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Smart Prop Trader


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Overview of Smart Prop Trader Forex Prop Firm

TheTrustedProp
Date: May 11, 2024

Smart Prop Trader, a prominent name in the world of trading, has been making waves since its establishment in 2022. Founded as Smart Prop Trader LLC and led by CEO Blake Olson, this company has quickly become a go-to choice for traders looking to take their skills to the next level. In this article, we'll delve into the details of Smart Prop Trader and explore the challenges and opportunities it offers to traders.

Company Details

Smart Prop Trader operates under the legal name Smart Prop Trader LLC and is registered at 5830 E. 2nd Street, Casper, WY 82609. This level of transparency and legality instills trust in traders, making it a reliable option.

The Challenge Program

Smart Prop Trader presents a unique challenge program that sets it apart from the competition. This program is divided into three steps, each with its own set of parameters and opportunities.

Step 1: The Challenge

In the first step, known as "The Challenge," traders are given a virtual trading period with no minimum trading days required. The maximum trading leverage offered is 1:100, with a daily maximum loss limit of 4% and an overall maximum loss cap of 8%. The profit target for this step is set at 7%, offering traders an enticing opportunity to showcase their skills.

Step 2: Verification

Step 2, titled "Verification," follows with similar parameters. Traders still enjoy an unlimited virtual trading period and a 1:100 leverage ratio. The maximum daily loss and maximum loss remain at 4% and 8%, respectively, but the profit target is adjusted to 5%. This step ensures consistent performance.

Step 3: Trader

In the final step, known as "Trader," traders enter an indefinite virtual trading period with flexible minimum trading days. The 1:100 leverage is maintained, and there are no daily loss limits or profit targets. This step allows experienced traders to operate with greater freedom.

Account Sizes

Smart Prop Trader offers a range of account sizes to accommodate different trading styles and preferences. Traders can choose from account sizes starting at $10,000 and going up to $200,000. This flexibility ensures that traders can find an option that suits their needs.

Key Highlights

Smart Prop Trader stands out in the industry for several reasons:

  • Your Virtual Account: Traders can hold positions over the weekend and trade during macroeconomic news releases without restrictions.
  • Scaling Plan: The company offers a unique Scaling Plan, where the balance of your Smart Prop Trader Virtual Account increases by 25% every 3 months if you maintain consistency and profitability. Additionally, the maximum drawdown is increased by 2% every 3 months.
  • Free Account: Traders can try the process for free with a shortened version of the Smart Prop Trader Challenge, allowing them to practice trading under similar conditions.
  • Our Values: Smart Prop Trader is committed to supporting traders on their journey to success, with a focus on transparency, education, and customer support.

 

In conclusion, Smart Prop Trader offers a comprehensive platform for traders of all levels, backed by transparency, flexibility, and a commitment to trader success. Whether you're a beginner looking to practice or an experienced trader seeking growth, Smart Prop Trader has something to offer.

FAQs

If you meet the conditions of the Scaling Plan, your Smart Prop Trader Virtual Account's balance will increase by 25% every 3 months, and the payout ratio will automatically change to 90/10. This plan is contingent upon earning a minimum of 2% each month for 3 months.

Yes, Smart Prop Trader Challenge and Virtual Funded Accounts can trade during news releases without restrictions. However, traders should exercise caution when trading during such events.

No, Smart Prop Trader does not have restrictions for holding positions overnight or over the weekend. Traders are free to manage their positions as they see fit.

The Free Virtual Account is designed for new traders to practice their skills and assess their ability to follow trading rules. Success in the Free Virtual Account increases the chances of progressing to the full Smart Prop Trader Challenge.

This term refers to trading practices that align with the functioning of a real market, without engaging in practices that disrupt or misuse the Evaluation Process.

Smart Prop Trader's commitment to providing traders with the best conditions, virtual leverage, and support sets it apart. The company's goal is to simplify trading for all its traders, ensuring their success.

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Smart Prop Trader


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