Independent firm profile
SurgeTrader
ClosedNote: SurgeTrader lost its MetaQuotes MT4/MT5 access in early 2024 amid MetaQuotes' crackdown on prop firms serving US clients. On approximately May 17–18, 2024, Match-Trade Technologies separately terminated SurgeTrader's platform license, leaving the firm with no functional trading infrastructure. Unable to secure an alternative platform, SurgeTrader announced permanent closure on May 24, 2024.
One-step multi-asset prop firm offering accounts up to $1M.
- Headquarters
- Naples, USA
- Founded
- 2021
- Funding model
- Evaluation Based
- Region served
- North America
Community rating
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Overview
What this firm is and who it serves
SurgeTrader offers a one-step Audition challenge across forex, indices, commodities, and crypto, with funding up to $1M and a 75–90% profit split.
"Identify and back skilled multi-asset traders through a single-step audition."
At a glance
Structured facts about this firm
- Firm Type
- Evaluation Based prop firm
- Market Focus
- Forex, Crypto
- Trading Style
- Evaluation-Based Funding, evaluation-based funding
- Institutional Level
- Retail-accessible proprietary firm
- Retail Accessibility
- Open to retail traders via evaluation
- Geography
- Naples, USA · North America
- Known For
- One-step audition
- CEO
- Lance Aubrey
- Team size
- 25–75
Funding programs
Account types and the path to capital
Evaluation
AvailablePass a challenge before receiving a funded account.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Audition fees from ~$250 to ~$6,500.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +High account ceiling
- +Multi-asset
- +Simple rules
Trade-offs
- −Lower split than top competitors
- −Audition fee not always refunded
Frequently asked questions
Common questions about SurgeTrader
Is SurgeTrader a legitimate prop firm?+
SurgeTrader was founded in 2021 and is headquartered in Naples, USA. One-step multi-asset prop firm offering accounts up to $1M.
Does SurgeTrader require an evaluation?+
Yes. SurgeTrader requires traders to complete an evaluation phase before being granted a funded account.
What is the profit split at SurgeTrader?+
SurgeTrader pays traders 90% of net profits, keeping the remainder as the firm's share.
How often does SurgeTrader pay out?+
SurgeTrader processes payouts on a bi-weekly basis.
What platforms does SurgeTrader support?+
SurgeTrader supports the following trading platforms: MetaTrader 4, MetaTrader 5, Match-Trader.
What trading restrictions does SurgeTrader enforce?+
At SurgeTrader, news trading is allowed, overnight holding is allowed, weekend holding is allowed. Always confirm current rules directly with the firm before trading.