4.8

Smart Prop Trader are here to make your trading career a success and offer you the best deals and guidance.

Who are Smart Prop Trader?

Smart Prop Trader is a proprietary trading firm based in Texas that was founded in 2022 with the goal of offering excellent spreads and benefits to traders. The company allows traders to trade with a balance of up to $1,800,000 per account using Eightcap, an ASIC-regulated broker based in Melbourne, Australia, as their broker.

Overview

Fees
4.9
Deposit and Withdrawal
4.8
Trust Score
4.9
Customer Support
5.0
Trading Platform

MT4

Deposit Methods

Visa, PayPal, Stripe, Bitcoin

Withdrawal Methods

Bank Transfer, Bitcoin, Paypal

Account Size

$100,000, $200,000, $25,000, $50,000

Tradable Instruments

Commodities, Crypto, Forex, Indices, Metals

Brokers

Eightcap, Purple Trading Seychelles

Leverage

1:100, 1:2, 1:20, 1:50

Maximum Capital Allocation

$2,500,000

Pros and Cons

Pros

Live funded accounts
Excellent Trustpilot rating of 4.7/5
Funding up to $1,000,000 per account
No account number limitations
1-step Evaluation
Partnered with Eightcap
A large variety of trading instruments (all forex pairs, commodities, indices, stocks, crypto)
No limit to your trading style
No minimum and maximum day limits
EA’s, copy traders, scripts, indicators, and hedging allowed
News trading allowed

Cons

Relatively new prop firm
5% Maximum trailing drawdown (stops at accounts original value)
No weekend positions
Low leverage 10:1 and 2:1

Challenges Introduction

The challenges are as follows:

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
50 days
100 days
Indefinite

The Smart Prop Trader Challenge duration is 50 calendar days; the Verification duration is 100 calendar days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days. For example, if you pass all the Trading Objectives of the Smart Prop Trader Challenge in just 5 days, no need to wait another 45 days. We will advance you to the Verification as soon as possible.

Minimum Trading Days
0 days
0 days
X

At Smart Prop Trader, there is no minimum trading days for both challenge phases! You are able to pass and move to further phases as quickly as you're able to reach the profit goal. Processing time is kept to a minimum, a trader should be able to receive funding in as little as 1 day!

Trading Leverage
1: 100 Maximum Leverage

Trade with up to 1:100 leverage for FX instruments.

Maximum Daily Loss
$400
$400
$400

Max Daily loss is fixed and based on the initial balance. That number is subtracted from equity or balance, whatever starts the day greater!

Maximum Loss
$750
$750
$750

Maximum loss is static and calculated on initial Balance. For example, on a $100,000 account, the account can only be breached if it goes below $92,500(7.5%)

Profit Target
$750
$500
X

Profit Target for Phase 1 is 7.5% and the Profit Target for Phase 2 is 5%

Refundable VVS Fee
$71.25
$75
Free
Refund

Use code "VVS" to receive this price. The fee is reimbursed to you with the first Profit Split when you become a Smart Prop Trader.

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
50 days
100 days
Indefinite

The Smart Prop Trader Challenge duration is 50 calendar days; the Verification duration is 100 calendar days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days. For example, if you pass all the Trading Objectives of the Smart Prop Trader Challenge in just 11 days, no need to wait another 19 days. We will advance you to the Verification as soon as possible.

Minimum Trading Days
0 days
0 days
X

At Smart Prop Trader, there is no minimum trading days for both challenge phases! You are able to pass and move to further phases as quickly as you're able to reach the profit goal. Processing time is kept to a minimum, a trader should be able to receive funding in as little as 1 day!

Trading Leverage
1: 100 Maximum Leverage

Trade with up to 1:100 leverage for forex instruments.

Maximum Daily Loss
$1,000
$1,000
$1,000

Max Daily loss is fixed and based on the initial balance. That number is subtracted from equity or balance, whatever starts the day greater!

