Surge Forex provides Forex managed accounts and they also want traders and investors to know that they are a team of proprietary traders who use well-balanced trading strategies and algorithmic modules to achieve maximum returns. The domain SurgeForex.com was created back in July 2015 but they don’t appear to have provided any managed Forex account until recently.
Ownership of Surge Forex is not known. However, they provide the address 52-54 Broadwick Street, Soho, London, W1F 7AH and a UK phone number +44 (0)2032395772 where they can be reached.
Investors who prefer email conversations can use [email protected] Surge Forex also wants investors to know that they’re trading their managed accounts with their own funds hence their interest is completely aligned with that of their clients.
Whether this can be proved or not is a topic of another day. It is well-known that most fund managers with no track record don’t always trade with their funds.
Dubious ones like Forex92.com and others have gone a step ahead to use other company’s myfxbook accounts in order to deceive investors with returns that are not there’s.
SurgeForex MAM account provider claims that they provide trading strategies whose performance can be verified. However, the link to their live performance is not active and hence we cannot see any live performance as claimed on the sales page.
We would therefore want Surge Forex to provide evidence of their live trading performance using a redacted broker statement if at all they do not have a myfxbook account.
Also, it appears that this website is quite new. Perhaps they just purchased the domain SurgeForex.com and started business the other day.
Regardless, we are determined to see whether or not this MAM Forex account or professional trading strategy provider will be any different.
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The sales page is professionally done and they are at least providing a way to be contacted. There’s a link to a page called strategies which is supposed to lead us to a myfxbook account or something that demonstrates how they manage funds of their clients.
This link is however redirecting to a page that can be found here https://copytrade.surgeforex.com/login. If we want to see the trading strategies which are being used by this Forex MAM account provider, we must create an account or login if we already have the credentials.
This is a very unfortunate thing because most professional Forex managed account providers put their strategies in black and white for investors to go through and if clients have questions, they can use the contact means provided to reach the fund manager.
Based on this fact, we cannot determine right away whether it is true that Surge Forex is using AI trading strategies together with sophisticated money management strategies.
They ought to have made this available to everyone without forcing traders to sign up upfront.
Surge Forex review: The features provided by this Forex managed account service
First of all, they want traders to believe that Surge Forex traders are using proven trading strategies with live performance and yet no evidence has been provided.
The brokers they use are allegedly regulated by FCA and CySEC. They have not named them so we have no idea who these Forex brokers are.
The steps to getting started with Surge Forex involves opening an account, selecting preferred trading strategy, adjusting risk and starting to trade.
Now, if this is the case, we are assuming that they are operating like a copy trading service instead of a Forex managed account provider.
Why are clients being forced to select a trading strategy or adjust risks when the purpose of a Forex managed account provider is to handle all of these things?
We would like this MAM provider to give us a proper explanation.
Other than this, there’s nothing else to discuss because this sales page lacks in-depth information concerning their mode of operation.
Lack of information is a major concern when it comes to writing a review like this one.
Because things like trading strategies, draw down, monthly returns etc have not been discussed, we will move to the next section of this Surge Forex review which discusses whether or not client feedback is good.
Surge Forex client feedback
Nobody has ever provided any feedback regarding this MAM account provider and therefore this will be the first review to have been written about this service.
At the moment, this site is not even popular as it has an Alexa ranking of 8 million. This means that there are very few visitors who come to this website on a daily basis.
It is possible that Surge Forex does not have any client yet.
If that is the case, we can say that it is better to stay away from this service until Surge Forex operators can prove that they have clients already and are making money for them.
Lack of transparency is the biggest concern, plus there is a feeling that Surge Forex is trying to hide the specific details of their trading strategies.
It is the right of investors to know all of these things upfront. With nearly zero information to explain how this service works, it is difficult to say that Surge Forex is a good Forex managed accounts provider.
If you have anything to say about this SurgeForex review, please comment below. Otherwise we will not recommend this service at this particular time.