What Is SurgeTrader?
SurgeTrader is a prop trading firm headquartered in Naples, Florida. Founded in 2021, SurgeTrader is a fairly new proprietary trading firm and one of the most flexible options for new traders.
SurgeTrader has one of the shortest audition periods of any prop trading firm out there; as soon you reach the 10% profit target on any of the six different account packages, you’ll get your funded account in less than two business days. The starting profit share for funded traders is very competitive and starts at 75% – with the option to increase it to 90%, with an add-on.
In this quick SurgeTrader summary, I will go over all the best features of this platform. If you want to read a more in-depth analysis, check out our full SurgeTrader review.
Pros & Cons of SurgeTrader
Pros
- Use your favorite trading strategy
- One-time fees on all packages
- Up to 1:20 leverage on all accounts
- 90% profit share
- No minimum number of days to get a funded account
Cons
- Starting profit share starts at 75%
- You can only withdraw once every 30 days
Support For The Largest Asset Classes
With SurgeTrader, you can invest in all the largest markets, including:
- Forex
- Select equities
- Major stock market indices
- Oil & renewables
- Metals
- Cryptocurrencies
SurgeTraders is compatible with the biggest trading platforms worldwide and, through its partnership with Eightacap, offers access to MetaTrader 4 and MetaTrader 5 (Eightcap MT4 and Eightcap MT5).
We recommend Eightcap MT4 if you want access to forex pairs and CFDs. If you’re looking for a more thorough selection of instruments, which includes everything from Eightcat MT4 plus stocks, futures, options, and crypto, we recommend Eightcap MT5.
For experienced traders looking for high leverage, we recommend FTMO. FTMO is one of the largest prop trading firms worldwide and offers 1:100 leverage on all forex pairs.
Get Your Funded Account In Days
With SurgeTrader, there’s no minimum number of days to get your funded account. As soon as you reach the 10% profit target – while not incurring the maximum trailing drawdown of 5% or the maximum daily drawdown of 4% –you can get your funded account in as little as two business days.
Choose From Six Funded Accounts
SurgeTrader offers six different audition accounts; after you reach your profit goal – which depends on the type of audition account you choose –you’ll get your funded account. Audition account sizes range from $25k to $1MM, and fees range from $250-$6,500.
After you choose your audition account, you have to follow three basic rules to qualify for a funded account:
- Set a stop loss for every trade
- Close all your positions on Friday (3.55 PM EST)
- Don’t exceed the Daily Loss Limit (4% of your account equity)
- Don’t incur losses exceeding the Maximum Drawdown
All funded accounts offer a 75% profit share plus 1:10 leverage, and you can sign up for an add-on to increase it to 90% profit plus 1:20 leverage.
If you’re a beginner investor and would instead try out an intuitive, easy-to-use prop trading platform, check out our full Earn2Trade review.
Earn From 75% to 90% Of The Profit Shares
After you sign up for any SurgeTrader accounts and pass the audition, you’ll qualify for your SurgeTrader-funded account. The starting profit share for all accounts is 75%. You can also sign up for an add-on to increase the profit share to 90%.
SurgeTrader Audition Fees
- Starter Package ($25k account size): $250
- Intermediate Package ($50k): $400
- Seasoned Package ($100k): $700
For more experienced traders, there are three plans:
- Advanced Package ($250k): $1,800
- Expert Package ($500k): $3,500
- Master Package ($1MM): $6,500
Keep in mind that for all account sizes, you only pay the audition fees once – there are no subscriptions or monthly payments.
Sign-Up Process
Anyone can signup for SurgeTrader, but the company mainly focuses on US citizens. There are no special requirements to get started; as soon as you make a purchase, you’ll have full access to the audition account.
- Visit SurgeTrader’s website
- On the top right, click Start Trading
- Select a trading account
- Pick add-ons and complete the purchase
If you use our link to sign up, you’ll get a discount on your first audition account, plus the opportunity to join SurgeTrader’s referral program and earn 20% commissions whenever one of your referees signs up for an account.
SurgeTrader Trustpilot Reviews
SurgeTrader has excellent reviews from its users, and it holds an average rating of 4.3 on Trustpilot. Here’s what some of those users have to say about SurgeTrader:
- “first of all, I would like to thank Surge Trader for the opportunity to become a funded trader the thing that swayed me to pick surge Trader is that you do not have a time limit to complete your audition; this was very important to me and fitted in with the way I trade so far everything good.” – Roger P.
- “I have been trading SurgeTrader Audition for over 30 days. The experience has been amazing, but the amazing thing about them is their modeling of audition rules to the real world. They don’t encourage gambling. They don’t use silly cumulative absolute or relative drawdowns. I can’t recommend them enough..” – Osazeme U.
- “I passed the Surge Trader audition with the 100K account in 6 business days. The trading conditions are straightforward, and the support is always there, ready to answer you almost instantaneously if necessary. I can tell you that SurgeTrader is one of the best prop firms.” – Razakamanana A.
- “SurgeTrader customer service is second to none. They are swift to respond with any questions that may arise. The audition is fair, challenging, and fun. I was able to pass my audition. That same day, I could scale up to the next level or start making a profit. I would recommend SurgeTrader to anyone..” – Danny W.
If you are not fully convinced that this particular service is for you after reading these reviews, check out our TopstepTrader review.
Final Thoughts
SurgeTrader is an excellent prop trading firm for beginners and intermediate investors looking to get a funded account. With SurgeTrader, there are no time constraints – reach the 10% target profit on any of the funded account packages, and you’ll get your funded account in less than two business days. For those reasons and the fact that it offers up to 90% of the profits you make, SurgeTrader is one of our top recommendations.