Review
Surge Trader

The SurgeTrader assessment initiative is structured to identify and foster proficient traders, empowering them to amplify their trading returns. Those participants showcasing consistency in the assessment phase stand to receive rewards. The assessment program provides a leveraged trading account, enabling a leverage ratio of up to 1:20.

Throughout the assessment phase, traders must attain a 10% profit target while adhering to a maximum daily loss limit of 5% and a maximum trailing drawdown limit of 6%. The number of trading days within the evaluation period is flexible, with the sole condition for obtaining a funded account being the achievement of the profit target.

Upon the successful completion of the assessment phase, traders receive a funded account without profit targets. However, they are required to continue adhering to the maximum daily loss limit of 5% and maximum trailing drawdown limit of 6%. Profitable traders may request an initial profit split of 75% or 90% on the first day, provided they are in a profitable position. Subsequent profit payouts can be requested every 30 calendar days.

The assessment program accounts also offer a scaling plan, where traders are expected to achieve a 10% profit target based on their initial account balance. It is important to note that scaling is capped at a maximum of $1,000,000, and traders opting for account scaling will not be eligible for a profit split.

Rules for assessment program accounts:

1. Profit Target: Traders must achieve a 10% profit to successfully complete the assessment phase, withdraw profits, or scale their accounts. Funded accounts do not have profit targets.

2. Maximum Daily Loss: The maximum amount of loss allowed in a single day is set at 5% regardless of account size.

3. Maximum Trailing Drawdown: The largest decline in account balance from peak to subsequent lowest point is capped at 6% for all account sizes.

4. Lot Size Limits: Predetermined lot sizes are set based on the initial account balance, limiting the number of lots traders can open across all pairs at any given time.

5. Third-Party Risks: Using third-party copy trading services or expert advisors may result in denial of a funded account or withdrawal if maximum capital allocation is exceeded.

Enhancements available for assessment program accounts:

1. No Mandatory Stop-Loss: A 10% price increment allows for a 10% increase in the purchase price of the evaluation account.

2. Double Leverage: A 25% price increment enables a doubling of leverage for forex pairs and metals within the evaluation account.

3. 90% Profit Sharing: A 10% price increment entitles traders to a 90% share in the profits generated from their evaluation account.

Please note that traders have the flexibility to choose one or multiple add-on options based on individual preferences.