Introduction to Smart Prop Trader
Smart Prop Trader is a prop trading firm that offers forex funding and trading opportunities for aspiring traders. With a focus on simplicity and flexibility, Smart Prop Trader provides a clear path for traders to advance and qualify for fully funded accounts. Traders can start with a challenge that has no minimum or maximum trading days, allowing them to progress at their own pace. Once the trading objectives are completed, traders are upgraded to fully virtual funded accounts. The firm offers competitive spreads, commission payouts, and leverage of up to 1:100 for simulated forex instruments. Smart Prop Trader also implements a profit split program, allowing traders to earn up to a 90% profit split as they trade consistently and responsibly. With no minimum trading days and quick processing times, Smart Prop Trader provides a supportive environment for traders to develop their skills and potentially access significant funding opportunities.
Pros
- ✓ High Trust Pilot Score
- ✓ Over 2,500 Trust Pilot Reviews
- ✓ Scaling up to $400,000
- ✓ EAs Allowed
- ✓ Bi-Weekly Payouts
Cons
- ✗ 2-Step Challenge Only
- ✗ Limited Live Chat Support
| Firm Details | |
|---|---|
| Year Founded | 2022 |
| Maximum Balance | $400,000 |
| Tradeable Assets | Forex, Crypto, Metals, Indices |
| Challenge Type | Two-Step Evaluation |
| Trading Platforms | MT4, MT5 |
| Trading Hours | Holding Overnight, Holding Over Weekend |
| Copy Trading | ✅ |
| News Trading | ✅ |
| EAs | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 |
| Trust Pilot Reviews | 2,186 |
| Payment Types | Wise, Crypto |
Challenges Options
Smart Prop Trader offers traders a series of challenges to join their prop trading firm. The challenges have no time restrictions and traders can progress at their own pace. There are different trading objectives based on desired account sizes ranging from $10,000 to $200,000. Traders must meet profit targets and exhibit consistent performance to advance. There are no minimum trading days required for the challenges. The firm provides leverage of up to 1:100 for simulated forex instruments. Maximum daily loss limits are fixed based on the initial account balance. Traders who demonstrate responsible and consistent trading can qualify for profit splits and account scaling. Overall, Smart Prop Trader’s challenges provide traders with an opportunity to showcase their skills, progress through the phases, and potentially earn profit splits with virtual account scaling.
| Two Step Rules | |
|---|---|
| Profit Target Step 1 | 7% |
| Profit Target Step 2 | 5% |
| Max Daily Loss | 4% |
| Max Daily Drawdown | ❌ |
| Max Loss | 8% |
| Max Drawdown | ❌ |
| Min Trading Days Step 1 | ❌ |
| Min Trading Days Step 2 | ❌ |
| Max Trading Days Step 1 | ❌ |
| Max Trading Days Step 2 | ❌ |
| Profit Split | up to 90% |
Challenge Pricing
| Account Size | 1 Step | 2 Step |
|---|---|---|
| $10,000 | ❌ | $97 |
| $25,000 | ❌ | $197 |
| $50,000 | ❌ | $297 |
| $100,000 | ❌ | $497 |
| $200,000 | ❌ | $997 |
At WhichFunded, we advocate for the best trading experiences, and SmartPropTrader embodies excellence in every aspect. Choose SmartPropTrader for a seamless journey into the world of funded trading. With a proven track record of success, their platform offers cutting-edge technology, robust risk management, and unparalleled support. Gain access to diverse markets and top-tier liquidity, empowering you to thrive as a trader. SmartPropTrader prioritizes your growth, providing extensive resources, mentorship, and a collaborative community of like-minded individuals. Make the smart choice by joining SmartPropTrader – where expertise meets innovation, ensuring your trading ambitions are not just met, but exceeded. Elevate your trading career with a platform designed for your success.
Introduction To Smart Prop Trader Funded Program:
Smart Prop Trader is a funded trading program that offers traders an opportunity to showcase their skills in the financial markets and earn profits while trading with the company’s capital. In this review, we will explore the features, benefits, and overall experience of participating in the Smart Prop Trader program.
Here are the main things you should know about “Smart Prop Trader Funded Program”
# 1 Flexible Trading Objectives
# 2 Leverage and Risk Management
#3 Profit Split and Drawdown
#4 Account Reset and Growth
#5 Payouts and Support
User-Friendly Interface and Simple Process at Smart Prop Trader:
Smart Prop Trader provides a user-friendly interface that allows traders to easily navigate through the platform. The process of getting started is straightforward, consisting of three simple steps: Challenge, Verification, and becoming a fully funded trader. The program keeps the challenge phases flexible, allowing traders to progress at their own pace.
Flexible Trading Objectives and No Minimum Trading Days:
One notable advantage of Smart Prop Trader is the absence of minimum trading days. Traders can pass through the challenge phases and move forward as quickly as they achieve the profit targets. This flexibility gives traders the freedom to adapt their trading strategies without being bound by rigid time constraints. Additionally, the program offers trading objectives at different levels, ranging from $10,000 to $200,000, catering to traders with diverse experience and capital requirements.
Leverage and Risk Management:
Smart Prop Trader provides a maximum leverage of 1:100 for forex instruments, allowing traders to amplify their trading positions. However, it’s important to note that the program implements risk management measures to protect both the trader and the company. There are fixed maximum daily loss limits, which are subtracted from the equity or balance, ensuring traders can manage their risk effectively.
Smart Prop Trader’s Profit Split and Scaling Plan:
Traders who successfully become fully funded Smart Prop Traders can benefit from a profit split arrangement. The default payout ratio is set at 85:15, with the trader receiving 85% of the profits. However, the program offers an enticing Scaling Plan, where the trader’s account balance is increased by 25% every three months if they maintain consistency and profitability. Additionally, the trader’s maximum draw is increased by 2% every three months, providing opportunities for account growth.
Smart Prop Trader Funded Program’s Support and Community:
Smart Prop Trader offers a supportive community through its Discord channel, allowing traders to connect, share insights, and seek guidance from fellow participants. The program also provides customer support to address any queries or concerns traders may have, ensuring a smooth trading experience.
Conclusion:
Smart Prop Trader is an appealing funded trading program that offers traders an opportunity to trade with the company’s capital, benefiting from flexible trading objectives, no minimum trading days, and a profit split arrangement. With its user-friendly interface, risk management measures, and the potential for account growth through the Scaling Plan, Smart Prop Trader presents itself as a smart choice for traders looking to showcase their skills and earn profits in the financial markets.
