US-headquartered proprietary trading firm, SurgeTrader, is running a contest from 24 April to 28 April 2023. Participants will trade against each other for the chance to win a bankrolled audition account. All traders will receive a starting balance of $100,000.
|1st||$100,000 audition account + $1000 in cash
|2nd||$50,000 audition account
|3rd||$25,000 audition account
|4th – 30th||10% discount on future auditions
How To Sign Up
Traders have until 00:01 EDT on 24 April to register for a contest account.
New joiners will need to provide their name, nickname, email address, contact number, and country of residency.
SurgeTrader will send login details to the trader’s registered email address.
There are several competition rules:
- 5% daily loss limit – based on the trader’s balance at the end of the previous day. The limit resets at 5 pm EST.
- 6% maximum trailing drawdown – the total amount that traders can draw down before infringing their account. The trailing maximum drawdown will increase until participants hit a 6% profit target. At this point, SurgeTrader will remove the trailing drawdown, allowing traders to draw back down to their starting balance.
- 10 lots maximum – traders cannot have more than 10 lots open at any point. Breaching this level will result in disqualification.
SurgeTrader is a prop trading firm that offers funded accounts. The company is based in the US though trading accounts are operated by ASIC-regulated broker, Eightcap.
Funded trading accounts of between $25,000 and $1,000,000 are available to traders that demonstrate their ability to generate profits. Profiles have profit splits of between 75% and 90%, with the latter requiring a one-off fee of $360.
Hundreds of assets can be traded through Eightcap’s MT4 and MT5 (not available in the April contest) platforms. This includes forex, stocks, indices, commodities, and cryptocurrencies. All strategies and trading styles are permitted, including algo trading and hedging.
Register for the SurgeTrader competition this April for your chance to win an audition account and cash prizes.
The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com