Why Smart Prop Trader is the Safest and Best Firm Available? | Smart Prop Trader Help Center (2024)

The purpose of this article is to review the top factors that contribute to Smart Prop Trader being the safest and all-around best firm to partner with throughout your trading journey. Whether you're brand new to completing trading challenges or you're a seasoned pro, Smart Prop Trader has got your back and wants your trading journey to be a world-class experience. Below, we review the factors that truly make Smart Prop Trader distinctive from our competitors and the hands-down best choice for your trading journey.

We want our traders to feel valued for their contributions, so Smart Prop Trader offers the best profit split within the industry, with our profit split reaching up to 90/10! Yes, you read that correctly, we offer up to 90% of profits to our traders who continue to demonstrate success on our platform. We believe traders should reap the largest rewards from their efforts, so we deliver only the best profit split for our valued user base. Why waste your time partnering with other firms who fail to give you the lion's share of your hard work, make the smart choice and partner with SPT on your trading journey.

Unlike some of our competitors, Smart Prop Trader works with customers from all countries and doesn't discriminate against a trader based on what country they are operating within. It is ethically and morally imperative to refrain from discriminating against customers based on their nationality or country of origin. Smart Prop Trader whole-heartedly believes that every individual, regardless of their nationality, deserves to be treated with respect, fairness, and dignity. Discrimination based on nationality perpetuates harmful stereotypes and prejudices, which not only undermine the integrity of businesses, but also contribute to societal divisions and injustices. Embracing diversity and inclusivity fosters a sense of belonging and promotes social cohesion, aligning with the moral obligation to uphold universal human rights. By rejecting discrimination against customers from different countries, businesses demonstrate their commitment to ethical principles and contribute to creating a more just and equitable society where everyone has equal opportunities and access to goods and services. If a firm won't partner with you for this reason, then make the smart choice and join our community of thriving traders.

Delivering high-caliber customer service isn't an easy feat, and is certainly more challenging in the world of fin-tech. Smart Prop Trader prides ourselves on delivering industry leading customer service to our users, with customer satisfaction ratings consistently being above 95%. We have a dedicated Customer Success team available to provide our customers world-class support 24 hours a day, and 7 days a week! Unlike other firms, we are always available to provide support to our users to ensure your trading journey is fruitful. In addition to providing high-quality customer support, our Customer Success team consistently delivers quick resolutions, with our first-response time on average being within 2-minutes. Providing high quality customer experience while at the same time delivering results quickly to customers is something not often found throughout organizations within any industry, and this fact is particularly important in the world of fin-tech. If you want to learn more about our optimal customer support, we encourage you to read our reviews on TrustPilot.

Smart Prop Trader is known for delivering fast payouts to our customers in addition to completing valuations of performance in our 2-Phase Challenges. With payouts and evaluations often being completed in less than 24 business hours, we provide an industry leading turnaround for our users. We believe hard work should be rewarded and rewarded quickly. Therefore, our customers can consistently expect industry leading turnaround times for payouts and evaluation of challenges.

Smart Prop Trader isn't just a firm for traders to grow and demonstrate their mastery experiences, we are truly a community of thriving traders. We regularly have on-going discussions amongst the top traders in the world sharing their best practices and strategies within our Discord community. Our Customer Success team also contributes to these discussions and encourages traders to continue their discussions with our team by utilizing our 24/7 live chat feature built directly into our website. We want our traders to be successful and to share their success with other users, so we encourage you to join the conversations on our active Discord channel.

For all the above reasons and more, we hope everyone makes the smart choice by joining the firm that will ensure you get the most out of trading and continue to be successful. Whether you're completely new to trading or you're a market veteran, traders from all walks of life are encouraged to join the safest and best firm available by partnering with Smart Prop Trader.

Why Smart Prop Trader is the Safest and Best Firm Available? | Smart Prop Trader Help Center (2024)

FAQs

How to withdraw from smart prop trader? ›

The Virtual Profit Split on the Smart Prop Trader Account is done on a monthly basis by default, with the option for traders to request their first payout after a period of 4 calendar weeks after the first placed trade on the account, and after a period of 2 calendar weeks after the first placed trade on the account ...

Are prop firms too good to be true? ›

Forex traders sometimes ask if prop firms are scammers. The simple answer is no, they are not. Being a prop firm does not make a company automatically a scammer.

How many accounts can you have on smart prop trader? ›

We do not place any limit on the number of virtual trading accounts you can have in the Smart Prop Trader Challenge and Verification.

What is the inactivity rule for smart prop traders? ›

You have unlimited days during Phase 1 and during Phase 2. Additionally, there is a 30 day inactivity rule whereby traders must complete at least 1 trade within a 30 day period to avoid their account being breached due to inactivity.

What happens if you lose money prop trading? ›

Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this “challenge.” If you lose money during this evaluation, you won't owe anything beyond the initial fee.

Do prop firms give real money to trade with? ›

Prop firms, or proprietary trading firms, give traders access to simulated capital. In return, the traders agree to give the firm a percentage of their profits. Traders normally have access to various markets, including crypto, Forex, and even the news.

Where is Smart prop trader registered? ›

Our address is 30 N Gould ST Ste N, Sheridan, WY 82801. You can contact us by filling out the contact form, sending us an email, and using our Discord channel – all of these can be found in the contact section. Why should I join Smart Prop Trader? Who can join Smart Prop Trader?

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.

How much does the average prop trader 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.

Why is prop trading illegal? ›

The Volcker Rule is one of the more controversial pieces of legislation to emerge from the financial crisis. Attached to the Dodd-Frank Act, the rule was intended to limit banks' ability to make speculative investments that do not benefit their customers.

What is the max allocation for smart prop trader? ›

Each Smart Prop Trader Challenge needs to be traded from the beginning, irrespective of the progress on your other accounts. As we need to diversify our risk and exposure, we allow a maximum capital allocation of $400,000 per trader or per strategy, at any given time.

What is the max drawdown on smart prop? ›

Static Drawdown: When you open the account, your max drawdown is set at 8% of your starting balance. This will be static for the life of the account. The daily drawdown amount is always fixed at 4% of the initial balance or account size purchased.

Can I withdraw from my Prop firm account? ›

The prop firm will deduct their share every month or at every withdrawal, but never exceeding 20%. The maximum amount a trader can withdraw from a LiveSim® obtained after a Trader Career Path® evaluation is the corresponding profit target with 20% deducted for the prop firm.

How do I withdraw my trading balance? ›

To initiate a withdrawal from your trading account, ensure an ample free balance, and proceed by placing a withdrawal request through your trading platform or by contacting your broker's customer care. Provide the necessary details, including the withdrawal amount and bank information.

How do I withdraw money from my investment account? ›

Yes, you can pull money out of a brokerage account with a bank account transfer, a wire transfer, or by requesting a check. You can only withdraw cash, so if you want to withdraw more than your cash balance, you'll need to sell investments first.

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