Surge Trader self-employed examination rules!

What is Surge Trader?

Surge Trader is a company established in 2021 with Surge Capital Ventures, LLC The name of an overseas proprietary trading firm established and operated by an overseas proprietary trading firm or known asForeign exchange dealers(Forex Prop Firm), headquartered in Florida, USA.

This kind of "foreign exchange self-employed merchants" is one of the major categories of self-employed merchants. They mainly provide foreign exchange currency pairs as the main trading commodities, and similar funding models are also available.FTMOMy Forex FundsFundedNext, While other categories also have self-employed merchants who focus on commodities, such as: Topstep Futures commodities are mainly used, but both belong to the way Funding Programs provide funds.

The funding Programs of Surge Trader Company are to find amateur traders in the world who will make money and provide them with funds. Traders can get a share of the profit by using the company's money to make money.

Surge Trader provides a one-stage exam-based funding model.

In addition, Surge Trader does not hold customer funds to trade, unlike a broker that needs to continuously develop customers, so it does not accept any deposits. This is the biggest difference from a broker. In other words, Surge Trader is looking for traders, not investors.

Prop Firm Overview

Introduction to Surge Trader

說明

Surge Trader official Website

Surge Trader Frequently Asked Questions

Surge Trader mailbox

info@surgetrader.com

Surge Trader Exam Rules

【Comparison】 Surge Trader vs. FTMO

【Comparison】 Surge Trader vs. My Forex Funds

【Comparison】 Surge Trader vs. FundedNext

【Comparison】 Surge Trader vs. E8 Funding

【Comparison】 Surge Trader vs. Leveled Up Society

【Comparison】 Surge Trader vs. The5%ers

【Comparison】 Surge Trader vs. True Forex Funds

【Comparison】 Prop Firm Comparison

Surge Trader Promotions

前往了解【進行中】

What are the account types of Surge Trader?

Surge Trader has only one account mode: Audition.

Surge Trader-Audition

Audition is a more common examination model, and what is more special is that it is a one-stage examination model.

Rules and Entry feesProfit-sharing methodOther precautions

Audition Official Rules description

帳戶類型1

帳戶類型2

帳戶類型3

帳戶類型4

帳戶類型5

帳戶類型6

帳戶金額

25,000 美元

50,000 美元

100,000 美元

250,000 美元

500,000 美元

1,000,000 美元

最大日損失4%

1,000 美元

2,000 美元

4,000 美元

10,000 美元

20,000 美元

40,000 美元

最大總損失5%

1,250 美元

2,500 美元

5,000 美元

12,500 美元

25,000 美元

50,000 美元

挑戰期間

-

-

-

-

-

-

最少交易天數

-

-

-

-

-

-

目標獲利10%

2,500 美元

5,000 美元

10,000 美元

25,000 美元

50,000 美元

100,000 美元

槓桿比例

1:10

1:10

1:10

1:10

1:10

1:10

報名費(一次性)

250美元

400美元

700美元

1,800美元

3,500美元

6,500美元

報名資訊

In addition, in terms of account conditions, additional additional purchases are provided, including three types of items:

  • No need to set a stop loss
  • Increase in profit sharing ratio
  • Increased leverage

You can choose the additional purchase items separately, or you can choose three combinations at a time, but because the additional purchase will increase the registration fee, you can choose according to your own needs.

加購項目(可單獨選擇)

加購價錢

1.不須設置止損

+10%

2.分潤比例提高為90%

+20%

3.槓桿雙倍升至1:20

+25%

三項組合包

+40%

  • Ways to expand account size

If you pass the exam stage of the account, there are two ways to choose from:

(1) An account with real funds

(2) Select the next account type (scale), which is to expand the scale of the account. If you choose this item, you need to evaluate it again.

帳戶規模(原始)

獲利10%

帳戶規模(擴展後)

25,000 USD

+2,500

50,000 USD

50,000 USD

+5,000

100,000 USD

100,000 USD

+10,000

250,000 USD

250,000 USD

+25,000

500,000 USD

If you pass a 25K account, the next extension condition is 50K; if you pass a 50K account, the next extension condition is 100K, and so on.

