This innovative prop firm offers funded accounts up to $100,000 with a generous 95% profit share. But is the firm the right fit for you? Let's walk through this comprehensive Smart Prop Trader review and find out!
Smart Prop Trader company overview
SmartPropTrader has quickly made a name for itself in the world of proprietary trading firms. Founded to empower traders, this firm offers a unique blend of opportunity and support. Here's what sets SmartPropTrader apart:
- Funded accounts ranging from $5,000 to a whopping $100,000;
- An impressive profit split of up to 95% for top-performing traders;
- A streamlined two-step evaluation process;
- Unlimited maximum trading days.
In essence, Smart Prop Trader is about nurturing trading talent and providing a transparent, supportive environment for traders to flourish. Whether you're a seasoned pro or just starting, this firm aims to give you the tools and backing you need to succeed in the competitive trading world.
SPT specifications summary
Let's break down the nitty-gritty details of what SPT offers:
Account currency | USD |
Minimum price | $57 |
maximum leverage | 1:100 |
maximum profit split | 95% |
Instruments | Forex, commodities, Indices, Crypto |
Assets | Major pairs, Oil, S&P 500, BTC |
evaluation steps | 2-steps |
Trading platform | DxTrader, Match-Trader, cTrader |
Withdrawal methods | N/A |
maximum fund size | $100,000 |
first profit target | 7% |
Max. daily loss | 5% |
Challenge time limit | No Limits |
news trading | YES |
Maximum total drawdown | 12% |
commission per round lot | N/A |
trust pilot score | 4.5 |
payout frequency | 4 Weeks (2 for subsequent weeks) |
established country | USA |
established year | 2022 |
Smart Prop Trader's approach is refreshingly straightforward. They're not looking to trip you up with complex rules or unrealistic targets. Instead, they've created a system allowing talented traders to shine and earn quickly. The lack of minimum trading days is a nice touch, giving you the flexibility to trade at your own pace.
SmartPropTrader firm pros & cons
Every prop firm has its strengths and weaknesses. Let's take an honest look at what SmartPropTrader brings to the table:
Pros | Cons |
High profit split (up to 95%) | Higher profit targets compared to some competitors |
No minimum trading days | Limited instrument selection compared to some other firms |
Fast funding process | No demo account option |
Scalable accounts up to $2.5 million | - |
Transparent rules and no payout denials | - |
While the profit targets might be steeper, the flexibility and potential rewards make SmartPropTrader an attractive option for many traders.
SmartPropTrader funding & price
The beauty of Smart Prop Trader's model lies in its flexibility. You can start small and work your way up, with opportunities to increase your account size and profit split over time. This system rewards consistency and growth, making it appealing for traders at various stages of their journey.
Smart Prop Trader's funding model is designed to be accessible and rewarding. Here's what you need to know:
Account Size | Standard | Pro |
$5.000 | $57 | $67 |
$10.000 | $97 | $117 |
$25.000 | $197 | $237 |
$50.000 | $297 | $357 |
$100.000 | $497 | - |
SPT registration & verification process
Getting started with SmartPropTrader is a breeze. Here's a step-by-step breakdown of the process:
- Choose your account size (from $5,000 to $100,000);
- Fill in the registration from (name, username, email, password);
- Agree with the terms and conditions;
- Once completed, go to the client area;
- Fill in the billing info;
- Customize your desired prop trading features (Platform, Account balance, etc.);
- Confirm the information and proceed to payment.
Remember, there's no minimum trading days requirement, so you can blaze through the evaluation phases as quickly as your skills allow.
SmartPropTrader Evaluation steps
Let's dive deeper into Smart Prop Trader's two-step evaluation process:
Features | Pro | Standard |
Profit Target | 1-step: 8%, 2-step: 5% | 1-step: 7%, 2-step: 5% |
Daily Loss Limit | 5% | 4% |
Maximum Loss | 12% | 8% |
Min/Max Trading Days | No Limits | No Limits |
Profit Split | up to 95% | up to 95% |
Leverage | up to 1:100 | up to 1:100 |
This two-step process serves a crucial purpose: it allows SmartPropTrader to evaluate your skills and risk management capabilities before granting you access to a live trading account. It's all about ensuring that you can trade profitably and responsibly in the long run while respecting the firm's rules and guidelines.
Smart Prop Trader bonuses and discounts
Who doesn't love a good deal? SmartPropTrader is offering exciting promotions to enhance traders' experiences and provide added value. Traders can benefit from substantial discounts and unique opportunities to maximize their trading potential. Here are the details of the current promotions:
- 18% Discount: Use the promo code “FREE18” to get an 18% discount on your entire order;
- Free Account: Receive a free account of the same size or time at your first payout.
Additionally, SmartPropTrader is celebrating a major milestone with another limited-time offer:
- 25% Discount: Use the code “5MILLPARTY” to get a 25% discount, available for the first 500 users.
SmartPropTrader trading platforms
SmartPropTrader offers a variety of advanced trading platforms designed to meet the needs of traders across different skill levels and preferences.
Each platform provides unique features, allowing users to access a wide range of markets, customize their trading experiences, and execute trades with precision.
Whether you are a beginner or an experienced trader, these platforms offer powerful tools and user-friendly interfaces to enhance your trading performance.
