Company Information

• Company Name: Smart Prop Trader
• Company Legal Name: Smart Prop Trader LLC
• Company Registration No.: 2022-001073576
• Operating Since: August 2023
• CEO Name: Blake Olson

Challenge Details

Smart Prop Trader provides two distinct challenge types: Standard and Pro. These challenges are tailored to test and enhance your trading skills while giving you access to substantial funded accounts.

Standard Details

Pricing:

• $5,000 Account: $57
• $10,000 Account: $97
• $25,000 Account: $197
• $50,000 Account: $297
• $100,000 Account: $497

Rules:

• Profit Target (Phase 1): 7%
• Profit Target (Phase 2): 5%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 75%
• Drawdown Type: Static Balanced Based Drawdown
• Time Limit: Unlimited
• Leverage: 1:100
• Max Lot Size: No limit
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

Pro Details

Pricing:

• $5,000 Account: $67
• $10,000 Account: $117
• $25,000 Account: $237
• $50,000 Account: $357

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 12%
• Daily Loss: 5%
• Profit Share: 75%
• Drawdown Type: Static Balanced Based Drawdown
• Time Limit: Unlimited
• Leverage: 1:100
• Max Lot Size: No limit
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

Scaling Plan

Smart Prop Trader offers a Scaling Plan which allow traders to scale their account up to $800K.

• Eligibility Criteria:
  • Make at least 2% monthly profit for 3 consecutive months.
  • After that contact customer support for approval of scaling plan.
• Profit Split Scaling: Starts at 75/25 and increases in 5% increments (e.g., 80/20, 85/15) based on performance milestones.
• Maximum Profit Split: Up to 95/5.

This plan rewards diligent traders, ensuring their efforts lead to long-term growth.

Spreads and News Trading Rules

Spreads:

Smart Prop Trader has not mentioned any information related to applied spreads on their trading platforms.

News Trading Rules:

Smart Prop Trader has not mentioned any information related to news trading on their website.

Other Important Rules

Daily Drawdown Calculation

Smart Prop Trader calculated Daily drawdown based on higher value between balance and equity at the start of the day at 5 PM EST each day. The drawdown type used here was Equity based drawdown which means the drawdown limit will increase or decrease as the account balance grows or shrinks.

Countries Banned from Purchasing

Smart Prop Trader has not mentioned any list of what countries are restricted to join their platform on their website.

Prohibited Trading Strategies

To make a fair trading environment, Smart Prop Trader does not allow traders to use these strategies :- 

• Martingale Trading
• Reverse Trading
• High-Frequency Trading
• Grid Trading
• Latency Arbitrage Trading
• Exploitation of a demo environment
• Account sharing

Payout Methods

Smart Prop Traders provide payouts through Rise.

Trading Commissions

Trading Commissions charged by Smart Prop Trader are :

• Forex & Metals: $6 per lot
• Commodities, Indices, and Crypto: $0 per lot

IP Rule

Smart Prop Trader allow traders to trade with their one unique IP Address. Traders who are travelling are allowed to use multiple IP Addresses but traders will have to provide proof for verfication.