Independent firm profile
SMB Capital
Proprietary trading firm and training desk in Midtown Manhattan founded by Mike Bellafiore and Steve Spencer. Known for its trader development program and SMB Training education brand.
- Headquarters
- New York, USA
- Founded
- 2005
- Funding model
- Leveraged Trader Capital
- Region served
- North America
Community rating
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Overview
What this firm is and who it serves
SMB Capital is a New York-based proprietary trading firm focused on discretionary US equities and options, well known for its education arm (SMB Training). Traders go through a structured training program before being allocated firm capital.
"Train and back elite discretionary traders in equities and options."
At a glance
Structured facts about this firm
- Firm Type
- Leveraged Trader Capital prop firm
- Market Focus
- Stocks, Options
- Trading Style
- Trader Deposit / First-Loss Model
- Institutional Level
- Retail-accessible proprietary firm
- Retail Accessibility
- Open to retail traders
- Geography
- New York, USA · North America
- Known For
- In-house training program
- CEO
- Mike Bellafiore & Steve Spencer (Co-founders)
- Team size
- 100+ traders
Funding programs
Account types and the path to capital
Evaluation
—Not required by this firm.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
No challenge fee for proprietary track; SMB Training is a separate paid education product.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Real firm capital
- +Renowned education
- +Active mentorship
Trade-offs
- −Highly selective
- −NYC-focused
Frequently asked questions
Common questions about SMB Capital
Is SMB Capital a legitimate prop firm?+
SMB Capital was founded in 2005 and is headquartered in New York, USA. Proprietary trading firm and training desk in Midtown Manhattan founded by Mike Bellafiore and Steve Spencer. Known for its trader development program and SMB Training education brand.
Does SMB Capital require an evaluation?+
No. SMB Capital offers funded accounts without a traditional evaluation phase.
What is the profit split at SMB Capital?+
SMB Capital pays traders 70% of net profits, keeping the remainder as the firm's share.
How often does SMB Capital pay out?+
SMB Capital processes payouts on a monthly basis.
What platforms does SMB Capital support?+
SMB Capital supports the following trading platforms: Sterling, Thinkorswim, Internal.
What trading restrictions does SMB Capital enforce?+
At SMB Capital, news trading is allowed, overnight holding is allowed, weekend holding is allowed. Always confirm current rules directly with the firm before trading.