SurgeTrader Review
SurgeTrader, officially registered as SurgeTrader LLC, is a proprietary trading firm established on September 3, 2021. Located in Naples, Florida, the company is led by CEO Jana Seaman. SurgeTrader offers traders a choice of three account types, including a two-step evaluation process and two one-step evaluations. They have partnered with ThinkMarkets to serve as their brokerage firm.
- Platforms for Prop Trading: MetaTrader 4, MetaTrader 5
- Participation cost: from $50
- Available capital for management: from $5,000 to $1 000,000
- Leverage Available up to 1:50
- Three Distinct Capital Programs
- Funding Limits up to $1,000,000
- Numerous Additional Options
- Advanced Trading Dashboard for Professionals
- A Wide Range of Trading Assets (Including Forex, Commodities, Indices, Stocks, Cryptocurrencies)
- Leverage Options up to 1:50
- No Minimum Day Trading Requirement
- Unlimited Trading Duration for Single & Dual-phase Evaluations
- Scaling Strategy (Excluding Lightning Evaluation)
- Initial Profit-based Payouts
- Profit Sharing from 75% to 90%
- Permission for Overnight and Weekend Positions
- Allowance for Trading During News Events
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Expert Advisors Suitable for this Prop Firm:
SurgeTrader Funding Programs
SurgeTrader is a proprietary trading firm with worldwide operations, dedicated to helping traders across the globe enhance their profitability. This support depends on the trader's performance after they successfully pass the evaluation period linked to their chosen funding program. SurgeTrader offers traders the chance to significantly boost their earnings with the ability to manage account sizes up to $1,000,000 and benefit from profit splits of up to 90%. Traders can achieve this through a diverse range of financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.
One-phase Audition SurgeTrader Program
SurgeTrader rules:
Profit Target: Traders are required to reach a specified profit percentage to successfully complete an evaluation phase, withdraw profits, or scale their trading accounts. The profit target for the evaluation phase is set at 10%. There are no fixed profit targets for funded accounts.
Maximum Daily Loss: This represents the highest allowable loss a trader can incur in a single trading day without violating account conditions. All account types have a maximum daily loss limit of 5%.
Maximum Trailing Loss: Calculated as the difference between the peak account balance and the lowest point during a drawdown, the maximum trailing loss determines the most a trader can lose without breaching the account terms. This limit is set at 8% for all account sizes.
Stop-loss Requirement: Traders must set a stop-loss order on each trading position before executing trades. This is a compulsory measure to manage risks effectively, although it is not mandatory if using certain add-ons.
Lot Size Limit: There are restrictions on the maximum lot sizes that can be traded for specific instruments, typically based on the initial balance of the trading account. For detailed information on specific lot size limits, please consult the spreadsheet provided below.
SurgeTrader’s One-phase Audition offers traders the chance to handle accounts ranging from $25,000 to $1,000,000. This program is designed to identify disciplined traders who demonstrate profitability and effective risk management during a single-step evaluation period. Participants in the One-phase Audition can trade with leverage up to 1:20.
During the evaluation phase, traders must achieve a profit target of 10%, while adhering to a 5% maximum daily loss and an 8% maximum trailing loss. Importantly, there are no minimum or maximum trading day requirements in this phase. To advance to a funded status, traders need only meet the 10% profit target without violating the daily or trailing loss limits.
Upon successfully completing the evaluation, traders gain access to a funded account with no minimum withdrawal requirements. They must continue to observe the 5% daily loss and 8% trailing loss limits. Profits can be withdrawn from the first day if earnings are generated, with subsequent withdrawals available monthly. Profit splits range from 75% to 90%, depending on the profits earned in the funded account.
The One-phase Audition includes a scaling plan that provides further growth opportunities for successful traders. If a trader achieves a profit of 10% based on the initial account balance, they have the option to escalate their account to the next available size. Importantly, scaling the account does not mean forfeiting your current profit split or starting over in a new evaluation period. Instead, the scaled One-phase Audition continues under the same conditions, requiring the trader to again meet a 10% profit target at the new account level.
| Account Size | Profit Target | Scaled Account |
|---|---|---|
| $25,000 | 10% | $50,000 |
| $50,000 | 10% | $100,000 |
| $100,000 | 10% | $250,000 |
| $250,000 | 10% | $500,000 |
| $500,000 | 10% | $1,000,000 |
Two-phase Audition SurgeTrader Program
SurgeTrader rules:
Profit Target – Traders are required to reach a specific profit percentage to successfully complete an evaluation phase, withdraw earnings, or scale their trading account. In Phase 1, the profit target is set at 8%, while Phase 2 requires a profit target of 5%. Funded accounts, however, are not subject to predefined profit targets.
