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Prop Firm Smart Prop Trader to Cease Operation by the End of 2024
Last week, proprietary trading firm Smart Prop Trader announced on social media that it would cease operations by the end of this year. As of Nov. 27, the company is no longer accepting new clients.
Smart Prop Trader emphasized its commitment to payout and support for traders, which was allegedly unlike other closed prop firms.
The company will continue to serve its existing clients until December 29 with normal payouts. If eligible, accounts opened in November can apply for a full refund before this deadline via Smart Prop Trader's official website.
After December 29, the company will individually contact all accounts in “good standing”.
However, Smart Prop Trader didn't seem to exit the trading industry and said it would bring big announcements in the next few weeks.
“This decision allows us to focus on an exciting new chapter that we believe will redefine the greater trading industry, ” the firm stated.
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