Smart Prop Trader offers traders the ability to trade a funded account up to $2.5 million if they pass an evaluation period. They have a tiered challenge structure starting at $10k up to $200k, where traders need to meet profit targets of 7% then 5% while not exceeding a 4% daily loss limit or 8% max loss. Accounts have no minimum trading days or weekend holding restrictions.
If traders meet consistent profit targets, the firm will increase their account size by 25% every 3 months. There is also an account scaling plan where profitable traders can receive up to a 90% payout. The firm highlights flexible payout scheduling, the ability to trade any instruments/strategies, and top-rated customer service.
Compare Your Choices:
| Details |
SmartProp Trader |
Fundex Next |
FTMO |
| Account |
$100,000 Account (2 Step) |
| Price |
$497 |
$519 |
$553 |
| Targets Phase 1 & 2 |
7% & 5% |
8% & 5% |
10% & 5% |
| Daily Max Drawdown |
4% |
5% |
5% |
| Total Max Drawdown |
8% |
10% |
10% |
| Min. Trading Days |
0 Days |
5 Days |
4 Days |
| Time Period |
Unlimited |
| Profit Split |
85% |
85% |
85% |
| Hold Trade on Weekends |
Yes |
Choose Your Account:
| Choose Your Account |
$10,000 |
$25,000 |
$50,000 |
$100,000 (Most Popular) |
$200,000 |
| STEP 1 - Profit Target (7%) |
$700 |
$1,750 |
$3,500 |
$7,000 |
$14,000 |
| STEP 2 - Profit Target (5%) |
$500 |
$1,250 |
$2,500 |
$5,000 |
$10,000 |
| Virtual Daily Loss Limit (4%) |
$400 |
$1,000 |
$2,000 |
$4,000 |
$8,000 |
| Virtual Maximum Loss (8%) |
$800 |
$2,000 |
$4,000 |
$8,000 |
$16,000 |
| Drawdown Type |
Static |
| Minimum Trading Days |
0 Days |
| Profit Split |
85% |
| Leverage |
up to 1:100 |
| Refundable Fee |
$97 |
$197 |
$297 |
$497 |
$997 |
Imagine you have a virtual piggy bank that's part of a game. Each day, you're allowed to take out coins, but there are two main rules:
You can only take out a small amount each day, up to 4% of the total coins you started with in the bank. This is your daily limit. You also have an overall limit, which is the total amount you can take out before the game makes you stop. This total limit is 8% of the starting coins.
So, if you had 100 coins in your virtual piggy bank at the start of the game:
On any day, the most you could take out would be 4 coins (which is 4% of your 100 coins).
Across all days, once you've taken out 8 coins in total (which is 8% of your 100 coins), you can't take out any more. This is how the game keeps track of the withdrawals and makes sure you don't take out too much at once.
In summary, a key differentiation of this prop firm seems to be its account scaling combined with a very trader-friendly payout structure and flexible policies around account use - paired with a commitment to addressing trader issues. The focus is on establishing long-term relationships with profitable traders.
