Smart Prop Trader Review
Smart Prop Trader is a proprietary trading firm officially registered as Smart Prop Trader LLC, established in July 2022. Based in Texas, United States, the firm is led by CEO Blake Olson. Smart Prop Trader offers traders the choice between two two-step evaluations, with ThinkMarkets serving as their partnering broker.
- Platforms for Prop Trading: Match Trader, cTrader, TradingView
- Participation cost: from $32 to $392
- Available capital for management: from $5,000 to $100,000
- Leverage Available up to 1:100
- Two Distinct Investment Programs
- No Restrictions on Minimum or Maximum Trading Days
- 12% Maximum Drawdown Limit on Pro Challenge
- Growth Strategy Plan
- Scalable Drawdown Limits
- Initial Earnings Disbursement After 12 Days
- Payments Every Two Weeks
- Profit Distribution Ranging from 75% to 95%
- Permission for Overnight and Weekend Trading
- News Trading Permitted
Go to the Smart Prop Trader website >>>
Expert Advisors Suitable for this Prop Firm:
Smart Prop Trader Funding Programs
Smart Prop Trader is committed to fostering successful trading careers by offering traders optimal agreements and expert guidance. With well-established best practices and beneficial deals, they invite traders globally to leverage their expertise and opportunities. Traders can earn significant profits with the flexibility to manage accounts up to $100,000 and enjoy profit shares of up to 90%. These earnings are achievable through trading a diverse range of financial instruments such as forex pairs, commodities, indices, and cryptocurrencies.
Pro Challenge Smart Prop Trader Program
Smart Prop Trader rules:
Profit Target – Traders are required to meet specific profit targets to successfully complete an evaluation phase, withdraw earnings, or scale their trading accounts. In Phase 1, the profit target is set at 8%, while in Phase 2, traders must achieve a 5% profit. Funded accounts do not have pre-defined profit targets.
Maximum Daily Loss – There is a cap on the amount a trader can lose in a single trading day without violating the account's terms. This limit is set at 5% for all account sizes.
Maximum Loss – Traders are also bound by an overall loss limit, beyond which their account would be considered breached. This limit is set at 12% for all accounts but can be scaled up to 28% under certain conditions.
No Martingale – The use of any martingale strategies during trading is strictly forbidden, ensuring traders adhere to risk management practices that do not rely on potentially risky betting strategies.
Participation cost:
- $5,000 - $67
- $10,000 - $117
- $25,000 - $237
- $50,000 - $357
Smart Prop Trader's Pro Challenge offers traders the chance to manage accounts ranging from $5,000 to $50,000, designed to identify and cultivate talented traders who demonstrate profitability and effective risk management. This challenge features a two-step evaluation period and allows trading with up to 1:30 leverage.
- Evaluation Phase One involves reaching a profit target of 8% without exceeding a 5% maximum daily loss or a 12% total maximum loss. There are no restrictions on the number of trading days during this phase. To advance to the next phase, traders need only meet the 8% profit target without violating the daily or overall loss limits.
- Evaluation Phase Two requires traders to achieve a 5% profit target while adhering to the same loss limits: a 5% maximum daily and a 12% overall maximum loss. Similar to the first phase, there are no minimum or maximum trading day requirements. Progression to a funded account requires hitting the 5% profit target without breaching the set loss limits.
Upon successful completion of both evaluation phases, traders are granted a funded account. This account maintains the 5% daily and 12% total loss limits, but imposes no minimum withdrawal restrictions. The first payout occurs 12 calendar days after the initial trade is placed in the funded account, with subsequent withdrawals possible every two weeks. Profit shares range from 75% to 95%, depending on the profitability of the funded account.
The Pro Challenge at Smart Prop Trader includes a scaling plan designed to reward consistent performance. To qualify for scaling, a trader must consistently achieve a return of at least 2% each month for three consecutive months. Once this criterion is met, the trader becomes eligible for several benefits:
Account Size Increase: The trader's account size is boosted by 25% of the initial balance. For example, if starting with a $50,000 account, after meeting the scaling criteria for three months, the account increases to $62,500.
Maximum Loss Increase: The maximum allowable loss limit is also increased by 2%, up to a total of 28%. This allows for slightly greater flexibility in managing trading risks.
Profit Split Increase: Upon the first successful scaling, the profit split offered to the trader increases to 90%.
Scaling Progression Example:
- After 3 Months: A starting account of $50,000, once qualified, scales up to $62,500.
- After the Next 3 Months: If the trader continues to meet the profit targets, the now $62,500 account escalates to $75,000.
- After Another 3 Months: Sustaining consistent profitability, the $75,000 account further increases to $87,500.
- Continuing Forward: This pattern continues, with each successful three-month period resulting in a further 25% increase in account size, as long as the performance criteria are maintained.
Standard Challenge Smart Prop Trader Program
Smart Prop Trader rules:
Profit Target – Traders are required to hit a specific profit percentage to complete an evaluation phase successfully, withdraw earnings, or scale their trading account. The profit target is 7% for Phase 1 and 5% for Phase 2. Funded accounts are not subject to predetermined profit targets.