- cTrader: Known for its intuitive interface, cTrader offers advanced charting tools, fast order execution, and a customizable layout, making it ideal for both novice and professional traders;
- DxTrade: This multi-asset platform provides flexibility for brokers and traders alike, featuring a sleek user interface, powerful back-end tools, and support for various asset classes, including forex, commodities, and stocks;
- Match-Trader: A comprehensive trading platform offering robust risk management tools, customizable workspaces, and integrated market analysis features, Match-Trader is tailored to meet the needs of high-frequency traders and those requiring precise execution.
What instruments & symbols can I trade on SPT?
SmartPropTrader offers a decent range of tradable instruments, though not as extensive as some other prop firms. Here's what you can trade:
- Forex: Major, minor, and some exotic pairs;
- Indices: Popular global stock indices;
- Commodities: Including gold, silver, and oil;
- Cryptocurrencies: Limited selection of major cryptos.
While this selection covers the most popular trading instruments, traders looking for a wider range of stocks or more exotic instruments might find the offerings somewhat limited. However, Smart Prop Trader provides ample opportunities for most traders, especially those focusing on forex and major indices.
SmartPropTrader payment methods
SmartPropTrader offers flexible payment options to make the funding process smooth and convenient for traders.
Clients can choose from a variety of payment methods, including cryptocurrency and traditional credit cards, ensuring that everyone can select the method that best suits their needs. The inclusion of a crypto payment gateway provides added security and global accessibility for traders who prefer to transact using digital currencies.
- NOWPayments: Pay securely with cryptocurrencies such as Bitcoin, Ethereum, and more;
- Credit Card: Traditional payment methods like Visa, MasterCard, American Express, and Discover are supported.
These options allow for flexibility and global access, catering to a wide range of trader preferences.
Smart Prop Trader commissions
Apparently SmartPropTrader provides an attractive offering for traders by not charging any commissions on trades or payment transactions. This fee-free model allows traders to maximize their profits without worrying about additional costs, making it a highly appealing option for both new and experienced traders. By eliminating these extra fees, SmartPropTrader ensures that traders can focus entirely on their strategies and trading performance.
- No Trade Commissions: Traders aren't charged any fees for executing trades, allowing them to retain more of their earnings;
- No Payment Fees: SmartPropTrader does not impose any additional charges for processing payments, including both cryptocurrency and credit card transactions;
- Increased Profit Potential: Without hidden fees, traders can fully benefit from the platform's profit-sharing model and capital scaling opportunities.
Does SmartPropTrader offer vast educational resources?
SPT does not offer a vast array of educational resources; however, they do provide valuable insights through their blog posts. These posts cover various aspects of prop trading, serving as the primary source of education for traders associated with the firm.
- In-depth articles: The blog features detailed articles on prop trading strategies, market analysis, and trading psychology;
- Regular updates: New content is published regularly, keeping traders informed about the latest trends and insights in the trading world;
- Practical tips: Blog posts often include practical advice that traders can apply to enhance their trading skills and decision-making.
Smart Prop Trader’s Trust scores on Trustpilot
SPT boasts a commendable TrustScore of 4.5 out of 5, based on 2,578 total reviews on the Trustpilot website.
While the majority of users rate their experience positively, a small percentage express concerns regarding the firm’s practices, particularly towards profitable traders. Overall, SmartPropTrader seems to provide a reliable service with a strong emphasis on customer support. User Experiences:
- Positive Feedback:
- Customer Service: Multiple reviews highlight the exceptional customer service, with quick responses and helpful support staff;
- Payout Reliability: Many users report successful payouts, reinforcing the firm’s reliability.
- Negative Feedback:
- Banning of Traders: Some users have reported experiences of being banned without clear justification, particularly among profitable traders;
- Delayed Payments: A few reviews mention delays in the payout process, although most users have eventually received their funds.
Overall, Smart Prop Trader maintains a solid reputation among many traders, though potential clients should be aware of the mixed reviews regarding trader treatment.
SmartPropTrader customer support services
SPT provides comprehensive support to its users through various channels. Traders can easily reach the support team by live chat or sending an email. Support Features:
- Live Chat: Accessible by clicking the SPT logo in the bottom right-hand corner of the website;
- Email Support: Available at support@smartproptrader.com for inquiries and issues;
- Business Hours:
- 24/7 support via email.
- Responsive Team: Focused on quick response times to ensure timely assistance for traders.
SmartPropTrader social media channels
The SmartPropTrader maintains a strong presence on multiple social media channels, connecting with traders, sharing updates, educational materials, and hosting giveaways. You can follow them on:
- X (formerly Twitter): https://x.com/SmartPropTrader
- Instagram: https://www.instagram.com/smartproptrader/
- LinkedIn: https://www.linkedin.com/company/smart-prop-trader/
- YouTube: https://www.youtube.com/channel/UCtLLrvj7N5ssEGYSR04cyxg
- TikTok: https://www.tiktok.com/@smartproptrader
These platforms are utilized to provide insights, conduct giveaways, and build an active trading community.
Expert suggestions
Smart Prop Trader stands out as a prop firm committed to providing robust support and flexible trading conditions for its users.
The firm offers competitive trading features, including high profit targets, generous daily and maximum loss limits, and attractive profit splits of up to 95%. Additionally, the leverage of up to 1:100 and no limits on trading days make it an appealing choice for both Pro and Standard account holders.
With 24/7 email support and dedicated live chat hours, traders can rely on timely assistance whenever needed.
Overall, SmartPropTrader’s comprehensive support and favorable trading conditions make it a sstrong contender in the prop trading industry. Write your opinions about Smart Prop Trader firm in the comment below.
