Are you interested in investing in the property market but would prefer something other than buying physical properties?
SurgeTrader might be the solution you’ve been looking for.
It is a proprietary trading firm that specializes in property trading. It has gained popularity among investors who want to tap into the property market without exposing themselves to too much risk.
This SurgeTrader review will delve deeper into the platform so you can determine if it fits your investment needs.
What Does SurgeTrader Offer?
If you’re looking for a simplified and streamlined way to get started with funded trading, SurgeTrader could be your prop firm. Founded with a vision to create a trading platform with clear and straightforward rules, SurgeTrader provides minimal limitations to traders.
The platform supports almost any type of trading activity and sets specific rules for trading, such as maximum trailing drawdown and profit targets.
Moreover, SurgeTrader’s evaluation process is relatively straightforward, which makes it an excellent choice for traders who prefer a more lenient approach.
SurgeTrader offers a generous profit split of up to 90% and allows traders to use any preferred trading strategy.
Whether you specialize in news trading, algorithmic trading, hedging, or any other approach, SurgeTrader enables you to maximize your trading profits.
Features of SurgeTrader
1) Funded trading
SurgeTrader is a prop trading firm that makes it easy for traders to get started with funded trading. Their evaluation and funding process is straightforward and streamlined, enabling traders to jumpstart their trading careers with them.
2) Trading instruments
With SurgeTrader, traders can access diverse trading instruments beyond individual stocks and forex pairs. The platform supports commodities, futures, options, and more, offering traders more opportunities to explore and find their niche.
3) Trading strategy
SurgeTrader sets clear rules for trading, but they don’t limit traders in their choice of strategy. Traders can use any trading approach, whether news, algorithmic, or hedging.
SurgeTrader supports traders in maximizing their profits by allowing them to use the best strategy.
4) Generous profit split
SurgeTrader offers a profit split of up to 90%, making it an attractive choice for traders seeking favorable terms compared to other prop firms. With such a generous profit split, traders can enjoy a more significant share of their profits.
5) Flexible trading
SurgeTrader does not impose a minimum trading days requirement, unlike other prop firms. This means traders can trade as little or as much as they like without feeling pressured to meet a certain quota.
Such flexibility can appeal to traders who value autonomy in their trading careers.
SurgeTrader Pricing
SurgeTrader fees can vary significantly depending on the level of funding, providing traders with greater flexibility in choosing a funding level that suits their budget and trading goals.
Free
If you want to test out the platform without committing, SurgeTrader offers a free 30-day paper trading account.
Although any progress you make during this time won’t count towards a SurgeTrader audition attempt, it’s a sound way to get used to the platform’s stress-free environment.
Paid
If you’re ready to take the bold step and invest in SurgeTrader, you can start with as little as $25,000 and go up to $1,000,000. However, remember that the cost of an audition will depend on the amount of funding you choose.
You must note that you can increase your account to a higher funding limit. However, if you don’t meet the required profit margins, your account will be reset, and you’ll need to start the audition process again.
Currently, SurgeTrader offers the following funding options and fees:
- $25k of funding – $250 per audition
- $50k of funding – $400 per audition
- $100k of funding – $700 per audition
- $250k of funding – $1,800 per audition
- $500k of funding – $3,500 per audition
- $1m of funding – $6,500 per audition
Consider your financial goals and investment preferences when choosing the option that works best for you.
Pros and Cons of SurgeTrader
Alright, we’re down to this section of our review on SurgeTrader, where we’ll be looking at some of the pros and cons this platform offers.
Pros of SurgeTrader
- A straightforward and streamlined process for funding
- Traders can use any trading strategy
- SurgeTrader offers a profit split of up to 90%
- Provides educational resources to its members
- Fast processing time for withdrawals with no restrictions
Cons of SurgeTrader
- No futures or options trading is available
- The default profit payout is 75%, but traders can increase it to 90%
- No refunds are offered
- Stop loss is required for each trade, with a maximum loss of 4%
- Holding open positions over the weekend is not possible
Is SurgeTrader Worth it?
This is more like you are trying to know if SurgeTrader is reliable. The platform provides a streamlined process.
Its support for nearly any trading activity and its wide range of trading instruments makes it an attractive choice for new and professional traders.
The no minimum trading days requirement and educational resources also add to its appeal. Overall, if you’re a profitable trader looking for funded trading without a lengthy evaluation process, SurgeTrader could be an excellent choice.
If you’re a seasoned trader looking for a flexible, streamlined, and potentially profitable prop trading opportunity, click here to sign up and see what SurgeTrader can do for you.
