Imagine having the keys to unlock a world of trading opportunities, where your skills are the only limit to your success!!!

Take the example of Surge Trader, a proprietary trading firm that's shaking up the industry with its innovative approach!

In this SurgeTrader Review 2024 ⇛$1,000,000 Funding?!, we'll dive deep into what sets this firm apart from the competition and why it's quickly becoming a trader's paradise!

From its streamlined one-step evaluation process to lightning-fast funding, Surge Trader is redefining the path to becoming a funded trader. 

But that's just the tip of the iceberg!!!

Buckle up and get ready to explore the world of Surge Trader, where simplicity meets opportunity, and where your trading dreams can become a reality.  

This review will provide you with an unbiased and comprehensive look at what Surge Trader has to offer!

💸 SurgeTrader Review 💸

Surge Trader Review

Surge Trader is a rapidly growing prop trading firm based in Naples, Florida. Founded in 2021, the company is led by CEO Jana Seaman and offers traders an opportunity to trade with the firm's capital through its innovative funded trader programs.

What sets Surge Trader apart is its streamlined one-step evaluation process that requires traders to pass just a single “audition” phase to get funded. This is a major advantage over other prop firms with multi-phase evaluations. 

The firm prides itself on having simple and straightforward trading rules with no time restrictions during the audition phase. It offers a user-friendly trading platform and a diverse range of tradable assets including forex, cryptocurrencies, stocks, and commodities. Leverage of up to 50:1 is available for certain assets.

Headquartered in sunny Naples on Florida's west coast, Surge Trader has quickly built a reputation for its transparent policies, responsive trader support, and creative promotional offers like account giveaways. With its fresh approach, the firm is aiming to disrupt the prop trading industry and empower traders worldwide.

Key InformationDetails
CEOJana Seaman
Key featuresSimple Trading Rules, Diverse Asset Provider, Responsive Customer Support, Free Practice Account, Active Trading Community
BrokerThinkMarkets
Trading PlatformMetaTrader4 and MetaTrader5
Payout Split90%
First PayoutAs soon as you achieve gains in virtual funded accounts
Subsequent PayoutsFlexible 
Daily Drawdown8%
HeadquartersNaples, Florida
Expert AdvisorsAllowed
Max Funding$,000,000
Funding ProgramsThe Ability Challenge, Funded Trader Program, Flex Trader Program, and Pro Trader Program
Leverage1:50
Weekend HoldingAllowed
ContactCall on 866-998-7652, 239-944-5317or email: info@surgetrader.com

Surge Trader Key Features

  1. Simple Trading Rules

One of the main appeals of Surge Trader is its simple and straightforward trading rules across all account levels. This includes: a 5% daily loss limit to protect trading capital, an 8% maximum trailing drawdown, a 10% profit target for the 1 Phase Audition, and No time restrictions or minimum trades required during auditions 

  1. Diverse Asset Offerings:

Traders on Surge Trader can trade a wide range of assets including forex, cryptocurrencies, stocks, and commodities. There are no restrictions on trading strategies like hedging or algos. 

  1. Responsive Customer Support:

Surge Trader is praised for its responsive customer service, with quick response times and efforts to assist traders.

  1. Free Practice Account:

SurgeTrader offers a free practice trading account that allows traders to get hands-on experience with the platform and test their strategies before taking an audition. This helps traders familiarize themselves with the trading environment. 

  1. Active Trading Community:

SurgeTrader has built an active trading community where traders can engage, share insights, and stay updated on industry trends. This includes a Discord server, weekly YouTube live sessions, and other networking opportunities.

Surge Trader Pros and Cons

Pros

  • Has a competitive Profit Split, one of the highest in the industry
  • Streamlined one-step “audition” process to get funded, unlike multi-stage evaluations at other firms
  • Praised for quick response times and efforts to assist traders

Cons

  • Need to pass a paid audition/evaluation to get funded, seen as a barrier by some
  • Mastering consistent profitability takes years of dedicated effort

How to Sign Up for Surge Trader? Step-by-Step Guide

Step 1: Go to SurgeTrader's official website at https://surgetrader.com/

Step 2: Click on the “Start Trading” button on the homepage. 

Step 3: Select the account tier you want to start with. The options range from the $25,000 Starter account to the $1,000,000 Master account. Each tier has a different audition fee. 

Step 4: Choose your preferred trading platform – either MetaTrader 4 (MT4) or MetaTrader 5 (MT5). 

