US Based Prop Firms - Find The Best Forex Prop Firm For You In Minutes (2024)

Welcome to our blog, where we explore US-based proprietary trading firms. In this ever-changing landscape, where risk management, profit split, and funded accounts are crucial, forex prop trading firms stand out for building a vibrant trading community. They specialize in coaching traders for better performance, offering tools and expertise to succeed in today’s markets.

These firms focus on profit sharing and providing traders with access to a top-notch trading platform. They tailor-funded accounts for different account sizes and trading styles, while also evaluating track records and providing customer support. Traders can refine their skills using proprietary trading strategies and trading positions with a time limit, all guided by experienced professionals.

From leveraging options to exploring equities, these firms explain their fee structure and the potential for earning profits. Join us as we delve into the world of prop trading, uncovering the secrets to mastering trading and maximizing profits.

E8 Funding – Texas (USA)

E8 Funding, a prop trading firm, established offices in the United States, Dallas, Texas, and Prague, Czech Republic. Founded on November 5, 2021. CEO Dylan Elchami leads the company. Traders have the chance to manage accounts from $25,000 to $250,000, with an 80% profit split. To become a funded trader, traders must pass a two-step evaluation process. This process consists of Phase 1 and Phase 2 (or Phase 3 for E8 Track).

The trading rules for E8 Funding include:

  • Profit Target: Traders must achieve an 8% profit target during the evaluation phase.
  • Profit Splits: Traders can earn profit splits of up to 80%.
  • Maximum Daily Loss: The daily loss limit for every account is around $1250.
  • Maximum Loss: Traders must not exceed an overall loss limit of $20001.
  • Minimum Trading Days: There are no minimum trading day requirements to move to phase 2.
  • Maximum Trading Days: Traders have unlimited trading days but must place at least one trade every 90 days.
  • Trading Strategies Allowed: E8 Funding allows traders to trade at their discretion, including news trading, holding trades over the weekend, using trade copiers, and employing EAs.

E8 Funding allows traders to trade without profit targets, only adhering to the Maximum Daily Loss and Maximum Loss rules. Traders can withdraw funds starting from the 8th day of trading, as long as at least 14 days have passed since the last withdrawal. Withdrawals can be made using various methods like bank cards, bank transfers, and e-wallets, with no minimum or maximum withdrawal limits. While E8 Funding doesn’t charge withdrawal fees, other participants in the process might.

Read our complete E8 Funding review.

Forex Prop Firm – Montreal (Canada)

Forex Prop Firm is a leading proprietary trading company. Founded by Jonathan Dufresne. It was incorporated as a legal entity reputation in January 2022, with its registered legal name as FPF s.r.o and has its headquarters in Montreal Canada.

The firm offers traders a 10% virtual profit bonus upon completing an evaluation and becoming funded. They offer a 90:10 payout ratio for successful traders, with payouts processed every 1-5 business days. The company enables different trading strategies, such as news trading and holding trades overnight or over the weekend. It also supports the use of trade copiers and EAs.

Trading Rules:

  • Profit Target:Profit splits are set at 90:10 for successful traders.
  • Maximum Daily Loss:No daily drawdown limit is imposed.
  • Maximum Loss:There is no maximum relative drawdown.
  • Minimum Trading Days:Traders can request payouts every 15 days.
  • Maximum Trading Days:No time limit is set for trading activities.

Forex Prop Firm offers transparent trading conditions, access to capital, advanced tools, mentorship, and support. However, trading with prop firms like Forex Prop Firm carries higher risks due to fewer regulatory protections, making it crucial to understand these risks.

Read our comprehensive Forex Prop Firm review.

Leveled Up Society – Florida (USA)

Leveled Up Society, an American proprietary firm incorporated on February 25, 2022. It is located in Doral, Florida, and is managed by CEO Raul Gonzalez. At LUS, trading has few restrictions. Traders get an 80% profit split and can trade currencies, cryptocurrencies, stocks, indices, commodities, and metals.

Trading Rules:

  • Profit Target: No mandatory profit target; traders must monitor drawdown
  • Profit Splits: Traders receive 80% profit split
  • Maximum Daily Loss: No specified maximum daily loss
  • Maximum Loss: No specified maximum loss
  • Minimum Trading Days: Traders need to trade for at least 5 days within a 30-day cycle
  • Maximum Trading Days: No maximum trading day requirement

Trading Strategies:

  • News Trading: Allowed
  • Holding Trades Over the Weekend: Allowed
  • Trade Copier: Not specified
  • EA (Expert Advisor): Not allowed

The firm operates through a partnership with Eightcap broker, offering standard referral bonuses and facilitating withdrawal of profits to bank cards, e-wallets, or crypto wallets. Traders can contact the technical support team via email, live chat, or the website’s ticket system, available 24/5, Monday to Friday. LUS provides trading platforms such as MT4 and MT5, with a minimum deposit of $149, leverage up to 1:100, and no mandatory profit targets.

