Smart Prop Trader might just be the boost you need. This Texas-based proprietary trading firm has been making waves since its founding in 2022, offering traders a chance to access substantial capital and keep up to 95% of their profits.
With its user-friendly two-phase evaluation process, competitive profit targets, and flexible trading conditions, Smart Prop Trader is designed to help both novice and experienced traders thrive. Trade Smart with Smart Prop Trader and earn the title of Smart Prop Trader. They offer aspiring traders a unique opportunity to flaunt their skills and certainly manage substantial capital. This article will dissect how a trader can become a Smart prop Trader!
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What is Smart Prop Trader?
Smart Prop Trader is a proprietary trading firm based in Texas, USA, founded in 2022. It offers aspiring traders an opportunity to manage substantial capital through its funded trader program.
One of the standout features of Smart PropTrader is its lack of minimum trading day requirements during the evaluation phases. This allows skilled traders to potentially complete the process quickly and receive funding swiftly, often within a day.
With its favorable terms, innovative tools, and supportive trading community, Smart PropTrader aims to empower traders and facilitate their success in the proprietary trading industry.
| Key Feature | Details |
|---|---|
| CEO | Blake Olson |
| Platform | MT4 and MT5 |
| Payout Split | Upto 90% |
| Payouts | 24 Hours |
| Daily Drawdown | 4% |
| Headquarters | USA |
| Expert Advisors | Allowed |
| Max Funding | $100,000 |
| Funding Programs | Standard and Pro Challenge |
| Leverage | 1:30 |
| Weekend Holding | Allowed |
| Contact | Discord, support@smartproptrader.com |
| Trustpilot Rating | 4.7/5.0 |
How Does the Smart Prop Trader Evaluation Process Work?
One of the standout features of Smart Prop Trader is its simple and transparent two-step evaluation process. Unlike many prop firms that impose stringent time constraints or have complex multi-phase evaluations, Smart Prop Trader keeps it straightforward.
In the first phase, known as the “Challenge,” traders aim to achieve a 7.5% profit target without violating any of the firm's trading rules. What sets Smart PropTrader apart is the absence of a minimum trading day requirement. This means that skilled traders can potentially complete the Challenge in a matter of days, fast-tracking their journey to a funded account.
Upon successfully completing the Challenge, traders progress to the second phase, called “Verification.” Here, the profit target is slightly lower at 5%, but the same trading rules apply. Again, there are no minimum trading day requirements, allowing traders to showcase their consistency and risk management skills at their own pace.
Standard Challenge
| Account Size | Pricing |
|---|---|
| $5,000 | $57 |
| $10,000 | $97 |
| $25,000 | $197 |
| $50,000 | $297 |
| $100,000 | $497 |
Pro Challenge
| Account Size | Pricing |
|---|---|
| $5,000 | $67 |
| $10,000 | $117 |
| $25,000 | $237 |
| $50,000 | $357 |
| $5,000 | $67 |
Rapid Account Funding and Generous Profit Splits
One of the most appealing aspects of Smart Prop Trader is the speed at which traders can receive their funded accounts. The company prides itself on being one of the fastest in the industry, with account processing and funding often taking as little as one day. This quick turnaround time allows successful traders to capitalize on market opportunities without unnecessary delays.
When it comes to profit splits, Smart Prop Trader offers highly competitive terms. Funded traders can keep up to 90% of their profits, which is among the highest in the prop trading industry. This generous profit-sharing arrangement not only rewards traders for their skill and dedication but also provides a strong incentive to maintain a disciplined and consistent approach to trading.
Flexible Trading Powered by MT5/4 Platforms
Smart PropTrader understands that every trader has their own unique style and preferences. As such, the firm offers a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. This diverse selection allows traders to focus on the markets they are most comfortable with and develop specialized strategies.
In terms of leverage, Smart Prop Trader offers up to 1:100 for forex instruments, providing traders with ample flexibility to manage their positions effectively. The maximum daily loss limit is fixed and based on the initial account balance, ensuring that traders have a clear understanding of their risk parameters.
To facilitate seamless trading experiences, Smart PropTrader has partnered with Eightcap Raw Spreads, a reputable and well-regulated broker based in Melbourne. This collaboration ensures that funded traders have access to competitive spreads, reliable execution, and a robust trading infrastructure.
Traders can choose from popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer a wide range of charting tools, technical indicators, and automated trading capabilities. Additionally, Smart PropTrader allows the use of Expert Advisors (EAs), enabling traders to implement algorithmic strategies and automate their trading processes.
Make Money by Promoting Smart Prop Trader
Smart Prop Trader rewards affiliates with a generous commission of 7.5% to 12.5% of the first paid Challenge price for every new and organic trader they refer through their unique affiliate link. The commission rate increases based on the number of referrals, starting at 7.5% for 1-9 referrals, 10% for 10-99 referrals, and 12.5% for 100 or more referrals.
To become an affiliate, traders need to sign up on the Smart Prop Trader dashboard and apply for affiliate status through the Affiliate tab. Once approved, they receive a unique affiliate URL and banners to share on their website or social media channels.
The affiliate program incentivizes traders to actively promote Smart Prop Trader and use their network to bring in new clients. By earning commissions on successful referrals, affiliates can generate passive income while helping others discover the opportunities offered by Smart Prop Trader's funded trading program.
FAQs Related to Smart Prop Trader
How long does it take to receive a Funded Account after passing an evaluation?
Smart Prop Trader prides itself on being one of the fastest in the industry to process and fund accounts, often taking as little as one day after a trader passes the Verification phase.
What instruments can be Traded?
Funded traders can trade forex pairs, indices, commodities, and cryptocurrencies.
Are EAs (expert advisors) allowed?
Yes, Smart Prop Trader allows the use of EAs. However, any EA that takes advantage of the demo environment is prohibited, as are HFT, Martingale, Grid Trading, and Latency Arbitrage strategies.
Who is eligible to join Smart Prop Trader?
Smart Prop Trader accepts traders from all around the world who are at least 18 years old. The main requirement is being able to trade profitably with proper risk management.
Does Smart Prop Trader offer any educational resources for traders?
Yes, Smart Prop Trader provides various educational resources and tools to support its traders.
Does Smart Prop Trader allow hedging?
Yes, Smart Prop Trader recently started allowing hedging. However, hedging must be done within the same account.
Does Smart Prop Trader offer a free trial or demo account?
Yes, after signing up, traders are offered a Free Virtual Account where they can practice trading as if they were in the actual Smart Prop Trader Challenge.
The Bottom Line
Smart Prop Trader is the way forward to your sterling trading career if you want to act smart, of course. As the company continues to evolve and refine its offerings, it is poised to attract a growing community of skilled and ambitious traders, shaping the future of proprietary trading in the process.
Whether you're a novice or an experienced trader, Smart Prop Trader provides the tools, resources, and community needed to thrive in the competitive world of forex trading. Make the smart choice and elevate your trading journey with Smart Prop Trader.
