Best suited for: This prop firm offers huge accounts from the get go, all the way up to $1 Million. They only require a single phase challenge with no minimum days. This firm would suit an experienced trader who wants large capital fast.
- Models on offer: 7/10
- Cost: 8/10
- Rule Fairness: 8/10
- Support: 9/10
- Profitability: 10/10
- Scaling System: 8/10
- Overall: 8.5/10
Surgetrader – Pros
- Massive account sizes – Option to go for a $1 million account right off the bat.
- Doesn’t restrict trading styles – Surgetrader allows pretty much any trading styles including copy trading, EA’s and Algos
- USA Based – Based out of Florida, this company benefits from access to great funding and tighter security measures.
- Single Phase Challenge – Just one phase to pass with a 10% Profit target.
Surgetrader – Cons
- Tight Drawdowns – 5% overall drawdown which trails, as well as 4% daily drawdown. Traders must use strict risk managment to ensure these arent breached.
- Not the cheapest – There are other cheaper options out the, most however are 2 phase models which must be taken into account
SurgeTrader allows a variety of trading styles, including Expert Advisors (EAs), copy trading, and algorithms. Traders are free to implement their preferred strategies within the rules of the firm. SurgeTrader also has rules around maximum daily and overall drawdowns to help ensure capital preservation and minimize risk. Traders must keep their daily drawdowns to no more than 4% and their overall drawdowns to no more than 5%. This rule can be challenging, but it helps traders learn to manage risk and become more disciplined.
SurgeTrader has a competitive profit-sharing model that enables traders to earn a higher percentage of profits as their account size increases. For the $1 million account, the profit split is 80/20, with the trader receiving 80% of the profits. This model can be very lucrative for successful traders, and SurgeTrader does not charge any additional fees for access to the account or profit sharing.
SurgeTrader provides exceptional trader support. The firm has a team of experienced traders who are available to answer questions and provide support as needed. SurgeTrader also offers a range of educational resources, including access to their proprietary trading course and a library of trading resources. Additionally, the firm provides daily risk management guidance, helping traders learn to manage their risk and maximize their profitability.
Cost of Programs
SurgeTrader’s program fees are competitive with other prop firms. The firm charges a $150 monthly fee to cover costs associated with the use of their proprietary trading platform, data feeds, and risk management tools. There are no other fees or hidden costs associated with SurgeTrader’s program.
SurgeTrader provides traders with a 10:1 leverage, which can be adjusted based on the trader’s experience and performance. Leverage can be a powerful tool for traders, enabling them to trade with larger positions and potentially increase their profits. However, it is important to use leverage responsibly and be mindful of the associated risks.
SurgeTrader is a prop trading firm that offers traders an opportunity to trade with large amounts of capital right from the start. The firm’s single-phase challenge is an attractive feature for experienced traders looking for a fast track to trading large accounts. The firm’s trading rules are relatively strict, but they help ensure capital preservation and risk management. SurgeTrader’s profit-sharing model is also very competitive, offering traders the potential for high profits. Finally, the firm’s exceptional trader support and educational resources make it a great option for traders who want to learn and grow as they trade. Overall, SurgeTrader is an excellent prop trading firm for experienced traders looking to trade with large amounts of capital.