Maximum Daily Loss – There is a cap on losses a trader can incur in a single trading day without violating account terms. For all account sizes, this maximum daily loss is set at 5%.
Maximum Loss – This is the overall loss limit a trader is allowed to incur without breaching their account. All account sizes are subject to a maximum loss limit of 8%.
Stop-loss Requirement – It is compulsory for traders to set a stop-loss on each position before initiating a trade, ensuring risk management is maintained throughout trading activities. This requirement can be waived if certain add-ons are used.
Lot Size Limit – There are restrictions on the lot sizes for specific trading instruments, which generally depend on the initial account balance. For detailed lot size limitations applicable to different instruments, please consult the spreadsheet provided below.
SurgeTrader's Two-phase Audition offers traders the chance to manage accounts ranging from $25,000 to $500,000, with the goal of identifying skilled traders who can consistently generate profits and manage risks effectively. This program allows trading with leverage of up to 1:50.
- Evaluation Phase One: Traders must achieve an 8% profit target while adhering to a 5% maximum daily loss and an 8% overall maximum loss limit. There are no specific requirements regarding the number of trading days in this phase. Advancement to phase two requires meeting the 8% profit target without violating the daily or overall loss limits.
- Evaluation Phase Two: In this phase, traders are required to achieve a 5% profit target, maintaining the same loss limits as in the first phase—5% daily and 8% overall. Similar to phase one, there are no minimum or maximum trading day requirements. Moving to a funded status necessitates reaching the 5% profit target without breaching the established loss limits.
Upon successfully completing both evaluation phases, traders are granted a funded account without minimum withdrawal requirements. Traders must continue to adhere to the 5% maximum daily loss and 8% maximum loss rules. The first payout can occur as soon as a profit is made, with subsequent withdrawals possible on a monthly basis. The profit split in the funded account ranges from 80% to 90%, depending on the profits generated.
The Two-phase Audition at SurgeTrader includes a scaling plan designed to facilitate account growth for successful traders. If a trader achieves an 8% profit in phase one and a 5% profit in phase two, based on their initial account balance, they qualify to scale their account to the next higher tier.
When scaling your account, it’s important to note that you retain your earned profit split and do not have to start over with a new evaluation. Instead, the scaled account continues within the framework of the Two-phase Audition. This means that once scaled, you will need to meet the profit targets of 8% again in phase one and 5% in phase two at the new account level.
This scaling process offers an effective way for traders to progressively manage larger amounts of capital while maintaining the continuity of their trading strategy and profit-sharing terms.
| Account Size | Profit Target (Phase 1) | Profit Target (Phase 2) | Scaled Account |
|---|---|---|---|
| $25,000 | 8% | 5% | $50,000 |
| $50,000 | 8% | 5% | $100,000 |
| $100,000 | 8% | 5% | $250,000 |
| $250,000 | 8% | 5% | $500,000 |
Lightning Audition SurgeTrader Program
SurgeTrader rules:
Profit Target: Traders are required to achieve a specified profit percentage to successfully complete an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is set at 5%. Funded accounts do not have predetermined profit targets.
Maximum Daily Loss: There is a limit on the maximum amount a trader can lose in a single trading day without violating the terms of their account. This maximum daily loss is capped at 3% for all account sizes.
Maximum Trailing Loss: This is defined by the difference between the highest achieved balance of the account and the lowest point of the drawdown. The maximum trailing loss allowed without breaching the account is 4% across all account sizes.
Maximum Trading Period: There is a specific duration within which traders must meet their profit target and conclude their evaluation phase. The evaluation phase is limited to a maximum trading period of 7 calendar days.
Stop-loss Requirement: It is compulsory for traders to set a stop-loss on each position before initiating a trade to manage risk effectively. This requirement can be waived with certain add-ons.
Lot Size Limit: There are restrictions on the lot sizes that can be traded for specific instruments, generally based on the initial balance of the trading account. For details on specific lot size limitations, please refer to the spreadsheet provided below.
SurgeTrader's Lightning Audition offers traders the chance to manage accounts ranging from $10,000 to $100,000, focusing on identifying disciplined and profitable traders who can effectively manage risk through a one-step evaluation period. This program permits trading with leverage of up to 1:20.
