Find the Highest Reputation Prop Firm - Smart Prop Trader (2024)

We at Smart Prop Trader are here to make every trader’s career a success while also giving them the best guidance and deals on trading. With a professional team that has been serving the trading industry for more than ten years now, we are one of the most reputable prop firms with features like:

  • Competitive prices
  • Free trial account
  • Excellent customer support
  • Good Rating
  • Bi-weekly payouts
  • Unlimited evaluation-free retries
  • News trading provision
  • First payout after 12 calendar days
  • 1:100 leverage
  • No minimum trading day requirements
  • Profit split up to 90%
  • Weekend and overnight holding provision
  • Account scaling option up to $2.5 million
  • Simple trading rules

Find the Highest Reputation Prop Firm - Smart Prop Trader (2)

Find the Highest Reputation Prop Firm - Smart Prop Trader (3)

Find the Highest Reputation Prop Firm - Smart Prop Trader (4)

With us, undercapitalized traders get the chance to work with $400,000 capital with profit splits up to 90% with the provision of account scalability up to $2.5 million.With Think Markets as our broker, we give you access to some of the most excellent trading conditions if you coordinate with us.

Prop Firm Promo Discount

Smart Prop Trader is offering an exclusive promotion for aspiring and experienced traders. For a limited time, from April 1st 2024 to April 30th 2024, we have two offers for you with an 85% profit split:

  • Purchase our 10K to 25K accounts at 15% discount, Use CODE: SPTSTART
  • Purchase our 50K to 100K accounts at 13% discount, Use CODE: SPTSTART1

Make the Smart Choice with us today!

Funding Program Options and Our 2-Step Evaluation Process

We are the highest reputation prop firm with five challenge account sizes, each with the same 2-step evaluation process that aims to identify disciplined and talented traders who are further rewarded for their profitability and consistency in meeting the account challenges. Allowing traders to trade with up to 1:100 leverage, our evaluation program account sizes are as follows:

  • $10, 000 available for $97
  • $25, 000 available for $197
  • $50, 000 available for $297
  • $100, 000 available for $497

Phase 1 of our evaluation program requires traders to meet the profit target of 7% without surpassing the maximum daily loss of 4% and maximum loss of 8%. Traders can hit their profit targets in unlimited trading periods on their evaluation accounts while having minimum trading day requirements to proceed to Phase 2 of our evaluation program. The maximum daily loss and overall loss rules are the same for Phase 2, with only the profit target reaching 5%.

Completing both evaluation phases will make you an SPT trader with a fully funded account with no profit targets. Nevertheless, you have a minimum withdrawal limit of $100 while respecting the 8% overall loss and 4% maximum daily loss rules. Your first payout comes in 12 calendar days from the day you place your first position on your funded account, while the following payouts come bi-weekly. You enjoy a profit split of 85%, extendable up to 90% if you meet all the conditions of the evaluation phase. Plus, you can change your profit split day three times to ensure you get your pay-put on one of the most convenient days.

So why the wait? Make the smart choice and become a funded trader today; contact our support team at Smart Prop Trade via our 24/7 discord support:https://discord.gg/spt

Register on our website to: buy your challenge account, track your account growth, participate in free monthly trading competitions, and join our online community by engaging in tasks for giveaways atwww.smartproptrader.com now!Follow, Like, Subscribe, and Join us on our social handles for updates on free prop firm account giveaways:

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Frequently Asked Questions

How do the evaluation days work?

How are prop traders taxed?

Within what time can I expect to get my account after paying for your trading challenge?

Is there platform change allowed during your evaluation program?

Get Started

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Make The SmartChoice when choosing your next prop firm!

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Disclaimer: Smart Prop Trader offers clients access exclusively to demo accounts within a simulated trading environment. Additionally, the services offered are aimed at assessing professional skills. The results of these services are directly related to each individual's professional skill level and their capacity to follow the program guidelines and objectives detailed for each service. We encourage clients to conduct a comprehensive review of the program requirements before enrolling in any services.
Disclosure on Hypothetical Performance:
The accounts utilized for our services are demo accounts. Hypothetical performance results come with inherent limitations, among which include the fact that they do not reflect actual trading. No claim is made that any account will achieve or is likely to achieve profits or losses comparable to those discussed; in reality, actual results can significantly differ from those predicted by hypothetical performance. Hypothetical performance often benefits from hindsight, does not account for financial risk, and cannot consider the financial risk in actual trading. For instance, the capacity to endure losses or to stick to a trading plan despite losses are crucial factors that can negatively impact real trading results. Many other market factors or aspects of implementing a specific trading program not accounted for in hypothetical performance preparation can also adversely affect actual trading results. Please be aware that we do not offer specific investment advice, business consulting, analysis of investment opportunities, or any general recommendations on trading investment instruments. Trading in financial markets carries a high level of risk, and we advise against risking more than you can afford to lose.
All information on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as investment advice or recommendations. Smart Prop Trader LLC does not provide any of the investment services listed in the Capital Market Undertakings Act No. 256/2004 Coll. The information on this site is not specific to residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Smart Prop Trader LLC is not a broker/dealer and we accept no financial deposits. The website SmartPropTrader.com is owned and operated by Smart Prop Trader LLC, a US company registered at 5830 E. 2nd Street, Casper, WY 82609.

