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Overview
Smart Prop Trader, led by CEO Blake Olsen, is a United States-based proprietary trading firm that has been operational for one year. The firm offers trading on the MT4 and MT5 platforms, partnering with EightCap as its broker. The firm provides a range of account sizes from $10,000 to $200,000, which caters to a wide array of traders. Smart Prop Trader employs a two-step evaluation process, and the profit targets for the evaluation phases are set at 7% for Phase 1 and 5% for Phase 2. The maximum total drawdown is fixed at 8% across all accounts, indicating a uniform approach to risk management. Smart Prop Trader offers traders a focused selection of instruments suitable for various trading strategies. Their platform includes FX Pairs, Commodities, Indices, and Cryptocurrencies in its offerings. The leverage options are tailored to each asset class: 1:100 for FX Pairs, 1:20 for both Metals and Indices, and a cautious 1:2 for Cryptos, considering their volatility.
CEO
Blake Olsen
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Nunc id cursus metus aliquam eleifend mi in. Nunc vel risus commodo viverra maecenas acc*msan lacus. Vel orci porta non pulvinar neque laoreet suspendisse interdum consectetur. In arcu cursus euismod quis viverra nibh. Elit sed vulputate mi sit amet mauris. Diam donec adipiscing tristique risus nec feugiat in fermentum posuere. Fermentum dui faucibus in ornare quam viverra orci sagittis. Amet consectetur adipiscing elit duis tristique sollicitudin nibh sit amet. Eu ultrices vitae auctor eu. Mattis pellentesque id nibh tortor id aliquet lectus. Dictumst vestibulum rhoncus est pellentesque elit ullamcorper dignissim.
Aenean sed adipiscing diam donec adipiscing. Erat imperdiet sed euismod nisi porta lorem mollis. Sem et tortor consequat id porta nibh. At in tellus integer feugiat scelerisque. Volutpat commodo sed egestas egestas fringilla phasellus. Euismod elementum nisi quis eleifend quam adipiscing vitae proin. Ut consequat semper viverra nam libero justo laoreet sit. Dictum fusce ut placerat orci nulla pellentesque dignissim. Auctor elit sed vulputate mi sit amet mauris. Egestas diam in arcu cursus euismod quis. Est ultricies integer quis auctor.
Established
September 2022
Country
United States
Broker
ThinkMarkets, Match Trade
Platform
DXtrade, Match Trader
Trust Pilot
4.7
INSTRUMENTS
- FX Pairs
- Metals
- Indices
- Cryptos
LEVERAGE
- FX Pairs - 1:100
- Metals and Indices - 1:20
- Cryptos - 1:2
Commissions
- $6 Commission for 1 Standard lot on FX
- No Commission on Metals, Indices & Crypto.
Scaling
Smart Prop Trader (SPT) introduces a scaling plan structured around 3-month intervals, offering traders a systematic approach to account growth. This plan entails a 25% boost to the trader's virtual account balance, which allows traders to scale their account up to $2,500,000. As traders progress through the scaling stages, the pay-out ratio experiences a substantial shift, stabilizing at a 90/10 split. In practical terms, this allows traders to retain a significant 90% of their earned profits. Another noteworthy element is the systematic increase in the maximum drawdown limit. Every 3 months, traders witness a measured addition of 2% to their maximum drawdown, reaching a cap of 28%. Additionally, traders must consistently achieve a minimum of 2% profit each month for three consecutive months to scale up. For instance, in Month 1, you achieve a 3% profit, in Month 2, you make a 1.5% profit, and in Month 3, you record a 2.5% profit. In this case, you would be eligible for scaling up, as your average monthly profit exceeds the required minimum of 2%.
DEMOACCOUNT
- Create an account with SmartPropTrader here and receive demo credentials.