In addition, the extended account is only applicable to the first four account sizes, and there is no extended account condition for account sizes of 500K and 1M.

After passing the first-stage examination and obtaining the real position, the normal profit distribution is 75%, but you can also increase the "additional purchase (the original registration fee is increased by 20%)" to 90% of the profit distribution when you first purchase the account.

  • If you do not make any transactions within 30 days after registration, your account will be suspended and you need to send a letter to customer service to reactivate your account.
  • Each transaction requires a stop loss to be set to be traded. If a stop loss is not set to be traded, the transaction will be automatically closed and the trading account can still continue trading. Before trading, a stop loss trading order must be set before it is valid.
    • If you place an order without setting a stop loss, you will immediately receive a notification letter automatically detected by the system (picture below), and "Rule Breach" means a violation, but failure to set a stop loss is considered a "soft violation", so the account can still continue trading.
No stop loss order notification letter is set
  • Allow news trading and overnight positions
  • The maximum lot size limit (exposure area) must also be based on the margin ratio of your own account
    • 25K account: up to 2.5 lots
    • 50K account: up to 5 lots
    • 100K account: up to 10 lots
    • 250K account: up to 25 lots
    • 500K account: up to 50 lots
    • 1M account: up to 100 lots
  • Allow the use of EA
  • Allow copying of your own transactions
  • An account can have up to 1 million (1M) USD in funds
  • You cannot trade more than 2 (inclusive) real accounts at the same time (only 1 can be traded)
  • No refund of registration fee for customs clearance
  • Surge Trader has no free retake
  • Surge Trader has no rollover conditions
  • Surge Trader does not provide a refresh account
  • Surge Trader provides a 20% discount on resetting your account (if your account is violated, a letter will be sent directly with a discount link, and the reset discount is valid for 90 days)
  • Surge Trader provides trading platform MT4/MT5

Surge Trader Registration Discount

Enter the Discount code on the registration page【pfx168】 You can enjoy a -10% discount on the registration fee

Surge Trader-DD(Daily Drawdown)

Comparison table of each Prop Firm DDActual case descriptionOfficial description

DD type

Balance-based

Equity-based

說明

Calculate DD based on account balance

Calculated based on net account value DD

Prop Firm

Calculate DD reset time

  • FTMO: 12AM CE(S)T/ 7AM GMT+8

  • FundedNext: 3AM GMT+2/ 9AM GMT+8

  • E8 Funding: 12AM GMT+2/ 6AM GMT+8

  • Leveled Up Society: 5PM EST/ 6AM GMT+8

  • True Forex Funds: 12 AM CE(S)T/ 7AM GMT+8

  • Surge Trader: 5 PM EST/ 6 AM GMT+8

  • My Forex Funds: 5PM EST/ 6AM GMT+8

Surge Trader calculates the maximum daily loss based on the initial daily balance, and it fluctuates by 4%.

For example:

If the initial balance on the day is 100,000 USD, the maximum loss on the day is 4% (4000 USD).

Suppose you make a profit of 2% (2,000 USD) before the DD reset time on a certain day, and the balance becomes 102,000 USD. The next day, 4% of DD will be calculated from the balance of 102,000 USD, and the maximum loss will be the same as 4% (4,080 USD).

In other words, the more you make a profit, the more you can lose.

In the case, the profit on the previous day was 415 USD, and the balance on the next day will be calculated from 100,415 USD by 4%. The maximum daily loss is 4,016.6 USD, so the net value of the day cannot be lower than 96,398.4 USD (100,415-4,016.6 USD).

Can also refer toOfficial description, or the video below.

