Its standout features include a meticulously designed two-phase evaluation program and an impressive profit-sharing model, which offers traders a generous 85% share of their profits, with the potential to increase to 90% and even reach up to $2.5 million for exceptionally successful traders.
Credibility and Security
One of the key strengths of Smart Prop Trader is the wealth of trading opportunities and tools it provides. Coupled with its affiliation with the ASIC-regulated broker, Eightcap, this platform offers a solid foundation of credibility and security.
However, it’s important to note that while Smart Prop Trader offers substantial benefits, it does come with the challenge of meeting specific trading objectives. Additionally, some users have mentioned limited availability for live chat support. Despite these minor drawbacks, the platform strikes a well-balanced approach, catering to both novice and experienced traders.
Transparency is a hallmark of Smart Prop Trader, and this extends to its conditions, risk management tools, and efficient payment and account creation systems. Moreover, the active and vibrant Discord community, competitive fee structure, and promotional offerings make it an even more appealing choice for traders seeking growth opportunities.
In essence, if you’re on a path to building a successful trading career and require a platform that seamlessly combines flexibility, generous profit sharing, and comprehensive support, Smart Prop Trader emerges as a strong contender.
In summary, Smart Prop Trader stands out as a legitimate proprietary trading firm, providing traders with the flexibility to choose from five distinct two-step evaluation program account sizes.
– Evaluation Programs:
– Conforming to industry standards, the two-phase evaluation requires completion before traders become funded and eligible for profit splits.
– Smart Prop Trader sets realistic profit targets of 7% in Phase 1 and 5% in Phase 2, aligning with a 4% maximum daily and 8% maximum loss.
– Traders can earn compelling 85% up to 90% profit splits, coupled with the ability to scale their accounts.
In my recommendation, Smart Prop Trader proves to be an excellent option for individuals seeking a proprietary trading firm with transparent and straightforward trading rules. As a well-established entity, it caters to a diverse range of traders with unique styles, offering exceptional conditions. After a thorough consideration of all that Smart Prop Trader brings to the table, it undoubtedly stands out as one of the more compelling choices within the proprietary trading firm industry.
Maximum Daily Loss
No martingale allowed
Third Party Copy Trading Risk
Third Party EA risk
Two Step Challenge
Maximum Capital Allocation