If you’re looking for the opportunity to trade with a funded account and keep most of your profits, SurgeTrader is an excellent choice. Their simple, transparent model allows talented traders to focus on trading rather than complicated rules.
So you’ve been trading stocks for a while now and feel you’ve gotten the hang of it. You’re starting to make some decent returns and think you’re ready to take your skills to the next level. Maybe you’ve heard about SurgeTrader, an advanced trading platform for active stock traders.
You’re curious to find out if SurgeTrader is all it’s cracked up to be. Will it help boost your profits and take your trading to the next level? Or is it hype? In this SurgeTrader review, we’ll look at the platform in-depth to help you decide if it’s the right choice for your evolving trading needs. These are based on the pros and cons plus its key features. Plus with our coupon code you can save 10% on sign-up.
What is SurgeTrader?
SurgeTrader offers experienced day traders an easy path to funded trading accounts. Their one-stage audition process and flexible trading rules suit various trading styles. Today, SurgeTrader is one of the most flexible prop firms. They offer up to a 90% profit split and support various trading instruments.
There’s no minimum trading days requirement, so whether you prefer news trading, algorithmic trading, hedging, or another style, you can maximize your trading profits using their funding. Traders can apply for funding levels from $25,000 up to $1 million.
SurgeTrader’s rules include a 4% daily loss limit, a maximum 5% drawdown, and 10% profit target—challenging but achievable for skilled traders. They support most trading instruments, excluding futures and options. The default profit split is 75% to the trader, with the option to increase to 90% for an additional fee.
How Does SurgeTrader Work?
SurgeTrader is a prop trading firm that provides funded trading accounts to traders who pass their evaluation. The company was founded by experienced traders who wanted to simplify the process for new traders to access capital to trade the markets.
To get started with SurgeTrader, you first need to open a demo account and prove you can trade profitably. SurgeTrader evaluates traders based on a minimum of 200 trades in the demo account. They look for a profit factor of at least 1.5 and a maximum drawdown of less than 35%. If you meet these metrics, SurgeTrader will fund your live account with up to $1 million in buying power.
Once funded, SurgeTrader has straightforward rules to follow. They allow the trading of most instruments like forex, futures, stocks, and ETFs. SurgeTrader does not impose complex risk rules or maximum position sizes that vary by account.
SurgeTrader Features and Pricing
SurgeTrader keeps things simple. Their main appeal is uniform trading conditions for all accounts. They set the same rules—like a 4% daily loss limit and 10% profit target—no matter your funding level. SurgeTrader offers two account options.
If you’d like to dip your toe in the water without fully committing yet, SurgeTrader offers free paper trading accounts for 30 days. This gives you a chance to navigate the platform and place trades without using real money.
Although you won’t keep any profits made during this trial run, paper trading lets you become familiar with SurgeTrader’s tools and features before you start trading live. You can see how the charts, screeners, alerts, and other resources work in a low-pressure environment.
SurgeTrader offers funding from $25,000 up to $1,000,000. The fee for an audition attempt depends on your initial funding amount.
It’s important to note you can increase your account funding over time. However, if you fail to meet profit targets, your account resets, and you must re-audition. Here are the current funding options and fees:
- $25k of funding – $250 per audition
- $50k of funding – $400 per audition
- $100k of funding – $700 per audition
- $250k of funding – $1,800 per audition
- $500k of funding – $3,500 per audition
- $1M of funding – $6,500 per audition
Does SurgeTrader Have Any Trading Rules?
SurgeTrader does have some basic trading rules you’ll need to follow.
- You can hold trades overnight and over the weekend. However, you cannot hold a stock trade overnight into an earnings release—close all Single Share Equity CFD positions by 3:50 PM Eastern Time.
- SurgeTrader does not limit your trading strategy or style as long as it complies with the trading rules. You can opt for discretionary trading, hedging, algorithmic trading, or any other strategy.
- You are not allowed to hold a stock trade into an earnings release. Failure to close such Single Share Equity CFD positions by the stated time will lead to an immediate, hard breach of your account.
- News trading is allowed, except for holding a Single Share Equity CFD into an earnings release. Your account size determines the maximum number of open lots with risk.
- SurgeTrader provides different levels of leverage for different assets.
Are There Communities and Networking Opportunities at SurgeTrader
SurgeTrader gives you access to a vibrant community of traders. Connect with fellow traders from around the globe, share war stories, and learn from each other’s wins and losses.
SurgeTrader’s community forum, webinars, and live trading sessions let you network. Rub shoulders with institutional traders, venture capitalists, and forex gurus – impress them, and doors may open.
SurgeTrader’s community gives you a valuable support system. Learn from more experienced traders, get advice when you’re stuck, and share tips for success. Together, you can reach new heights.
What are SurgeTrader Pros and Cons Based on Online SurgeTrader Reviews
Based on recent feedback, SurgeTrader maintains a high user satisfaction rating with a score of 4.6 out of 5 across 583 reviews. They have successfully replied to 97% of negative reviews, underlining their commitment to customer satisfaction. Here are some pros and cons according to SurgeTrader reviews:
- No minimum or maximum trading days requirement.
- One-stage “audition” process.
- Paper account option available for practice.
- Absence of futures or options trading.
- Default profit payout set at 75%.
- No refund policy is provided.
So there you have it, a comprehensive look at SurgeTrader to help you determine if it’s the right day trading platform for you. At the end of the day, only you can decide what tools and features are most important for your unique trading needs and style.
But with low fees, an easy-to-use interface, and powerful tools for analyzing the markets, SurgeTrader makes a compelling case. If you want to get into day trading or take your skills to the next level, SurgeTrader is worth checking out.
If you are curious about SurgeTrader and how it can potentially work for you, click here. If you want to join the firm and start earning, use our promo code today and ignite your day trading career.