Smart Prop Trader’s Standard Challenge offers traders the chance to manage account sizes ranging from $5,000 to $100,000. The program aims to discover skilled traders who demonstrate profitability and effective risk management skills over a two-step evaluation period. Traders participating in the Standard Challenge can utilize leverage of up to 1:30.

Account Sizes

– $5,000 – $57
– $10,000 – $97
– $25,000 – $197
– $50,000 – $297
– $100,000 – $497

Smart Prop Trader Evaluation Phases

Evaluation Phase One

In the first evaluation phase, traders are tasked with achieving a profit target of 7% without exceeding a 4% maximum daily loss or an 8% maximum loss. There are no specific requirements for minimum or maximum trading days during phase one. To advance to phase two, traders must meet the 7% profit target while adhering to the specified loss limits.

Evaluation Phase Two

The second evaluation phase requires traders to achieve a profit target of 5% while maintaining the same 4% maximum daily loss and 8% maximum loss rules. Similar to phase one, there are no restrictions on the number of trading days. To qualify for funded status, traders need to achieve the 5% profit target without breaching the maximum daily or maximum loss limits.

Funded Account Details

Upon successfully completing both evaluation phases, traders receive a funded account with no minimum withdrawal requirements. Traders must adhere strictly to the 4% maximum daily loss and 8% maximum loss rules. The first payout is available 12 calendar days after placing the first trade on the funded account, with subsequent withdrawals possible bi-weekly. Profit splits range from 75% to 95% based on the earnings generated from the funded account.

Standard Challenge Scaling Plan
The Standard Challenge at Smart Prop Trader features a scaling plan designed to reward consistent profitability and responsible trading practices.

Scaling Criteria

Traders who maintain profitability for three consecutive months, achieving a minimum monthly return of 2%, qualify for account size increases. Each successful scaling period results in a 25% increase in the initial account size, accompanied by a 2% maximum loss limit increase, up to a maximum of 28%. Upon scaling, traders also benefit from an enhanced profit split, increasing to 95%.

Example Scaling Progression

– After 3 Months: A qualified $100,000 account increases to $125,000.
– After the Next 3 Months: A qualified $125,000 account increases to $150,000.
– After the Next 3 Months: A qualified $150,000 account increases to $175,000.
– And so forth…

Standard Challenge Trading Rules & Objectives

Profit Target
Traders must achieve specific profit targets to successfully complete each evaluation phase, withdraw earnings, or qualify for scaling. Phase 1 requires reaching a 7% profit target, while Phase 2 mandates achieving a 5% profit target. Funded accounts do not impose specific profit targets beyond the evaluation phases.

Maximum Daily Loss
The maximum allowable loss per trading day is capped at 4% across all account sizes, ensuring risk management remains a priority.

Maximum Loss
Traders must adhere to an overall maximum loss limit of 8% initially, which scales up to 28% upon successful scaling periods.

No Martingale Strategy
Employment of martingale strategies during trading activities is strictly prohibited, ensuring responsible trading practices are maintained at all times.

This structured approach in the Standard Challenge at Smart Prop Trader aims to foster disciplined trading behaviors while rewarding consistent profitability through gradual scaling and enhanced profit splits.

Smart Prop Trader’s Pro Challenge offers traders the chance to manage account sizes ranging from $5,000 to $50,000. The program aims to discover skilled traders who demonstrate profitability and effective risk management skills over a two-step evaluation period. Traders participating in the Pro Challenge can utilize leverage of up to 1:30.

Account Sizes

– $5,000 – $67
– $10,000 – $117
– $25,000 – $237
– $50,000 – $357

Smart Prop Trader Evaluation Phases

Evaluation Phase One

In the first evaluation phase of the Pro Challenge at Smart Prop Trader, traders aim to achieve a profit target of 8% while adhering to a maximum daily loss limit of 5% and an overall maximum loss limit of 12%. There are no restrictions on the number of trading days during phase one. To progress to phase two, traders must meet the 8% profit target without exceeding the specified loss limits.

Evaluation Phase Two

The second evaluation phase requires traders to reach a profit target of 5% while maintaining the same maximum daily loss limit of 5% and maximum loss limit of 12%. Similar to phase one, there are no minimum or maximum trading day requirements during this phase. Successfully achieving the 5% profit target qualifies traders for funded status.

Funded Account Details

Upon completing both evaluation phases, traders receive a funded account with Smart Prop Trader. The funded account has no minimum withdrawal requirements but requires traders to adhere strictly to a 5% maximum daily loss and 12% maximum loss rules. The first payout is available 12 calendar days after the first trade placement on the funded account, with subsequent withdrawals possible bi-weekly. Profit splits range from 75% to 95%, depending on the profitability of the funded account.

Pro Challenge Scaling Plan

The Pro Challenge at Smart Prop Trader includes a scaling plan designed to reward consistent profitability and responsible trading practices.

Scaling Criteria

Traders who maintain profitability for three consecutive months, achieving a minimum monthly return of 2%, qualify for account size increases. Each successful scaling period results in a 25% increase in the initial account size, accompanied by a 2% maximum loss limit increase, up to a maximum of 28%. Upon scaling, traders also benefit from an enhanced profit split, increasing to 90%.

Example Scaling Progression

– After 3 Months: A qualified $50,000 account increases to $62,500.
– After the Next 3 Months: A qualified $62,500 account increases to $75,000.
– After the Next 3 Months: A qualified $75,000 account increases to $87,500.
– And so forth…

Pro Challenge Trading Rules & Objectives

Profit Target
Traders must achieve specific profit targets to successfully complete each evaluation phase, withdraw earnings, or qualify for scaling. Phase 1 requires reaching an 8% profit target, while Phase 2 mandates achieving a 5% profit target. Funded accounts do not impose specific profit targets beyond the evaluation phases.

Maximum Daily Loss
The maximum allowable loss per trading day is capped at 5% across all account sizes, ensuring risk management remains a priority.

Maximum Loss
Traders must adhere to an overall maximum loss limit of 12% initially, which scales up to 28% upon successful scaling periods.

No Martingale Strategy
Employment of martingale strategies during trading activities is strictly prohibited, ensuring responsible trading practices are maintained at all times.

This structured approach in the Pro Challenge at Smart Prop Trader aims to foster disciplined trading behaviors while rewarding consistent profitability through gradual scaling and enhanced profit splits.