Ment Funding – Texas (USA)

Ment Funding, a proprietary trading firm legally known as Prop Account, LLC, established itself in October 2020. It has headquarters located in Austin, Texas, United States. CEO Anton Calmes leads Ment Funding. The company aims to empower traders worldwide by providing access to trading capital and fostering a community of passionate traders dedicated to redefining industry standards.

Traders at Ment Funding have the opportunity to manage account sizes ranging from $25,000 up to $2,000,000, with potential profit splits of up to 90%. The firm offers a single one-step evaluation program, partnering with ThinkMarkets as their broker. The evaluation phase involves reaching a profit target of 10% while adhering to maximum daily and overall loss rules. Upon successful completion, traders receive a funded account with no minimum withdrawal requirements.

Trading Rules:

  • Profit Target: Traders must achieve a 10% profit target during the evaluation phase.
  • Profit Splits: Traders receive profit splits ranging from 75% to 90% based on the profits generated in the funded account.
  • Maximum Daily Loss: Traders have a maximum daily loss limit of 5%.
  • Maximum Loss: Traders have a maximum overall loss limit of 6%.
  • Minimum Trading Days: No minimum trading day requirements.
  • Maximum Trading Days: No maximum trading day requirements.

Trading Strategies Allowed:

  • News Trading
  • Holding Trades Over the Weekend (with add-on feature)
  • EA’s, Copy Traders, Scripts, Indicators, and Hedging are allowed

Ment Funding distinguishes itself from other prop firms. It offers a single account type with a one-step evaluation process and features such as an unlimited trading period, no minimum trading day requirements, and various add-on options. With a Trustpilot rating of 4.7/5 and a community of successful traders, Ment Funding provides traders with a supportive environment and opportunities for growth and profitability.

MyFundedFX – Texas (USA)

MyFundedFX, a proprietary trading firm, was established in June 2022. It’s based in the United States at 100 Crescent Court Suite 700, Dallas, TX 75201. It offers traders the opportunity to trade without risking their capital. Led by CEO Matthew Leech, MyFundedFX evaluates traders through one-step or two-step evaluation challenges. Providing them with demo accounts for trading performance assessment.

Account Sizes:

  • Traders can manage account sizes up to $300,000.
  • Scaling options are available to increase account balances.

Trading Rules:

  • Profit Target: Traders must achieve specific profit targets, with no liability on the firm’s capital.
  • Profit Splits: Traders receive 80% profit splits.
  • Maximum Daily Loss: The maximum daily loss allowed is 5%.
  • Maximum Loss: Traders should not exceed an 8% maximum loss.
  • Minimum Trading Days: No specific minimum trading day requirements.
  • Maximum Trading Days: Unlimited trading period to complete evaluation phases.
  • Trading Strategies: News trading is allowed, with overnight and weekend holding permitted.

Read insights with MyFundedFX review.

Smart Prop Trader – Texas (USA)

Smart Prop Trader is a proprietary trading firm. It was established in July 2022 and is headquartered in Austin, Texas, United States. The firm empowers traders by providing them with access to capital and trading opportunities. Blake Olson and seasoned professionals with over a decade of collective experience lead Smart Prop Trader. Traders can operate with a capital allocation of up to $400,000, with profit splits ranging from 85% to 90%—the firm partners with Eightcap, a reputable broker, to offer favorable trading conditions to its traders.

Trading Rules:

  • Profit Target: Traders must achieve a profit target of 7% in phase one and 5% in phase two. Funded accounts have no profit targets.
  • Profit Splits: Traders receive profit splits ranging from 85% to 90%.
  • Maximum Daily Loss: The maximum daily loss is capped at 4% for all account sizes.
  • Maximum Loss: The maximum overall loss allowed is 8%, scalable up to 28% as traders scale their accounts.
  • Minimum Trading Days: No minimum trading day requirements.
  • Maximum Trading Days: No specified maximum trading day requirement.

Trading Strategies:

  • News Trading: Allowed
  • Holding Trades Over the Weekend: Allowed
  • Trade Copier: Not specified
  • EA (Expert Advisor): Not allowed

Read the comprehensive Smart Prop Trader review.

SurgeTrader – Florida (USA)

SurgeTrader is one of leading prop firms located in 4851 Tamiami Trail N STE 200, Naples, FL 34103, USA. Founded by CEO Jana Seaman.

Traders can operate with a capital allocation of up to $400,000, with profit splits ranging from 85% to 90%.The firm aims to support traders in maximizing profits while maintaining a Trustpilot rating of 4.7/5.

