The company SurgeTrader provides Forex account management services. According to the website, the organization is handled by a team of proprietary Forex traders. In addition, the group asserts that they create automated trading methods based on algorithmic trading rules. Unfortunately, the website fails to introduce us to these merchants.
Investors are usually interested in the leadership and experience of a company. This significantly facilitates the decision-making procedure. The crew at Surge Forex does itself no favors by disguising their identities. Only organizations with complete transparency may be rated among the best Forex trading solutions.
In addition, there are numerous more factors to consider when determining whether a product is worth your money. We have evaluated you. This analysis will determine whether Surge Forex is a worthwhile investment.
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Trading Methodology
Surge Forex sells two primary trading robots, each employing a distinct trading technique. The two strategies include the Infinium and Stealth strategies. Both of these methods are entirely automated.
The Infinium technique is reportedly utilized by professional money managers worldwide. In addition, according to the website, this hedging method trades in both calm and stormy markets. However, the strategy’s operation needs to be described in detail. The only information provided is that the bot enters positions based on several indication data. The corporation does not disclose the nature of these indicators or the market conditions upon which they are based.
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According to the corporation, the Stealth strategy involves 100% pricing action. They continue by stating that the take profit, stop loss, and trailing stop are concealed. In addition, they claim the bot utilizes specific time settings. This description provides no insight into the bot’s inner workings.
The company needs to explain to customers how their trading bots operate. The Strategies section is filled with imprecise material of no use to investors. Before investing their hard-earned money, investors always want to know how a bot operates. This is the only method for them to determine if the system suits their portfolio.
Pricing and Function
Single licenses for these bots are priced at €299, dual licenses at €390, and three licenses at €525. Both bots provide installation support, support for MetaTrader 4/5, and lifetime updates. In addition, the systems offer clients automatic trading.
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Trading Outcomes
Forex Surge gives FX Blue accounts to illustrate the trading performance of its bots. The trading outcomes reflect the company’s two trading bots. In 182 days, the Infinium bot generated a profit of 10.4%. In addition, we can see that the average trade time for the bot is 41.9 hours per day, with 7.3 deals each day. Moreover, the bot’s win rate is 70%. The average loss is 115.91, and the average victory for the risk-reward ratio is 82.82.
However, there is a deficit in the account. There is no withdrawal record. Therefore, it is still being determined where some of the money went.
During 63 days, the Stealth bot’s profit margin is 11.7%. The victory percentage is 91.3%, and the typical trade lasts three days. The bot’s average loss is -78. The bot does an average of 44 deals per day with a victory rate of 6.13 percent.
Overall, the bot’s risk-to-reward ratio is manageable. Nonetheless, the same behavior is observed with the Infinium bot. There is a deficit in the trading account, but no withdrawal is recorded. This is quite perplexing.
Before purchasing a license, we recommend taking advantage of the company’s 30-day trial period. Avoid making rash investments. Test the bots to discover whether they meet your portfolio’s requirements.
Account Management Services
This company’s claim to offer account management services needs to be clarified. The website does not indicate that the company provides these services. In addition, the link to learn more about these services leads to the robots’ page.
Why would a business claim provide a service they do not? This is indeed puzzling. At a minimum, the company should know what it is doing and concentrate on it. We must refrain from entrusting such a disorganized business. They are still determining the services they provide to clients. We cannot expect them to remain committed to meeting the needs of investors.
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Final Verdict
Overall, these businesses appear legitimate. They have done an excellent job informing clients about their services and displaying trade results on their website. We are unable to recommend this company at this time. A few issues must be resolved before we can fully entrust them with our funds.
To begin with, the corporation must specify its base of operations. We need toot to determine if they are in London or Bulgaria. In addition, the corporation must make its offerings crystal clear.
What exactly is funded trading?
Best Funded trading accounts allow traders to profit by trading other firms’ capital without risking their trading account. However, long-term success needs a high level of financial market abilities and expertise.
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