Exclusive discount code:
MATCH
10% off + Free Account of the Same Size if Reaching Payout on all challenges
USECODE:
MATCH
Showing
results
Firm
Price
account size
Profit Split
Profit Target
Max. Daily Loss
Max. Total Drawdown
daily drawdown reset type
Activation Fee
COMmission per round lot (Forex)
Technology
profit target to drawdown ratio
Min. Trading Days
leverage
refund fee
scaling
Payout Frequency
trust pilot rating
Year established and country
country
Loyalty Points
BUY
$97.00
$97.00
$63.05
MONTHLY
DISCOUNT EXPIRED
i
10K
10,000
10K
2 steps
85%
85%
1:
7%
2:
5%
3:
12%
x
4%
None
8%
Equity-based
White-Label
$7/round lot
White-Label
1:
0.67
Static
None
100:1
100%
125%
12 Days
4.7
September 2022
United States
United States
32
Name
Smart Prop Trader - Challenges - 2-Steps 10K
Original Price
$97.00
Discount Price
$63.05
Account Size
10K
Profit Split
85%
85%
Phase 1 Profit Target
7%
Phase 2 Profit Target
5%
Max Daily Loss
4%
Max Total Drawdown
8%
Daily Drawdown Reset Type
Equity-based
Drawdown Method
Static
Minimum Trading Days
None
Maximum Trading Days
Unlimited
Stop-loss Required
No
Profit Target to Drawdown Ratio
1:
0.67
Commissions (Forex)
100%
$7/round lot
Leverage
Up to
100:1
Data Included
Activation Fee
Reset Fee
Consistency Rule
100%
Refund Fee
100%
125%
Scaling
Yes
No
Expert Advisors (EA's) Allowed
Yes
No
Copy Trading
Yes
News Trading
Yes
Payout Frequency
12 Days
100%
Max Allocation (without scaling)
100%
400K
Broker
ThinkMarkets, Match Trade
Trading Platform(s)
DXtrade, Match Trader
Trust Pilot Rating
4.7
Established
September 1, 2022
Country
United States
Loyalty Points
32
$197.00
$197.00
$128.05
MONTHLY
DISCOUNT EXPIRED
i
25K
25,000
25K
2 steps
85%
85%
1:
7%
2:
5%
3:
12%
x
4%
None
8%
Equity-based
White-Label
$7/round lot
White-Label
1:
0.67
Static
None
100:1
100%
125%
12 Days
4.7
September 2022
United States
United States
60
Name
Smart Prop Trader - Challenges - 2-Steps 25K
Original Price
$197.00
Discount Price
$128.05
Account Size
25K
Profit Split
85%
85%
Phase 1 Profit Target
7%
Phase 2 Profit Target
5%
Max Daily Loss
4%
Max Total Drawdown
8%
Daily Drawdown Reset Type
Equity-based
Drawdown Method
Static
Minimum Trading Days
None
Maximum Trading Days
Unlimited
Stop-loss Required
No
Profit Target to Drawdown Ratio
1:
0.67
Commissions (Forex)
100%
$7/round lot
Leverage
Up to
100:1
Data Included
Activation Fee
Reset Fee
Consistency Rule
100%
Refund Fee
100%
125%
Scaling
Yes
No
Expert Advisors (EA's) Allowed
Yes
No
Copy Trading
Yes
News Trading
Yes
Payout Frequency
12 Days
100%
Max Allocation (without scaling)
100%
400K
Broker
ThinkMarkets, Match Trade
Trading Platform(s)
DXtrade, Match Trader
Trust Pilot Rating
4.7
Established
September 1, 2022
Country
United States
Loyalty Points
60
$497.00
$497.00
$323.05
MONTHLY
DISCOUNT EXPIRED
i
100K
100,000
100K
2 steps
85%
85%
1:
7%
2:
5%
3:
12%
x
4%
None
8%
Equity-based
White-Label
$7/round lot
White-Label
1:
0.67
Static
None
100:1
100%
125%
12 Days
4.7
September 2022
United States
United States
132
Name
Smart Prop Trader - Challenges - 2-Steps 100K
Original Price
$497.00
Discount Price
$323.05
Account Size
100K
Profit Split
85%
85%
Phase 1 Profit Target
7%
Phase 2 Profit Target
5%
Max Daily Loss
4%
Max Total Drawdown
8%
Daily Drawdown Reset Type
Equity-based
Drawdown Method
Static
Minimum Trading Days
None
Maximum Trading Days
Unlimited
Stop-loss Required
No
Profit Target to Drawdown Ratio
1:
0.67
