{"id":5724,"date":"2023-02-23T11:07:11","date_gmt":"2023-02-23T11:07:11","guid":{"rendered":"https:\/\/mdfinancialskills.org\/?p=5724"},"modified":"2024-02-16T15:34:27","modified_gmt":"2024-02-16T15:34:27","slug":"surgetrader-review","status":"publish","type":"post","link":"https:\/\/mdfinancialskills.org\/surgetrader-review\/","title":{"rendered":"SurgeTrader Review: Rules, Pros, Cons, and Promos"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662c3f074d1c2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-662c3f074d1c2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Overview\" title=\"Overview\">Overview<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Pros\" title=\"Pros&nbsp;\">Pros&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Cons\" title=\"Cons\">Cons<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Promotions\" title=\"Promotions\">Promotions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Who_should_sign_up_with_SurgeTrader\" title=\"Who should sign up with SurgeTrader?\">Who should sign up with SurgeTrader?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Who_should_NOT_sign_up_with_SurgeTrader\" title=\"Who should NOT sign up with SurgeTrader?\">Who should NOT sign up with SurgeTrader?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#All_things_considered\" title=\"All things considered . . .\">All things considered . . .<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#SurgeTrader_Basics\" title=\"SurgeTrader Basics\">SurgeTrader Basics<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#SurgeTrader_origin_story\" title=\"SurgeTrader origin story\">SurgeTrader origin story<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#How_does_SurgeTrader_work\" title=\"How does SurgeTrader work?\">How does SurgeTrader work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#SurgeTrader_payout_proof\" title=\"SurgeTrader payout proof\">SurgeTrader payout proof<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#How_much_does_SurgeTrader_cost\" title=\"How much does SurgeTrader cost?\">How much does SurgeTrader cost?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#My_Assessment_of_SurgeTrader\" title=\"My Assessment of SurgeTrader\">My Assessment of SurgeTrader<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Profit_splits_810\" title=\"Profit splits: 8\/10\">Profit splits: 8\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Scaling_opportunities_610\" title=\"Scaling opportunities: 6\/10\">Scaling opportunities: 6\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Trade_parametersprofit_targets_710\" title=\"Trade parameters\/profit targets: 7\/10\">Trade parameters\/profit targets: 7\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Affordabilityvalue_910\" title=\"Affordability\/value: 9\/10\">Affordability\/value: 9\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Educational_resources_1010\" title=\"Educational resources: 10\/10\">Educational resources: 10\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Tradable_assets_1010\" title=\"Tradable assets: 10\/10\">Tradable assets: 10\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Trustworthiness_810\" title=\"Trustworthiness: 8\/10\">Trustworthiness: 8\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#My_overall_rating_8310\" title=\"My overall rating: 8.3\/10\">My overall rating: 8.3\/10<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#What_Others_Are_Saying\" title=\"What Others Are Saying\">What Others Are Saying<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#TrustPilot\" title=\"TrustPilot\">TrustPilot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Google_Business\" title=\"Google Business\">Google Business<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#SurgeTrader_Frequently_Asked_Questions\" title=\"SurgeTrader Frequently Asked Questions\">SurgeTrader Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Is_SurgeTrader_Legit\" title=\"Is SurgeTrader Legit?\">Is SurgeTrader Legit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Does_SurgeTrader_offer_discounts_or_promo_codes\" title=\"Does SurgeTrader offer discounts or promo codes?\">Does SurgeTrader offer discounts or promo codes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#What_trading_platforms_can_you_use_with_SurgeTrader\" title=\"What trading platforms can you use with SurgeTrader?\">What trading platforms can you use with SurgeTrader?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Can_anyone_join_SurgeTrader\" title=\"Can anyone join SurgeTrader?&nbsp;\">Can anyone join SurgeTrader?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Can_Americans_join_SurgeTrader\" title=\"Can Americans join SurgeTrader?\">Can Americans join SurgeTrader?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#How_do_you_pass_the_SurgeTrader_Audition\" title=\"How do you pass the SurgeTrader Audition?\">How do you pass the SurgeTrader Audition?