Other rules of Surge Trader are sorted out

Other rules of Surge Trader are sorted out

Surge Trader Audition

資金提供模式

一階段考試型

考核帳戶分潤

-

真倉分潤

75% (可加購提高分潤條件至90%)

新聞交易

可以

過夜留倉

可以

週末留倉

No (EST Friday 15:55 / GMT+8 Saturday 04:55)

免費重考

-

展期規則

-

重置帳戶

原報名費8折

刷新帳戶

-

報名費通關退款

不退款

資金擴展計畫

達到獲利目標可自行選擇下一個帳戶類型

槓桿比例

1:10 (可加購雙倍槓桿條件)

前往選擇資金規模

Surge Trader practice Account

Surge Trader's practice account needs to be applied through the official website, and each person only has one practice opportunity.

And when the profit target is reached, a letter will be sent inviting you to participate in their assessment and a discount will be provided.

How to applyLog in to teach

Because there is no Taiwan in the country part (I have already reacted with the official), the official suggestion is that you can choose the United States ”United States of America” first, which does not affect the application.

However, the account funds are only 100,000 USD for practice, and other funds cannot be selected, and there is no leverage to choose from, so if you want to use additional conditions, you cannot simulate it in the practice account. Only the trading platform can be selected, and MT4 and MT5 provide a lot of commodities.Different, you can refer to the table I organized (Go to view Surge Trader's trading product name).

If you fill in the other fields in English, you can submit them. You should receive a letter within 1 to 2 days, which will contain all the information for logging in to the practice account.

Surge Trader Product Name Inquiry Form google Sheet

You can open the form and press “Ctrl+F” to enter the product name you want to search for.

Then after receiving the official letter, go down to the login information.

The next two parts are about account login information:

1. Log in to the MT5 server

What you want to log in here is the MT5 trading platform, which contains a string of numeric user names, random passwords, and the server is Eightcap-Demo.

2. Log in to the Surge Trader background interface

Then jump to the information that needs to be logged in to another account. What is logged in here is the background interface, which is to observe the performance curve, profit target, daily loss and other transaction-related data.

After logging in to the mailbox originally set up as the account number and the password given by the official, you can log in to the background.

If you pass successfully, the official will send a letter inviting you to participate in the formal Audition model assessment and give a discount.

Comparison of Surge Trader with other self-employed merchants

Comparison between Surge Trader and FTMO


資金提供模式

一階段考試型

兩階段考試型

階段一獲利目標

10%

10%

階段二獲利目標

-

5%

挑戰期間

-

-

最大日損失

4%

5%

最大總損失

5%

10%

最少交易天數

-

4天/4天

分潤

75% (可加價升至90%)

80% (擴展90%)

Extended reading: Complete Surge Trader vs. FTMO comparison

Comparison between Surge Trader and My Forex Funds

資金提供模式

一階段考試型

兩階段考試型

階段一獲利目標

10%

8%

階段二獲利目標

-

5%

挑戰期間

-

-

最大日損失

4%

5%

最大總損失

5%

12%

最少交易天數

-

5天/5天

分潤

75% (可加價升至90%)

75%-85% (VIP 90%)

Extended reading: Complete comparison between Surge Trader and My Forex Funds

My Forex Funds registration discount

Enter [proforex168] in the Coupon code on the registration page to enjoy a -5% discount on the registration fee (Only applicable to Evaluation mode); Or use 【EXCDQD78】 Enjoy -5% discount on registration fee (Only applicable to Rapid and Evaluation modes)

Comparison between Surge Trader and FundedNext

資金提供模式

一階段考試型

兩階段考試型

階段一獲利目標

10%

10%

階段二獲利目標

-

5%

挑戰期間

-

28天/56天

最大日損失

4%

5%

最大總損失

5%

10%

最少交易天數

-

5天/5天

分潤

75% (可加價升至90%)

80%(擴展 90%)

Extended reading: Complete comparison between Surge Trader and FundedNext

FundedNext registration discount

Enter [pfx168] in the Coupon code on the registration page to enjoy a -5% discount on the registration fee

