Surge Trader is a proprietary firm that offers capital to manage after passing the test. It is a multinational company whose headquarter is situated in Florida (USA). Venture fund Vola Holdings finances the firm.
- A reliable affiliate broker such as Eighcap which is licensed by ASIC (391441), the Australian regulator is where trading is carried out through.
- Any strategy can be applied as long as you adhere to the trading rules of the company. Allowed strategies include algorithm trading, hedging, scalping and martingale.
- Trader takes 75% of the money earned.
- More than 100 instruments as well as crypto currencies can be traded.
- Maximum losses and drawdown are covered by Surge Trader if they are met.
- The company allows violations of trading rules if they are done at random and not systematic.
- High purchase/ deposit from $250 to $6,500. In cases of violation of trade requirements, discount of about 20% is available.
- Daily drawdown is not greater than 5% and maximum loss is up to 4%.
- A trader cant withdraw all 75% of profits made.
SurgeTrader Review
Surge Trader is a proprietary firm that offers capital to manage after passing the test. It is a multinational company whose headquarter is situated in Florida (USA). Venture fund Vola Holdings finances the firm.
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Geographic Distribution of Surge Trader Traders
|
UNITED STATES |
43.1% |
|
CANADA |
9.02% |
|
FRANCE |
2.76% |
|
INDIA |
0.7% |
|
PHILIPPINES |
0.52% |
|
OTHERS |
25.9% |
Investment Programs and Products of the Firm
Surge Trader is an investment company that invests in professional traders. Surge Trader works with a venture investment fund that is ready to employ traders who have proved their professionalism on a test account.
SurgeTrader Trading Model
- The trader pays for the testing phase. The amount depends on the chosen tariff plan(account size), requirements and profit also differ based on tariff.
- After payment, the trader gets access to the account on the Eightcap broker platform, with an aim to make money following the trading rules.
- After passing the test mode, the trader is given access to a funded account. With same requirements are rules as when he or she was in the testing mode.
- Profit of 75% is earned by the trader, in any case of violations, the account is disqualified. After which a discount of 20% is given for a re-take.
- There is a demo account for practice on the platform before you pay for the test which is optional.
SurgeTraderās Affiliate Program
- The referrer gets 20% of the amount of the exam payment for each referral involved.
- To obtain the status of an affiliate, an application by email would be sent to the company for approval. The account tools would allow you to track affiliate statistics and the effectiveness of a marketing campaign. Profits are made are paid at the beginning of each month.
Trading Conditions for Surge Trader Users
|
Trading platform |
Eightcap (Mt4 and mt5) |
|
Accounts |
Funded account |
|
Deposit/withdrawal |
Bank card, PayPal |
|
Minimum deposit |
USD 250 |
|
Leverage |
1:1 with an upgrade to 1:10 on forex and metals |
|
Min Order |
0.01 |
|
Spread |
|
|
Mobile trading |
Yes |
|
Affiliate program |
Yes |
|
Trading features |
Trading through EightCap broker, but subject to Surge Trader terms and conditions |
|
Contests and bonuses |
Yes |
Surge Trader Commissions & Fees
|
Account type |
Spread (minimum value) |
Withdrawal commission |
|
EightCap ŠŠ¢4 |
From $10 |
No |
|
EightCap ŠŠ¢5 |
From $1 |
No |
Note: Swap commission (for holding a position to the next day) is deducted on the MT5 account, with a spread of 0 pips, there is a fixed commission of USD 3.5 for each full lot.
How to Register On the Firm
To start register, you must apply by email and pay for the selected tariff package. After payment, access to the test account and the conditions will be sent to your email. The conditions are to receive 75% profit and comply with the trading conditions of the prop company. After passing the exam, access to a real account with conditions similar to a test account is sent to the email.
|
Package Type |
Description |
|
Starter |
$250 for a$ 25,000 |
|
Intermediate |
$400 for a $50,000 |
|
Seasoned |
$700 for a $100,00 |
|
Advanced |
$1,800 for a $ 250,00 |
|
Expert |
$3,500 for a $500,00 |
|
Master |
$6,500 for a $1,000,000 |
For each package, there are restrictions based on trade volume. The more the funds are, the more the allowable trade volume is.
Withdrawal Options and Fees
- Withdrawal of money is once a month but requests are accepted at any time.
- Available systems for deposit and withdrawal of money include banking systems and PayPal.
- When withdrawing money, a recalculation is made taking into account the maximum and minimum sliding draw downs. A trader cannot withdraw all 75% of the profit in full. You can learn more about this in the companyās FAQs section.
- There are no commissions for withdrawing money.
Customer Support Service
Advantages:
- Assistance can be gotten from both the prop firm and the broker that owns the platforms.
Disadvantages:
- None
The company can be reached through any of the following:
- Feedback form.
- Social media.
- Chat on the companyās website.
- Free telephone connection.Ā
SurgeTrader Details
