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Smart Prop Trader

Details About Smart Prop Trader

Legal Name: Smart Prop Trader LLC
Company Number: 2022-001073576
Country of Registeration: USUS
CEO: Blake Olson
Support Mail: [email protected]
Phone: Not available
Payment Modes: Crypto, Credit/Debit Card
Withdrawal Methods: Wire Transfer/ Bank Transfer, Crypto
Website: https://www.smartproptrader.com
Banned Countries:

Challenge Details at Smart Prop Trader

Types of Challenges: One Phase Challenge, Two Phase Challenge
Trading Platforms: Metatrader, MatchTrader, cTrader, DXTrade
Trading Instruments: Forex, Futures, Indices, Commodities, Crypto
Broker: Eightcap
Max Allocation: $100,000
Scaling: $800,000
Trading Competitions: Does not organize Trading Competitions
Free Trials: Does not offer free Trials
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About Smart Prop Trader

Smart Prop Trader is a prop firm that operates within specific guidelines to optimize trading performance and maximize potential profits. The firm was registered on 25 January, 2022 and can be contacted via their official email address at [email protected]. Traders at Smart Prop Trader can participate in the Two Phase Challenge, which covers Forex, Crypto, and CFDs asset classes, and use popular trading platforms such as MT4 and MT5.

The Two Phase Challenge consists of two evaluation phases with no specified time limits. Traders must adhere to certain rules and conditions set by Smart Prop Trader. The maximum drawdown allowed is 4% per day and 8% in total. Traders receive a payout split of 80/20, with 80% of profits going to the trader and 20% to the firm. The minimum trading period required is just one day, allowing for short-term trades. In Phase 1, traders aim for a target of 7% profit, and in Phase 2, the target is adjusted to 5%.

Smart Prop Trader offers funding capital options, including $200,000, with instant funding available. The maximum allocation for funded accounts is $400,000, which can be increased to $2.5 million after scaling.

Traders who meet the conditions of the Scaling Plan at Smart Prop Trader can enjoy additional benefits. Every three months, the balance of the Smart Prop Trader account is increased by 25%, and the payout ratio changes to an impressive 90/10, with the trader receiving 90% of the profits. Traders can choose to keep their profit split on the account to grow their balance and build up their drawdown buffer. The SPT account can scale up to $2.5 million, and the maximum drawdown is increased by 2% every three months, up to a maximum of 28%.

Smart Prop Trader allows hedging and the use of Expert Advisors (EA), but High-Frequency Trading (HFT) and copy trading are not permitted. Customer support is available through Discord, Live Chat, and Twitter. The firm offers free trials and organizes competitions. Traders from Russia are banned from participating in Smart Prop Trader’s programs. Demo and spreads check can be performed on the EightcapLtd-Demo2 server using the provided login credentials.