Comparison between Surge Trader and E8 Funding

資金提供模式

一階段考試型

兩階段考試型

兩階段考試型

階段一獲利目標

10%

8%

8%

階段二獲利目標

-

5%

5%

挑戰期間

-

30天/60天

30天/60天

最大日損失

4%

5%

5%

最大總損失

5%

8%

8%

最少交易天數

-

1天/1天

1天/1天

分潤

75% (可加價升至90%)

80%

80% (擴展90%)

Extended reading: Complete comparison between Surge Trader and E8 Funding

E8 Funding registration discount

Enter [REB8] in the Discount code on the registration page to enjoy an 8% discount on the registration fee (Only applicable to E8 Account and ELEV8 Account modes)

Comparison between Surge Trader and Leveled up Society

資金提供模式

一階段考試型

兩階段考試型

階段一獲利目標

10%

8%

階段二獲利目標

-

5%

挑戰期間

-

30天/60天

最大日損失

4%

5%

最大總損失

5%

8%

最少交易天數

-

5天/5天

分潤

75% (可加價升至90%)

80%

Extended reading: Complete comparison between Surge Trader and Leveled up Society

Leveled Up Society registration Discount

Enter [B63VGQMFVJ] in the Coupon code on the registration page to enjoy a -5% discount on the registration fee

Comparison between Surge Trader and The5%ers

資金提供模式

一階段考試型

兩階段考試型

三階段考試型

階段一獲利目標

10%

8%

6%

階段二獲利目標

-

5%

6%

階段三獲利目標

-

-

6%

挑戰期間

-

30天/60天

三階段共12個月

最大日損失

4%

5%

-

最大總損失

5%

10%

5%

最少交易天數

-

3天/3天

-

分潤

75% (可加價升至90%)

80%~100%

100K: 50%-75%

250K: 50%-100%

Extended reading: Complete comparison between Surge Trader and The5%ers

The5%ersregistration discount (Discount link)

You must click on the discount link (no discount code), and a -5% discount on the registration fee will be automatically brought in on the checkout and payment page.

Comparison between Surge Trader and True Forex Funds

資金提供模式

一階段考試型

兩階段考試型

階段一獲利目標

10%

8%

階段二獲利目標

-

5%

挑戰期間

-

30天/60天

最大日損失

4%

5%

最大總損失

5%

10%

最少交易天數

-

5天/5天

分潤

75% (可加價升至90%)

80%

Extended reading: Complete comparison between Surge Trader and True Forex Funds

Surge Trader environment

Surge Trader

點差/傭金

ECN type (low spread + commission)

交易平台

MT4(下載)

MT5(下載)

可交易商品(槓桿)

外匯、貴金屬、石油、指數為 1:10

個股 1:5【官方說明

支付方式

VISA credit card, Paypal

收款方式

銀行電匯

合作經紀商

模擬練習

申請帳戶

必須報名付費才有(前往申請)

Surge Trader evaluation

advantages

  • Allow news trading and overnight positions
  • One-stage assessment method
  • No challenge period
  • No minimum number of trading days
  • Flexible choice of three additional conditions
  • The account can have up to 1 million funds

disadvantages

  • Lower leverage
  • Weekend positions are not allowed
  • There is a limit to the maximum number of lots (depending on the size of the account)
  • Each transaction needs to set a stop loss to be effective

The above information is for reference Surge Trader Official information is based on official announcement information.

Various QA's about Forex prop firm

What is Proprietary Trading? What is Proprietary Trading?

Foreign exchange dealersIt is a kind of proprietary trading model. Companies use their own funds to trade. Some companies will have special self-employed departments, or the company itself is a trading company with self-employed attributes.

Since a company wants to make money in the market, in addition to relying on the company's own shareholders or employees, it can also design a set of models and rules, find people who will make money in the market, and provide account funds to help make money. Making money can be divided into profits, while losing money is borne by the company. This model has been in use abroad for many years., But it is not so popular in China.

What is the difference between a foreign exchange dealer and a foreign exchange broker?

A foreign exchange broker is an investor who uses his own funds to deposit into an account opened by a broker, and the risks, profits and losses of the account are all borne by himself; andForeign exchange dealersIt is the investors who go to a self-employed company to participate in their assessment. After the examination, they use their account to trade. They bear the risks and losses of the account, but the profits can be divided.

