What Happened?
SurgeTrader, a proprietary trading firm that promises lucrative opportunities for traders, has recently come under fire for attempting to bury troubling information about its operations. While SurgeTrader markets itself as a reputable firm offering funded trading accounts, a growing number of complaints have emerged, raising questions about the company’s integrity and transparency. Reviews on platforms like Forex Peace Army point to a range of issues, from poor customer support and unfair trading conditions to allegations of manipulation and unethical practices.
Despite these serious concerns, there are allegations that SurgeTrader has actively engaged in tactics to censor or suppress damaging reviews and negative press. Some traders claim that their complaints have been removed from review sites or that SurgeTrader has employed reputation management strategies to drown out criticism with positive content. These efforts to control public perception, rather than address the underlying issues, suggest a deliberate attempt by the company to hide a shady past and avoid accountability.
As more traders come forward with their experiences, SurgeTrader’s attempts to censor damaging news are only adding fuel to the fire, leading to heightened scrutiny of the firm and its practices.
Analyzing the Fake Copyright Notice(s)
Our team collects and analyses fraudulent copyright takedown requests, legal complaints, and other efforts to remove critical information from the internet. Through our investigative reporting, we examine the prevalence and operation of an organized censorship industry, predominantly funded by criminal entities, oligarchs, and disreputable businesses or individuals. Our findings allow internet users to gain insight into these censorship schemes’ sources, methods, and underlying objectives.
List of Fake Copyright Notices for SurgeTrader
| Number of Fake DMCA Notice(s) | 1 |
| Lumen Database Notice(s) | https://lumendatabase.org/notices/43823184 |
| Sender(s) | SilverPulse Labs |
| Date(s) | Aug 14, 2024 |
| Fake Link(s) Used by Scammers | https://www.youtube.com/channel/UCfZBslDSsY3-BlNO7LEuJ_Q |
| Original Link(s) Targeted | https://www.forexpeacearmy.com/forex-reviews/19742/surgetrader-prop-firm |
Evidence and Screenshots
How do we investigate fake DMCA notices?
To accomplish this, we utilize the OSINT Tool provided by FakeDMCA.com and the Lumen API for Researchers, courtesy of the Lumen Database.
FakeDMCA.com is the work of an independent team of research students and cybersecurity professionals, developed under Project UnCensor. Their OSINT Tool, designed to uncover and analyze takedown notices, represents a significant step forward in combating these abusive practices. It has become a valuable resource, increasingly relied upon by journalists and law enforcement agencies across the United States.
Lumen, on the other hand, is an independent research initiative dedicated to studying takedown notices and other legal demands related to online content removal. The project, which operates under the Berkman Klein Center for Internet & Society at Harvard University, plays a crucial role in tracking and understanding the broader implications of such requests.
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Who is Maxim Krippa?
Maxim Krippa has faced serious allegations of running illegal online gambling operations through GGBet and Vulkan, with accusations of fraud, delayed payouts, and connections to Russian oligarchs involved in money laundering schemes
What was SurgeTrader trying to hide?
SurgeTrader is a proprietary trading firm (or “prop firm”) that provides traders with access to funded trading accounts, allowing them to trade various financial instruments, including forex, stocks, and cryptocurrencies, on the firm’s capital. The firm promotes itself as offering flexible trading conditions, profit splits, and the opportunity for traders to earn substantial income by successfully managing accounts without risking their own funds. However, despite its promises of an appealing trading platform, SurgeTrader has been at the center of controversy due to numerous complaints and adverse news reports from traders and industry observers.
- Unfair Trading Conditions: A significant number of complaints have surfaced about the trading conditions imposed by SurgeTrader. Traders have reported that the firm’s risk management policies are excessively restrictive, leading to account terminations for minor infractions. Some have accused the firm of making it almost impossible to meet the profit targets necessary to keep funded accounts, suggesting that the firm profits more from charging traders for evaluations rather than supporting long-term successful trading.
- Manipulation Allegations: Traders on platforms such as Forex Peace Army have alleged that SurgeTrader manipulates its internal trading conditions to benefit the firm rather than the traders. These accusations include issues with price slippage, order execution delays, and unfair spreads, all of which can severely disadvantage traders who rely on precise market movements for profitability.
