While retail trading is the most popular means by which individuals attempt to make money in the financial market, proprietary trading firms aren’t far behind. Both methods certainly sound appealing and can be utilized for impressive financial gains. But what is all this fuss about prop trading firms—specifically, SurgeTrader? Does it deserve all the hype it’s receiving?
You’ll be able to answer those questions in a few minutes. In this SurgeTrader review, we’ll take a closer look at SurgeTrader, its features, and what sets it apart from other trading platforms.
What is SurgeTrader?
SurgeTrader is a relatively new player in the prop trading platform market, having launched in 2021.
Despite its recent entry into the market, this platform has already gained a considerable following thanks to its user-friendly interface, low fees and cutting-edge features.
Founded by serial entrepreneur Jana Seaman, the story behind SurgeTrader is interesting, to say the least—an innocent conversation at a Naples sushi restaurant turned into the reality that is SurgeTrader.
If reputations are to your taste, it should be noted that Seaman was one of Gulfshore Business’s 40 under 40 for 2022. Let’s take a look at how it performed in its first full year of operation:
- Employee growth of over 200%
- A roster of global traders in the tens of thousands and growing
- Dished out tens of millions of trader funding in aggregate
- Paid out multiple millions of dollars in profits to traders
Not a bad start for the new kid on the block.
SurgeTrader Review: Features
SurgeTrader must offer some outstanding features to be putting up numbers like that. Here are a few of our favorites:
User Interface
One of the key features that sets SurgeTrader apart is its user interface.
This platform has been designed with you in mind and it’s incredibly easy to navigate. The user interface is clean, modern, and intuitive, making it easy for both novice and experienced traders to use.
SurgeTrader offers a range of tools and features that are designed to help traders make informed decisions and manage their investments.
Low Cost
Another key feature of SurgeTrader is its low fees. This platform charges some of the lowest fees in the industry, making it an attractive option for traders who want to keep their costs low.
SurgeTrader charges no commissions on trades and there are no account maintenance fees.
Additionally, the platform offers free real-time market data, which is a valuable resource for traders who want to stay up-to-date on market trends.
Wide Range of Features
SurgeTrader also offers a range of advanced features that are designed to help traders make smarter investment decisions.
One of these features is the platform’s advanced charting tools. These tools allow traders to visualize market trends and analyze data in real-time, which can help them make more informed trading decisions.
SurgeTrader also offers a range of technical indicators that traders can use to identify potential opportunities and risks.
Active Community
One of the most unique features of SurgeTrader—setting it apart from other funded stock trading accounts–is its social trading platform.
This feature allows traders to follow and copy the trades of other successful traders on the platform—a valuable resource for novice traders who are still learning the ropes, as it allows them to learn from experienced traders and improve their own trading strategies.
Additionally, the social trading platform can be a useful tool for experienced traders who want to diversify their portfolios and take advantage of new investment opportunities.
Focus on Education
SurgeTrader also offers a range of educational resources that are designed to help traders build their knowledge and skills.
These resources include articles, videos, and webinars on a range of topics, from basic trading strategies to more advanced concepts like technical analysis.
The platform also offers a demo account that allows traders to practice trading without risking real money. This is a great feature for novice traders who want to gain experience before diving into real trading.
Where SurgeTrader Could Improve
One potential downside of SurgeTrader is its limited selection of tradable assets.
Currently, the platform only offers trading in US stocks and ETFs. While this may be a deal-breaker for some traders, it’s worth noting that the platform is still relatively new, and additional asset classes may be added in the future.
Final Thoughts
SurgeTrader is a solid trading platform that offers a range of features and tools that are designed to help traders make informed decisions and manage their investments.
The platform’s user-friendly interface, low fees, and social trading platform make it an attractive option for traders of all skill levels.
While the platform’s limited selection of tradable assets may be a downside for some traders, it’s worth considering SurgeTrader as a viable option for those who are looking for a reliable and affordable trading platform.
If you’re interested in joining the ranks of the rising popularity of prop trading, click here to get started with SurgeTrader.
