Best Prop Firms For USA Traders - Forex Prop Firm (2024)

Best Prop Firms For USA Traders - Forex Prop Firm (1)

The uncertainties of the forex market have troubled USA Forex Traders. Unexpected news and sudden announcements of closure by some Prop Firms have increased the agitation.

It is necessary to restore the trust in pro trading firms hence we decided to mention top prop firms for USA Traders so they can elevate their trading journey and access massive trading capital to gain maximum profit.

We have mentioned the best prop firms for USA traders and you don’t need to worry anymore. In this Blog, we will tell you everything about the best prop firms for USA Traders, their features, the differences among them and why they are the most preferred ones.

What are the Best Prop Trading Firms for USA Traders? – Our Choice

1. Forex Prop Firm (FPF): The Best of Best

If you’re a forex trader who values straightforward experience, Forex Prop Firm (FPF) could be your ideal partner. They specialize in forex trading and offer a clear-cut challenge structure. Their profit split is also higher than the competitors.

FPF provides a solid platform for traders who want to concentrate on mastering the forex market. Every operation at FPF is transparent and the community engagement is great. With credible reviews and testimonials, higher profit share, minimum drawdown and convenient scaling plan, FPF is our best among the best.

2. Topstep: The Established Name

Topstep is a heavyweight in the prop trading world, known for its long-standing reputation of 12+ years and multiple funding options. Whether you’re a pro trader or a beginner looking to kickstart our trading journey, Topstep offers a variety of account sizes to match your experience level.

Their commitment to educating traders about every new trend and trading strategy with legitimate resources ensures that traders will be well-equipped to tackle every challenge. Topstep is Known for catering to both experienced and beginner traders with a variety of account sizes and educational resources.

3. SurgeTrader: The All-Star for Instrument Variety

Do you have a multi-market trading strategy? Then SurgeTrader might be your perfect match. SurgeTrader offers a diverse selection of instruments, including stocks, forex, and futures. This diversity allows forex traders to trade across different assets and discover their niche in the market to maximize their trading potential.

4. Funded Next: The Budget-Conscious Choice

Let’s face it, funding challenges can be a barrier to entry. Funded Next understands this, offering some of the most competitive challenge costs on the market. This makes them an attractive option for traders who want to test their skills without breaking the bank and have a limited budget. They also provide valuable educational resources, Funded Next provides affordable opportunities for traders to launch their prop trading careers at minimal costs.

5. My Forex Funds: The Scalability Specialist

My Forex Funds caters to traders of all experience levels, but their unique account structure deserves a closer look. They offer a variety of account sizes, with the profit split potentially increasing as your account grows. This encourages traders to perform consistently and rewards successful traders with a more substantial share of the profits.

Best Prop Firms for USA Traders – Quick Comparison

FeatureTopstepSurgeTraderFunded NextMy Forex FundsForex Prop Firm (FPF)
Minimum Account Size$50,000$10,000$5,000$5,000$10,000
Funding ChallengeYesYesYesYesYes
Challenge CostVaries by Account Size$200-$600$99-$299Varies by Account Size$90-$360
Instruments TradedFuturesFutures, Forex, StocksFutures, ForexForexForex, Indices and digital assets
Profit SplitVaries by Account (typically 80:20)80:2080:20Varies by Account Size90:10 – 100:0
Max DrawdownVaries by AccountVaries by AccountVaries by AccountVaries by AccountVaries by Account
FocusExperienced Traders & BeginnersExperienced TradersAll LevelsAll LevelsAll Levels
SupportLive Support, Educational ResourcesLive SupportEducational ResourcesLive SupportLibe support & Educational Resources

Best Prop Firm According to Some Key Features

Capital Accessibility:

FPF stands out with its generous initial funding of $400K and a 95% profit share, offering traders substantial trading power and flexibility.

Trading Conditions:

SurgeTrader offers lenient rules and a profit split of up to 90%, making it an attractive option for traders looking for versatility and profitability. FPF also offers restriction-free conditions to empower traders.

Challenge Profit Share:

Funded Next’s 15% challenge profit share and lack of time limits provide traders with a flexible and rewarding trading environment. FPF offers 10% virtual profit in the challenge phase.

Why should you prefer a Forex Prop Firm (FPF)?

FPF emerges as the premier choice among prop firms for USA traders, offering a range of unmatched benefits:

  • Generous Funding: FPF provides initial funding of $400,000, enabling traders to take larger positions and amplify their profits.
  • Profit Share: With a profit share of 95%, FPF ensures that traders retain a significant portion of their earnings, motivating them to perform at their best.
  • Transparent Rules: FPF boasts of clear and fair rules, with no hidden restrictions or daily drawdown limits, giving traders the freedom to trade without constraints.
  • No Restrictions: Traders at FPF can trade in a restriction-free trading environment with no time limits.

Conclusion

Our list of best prop firms for USA Traders is based solely on our observations. We came up with this list to help the trading community decide their prop firm. We advise traders to evaluate their trading strategies, goals, preferences, and availability before selecting the best prop firm that aligns with their objectives.

