As you can see from the chart, SurgeTrader offers investors cash ranging from $25,000 – $1,000,000. For the $25,000 account, these cost $200, and for the $1,000,000 account, they cost $6,500. With these accounts, you can leverage currency pairs, metals, commodities, and indices up to 10 times. Leverage on individual stocks is 5:1, whereas leverage on cryptocurrencies is 2:1. The account is funded in USD.
The Audit Process comprises just one phase and a 10% profit objective. Therefore, there is no 30-day evaluation period and no minimum trading day.
The maximum daily drawdown is 4%, and the maximum trailing drawdown is 5%. The profit split is 75%. Forex pairs, cryptocurrencies, commodities, energy, stock indices, and 90 distinct equities are all eligible for trading. Because of this, it works with a variety of merchants.
The MT4 trading platform is available for use by SurgeTrader’s traders. This is the over-the-counter trading industry standard platform. Overnight holding is permitted, but weekend holding is not.
What distinguishes SurgeTrader from other prop companies?
Since SurgeTrader only has one Phase in its audition process, it sets itself apart from other market leaders. SurgeTrader targets an average profit of 10% and has a lower leverage ratio than some other prop businesses. Compared to companies with 2-phase evaluation processes, including such FTMO, My Forex Funds, & True Forex Funds, this makes success easier to achieve.
The Audition Process can be finished faster than with other prop firms like FMO and My Forex Fonds because there is no minimum trading day requirement (5-day minimum trade days rule).
Surge Trader financing can be obtained through a wide range of trading tactics. This is since they have a large variety of trading instruments and rather lenient trading rules.
Who is the broker used by SurgeTrader?
8Cap, a broker, and SurgeTrader’s technology have been combined. This broker is situated in Melbourne, Australia, and is governed by ASIC. Its goal was to provide customers with outstanding financial services. They started out in 2009. Customers can trade FX, indices, & commodities with five offices worldwide and numerous regulatory jurisdictions.
There are two different account types: Raw and Standard. Depending on which account you use, the commissions & fees will change. While Raw accounts receive a commission, Standard accounts have spread. Another expense to consider is the overnight charge. This is a desire to keep a trade open into the night. With restrictions based on the size of your trading account, you can leverage up to 1:30. Surge trader is one of the best prop trading firms.
They function as a MetaTrader broker, providing the MetaTrader4 and MetaTrader5 platforms from the MetaQuotes Software Corporation. They make trading simple and offer a personalized experience. Once a trader passes the audition, SurgeTrader grants them genuine accounts.
Is it feasible to obtain SurgeTrader capital?
When choosing the firms that will best suit your trading style & trading style, it is crucial to consider the trading needs of the prop firms. For instance, it sounds fantastic when a company promises a high percentage profit split on well funded accounts, but your prospects of success are minimal if they anticipate strong monthly profits and modest maximum drawdowns.
After accounting for everything, SurgeTrader is a fantastic option for funding. Only a Phase Audit will be required of you, and you will be expected to employ stop-losses on each trade.
Given that the profit aim is 10%, the rules of the audition process are reasonable. A daily drawdown cap of 4% and a maximum trailing drawdown cap of 5.5% are in place. Trading with an overnight holding limit of $1,000,000 is permitted.
Genuineness of SurgeTrader
A actual business, SurgeTrader is situated in Naples, Florida, in the United States. We did quite a bit of investigation on the business, and neither our personal knowledge of SurgeTrader nor what we discovered when reading internet surge trader review revealed any significant red flags.
Frequently asked questions:
What happens if I successfully complete the SurgeTrader Audit?
Compared to other prop trading companies, which may require up to two business days to analyze and confirm your assessment, SurgeTrader responds more quickly. Within 24 hours, SurgeTrader will fund your account. You will get an email with your new account information once you pass the SurgeTrader Audition. If you adhere to the risk management principles, you can trade from the funded account.
Is a repeat SurgeTrader Audition eligible for a discount?
Yes. SurgeTrader is interested in your success. We want to offer a platform where skilled traders may advance and boost their profits. We’re here to help you, not punish traders for paying the full fee. Every subsequent SurgeTrader Audition is 20% discount at SurgeTrader.
