple add-on options based on your personal trading strategy and preference.
Distinctive Features of SurgeTrader
SurgeTrader stands out in the proprietary trading firm landscape by offering flexible and unique evaluation programs coupled with a liberal approach to trading styles. Unlike many industry leaders, SurgeTrader:
- Provides two types of evaluation programs: one-step and two-step.
- Imposes no restrictions on trading style, including trading during news events, holding trades overnight, and over weekends.
- Has no minimum or maximum trading days requirement for their evaluation programs.
One-step vs. Two-step Evaluation Programs
The one-step evaluation program at SurgeTrader is a streamlined process that requires traders to meet a 10% profit target with a 5% maximum daily loss and 8% maximum trailing drawdown, along with set stop-loss and lot size limits. This program also features a scaling plan for increased account sizes.
Conversely, the two-step evaluation program involves two distinct phases with profit targets of 8% and 5%, respectively, with the same daily and overall loss limits as the one-step program. This program also allows for account scaling.
SurgeTrader vs. Funding Pips
| Trading Objectives | SurgeTrader | Funding Pips |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 8% | 10% |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% up to 90% |
SurgeTrader Vs Smart Prop Trader
| Trading Objectives | SurgeTrader | Smart Prop Trader |
|---|---|---|
| Phase 1 Profit Target | 8% | 7% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 4% |
| Maximum Loss | 8% | 8% |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 85% up to 90% |
SurgeTrader Vs Finotive Funding
| Trading Objectives | SurgeTrader | Finotive Funding |
|---|---|---|
| Phase 1 Profit Target | 8% | 7.5% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 8% | 10% |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 75% up to 95% |
SurgeTrader distinguishes itself from the competition by providing two specialized evaluation programs and fostering a trading environment that minimally restricts trading styles. A significant advantage for traders at SurgeTrader is the absence of minimum and maximum trading day requirements, offering the freedom to trade without pressure and according to market conditions.
Assessing the Realism of Acquiring Capital with SurgeTrader
When selecting a proprietary firm, it’s crucial to evaluate the feasibility of the trading requirements in relation to your forex trading style. High profit splits and significant funding may seem attractive, but they must be balanced against the expectations of returns and the constraints of drawdown limits.
One-step Evaluation Program
With the one-step evaluation program, SurgeTrader sets achievable targets with a 10% profit goal and reasonable loss parameters, such as a 5% maximum daily loss and an 8% maximum trailing drawdown. The absence of trading day requirements further underscores the practicality of this program.
Two-step Evaluation Program
Similarly, the two-step evaluation program is practical, with modest profit targets of 8% in phase one and 5% in phase two, accompanied by standard loss rules. The flexibility of no minimum or maximum trading day requirements aids in the attainability of program goals.
SurgeTrader presents as an exemplary option for traders seeking funding, thanks to its two diverse funding programs that offer realistic trading objectives and clear conditions for payout eligibility.
Payment Proof and Withdrawals
Launched in June 2021, SurgeTrader allows traders to request their first withdrawal at any time, followed by subsequent withdrawals every 30 days. Traders receive a profit split of 75% to 90%, depending on their chosen account add-ons. SurgeTrader’s portion of the profits is also withdrawn at this time, with the total withdrawal amount reflecting in the adjusted account equity.
Proof of payments by SurgeTrader is predominantly showcased on their Instagram account, where they publish payout certificates from their traders.
Broker Partner of SurgeTrader
SurgeTrader has partnered with ThinkMarkets for brokerage services.
About ThinkMarkets
ThinkMarkets is a renowned multi-asset online brokerage headquartered in London and Melbourne. They are known for providing swift access to various markets and offering acclaimed trading platforms such as MetaTrader 4, MetaTrader 5, and ThinkTrader.
Trading Platforms
Traders with SurgeTrader have the option to use both MetaTrader 4 and MetaTrader 5 platforms for their trading activities.
Acknowledgements and Awards
ThinkMarkets has earned the title of Best Global Forex MT4 Broker 2020 at the Global Forex Awards. Meanwhile, SurgeTrader itself has been distinguished with two notable awards:
- Traders Union: Best prop trading firm of 2022.
- Benzinga: Best overall prop trading firm of 2023.
Real Account Opportunities
Upon successful completion of the Audition, SurgeTrader provides its traders with real trading accounts.
SurgeTrader’s Wide Array of Trading Instruments
SurgeTrader provides an extensive selection of instruments across various markets with leverage options of up to 1:20. Traders can engage in forex, cryptocurrency, commodities, indices, and a vast selection of individual stocks.
