Closed
Smart Prop Trader is closed (since 27 Nov 2024)
The firm announced on X that 'As of November 27, 2024, Smart Prop Trader will no longer onboard new traders'. Finance Magnates reported that operations would stop on 29 Dec 2024.
Not rated: closed firms get no PA Score, offers or links to buy. Checked , re-checked every 30 days. Out of date? Ask for a review · All closed prop firms
Is Smart Prop Trader shut down?
The firm announced on X that 'As of November 27, 2024, Smart Prop Trader will no longer onboard new traders'. Finance Magnates reported that operations would stop on 29 Dec 2024.
What happened to Smart Prop Trader
On 28 Nov 2024 the firm, led by CEO Blake Olson, said it had stopped onboarding new traders. Existing traders could keep trading until 29 Dec 2024. November 2024 buyers at break-even or above qualified for full refunds, and accounts in good standing after 29 Dec were promised individual resolution plans. The firm hinted at a new product. The domain now redirects to smartprofitfx.com, an Eightcap introducing-broker site, not a prop firm.
Website today: smartproptrader.com redirects to smartprofitfx.com, an Eightcap introducing-broker site. There is no prop challenge checkout.
If you had an account with Smart Prop Trader
We found no public claims or refund process for this firm.
General steps: keep your order receipts, account IDs and emails; if you paid by card, ask your card issuer about a chargeback (time limits apply); report losses to your local regulator or consumer agency. PropAnalyse cannot recover funds.
Active cfd prop firms instead
Ranked by PA Score among active firms of the same account type. Firms with a caution are left out.
FAQ
Is Smart Prop Trader shut down?
Yes. The firm announced on X that 'As of November 27, 2024, Smart Prop Trader will no longer onboard new traders'. Finance Magnates reported that operations would stop on 29 Dec 2024. We list it as closed since 27 Nov 2024; status checked 31 Oct 2026.
When did Smart Prop Trader close?
27 Nov 2024. The firm announced on X that 'As of November 27, 2024, Smart Prop Trader will no longer onboard new traders'. Finance Magnates reported that operations would stop on 29 Dec 2024.
What does the Smart Prop Trader website show now?
smartproptrader.com redirects to smartprofitfx.com, an Eightcap introducing-broker site. There is no prop challenge checkout.
Can I still get my money back from Smart Prop Trader?
We found no public claims or refund process. PropAnalyse cannot recover funds.
What are alternatives to Smart Prop Trader?
Active firms of the same account type, ranked by PA Score: The5ers, City Traders Imperium, FTMO, FundingPips. Check each firm's own rules before you buy.
Sources
What each source said, as read on 31 Oct 2026. We report these sources; we do not make findings of our own.
- Another Prop Firm Announces Closure in Year That Saw 50+ Companies ShutterFinance Magnates · 28 Nov 2024
Smart Prop Trader will stop operation on December 29, 2024. The onboarding of new traders has already stopped.
- Important Announcement from Smart Prop Trader (as embedded by Finance Magnates)Smart Prop Trader on X (firm) · 28 Nov 2024
As of November 27, 2024, Smart Prop Trader will no longer onboard new traders.
- SmartProfitFX (smartproptrader.com redirect target)SmartProfitFX · 31 Oct 2026
Open the same Eightcap accounts through SmartProfitFX ... Eightcap is the regulated broker; SmartProfitFX is the door in.