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#What_can_I_trade_with_SurgeTrader\" title=\"What can I trade with SurgeTrader?\">What can I trade with SurgeTrader?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#What_types_of_accounts_does_SurgeTrader_offer\" title=\"What types of accounts does SurgeTrader offer?\">What types of accounts does SurgeTrader offer?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Is_SurgeTrader_regulated\" title=\"Is SurgeTrader regulated?\">Is SurgeTrader regulated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#Does_SurgeTrader_offer_second_chances\" title=\"Does SurgeTrader offer second chances?\">Does SurgeTrader offer second chances?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#How_do_I_get_in_contact_with_SurgeTrader\" title=\"How do I get in contact with SurgeTrader?\">How do I get in contact with SurgeTrader?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/mdfinancialskills.org\/surgetrader-review\/#My_SurgeTrader_Review_Summarized_in_Exactly_Fifty_Words\" title=\"My SurgeTrader Review Summarized in Exactly Fifty Words\">My SurgeTrader Review Summarized in Exactly Fifty Words<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overview\"><\/span>Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Launched in 2021, <a href=\"https:\/\/mdfinancialskills.org\/go\/pt\/st\/review\">SurgeTrader<\/a> is one of the hottest new prop trading firms. They\u2019re quickly making a name for themselves thanks to a one-step evaluation process, lightning-quick funding, simple trading rules, and great trader support.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/mdfinancialskills.org\/go\/pt\/st\/review\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.06.31-AM-1024x576.png\" alt=\"Screenshot of SurgeTrader's homepage with a bold yellow logo and the slogan &quot;Traders Wanted: Accelerated Trader Funding&quot; \" class=\"wp-image-5725\" style=\"width:724px;height:406px\"\/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pros\"><\/span>Pros&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>One-stage evaluation: Literally cuts your evaluation time in half when compared to FTMO and most other prop firms.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>No minimum trading days: Hit your profit target and you move on to become a funded trader, even if you do it in a single day.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>No time limits: Take your time to hit profit targets without worrying about a deadline.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Simple trading rules: There\u2019s only one main \u201chard\u201d rule: Stay above a 4% daily loss limit and a 5% max trailing drawdown.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Tons of tradable assets: SurgeTrader allows you to trade crypto, forex, oil, metals, indices, and a number of the \u201cmost popular\u201d stocks.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Accepts all trading strategies: As long as you abide by the rules, you\u2019re free to trade however you\u2019d like.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Trade real capital: SurgeTrader gives its funded traders real capital, unlike other prop firms that keep traders forever in demo mode.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Excellent education resources: SurgeTrader\u2019s blog, Discord channel, and trading resources offer a wealth of information that can benefit new traders and old hands alike.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cons\"><\/span>Cons<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>Tight trading parameters: The trading rules may be simple, but they\u2019re also pretty tight. A 5% overall trailing drawdown doesn\u2019t leave much margin for error. <\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Withdrawals can limit your max drawdown: With SurgeTrader, you can\u2019t withdraw 100% of your profits unless you want to close your account. To keep your account open, you have to leave a certain amount to protect you against a max drawdown breach.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Limited leverage: SurgeTrader allows a maximum leverage of 10:1 on forex, metals, oils and indices; 5:1 on shares; and 2:1 on crypto.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>One hidden rule: If you trade equities, you can\u2019t have an open position going into an earnings announcement. Violate this rule and you\u2019ll lose your account.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Promotions\"><\/span>Promotions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/mdfinancialskills.org\/go\/pt\/st\/review\"><strong>Click for July 4th sale &#8212;  10% sitewide discount <\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_should_sign_up_with_SurgeTrader\"><\/span>Who should sign up with SurgeTrader?