00:00 Welcome, it's Michael Murray here with Benzinga.
00:04 Very excited to welcome in Jaina from SurgeTrader here with us.
00:07 Excited to be working with the SurgeTrader team.
00:09 And Jaina, it's great to have you here with us.
00:10 How are you?
00:11 Thank you so much.
00:12 I'm doing really well.
00:13 It's great to be back with Benzinga today.
00:14 Awesome to have you guys with us as always.
00:17 Get us started here by giving us a quick overview of SurgeTrader.
00:20 Can you start us there?
00:21 SurgeTrader is a proprietary trading firm.
00:23 What we do is we offer traders access to our institutional capital so that they can increase
00:28 and maximize their gains in the market.
00:30 Fantastic.
00:31 Now, Jaina, the rise of online prop firms has kind of brought with it its host of grifters
00:35 and scammers.
00:37 What are some of the telltale signs that traders can look for to avoid these in the marketplace?
00:41 Yeah, something that traders should look for is transparency and honesty when they're looking
00:45 for a prop firm.
00:46 At SurgeTrader, we have simple, straightforward rules, and they're designed to create a friendly,
00:50 easy to use experience for all of our traders.
00:53 In addition to that, we're fully transparent about who we are as a company, who our ownership
00:57 team is, and where our capital comes from that we allow the traders to access.
01:01 We want them to have the best industry experience day in and day out.
01:06 Some prop firm offerings are another thing to keep an eye out for.
01:10 The last several months, we've seen several firms enter the market with really unrealistic,
01:14 almost too good to be true offerings.
01:17 Those offerings quickly catch up to the companies, and what they end up doing in the end is hurting
01:21 the traders.
01:22 Absolutely.
01:23 Now, SurgeTrader has a great track record in paying out what it owes to traders.
01:27 Is it that common to not do this in the industry, and how do other firms get away with that
01:31 on a regular basis?
01:32 Unfortunately, it's more common than you would imagine.
01:35 Here at SurgeTrader, we take enormous pride in saying that we have completed every payout
01:39 owed since our founding over two years ago.
01:42 Many other firms use a lot of complex rules and time limits or different structures to
01:47 get out of their payouts.
01:49 But what our traders earn, we pay out every single time.
01:53 Outstanding.
01:54 How important is it to be based in the US and have a physical office space?
01:58 Is that important in this industry?
02:00 To us, it's a big part of who we are.
02:02 It adds another layer of credibility in that transparency and allowing people to see who
02:08 we are and where we are.
02:10 There's nothing to hide here at SurgeTrader.
02:12 We have a beautiful trading pit, that we call it, that we're headquartered in here in Naples,
02:17 Florida.
02:18 When you call into SurgeTrader and you talk to customer support, or we're filming our
02:22 marketing videos, or you see the traders trading, it's all happening here in the pit, here in
02:27 the US, and adding another layer of credibility and relatability to our traders.
02:31 100%.
02:32 Now, how can a prop firm help traders help themselves?
02:35 What kind of risk management strategies does SurgeTrader encourage?
02:38 There are a number of ways that prop firms can help the average trader improve their
02:42 habits or strategies.
02:44 Stop losses are a great example of that, requiring all of our traders to input a stop loss before
02:48 executing trades.
02:50 Not only are they practicing excellent risk management, but it also ensures that they
02:53 calculate and take into account all possible outcomes when they're placing a trade.
02:57 Absolutely.
02:58 Now, where does SurgeTrader stand in the prop trading industry right now?
03:01 Can you give us a sense of that, Jaina?
03:03 Yeah, for sure.
03:04 We're one of the top 10 largest prop firms globally.
03:07 We have a super solid foundation in capital, and SurgeTrader's built to last and will always
03:11 be a prop firm that traders can feel confident about partnering with and always getting their
03:17 payouts.
03:18 Amazing.
03:19 A broader question as we close out here.
03:21 What are some characteristics of a reliable prop firm?
03:24 Can you give us some of the hallmarks of somebody that would sit in that category?
03:27 Yeah, for sure.
03:28 Again, going back to that clear, transparent structure, a prop firm should be transparent,
03:32 should be well-structured, defined policies, procedures, terms.
03:37 They need to have robust risk management.
03:38 A reliable prop firm prioritizes risk management and has robust systems in place to manage
03:43 and control risks associated with the trading activities.
03:47 We employ effective risk management policies, including stop-loss measures, continually
03:53 monitoring positions and market conditions, and mitigating potential issues.
03:57 We have a strong capital base.
03:59 A reliable prop firm has a strong capital base, which provides stability and the ability
04:03 to withstand market fluctuations.
04:05 We have also a positive reputation and a track record.
04:08 They have a track record of successful trading and satisfied traders.
04:12 Support and resources.
04:13 We have the best customer support in the industry.
04:15 You can always talk to a live person here in the pit to help bring our traders through
04:20 any issues that they might encounter on our platform.
04:23 That's great.
04:24 Jayna, like I said, every time you join us, you give us great information on what sets
04:27 SurgeTrader apart.
04:28 We're super excited, as always, to be talking with you.
04:30 Thank you so much for some more hallmarks of successful prop trading firms, but especially
04:34 what SurgeTrader is doing to set itself apart.
04:36 Thank you so much for having us.
04:44 [BLANK_AUDIO]
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