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.
The mission of Smart Prop Trader revolves around boosting and propelling your trading profession through the provision of exceptional prospects and expert mentorship. Leveraging over a decade of proficiency within the trading industry, their adept team has pinpointed the most efficacious strategies and beneficial opportunities. These insights are enthusiastically imparted to enrich your trading journey. Smart Prop Trader constitutes an initiative geared towards proficient traders. To evaluate the sought-after attributes, they have devised an extensive two-phase evaluative program. This program encompasses the Smart Prop Trader Challenge and the Verification phase, meticulously crafted to discern and foster innate trading aptitude.
Introduction of Smart Prop Trader
| Company Details | Smart Prop Trader |
|---|---|
| CEO | Blake Olson |
| Incorporation Date | July 2022 |
| Location | Texas, United States |
| Maximum Account Size of Funding Programs | Evaluation Program: $200,000 |
Funding Programs
Evaluation Program
| Account Size | Account Price |
|---|---|
| $10,000 | $67 |
| $25,000 | $167 |
| $50,000 | $267 |
| $100,000 | $467 |
| $200,000 | $867 |
| Objectives | Objective Value |
|---|---|
| Profit Target (Phase 1) | 7% |
| Profit Target (Phase 2) | 5% |
| Daily Drawdown | 4% |
| Maximum Drawdown | 8% (Can be scaled to 28%) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | No Minimum Trading Days |
| Profit Share | 85% up to 90% |
Comparison of the Two-step Program
Comparison of Smart Prop Trader & Funding Pips
| Objectives | Smart Prop Trader | Funding Pips |
|---|---|---|
| Profit Target (Phase 1) | 7% | 8% |
| Profit Target (Phase 2) | 5% | 5% |
| Daily Drawdown | 4% | 5% (Can be scaled to 7%) |
| Maximum Drawdown | 8% (Can be scaled to 28%) | 10% (Can be scaled to 14%) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Profit Share | 85% up to 90% | 80% up to 90% |
Comparison of Smart Prop Trader & E8 Funding
| Objectives | Smart Prop Trader | E8 Funding (Normal) | E8 Funding (Extended) |
|---|---|---|---|
| Profit Target (Phase 1) | 7% | 8% | 8% |
| Profit Target (Phase 2) | 5% | 5% | 5% |
| Daily Drawdown | 4% | 5% | 5% |
| Maximum Drawdown | 8% (Can be scaled to 28%) | 8% (Can be scaled to 14%) | 10% (Can be scaled to 14%) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days | 5 Calendar Days |
| Profit Share | 85% up to 90% | 80% | 80% |
Broker & Trading Platform
| Broker | Eightcap |
| Trading Platform | MetaTrader 4, MetaTrader 5 |
| Trading Instruments | Forex Pairs, Commodities, Indices, Crypto |
Conclusion
To draw a final conclusion, Smart Prop Trader is a reputable and trustworthy proprietary trading company that is managed by Blake Olson. They provide traders with an opportunity to choose between a single evaluation program with different account sizes. While working with them, you will be provided an account through Eightcap and trade on the MetaTrader 4 or MetaTrader 5 trading platform. As for trading instruments, you will be able to trade forex pairs, commodities, indices, and crypto. After considering everything that Smart Prop Trader brings to the table, we can consider them an excellent choice within the proprietary trading firm space.
Smart Prop Trader Review Details