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you want your capital fast but don\u2019t want to give up 50% of your profits like you would with the 5%ers or other instant-funding prop firms, <a href=\"https:\/\/mdfinancialskills.org\/go\/pt\/st\/review\">SurgeTrader could be a great solution<\/a>. With only a one-phase evaluation and no minimum trading days, you could be funded in a hurry and still cash out 75% of your profits.<\/p>\n\n\n\n<p>SurgeTrader is also a good choice for those who have trading strategies that might not be permitted at other prop firms or for whom other firms\u2019 rules feel too restrictive. SurgeTrader has very few trading restrictions and some very simple rules. A lot of prop firms advertise lax rules, but SurgeTrader actually delivers.<\/p>\n\n\n\n<p>SurgeTrader is also great for crypto traders, with more crypto options than any other prop firm I\u2019ve traded with or reviewed.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_should_NOT_sign_up_with_SurgeTrader\"><\/span>Who should NOT sign up with SurgeTrader?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you\u2019re a high-risk trader, SurgeTrader might not be your best bet. Their tight drawdowns don\u2019t leave you much margin for error.<\/p>\n\n\n\n<p>Equity traders also might stay away from SurgeTrader if they like to trade around news releases. Hidden in the SurgeTrader FAQs is a rule about staying flat around earning releases. If you don\u2019t, you won\u2019t just lose the trade, you\u2019ll lose your account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"All_things_considered\"><\/span>All things considered . . .<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader is a great choice for crypto and forex traders who can excel at risk management. If you do, and can stay away from the 5% drawdown, you\u2019ll be rewarded with real capital, real fast. If you\u2019re a safe trader, <a href=\"https:\/\/mdfinancialskills.org\/go\/pt\/st\/review\">sign up with SurgeTrader<\/a> and you could be funded within the week, maybe even sooner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SurgeTrader_Basics\"><\/span>SurgeTrader Basics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SurgeTrader_origin_story\"><\/span>SurgeTrader origin story<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader was <a href=\"https:\/\/finance.yahoo.com\/news\/prop-trading-firm-surgetrader-launches-120000440.html\" target=\"_blank\" rel=\"noopener\">launched in September of 2021<\/a> by venture capitalist Jana Seaman after a fateful business dinner with a forex broker and institutional trader. The idea for SurgeTrader was born in order to fund traders who have great talent and strategies but lack sufficient capital.&nbsp;<\/p>\n\n\n\n<p>Seaman is a well-known entrepreneur and philanthropist. Her venture-capital firm Valo Holdings provides the capital for SurgeTrader, runs Solas Wealth, a wealth-management company, and is also behind Seaman\u2019s life-coaching business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_does_SurgeTrader_work\"><\/span>How does SurgeTrader work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader is like most prop trading firms, with two notable exceptions: they only require you to pass one evaluation in order to receive a funded account and they have no minimum trading days.&nbsp;<\/p>\n\n\n\n<p>That means you can sign up with SurgeTrader, hit your profit target in one day, and if you didn\u2019t breach any of the trading rules, SurgeTrader will give you up to $1 million in capital in record time.<\/p>\n\n\n\n<p>Once you become a funded trader, SurgeTrader will give you the amount of capital you initially signed up for. Unlike with a lot of prop trading firms, this will be real money and you will actually be in the market. You will keep 75% of your profits, or 90% if you purchased an add-on when you first signed up, and SurgeTrader will cover any losses. If you violate any of the trading rules, you will lose your funded trader account and have to start over at the evaluation.<\/p>\n\n\n\n<p>SurgeTrader\u2019s website trumpets the two simple \u201chard rules\u201d that you must abide by, but there are actually three. Violate any one of them, and you will fail your evaluation or lose your funded account. Here\u2019s the rules: Don\u2019t lose enough that you violate either the 4% daily loss limit or the 5% overall max trailing drawdown. The third rule only applies to those trading shares: you must be flat going into an earnings release.<\/p>\n\n\n\n<p>There are also some \u201csoft\u201d rules. If you violate these rules you don\u2019t lose your account, but the trade that\u2019s in violation will be immediately closed. You have to close all positions going into the weekend, use a stop loss on every trade, and you can only trade a specified number of lots.