Forex Pairs
SurgeTrader offers a comprehensive list of Forex pairs for trading:
- Major pairs like EUR/USD, GBP/JPY, USD/JPY
- Exotic pairs like USD/TRY, EUR/ZAR, GBP/ZAR
Commodities
Trade a variety of commodities, including:
- Precious metals: XAU/USD (Gold), XAU/EUR, XAG/USD (Silver)
- Energy: WTI (Crude Oil), BRENT, NGAS (Natural Gas)
Indices
Access global indices such as:
- AUS200, ESTX50, FRA40, GER40, and more
Cryptocurrencies
Cryptocurrency trading includes:
- Mainstream cryptocurrencies like BTC/USD, ETH/USD, LTC/USD
- Altcoins like ADA/USD, SOL/USD, MANA/USD
Stocks
Engage in stock trading from various exchanges:
- Equities\HK – Hong Kong-listed stocks
- Equities\SA – Saudi-listed stocks
- Equities\US – US-listed stocks
- Equities\US\US ETF – US-listed ETFs
To access the full list of tradable stocks, log into the Prop Spread account and navigate to the respective folders.
SurgeTrader Trading Fees
Trading Commission Structure
| Assets | Fee Terms |
|---|---|
| FOREX | 7 USD / LOT |
| COMMODITIES | 7 USD / LOT |
| INDICES | 0 USD / LOT |
| CRYPTO | 0 USD / LOT |
| STOCKS | 4 USD / LOT (US STOCKS), 0.01% / LOT (UK STOCKS) |
Spread Information
To view the live spreads, please log in to the trading account using the details below:
| Platform | Server | Login Number | Password | Download Platform |
|---|---|---|---|---|
| MetaTrader 5 | ThinkMarkets-Demo | 9510403 | v3D%_;Xs8F$ | Click here |
Education & Support for Traders at SurgeTrader
Educational Resources
While SurgeTrader does not offer formal educational programs, they provide a valuable opportunity for prospective traders to engage with their platform through a Free Trial. This trial is accessible via the dashboard and serves as a practical way to become acquainted with the trading environment that SurgeTrader offers.
Support for Practice and Strategy Development
The Free Trial is designed to help new traders practice their trading skills and refine their strategies. It acts as a preliminary step towards the SurgeTrader Audition, giving traders the experience they need to potentially succeed in acquiring a funded trader account.
Note on the Free Trial
It’s important to note that completing the Free Trial does not automatically qualify one for a funded trader account. To achieve funded status, traders must successfully pass the SurgeTrader Audition.
What Traders Are Saying About SurgeTrader
Overall Feedback
SurgeTrader has garnered positive remarks for their services, as reflected in the feedback from their trading community.
Trustpilot Reviews
On Trustpilot, SurgeTrader boasts a strong reputation with a 4.7 out of 5 rating, based on 1,001 reviews. This indicates a high level of satisfaction among their users.
Community Highlights
- Responsive and helpful customer support.
- User-friendly dashboard interface.
- Clear and simple trading rules.
These highlights showcase the aspects of SurgeTrader that are most appreciated by their community, including the ease of understanding and following trading guidelines, and the quality of customer service provided.
SurgeTrader on Social Media
Social Media Presence
SurgeTrader engages with its community across various social media platforms:
- LinkedIn: 2,178 followers
- Facebook: 4.7k followers
- Twitter: 11.4k followers
- Instagram: 41.2k followers
- YouTube: 5.66k subscribers, with 274 uploaded videos
Interested individuals can also join the SurgeTrader Discord channel for community discussions.
Support Resources
SurgeTrader offers several support channels for its traders:
- FAQ Page: A comprehensive resource for information about the firm.
- Email: support@surgetrader.com
- Live Chat: Available almost 24/7 for immediate assistance.
- Telephone:
- Toll-free: 866-998-7652
- Direct: 239-944-5317
- Discord Channel: Direct support and community interaction.
For detailed queries, SurgeTrader encourages using the provided telephone numbers or Discord channel to get in touch with their support team.
Final Thoughts on SurgeTrader
SurgeTrader establishes itself as a reputable proprietary trading firm by offering distinct funding program choices to traders. These include both one-step and two-step evaluation programs, tailored to suit different trading strategies and experience levels.
One-step Evaluation Programs
The one-step evaluation program is a single-phase challenge that sets a realistic 10% profit target, balanced by a 5% maximum daily loss and an 8% maximum trailing drawdown. Successful completion of this phase opens the door to earning profit splits ranging from 75% to 90%, along with opportunities to scale account sizes.
Two-step Evaluation Programs
In contrast, the two-step evaluation program adheres to the industry standard, requiring completion of two phases with profit targets of 8% and 5%, respectively. These targets are considered realistic within the bounds of a 5% maximum daily and an 8% maximum loss limit. This program also offers profit splits of 80% to 90%, with scaling options.
Recommendation
SurgeTrader is highly recommended for traders seeking clear and attainable trading goals within a robust and supportive environment. Their commitment to offering tailored programs makes them a standout choice among industry-leading prop firms.
Verdict
After a comprehensive evaluation, it is evident that SurgeTrader provides an exemplary platform for traders of various styles to thrive. Their status as an industry leader is well-deserved, making them a top consideration for anyone looking to join a proprietary trading firm.