Evaluation Phase: During this phase, traders must achieve a 5% profit target without exceeding a 3% maximum daily loss or a 4% maximum trailing loss. The timeframe to reach this target is strictly one week, though there are no minimum trading day requirements or a set number of trades needed to advance to a funded account.
Successful Completion: Upon meeting the evaluation criteria, traders gain access to a funded account. This account comes with no minimum withdrawal stipulations, but traders must continue to adhere to the 3% maximum daily loss and 4% maximum trailing loss regulations. Payouts can commence from the first day profits are made, with subsequent withdrawals permissible on a monthly basis. Profit splits range from 75% to 90%, determined by the profits accrued in the funded account. This streamlined audition process is designed to quickly transition skilled traders into trading with substantial capital while maintaining rigorous risk management standards.
Noted. SurgeTrader's Lightning Audition is structured without a scaling plan. This means that traders who participate in the Lightning Audition will manage the account size they initially qualify for throughout the duration of their trading with the firm. After successfully completing the evaluation phase, they can continue trading with the same account size, adhering to the established rules and profit-sharing arrangements, but they won't have the option to automatically escalate to larger account sizes based on performance metrics, as seen in other programs. This setup emphasizes maintaining consistent performance within the set parameters without the complexity of adjusting to larger capital management responsibilities.
The Best Prop Firm passed software are here:
SurgeTrader is a proprietary trading firm established on September 3, 2021. It boasts a substantial community of traders who have achieved funded status and are eligible for a profit split.
Upon achieving funded status through any of SurgeTrader's audition programs—be it the One-phase Audition, Two-phase Audition, or Lightning Audition—traders can receive their first payout on day one if they generate a profit. Subsequent payouts are available every 30 calendar days, provided traders exceed their initial account balance. The profit splits are quite favorable, ranging from 75% to 90% depending on the program and the profits generated on the funded account. Specifically, the One-phase and Lightning Auditions offer profit splits from 75% to 90%, while the Two-phase Audition offers a profit split of 80% to 90%.
For those seeking verification of SurgeTrader's payment practices, various sources provide evidence of their reliability. Trustpilot features reviews from traders sharing their experiences and confirming the receipt of payouts. Additionally, SurgeTrader's Discord channel and Instagram page are rich resources for viewing payout certificates and testimonials from many of its successful traders.
These platforms provide visual and anecdotal evidence of the payment proofs, offering new and prospective traders reassurance of the firm's legitimacy and commitment to rewarding successful trading.
SurgeTrader Review and Our opinion about this Prop Firm
SurgeTrader is recognized as a reputable and trustworthy proprietary trading firm, offering traders a choice among three distinctive funding programs: the One-phase and Lightning Audition, which are one-step evaluations, and the Two-phase Audition, a more comprehensive two-step evaluation.
- One-phase Audition: This program is a one-step evaluation that requires traders to complete a single phase to manage a funded account, with potential profit splits ranging from 75% to 90%. Traders are tasked with achieving a 10% profit target, governed by a 5% maximum daily and 8% maximum trailing loss rules. There are no minimum or maximum trading day requirements during the evaluation phase, allowing traders to operate at their preferred pace without time constraints. A key feature of the One-phase Audition is the scaling plan, which enables successful traders to increase their initial account balance.
- Two-phase Audition: Recognized as an industry-standard, this two-step evaluation requires completing two phases before managing a funded account, with profit splits of 80% to 90%. The profit targets are set at 8% for phase one and 5% for phase two, with the same loss rules as the One-phase Audition. Like the One-phase, there are no time constraints on trading days, and it includes a scaling plan, enhancing the opportunity to grow the initial account size.
- Lightning Audition: This is also a one-step evaluation, where traders must meet a 5% profit target within a week to qualify for managing a funded account and earn profit splits of 80% to 90%. It is characterized by a 3% maximum daily and 4% maximum trailing loss rules, with no minimum trading day or trade number requirements. Notably, the Lightning Audition does not feature a scaling plan, distinguishing it from the other two programs.
SurgeTrader caters to a diverse range of trading styles and preferences with features such as unlimited trading periods (except for the Lightning Audition), no minimum trading day requirements, and the possibility of immediate withdrawals after reaching funded status. With account sizes scalable up to $1,000,000 in the One-phase Audition and multiple add-on features, SurgeTrader positions itself as a leading entity in the proprietary trading industry. These offerings make SurgeTrader an excellent choice for individuals seeking a robust platform that supports their trading ambitions.
