Are you interested in investing in the property market but not quite ready to purchase physical properties? SurgeTrader may be the solution you’ve been looking for. As a proprietary trading firm specializing in property trading, SurgeTrader has gained popularity among investors looking to enter the property market with minimal risk. But can SurgeTrader help you turn a profit?
In this SurgeTrader review, we’ll take a closer look at the platform to help you determine if it’s the right fit for your investment needs. As forex brokers continue to reduce leverage and trading with your own funds becomes more difficult, prop firms like SurgeTrader are becoming increasingly popular funding options for traders looking to take their trading to the next level.
Let’s dive in and see if SurgeTrader is the right prop firm for you.
SurgeTrader is a new proprietary trading firm established in May 2021 by experienced Forex traders and venture capitalists. The goal of the firm is to help profitable traders capitalize on their success by accelerating their funding.
Based in Florida, United States, SurgeTrader has quickly gained a global following due to its transparency in terms of trading rules and the simplicity of its evaluation process. Unlike other prop trading firms, SurgeTrader has straightforward trading rules and no complex limitations. Thus, making it an excellent choice for traders who prefer a more lenient approach.
SurgeTrader offers a profit split system that benefits the trader with 75% of the profits. There is also the possibility of increasing this percentage to 90% with the purchase of an add-on.
SurgeTrader allows traders to manage up to $1,000,000 of capital, making it an attractive option for traders looking for significant funding.
There are a variety of features on offer that makes SurgeTrader stand out from other prop trading firms. One of the key selling points of SurgeTrader is its simplified trading rules and requirements.
All trading accounts have uniform rules such as a 4% daily loss limit, 5% maximum drawdown, and 10% profit target, making it easier for traders to understand and follow.
Another significant advantage is the platform’s support for a wide range of trading instruments, beyond individual stocks and forex pairs. SurgeTrader allows traders to explore commodities, futures, options, and more, offering plenty of opportunities to diversify and find profitable trades.
SurgeTrader is also unique in that it sets clear trading rules but allows traders to use any trading strategy they choose. This flexibility can be appealing to traders who prefer to use their preferred trading techniques, whether that be news trading, algorithmic trading, or hedging.
Also, SurgeTrader offers a profit split of up to 90%, which is much higher than other prop trading firms. The platform has no minimum trading days requirement, giving traders the freedom to trade as much or as little as they like without pressure to meet quotas.
Finally, SurgeTrader offers educational resources to its members, providing traders with additional support and guidance to help them succeed in their trading endeavors.
SurgeTrader offers a range of funding levels for traders looking to take advantage of their funded trading model. The fees for these funding levels can vary quite a bit. SurgeTrader also offers a free 30-day paper trading account for those who want to test the platform without making a commitment.
The cost for an audition attempt will depend on the amount of initial funding you’d like, ranging from $250 for a $25,000 funding level to $6,500 for a $1,000,000 funding level. We must mention that if you fail to meet the set profit margins, your account will be reset. This means you will need to repeat the audition process.
SurgeTrader's pricing structure is comparatively competitive to other prop trading firms. Traders can easily scale up their accounts toward higher funding limits. If you're interested in funded trading, SurgeTrader offers a straightforward and affordable option to get started.
SurgeTrader has its own advantages and disadvantages for traders to consider before choosing it as their prop firm. Here are some of the key pros and cons:
If you're a profitable trader who wants to access funded trading without a lengthy evaluation process, SurgeTrader could be the perfect fit.
The platform's simple, one-stage audition process allows traders to get started quickly, and its flexible trading rules make it a great choice for those who want to use their preferred trading style.
If you're a seasoned investor with experience in high-risk trading, SurgeTrader offers an excellent opportunity to test your skills and earn impressive profits. With its up-to-90% profit split and simple audition process, SurgeTrader is worth considering if you're ready for a challenge.
Are you ready to take your trading to the next level and earn substantial rewards? Sign up for SurgeTrader today by clicking here.