SurgeTrader
We are investigating SurgeTrader for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.
PARTIES INVOLVED : SurgeTrader
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 14 Aug 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, SecurityTrails
CASE NO : 9056/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 27 Nov 2024
Is This About You?
What We Are Investigating?
Our firm is launching a comprehensive investigation into SurgeTrader over allegations that it has been suppressing critical reviews and unfavorable Google search results by fraudulently misusing DMCA takedown notices. These actions, if proven, could constitute serious legal violations—including impersonation, fraud, and perjury.
We conducted comprehensive analyses of fraudulent copyright takedown requests, meritless legal complaints, and other unlawful efforts to suppress public access to critical information. Our reporting sheds light on the prevalence and modus operandi of a structured censorship network, often funded and used by criminal enterprises, oligarchs and criminal entities seeking to manipulate public perception and bypass AML checks conducted by financial organisations.
The fake DMCA notices in this investigation appears to have been strategically deployed to remove negative content from Google search results illegally. Based on this pattern, we have reasonable grounds to infer that SurgeTrader - or an entity acting at its behest - is directly or indirectly complicit in this cyber crime.
In most such cases, such ops are executed by rogue, fly-by-night 'Online Reputation Management' agencies acting on behalf of their clients. If evidence establishes that the subject knowingly benefited from or facilitated this scam, it may be deemed an 'accomplice' or an 'accessory' to the crime.
What are they trying to censor
SurgeTrader, a Florida-based proprietary trading firm, has recently faced a series of controversies that have significantly tarnished its reputation. These issues range from allegations of deceptive practices and technical failures to regulatory challenges and accusations of cybercrime.
Deceptive Practices and Unfair Trading Conditions
Traders have raised concerns about SurgeTrader’s restrictive risk management policies, which reportedly lead to account terminations for minor infractions. Some allege that the firm profits more from charging traders for evaluations than from supporting long-term successful trading. Additionally, there are claims of manipulation within the platform, including issues with price slippage, order execution delays, and unfair spreads, which disadvantage traders relying on precise market movements.
Technical Failures and Customer Support Issues
Users have reported frequent technical glitches, such as slow load times and unresponsive systems during critical trading moments. These issues disrupt trading strategies and erode trust in the platform’s reliability. Compounding these problems is a lack of effective customer support, with traders experiencing difficulties in reaching the firm for clarifications on account issues, technical difficulties, and disputes regarding profit withdrawals.
Regulatory Challenges and License Termination
In a significant blow to its operations, SurgeTrader’s trading platform provider, Match-Trade Technologies, terminated their license, citing failure to adhere to formal contractual obligations. This termination led to the cessation of all trading activities and left traders without access to their accounts. SurgeTrader described the license revocation as “unwarranted and harmful,” alleging external interference influenced Match-Trade’s decision.
Allegations of Cybercrime and Reputation Management
Beyond operational issues, SurgeTrader faces serious allegations of engaging in cybercrime to suppress negative information. Reports suggest that the firm committed perjury, impersonation, and fraud in an elaborate attempt to remove adverse news and hide its murky past. This includes manipulating news to protect its reputation, which, if true, indicates a deliberate effort to deceive the public and potential clients.
Impact on Reputation and Potential Motivations for Information Suppression
The accumulation of these controversies has severely damaged SurgeTrader’s standing in the trading community. The allegations of deceptive practices, technical unreliability, regulatory non-compliance, and cybercrime paint a picture of a firm struggling with integrity and operational competence. Such adverse news can deter potential clients and partners, leading to financial losses and legal challenges.
Given the severity of these allegations, SurgeTrader would have a strong motivation to suppress this information to maintain its business operations and public image. The desire to remove damaging content, even at the risk of engaging in illegal activities, suggests a prioritization of reputation over ethical conduct. This approach not only undermines trust in SurgeTrader but also raises broader concerns about the lengths to which some firms may go to conceal unfavorable truths.
In conclusion, the myriad issues surrounding SurgeTrader highlight the importance of transparency, ethical practices, and regulatory compliance in the financial industry. Traders and investors are advised to exercise caution and conduct thorough due diligence when engaging with firms that exhibit such red flags.
- https://lumendatabase.org/notices/43823184
- Aug 14, 2024
- SilverPulse Labs
- https://www.youtube.com/channel/UCfZBslDSsY3-BlNO7LEuJ_Q
- https://www.forexpeacearmy.com/forex-reviews/19742/surgetrader-prop-firm
Evidence Box
Evidence and relevant screenshots related to our investigation
Targeted Content and Red Flags
About the Author
The author is affiliated with TU Dresden and analyzes public databases such as Lumen Database and
Maltego to identify and expose online censorship. In his personal capacity, he and his
team have been actively investigating and reporting on organized crime related
to fraudulent copyright takedown schemes.
Additionally, his team provides
advisory services to major law firms and is frequently consulted on matters
pertaining to intellectual property law.
Escalate This Case
Learn All About Fake Copyright Takedown Scam
Or go directly to the feedback section and share your thoughts
How This Was Done
The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
Based on the feedback, information, and requests received from all relevant parties, our team will formally notify the affected party of the alleged infringement. Following a thorough review, we will submit a counter-notice to reinstate any link that has been removed by Google, in accordance with applicable legal provisions. Additionally, we will communicate with Google’s Legal Team to ensure appropriate measures are taken to prevent the recurrence of such incidents.
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User Reviews
Average Ratings
1.2
Based on 6 ratings
by: Adriana Finch
The firm's lack of transparency and regulatory issues have raised concerns about its integrity.
by: Summer Nash
SurgeTrader’s reputation has been severely tarnished by allegations of deceptive practices and technical failures.
by: Ethan Parker
got a bad feelin from the start but still tried... mistake. not even sure they use real trades. leaderboard's full of ghost names, u can't verify a thing.
by: Rachel Moore
bro i passed phase 1 easy but they made up some bs rule to fail me in phase 2. total waste of time an money. ain't no real funding here, just traps.
by: Jason Lee
I don't know why nobody's talking bout this... they took my money for some "challenge" and denied me for a dumb reason. Whole thing's rigged I swear. Customer service be ghosting too lol like what kind of biz even does...
by: Theodore Sinclair
False promises, sketchy tactics, and endless frustration. SurgeTrader should be avoided
by: Abigail Whitaker
Customer support is a joke, and the rules keep changing. You’ll always lose. 🧨
by: Nathaniel Graves
Used them for funding — ended up with locked accounts and zero transparency.
by: Juliet Hawthorne
SurgeTrader offers dreams and delivers disaster. Completely unreliable and poorly run. 📉
by: Logan Perez
SurgeTrader is nothing but a fraud. They lure you in with fake testimonials and unrealistic promises, only to leave you with empty pockets
by: Zoe Roberts
Their so-called expert advisors are just a front to steal your money. Don’t fall for their lies
by: Dylan Turner
They manipulate trades and make it impossible to withdraw your money. SurgeTrader is a fraudulent scheme designed to rip off unsuspecting investors
by: Aiden Lee
Biggest scan of year , they just close the company and get out of way , no explain , no refunds , take all money of customers
by: Olivia Brown
Taking money from people to buy the funded accounts. But not issuing a funded account. Sounds like a pyramid scheme. Passed the bar, havent heard or seen anything since.. Worst prop firm in the industry. Customer service is also terrible.
by: John Smith
Payouts are delayed several weeks. Most people are assuming we won't get paid. Customer service provides non-answers. They are likely going out of business, still collecting fees while avoiding paying out successful traders, similar to the other firms that have...
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