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SurgeTrader

United States|2-5 years|
Suspicious Scope of Business|High potential risk|

https://surgetrader.com

Website

Rating Index

Contact

+1 866-998-0883
info@surgetrader.com
https://surgetrader.com
405 5th Ave South Naples, Florida 34102

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

SurgeTrader · WikiFX Survey

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SurgeTrader · Company Summary

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience.

Aspect Information
Company Name SurgeTrader
Registered Country/Area N/A (Unregulated)
Founded Year 1-2 years
Regulation Not regulated
Minimum Deposit N/A
Maximum Leverage Up to 1:20
Spreads N/A
Trading Platforms MT4 and MT5
Tradable Assets Forex pairs, cryptocurrencies, metals and energy, stock indices, and individual stocks
Account Types N/A
Demo Account N/A
Customer Support Phone: 866-998-0883, 239-944-5317,Email: info@surgetrader.com
Deposit & Withdrawal Credit cards, debit cards, PayPal, cryptocurrencies, and Direct Wire Payments
Educational Resources Articles, videos, and webinars on the SurgeTrader website

Overview of SurgeTrader

SurgeTrader is an unregulated forex broker founded within the past 1-2 years. It offers trading services in a wide range of instruments, including forex pairs, cryptocurrencies, metals and energy, stock indices, and individual stocks.

The platform operates on the MT4 and MT5 trading platforms. The maximum leverage available is up to 1:20, allowing traders to amplify their positions. However, specific details about minimum deposits and spreads are not provided. SurgeTrader supports various payment methods for deposits and withdrawals, including credit cards, debit cards, PayPal, cryptocurrencies, and Direct Wire Payments. Customer support can be reached via phone and email. Additionally, SurgeTrader provides educational resources such as articles, videos, and webinars on its website.

It's important to note that SurgeTrader is not regulated, which entails potential risks and considerations for traders.

basic-info

Is SurgeTrader legit or a scam?

Please be aware that SurgeTrader operates without any regulatory licensing, indicating that it is not subject to regulatory oversight.

It is important to note that without regulation, SurgeTrader lacks the supervision and safeguards typically provided by regulatory authorities. The absence of regulatory licensing brings about the following potential concerns and risks:

1. Lack of Investor Protection: Regulation is in place to provide protection for investors and ensure fair trading practices. Regulated brokers are obligated to follow specific standards and regulations that safeguard the interests of their clients. With an unregulated broker, there may be a lack of such protection.

2. Risk to Fund Safety: Regulatory bodies impose strict financial requirements on regulated brokers, including measures such as client fund segregation and safety protocols. When using an unregulated broker, the safety and reliability of funds may not be guaranteed.

3. Lack of Transparency: Regulatory bodies demand transparency from brokers, including fair pricing and clear trading conditions. Unregulated brokers may lack the transparency assurances that ensure fair and transparent trading practices.

4. Absence of Remedial Measures: In the event of disputes or conflicts, regulatory bodies provide channels for arbitration and resolution. However, unregulated brokers may lack effective remedial measures, leaving investors without proper recourse.

Therefore, choosing a regulated broker is important as regulatory oversight provides additional protection and supervision, ensuring the safety and transparency of trades.

Pros and Cons

SurgeTrader offers a diverse range of trading instruments, including forex pairs, cryptocurrencies, metals and energy, stock indices, and individual stocks. Traders have access to popular trading platforms like MT4 and MT5, providing them with familiar and robust tools for their trading activities. The platform also offers high leverage of up to 1:20, allowing traders to amplify their positions and potentially increase their returns. Multiple payment options are available, providing convenience and flexibility for depositing and withdrawing funds. In addition, SurgeTrader provides free educational resources such as articles, videos, and webinars.

