Prop companies are a great way to make significant profits without actually investing anything. These companies offer you their own capital to manage, so you can trade with borrowed funds with low risks and high profitability. However, each company is different, and some of them require that you invest a small sum right from the start or pass some test of your skills. In this article, we analyze the minimum deposit conditions and possible benefits of Surge Trader, a pretty popular prop platform.
About the company
Surge Trader is a proprietary company registered in Florida, USA. It recruits professional traders and funds them with its own capital, so it’s a very popular platform for experienced investors who want to manage large sums of money for profit. While many similar companies don’t disclose the sources of their funding, Surge Traders is known to be funded by the venture fund Valo Holdings. All in all, it is a reliable financial intermediary that’s popular in many countries.
While the company offers you its own capital to manage, you still have to deposit $250 as an audition fee. While the Surge Trader minimum deposit is relatively high, its testing system is very user-friendly and convenient. Once you pay the fee, you get access to several exam packages to learn more about trading. If you are a pro trader, you can pass them and get right to the Audition. That’s basically a test of your knowledge, and if you manage to pass it as well, you become a fully funded trader.
That status gives you all the benefits Surge Trader has to offer. You receive a capital from $250,000 to $1,000,000 for trading: the actual sum depends on the package you’ve chosen at the start. There are many various assets you can trade: currencies, stock assets, and even crypto. The leverage goes up to 1:20, so you can make extreme profits quickly. However, beware of losses: the daily loss limit for a starter is just 5%, and if you exceed it, you lose your 75% share of profits.
Surge Trader has no restrictions on trading strategies: for example, you can employ trading robots or scalping to make your profits. If you have any questions about the platform’s conditions or rules, you can contact its 24/5 customer support: it’s known to be very professional and responsive. Withdrawing your funds is easy: you can do that once a month, but there are no fees.