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SurgeTrader_payout_proof\"><\/span>SurgeTrader payout proof<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A lot of traders have posted screenshots of their incoming payments from SurgeTrader as proof of payout. You can find many of these on SurgeTrader\u2019s Discord, but here\u2019s a few recent screenshots of Deel invoices:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"984\" height=\"479\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.20.45-AM.png\" alt=\"Screenshot showing a Deel invoice as a proof of payout of $1,875 from SurgeTrader to Nathanael A.\" class=\"wp-image-5727\" style=\"width:541px;height:263px\" srcset=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.20.45-AM.png 984w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.20.45-AM-300x146.png 300w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.20.45-AM-768x374.png 768w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"985\" height=\"473\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.21.24-AM-1.png\" alt=\"Screenshot showing a Deel invoice as a proof of payout of $24,446 from SurgeTrader to Nicholas M.\" class=\"wp-image-5729\" style=\"width:538px;height:258px\" srcset=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.21.24-AM-1.png 985w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.21.24-AM-1-300x144.png 300w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.21.24-AM-1-768x369.png 768w\" sizes=\"(max-width: 985px) 100vw, 985px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_much_does_SurgeTrader_cost\"><\/span>How much does SurgeTrader cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Unlike some other prop firms that offer more accounts than anyone could possibly need (looking at you My Forex Funds), SurgeTrader just has six account options. They do, however, offer some add-ons that can complicate pricing (see below).&nbsp;<\/p>\n\n\n\n<table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Account Size<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Sign-up Fee<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">$25,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">$250<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">$50,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">$400<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">$100,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">$700<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">$250,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">$1,800<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">$500,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">$3,500<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">$1 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">$6,500<\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>For an additional fee of 20% beyond the regular price, you can boost profit sharing to 90%, for an extra 25% you can double your leverage on most assets, and for another 10% you can eliminate mandatory stop losses. Or, if you want to bundle all three add-ons, you can add 40% to the prices.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.37.50-AM.png\" alt=\"Screenshot of SurgeTraders checkout screen. Shows Add-Ons such as &quot;No Stop Loss&quot; for 10% more, &quot;90% Profit Split&quot; for 20% more, and &quot;Double Leverage&quot; for 25% more.\" class=\"wp-image-5731\" style=\"width:743px;height:462px\"\/><figcaption class=\"wp-element-caption\">SurgeTrader&#8217;s checkout screen shows add-ons available for purchase. <\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"My_Assessment_of_SurgeTrader\"><\/span>My Assessment of SurgeTrader<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>My prop firm reviews are based on a pretty simple evaluation. I rate each prop firm according to seven critical factors and then average out the score. SurgeTrader scored well enough to make my <a href=\"https:\/\/mdfinancialskills.org\/best-prop-trading-firms\/\" data-type=\"post\" data-id=\"4616\">Best Prop Trading Firms for 2023<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Profit_splits_810\"><\/span>Profit splits: 8\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader advertises \u201cup to 90% profit splits,\u201d but the \u201cup to\u201d is doing a lot of work in that claim. The only way you can actually get 90% profit splits is if you upgrade your account when you first sign up. That upgrade will cost you, of course\u201420% beyond regular prices.<\/p>\n\n\n\n<p>Despite that, I still rate them 8\/10 because the default rate of 75% is actually pretty good when you consider their evaluation is just one stage. Proprietary trading firms that offer instant funding never pay out more than 50%, and firms with typical two-stage evaluations pay out around 80%. Looking at it that way, I think 75% seems generous. SurgeTrader is taking on more risk by allowing such a simple evaluation, so they deserve more of the rewards.