In 2022, more than 200,000 traders from around the world voted  SurgeTrader as the best prop trading firm in the business.

Even though bigger players were on the ballot, they failed to garner enough support through the vote commissioned by the Traders Union.

“SurgeTrader is looking for long-term relationships with great traders. We set out to create an experience for our traders to feel valued and want to set the new standard in the trading world,” said Jana Seaman, the company’s founder and CEO. A deeper dive into the prop firm’s offer backs up those words.

Traders can choose between a one-phase or two-phase audition and have a generous 5% daily loss limit and no time limit to reach industry-standard profit targets. Traders on SurgeTrader also receive accounts with funds after they qualify.

>> Sign Up for a SurgTrader Funding Account

Most companies in the industry require traders to adhere to a long list of rules to keep their place as funded traders. SurgeTrader has only two rules: The daily loss limit is 5%, and the maximum drawdown is 8%.

Every aspiring prop trader who wants to secure more professional freedom can choose between a one-phase or two-phase audition where they’ll trade with virtual funds. They must show they’re serious by paying a fixed audition fee, but there are no subscription fees. Click here to check the pricing for funding options.

The one-phase audition is perfect for confident traders looking to fast-track their path to a funded account. Traders receive up to $1 million in funding with a maximum leverage of 20:1 and a plethora of add-ons to choose from. The profit target is set at 10%, and there are no time limits to reach it. The two-phase audition is an option for traders with a lower risk tolerance who want to give professional trading a shot.

The profit target during the first phase is 8% but dips to 5% during the second phase. Leverage is 50:1, providing buying power that’s rare in the industry. On top of that, the max drawdown of 8% is fixed, not trailing. So, if you choose a $100,000 account, you must be careful not to go under $92,000. With the two-phase option, traders can get up to $500,000 in funding.

The profit share for both options can get as big as 90%, which is another way the company aims to keep being one of the best prop trading firms. SurgeTrader has an Excellent score on Trustpilot with 1,100 reviews. If you’re thinking about trading professionally, SurgeTrader is a great firm to consider.

>> Sign Up for a SurgTrader Funding Account

Want to get in on the action yourself?

Check out Benzinga's favorite options for prop trading.

Read More On Prop Trading From Benzinga

Investments carry risks, and past performance is not indicative of future results. Please conduct thorough research and consult with financial advisors before making investment decisions.