Analyzing the trading objectives of Smart Prop Trader and FundedNext (Stellar) provides traders with the necessary information to make an informed choice. This comparison highlights key aspects of each firm’s approach to proprietary trading.
Trading Objectives: Smart Prop Trader vs. FundedNext (Stellar)
Here’s a side-by-side comparison of the trading objectives for Smart Prop Trader and FundedNext (Stellar):
- Phase 1 Profit Target: Smart Prop Trader requires a 7% target, whereas FundedNext (Stellar) sets it at 8%.
- Phase 2 Profit Target: Both firms aim for a 5% target.
- Maximum Daily Loss: Smart Prop Trader has a 4% limit, compared to FundedNext’s 5%.
- Total Maximum Loss: Smart Prop Trader caps this at 8%, while FundedNext sets a 10% limit.
- Minimum Trading Days: Smart Prop Trader has no minimum requirement, in contrast to FundedNext’s 5 calendar day requirement.
- Maximum Trading Period: Unlimited trading periods for both phases are offered by each firm.
- Profit Split: Smart Prop Trader offers between 85% to 90%, while FundedNext ranges from 80% to 90%.
This comparison table clearly outlines the similarities and differences in profit targets, loss limits, minimum trading days, trading period duration, and profit split percentages between Smart Prop Trader and FundedNext (Stellar). This information is integral for traders to decide which prop firm aligns more closely with their trading strategy and objectives.