What capital will I trade as an Smart Prop Trader?
You will trade with the same virtual account balance that you traded in the Smart Prop Trader Challenge. If you traded with $200,000 in the Smart Prop Trader Challenge, you would also manage $200,000 in the Smart Prop Trader Virtual Account. To avoid any confusion, please note that all virtual accounts we provide to our clients are demo accounts with virtual funds. After a client becomes an Smart Prop Trader Trader, he/she is provided with login credentials for a demo account, with the difference that the Smart Prop Trader Virtual Account is connected to our Proprietary Trading Firm’s live trading account where we generate real cash flow. Clients are entitled to up to 85% of profits generated on the Smart Prop Trader Account. This solution is much administratively easier and gives us more freedom to actively manage risk. If you wish to trade with a higher account balance, you can simply apply for another Smart Prop Trader Challenge and trade more virtual accounts. 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. This can be understood as 2 accounts – each with $200k, or 4 accounts – each with $100k, etc. Please be careful not to get multiple accounts through various registrations. If we discover the identically traded strategies throughout various accounts and exceeding $400,000 in the allocated capital value, we reserve the right to suspend those accounts as per the T&Cs. Please note that in the case of an Aggressive risk setup version, the maximum capital allocation is $200,000 as the loss limits are doubled. On the other hand, if you are consistently profitable on the Smart Prop Trader Virtual Account, we will be happy to allocate additional capital as per our Scaling Plan. You are eligible for a 25% increase in account size every 4 months, which is contingent upon continuous profitably. The Smart Profit Trader Virtual Account can be scaled up to $2,500,000!!