SurgeTrader Review
8.0

SurgeTrader Review

Up to $1,000,000 in funding

Is SurgeTrader a reliable forex prop firm? What is their discount code? Can you trust them with your money? Find out in this SurgeTrader review.

Pros
  • Trustpilot score of 4.7 out of 5
  • Three Distinctive Funding Programs
  • Account Sizes extendable up to $1,000,000
  • Profit Sharing Ranging from 75% to 90%
  • Allow News Trading
Cons
  • Reduced Leverage in One-phase & Lightning Audition
  • Lot Size Restriction (1 Lot per $10,000 of Trading Capital)
  • Trailing Drawdown applicable to One-phase & Lightning Audition

What is SurgeTrader?

SurgeTrader is a subsidiary of E8 Funding LLC, and it was established on September 3, 2021. The company’s primary office is located at 4851 Tamiami Trail N, Suite 200, Naples, Florida. SurgeTrader operates as a proprietary trading firm and collaborates with ThinkMarkets as their designated broker, under the guidance of CEO Jana Seaman. 

The company offers a wide range of account types, including two-step and one-step evaluations, to assist traders across the globe in increasing their profitability. During the evaluation period, traders’ success is critical to their progress towards increased profits. 

SurgeTrader distinguishes itself by providing traders with the ability to handle account sizes of up to $1,000,000, along with profit-sharing percentages ranging from 75% to 90%. The company offers traders the opportunity to trade various financial assets, including FX pairings, commodities, indices, stocks, and cryptocurrencies. 

SurgeTrader prioritizes supporting traders in achieving financial success and advancing their trading pursuits.

Details about SurgeTrader.

Jana Seaman CEO (Chief Executive Officer) at SurgeTrader 

Jana Seaman, in her role as the CEO of SurgeTrader, is committed to providing business solutions and financial assistance to drive enterprises towards exceptional achievements. 

With a primary focus on boosting revenue for rapidly growing small and large firms, she oversees a variety of business units that encompass a wide range of disciplines including leadership coaching, employee onboarding, operational management, and capital provision. 

VALO Holdings is instrumental in facilitating significant and enduring growth for organizations, with a specific focus on the technology, financial services, and automotive industries.

Jana Seaman, her family, and the entire SurgeTrader team possess extensive knowledge and experience in the complexities of profitable market trading. Their expertise greatly influences the current mission of SurgeTrader. The main objective is to accelerate the process of supplying funds to traders by granting them access to institutional money, particularly their capital.

SurgeTrader has had significant expansion and a strong sense of camaraderie since its establishment. The sight of traders attaining remarkable profits and sustaining prosperous careers through trading has been genuinely inspirational. 

The organization functions as a platform that empowers proficient traders to achieve financial autonomy, enabling individuals to pursue a life driven by their true passions. SurgeTrader’s aim is centered around the immense satisfaction gained from helping others empower themselves.

SurgeTrader Funding Programs and Challenges: Rules and Requirements 

SurgeTrader offers its traders three distinct funding program choices:

  1. One-phase Audition
  2. Two-phase Audition
  3. Lightning Audition

One-phase Audition

SurgeTrader offers traders the One-phase Audition, which provides an opportunity to manage account sizes ranging from $25,000 to $1,000,000. The main goal of this program is to identify disciplined and profitable traders who can effectively manage risks during a streamlined evaluation period. Within the One-phase Audition, traders are allowed to trade with leverage up to 1:20, giving them flexibility. 

During the evaluation phase, traders need to achieve a profit target of 10%, while making sure they don’t exceed the maximum daily loss of 5% or the maximum trailing loss of 8%. There are no minimum or maximum trading day requirements in phase one. To qualify for a funded account, traders simply need to reach the 10% profit target without breaking the specified maximum daily or maximum loss limits. 

Completing the evaluation phase earns traders a funded account with no minimum withdrawal requirements. Traders must adhere to the 5% maximum daily loss and 8% maximum trailing loss rules. 

