So you’ve been looking into proprietary trading but aren’t sure where to start. Or, you’re already an experienced trader looking to see if another platform would greater benefit you.
This is understandable given the popularity of prop trading firms and the growing number of influencers who have made a fortune from this business. We all want that life.
But where do we start? In this SurgeTrader review, we will discuss why we believe this platform may be your starting place.
A SurgeTrader Summary
It would be difficult to argue that SurgeTrader hasn’t become one of the best prop trading firms in a very short amount of time. Founded in 2021, it is already mentioned in the same breath as the already well-established giants of prop trading–such as TopStep Trader and Earn2Trade.
In short, SurgeTrader is making waves in the financial industry. This is largely due to its range of features that allow traders to gain access to real-time trading data and to trade across various markets such as stocks, forex and cryptocurrencies.
How SurgeTrader Works
While other platforms have an evaluation process that is more of a hassle than worth your time, SurgeTrader’s process is an easy two-step process: choose your account size and then achieve a 10% profit target without breaking two rules.
SurgeTrader offers six different packages you can choose from to get started:
- Starter – $25K worth of funding with an audition fee of $250
- Intermediate – $50K of funding and an audition fee of $400
- Seasoned – $100K in funding and $700 per audition
- Advanced – The most popular, this package comes with $250K of funding with an audition fee of $1,800
- Expert – $500K in funding plus a $3,500 audition fee
- Master – $1M in funding and the audition fee of $6,500
These packages come with a profit share of up to 90%, a profit target of 10%, no minimum trading days, a daily loss limit of 5%, a max trailing drawdown of 6% and leverage up to 20:1.
Features
Since SurgeTrader is already a leading prop trading platform, it should come as no surprise that this firm has numerous features to offer.
Charting Tools
SurgeTrader’s platform offers advanced charting tools that make it easy to analyze market trends and identify trading opportunities.
The platform allows traders to customize their charts by selecting different indicators and timeframes. This feature enables traders to analyze the market in a way that suits their trading style.
Risk Management
Additionally, SurgeTrader has implemented a range of risk-management tools.
For example, SurgeTrader offers stop-loss orders, which enable traders to limit their losses if a trade goes against them. This feature is particularly useful for traders who want to manage their risk exposure.
Live News Feed
Traders can access real-time news and analysis from a range of sources, including Reuters and Bloomberg.
This feature is essential for traders who want to stay up-to-date with market events and news that may impact their trades.
Variety of Trading Tools
SurgeTrader offers a comprehensive range of trading tools. These tools include indicators, scripts and automated trading strategies.
The platform has an extensive library of these tools, which traders can use to enhance their trading performance.
In case you can’t tell, SurgeTrader is a reliable and user-friendly platform that offers a range of trading features.
The platform is suitable for traders of all levels of experience. And its advanced charting tools, risk management features and news feed make it an excellent choice for traders who want to stay ahead of the game.
SurgeTrader’s Customer Support
SurgeTrader offers customer support 24 hours a day, five days a week. Traders can access support via email, live chat or by submitting a ticket on the platform’s website.
The support team is responsive and knowledgeable, and they are available to assist traders with any questions or issues they may have while using the platform.
Additionally, SurgeTrader has an extensive knowledge base that provides traders with detailed information about the platform’s features. The knowledge base includes articles, FAQs and video tutorials.
Overall, SurgeTrader’s customer support is comprehensive and reliable. The combination of responsive support staff and an extensive knowledge base ensures that traders can access the assistance they need if they run into any issues while using the platform.
The Only Downside
This wouldn’t be a fair review if we only had good things to say about SurgeTrader. For the sake of transparency, it should be noted that SurgeTrader doesn’t have a wide variety of tradable assets.
As of writing, SurgeTrader only offers trading in ETFs and US stocks.
But you must take into account that this is perhaps the newest prop trading firm on the market. Adding additional asset classes is more than likely — it’d be surprising if they didn’t.
SurgeTrader Review: Final Thoughts
SurgeTrader offers many packages and features that are worth writing home about. The success of the platform speaks for itself.
Whoever said “You miss 100% of the shots you don’t take,” whether it was Wayne Gretzky or Michael Scott, was right. Click here to take a shot on SurgeTrader today.