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Scaling_opportunities_610\"><\/span>Scaling opportunities: 6\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader\u2019s scaling plan makes scaling pretty difficult for profitable traders. Here\u2019s how it works: Once you pass your audition, you can accept your funded account in the amount you signed up for <em>or <\/em>go through the audition again to try to get to the next level. All the same rules apply as the first time you auditioned, so if you hit your drawdown and violate the trading rules, you\u2019re not a funded trader and have to start all over again.<\/p>\n\n\n\n<p>That means that if you pay for a $25,000 audition and pass, you would have to pass the audition <em>five more times consecutively<\/em> in order to scale that up to a $1 million account. In some sense that\u2019s fair, after all you only paid for a $25K account, but other proprietary trading firms would allow you to begin trading with your $25K account, take out your percentage of profits and scale you up if you kept hitting your targets.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trade_parametersprofit_targets_710\"><\/span>Trade parameters\/profit targets: 7\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>I like SurgeTrader\u2019s trading rules for one reason: simplicity. A lot of prop firms make their rules intentionally complicated in order to trip up traders and close their accounts. Surge Trader doesn\u2019t do that at all. For all accounts, the rules are the same: Don\u2019t violate the daily loss limit or the max trailing drawdown.&nbsp;<\/p>\n\n\n\n<p>Unfortunately, the daily loss limit and max trailing drawdown leave very little margin for error. The daily loss limit is set at 4% and the max trailing drawdown is currently at 5%. That\u2019s about as stingy as it gets in the prop trading industry.<\/p>\n\n\n\n<p>SurgeTrader can justify the tight parameters because they have only one evaluation stage. Yes, you\u2019ll have to walk a more narrow tightrope with SurgeTrader, but you\u2019ll have only half the distance to cross.<\/p>\n\n\n\n<p>The 10% profit target is pretty close to industry standard. Some prop firms now require only an 8% profit but typically give you a limited time in order to hit your goal.<\/p>\n\n\n\n<p>In many places on their website, SurgeTrader talks about their \u201ctwo straightforward rules\u201d that you have to be aware of, but there\u2019s actually a third. The only other rule that constitutes a \u201chard breach,\u201d meaning you\u2019d lose your account if you break it, applies only to equity traders.&nbsp;<\/p>\n\n\n\n<p>Traders cannot have an equity position going into an earnings release. It\u2019s a pretty simple rule to keep on top of and only applies to certain traders, but I don\u2019t like the fact that it\u2019s hidden in SurgeTrader\u2019s FAQ. As always, make sure you read all the fine print when signing up with a prop firm.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Affordabilityvalue_910\"><\/span>Affordability\/value: 9\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader is definitely on the expensive side, but still represents a good value when you consider how much less time you\u2019ll spend being evaluated.&nbsp;<\/p>\n\n\n\n<p>FTMO, the standard bearer, charges less than SurgeTrader, but requires you to pass two stages before you&#8217;re eligible for a funded trading account. With SurgeTrader, you\u2019ll pay more, but depending on how you value your time, you\u2019ll probably end up ahead.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Educational_resources_1010\"><\/span>Educational resources: 10\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"651\" height=\"701\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.42.08-AM.png\" alt=\"Screenshot of SurgeTrader's Trading Resources page shows 8 different ebooks and videos currently offered. \" class=\"wp-image-5732\" style=\"width:316px;height:340px\" srcset=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.42.08-AM.png 651w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.42.08-AM-279x300.png 279w\" sizes=\"(max-width: 651px) 100vw, 651px\" \/><figcaption class=\"wp-element-caption\">Screenshot of Trading Resources page<\/figcaption><\/figure><\/div>\n\n\n<p>It is clear that SurgeTrader has dedicated significant resources to trader education, which is always a good sign of a prop trading company that is actually rooting for its traders\u2019 success.<\/p>\n\n\n\n<p>With downloadable e-books, such as \u201c25 Rules for Becoming a Disciplined Trader\u201d and \u201cThe 10 Commandments of Risk Management\u201d you can get a great education just off their website. They also offer cheat sheets for different charting techniques, checklists to keep you organized, and monthly market outlooks. Even if you don\u2019t ultimately sign up with SurgeTrader, going through their trading resources page will be well worth your time.<\/p>\n\n\n\n<p>Beyond all that, SurgeTrader has also developed educational partnerships that focus on the forex market. Traders who sign up with SurgeTrader right now receive a 30-day free membership to BKForex, which offers live trading guidance, trade ideas, webinars, coaching, and much more.