If any profit is generated, the initial payout can be obtained on day one, and subsequent withdrawals can be submitted every month. The profit splits range from 75% to 90%, depending on the profits earned on the funded account.

Add-ons for SurgeTrader’s One-phase Audition

  • No Stop-loss Requirement
  • 90% Profit Split
  • Double Leverage of 1:20

One-phase Audition Scaling Plan

The One-phase Audition has a scaling strategy that allows traders to increase the size of their account after generating a 10% profit compared to the initial account balance. It is important to emphasize that scaling the account does not involve giving up the profit share or commencing a new evaluation period. 

However, in the scaled One-phase Audition, traders are required to achieve the 10% profit target once more, while ensuring that the current profit share arrangement remains unaffected.

Account SizeProfit TargetScaled Account Size
$25,00010%$50,000
$50,00010%$100,000
$100,00010%$250,000
$250,00010%$500,000
$500,00010%$1,000,000

One-Phase Audition Trading Rules & Objectives

  • Profit Target: Traders must attain a specified profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase stands at 10%. It’s important to note that funded accounts do not have any predefined profit targets.
  • Maximum Daily Loss: The maximum loss limit a trader can incur in a single trading day without violating the account is set at 5% for all account sizes. This safeguard ensures prudent risk management across various trading activities.
  • Maximum Trailing Loss: The maximum trailing loss is determined by the difference between the highest achieved account balance and the lowest point of the drawdown. Traders are allowed to incur a maximum trailing loss of 8% without breaching the account. This measure applies uniformly across all account sizes.
  • Stop-loss Required: Before initiating a trade, the trader must implement a stop-loss on each position. However, this requirement can be waived with the optional Add-on feature, providing traders with additional flexibility in their trading strategies.
  • Lot Size Limit: Lot sizes for specific trading instruments are subject to limitations, typically determined by the initial account balance. Please refer to the provided spreadsheet for detailed lot size limitations corresponding to the trading account. This ensures adherence to prudent risk management practices tailored to the specific account size and trading instruments.

Two-phase Audition

The SurgeTrader’s Two-phase Audition allows traders to supervise accounts with a value between $25,000 and $500,000. The main goal is to find skilled and lucrative traders who can efficiently handle risk throughout a two-step evaluation period. During the Two-phase Audition, traders are allowed to engage in trading with leverage of up to 1:50.

During the initial evaluation period, traders are required to reach a profit goal of 8% while strictly following the criteria of a maximum daily loss of 5% and a maximum loss of 8%. It is important to note that there are no specific minimum or maximum trading days criteria in phase one. 

Advancing to phase two necessitates achieving the 8% profit objective while staying under the prescribed thresholds for both daily maximum and maximum loss.

In the second evaluation phase, the objective is to reach a profit target of 5% while adhering to the rules of not exceeding a daily loss of 5% and a maximum loss of 8%. Like in phase one, there are no explicit minimum or maximum trading day prerequisites at this level. 

To achieve funded status, traders must achieve a profit target of 5% without exceeding the prescribed limits for maximum daily or maximum loss.

Upon completing both evaluation processes, the individual will be granted a funded account without any mandatory withdrawal conditions. Traders must comply with the regulations that limit daily losses to a maximum of 5% and overall losses to a maximum of 8%. 

If a profit is generated, the first payout can be acquired on the first day, and further withdrawals can be made monthly. The profit percentages vary between 80% and 90%, depending on the profits generated from the financed account.

Add-ons for SurgeTrader’s Two-phase Audition

  1. No Stop-loss Requirement
  2. 90% Profit Split

Lightning Audition

The Lightning Audition by SurgeTrader offers traders the chance to handle account amounts ranging from $10,000 to $100,000. The main objective is to find skilled traders who can effectively manage risk over a short evaluation period, while also being disciplined and profitable. Traders participating in the Lightning Audition can trade with a leverage ratio of up to 1:20.

During the evaluation phase, traders are assigned the goal of achieving a profit target of 5% while ensuring that they do not surpass the 3% limit on daily losses or the 4% limit on trailing losses. 