Maximum Loss
$1,875
$1,875
$1,875

Maximum loss is static and calculated on initial Balance. For example, on a $100,000 account, the account can only be breached if it goes below $92,500(7.5%)

Profit Target
$1,875
$1,250
X

Profit Target for Phase 1 is 7.5% and the Profit Target for Phase 2 is 5%

Refundable Fee
$166.25
$175
Free
Refund

Use code "VVS" to receive this price. The fee is reimbursed to you with the first Profit Split when you become an Smart Prop Trader.

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
50 days
100 days
Indefinite

The Smart Prop Trader Challenge duration is 50 calendar days; the Verification duration is 100 calendar days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days. For example, if you pass all the Trading Objectives of the Smart Prop Trader Challenge in just 11 days, no need to wait another 19 days. We will advance you to the Verification as soon as possible.

Minimum Trading Days
0 days
0 days
X

At Smart Prop Trader, there is no minimum trading days for both challenge phases! You are able to pass and move to further phases as quickly as you're able to reach the profit goal. Processing time is kept to a minimum, a trader should be able to receive funding in as little as 1 day!

Trading Leverage
1: 100 Maximum Leverage

Trade with up to 1:100 leverage for forex instruments.

Maximum Daily Loss
$2,000
$2,000
$2,000

Max Daily loss is fixed and based on the initial balance. That number is subtracted from equity or balance, whatever starts the day greater!

Maximum Loss
$3,750
$3,750
$3,750

Maximum loss is static and calculated on initial Balance. For example, on a $100,000 account, the account can only be breached if it goes below $92,500(7.5%)

Profit Target
$3,750
$2,500
X

Profit Target for Phase 1 is 7.5% and the Profit Target for Phase 2 is 5%

Refundable Fee
$261.25
$275
Free
Refund

Use code "VVS" to receive this price. The fee is reimbursed to you with the first Profit Split when you become a Smart Prop Trader.

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
50 days
100 days
Indefinite

The Smart Prop Trader Challenge duration is 50 calendar days; the Verification duration is 100 calendar days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days. For example, if you pass all the Trading Objectives of the Smart Prop Trader Challenge in just 11 days, no need to wait another 19 days. We will advance you to the Verification as soon as possible.

Minimum Trading Days
0 days
0 days
X

At Smart Prop Trader, there is no minimum trading days for both challenge phases! You are able to pass and move to further phases as quickly as you're able to reach the profit goal. Processing time is kept to a minimum, a trader should be able to receive funding in as little as 1 day!

Trading Leverage
1: 100 Maximum Leverage

Trade with up to 1:100 leverage for forex instruments.

Maximum Daily Loss
$4,000
$4,000
$4,000

Max Daily loss is fixed and based on the initial balance. That number is subtracted from equity or balance, whatever starts the day greater!

Maximum Loss
$7,500
$7,500
$7,500

Maximum loss is static and calculated on initial Balance. For example, on a $100,000 account, the account can only be breached if it goes below $92,500(7.5%)

Profit Target
$7,500
$5,000
X

Profit Target for Phase 1 is 7.5% and the Profit Target for Phase 2 is 5%

Refundable Fee
$451.25
$475
Free
Refund

Use code "VVS" to receive this price. The fee is reimbursed to you with the first Profit Split when you become an Smart Prop Trader.

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
50 days
100 days
Indefinite

The Smart Prop Trader Challenge duration is 50 calendar days; the Verification duration is 100 calendar days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days. For example, if you pass all the Trading Objectives of the Smart Prop Trader Challenge in just 11 days, no need to wait another 19 days. We will advance you to the Verification as soon as possible.

Minimum Trading Days
0 days
0 days
X

At Smart Prop Trader, there is no minimum trading days for both challenge phases! You are able to pass and move to further phases as quickly as you're able to reach the profit goal. Processing time is kept to a minimum, a trader should be able to receive funding in as little as 1 day!

Trading Leverage
1: 100 Maximum Leverage

Trade with up to 1:100 leverage for forex instruments.

Maximum Daily Loss
$8,000
$8,000
$8,000

Max Daily loss is fixed and based on the initial balance. That number is subtracted from equity or balance, whatever starts the day greater!