However, it is important to note that SurgeTrader operates without any regulatory licensing, indicating that it is not subject to regulatory oversight. This lack of regulation raises concerns about investor protection and the absence of safeguards typically provided by regulatory authorities. There is a potential risk to fund safety, as unregulated brokers may not adhere to strict financial requirements such as client fund segregation. The transparency of trading practices may also be compromised, as regulatory bodies demand transparency in areas such as pricing and trading conditions. Moreover, the absence of effective remedial measures in the event of disputes or conflicts may leave investors without proper recourse. Therefore, it is crucial to consider these risks and exercise caution when engaging with an unregulated broker like SurgeTrader.

pros
Pros Cons
Diverse range of trading instruments Lack of regulatory oversight
Availability of popular trading platforms (MT4/MT5) Potential lack of investor protection
Potential for high leverage (up to 1:20) Risk to fund safety
Multiple payment options Lack of transparency in trading practices
Free educational resources

Market Instruments

SurgeTrader is a trading platform that provides a diverse range of trading instruments for its users. These instruments include:

1. Forex Pairs: SurgeTrader allows trading in various currency pairs, such as EUR/USD, GBP/USD, USD/JPY, and many others. Forex trading involves speculating on the exchange rate between two currencies.

2. Cryptocurrencies: SurgeTrader supports trading in cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Cryptocurrency trading involves speculating on the price movements of digital currencies.

3. Metals and Energy: SurgeTrader enables trading in precious metals like gold and silver, as well as energy commodities like crude oil and natural gas. These markets allow traders to speculate on the price fluctuations of these valuable resources.

4. Stock Indices: SurgeTrader offers trading opportunities on various stock indices, such as the S&P 500, NASDAQ, FTSE 100, and DAX. These indices represent the performance of a basket of stocks from specific markets, allowing traders to speculate on the overall market movements.

5. Individual Stocks: SurgeTrader provides access to trading 90 individual stocks. These stocks could include companies from different industries and sectors, allowing traders to speculate on the price movements of specific companies.

Account Types

SurgeTrader offers several advantages for its users. With a profit share of up to 90%, traders have the potential to earn a significant portion of their profits. The profit target of 10% provides a clear goal to strive for, ensuring a focused and disciplined approach to trading. The daily loss limit of 5% helps to manage risk and prevent excessive losses, promoting responsible trading practices. With leverage of up to 20:1**, traders can amplify their positions and potentially increase their returns. The max trailing drawdown of 8% acts as a safeguard, limiting the extent of potential losses and protecting the trader's capital. Overall, SurgeTrader's account features empower traders with the potential for high profits, risk management tools, and leverage options to optimize their trading strategies.

Different account levels and their associated details are as follows:

Account Level STARTER SEASONED EXPERT INTERMEDIATE ADVANCED MASTER
Initial Capital $25,000 $100,000 $500,000 $50,000 $250,000 $1,000,000
Audition Fee $250 $700 $3,500 $400 $1,800 $6,500

Please note that the profit share can be increased from the standard 75% to 90% with an add-on purchase. Additionally, the standard leverage can be increased up to 20:1 with an add-on purchase, and it applies only to FX and metals.

* The standard profit share of 75% can be increased to 90% with an add-on purchase.

** The standard leverage can be increased up to 20:1 with an add-on purchase and applies only to FX and metals.

account-types

How to Open an Account?

To open an account with SurgeTrader, follow these six steps:

1. Visit the official website of SurgeTrader at https://surgetrader.com/.

2. Look for the “START TRADING” button, typically located on the homepage.

open-account

3. Click on the button to start the account registration process.

4. Fill in the required information accurately and completely. This may include personal details such as your name, email address, contact number, and residential address.

5. Choose the type of account you wish to open. SurgeTrader may offer different account options tailored to various trading needs, such as a standard account or a premium account.

6. Agree to the terms and conditions of SurgeTrader and complete the verification process. This may involve providing necessary identification documents to verify your identity and comply with regulatory requirements.

Once you've completed these steps, your account with SurgeTrader will be created, and you can proceed to fund your account and start trading.

Leverage

SurgeTrader offers leverage of up to 1:20, allowing traders to amplify their trading positions. With a leverage ratio of 1:20, traders can control a position size that is up to 20 times larger than their initial investment.

leverage

It's important to note that leverage can significantly increase both potential profits and losses. While leverage can enhance potential gains, it also exposes traders to higher risks. Traders should exercise caution and have a solid understanding of leverage and risk management strategies when utilizing high leverage ratios like the one offered by SurgeTrader.

It's always advisable for traders to assess their risk tolerance, set appropriate stop-loss orders, and carefully manage their positions to mitigate potential losses when trading with leverage.