©2024 Smart Prop Trader LLC - All Rights Reserved.

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Find the Highest Reputation Prop Firm - Smart Prop Trader (2024)

FAQs

Find the Highest Reputation Prop Firm - Smart Prop Trader? ›

We are the highest reputation prop firm with five challenge account sizes, each with the same 2-step evaluation process that aims to identify disciplined and talented traders who are further rewarded for their profitability and consistency in meeting the account challenges.

Which prop firm is better than FTMO? ›

FTMO Alternatives Frequently Asked Questions (FAQs):

Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

What is the max allocation for smart prop trader? ›

We also offer our traders an account scaling plan. You may purchase our max allocation of $400,000 each for both 1-phase and 2-phase accounts and scale this up to $2.5 Million with a maximum scalable drawdown up to 28%.

How much do top prop traders make? ›

The salary of a prop trader can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

Which prop firm is the most reliable? ›

Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.

What is the most trusted prop firm in 2024? ›

The 7 Best Prop Trading Firms for 2024: Most Trusted, Best Promos, Best trading conditions
  • Review Summary.
  • My Top Pick: Topstep Futures – 9.4/10 (Best Current Promotion) Pros. ...
  • #2: The 5%ers – 9.2/10. ...
  • #3 FTMO – 9.0/10. ...
  • Interlude: Note on prop firms #4-#7.
  • #4 Lux Trading- 8.7/10.
  • #5 MyFundedFX – 8.5/10.
  • #6: SurgeTrader – 7.9/10.
4 days ago

What is the biggest FTMO payout? ›

Dariusz from the USA exceeded everyone's expectations and made his dreams come true. As our FTMO Trader with a maximum allocation, he beat the previous record payout of $500,180 thanks to his profit of $1,206,225, the biggest payout in the industry!

How many traders pass FTMO? ›

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

Is TopStep better than FTMO? ›

Features Comparison: TopStep vs FTMO

Range of Markets: FTMO offers a wider range of trading instruments compared to TopStep's focus on futures. Profit Sharing: FTMO tends to offer a higher profit share ratio. Educational Support: TopStep provides more structured educational content, especially for futures trading.

Can you make a living with prop trading? ›

Also known as “prop trading,” it offers higher earnings potential much earlier in your career than jobs like investment banking or private equity. It's arguably the most merit-based industry within finance: if you make millions of dollars for your firm, you'll earn some percentage of it.

Is EA allowed in Smart prop trader? ›

Smart Prop Trader allows EA's. However, we do not allow any EA that takes advantage of a demo environment. We do not allow HFT, Martingale, Grid Trading, or Latency Arbitrage strategies in any form.

Is hedging allowed in Smart prop trader? ›

No restrictions on trading style. No maximum and minimum day limits. News trading allowed. Copy traders, indicators, hedging, and EAs allowed.

How many traders pass prop firms? ›

According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders. But why is the percentage of failure so high?

Do banks still prop trade? ›

Institutions such as brokerage firms, investment banks, and hedge funds frequently have proprietary trading desks. However, there are restrictions against large banks engaging in prop trading, designed to limit the speculative investments that contributed the 2007-2008 financial crisis.

Is trading for a prop firm worth it? ›

Is working with a prop firm worth it? There are many unique advantages that make working with a prop firm worth it. These include access to unique software and information, trading with the firm's capital, and cashing in a large portion of your winnings.

Which prop firm gives real money? ›

FTMO is a prop firm that provides funding and training to traders worldwide. It was founded in 2015 by two experienced traders, Otakar Suffner and Marek Chrastina. The firm aims to help traders achieve financial independence by providing them with the necessary tools, guidance, and capital to trade successfully.

How do I choose a prop trading firm? ›

Don't just pick the first prop trading firm you find. Choose one with a good reputation, support for traders, good tools, safety measures, fair costs, and a friendly community. This way, you can trade smarter and have a better chance at success.

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