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What's the Difference Between Standard and Pro Challenges at SPT?
What's the Difference Between Standard and Pro Challenges at SPT?
B
Written by Branden Abushanab
Updated over a week ago

Smart Prop Trader affords traders with 2 avenues for completing our challenges: Standard and Pro. This article will review the distinctions between the 2 challenge option for the purpose of allowing Traders to make an educated decision on which challenge would be the most beneficial to them on their trading journey.


Standard Challenge Information:

$5,000

$10,000

$25,000

$50,000

$100,000

Phase 1

Profit Target

(7%)

$350

(7%)

$700

(7%)

$1,750

(7%)

$3,500

(7%)

$7,000

Phase 2

Profit Target

(5%)

$250

(5%)

$500

(5%)

$1,250

(5%)

$2,500

(5%)

$5,000

Virtual

Daily Loss Limit

(4%)

$200

(4%)

$400

(4%)

$1,000

(4%)

$2,000

(4%)

$4,000

Virtual Maximum Loss Limit

(8%)

$400

(8%)

$800

(8%)

$2,000

(8%)

$4,000

(8%)

$8,000

Drawdown Type

Static

Minimum Trading Days

0 days

Profit Split

Starting at 75%, Scaling up to 95%

Leverage

up to 1:30

Max Capital Allocation

$400K (available capital for all standard challenges)

Payout Request Time

(for each account)

First Payout: Four weeks from close of first trade

Subsequent Payouts: Two weeks from close of first trade


Pro Challenge Information:

$5,000

$10,000

$25,000

$50,000

Phase 1

Profit Target

(8%)

$400

(8%)

$800

(8%)

$2,000

(8%)

$4,000

Phase 2

Profit Target

(5%)

$250

(5%)

$500

(5%)

$1,250

(5%)

$2,500

Virtual

Daily Loss Limit

(5%)

$250

(5%)

$500

(5%)

$1,250

(5%)

$2,500

Virtual Maximum Loss Limit

(12%)

$600

(12%)

$1,200

(12%)

$3,000

(12%)

$6,000

Drawdown Type

Static

Minimum Trading Days

0 days for challenges; 7 minimum days for Funded accounts

Profit Split

Starting at 75%, Scaling up to 95%

Leverage

up to 1:30

Max Capital Allocation

$400K (available capital for all pro challenges)

Payout Request Time

(for each account)

First Payout: Four weeks from close of first trade

Subsequent Payouts: Two weeks from close of first trade


Key Differences Between Standard & Pro Challenges:

  • Profit Target Differences:

    • Whereas our Standard challenges have profit targets of 7% for Phase 1 and 5% for Phase 2, our Pro challenges have profit targets of 8% for Phase 1 and 5% for Phase 2.

  • Drawdown Differences:

    • Whereas our Standard challenges have a daily drawdown of 4% and a maximum drawdown of 8%, our Pro challenges have a daily drawdown of 5% and a maximum drawdown of 12%.

  • Minimum Trading Day Differences:

    • Whereas our Standard challenges have minimum trading days set at 0 days for both Challenge and Funded account types, our Pro challenges have a minimum of 0 trading days for Challenge account types and a minimum of 7 tradings for Funded account types.


Smart Prop Trader believes traders should have a trading journey that is customized to their skill set, which is why we offer traders the optionality of choosing between Standard challenges and Pro challenges. Both challenges offer their unique advantages for traders throughout their trading journey. It's important for traders to choose a challenge that works best with their skill set. If you have any additional questions about the available plans, please reach out to our Customer Success team via Live Chat using this link. We are available 24/7 to support you on your trading journey.

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