FXCI
Use promo code "FUNDEDTRADING" and get 15% discount. Challenge cost $42, funding amount $5K!
Smart Prop Trader: full analysis and insights about earning
Get a chance to access live-funded accounts and earn substantial profit splits with prop trading firm. Established in 2022, the Smart Prop Trader is based in Texas, USA, and provides a rigorous two-step evaluation process to ensure only disciplined and talented traders manage their funds. Traders can handle account sizes up to $100,000 and earn up to 95% profit splits by trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Updated 27-07-2024
Benefits
✓ High Trustpilot Rating: Excellent rating of 4.7/5.
✓ Diverse Funding Programs: Offers two unique funding programs.
✓ Add-on Features: Multiple add-ons to enhance trading experience.
✓ Professional Dashboard: Advanced tools for managing trades.
✓ Wide Range of Instruments: Trade forex, commodities, indices, and cryptocurrencies.
✓ No Trading Day Requirements: No minimum or maximum trading day limits.
✓ Generous Drawdown Limits: Up to 12% maximum drawdown on Pro Challenge.
✓ Scaling Plan: Increase account balance and maximum drawdown over time.
✓ Frequent Payouts: First payout after 12 days, then bi-weekly.
✓ Flexible Trading: Overnight and weekend holding, and news trading allowed.
✓ Diverse Funding Programs: Offers two unique funding programs.
✓ Add-on Features: Multiple add-ons to enhance trading experience.
✓ Professional Dashboard: Advanced tools for managing trades.
✓ Wide Range of Instruments: Trade forex, commodities, indices, and cryptocurrencies.
✓ No Trading Day Requirements: No minimum or maximum trading day limits.
✓ Generous Drawdown Limits: Up to 12% maximum drawdown on Pro Challenge.
✓ Scaling Plan: Increase account balance and maximum drawdown over time.
✓ Frequent Payouts: First payout after 12 days, then bi-weekly.
✓ Flexible Trading: Overnight and weekend holding, and news trading allowed.
Drawbacks
❌ Strict Drawdown Limits: 4% maximum daily equity-based drawdown on Standard Challenge.
❌ Prohibited Strategies: Martingale strategy is not allowed.
❌ Cost for Funded Traders: Exchange fees apply once traders are funded.
❌ Prohibited Strategies: Martingale strategy is not allowed.
❌ Cost for Funded Traders: Exchange fees apply once traders are funded.
Benefits
✓ High Trustpilot Rating: Excellent rating of 4.7/5.
✓ Diverse Funding Programs: Offers two unique funding programs.
✓ Add-on Features: Multiple add-ons to enhance trading experience.
✓ Professional Dashboard: Advanced tools for managing trades.
✓ Wide Range of Instruments: Trade forex, commodities, indices, and cryptocurrencies.
✓ No Trading Day Requirements: No minimum or maximum trading day limits.
✓ Generous Drawdown Limits: Up to 12% maximum drawdown on Pro Challenge.
✓ Scaling Plan: Increase account balance and maximum drawdown over time.
✓ Frequent Payouts: First payout after 12 days, then bi-weekly.
✓ Flexible Trading: Overnight and weekend holding, and news trading allowed.
✓ Diverse Funding Programs: Offers two unique funding programs.
✓ Add-on Features: Multiple add-ons to enhance trading experience.
✓ Professional Dashboard: Advanced tools for managing trades.
✓ Wide Range of Instruments: Trade forex, commodities, indices, and cryptocurrencies.
✓ No Trading Day Requirements: No minimum or maximum trading day limits.
✓ Generous Drawdown Limits: Up to 12% maximum drawdown on Pro Challenge.
✓ Scaling Plan: Increase account balance and maximum drawdown over time.
✓ Frequent Payouts: First payout after 12 days, then bi-weekly.
✓ Flexible Trading: Overnight and weekend holding, and news trading allowed.