差異

控制權

全權

部分

家數數量

數萬家(以有牌照監管為首選)

數十家

本金準備

自有資金

公司資金

風險損失

自行承擔

公司承擔

利潤獲得

全部利潤

部分利潤(依比例而定)

槓桿比例

依各經紀商而定,國內約30-40倍;海外100~1000倍都有

依照自營商的規定,普遍是100倍

交易商品

涵蓋幾乎所有商品,但各經紀商還是有差異

較侷限,以外匯貨幣對為大宗

投資人最大風險

  • 爆倉(損失所有本金)

  • 遇到詐騙經紀商

損失報名費

適合對象

  • 想全權管控自有資金

  • Use EA program to trade

  • 有技術但缺乏資金

  • 想在高資金下練交易心態

  • 想要穩健成長投資人

  • Some self-employed merchants support EA

Does Forex Prop Firms only offer forex as trading instruments?

Trading commodities are mainly foreign exchange currency pair commodities, but there are still commodities other than currency pairs such as indices and precious metals, such asFTMO self-employed, And the trading commodities provided by each self-employed merchant are also very different.

Are prop firms a scam?

No, but there will be many self-employed merchants who are mixed with fish and fish, so the research on self-employed merchants is very important. And brokers also have many questions about fraud. I have compiled an article before.How brokers crack scams, But after I learned about the model of self-employed merchants, I think it needs to be studied more. In addition to the brokers used by self-employed merchants, it is also necessary to understand their rules, user reviews, various aspects of experience, etc., which are quite areas that need to do homework.

Regarding whether it is fraud or not, in order to verify, I spent a lot of time sorting out and collecting information from these self-employed merchants (fortunately, they are all very public). The techniques of cracking broker fraud can also be applied to verifying self-employed merchants. In addition, many friends around me are using it, so it is currently known that it is not a scam.

Why have I rarely heard of prop firms?

Most people who come into contact with foreign exchange margin should be mainly brokers, but this kind of prop firm is very popular abroad. Many successful foreign traders started from this model. They first use their rules to help them develop trading discipline and wait for trading for a while.After time, if you have profit-sharing funds, you can open an account with a broker and operate with your own funds. I also recommend a few.Broker, If necessary, you can also refer to my experience in using it.

What is the difference between a foreign exchange dealer and a self-owned fund?

If you open an account with a broker, you are depositing your own principal. All risks are borne by the investors. In addition, you also need to prevent fraudulent brokers from allowing withdrawals, black-hearted spreads, fake brokers, fake customer service and other issues. You really need to do your own homework.

The self-employed model is to register with the self-employed company and after the assessment, they will give you a sum of funds, and you will help them trade. All losses will be borne by the company (the most is the loss of the registration fee), and when you make a profit, you can get a share of the profit. All the problems that may be encountered in the broker are handled by the company.Worry, and investors just need to concentrate on the rules and profit.

Brokers only look for investors, not traders; while self-employed traders only look for traders, not investors.

Which foreign exchange dealer should I choose?

There are about dozens of foreign exchange dealers in the world, but I and my friends around me have used more than 5 of them. And each self-operated foreign exchange company has its own examination rules, profit sharing ratio, risk control standards, and other items such as supported trading platforms, retake rules, registration fees, etc. For too many details, please refer to me.Organize and compare the information of foreign exchange dealers

How much does it cost to apply for a Funding Plan?

The registration fee of each self-employed company will vary depending on the comprehensive assessment of account funds, rules, profit target setting, challenge period, etc. andSurgeTraderThe minimum registration fee is US2 250 and the account size is US2 25,000.

I have compiled a series of sharing articles on trading strategies. They are all about interviews with foreign traders. Looking at the strategies shared by different traders helps to summarize successful trading methods. If you are interested, you can take a look.: Trading strategy sharing

Everyone is welcome to join the telegram group below to communicate.

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