Significantly, participants are given one week to achieve the profit objective in phase one. Nevertheless, there are no specified criteria regarding the minimum number of trading days or trades needed to progress to a funded account.

After completing the evaluation step, traders are granted a funded account without any minimum withdrawal prerequisites. Strict compliance with the 3% maximum daily loss and 4% maximum trailing loss regulations is obligatory. 

The initial payout can be obtained on the first day if a profit is achieved, and further withdrawals can be requested every month. The profit percentages vary between 75% and 90%, depending on the profits generated from the financed account.

Add-ons for SurgeTrader’s Lightning Audition

  1. No Stop-loss Requirement
  2. 90% Profit Split
  3. Double Leverage of 1:20

Lightning Audition Scaling Plan

The Lightning Audition doesn’t have a scaling plan.

SurgeTrader Broker: Do They Use a Reliable Platform? 

When evaluating proprietary trading businesses that match the forex trading style, it is essential to determine the practicality of fulfilling their trading prerequisites. Although a company may appear attractive due to a high profit percentage and a well-funded account, its practicality decreases when it requires big monthly profits while limiting the maximum drawdown percentages. 

This considerably reduces the chances of achieving success. Furthermore, it is crucial to take into account time restraints, as having an unrestricted trading period is more beneficial since it reduces the stress related to time limitations. 

Finally, it is crucial to familiarize the traders with all trading regulations throughout the evaluation process and following funding phases to minimize the chance of inadvertently breaching the terms of their trading account.

One-phase Audition:

  • The realistic acquisition of capital is expected based on a target average profit of 10%.
  • The maximum loss regulations consist of a daily limit of 5% and a trailing loss limit of 8%.
  • The absence of any minimum or maximum trading day requirements allows for greater flexibility.
  • Funding can be obtained expeditiously or at a desired rate of exchange.
  • Participants who achieve success are eligible for rewards, with a profit distribution ranging from 75% to 90%.

Two-phase Audition:

  • The objective is to achieve a practical capital acquisition with somewhat conservative profit goals of 8% in phase one and 5% in phase two.
  • The maximum loss limits consist of a daily limit of 5% and a maximum loss limit of 8%.
  • The absence of any minimum or maximum trading day requirements provides a high degree of flexibility.
  • Funding can be obtained expeditiously or at a desired rate of exchange.
  • Participants who complete both phases will be eligible for rewards, with a profit distribution ranging from 80% to 90%.

Lightning Audition:

  • Implementing a pragmatic approach to acquiring financing with a reduced profitability objective of 5%.
  • The maximum loss limits consist of a daily limit of 3% and a trailing loss limit of 4%.
  • The profit target must be achieved within a week, without any specific minimum trading day criteria.
  • Unrestricted funding options without any precise constraints on trading days or trade numbers.
  • Participants who achieve success are eligible for rewards, with a profit distribution ranging from 75% to 90%.

SurgeTrader is strongly recommended for its three distinctive funding schemes, which consist of a two-step evaluation process and two one-step evaluations. These programs offer authentic trading goals and requirements to be eligible for receiving payments.

SurgeTrader Fees: How Much Do They Charge? 

Trading Commission

Trading InstrumentCommission Fee
Forex7 USD / LOT
Commodities7 USD / LOT
Indices0 USD / LOT
Crypto0 USD / LOT
Stocks4 USD / LOT (US STOCKS), 0.01% / LOT (UK STOCKS)

Education 

SurgeTrader offers its audience an extensive Blog featuring instructive content across ten distinct categories:

  • Charts & Technical Analysis
  • Forex
  • Fundamental Analysis
  • Market Outlook
  • Prop Trading
  • Risk Management
  • Terminology
  • The Trading Life
  • Trading Plans/Systems
  • Trading Psychology

Additionally, we can also discover a Trading Resources section, which provides a plethora of information for traders, such as trading techniques, risk management, technical analysis, and much more.