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tradable_assets_1010\"><\/span>Tradable assets: 10\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader gives its traders access to more trading instruments than any other prop firm I\u2019ve reviewed. What exactly you can trade varies on whether you use the MT4 or MT5 platform, but either way, you\u2019ll have plenty of options.<\/p>\n\n\n\n<p>I used MT5 and was overwhelmed with the choices. I could trade more than 600 stocks, oil, metals, 46 currency pairs, 17 indices (CFDs), and an insanely long list of cryptocurrencies. For crypto traders or traders who like to trade a little bit of everything, in my experience SurgeTrader has the most markets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trustworthiness_810\"><\/span>Trustworthiness: 8\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader is still a pretty new proprietary trading firm, which normally gives me pause. Plenty of new prop firms stumble or fail in their first few years. I have a lot more confidence in SurgeTrader because of Jana Seaman, who founded Surge Capital Ventures LLC.&nbsp;<\/p>\n\n\n\n<p>Seaman is a well-known leader in the Naples business community, an active philanthropist, and the very public face of SurgeTrader. I don\u2019t believe she would risk her <a href=\"https:\/\/www.gulfshorebusiness.com\/2022-gulfshore-business-40-under-40\/\" target=\"_blank\" rel=\"noopener\">stellar reputation<\/a> on a prop firm unless she knew she had the capital and staff in place to make it a success.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"My_overall_rating_8310\"><\/span>My overall rating: 8.3\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"259\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/8.3-stars-1024x259.png\" alt=\"\" class=\"wp-image-5734\" style=\"width:671px;height:169px\" srcset=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/8.3-stars-1024x259.png 1024w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/8.3-stars-300x76.png 300w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/8.3-stars-768x195.png 768w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/8.3-stars.png 1484w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>I wish SurgeTrader would loosen their trading parameters a bit, but if you want a trustworthy prop firm, quick capital, the most tradable assets in the business, and great educational resources, <a href=\"https:\/\/mdfinancialskills.org\/go\/pt\/st\/review\">start your prop trading career with SurgeTrader.<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Others_Are_Saying\"><\/span>What Others Are Saying<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TrustPilot\"><\/span>TrustPilot<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader has an \u201cexcellent\u201d rating at TrustPilot. Of the 200+ reviews, nearly 80% have awarded SurgeTrader a full five stars. Most of these very satisfied traders were thrilled at the speed with which they were funded. Other five-star reviews listed great customer service and an easy payout process.&nbsp;<\/p>\n\n\n\n<p>On the negative side, some traders expressed frustration with Eightcap, through which SurgeTrader runs its MT4 and MT5 trading platforms. Others complained about the tight trading parameters. Overall, however, traders reported very good experiences with SurgeTrader.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Google_Business\"><\/span>Google Business<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"405\" height=\"510\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.49.12-AM.png\" alt=\"Screenshot of SurgeTrader's Google Business listing,  showing a nice Naples, Florida office with a Lexus out in front. \" class=\"wp-image-5733\" style=\"width:170px;height:214px\" srcset=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.49.12-AM.png 405w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-23-at-10.49.12-AM-238x300.png 238w\" sizes=\"(max-width: 405px) 100vw, 405px\" \/><\/figure><\/div>\n\n\n<p>I went through more than 100 SurgeTrader reviews on Google Business and could find only two that were negative. Overall SurgeTrader has a 4.9, which is as high as I\u2019ve seen for a prop firm. Somehow they even have better reviews than their neighbor, Sails Restaurant (4.7), which serves some of the best seafood in all of Florida in my humble opinion.&nbsp;<\/p>\n\n\n\n<p>As far as SurgeTrader goes, traders cite the simple trading rules and great customer service as the chief reasons for their overwhelmingly positive reviews. More than one trader called SurgeTrader the best prop firm they ever traded with.&nbsp;<\/p>\n\n\n\n<p>It&#8217;s clear that SurgeTrader has a lot of support in the prop trading community and beyond.