Forums » Off-Topic Discussions
Expert Review of SurgeTrader
-
Expert Review of SurgeTrader
SurgeTrader is a classic prop company that allows traders to work with investors' money. The core of the proposal is as follows: are you confident in your abilities and your experience? Then you need to choose one of the company's course exam packages, get trained, and confirm your knowledge by passing the SurgeTrader Audition. Unlike other companies, SurgeTrader does not have a 30-day trial period. If you pass the test, within 24-48 hours you are assigned the appropriate status. This is one of the key advantages of the company.To get more news about surgetrader review, you can visit wikifx.com official website.
The second advantage of SurgeTrader is high trading commissions. The trader receives an account from USD 25,000 to $1 million under management, depending on the initially chosen package. And 75% of the profit is the trader's income. But to get it, the trader must adhere to fairly strict trading rules regarding the maximum daily loss and drawdown. Although the company is loyal to non-critical violations and can be flexible with the trader, for major violations it has a zero-tolerance policy, which includes the cancellation of the “SurgeTrader” status and the need to re-pay the cost of the course.
The first impression of SurgeTrader is positive. The terms of trade are formulated very clearly, and there are not many of them. The price of the courses is relatively high, but this is offset by the nonexistence of a test period, loyalty to random errors, and the opportunity to reach your full potential. There are no restrictions on the strategies used.
SurgeTrader is an investment company in and of itself, ready to invest in professional traders. SurgeTrader works with a venture investment fund that is ready to transfer money to the management of the traders who have proved their professionalism on a test account.The prop trading model of SurgeTrader works as follows:
The trader pays for testing. The fee was introduced to eliminate beginners and traders without experience who are not ready for long-term cooperation. The amount depends on the chosen tariff plan. Tariff packages differ in the requirements for the target profit transferred to the management of the deposit.
Within a few minutes after the payment, the trader gets access to the account on the EightCap broker platform. The task is to earn money following the trading rules.
After passing the test mode, the trader gets access to a funded account. Its conditions are fully consistent with the conditions of the test mode. If a trader has paid for the exam package with access to USD 50K, in case of successful completion of the exam, he will receive a funded invoice for USD 50K.
There is a demo account for testing the trading platform. On it, you can go through test trading before paying for the exam. The trader's profit is 75% of the money earned. In case of major violations, the trader's account is disqualified, after which it is offered to pay for the exam with a 20% discount and take it again.
To obtain the status of an affiliate, you need to send an application by email, after which the company will provide access to the affiliate account. The account tools allow you to track affiliate statistics and the effectiveness of a marketing campaign. Remuneration payments are made at the beginning of each month.