SurgeTrader stands out as an exclusive proprietary trading firm that provides a free trial option. This enables traders to familiarize themselves with and adjust to the trading conditions of the platform, hence reducing the probability of errors while selecting one of the two assessment programs that are offered.

Lastly, SurgeTrader provides all clients with access to a carefully designed trader dashboard. This feature improves risk management by offering uninterrupted access to extensive data and goals, guaranteeing real-time updates every minute throughout the day. This enhancement leads to an overall improved user experience.

SurgeTrader Trading Dashboard

SurgeTrader Proof of Payment:

SurgeTrader is a privately owned trading company founded on September 3, 2021. It has a successful group of traders who have reached the funded status and are eligible for profit-sharing.

After joining SurgeTrader and achieving funded status through the One-phase Audition, Two-phase Audition, or Lightning Audition, traders will receive their first reward on the first day if they can make a profit. After the first payment, traders will be eligible for subsequent payments every 30 days, provided that the account size exceeds the initial amount. 

The profit distribution is highly appealing, with 75% to 90% based on the earnings made in the financed One-phase Audition or Lightning Audition. The Two-phase Audition gives an even more generous profit split, ranging from 80% to 90%.

Individuals might consult multiple web platforms to verify SurgeTrader’s payment track record. Trustpilot is a platform where traders share their experiences with a company, providing detailed accounts of how they successfully received rewards. 

In addition, SurgeTrader’s Discord channel and Instagram page provide reliable evidence of payment, displaying multiple payout certificates from very skilled traders.

SurgeTrader Customer Support: 

SurgeTrader is also present on several social media networks.

  1. Facebook: 

SurgeTrader’s Facebook Page has an impressive 4.8k followers and provides insightful and engaging content. This article is a great resource for traders of all proficiency levels. The Facebook page enhances SurgeTrader’s capabilities by providing instructional content and insights into the trading world through visual means.

  1. Instagram:

SurgeTrader has a flourishing Instagram presence, boasting 41.8k followers. This platform delivers a visually immersive experience into the realm of trade, offering a distinct viewpoint on the company’s operations and accomplishments. It serves as a wellspring of motivation for traders as well as a means of maintaining connections with the community.

  1. Discord Channel:

The SurgeTrader community thrives on Discord, with the firm’s Discord channel boasting a membership of 16,233 individuals. This location is an interactive center where individuals may engage in debates, exchange experiences, and seek guidance.

  1. Customer Support: 
  • Live Support Channels: Yes 
  • Contact Information: Email: info@surgetrader.com
  • Phone: Toll-free: 866-998-7652, Direct: 239-944-5317
  • Supported Languages: English, Spanish
  1. Process of Account Opening: 
  • Registration Form – Enroll in SurgeTrader by completing the registration form using the individual’s information and accessing the dashboard by logging in.
  • Choose Your Account – Individuals must select the account type, broker, trading platform, and account size.
  • Apply Discount Code – Utilize the coupon code FPREVIEWS10OFF to receive a 10% reduction on all SurgeTrader challenge categories.
  • Choose Your Payment Method – Upon successful application of our discount code, traders can select from a range of payment methods including credit/debit card, PayPal, and cryptocurrency.

What Makes SurgeTrader Unique? 

SurgeTrader sets itself apart from other top proprietary organizations by providing three unique account options, which consist of two single-step evaluations and one two-step evaluation. 

Furthermore, the platform offers numerous beneficial features, including unlimited trading periods (except for Lightning Audition), no minimum trading day obligations, immediate withdrawals from the first day of achieving funded status, account sizes up to $1,000,000 (One-phase Audition), and a range of additional features.

The One-phase Audition at SurgeTrader is a simplified and efficient evaluation process in which traders must complete a single phase to qualify for payments. 

The review phase involves aiming for a profit target of 10%, while also implementing regulations that restrict the maximum daily loss to 5% and the maximum trailing loss to 8%. It is worth mentioning that there are no specific minimum or maximum trading day criteria during this phase. 