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SurgeTrader_Frequently_Asked_Questions\"><\/span>SurgeTrader Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_SurgeTrader_Legit\"><\/span>Is SurgeTrader Legit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yes, SurgeTrader is a legit prop trading firm with substantial proof of profit payouts and a good overall reputation in the prop trading community. They\u2019ve only been in business for two years, but they use an ASIC regulated broker and give real capital to traders who pass their trading audition.<\/p>\n\n\n\n<p>People often question the legitimacy of prop trading companies because they sound too good to be true. Yes, there are companies out there that will give you their money to trade and then let you keep most of the profits. The catch? There\u2019s three: you have to trade by their rules, you have to complete a trader evaluation first, and you have to pay a fee to take that evaluation.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Does_SurgeTrader_offer_discounts_or_promo_codes\"><\/span>Does SurgeTrader offer discounts or promo codes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yes, click here to access SurgeTrader&#8217;s <a href=\"https:\/\/mdfinancialskills.org\/go\/pt\/st\/review\">10% off coupon with the code EM10OFFSTX<\/a>. <\/p>\n\n\n\n<p>To check how this compares to other firms promos, <a href=\"https:\/\/mdfinancialskills.org\/prop-trading-firm-discounts\/\" data-type=\"post\" data-id=\"5566\">visit my prop trader promo page<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_trading_platforms_can_you_use_with_SurgeTrader\"><\/span>What trading platforms can you use with SurgeTrader?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader offers MT4 and MT5 through Eightcap.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Can_anyone_join_SurgeTrader\"><\/span>Can anyone join SurgeTrader?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader is open to anyone over the age 18, regardless of nationality.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Can_Americans_join_SurgeTrader\"><\/span>Can Americans join SurgeTrader?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yes, SurgeTrader is based in Florida and is open to Americans.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_do_you_pass_the_SurgeTrader_Audition\"><\/span>How do you pass the SurgeTrader Audition?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The SurgeTrader audition is a one-step evaluation designed to test your trading strategy and skills. You simply have to hit a 10% profit target without any time constraints or minimum trading days. You can pass the audition in one day or 100.&nbsp;<\/p>\n\n\n\n<p>Of course, there are rules you have to abide by, or you will fail the audition. In general, SurgeTrader rules are much simpler than those of most other prop firms. The SurgeTrader rules are categorized as \u201chard\u201d or \u201csoft\u201d rules.<\/p>\n\n\n\n<p>Violate any of the three hard rules and you fail the audition. Here are the rules:&nbsp;<\/p>\n\n\n\n<ol>\n<li>Stay above the 4% daily loss limit. If your account dips 4% below your balance at the beginning of the trading day, your account is violated.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"2\">\n<li>Stay above the 5% overall max trailing drawdown. A 5% \u201ctrailing drawdown\u201d means you can\u2019t fall 5% below the highwater mark of your account. For example, if you have a $100,000 account, and trade it up to $104,000 (a 4% profit), your trailing drawdown is set at 5% of $104,000, which is $5,200.&nbsp;That sets your minimum account balance at $98,800. Fall below that mark, even though it\u2019s less than a 2% loss on your opening balance, and you\u2019ve failed the audition. The trailing drawdown is removed for traders that have a 5% profit or more. In those cases, your minimum account balance is simply your opening balance.<\/li>\n<\/ol>\n\n\n\n<ol start=\"3\">\n<li>Equity traders don\u2019t trade around earnings releases. Anyone trading single-share equity CFDs must close their positions by 3:50 p.m. EST before aftermarket earnings releases, or the day before premarket earnings releases.<\/li>\n<\/ol>\n\n\n\n<p>There are also three soft trading rules that you have to be aware of, even if breaching them won\u2019t fail your audition. Stop losses are required for every trade (unless you pay extra to trade without them), you have to be flat over weekends, and your number of open lots can\u2019t exceed 1\/1000th the size of your account.&nbsp;<\/p>\n\n\n\n<p>Violate any of these rules and the offending trade will be canceled. If you really can\u2019t be bothered with stop losses, you can rid yourself of the requirement by paying an additional fee (10%) when you pay for the audition.<\/p>\n\n\n\n<p>If you follow those rules and hit your 10% profit target, you\u2019ll become a funded trader. SurgeTrader is known for their speed, and some traders have received their funded accounts within a few hours of passing the audition.