PROP NAVI
FIRM REVIEW

Smart Prop Trader (Closed)

Caution
United States (ceased operating December 2024) · Founded 2022 · ★ 1.3 / 5 · Last reviewed July 31, 2026

Specifications

Profit split—
Max funding—
Challenge fee—
Payout track record—
Payout cycle—
Evaluation2-step
Drawdown modelStatic
Daily loss limit4%
Max drawdown8%
Sources[1][2][3][4][5][6]
Websitehttps://smartproptrader.com/

Trustpilot: 4.3 (2,508 reviews) — a legacy aggregate frozen when the firm stopped operating, not a measure of current standing (checked 2026-07-31)

Strengths

    Watch-outs

    • Announced closure on 19 December 2024; trading ended around 29 December
    • The old domain redirects to a different company (fxnity.com); the service cannot be bought
    • The Trustpilot score of 4.3 is a legacy aggregate frozen at closure

    Rule changes affecting this firm

    Effective2024-12-29observed: 2026-07-31
    TypeProduct retiredTrader-facing
    BeforeAn operating prop firm at smartproptrader.com.
    AfterClosed. smartproptrader.com returns HTTP 301 to fxnity.com.The closure itself is recorded in the shutdown tracker. This row records the domain change, re-checked 2026-08-05: anything still published about "Smart Prop Trader" now resolves to a different brand.
    Applies toAll accountsAll accounts. The closure was announced ahead of the date, with a stated refund and resolution plan.
    DisclosureDated by firm
    SourceFinance Magnates — Another prop firm announces closure in year that saw 50+ companies shutterChecked: 2026-08-05

    See every record in the Rule-Change Tracker →

    Payout claim vs verification

    VerificationStale — firm not operating
    ClaimedNo figure publishedNo figure retrievable. smartproptrader.com returns HTTP 301 to fxnity.com.
    Independently checkableNothing checkable
    RailNot establishedThe firm announced its closure on 2024-12-29 with a stated refund and resolution plan. Whatever payout total it published is now unreachable at source: the domain redirects to a different brand, so any figure still circulating for "Smart Prop Trader" cannot be checked against anything the firm published. Its Trustpilot profile stands frozen at 4.3 from 2,508 reviews.
    SourceSmart Prop Trader — domain (HTTP 301 to fxnity.com on the check date)Finance Magnates — Another prop firm announces closure in year that saw 50+ companies shutterChecked: 2026-08-05

    See every firm in the Payout Verification Tracker →

    Smart Prop Trader (now closed)

    Smart Prop Trader was a US-based proprietary trading firm, founded in 2022, that ran both 1-step and 2-step evaluation models.

    It announced its closure on 19 December 2024 and trading ended around 29 December. The old smartproptrader.com domain now 301-redirects to fxnity.com, a different company (a forex broker, not a prop firm). The product can no longer be bought, and we do not recommend it.

    The closure was not an isolated event. More than 50 firms in this industry stopped operating during 2024, and Smart Prop Trader was reported as one of them.

    Why we label this “caution”

    Our methodology reserves the “caution” label for firms with a regulatory action or enforcement history, or firms whose service has stopped. No regulatory action against Smart Prop Trader is on record, but the service has stopped, so “caution” is the label the criteria produce.

    About the 4.3 on Trustpilot

    Read on 2026-07-31, the Trustpilot profile still shows 4.3/5 across 2,508 reviews — 87% five-star, 7% one-star — with no guidelines-breach or fake-review notice.

    That figure is an aggregate effectively frozen at closure. More than eighteen months have passed since the firm stopped trading, so it says nothing about current reliability or ability to pay. On our comparison table the number is marked “legacy” and excluded from score-based sorting.

    What the case shows

    First, a high third-party score can stay on display right up to closure. The 4.3 was no guarantee that the firm would still be operating.

    Second, only about ten days separated the closure announcement from the end of trading. If your capital is concentrated at one firm, that may not be enough time to react.

    Third, an old domain redirecting to a different company is common in this industry. The fact that a URL still resolves does not mean the same operator is behind it.