Each firm offers certain advantages but Forex Prop Firm (FPF) is our standout choice because of its massive trading capital, high-profit share, credibility and restriction-free trading conditions.

Tagged Forex Prop Firm

Best Prop Firms For USA Traders - Forex Prop Firm (2024)

FAQs

What is the best prop firm for US traders? ›

Who Are The Best Prop Trading Firms?
  • Best For Stocks & Options Trading (US Only): Funder Trading.
  • Best For Futures Trading (US & Intl): Topstep.
  • Best For Forex Trading: FundedNext.
  • Best Overall For Beginner & Advanced Traders: Apex Trader.
Jun 27, 2024

Which prop firm is most reliable? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • The 5%ers.
  • Funded Next.
  • Funded Trading Plus.

What prop firms allow US citizens? ›

Learn about which prop firm accepts US clients.
  • TopTier Prop Firm.
  • FXIFY Prop Firm.
  • Funding Traders Prop Firm.
  • The Funded Trader.
Jun 9, 2024

Which prop firms are regulated in the USA? ›

OANDA, Axi, and Hantec Markets are three regulated forex and contracts for differences brokers that launched prop trading services.

What is the most trusted prop firm in 2024? ›

It was designed to be smooth to read, by identifying the key points of each firm, but also the pros and cons of trading with them.
  • #1 FTMO. FTMO. ...
  • #2 Funded Trading Plus. Funded Trading Plus. ...
  • #3 Topstep. Topstep. ...
  • #4 Apex Trader Funding. Apex Trader Funding. ...
  • #5 Take Profit Trader. ...
  • #6 FundedNext. ...
  • #7 HyroTrader. ...
  • #8 My Funded Futures.

Which prop firm is better than FTMO? ›

FTMO 's top competitors in July 2024 are: FunderPro, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Which forex prop firm has no time limit? ›

The Forex Funder

Forex Funder is a pioneering prop trading firm that gives traders unlimited evaluation time. The firm allows traders to trade without deadlines. The firm offers a 90/10 profit share and capital from $50k to $300k, depending on traders' challenge.

How do I choose a prop trading firm? ›

Don't just pick the first prop trading firm you find. Choose one with a good reputation, support for traders, good tools, safety measures, fair costs, and a friendly community. This way, you can trade smarter and have a better chance at success.

Which prop firm is the cheapest? ›

Cheapest Prop Firms Forex 2024 - with $5K Funding Accounts...
  1. The5%ers. The5%ers specializes in providing funding of up to $100,000 to forex traders. ...
  2. FTMO. ...
  3. MyForexFunds. ...
  4. Earn2Trade. ...
  5. The Funded Trader Program. ...
  6. OneUp Trader. ...
  7. Apex Trader Funding. ...
  8. True Trader.
Feb 27, 2024

Is MetaTrader banning prop firms? ›

MetaQuotes, the developer of popular trading platforms MetaTrader 4 and MetaTrader 5, is cracking down on several prop trading firms such as Ftmo, the5ers, etc., and forcing many brokers to terminate their services (if these firms do not comply). This decision has had a negative impact on most prop traders in the US.

Does Fxify accept US traders? ›

FXIFY does in fact allow US users, works with MT4, and MT5, and allows EAs.

What is the best prop firm for forex? ›

Our Top 5 Best Prop Trading Firms for Beginners
  • FTMO. FTMO is one of the best prop simulated trading firms for both new and experienced traders. ...
  • Funded Next. Funded Next (MFF) was created in 2020. ...
  • The simulated Trading Capital. ...
  • E8 Funding. ...
  • The Funded Trader.

Does Oanda prop firm accept US clients? ›

OANDA accepts U.S. clients, though only for forex, and is registered with the CFTC, NFA (U.S.), and FCA (U.K.).

What are the negatives of prop firms? ›

Among many other potential factors, the main disadvantages of prop trading arise from being classified as a market professional, unfavorable profit sharing, and whether your net trading profits are taxed as capital gains or ordinary personal income.

Does FTMO allow US clients? ›

In the case of the United States of America, FTMO does not accept clients in Louisiana, South Carolina, Montana, Arkansas, and Delaware. FTMO also does not accept clients – legal persons, who are company trusts.

Does Fxify accept US customers? ›

FXIFY does in fact allow US users, works with MT4, and MT5, and allows EAs.

References

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Errol Quitzon

Last Updated:

Views: 6014

Rating: 4.9 / 5 (79 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Errol Quitzon

Birthday: 1993-04-02

Address: 70604 Haley Lane, Port Weldonside, TN 99233-0942

Phone: +9665282866296

Job: Product Retail Agent

Hobby: Computer programming, Horseback riding, Hooping, Dance, Ice skating, Backpacking, Rafting

Introduction: My name is Errol Quitzon, I am a fair, cute, fancy, clean, attractive, sparkling, kind person who loves writing and wants to share my knowledge and understanding with you.