Maximum Loss
$15,000
$15,000
$15,000

Maximum loss is static and calculated on initial Balance. For example, on a $100,000 account, the account can only be breached if it goes below $92,500(7.5%)

Profit Target
$15,000
$10,000
X

Profit Target for Phase 1 is 7.5% and the Profit Target for Phase 2 is 5%

Refundable Fee
$831.25
$875
Free
Refund

Use code "VVS" to receive this price. The fee is reimbursed to you with the first Profit Split when you become an Smart Prop Trader.

Customer Reviews on Trust Pilot

Trust Pilot Review Score
4.8 - 1895 Reviews
View Trust Pilot Reviews

This company is different, They give you tools to be profitable. And also they offer competitions. In discord they have giveaways. To be sure you can see. This company is new. Check everything. Be aware to the company you will join. I recommend you Smart prop trader, because they show they are a trustful company

5
NE
Nicolas Espinoza

This is one of the few prop firms that have their drawdown calculated by the initial balance of the trading account instead of equity-based which makes a massive difference if you are a swing trader. From now on Smart Prop Trader will be my go-to choice in the future. I am currently testing it out on the monthly competition and so far so good.

5
GN
George Ngolo

Without a doubt smart prop trader is real smart. They have the best drawdown method in the prop firm industry. They position to serve trader by offering assistance always. The spread and commission are very traders friendly. I am an Apostle of Smart Prop Trader excellence. They are very truthful. I will not just recommend them but I will make sure I bring many people.

5
JO
Joshua Oladeji

Brilliant service provider. Always affording traders new opportunities that will allow them to grow. Always generous in allowing traders a opportunity to get funded through competitions which allows traders who can trade but cannot necessarily afford capital to stand a chance to win a funded opportunity. I am thoroughly impressed with the broker they use and the vast assets available to trade. Keep flourishing SPT! Stay blessed!

5
SK
Shaahid Kharsany

Trading Instruments

Forex Icon

Forex

Commodity Icon

Commodities

Indices

Crypto Icon

Crypto

Disclosure:
The trading instruments displayed above are examples of what this prop firm offers, and not all instruments may be shown or the correct brokers may be listed.

Trading Fees

Forex Icon

Forex

3.5 USD / LOT
Commodity Icon

Commodities

3.5 USD / LOT

Indices

3.5 USD / LOT
Crypto Icon

Crypto

3.5 USD / LOT

What makes Smart Prop Trader different from other prop firms?

Smart Prop Trader is a state-of-the-art proprietary trading firm that prides itself on being one of the fastest in the industry. With no minimum trading days and low phase 1 requirements, it is a top choice for traders looking for a reputable two-phase prop firm. Additionally, the company offers some of the most competitive prices in the industry.

Payment proof

Smart Prop Trader's withdrawal process is made easy and efficient by using Deel as their provider. Withdrawals are available once a profit has been achieved and all necessary requirements have been met. The company has a strong track record of reliable payment processing.

Which broker does Smart Prop Trader use?

Smart Prop Trader has partnered with Eightcap, a Melbourne-based, ASIC-regulated broker, to offer its technology services. Established in 2009, Eightcap aims to provide top-quality financial services to its clients and has five global offices and regulations in multiple locations to support clients around the world in trading a variety of assets including forex, indices, commodities, and shares. With a Trust Score of 73 out of 99, Eightcap is considered a medium-risk broker offering Forex and CFD trading, cryptocurrency trading, social/copy-trading, and access to 326 tradeable symbols and 45 Forex pairs. The broker offers two account types, Raw and Standard, with different fees and commissions depending on the chosen option. Standard accounts have spread-based pricing while Raw accounts have a commission-based pricing structure.

Support

Need more information about Smart Prop Trader? Check out their FAQ page for quick answers to common questions. Can't find what you're looking for? Their support team is available on social media or you can easily reach out to them through the contact link on their website.

Conclusion

To sum up, Smart Prop Trader is a reputable proprietary trading firm that offers a variety of account sizes for their evaluation program. They have clear guidelines and favorable conditions for a variety of trading strategies. Based on their offerings, we highly recommend Smart Prop Trader as a legitimate and trustworthy choice in the proprietary trading industry.

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