Exclusive: Prop Trading Firm Smart Prop Trader Shifts to New Brokers, Including cTrader (2024)

FAQs

What is the payout for smart prop firm? ›

Payout System

The default payout ratio for all Smart Prop Trader Traders is set to 75:25, however, an 75% share is not where we draw the line.

The Virtual Profit Split Day can be changed up to 3 times for each withdrawal, anytime between 12 days and 60 days from the start of trading. The payouts are processed within 1-2 business days upon confirming the invoice.

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.

In a typical challenge model, the prop firm will give the trader a certain amount of virtual money to trade with. The trader will then have to meet certain profit targets in order to pass the challenge. Once they pass the challenge, they will be given a funded account that they can use to trade with real money.

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.

Duration To Become A Smart Prop Trader | Smart Prop Trader Help Center. 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.

Make the Smart Choice with us today! As a prop firm with no time limits, you have absolutely unlimited time to pass the verification phases as well as your fully funded trading account. With no time restrictions you can focus on taking the best trading set-ups even if they take days, weeks, years to trigger.

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

Can a trader be millionaire? ›

In conclusion, while it is possible to become a millionaire through forex trading, it is not a guaranteed path to wealth. Achieving such financial success requires a combination of education, skills, strategies, dedication, and effective risk management.

Probably the greatest single trade in history occurred in the early 1990s when George Soros shorted the British Pound, making over $1 billion on the trade. Most of the greatest trades in history are highly leveraged, currency exploitation trades.

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.

- Traders in prop firms often have limited control over the firm's capital. They may need to deposit their own money as collateral or risk management. - Additionally, payouts are subject to the firm's rules, which may restrict a trader's access to profits.

How much money do you need to open a prop firm? Starting an online prop firm can cost as little as $10,000, while starting a traditional prop firm can cost up to $1 million.

Continue to trade consistently and responsibly to qualify for up to a 95% profit split with virtual account scaling up to $2.5 Million!

Agreements typically range from 50/50 to a more favorable 80/20 split after certain thresholds, with some firms offering as much as 90% to the trader.