The One-phase Audition stands out due to its distinctive scaling approach, which allows traders to manage higher account amounts. This account type is distinguished in the industry for its unlimited trading time, lack of minimum trading day limitations, immediate withdrawal rights starting from the first day after funding, substantial account sizes of up to $1,000,000, and the option to include various additional features.

Comparison between SurgeTrader and Finotive Funding

Trading ObjectivesSurgeTraderFinotive Funding
Profit Target10%10%
Maximum Daily Loss5%4%
Maximum Loss8% (Trailing)7.5%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited

SurgeTrader Reviews: What Do Their Customers Say?

Trustpilot- 

SurgeTrader has 4.7 stars out of 5 on Trustpilot, with a total of 1,079 client reviews. They are a Trustpilot-verified company. On this platform, the company is in good shape.

#1. The customer stated that Nick Ramsey y’all!!!! He had considerable difficulty getting my ID validated, which he needed to receive a reimbursement. Not only did he respond quickly, but he was also able to contact higher support for an immediate resolution. He was able to obtain my payout and have everything repaired on the same day. Thank you so much, boss! It truly means a lot!

#2. CeeLee expressed concerns about the programs, and Dan provided thorough explanations to address these concerns. While CeeLee appreciated the overall excellent customer care, he felt that Dan could have been more persuasive in reassuring him about the legal formalities of the company. This concern arose after the My Forex Funds incident, which caused anxiety among traders who relied on trading as a source of income. However, he maintains a positive outlook regarding these individuals.

#3. David Hannan asserts that individuals who own Mac computers lack viable trading options. The web iteration of machine translation is excessively deficient. He utilizes TradingView to do trades on my account. He ultimately leased a Windows VPS, but the latency renders trading on the 5-minute timeframe excessively challenging. Aside from that, your offer is truly excellent. It would be advantageous to include the option for trading view.

#4. According to Carol Santos, he is dissatisfied since all the events that occurred to me appear to be reminiscent of a surreal experience involving them. He suffered a complete loss at their hands, and their assistance failed to provide a resolution to the problem he encountered with them. Avoid them and utilize Income Champion, which is the most superior investment he has encountered thus far.

Conclusion 

SurgeTrader is a reputable proprietary trading firm that provides numerous funding programs, including the One-phase and Lightning Audition, which are one-step assessments, and the Two-phase Audition, which is a two-step examination.

The One-Phase Audition establishes realistic trading objectives and demands a 10% profit target to secure funding. It also has a maximum daily loss of 5% and a maximum trailing loss of 8%. The evaluation has no time limits, and traders can work at their own pace with no minimum or maximum trading day criteria. The One-phase Audition presents a scaling strategy that increases opportunities to boost the beginning account balance.

Following industry norms, the Two-phase Audition is separated into two phases, each with a profit aim of 8% and 5%. It has identical loss rules and trading days flexibility. A scaling plan is also included in the Two-Phase Audition.

Another one-step evaluation is the Lightning Audition, which has a 5% profit target that must be met within a week. It follows a 3% daily and 4% trailing loss rule. There are time limits for the Lightning Audition, but no specific trading day requirements. It’s worth mentioning that the Lightning Audition lacks a scaling strategy.

Overall, SurgeTrader is a good option for individuals looking for a reliable trading platform with outstanding conditions, unlimited trading periods (except for Lightning Audition), no minimum trading day limits, and advantageous withdrawal regulations. 

SurgeTrader provides account sizes ranging from $1,000,000 to $1,000,000, as well as unique add-on features and regular profit splits ranging from 75% to 90%. SurgeTrader is a market-leading prop business that caters to a wide range of trading styles around the world.

SurgeTrader Review Details

Trading Platforms
Deposit Methods
Trading Programs
Incorporation

SurgeTrader is a popular forex prop firm that offers up to $1,000,000 in funding to traders. They have a generous profit split as well as a large selection of commodities for you to trade.

8.0
Fees
8.0
Trading Platforms
8.0
Deposit and Withdrawal
8.0
Customer Support
8.0 Overall Rating

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SurgeTrader Review
8.0/10
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