Leveled Up Society vs Smart Prop Trader

Comparing Leveled Up Society and Smart Prop Trader

When approaching the trading arena, retail traders seek prop firms that offer not just a platform for growth, but also favorable terms that align with their trading strategies. In this insightful review, we will delve into the offerings of two prop firms – Leveled Up Society and Smart Prop Trader – contrasting their services, benefits, and limitations, to provide traders with a detailed landscape for making informed decisions.

Account Balance and Profit Sharing

Leveled Up Society provides traders with the opportunity to manage accounts with balances up to $1,000,000, coupled with the generosity of offering between 80% to 90% of the profit share, distributed fortnightly. The provision of boundless evaluation retries adds to the appeal of their service, facilitating perseverance and continued learning without harsh penalties. In comparison, Smart Prop Trader scales higher in account balance options, boasting potential scalability up to a staggering $2,500,000. It matches Leveled Up Society in profit splitting, ensuring traders receive 85% to 90% of profits, and similarly, disburses these earnings bi-weekly. An unrivaled Trustpilot rating of 4.7/5 underscores their commitment to customer satisfaction and trust, which is reinforced by their exceptional customer service.

Trading Conditions and Scalability

Both firms provide an admirable degree of flexibility to their traders. They allow open positions overnight and on weekends with a leveraged battlefield set at 1:100, accommodating aggressive and conservative strategies alike. Furthermore, their asset range is broad, spanning across forex, commodities, indices, and metals, catering to diverse trading preferences. Leveled Up Society's approach to scaling is strong; however, Smart Prop Trader takes an edge with a higher ceiling for account growth and more relaxed trading regulations. Coupled with the initial rapid 12-day payout introduction, Smart Prop Trader exhibits a more aggressive stance toward trader progression and speedy capital access.

Service Limitations

While reviewing the drawbacks, Smart Prop Trader's restrictive live chat support hours might be a hurdle for traders who seek immediate assistance during off-service times. The 4% max daily drawdown based on equity can be seen as a protective measure, yet it is also a double-edged sword restricting aggressive trading. Additionally, their relatively elevated commission charges should prompt traders to consider the impact on net profitability. In contrast, the explicit cons for Leveled Up Society are not disclosed in this context, which suggests that obtaining more granular feedback from the user community could be necessary to uncover potential hidden limitations.

Trading Conditions and Rules

Both firms enforce rules to manage risk and ensure order within their trading ecosystem, including maximum daily loss, maximum loss, profit targets, and restrictions on trading styles such as the Martingale system. Leveled Up Society imposes additional restrictions such as no news trading, minimum trading days, and risks associated with third-party EA and copy trading – possibly dampening the flexibility sought by some modern traders.

Funding and Withdrawal Options

Accessibility to funds is vital, and it appears both firms streamline their processes with similar deposit and withdrawal methods—using credit/debit cards, crypto operations, and Deel for fund withdrawals. This parity provides simple yet effective financial handling for their clients, which is a convenience for operational continuity.

Assets and Account Specifications

The tradeable assets offered by Leveled Up Society and Smart Prop Trader are comprehensive and identical, casting a wide net for traders to capitalize on market opportunities across different financial instruments. The account sizes for Leveled Up Society cover a wide range of options, from $10,000 to $1,000,000, offering incremental steps for traders to grow or select their comfort level.

Corporate Stability and Reliability

Considering incorporation dates, Leveled Up Society has been active since April 2021, giving it a bit more time in the industry compared to Smart Prop Trader, which entered the scene in July 2022. This factor may play into traders' assessments of stability, track record, and reliability, although market presence should be judged alongside trader reviews and regulatory standing. In conclusion, both Leveled Up Society and Smart Prop Trader offer attractive propositions to the retail trading community. They cater well to those seeking to scale with generous profit shares, but each with its distinct characteristics and regulatory framework that might be more or less appealing depending on personal trading styles and needs. Traders are advised to perform due diligence and align their specific requirements with what each firm has to offer.