In an important update, Smart Prop Trader has announced that it will no longer onboard new traders starting November 27, 2024. The prop firm expressed its heartfelt gratitude to its community, highlighting its commitment to fairness and transparency as it transitions into a new phase.
Unlike many prop firm closures, which often disrupt payouts or provide little support, Smart Prop Trader is taking a responsible and trader-first approach. The firm has ensured that traders will continue to receive payouts and has outlined clear next steps for all active accounts.
What Does This Mean for Current Traders?
Smart Prop Trader has provided detailed guidelines to support traders during this transition:
- Trading Allowed Until December 29, 2024
- Existing traders can continue trading normally until December 29, 2024.
- Payouts will proceed as usual, and all accounts remain active during this period.
- Refunds for November Account Purchases
- Traders who purchased accounts in November 2024 and are at or above break-even are eligible for a full refund.
- Refund requests must be submitted via the firm’s website at smartproptrader.com before December 29, 2024.
- Resolution for Accounts After December 29, 2024
- All accounts in good standing as of December 29 will be addressed individually to ensure fair outcomes.
Why Is Smart Prop Trader Making This Change?
This decision allows Smart Prop Trader to shift its focus to a new chapter in the trading industry. While no specific details have been revealed, the company has promised exciting announcements in the coming weeks.
Looking Ahead
Smart Prop Trader’s decision marks a pivotal moment in its journey, as it prepares for an innovative future while ensuring its traders are supported during this transition. By maintaining a commitment to payouts, refunds, and fairness, Smart Prop Trader is setting a new standard for responsible closures in the industry.
For more details, visit the official website at smartproptrader.com.