
Forex Prop Firm
Details About Smart Prop Trader
- Legal Name of Smart Prop Trader: The legal name of Smart Prop Trader is Smart Prop Trader LLC.
- Company Number of Smart Prop Trader: The registration number of Smart Prop Trader is 2022-001073576.
- Country of Registration of Smart Prop Trader: Smart Prop Trader is registered in US.
- CEO of Smart Prop Trader: The CEO of Smart Prop Trader is Blake Olson.
- Support Mail of Smart Prop Trader: You can contact Smart Prop Trader at [email protected].
- Phone of Smart Prop Trader: The phone number for Smart Prop Trader is not publicly available.
- Payment Modes of Smart Prop Trader: Smart Prop Trader supports payments via Crypto, Credit/Debit Card.
- Withdrawal Modes of Smart Prop Trader: Smart Prop Trader facilitates withdrawals through Wire Transfer/ Bank Transfer, Crypto.
- Official Website of Smart Prop Trader: Visit the official website of Smart Prop Trader at https://www.smartproptrader.com.
- Banned Countries of Smart Prop Trader: Smart Prop Trader does not allow traders from undisclosed countries.
Challenge Details at Smart Prop Trader
- Types of Challenge of Smart Prop Trader:The challenges offered at Smart Prop Trader include One Phase Challenge, Two Phase Challenge.
- Trading Platforms of Smart Prop Trader:Smart Prop Trader supports trading on Metatrader, MatchTrader, cTrader, DXTrade.
- Trading Instruments of Smart Prop Trader:Traders at Smart Prop Trader can trade Forex, Futures, Indices, Commodities, Crypto.
- Broker:The broker associated with Smart Prop Trader is Eightcap.
- Max Allocation of Smart Prop Trader:The maximum allocation provided by Smart Prop Trader is 100,000.
- Scaling of Smart Prop Trader:The scaling potential at Smart Prop Trader reaches up to 800,000.
- Trading Competitions of Smart Prop Trader:Smart Prop Trader does not organize trading competitions for traders.
- Free Trials of Smart Prop Trader:Smart Prop Trader does not offer free trials to its users.
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.
Smart Prop Trader Challenge Account Pricing
Standard Challenge
Pricing
Size: $5000 ($57)
Size: $10000 ($97)
Size: $25000 ($197)
Size: $50000 ($297)
Size: $100000 ($497)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
8%%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
7%-5%
Daily Loss
4%
Pro Challenge
Pricing
Size: $5000 ($67)
Size: $10000 ($117)
Size: $25000 ($237)
Size: $50000 ($357)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
12%%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
8%-5%
Daily Loss
5%
Frequently Asked Questions
Reviews

I had an overall great experience with SPT. Good customer service, almost instant credentials delivery, 12 days to payout, maximum drawdown increases as you scale up. Also no much dramas around the firm, just professional workings
Nelson Uche
Web Traffic Data
Web Traffic
Total Overview
Pages per visit
23,717
Total Visits
1.957
Global Rank
1,134,927
Country Rank
300,667
Traffic Source
Spending on vaarious categories
Social
Paid Referral
Referrals
Search
Direct
Sales By Countries
Monthly Sales Overview