SurgeTrader Review 2023

SurgeTrader—registered under Surge Capital Ventures—is a prop trading firm that claims to offer simple rules and a streamlined process to funded trading.To get more news about surgetrader review, you can visit wikifx.com official website.

Compared to other prop firms (which often feature a multi-step evaluation process), SurgeTrader is relatively simple. Supporting nearly any type/step of trading activity and setting clear rules for trading (such as maximum trailing drawdown and a specific profit target), SurgeTrader seems great at face value.

Are there any downsides to the platform? If so, what should you know before signing up? Find out in the comprehensive SurgeTrader review below!
The profitable trader who wants access to funded trading but doesn’t want to waste weeks being evaluated by other prop trading firms.

Since the SurgeTrader audition process is only a single stage, anyone with the proper trading skills can complete the audition in as little as the time it takes to meet the training requirements! This trading platform doesn’t impose any time limitations.

Additionally, Surge Trader supports a wide range of trading styles, allowing users to use whichever trading strategy they’d like (so long as they stay within Surge Trader’s trading requirements).
What is SurgeTrader?
Surge Trader is a prop firm that resulted as a joint effort of an institutional trader, a venture capitalist, and a forex trader. These three individuals wanted to create a prop firm that simplified the path to trader funding, offering straightforward trading rules and minimal limitations.

Currently, Surge Trader is one of the more lenient trading firms. The platform offers a profit split of up to 90%, supports a wide range of trading instruments (beyond individual stocks), sets no minimum trading days requirement, and allows traders to use whatever strategies they deem necessary to succeed.

Whether your preferred style is news trading, algorithmic trading, hedging, or something else, SurgeTrader will allow you to maximize your trading profits using their funding.
Features
The main appeal of SurgeTrader is its simple rules for all trading accounts. Unlike other prop firms, Surge Trader sets uniform trading conditions trading requirements—such as a 4% daily loss limit, 5% maximum drawdown, and 10% profit target—across all account levels.

The platform supports nearly all trading techniques (such as news trading or hedging), 100+ trading instruments, and even offers educational resources to its members.

Pricing Plans
Like most prop trading firms, Surge Trader offers a variety of funding levels. As such, the fees you will need to pay can vary quite widely. Let’s take a look at the specifics!

Free
If you’d like to give SurgeTrader a try without making a commitment, the platform does offer free 30-day paper trading accounts. Although any progress you make using one of these accounts won’t count towards a SurgeTrader audition attempt, it still gives you time to familiarize yourself with the platform in a stress-free environment.

Paid
SurgeTrader offers funding from as little as $25,000 to a maximum of $1,000,000. The amount you must pay for an audition attempt will depend on the amount of initial funding you’d like.

It’s important to note that you can scale up your account towards a higher funding limit. However, if you should fail to meet the required profit margins, your account will be reset and you will need to repeat the audition process all over again.