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Another Prop Firm Announces Closure in Year That Saw 50+ Companies Shutter
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. “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 provide extra time for traders to earn payouts.” The company, ... (full story)