If you’re reading this, you’re either an aspiring trader struggling to find the right platform to kickstart your trading journey or looking for one that can help with a funded account.
Whichever category you fall into, you’re not alone in this because this is a common concern. Choosing the right proprietary trading firm can make all the difference in your success.
That’s where a firm like SurgeTrader could fill in the missing pieces.
We’re here to help you understand what this proprietary trading firm offers and how it can benefit you.
In this SurgeTrader review, we’ll dive deep into the features, benefits, and opportunities provided by SurgeTrader, so you can decide whether it’s the right fit for you.
What Is SurgeTrader?
SurgeTrader was founded by a group of experienced traders to create a proprietary trading firm that is easy to access and offers flexible trading opportunities.
Compared to other prop trading firms, SurgeTrader stands out for its lenient policies, such as offering up to 90% profit split, supporting a wide range of trading instruments, and allowing traders to use any strategy they prefer.
Whether you’re a news trader, an algorithmic trader, or use a different approach, SurgeTrader allows you to trade in the way that suits you best.
And with no minimum trading days requirement, you can manage your time and trading schedule as you see fit.
Features Of SurgeTrader
One critical feature of SurgeTrader is its straightforward and uniform trading rules that apply to all account levels.
Unlike other prop trading firms with complex and varied rules, SurgeTrader sets simple and consistent requirements such as a 4% daily loss limit, a 5% maximum drawdown, and a 10% profit target.
SurgeTrader offers a level playing field and the tools you need to succeed. In addition to its simplified rules, SurgeTrader supports a wide range of trading techniques and more than 100 trading instruments.
The platform also provides educational resources to help traders improve their skills and knowledge.
SurgeTrader offers different funding levels like other proprietary trading firms with varying fees. The specific fees you’ll need to pay will depend on your chosen funding level. In the following section, we’ll examine the details of SurgeTrader’s funding levels and associated fees.
If you want to test out SurgeTrader but need more time to commit, the platform offers free 30-day paper trading accounts.
While progress on these accounts won’t count towards a SurgeTrader audition attempt, they provide a risk-free way to become acquainted with the platform.
This way, you can take your time to get comfortable with the interface and trading strategies without any financial pressure.
SurgeTrader offers funding options ranging from $25,000 to $1,000,000, with audition fees varying based on the initial funding amount.
It’s worth noting that traders can aim for higher funding limits over time, but they must meet the required profit margins; otherwise, their account will be reset, and they’ll need to repeat the audition process.
Here Are The Current Funding Options And Associated Audition Fees
- $25,000 funding: $250 per audition.
- $50,000 funding: $400 per audition.
- $100,000 funding: $700 per audition.
- $250,000 funding: $1,800 per audition.
- $500,000 funding: $3,500 per audition.
- $1,000,000 funding: $6,500 per audition.
Pros Of SurgeTrader
- No minimum or maximum trading day requirements.
- Single-stage audition process.
- Paper trading accounts available.
- Flexible use of trading strategies.
- Reliable platform.
- Risk-free trial option.
Cons Of SurgeTrader
No support for futures or options trading.
The default profit split is 75%.
No refund policy.
Stringent trading conditions, including a daily drawdown limit of 5%.
Who Is SurgeTrader For?
For successful traders seeking funded trading opportunities without spending weeks in evaluations by other prop trading firms, SurgeTrader may be the perfect solution.
With a simple, one-stage audition process, anyone possessing the necessary trading skills can complete the audition as quickly as they fulfill the training requirements. No time constraints are imposed on this trading platform.
Furthermore, SurgeTrader accommodates a variety of trading styles, allowing users to employ their preferred trading strategy as long as it adheres to SurgeTrader’s trading requirements.
Is SurgeTrader Still Worth It?
SurgeTrader is a prop firm that requires traders to adhere to strict trading rules, including a daily drawdown limit of 4%, a maximum trailing drawdown of 5%, and a profit target of 10%.
While these conditions are achievable, they require advanced trading skills, making SurgeTrader more suitable for experienced investors. SurgeTrader could be an excellent platform for those willing to put in the effort to maximize their profits.
However, SurgeTrader’s clear and concise trading terms, lack of restrictions on trading strategies, and up-to-90% profit split make it one of the best-funded stock trading accounts for those up to the challenge.
While the platform’s courses may be relatively expensive, SurgeTrader offers a loyalty program and no trial period.
Disclaimer: The above references an opinion of the author and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. Invest responsibly and never invest more than you can afford to lose.
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