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Smart Prop Trader

Smart Prop Trader is a prop trading firm that offers a range of challenges, competitive spreads, flexible payout systems, and numerous benefits aimed at supporting traders in maximizing their potential.

 This review will provide an in-depth look at the firm’s offerings, including account sizes, profit splits, trading instruments, and more.

## About Smart Prop Trader Prop Firm: An Overview

### Legal Company Name

Prop Trader LLC

### Address Details

5830 E. 2nd Street, Casper, WY 82609, USA

### Founding Year

September 2022

### Registration Location

Casper, Wyoming, USA

### Executive Team

Chief Executive Officer: Blake Olson

## Trading Platforms

Smart Prop Trader supports various trading platforms to accommodate different trading styles and preferences:

- DXtrade
- Match Trader
- cTrader

## Instruments Available at Smart Prop Trader

- Forex
- Crypto
- Indices
- Commodities

## How to Make Payments at Smart Prop Trader Prop Firm

Payment methods accepted include:

- Credit/debit cards through the NMI platform
- Cryptocurrency payments through NOWPayments

## Account Sizes

Smart Prop Trader offers several account sizes, each with specific profit targets and loss limits:

### Standard Accounts:

- **$5,000 Account**: Step 1: 7%, Step 2: 5%
- **$10,000 Account**: Step 1: 7%, Step 2: 5%
- **$25,000 Account**: Step 1: 7%, Step 2: 5%
- **$50,000 Account**: Step 1: 7%, Step 2: 5%
- **$100,000 Account**: Step 1: 7%, Step 2: 5%

### Pro Accounts:

- **$5,000 Account**: Step 1: 8%, Step 2: 5%
- **$10,000 Account**: Step 1: 8%, Step 2: 5%
- **$25,000 Account**: Step 1: 8%, Step 2: 5%
- **$50,000 Account**: Step 1: 8%, Step 2: 5%

## Profit Splits in Smart Prop Trader Prop Firm

Traders can qualify for up to a 95% profit split, starting with a default ratio of 75:25.

## Profit Targets for Smart Prop Trader Prop Firm

### Standard Accounts:

- **$5,000 Account**: Step 1: 7%, Step 2: 5%
- **$10,000 Account**: Step 1: 7%, Step 2: 5%
- **$25,000 Account**: Step 1: 7%, Step 2: 5%
- **$50,000 Account**: Step 1: 7%, Step 2: 5%
- **$100,000 Account**: Step 1: 7%, Step 2: 5%

### Pro Accounts:

- **$5,000 Account**: Step 1: 8%, Step 2: 5%
- **$10,000 Account**: Step 1: 8%, Step 2: 5%
- **$25,000 Account**: Step 1: 8%, Step 2: 5%
- **$50,000 Account**: Step 1: 8%, Step 2: 5%

## Maximum Daily Drawdown and Loss at Smart Prop Trader Prop Firm

### Standard Accounts:

- **Daily Loss Limit**: 4%
- **Maximum Loss**: 8%

### Pro Accounts:

- **Daily Loss Limit**: 5%
- **Maximum Loss**: 12%

## Minimum/Maximum Trading Days Required at Smart Prop Trader Prop Firm

### Standard Accounts:

- **Minimum Trading Days**: 0
- **Maximum Trading Days**: No Limit

### Pro Accounts:

- **Minimum Trading Days**: 0 for Challenge, 7 for Funded Accounts
- **Maximum Trading Days**: No Limit

## Pricing for Smart Prop Trader Prop Firm Challenge

- **$5,000 Account**: $57 (Standard), $67 (Pro)
- **$10,000 Account**: $97 (Standard), $117 (Pro)
- **$25,000 Account**: $197 (Standard), $237 (Pro)
- **$50,000 Account**: $297 (Standard), $357 (Pro)
- **$100,000 Account**: $497 (Standard)

## Commissions and Fees at Smart Prop Trader Prop Firm

- **Forex**: $6 commission per standard lot
- **Metals, Indices, Crypto**: No commission

## Smart Prop Trader Prop Firm: Refund Policies

Smart Prop Trader does not offer refunds once account credentials are provided. Customers must review the refund policy and Terms & Conditions before placing an order.

## Payout Schedules of Smart Prop Trader Prop Firm

Traders can request payouts on-demand. The default payout ratio is 75:25, which can scale up to 95:5. Payouts are processed after four weeks initially and two weeks for subsequent payouts.

## Advantages and Disadvantages

(according to Trustpilot Reviews)

### Positive Reviews

- **Exceptional Customer Support**: Quick, understanding, and effective in resolving issues such as account reactivation and platform changes.
- **Fair Treatment**: Willingness to provide second chances and reinstate accounts with stricter rules when necessary.
- **Educational and Empathetic**: Customer support provides educational insights on trading issues, like slippage, and resolves problems promptly.
- **Community Support**: Active and friendly Discord community that offers support and encouragement to traders.
- **Flexible and Accommodating**: Allows platform changes and accommodates traders' needs, enhancing the trading experience.

### Negative Reviews

- **Payout Delays**: Significant delays in processing payouts, with some users waiting for weeks without resolution.
- **Platform Issues**: Complaints about being forced to use unwanted platforms and experiencing platform malfunctions.
- **Inconsistent Communication**: Poor follow-up and lack of clarity from customer support on payout issues.
- **Account Rules Disputes**: Disagreements over account rules and accusations of scamming when users feel rules were unfairly enforced.
- **Perceived Decline in Service**: Some users feel the company has deteriorated in reliability and service quality, leading to frustration and mistrust.

## FAQ Section

### Why Smart Prop Trader is the Safest and Best Firm Available?

- **Best Profit Splits Offered in the Industry**: Up to 95/5 profit split.
- **No Discrimination**: Accepts traders from all countries.
- **Industry Leading Customer Service**: 24/7 support with a high customer satisfaction rating.

### How Daily Drawdowns Work On Smart Prop Trader Standard Challenge Accounts

- **Maximum Daily Loss**: 4%

### Which Payment Methods Are Accepted?

- **Credit/Debit Cards**: Through NMI platform
- **Cryptocurrency**: Through NOWPayments

### Smart Prop Trader Refund Policy

- **No Refunds**: Once account credentials are received, no refunds are offered.

### Which Instruments Can I Trade and What Strategies Am I Allowed to Employ?

- **All Instruments Allowed**: Forex, Indices, Crypto, etc.
- **No Strategy Limitations**: Discretionary trading, hedging, algorithmic trading, EAs, etc.

### Where is Smart Prop Trader located?

- **Location**: USA-based with a registered office in Austin, Texas.

### What's the Difference Between Standard and Pro Challenges at SPT?

- **Profit Targets**: Standard: 7%/5%, Pro: 8%/5%
- **Drawdowns**: Standard: 4%/8%, Pro: 5%/12%
- **Minimum Trading Days**: Standard: 0, Pro: 0 for Challenge, 7 for Funded

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Smart Prop Trader - 5K - 2 Steps - 75%