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Smart Prop Trader's 2-Step Evaluation Process Details
Smart Prop Trader's 2-Step Evaluation Process Details
Branden Abushanab avatar
Written by Branden Abushanab
Updated over a week ago

In order to become a Smart Prop Trader, you will have to pass our 2-step Evaluation Process. This process involves: Step 1 -> Evaluation Phase and Step 2 -> Verification Phase. Below, we detail our 2-step process and provide additional context.

Our Smart Prop Trader Challenge is the first step of our Evaluation Process. Before we allow you to trade our Smart Prop Trader Virtual Account, we need to be sure you can trade responsibly and manage risk properly. The Smart Prop Trader Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. We call these rules Trading Objectives. As soon as all the Trading Objectives of the Smart Prop Trader Challenge are met, you can proceed to the Verification phase. There is no minimum trading days required for the Smart Prop Trader challenge.

The Verification stage is the second and final step of our Evaluation Process. The purpose of the Verification stage is to test your trading consistency. We need to be sure that you can trade your system or strategy profitably in the long run while respecting the rules. The Verification stage has much easier Trading Objectives compared to the Smart Prop Trader Challenge stage. In the Verification, the Virtual Profit Target is reduced by almost half and you have an unlimited number of days to shine like a star. As soon as you succeed in all Trading Objectives, we’ll be happy to welcome you among our Smart Prop Trader Traders.

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