Commissions (Forex)
100%
$7/round lot
Leverage
Up to
100:1
Data Included
Activation Fee
Reset Fee
Consistency Rule
100%
Refund Fee
100%
125%
Scaling
Yes
No
Expert Advisors (EA's) Allowed
Yes
No
Copy Trading
Yes
News Trading
Yes
Payout Frequency
12 Days
100%
Max Allocation (without scaling)
100%
400K
Broker
ThinkMarkets, Match Trade
Trading Platform(s)
DXtrade, Match Trader
Trust Pilot Rating
4.7
Established
September 1, 2022
Country
United States
Loyalty Points
132
$297.00
$297.00
$193.05
MONTHLY
DISCOUNT EXPIRED
i
50K
50,000
50K
2 steps
85%
85%
1:
7%
2:
5%
3:
12%
x
4%
None
8%
Equity-based
White-Label
$7/round lot
White-Label
1:
0.67
Static
None
100:1
100%
125%
12 Days
4.7
September 2022
United States
United States
82
Name
Smart Prop Trader - Challenges - 2-Steps 50K
Original Price
$297.00
Discount Price
$193.05
Account Size
50K
Profit Split
85%
85%
Phase 1 Profit Target
7%
Phase 2 Profit Target
5%
Max Daily Loss
4%
Max Total Drawdown
8%
Daily Drawdown Reset Type
Equity-based
Drawdown Method
Static
Minimum Trading Days
None
Maximum Trading Days
Unlimited
Stop-loss Required
No
Profit Target to Drawdown Ratio
1:
0.67
Commissions (Forex)
100%
$7/round lot
Leverage
Up to
100:1
Data Included
Activation Fee
Reset Fee
Consistency Rule
100%
Refund Fee
100%
125%
Scaling
Yes
No
Expert Advisors (EA's) Allowed
Yes
No
Copy Trading
Yes
News Trading
Yes
Payout Frequency
12 Days
100%
Max Allocation (without scaling)
100%
400K
Broker
ThinkMarkets, Match Trade
Trading Platform(s)
DXtrade, Match Trader
Trust Pilot Rating
4.7
Established
September 1, 2022
Country
United States
Loyalty Points
82
Firm
Price
account size
Profit Split
Profit Target
Max. Daily Loss
Max. Total Drawdown
Activation Fee
COMmission per round lot (Forex)
profit target to drawdown ratio
Min. Trading Days
leverage
refund fee
scaling
Payout Frequency
trust pilot rating
Years in business
country
Loyalty Points
BUY
$197.00
$197.00
$128.05
MONTHLY
DISCOUNT EXPIRED
25K
25,000
25K
2 steps
85%
85%
1:
7%
2:
5%
3:
12%
x
4%
None
8%
$7/round lot
1:
0.67
Static
None
100:1
100%
125%
12 Days
4.7
1
United States
60
Original Price
$197.00
Discount Price
$128.05
Account Size
25K
Profit Split
85%
85%
Phase 1 Profit Target
7%
Phase 2 Profit Target
5%
Max Daily Loss
4%
Max Total Drawdown
8%
Daily Drawdown Reset Type
Equity-based
Drawdown Method
Static
Minimum Trading Days
None
Maximum Trading Days
Unlimited
Stop-loss Required
No
Profit Target to Drawdown Ratio
1:
0.67
Commissions (Forex)
100%
$7/round lot
Leverage
Up to
100:1
Data Included
Activation Fee
Reset Fee
Consistency Rule
100%
Refund Fee
100%
125%
Scaling
Yes
No
Expert Advisors (EA's) Allowed
Yes
No
Copy Trading
Yes
News Trading
Yes
Payout Frequency
12 Days
100%
Max Allocation
100%
400K
Broker
ThinkMarkets
Trading Platform(s)
DXtrade, Match-Trader
Trust Pilot Rating
4.7
Years in Business
1
Country
United States
Loyalty Points
60
$497.00
$497.00
$323.05
MONTHLY
DISCOUNT EXPIRED
100K
100,000
100K
2 steps
85%
85%
1:
7%
2:
5%
3:
12%
x
4%
None
8%
$7/round lot
1:
0.67
Static
None
100:1
100%
125%
12 Days
4.7
1
United States
132
Original Price
$497.00
Discount Price
$323.05
Account Size
100K
Profit Split
85%
85%
Phase 1 Profit Target
7%
Phase 2 Profit Target
5%
Max Daily Loss
4%
Max Total Drawdown
8%
Daily Drawdown Reset Type
Equity-based
Drawdown Method
Static
Minimum Trading Days
None
Maximum Trading Days
Unlimited
Stop-loss Required
No
Profit Target to Drawdown Ratio