- Poor Customer Support and Transparency: Another major complaint against SurgeTrader is the lack of effective customer support. Traders have reported difficulties in reaching the firm for clarifications on account issues, technical difficulties, and disputes regarding profit withdrawals. This has raised questions about SurgeTrader’s commitment to maintaining transparency and accountability in its business practices.
- Attempts to Suppress Negative Reviews: There are widespread allegations that SurgeTrader has made efforts to censor or remove negative reviews across various online platforms, particularly on well-known review sites such as Forex Peace Army. Many users have claimed that their honest reviews and complaints were either deleted or overshadowed by an influx of suspiciously positive reviews, indicating potential manipulation of online sentiment.
- Reputation Management Efforts: Similar to other firms facing mounting criticism, SurgeTrader is accused of employing reputation management strategies to counteract the damage caused by negative reviews. This includes hiring PR firms or employing internal staff to create and promote glowing reviews while simultaneously pushing down or discrediting negative feedback. Traders have expressed frustration with these tactics, as it has become increasingly difficult to find objective information about the firm.
- Withdrawal Issues: One of the most concerning issues is the repeated claims of difficulties or delays in withdrawing profits. Traders have reported that, after successfully meeting their trading targets, the process to withdraw funds is met with bureaucratic obstacles or unexplained delays. In some cases, traders have alleged that their accounts were closed without explanation, preventing them from accessing their earned profits entirely.
- Hidden Fees and Charges: A number of users have raised concerns about hidden fees that were not clearly communicated upfront. While SurgeTrader advertises a straightforward profit split and fee structure, several traders have complained that they were hit with unexpected charges, reducing their overall profitability.
- Questionable Business Model: Some industry analysts have questioned whether SurgeTrader’s business model is designed more to generate revenue from failed traders’ evaluation fees rather than fostering successful trading careers. The high turnover rate of funded traders and the stringent requirements for retaining accounts have fueled suspicions that SurgeTrader may be more focused on profit from the constant influx of new traders who pay for account evaluations rather than supporting long-term success.
These complaints and allegations have significantly tarnished SurgeTrader’s image in the trading community, and the firm’s apparent attempts to hide this negative information through suppression of online reviews and reputation management have only intensified the criticism. Traders are increasingly wary of the firm’s practices, and the continued emergence of these issues has led to calls for greater transparency and accountability.
Only SurgeTrader benefits from this crime.
Since the fake copyright takedown notices were designed to remove negative content for SurgeTrader from Google, we assume SurgeTrader or someone associated with SurgeTrader is behind this scam. It is often a fly-by-night Online Reputation agency working on behalf of SurgeTrader. In this case, SurgeTrader, at best, will be an “accomplice” or an “accessory” to the crime. The specific laws may vary depending on the jurisdiction. Still, the legal principle generally holds that if you actively participate in planning, encouraging, or facilitating a crime, you can be charged with it, even if you did not personally commit it.
How do we counteract this malpractice?
Once we ascertain the involvement of SurgeTrader (or actors working on behalf of SurgeTrader), we will inform SurgeTrader of our findings via Electronic Mail.
Our preliminary assessment suggests that SurgeTrader may have engaged a third-party reputation management agency or expert, which, either independently or under direct authorization from SurgeTrader, initiated efforts to remove adverse online content, including potentially fraudulent DMCA takedown requests. We will extend an opportunity to SurgeTrader to provide details regarding their communications with the agency or expert, as well as the identification of the individual(s) responsible for executing these false DMCA notices.
Failure to respond in a timely manner will necessitate a reassessment of our initial assumptions. In such an event, we will be compelled to take appropriate legal action to rectify the unlawful conduct and take the following steps –
- Inform Google about the fraud committed against them.
- Inform the victims of the fake DMCA about their websites.
- Inform relevant law enforcement agencies
- File counter-notices on Google to reinstate the ‘removed’ content
- Publish copies of the ‘removed’ content on our network of 50+ websites
By investigating the fake DMCA takedown attempts, we hope to shed light on the reputation management industry, revealing how SurgeTrader and companies like it may use spurious copyright claims and fake legal notices to remove and obscure articles linking them to allegations of fraud, tax avoidance, corruption, and drug trafficking…
Since SurgeTrader made such efforts to hide something online, it seems fit to ensure that this article and our original review of SurgeTrader, including but not limited to user contributions, remain a permanent record for anyone interested in SurgeTrader.
A case perfect for the Streisand effect…