Smart Prop Trader, a prop firm offering funded trading accounts, announced it will cease accepting new traders as it prepares to wind down operations by year-end. Although the company promises to introduce a new product, for now, it is just another firm disappearing from the rapidly evolving proprietary trading sector.

Prop Firm Smart Prop Trader Sets December Exit Date

“Smart Prop Trader will no longer onboard new traders,” the company commented in a social media post. “Smart Prop Trader is committed to doing the right thing by prioritizing fairness, transparency, and respect for our traders, and providing extra time for traders to earn payouts.”

The company, led by CEO Blake Olson, will continue supporting existing traders through December 29, 2024, maintaining regular payout schedules and offering refunds to qualifying November account holders.

“We're proud to take this responsible and trader-first approach, ensuring your trust is honored as we prepare for what's next,” the proprietary firm commented on X, presenting the closure of its operations as though it was a positive development.