1:
0.67
Commissions (Forex)
100%
$7/round lot
Leverage
Up to
100:1
Data Included
Activation Fee
Reset Fee
Consistency Rule
100%
Refund Fee
100%
125%
Scaling
Yes
No
Expert Advisors (EA's) Allowed
Yes
No
Copy Trading
Yes
News Trading
Yes
Payout Frequency
12 Days
100%
Max Allocation
100%
400K
Broker
ThinkMarkets
Trading Platform(s)
DXtrade, Match-Trader
Trust Pilot Rating
4.7
Years in Business
1
Country
United States
Loyalty Points
132
$97.00
$97.00
$63.05
MONTHLY
DISCOUNT EXPIRED
10K
10,000
10K
2 steps
85%
85%
1:
7%
2:
5%
3:
12%
x
4%
None
8%
$7/round lot
1:
0.67
Static
None
100:1
100%
125%
12 Days
4.7
1
United States
32
Original Price
$97.00
Discount Price
$63.05
Account Size
10K
Profit Split
85%
85%
Phase 1 Profit Target
7%
Phase 2 Profit Target
5%
Max Daily Loss
4%
Max Total Drawdown
8%
Daily Drawdown Reset Type
Equity-based
Drawdown Method
Static
Minimum Trading Days
None
Maximum Trading Days
Unlimited
Stop-loss Required
No
Profit Target to Drawdown Ratio
1:
0.67
Commissions (Forex)
100%
$7/round lot
Leverage
Up to
100:1
Data Included
Activation Fee
Reset Fee
Consistency Rule
100%
Refund Fee
100%
125%
Scaling
Yes
No
Expert Advisors (EA's) Allowed
Yes
No
Copy Trading
Yes
News Trading
Yes
Payout Frequency
12 Days
100%
Max Allocation
100%
400K
Broker
ThinkMarkets
Trading Platform(s)
DXtrade, Match-Trader
Trust Pilot Rating
4.7
Years in Business
1
Country
United States
Loyalty Points
32
$297.00
$297.00
$193.05
MONTHLY
DISCOUNT EXPIRED
50K
50,000
50K
2 steps
85%
85%
1:
7%
2:
5%
3:
12%
x
4%
None
8%
$7/round lot
1:
0.67
Static
None
100:1
100%
125%
12 Days
4.7
1
United States
82
Original Price
$297.00
Discount Price
$193.05
Account Size
50K
Profit Split
85%
85%
Phase 1 Profit Target
7%
Phase 2 Profit Target
5%
Max Daily Loss
4%
Max Total Drawdown
8%
Daily Drawdown Reset Type
Equity-based
Drawdown Method
Static
Minimum Trading Days
None
Maximum Trading Days
Unlimited
Stop-loss Required
No
Profit Target to Drawdown Ratio
1:
0.67
Commissions (Forex)
100%
$7/round lot
Leverage
Up to
100:1
Data Included
Activation Fee
Reset Fee
Consistency Rule
100%
Refund Fee
100%
125%
Scaling
Yes
No
Expert Advisors (EA's) Allowed
Yes
No
Copy Trading
Yes
News Trading
Yes
Payout Frequency
12 Days
100%
Max Allocation
100%
400K
Broker
ThinkMarkets
Trading Platform(s)
DXtrade, Match-Trader
Trust Pilot Rating
4.7
Years in Business
1
Country
United States
Loyalty Points
82
Firm
Price
account size
Profit Split
Profit Target
Max. Daily Loss
Max. Total Drawdown
Activation Fee
COMmission per round lot (Forex)
profit target to drawdown ratio
Min. Trading Days
leverage
refund fee
scaling
Payout Frequency
trust pilot rating
Years in business
country
Loyalty Points
BUY
No items found.
No items found.
0.0
Reviews
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4 Stars
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1 Stars
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Sinyor
February 3, 2024
10K
2 Steps
-Step
Like other firms' conditions, I can say that for forex pairs spreads were low, but for NQ or SP500, spreads were quite high. Its dashboard is quite useful and clear. Comparing with other firms, its lot commisions lower than other, but I can't say that this is enough as I was acpect more lower. Nevertheless, except its commisions and high spread for equities, this prop firms can consider to take a challenge.
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