Overview of Surge Trader Forex Prop Firm
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TheTrustedProp
Date: April 29, 2024
In the world of finance, trading has always been an enticing opportunity for individuals looking to grow their wealth. One company that has gained significant attention in recent years is Surge Trader. In this article, we will provide you with an in-depth overview of Surge Trader, covering company details, challenge specifics, and what sets them apart in the trading industry.
Company Details
Name: Surge Trader
Legal Name: Surge Capital Ventures, LLC
CEO: Jana Seaman
Started in: 2021
Registered Address: 4851 Tamiami Trail N, Suite 200, Naples, Florida 34103
Surge Trader is a relatively young player in the trading world, but it has quickly made a name for itself. Let's delve deeper into the challenges it offers to traders.
Challenge Details
1-Phase Challenge
- Your Profit Share: up to 90%
- Profit Target: 10%
- Daily Loss Limit: 5%
- Leverage Up To: 20:1
- Max Trailing Drawdown: 8%
- Hold & Trade Through The Weekend: Yes
- No Time Limits: Yes
Surge Trader provides traders with an opportunity to earn a substantial profit share of up to 90% while maintaining a manageable daily loss limit and leverage ratio. It's worth noting that the standard profit share of 75% can be increased to 90% with an add-on purchase, and leverage can also be increased with an add-on, applicable only to FX & metals. Traders can choose from various account sizes ranging from $25,000 to $1,000,000.
2-Phase Challenge
- Your Profit Share: up to 90%
- Profit Target Phase 1: 8% - Phase 2: 5%
- Daily Loss Limit: 5%
- Leverage: 50:1
- Max Fixed Drawdown: 8%
- Hold & Trade Through The Weekend: Yes
- No Time Limits: Yes
The 2-Phase Challenge offers similar profit-sharing opportunities with slightly different profit targets and leverage ratios. Leverage varies depending on the asset type, such as FX & Metals, Oils and Indices, Individual Stocks, and Cryptocurrencies. Account sizes for this challenge range from $25,000 to $500,000.
Other Details
TRADERS WANTED
Surge Trader is actively seeking traders to join their program and capitalize on their trading skills. The firm offers accelerated trader funding, allowing traders to scale up from $25,000 to $1,000,000. What sets Surge Trader apart is its lack of minimum trading days and a 30-day assessment period. Traders can receive their first profit payment quickly, even on breached accounts, with a profit share of up to 90%.
WHY WE'RE DIFFERENT
Surge Trader prides itself on its simple and straightforward trading rules. There are no time limits, and traders have the flexibility to choose between 1 or 2 Phase Auditions. The one-time investment in an audition fee makes it accessible to aspiring traders. Surge Trader also ensures easy payout processes, with no minimum requirements.
TECHNOLOGY
Surge Trader offers an easy-to-use proprietary trader portal that allows traders to track all their trading activities conveniently. The platform is designed with the trader's needs in mind, providing a user-friendly dashboard.
WHO IS SURGETRADER?
Surge Trader is a global prop trading firm based in the United States, supported by significant venture capital from partner Valo Holdings. This financial backing ensures the company's stability and long-term success. Surge Trader offers both 1 and 2 Phase Auditions, simple trading rules, and exceptional customer support.
OUR STORY
The Surge Trader story began with a conversation in a sushi restaurant, where the founders realized the challenges faced by speculative traders. The need for overleveraging trading accounts to generate meaningful returns was a common hurdle. Surge Trader's solution is simple: provide talented traders with enough capital to avoid overtrading, backed by venture capital and experienced market professionals.
OUR PHILANTHROPY
Surge Trader is not just about profits; it's also about making a difference through philanthropy. The company invests in social impact programs to give back to communities and organizations worldwide. They believe that thriving communities can change the world.
In conclusion, Surge Trader offers a unique opportunity for traders to grow their wealth with flexible challenges and simple trading rules. With a commitment to transparency, customer support, and philanthropy, Surge Trader stands out in the trading industry. So, if you're looking to make the most of your trading skills, Surge Trader might be the right choice for you.
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