Smart Prop Trader is here to make traders’ careers a success while also offering them the best deals and guidance. They have a professional team that has been involved in the trading industry for over ten years.
Smart Prop Trader is committed to reinforcing and propelling your trading profession through exceptional prospects and expert mentorship. Boasting over a decade of involvement in the trading sector, their adept team has pinpointed the most efficient strategies and favorable opportunities, which they’re enthusiastic about imparting to you for an enriched trading experience. Smart Prop Trader constitutes an initiative aimed at proficient traders. To appraise the sought-after attributes, they’ve crafted an encompassing two-phase evaluation program. This program encompasses the Smart Prop Trader Challenge and the Verification phase, flawlessly devised to spot and foster inherent trading talent.
Smart Prop Trader Company Information
You can learn more about Smart Prop Trader’s company details in the spreadsheet below.
| Company Information | Smart Prop Trader |
|---|---|
| Incorporation | July 2022 |
| Location | Texas, United States |
| CEO | Blake Olson |
| Maximum Account Size | Evaluation Program: $200,000 |
| Trading Platform | MetaTrader 4, MetaTrader 5 |
| Broker | Eightcap |
Founded in July 2022, Smart Prop Trader is a proprietary trading firm with headquarters in Texas, United States, led by CEO Blake Olson. They provide traders with an opportunity to participate in a single distinct funding plan, offering account sizes of up to $200,000. Traders gain access to trading accounts through Eightcap, and they have the option to utilize MetaTrader 4 or MetaTrader 5 as their trading platform.
Funding Plans
Smart Prop Trader offers a single funding program to traders all around the world.
Evaluation Program
| Accounts Sizes | One-time Fee |
|---|---|
| $10,000 | $67 |
| $25,000 | $167 |
| $50,000 | $267 |
| $100,000 | $467 |
| $200,000 | $867 |
| Trading Parameters | Parameter Values |
|---|---|
| Phase 1 Profit Target | 7% |
| Phase 2 Profit Target | 5% |
| Daily Drawdown | 4% |
| Maximum Drawdown | 8% (Scaleable To 28%) |
| Leverage | 1:100 |
| Minimum Trading Day Requirements | No Minimum Trading Days |
| Maximum Trading Day Period | Phase 1: No Time Limitations Phase 2: No Time Limitations |
| Profit Split | 85% Up To 90% |
Evaluation Program Scaling Plan
Evaluation Program accounts have a consistency-based scaling plan. This means that you are required to be consistently profitable within a three-month period. By meeting all the objectives, Smart Prop Trader will increase your initial account balance by 25%.
Smart Prop Trader Two-step Comparison
Two-step Comparison of Smart Prop Trader & E8 Funding (Normal)
| Trading Parameters | Smart Prop Trader | E8 Funding (Normal) |
|---|---|---|
| Phase 1 Profit Target | 7% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Daily Drawdown | 4% | 5% |
| Maximum Drawdown | 8% (Scaleable To 28%) | 8% (Scaleable To 14%) |
| Leverage | 1:100 Up | 1:100 |
| Minimum Trading Day Requirements | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Day Period | Phase 1: No Time Limitations Phase 2: No Time Limitations | Phase 1: No Time Limitations Phase 2: No Time Limitations |
| Profit Split | 85% Up To 90% | 80% |
Two-step Comparison of Smart Prop Trader & FundedNext (Stellar)
| Trading Parameters | Smart Prop Trader | FundedNext (Stellar) |
|---|---|---|
| Phase 1 Profit Target | 7% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Daily Drawdown | 4% | 5% |
| Maximum Drawdown | 8% (Scaleable To 28%) | 10% |
| Leverage | 1:100 | 1:100 |
| Minimum Trading Day Requirements | No Minimum Trading Days | 5 Calendar Days |
| Maximum Trading Day Period | Phase 1: No Time Limitations Phase 2: No Time Limitations | Phase 1: No Time Limitations Phase 2: No Time Limitations |
| Profit Split | 85% Up To 90% | 80% Up To 90% |
Community Trustpilot Feedback
Smart Prop Trader has an excellent rating on Trustpilot, where we can find numerous comments from their community. They have 2,300 comments with an excellent rating of 4.7/5, where they are rated as five stars by 90% of all the individuals.
Conclusion
To conclude the review, we can clearly see that Smart Prop Trader is a reputable proprietary trading firm with various attractive features. They provide traders with the flexibility to choose from an evaluation program with different account sizes. When it comes to community feedback, they have an excellent Trustpilot rating of 4.7/5. After going through everything Smart Prop Trader has to offer, they can be considered a very attractive option within the proprietary trading firm industry.
Smart Prop Trader Review Details