Maximum Daily Loss – Traders are limited to a maximum loss of 4% in any single trading day to avoid breaching their account, applicable across all account sizes.
Maximum Loss – There is an overarching limit on losses set at 8% of the account balance, applicable to all accounts, which can be scaled up to 28%.
No Martingale – The use of any martingale strategies during trading is strictly prohibited.
Participation cost:
- $5,000 - $57
- $10,000 - $97
- $25,000 - $197
- $50,000 - $297
- $100,000 - $497
Smart Prop Trader's Standard Challenge offers traders the chance to handle account sizes from $5,000 to $100,000, aiming to spot proficient traders who can consistently generate profits and effectively manage risks. This challenge is structured around a two-step evaluation process, with a leverage cap of 1:30.
- Phase One of the evaluation requires traders to achieve a 7% profit target while adhering to a 4% maximum daily loss and an 8% overall maximum loss limit. Importantly, there are no specific trading day requirements in this phase. Advancement to the second phase hinges solely on meeting the 7% profit goal without violating the daily or overall loss limits.
- Phase Two continues under similar rules, where traders must reach a 5% profit target without exceeding the set loss limits. Like the first phase, there are no trading day constraints. Successful completion of this phase and adherence to the loss limits results in eligibility for a funded account.
Upon clearing both phases, traders qualify for a funded account, which maintains the same loss parameters but imposes no minimum withdrawal limits. The initial payout occurs 12 calendar days after the first trade is executed in the funded account, with subsequent withdrawals available bi-weekly. Profit shares range from 75% to 95%, depending on the account's profitability.
The Standard Challenge at Smart Prop Trader includes a scaling plan designed to reward consistent profitability. To qualify for an increase in account size, a trader must maintain a profit of at least 2% each month over a three-month period. Upon meeting these criteria, the trader's account size is increased by 25% of the initial balance, and the maximum loss limit may be extended up to 28%.
Furthermore, once a trader successfully scales their account for the first time, their profit split is raised to 95%.
Scaling Example:
- After 3 Months: If you start with a $100,000 account and meet the profit requirements, your account size increases to $125,000.
- After the Next 3 Months: Continuing to meet the profit criteria, a $125,000 account then increases to $150,000.
- After Another 3 Months: Sustaining the required performance, a $150,000 account grows to $175,000.
- Continuing Forward: This progression continues in similar increments based on consistent trading success over each three-month cycle.
The Best Prop Firm passed software are here:
Smart Prop Trader, a proprietary trading firm established on August 25, 2022, has built a significant community of traders who have achieved funded status and are eligible for substantial profit splits. Upon reaching funded status through either the Standard Challenge or Pro Challenge, traders can expect their first payout 12 calendar days after placing their initial trade in their funded account. Subsequent payouts are available every 14 days, provided the earnings exceed the initial account size. Profit splits vary generously from 75% to 95%, depending on the profits generated within the funded account.
For those interested in verifying the reliability of Smart Prop Trader's payouts, several resources are available. Trustpilot features reviews from traders sharing their experiences and the process of receiving their payouts. Additionally, Smart Prop Trader's presence on social media platforms such as Discord, YouTube, and Instagram offers further transparency, with numerous payout certificates and interviews with successful traders available, demonstrating their commitment to fulfilling payment obligations and supporting their trading community.
Smart Prop Trader Review and Our opinion about this Prop Firm
In summary, Smart Prop Trader is a well-regarded and reliable proprietary trading firm offering traders a choice between two comprehensive funding programs: the Standard Challenge and the Pro Challenge. Both programs are designed as two-step evaluations, each culminating in the opportunity to manage a funded account with profit splits ranging from 75% to 95%.
- The Standard Challenge provides a structured path to trading success, requiring traders to achieve profit targets of 7% in phase one and 5% in phase two under clearly defined risk management rules: a maximum daily loss of 4% and a total maximum loss of 8%. Notably, the challenge imposes no time constraints on trading days, allowing traders to operate at their own pace. Additionally, the challenge includes a scaling plan that offers potential account balance increases, enhancing growth opportunities.
- Similarly, the Pro Challenge aims to identify and nurture trading talent, setting slightly higher thresholds with an 8% profit target in phase one and 5% in phase two, alongside a 5% maximum daily loss and a 12% total maximum loss limit. This challenge also features no minimum or maximum trading day requirements, providing flexibility for traders to develop their strategies without pressure. The inclusion of a scaling plan in this challenge further supports traders in expanding their account size and potential earnings.
Smart Prop Trader stands out in the proprietary trading industry for its accommodating trading conditions, including unlimited trading periods, absence of minimum trading days, scalable maximum drawdown, and generous profit splits of up to 95%. These features make it a particularly attractive option for traders of varying styles and expertise levels worldwide.
Given its comprehensive offerings and supportive trading environment, Smart Prop Trader is highly recommended for those seeking a reputable and dynamic proprietary trading firm. Their commitment to providing flexible and growth-oriented trading conditions clearly positions them as a leading entity in the proprietary trading space.
