SurgeTrader Review: Questionable Reputation and Overall Landscape

Speaking of prop trading, where simplicity is key, SurgeTrader, a subsidiary of Surge Funding, LLC, shines as a solid option. But, that is far from reality. 

With its clear-cut rules and easy evaluation process, SurgeTrader offers something unique. Join us as we explore SurgeTrader and its status. We’ll explore company details, warnings, assets, leverage, and payouts, and even hear what traders are saying. Let’s learn about SurgeTrader’s landscape and see if it lives up to the hype.

SurgeTrader 101

SurgeTrader was born from the collaborative efforts of an institutional trader, a venture capitalist, and a FX trader. Their vision? To simplify the path to trader funding. SurgeTrader prop firm stands out by offering more flexibility than other trading firms. 

It has a profit split of up to 90%, supports a range of assets, and sets no minimum trading days rule. Also, it gives traders the freedom to use many strategies, be it news trading, algorithmic trading, hedging, or others. But, they hide many things. More on that below! 

Legitimacy Issues and Multiple Warnings

So, is SurgeTrader legit? We can say they are not legitimate. There are multiple warnings against this firm that we must mention. Let’s take a look:

• IOSCO
• Finanstilsynet
• CNMV
• FSMA
• SEC

How SurgeTrader Works

SurgeTrader simplifies trading with these conditions:

• A 5% daily loss limit keeps your capital safe.
• An 8% maximum drawdown prevents excessive risks.
• A 10% profit target sets clear goals.

This platform is versatile, adapting to many trading styles, from news trading to hedging. Plus, it’s not just about trading. SurgeTrader offers educational resources to help you on your journey. This looks nice, but keep all the warnings in mind. 

Trading Assets at Surgetrader.com

SurgeTrader gives us access to a diverse span of trading instruments, including FX, commodities, indices, shares, and crypto through their partner broker, ThinkMarkets. 

Traders have the flexibility to trade on popular platforms offered by ThinkMarkets.

Tip: Is there a SurgeTrader free trial? Yes, and the free trial is called the SurgeTrader Audition. Moreover, it lets traders experience the same conditions and spreads as registered traders.

Your Platform Choices at SurgeTrader

SurgeTrader offers you a selection of trading platforms in the form of EightCap M4 and EightCap M5. 

These two are carefully crafted setups based on the popular Meta Trader 4 (MT4) and Meta Trader 5 (MT5). Now, you might be wondering, “What makes MT5 so good?” Well, MetaTrader 5 represents an advanced replica of MT4. You may know it has earned huge popularity among traders since its introduction. 

What’s the catch? It provides a highly customizable interface, allowing you to tailor your charts and tools to suit your preferences. But there’s more to it! MT5 also introduces a range of extra technical indicators, improving your trading analysis toolkit.

Trading Environment – Pricing and Plans

SurgeTrader provides various funding levels, resulting in differing fees. They offer a free 30-day paper trading account for those who want to explore the platform without commitment. 

Paid accounts start at $25,000 and can go up to $1,000,000, with audition fees depending on your initial amount. Scaling up is possible, but failing to meet profit margins will lead to a reset. Keep that in mind. 

Let’s dive deeper into their packages: 

Starter Package ($25,000)

• Audition Fee: $250
• Profit Share: Up to 90%
• Profit Target: 10%
• Daily Loss Limit: 4%
• Leverage Up To 20:1
• Max Trailing Drawdown: 5%

Intermediate Package ($50,000)

• Audition Fee: $400
• Profit Share: Up to 90%
• Profit Target: 10%
• Daily Loss Limit: 5%
• Leverage Up To 20:1
• Max Trailing Drawdown: 8%

Seasoned Package ($100,000)

• Audition Fee: $700
• Profit Share: Up to 90%
• Profit Target: 10%
• Daily Loss Limit: 5%
• Leverage Up To 20:1
• Max Trailing Drawdown: 8%

Advanced Package ($250,000)

• Audition Fee: $1,800
• Profit Share: Up to 90%
• Profit Target: 10%
• Daily Loss Limit: 5%
• Leverage Up To 20:1
• Max Trailing Drawdown: 8%

Expert Package ($500,000)

• Audition Fee: $3,500
• Profit Share: Up to 90%
• Profit Target: 10%
• Daily Loss Limit: 5%
• Leverage Up To 20:1
• Max Trailing Drawdown: 8%

Master Package ($1,000,000)

• Audition Fee: $6,500
• Profit Share: Up to 90%
• Profit Target: 10%
• Daily Loss Limit: 5%
• Leverage Up To 20:1
• Max Trailing Drawdown: 8%

SurgeTrader Leverage Options

Leverage levels differ across asset types. For example, FX, metals, oils, and indices receive up to 10:1 leverage. Moreover, individual stocks get 5:1 leverage, and crypto assets have 2:1 leverage. 

Going for the double leverage add-on at checkout can increase leverage for forex and metals to 20:1, with double max open lots.

SurgeTrader Payout Options

SurgeTrader has some limitations to consider. It does not support futures or options trading, and the default profit split is set at 75%. 

Also, achieving a 90% profit share requires an additional fee, which is odd. Still, payment options include bank transfers, PayPal, bank cards, and Coinbase. This is quite beneficial after all. 

Genuine Trader Reviews on Trustpilot

According to Trustpilot, SurgeTrader has outstanding reviews (4.6 stars). This could show its reputation in the industry. But this company is far from legitimate since there are multiple warnings against it.  

For a secure trading experience, it’s crucial to use regulated and reputable brokers with ratings of 4.5 stars or higher. It’s good to know this. 

Tip: Solid FX may not be a trustworthy trading company. So, make sure to avoid them. 

Can You Profit from Online Trading?

Moving our focus to trading in general, it’s evident that profitability is possible with the right tools. 

We’re committed to assisting you in making wise judgments through free consultations. Also, there’s our new AI Analysis Bot! This smart tool provides trading advice based on advanced predictions, so you may find it super useful! You can be among the first to try it with a 20-day free trial and enjoy access to FX and stock analysis reports.

Note: It’s wise to know that EmpowerFX is a fake company you should avoid. Safety should always be your priority.

Final Verdict – SurgeTrader

So, is SurgeTrader scammy or not? All in all, SurgeTrader only looks like a solid platform, and its features make it look legit. Yet, there are multiple warnings against them! Keep in mind that thorough research and understanding of the platform are crucial. Remember that! 

Whether you choose SurgeTrader, Litebit, or another option, remember that for success in trading, you must have knowledge, discipline, and the right tools. Make smart decisions, and you’ll be on your way to a profitable trading journey, for sure.

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