Drawbacks
❌ Strict Drawdown Limits: 4% maximum daily equity-based drawdown on Standard Challenge.
❌ Prohibited Strategies: Martingale strategy is not allowed.
❌ Cost for Funded Traders: Exchange fees apply once traders are funded.
❌ Prohibited Strategies: Martingale strategy is not allowed.
❌ Cost for Funded Traders: Exchange fees apply once traders are funded.
Brand Story
Smart Prop Trader LLC, founded in July 2022 and headquartered in Austin, Texas, is managed by CEO Blake Olson. The firm is dedicated to empowering traders by providing optimal deals and guidance. With a partnership with ThinkMarkets as their broker, SPT offers traders the opportunity to choose between two two-step evaluations to secure funded accounts.
Key Features:
◉ Virtual Accounts: Flexible account sizes with no restrictions on holding positions over weekends or during news releases.
◉ Scaling Plan: Account balance increases by 25% every 3 months, with an additional 2% maximum drawdown increase.
◉ Payout System: Traders start with a 75% profit split, scaling up to 95% based on performance. Payouts can be requested on-demand with flexible scheduling.
◉ Оvernight / weekend trading: Smart Prop Trader places no limitations on news trading, overnight trading, or weekend trading. Traders can hold positions overnight or over the weekend at their discretion.
◉ Scaling Plan: Account balance increases by 25% every 3 months, with an additional 2% maximum drawdown increase.
◉ Payout System: Traders start with a 75% profit split, scaling up to 95% based on performance. Payouts can be requested on-demand with flexible scheduling.
◉ Оvernight / weekend trading: Smart Prop Trader places no limitations on news trading, overnight trading, or weekend trading. Traders can hold positions overnight or over the weekend at their discretion.
How it works? Trading programmes and prices
There are two funding program options:
Standard Challenge
Pro Challenge
Program Structure
Step 1: Challenge
- Unlimited Virtual Trading Days: No maximum or minimum trading day limits.
- Focus on Trading Objectives: Advance as soon as objectives are met.
Step 2: Verification
- Flexible Timing: Unlimited virtual trading days to meet objectives.
- Automatic Upgrade: Once objectives are met, transition to a fully funded account.
Step 3: Funded Trader
- High Profit Splits: Earn up to a 95% profit split.
- Account Scaling: Scale virtual accounts up to $2.5 million based on performance.
Standard Challenge
Standard type Challenge offers account sizes $5,000 to $100,000. This program aims to identify talented traders who are profitable and can effectively manage risk during the two-step evaluation period.
Additional Features
◉ Drawdown Type: Static Balance Based or Static Balance / Equity Based
◉ Min / MaxTrading Days: 0 Days / No Limit
◉ Profit Split: Scaling up to 95%
◉ Leverage: Up to 1:100
This structured approach ensures traders can effectively manage risk and achieve significant profit splits while benefiting from flexible trading conditions.
◉ Min / MaxTrading Days: 0 Days / No Limit
◉ Profit Split: Scaling up to 95%
◉ Leverage: Up to 1:100
This structured approach ensures traders can effectively manage risk and achieve significant profit splits while benefiting from flexible trading conditions.
Pro Challenge
Pro Challenge offers accounts from $5,000 to $50,000. This program seeks to identify skilled traders who are profitable and can effectively manage risk during a two-step evaluation process.
Additional Features
◉ Drawdown Type: Static Balance Based or Static Balance / Equity Based
◉ Min / Max Trading Days: 0 Days / No Limit
◉ Profit Split: Scaling up to 95%
◉ Leverage: Up to 1:100
This structured program ensures traders can manage risk effectively while aiming for substantial profit splits and flexible trading conditions.
◉ Min / Max Trading Days: 0 Days / No Limit
◉ Profit Split: Scaling up to 95%
◉ Leverage: Up to 1:100
This structured program ensures traders can manage risk effectively while aiming for substantial profit splits and flexible trading conditions.