Smart Prop Trader offers various account types to accommodate different trading needs and preferences. The accounts include:
- Standard Challenge Account:
- Initial Capital: $10,000 - $200,000
- Price Range: $67 - $867
- Profit Split: 85% - 90%
- Daily Loss Limit: 4%
- Max Drawdown: 10%
- Profit Target: 7% (Phase 1) and 5% (Phase 2)
- Pro Challenge Account:
- Initial Capital: $10,000 - $200,000
- Price Range: $67 - $867
- Profit Split: 85% - 90%
- Daily Loss Limit: 5%
- Max Drawdown: 12%
- Profit Target: 8% (Phase 1) and 5% (Phase 2)
- New $5k Accounts:
- Minimum Deposit: $5,000
- Accessibility: Designed for aspiring traders with limited capital to enter the trading world.
These account types provide traders with opportunities to grow their capital while benefiting from Smart Prop Trader's supportive environment and resources.
Smart Prop Trader Broker Account Opening Process
To open an account with Smart Prop Trader, follow these steps:
- Sign Up:
- Visit the Smart Prop Trader website and complete the application form with your personal information.
- Fund Your Account:
- Choose the desired account type (e.g., Standard Challenge or Pro Challenge) and fund your account. Various payment methods are available.
Smart Prop Trader accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .