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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.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.
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Smart Prop Trader

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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

Standard Challenge Price Card Bar

Pricing

Size: $5000 ($57)

Size: $10000 ($97)

Size: $25000 ($197)

Size: $50000 ($297)

Size: $100000 ($497)

Standard Challenge Left Icon

Features

Standard Challenge Right Icon

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

Pro Challenge Price Card Bar

Pricing

Size: $5000 ($67)

Size: $10000 ($117)

Size: $25000 ($237)

Size: $50000 ($357)

Pro Challenge Left Icon

Features

Pro Challenge Right Icon

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

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

Nelson Uche

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23,717

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1.957

Global Rank

1,134,927

Country Rank

300,667

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