Smart Prop Trader: Where You Face Slow Payouts and Account Bans

Are you receiving payouts at a slow pace from Smart Prop Trader? Has your trading account been banned simply because you were making profitable trades? You join the long list of investors facing this issue for a long time with Smart Prop Trader, a US-based forex broker. From the investor accusations, it is all but evident that the forex broker has been scamming traders for reasons best known to the company. Weve thus exposed Smart Prop Trader by showing trader complaints. Check their painful words and stay away from trading with this fraudulent broker.

Top Complaints About Smart Prop Trader

As Trades Show Profit, Scams Take Place

Smart Prop Trader is smart in every sense of the word. It remains smooth when you begin. As you start earning profits, things go horribly wrong for you! You will receive a cancellation of the withdrawal request you made with this forex broker. Some complaints regarding this have been an eye-opener. Take a look at them.

Running Contests, But Denying Winners Their Awards

Forex brokers run various contests to generate interest among forex traders. They keep some rewards for the same. The same was the case with Smart Prop Trader. It ran a contest that resulted in intense trading. One investor won the 10K challenge. However, the company did not approve of it. As a result, the investor could not withdraw funds. It turned out to be a scam.

Slow Payouts Add to the Misery

Contest winners receive slow payouts that further add to their poor experience trading with this seemingly fake forex broker. One investor earned a substantial challenge amount. However, he received a payout after four months, demonstrating poor customer service. Later, he traded and won further. However, the change in the trading platform meant inconsistent payouts for the investor. Read his words below.

Scams in the Pretext of Constantly Changing Rules

Too many changes to the rules are an indicator of the scams Smart Prop Trader aims to inflict upon its traders. A forex broker can change rules: however, it needs to notify traders in advance. The rules pertain to inactive accounts, withdrawal norms, and so on. The changing rules make many traders ineligible. However, traders still own their money, and they have to be returned to them. A legit forex broker does this to make sure its goodwill continues to stand strong.

Why is Smart Prop Trader not a Reliable Forex Broker?

The growing accusations clearly indicate that traders get scammed by this forex broker for fun. As Smart Prop Trader is an unregulated broker, the problems heard before are not a surprise! An unregulated broker will always have illegitimate ways to dupe traders. Looking at these issues, we at WikiFX have assigned it a poor score of 1.29 out of 10.

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