Trading Platform

Traders have the option to choose between Eightcap MT4 and Eightcap MT5, both of which are universally recognized platforms in the over-the-counter trading industry. These platforms are provided through the broker EightCap. Trading accounts on MT4 and MT5 are available on the Raw account types offered by EightCap.

trading-platform

Deposit & Withdrawal

SurgeTrader accepts all major credit cards, debit cards, PayPal, and cryptocurrencies (BTC, ETH, and USDC). They also provide the option for Direct Wire Payments. Customers can request wire instructions by contacting the SurgeTrader support team at support@surgetrader.com. The support team will provide the necessary details and instructions for completing the wire transfer process. SurgeTrader aims to offer a variety of payment methods to accommodate different preferences and ensure a smooth payment experience for users. For any further inquiries or assistance, customers are encouraged to reach out to the SurgeTrader support team.

Customer Support

SurgeTrader offers customer support via phone, email, and live chat. Customers can reach SurgeTrader by calling the toll-free number 866-998-0883 or the direct number 239-944-5317. Alternatively, customers can send an email to info@surgetrader.com. The company's physical address is 405 5th Ave South, Naples, Florida 34102. SurgeTrader's customer support team is available during regular market hours, and the broker aims to respond to all customer inquiries promptly. Additionally, SurgeTrader offers a range of educational resources on its website, including articles, videos, and webinars, to help traders improve their skills and knowledge.

customer-support

Conclusion

In conclusion, SurgeTrader offers a diverse range of trading instruments, popular trading platforms, high leverage, multiple payment options, and free educational resources. However, it is important to be aware of the disadvantages associated with SurgeTrader, such as the lack of regulatory oversight, potential lack of investor protection, risk to fund safety, and lack of transparency in trading practices. These factors pose potential risks for traders, highlighting the importance of careful consideration and risk assessment before engaging with an unregulated broker. While SurgeTrader provides certain advantages, traders should prioritize the safety, protection, and transparency provided by regulated brokers to ensure a secure and reliable trading experience.

FAQs

Q: Is SurgeTrader regulated?

A: No, SurgeTrader operates without regulatory oversight.

Q: What are the risks of trading with an unregulated broker?

A: Trading with an unregulated broker like SurgeTrader carries potential risks, including lack of investor protection and risk to fund safety.

Q: Can I trust SurgeTrader with my funds?

A: Without regulatory oversight, there is no guarantee of fund safety or adherence to strict financial requirements.

Q: Are SurgeTrader's trading practices transparent?

A: The absence of regulatory licensing raises concerns about the transparency of SurgeTrader's trading practices.

Q: What trading platforms does SurgeTrader offer?

A: SurgeTrader offers the popular trading platforms MT4 and MT5, which are widely recognized in the over-the-counter trading industry.

Broker Information

Company Name

Surge Capital Ventures, LLC

Abbreviation

SurgeTrader

Regulatory Status

No Regulation

Platform registered country and region

United States

Company website
Phone of the company
  • +1 866-998-0883

  • +1 239-829-8438

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YouTube

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Company address
  • 405 5th Ave South Naples, Florida 34102

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • info@surgetrader.com

Company Summary

User Reviews

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4

Comments

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XJN!
more than one year
It's been two weeks already, and I'm still waiting for my funds to be withdrawn. Every time I reach out to them, they tell me I have to wait for 24 hours to get the same information they've been giving me before, even though I've explained to them that the information they've been providing hasn't been helpful.
2024-03-25 03:08
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0
0
丝艺名剪&彬
more than one year
When it comes to customer support, SurgeTrader is unrivaled. They are quick to answer any inquiries that may come up. To the team at SurgeTrader, many thanks for the excellent service you've provided me.
2023-02-17 11:09
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0
0
FX1127340201
more than one year
SurgeTrader is one of the best prop trading firms having a question and answers section taken by the professionals. That's great to satisfy any serious learners. Thanks a lot.
2022-12-11 12:52
Reply
0
0
FX1113042782
more than one year
Almost one month, they still haven’t replied me about my withdrawal, and i still have $1280 in my account. Their promise of high profits is ****. All they do is to steal your money.
2022-12-07 13:38
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0
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