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This Prop Firm Just Shut Down ❌

BLACK FRIDAY: Buy 1 Challenge & Get 3! 🥳

☕️ GM Munchers! This is Pip Munch, and I don’t know about you, but for me, Thanksgiving was a reminder that trading and carving a turkey have one thing in common: if you’re not patient, you’ll end up with a mess on your hands.

On today’s menu:

  • Smart Prop Trader Shuts Down  

  • Buy 1 Challenge, Get 3! 🥳 

  • These $5,000 Investments Could Have Made You A Millionaire 🤑 

Smart Prop Trader Shuts Down  

2024 has been wild.

The latest plot twist? Smart Prop Trader is officially shutting down.

Here’s everything you need to know:

1️⃣ Smart Prop Trader Had a Strong Start 💪

When Smart Prop Trader launched, it made waves.

  • They came in hot with competitive programs, including a 2-step challenge that offered traders a whopping 12% drawdown and an 8% Phase 1 target—one of the most generous setups in the industry.

  • Naturally, traders flocked to them, and for a while, it looked like they were here to disrupt the game.

Momentum? They had it. Noise? They made plenty. But like we’ve seen so many times this year, momentum alone isn’t enough.

2️⃣ The Shutdown: Doing It Differently

Smart Prop Trader announced Wednesday that they’re no longer onboarding new traders and will be winding down operations by December 29, 2024.

But here’s what sets them apart: transparency and a commitment to taking care of their traders.

Here are the key points from their announcement:

  • Current Traders: You can continue trading until December 29, 2024. Payouts are up-to-date and will be processed as usual until then.

  • Refunds: If you purchased an account in November and are at or above break-even, you’re eligible for a full refund.

  • Post-December Accounts: All accounts in good standing after the closure will be handled individually to ensure fair resolution.

This isn’t your typical prop firm shutdown, where traders are left hanging without payouts or refunds. Smart Prop Trader is making a genuine effort to exit with integrity—and that’s worth acknowledging.

3️⃣ 2024: The Year of Prop Firm Chaos 🤯

Let’s face it: 2024 has been absolutely insane for the prop firm industry. We’ve lost count of how many firms have shut their doors this year.

What does this mean for you? A little reminder to play it safe:

  • Stick with firms that have been around for more than a year. Longevity matters.

  • Look for firms with a track record of professionalism and transparency.

Prop firms can be a great tool for traders, but only if you’re careful about where you’re putting your trust (and your money).

The Bottom Line

Smart Prop Trader came in strong, and while their closure is disappointing, they’re shutting down in a way that prioritizes fairness and respect for traders.

That’s rare in this space.

But if this year has taught us anything, it’s that the prop firm industry is not for the faint of heart.

Always do your due diligence, and remember: a flashy launch doesn’t guarantee stability.

Stay sharp, stay safe, and as always, keep munching those pips.

🚨 Black Friday Deal: Buy 1 Challenge, Get 2 FREE! 🚨

This is it—our BIGGEST deal of the year is here!

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☕️ Pre-Market Fuel

  1. A $5,000 investment into these assets could have made you a millionaire. Who’s got the Kleenex? 😭 

  2. Is Amazon going to buy some Bitcoin? It looks like there are some rumblings…

  3. Is another trade war about to start? We’re going to dive deep into this on Monday…

🍪 Munchy Memes

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