Research profile
Profile data updated: September 9, 2026
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
- Geographic availability
- Worldwide policy not clearly stated
U.S. traders: Not confirmed
May suit
traders focused on forex, crypto; traders comfortable with an evaluation phase.
Consider alternatives if
you require futures, exchange-traded equities, options; you rely on copy trading.
Trader 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
- News trading permitted, overnight holding allowed, weekend holding allowed
- Retail Accessibility
- Open to retail traders via evaluation
- Based in
- Naples, USA
- Geographic availability
- Worldwide policy not clearly stated
- 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
SurgeTrader FAQs
Based on terms reviewed September 9, 2026
What should traders verify before choosing SurgeTrader?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with SurgeTrader before purchasing.
Does SurgeTrader offer evaluation and instant-funding options?+
SurgeTrader offers an evaluation (challenge) path. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do SurgeTrader's payouts and profit split work?+
The published profit split is up to 90% of net profits to the trader, depending on the program; payouts are processed on a bi-weekly basis. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
What are SurgeTrader's main drawdown and trading restrictions?+
Based on the documented terms we reviewed: news trading is allowed, overnight holding is allowed, weekend holding is allowed, copy trading is not permitted. Drawdown type and consistency requirements can vary by program, so check the rulebook for the exact program before purchase.
Which platforms and markets are available at SurgeTrader?+
Platforms: MetaTrader 4, MetaTrader 5, Match-Trader. Markets: forex, crypto. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
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