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_can_I_trade_with_SurgeTrader\"><\/span>What can I trade with SurgeTrader?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader offers access to a staggering variety of assets, although exactly what assets you can trade depends on whether you sign up with MT4 or MT5. To give you an idea of how many assets you can trade, I counted what is offered with MT5\u2014646 stocks, oil, gold, silver, platinum, 17 indices, 46 currency pairs, and 377 crypto options.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_types_of_accounts_does_SurgeTrader_offer\"><\/span>What types of accounts does SurgeTrader offer?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader offers six different accounts, these accounts vary only in size and price\u2014all trading rules, available assets, profit splits, etc., are the same. Accounts start at $25,000 and go all the way up to $1 million.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_SurgeTrader_regulated\"><\/span>Is SurgeTrader regulated?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Like most prop trading firms, SurgeTrader is not regulated because they aren\u2019t broker\/dealers and distribute only their own capital to traders.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Does_SurgeTrader_offer_second_chances\"><\/span>Does SurgeTrader offer second chances?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you violate one of the three rules that results in a hard breach of your account, you do not get a do-over, although SurgeTrader does offer a 20% discount for retries.&nbsp;<\/p>\n\n\n\n<p>Soft breaches, such as forgetting to use a stop loss, results in your trade being closed, but your account is still open.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_do_I_get_in_contact_with_SurgeTrader\"><\/span>How do I get in contact with SurgeTrader?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>SurgeTrader can be reached via their <a href=\"https:\/\/discord.com\/invite\/sbd6KFXhCt\" target=\"_blank\" rel=\"noopener\">Discord <\/a>channel, email: <a href=\"mailto:info@surgetrader.com\">info@surgetrader.com<\/a>, <a href=\"https:\/\/mdfinancialskills.org\/go\/pt\/st\/review\">website chat<\/a> , or by calling 1-866-998-0883 or 239-944-5317.<\/p>\n\n\n\n<p>You can also reach them by mail:<\/p>\n\n\n\n<p>405 5th Ave South<\/p>\n\n\n\n<p>Naples, FL&nbsp;<\/p>\n\n\n\n<p>34102&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"My_SurgeTrader_Review_Summarized_in_Exactly_Fifty_Words\"><\/span>My SurgeTrader Review Summarized in Exactly Fifty Words<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>SurgeTrader has a really great reputation due to amazing trader support and educational resources, incredibly fast funding thanks to their one-step evaluation, and their wealth of tradable assets. If you can abide by tight trading parameters, <a href=\"https:\/\/mdfinancialskills.org\/go\/pt\/st\/review\">start your trading career with SurgeTrader<\/a> and you could be funded within the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SurgeTrader has quickly become a prop trading favorite amongst those in the know. I analize how it stacks up to other prop firms, go over the trading rules and provide any available promo codes or discounts. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable":"<p>SurgeTrader has quickly become a prop trading favorite amongst those in the know. I analize how it stacks up to other prop firms, go over the trading rules and provide any available promo codes or discounts. <\/p>\n","category_list":"<a href=\"https:\/\/mdfinancialskills.org\/category\/trading\/prop-trading\/\" rel=\"category tag\">Prop Trading<\/a>","author_info":{"name":"Michael Diamond","url":"https:\/\/mdfinancialskills.org\/author\/michael\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable_v2":"<p>SurgeTrader has quickly become a prop trading favorite amongst those in the know. I analize how it stacks up to other prop firms, go over the trading rules and provide any available promo codes or discounts. <\/p>\n","category_list_v2":"<a href=\"https:\/\/mdfinancialskills.org\/category\/trading\/prop-trading\/\" rel=\"category tag\">Prop Trading<\/a>","author_info_v2":{"name":"Michael Diamond","url":"https:\/\/mdfinancialskills.org\/author\/michael\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/posts\/5724"}],"collection":[{"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/comments?post=5724"}],"version-history":[{"count":5,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/posts\/5724\/revisions"}],"predecessor-version":[{"id":6881,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/posts\/5724\/revisions\/6881"}],"wp:attachment":[{"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/media?parent=5724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/categories?post=5724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/tags?post=5724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}