SurgeTrader ceased operations on 24 May 2024, roughly seven weeks after Match Trade Technologies notified the Florida-based prop firm that its Match Trader license would be terminated.
Why the Platform Agreement Ended
Match Trade cited compliance concerns and unmet contractual requirements. SurgeTrader disputed that explanation, said it had cooperated and suggested outside influence without publishing evidence. The disagreement was never publicly resolved.
Why SurgeTrader Closed Before the Deadline
The termination was due to take effect on 30 June, but SurgeTrader said it could not secure replacement infrastructure and closed earlier. Public statements did not explain what happened to all pending balances or payouts.
BestForex.io View
Platform dependency was the structural risk
Regardless of which company was right, traders discovered that the funded-account product depended on infrastructure the firm could not replace within its notice period.
About the Company
About SurgeTrader
SurgeTrader, also associated with Surge Funding, was a Florida proprietary trading firm. It closed permanently in May 2024.
Frequently Asked Questions
Why did SurgeTrader close?
It said it could not replace its trading platform after Match Trade issued a termination notice.
Did both companies agree on the reason?
No. Their public explanations conflicted.
Is SurgeTrader still active?
No.
See our SurgeTrader profile.