Step 5: Complete the purchase for your selected account tier package by providing payment details. 

Step 6: After purchase, you will receive a welcome email with login details to access your SurgeTrader account dashboard. 

Step 7: Download and install the MT4 or MT5 trading platform using the instructions provided. 

Step 8: Log into the trading platform using the credentials from your welcome email. 

Step 9: You can now start practicing on the demo account before taking the SurgeTrader Audition phase you signed up for. 

Step 10: When ready, initiate the audition from your account dashboard. The goal is to grow the account by 10% while following SurgeTrader's trading rules. 

Step 11: If you pass the audition successfully within the rules, you will be notified within 24-48 hours to get your funded live trading account activated.

Surge Trader Funding Programs

Surge Trader offers four funding options: 1 Phase, 2 Phase, and Lightning.

1. 1 Phase:

Surge Trader 1-phase

The 1 Phase Audition is SurgeTrader's flagship program that allows you to get funded through a single evaluation phase. It's designed to be straightforward – achieve a 10% profit target without exceeding the 5% daily drawdown limit, and you'll receive a fully funded live account.

There's no time restriction, so you can take this audition at your own pace. Trade as aggressively or conservatively as you'd like using any strategies – discretionary, algos, hedging, you name it. The rules are simple and trader-friendly.

Once funded, you'll keep up to 90% of the profits you generate, with the potential to increase from the standard 75% split through add-ons. Account sizes range from $25,000 up to an impressive $1 million.

Account SizePrice
$25,000$250
$50,000$400
$100,000$700
$250,000$1,800
$500,000$3,500
$1,000,000$6,500

2. 2 Phase

Surge Trader 2-phase

If you prefer a more gradual path, SurgeTrader's 2-Phase Audition could be the perfect fit. As the name suggests, it involves two separate evaluation phases before you get funded.

Phase 1 requires hitting an 8% profit target while Phase 2 brings the target down to 5%. You'll trade with higher 50:1 leverage and a more forgiving 8% fixed drawdown limit across both phases.

Nail the two phases, and you'll unlock a funded live account with the same flexible trading conditions. Your profit split? A generous 80% up to 90% of the gains you make. Account sizes span $25,000 to $500,000 in this program.

Account SizePrice
$25,000$200
$50,000$300
$100,000$500
$250,000$1,200
$500,000$2,300

3. Lightning

Surge Trader Lightning

For those seeking an accelerated path, the Lightning Round could be a thrilling option. With just 7 days to achieve a 5% profit target and a 4% trailing drawdown limit, it truly lives up to its name!

But don't let the short timeframe fool you – SurgeTrader has made this audition incredibly accessible by offering account sizes as low as $50. If you can prove your trading chops within that week, a funded live account awaits with up to 90% of profits yours to keep.

The Lightning Round epitomizes SurgeTrader's commitment to catering to traders of all experience levels through their innovative funding solutions.

Account SizePrice
$10,000$50
$25,000$100
$50,000$180
$100,000$300

Surge Trader Payouts

One of the major draws of trading with SurgeTrader is its competitive and transparent payout system. Once you successfully pass the audition phase and get funded, you're entitled to keep a significant portion of the profits you generate.

SurgeTrader offers one of the highest profit splits in the industry, allowing traders to keep between 75-90% of their trading profits depending on the account size. The larger funded accounts have higher profit share percentages as an incentive.

The payout process itself is designed to be fast and hassle-free. There's no minimum waiting period – you can request your first payout as soon as your account shows gains. Subsequent payouts can then be requested every 30 days after the initial one.

Withdrawals are typically processed within 1-2 business days, ensuring you receive your hard-earned profits promptly. SurgeTrader is praised by traders for its efficiency in handling payouts, a major advantage over some other prop firms with lengthy waiting times.

What's more, there are no maximum payout caps or limits imposed. The more you profit, the more you get paid – it's as simple as that. This performance-based model aligns SurgeTrader's interests with those of their traders, fostering an environment of trust and transparency.

Does Surge Trader Partner With a Legit Broker?

When it comes to executing trades, ThinkMarkets partners with some of the most reputable and trusted brokers in the industry. Their primary broker is Forex.com, a globally recognized leader in online trading.

ThinkMarkets is a multi-award-winning provider of online trading services, regulated by top-tier authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). This strong regulatory oversight ensures a secure and transparent trading environment for SurgeTrader's clients.

