Leading Proprietary Trading Firms Near Me | Smart Prop Trader (2024)

Smart Prop Trader is one of the bestUS-based prop trading firms. Since our establishment in Austin, Texas, in January 2023, we are dedicated to helping traders by offering them risk-free trading accounts of up to $100,000 available at a refundable fee of $497. In the last 2 weeks of June alone, we have enrolled many traders giving away around 275 funded trading accounts with a total of $5 Million.
We arethe funded trader prop firm committed to offering flexibility while placing you, the traders, at the forefront. With varied trading platforms and models, we ensure you get the flexibility and freedom to choose the approach that best suits your objectives and preferences.
We are one of the most transparentfunded trading firmsoffering superior quality customer service and a 5-star support system for all our clients.

Leading Proprietary Trading Firms Near Me | Smart Prop Trader (2)

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PROP FIRM PROMO CODE:

Smart Prop Trader is offering an exclusive promotion for aspiring and experienced traders. For a limited time, from March 1st to March 31st 2024, we have three offers for you with an 85% profit split and a 125% refund on passing the verification phase:

  • Purchase our 10K to 25K accounts at 33% discount, Use CODE: MARCH33
  • Purchase our 50K to 100K accounts at 22% discount, Use CODE: MARCH22
  • Purchase our 200K accounts at 11% discount, Use CODE: MARCH11

Make the Smart Choice with us today!

Our Maximum Capital Offering

Maximum capital offering from Smart Prop Trader goes like this:

  • We offer a maximum capital of $400,000 per trader at any given time. You can avoid risking your money while participating in our challenge. Refrain from owning several accounts with us through varied registrations, as this may result in suspending those accounts according to our terms and conditions.
  • If you consistently profit from your Smart Prop Trader Account, we enjoy allocating added capital according to our scaling strategy. We will increase your account size by 25% and your max base drawdown of 8% by 2% every three months. With us, you can scale your Smart Prop Trader Account up to $2.5 Million and your max drawdown to 28%.

So why the wait? Make the smart choice and become a funded trader today; contact our support team at Smart Prop Trade via our 24/7 discord support:https://discord.gg/spt

Register on our website to: buy your challenge account, track your account growth, participate in free monthly trading competitions, and join our online community by engaging in tasks for giveaways atwww.smartproptrader.com now!Follow, Like, Subscribe, and Join us on our social handles for updates on free prop firm account giveaways:

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Frequently Asked Questions

What is a funded trader and what is the legal relationship between trader and Smart Prop Trader?

How to become a funded trader at Smart Prop Trader?

How does account management look from the technical side?

What are your trading objectives?

Get Started

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Make The SmartChoice when choosing your next prop firm!

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Disclaimer: Smart Prop Trader offers clients access exclusively to demo accounts within a simulated trading environment. Additionally, the services offered are aimed at assessing professional skills. The results of these services are directly related to each individual's professional skill level and their capacity to follow the program guidelines and objectives detailed for each service. We encourage clients to conduct a comprehensive review of the program requirements before enrolling in any services.
Disclosure on Hypothetical Performance:
The accounts utilized for our services are demo accounts. Hypothetical performance results come with inherent limitations, among which include the fact that they do not reflect actual trading. No claim is made that any account will achieve or is likely to achieve profits or losses comparable to those discussed; in reality, actual results can significantly differ from those predicted by hypothetical performance. Hypothetical performance often benefits from hindsight, does not account for financial risk, and cannot consider the financial risk in actual trading. For instance, the capacity to endure losses or to stick to a trading plan despite losses are crucial factors that can negatively impact real trading results. Many other market factors or aspects of implementing a specific trading program not accounted for in hypothetical performance preparation can also adversely affect actual trading results. Please be aware that we do not offer specific investment advice, business consulting, analysis of investment opportunities, or any general recommendations on trading investment instruments. Trading in financial markets carries a high level of risk, and we advise against risking more than you can afford to lose.
All information on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as investment advice or recommendations. Smart Prop Trader LLC does not provide any of the investment services listed in the Capital Market Undertakings Act No. 256/2004 Coll. The information on this site is not specific to residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Smart Prop Trader LLC is not a broker/dealer and we accept no financial deposits. The website SmartPropTrader.com is owned and operated by Smart Prop Trader LLC, a US company registered at 5830 E. 2nd Street, Casper, WY 82609.

©2024 Smart Prop Trader LLC - All Rights Reserved.

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Leading Proprietary Trading Firms Near Me | Smart Prop Trader (2024)

FAQs

What is the best prop firm to use? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

Why is FTMO banned in the US? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

What is the payout for smart prop trader? ›

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.

Who are the famous proprietary traders? ›

Famous proprietary traders have included Ivan Boesky, Steven A. Cohen, John Meriwether, Daniel Och, and Boaz Weinstein.

Do prop firms really pay out? ›

There is nothing inherently scammy about the business model of prop firms. But how do they make money then? For starters, prop firms, of course, do not give money to just anyone who asks. Typically, they have a multi-stage evaluation process to make sure the traders they employ know what they are doing.

What are the negatives of prop firms? ›

- 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.

What is the 2 min rule for FTMO? ›

The restriction is only valid for two minutes before and after the news announcement and applies to the instrument or currency selected, and trading within this window may be considered a violation of the FTMO Account Agreement.

Why did FTMO leave the USA? ›

In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned. New traders attempting to register from a US IP address were unable to complete the registration form.

Is FTMO fake? ›

Conclusion. After a thorough analysis, it is safe to say that FTMO accounts are real and not fake. The company has a legitimate background, transparent terms and conditions, and numerous positive reviews from traders who have successfully used these accounts.

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.

What is the inactivity rule for smart prop traders? ›

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.

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.

Which prop firm is the best? ›

#1 – Funder Trading

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

What is the oldest prop trading firm? ›

{quote} FTMO (unless you are a US citizen), The5ers, and City Traders Imperium are the three oldest prop firms, and probably the only ones with 5+yrs reputable history of reliable payouts.

Which prop firm has no time limit? ›

FTMO (Funded Traders Management Online) is one of the largest and most well-known prop firms in the industry. Based in the Czech Republic, they have funded over 12,000 traders with over $350 million since 2017. FTMO offers various account sizes for Forex and stock indices with no time limits to complete.

Is FTMO the best prop firm? ›

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

How do I choose a prop firm? ›

Don't just pick the first prop trading firm you find. Choose one with a good reputation, support for traders, good tools, safety measures, fair costs, and a friendly community. This way, you can trade smarter and have a better chance at success.

Which prop firm gives real money? ›

Prop Trading Firms with Real Capital
Proprietary Trading FirmProvided with Real Capital
FunderPro
Funding Pips
FXIFY
Glow Node
35 more rows
Apr 26, 2024

Are there any legitimate prop firms? ›

Yes, besides Ultimate Trader, there are several legitimate forex prop trading firms, and True Forex Funds is among them. Joining a reputable prop trading firm typically involves a straightforward process.

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