One of the key advantages of using ThinkMarkets is the availability of advanced trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These industry-standard platforms are equipped with comprehensive charting tools, indicators, and order management capabilities, providing traders with a user-friendly yet powerful trading experience.

By collaborating with an industry leader like ThinkMarkets, SurgeTrader ensures that its traders benefit from top-notch trade execution, robust security measures, and a wide range of trading tools and resources, all while maintaining the simplicity and flexibility that SurgeTrader is known for.

Why Should You Choose Surge Trader over Other Prop Firms?

  1. Competitive Profit Split up to 90% :

SurgeTrader offers one of the highest profit splits in the industry, allowing traders to keep between 75-90% of the profits they generate, depending on the account size. This is significantly higher than many other prop firms.

  1. No Time Restrictions During Auditions: 

SurgeTrader believes traders should have the time needed to let their strategy develop. There are no minimum trading days or time limits imposed during the audition phase, unlike some other firms.

  1. Funded with Real Capital:

Unlike some firms that use demo accounts, SurgeTrader funds accounts with real capital, aligning the interests of traders and the firm. This avoids potential conflicts over payouts.

  1. Fast Payouts with No Delays:

Traders can request payouts quickly after becoming profitable, with no lengthy waiting periods like at some other prop firms.

FeaturesSurge TraderSmart Prop TraderBlue GuardianFunded Next
Trustpilot Rating4.5/54.7/54.8/54.8/5
Max Funding$1,000,000$100,000$200,000$200,000
Profit SplitUpto 90%Upto 90%Upto 85%Upto 95%
Trading InstrumentForex, Commodities, Indices, and CryptocurrenciesForex, Commodities, Indices, and CryptocurrenciesForex, Commodities, Indices, Stocks, and CryptocurrenciesForex, Commodities, Indices, and Cryptocurrencies
Platforms and ToolsMetaTrader4 and MetatRader5DXTradeMetaTrader4 and MetaTrader5MetaTrader4 and MetatRader5

Surge Trader Ratings and Reviews on Trustpilot

Surge Trader rates a whopping 4.5 out of 5 on Trustpilot!!! Now, let’s see what people have to say about the prop firm!

Surge Trader Ratings and Reviews on Trustpilot

Review 1:

This user talks in detail about the top-notch customer service of Surge Trader! Take a minute to read it!

Surge Trader Review 1

Review 2:

I was kidding when I said it’s truly one of the best prop firms out there!

Surge Trader Review 2

Review 3:

Trust equates to SurgeTrader, undoubtedly!

Surge Trader Review 3

FAQs on SurgeTrader

What is prop trading? 

Prop trading allows traders to trade with a firm's capital after passing an audition process. Profits are split between the trader and the firm.

What are the risks of prop trading? 

Traders rely on the firm's rules and risk being closed out if losses exceed limits, requiring them to re-audition.

How does SurgeTrader work? 

Traders purchase an audition account, pass an audition phase by meeting risk parameters, and then receive a funded live account to trade the firm's capital, keeping up to 90% of profits.

What are the account sizes and pricing for SurgeTrader auditions? 

The Lightning Round audition offers account sizes from $50 to $300.

How does leverage work at SurgeTrader? 

SurgeTrader offers high leverage like 50:1 in the 2-phase audition, allowing traders to control large positions with little capital required as a margin.

What are the key trading rules at SurgeTrader? 

SurgeTrader enforces rules like maximum drawdowns (e.g. 8% trailing in 1 Phase), daily loss limits (e.g. 5%), and weekend trading permissions.

What are traders' experiences with SurgeTrader? 

Trader opinions are mixed – some appreciate SurgeTrader's approach, while others have faced issues like persistent solicitation after signing up.

Wrapping Up

SurgeTrader presents an intriguing opportunity for aspiring traders seeking to get funded without the stringent requirements of some established prop firms. 

With its straightforward one-phase audition process, generous profit splits of up to 90%, and a relatively affordable entry point, SurgeTrader could be an appealing choice, especially for those just starting their funded trader journey.

However, as a newer player in the industry, it's crucial to thoroughly understand SurgeTrader's rules, trading conditions, and potential drawbacks before committing.

If you're an experienced trader looking for a cost-effective way to get funded without jumping through too many hoops, SurgeTrader is definitely worth exploring further. 

Why not sign up for their free trial account and get a firsthand feel for their platform and trading environment? 

If it aligns with your goals and trading style, taking the leap with SurgeTrader could be the first step toward realizing your funded trader dreams!!

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