Trading Rules:

  • Profit Target: Traders must achieve a 10% profit target before progressing to funded accounts or scaling up.
  • Profit Splits: Profit shares range from 75% to 90% for traders.
  • Maximum Daily Loss: Limited to 5% for all account sizes.
  • Maximum Loss: Traders should not exceed a 6% maximum trailing drawdown.
  • Minimum Trading Days: No specific minimum trading day requirements.
  • Maximum Trading Days: No specified maximum trading day limit.

Trading Strategies:

  • News Trading: Allowed
  • Holding Trades Over the Weekend: Allowed
  • Trade Copier: Not specified
  • EA (Expert Advisor): Not specified

SurgeTrader provides funding opportunities through a two-phase audition process, offering account sizes ranging from $25,000 to $1,000,000. Traders must showcase their skills and discipline during the audition to qualify for funding. The firm partners with ThinkMarkets, an online brokerage based in London and Melbourne, for technological support.

Read our complete SurgeTrader review.

The Funded Trader – Texas (USA)

The Funded Trader, established on May 12, 2021, is a proprietary trading firm located at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642.

Led by Angelo Ciaramello, the firm offers traders the opportunity to access capital of up to $1,500,000 and profit splits as high as 90%. The company partners with brokers such as Eightcap and Purple Trading Seychelles.

Trading Rules:

  • Profit Target: Phase 1 requires a profit target of 10%, Phase 2 requires 5%.
  • Profit Splits: Range from 75% to 95% depending on the challenge.
  • Maximum Daily Loss: Varies by challenge, from 3% to 5%.
  • Maximum Loss: Ranges from 8% to 10% depending on the challenge.
  • Minimum Trading Days: 3 trading days minimum for each phase.
  • Maximum Trading Days: Up to 35 days for Phase 1, up to 60 days for Phase 2.
  • Trading Strategies: News trading allowed on certain accounts, holding trades over weekends permitted.
  • Traders can increase their account size by achieving a profit target of 6% or more within three months.
  • Account balance increases by 25% of the original balance upon meeting the target.

The Funded Trader offers traders a range of programs with clear and reasonable trading rules, providing opportunities for both novice and experienced traders to access capital and advance their trading careers.

Read our The Funded Trader review.

US Based Prop Firms - Find The Best Forex Prop Firm For You In Minutes (2024)

FAQs

Which prop firm is the best in the USA? ›

Quick Look: Best Prop Trading Firms
  • Best for Beginner Futures Traders: Apex Trader Funding.
  • Best for Experienced Traders: FXIFY.
  • Best for Stock Traders: Trade the Pool.
  • Best for Experienced and Beginner Forex, Indices and Metal Traders: The 5ers.
  • Best for All Futures Traders: BluSky.

Which prop firm has the fastest payout? ›

The Top Forex Prop Firms Ranked by Pay-out Frequency
Prop FirmPayout Cycle
Lux Trading FirmWeekly
Funded Trading PlusWeekly
Finotive FundingWeekly
FTMOBi-weekly
12 more rows

Which prop firm offers instant funding? ›

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

Do prop firms really pay out? ›

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

Which prop firm gives real money? ›

Prop Trading Firms with Real Capital
Proprietary Trading FirmProvided with Real Capital
FunderPro
Funding Pips
FXIFY
Glow Node
35 more rows
Apr 26, 2024

Which prop firm is regulated in the US? ›

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

Which prop firm is better than FTMO? ›

FunderPro: FunderPro is the most popular alternative to FTMO. It has a similar two-step challenge process, but the requirements are slightly more lenient. For example, the FunderPro Challenge requires a 10% profit target in 30 days, while the FTMO Challenge requires a 12% profit target.

Which prop firm pays weekly? ›

Proprietary Trading Firm Payout Cycles
Proprietary Trading FirmPayout Cycle
FunderProWeekly
Funding PipsEvery 5 Days
FXIFYOne-phase Evaluation: Monthly (Bi-weekly with Add-on) Two-phase Evaluation: Monthly (Bi-weekly with Add-on) Three-phase Evaluation: Monthly (Bi-weekly with Add-on)
Glow NodeBi-weekly
35 more rows
Apr 26, 2024

Which prop firm has the tightest spreads? ›

Coinexx: Coinexx offers tight spreads starting from as low as 0.0 pips. Providing traders with cost-effective trading conditions. XM: it is recognized for its low spreads, with some of the currency pairs often having spreads as low as 0.0 pips during favorable market conditions.

Which prop firm has 0 minimum trading days? ›

If you want prop firms with no minimum trading days, Smart Prop Trader is the right choice. We are a proprietary firm in Austin, Texas, established in 2022, and we aim to offer exemplary benefits and spreads to traders.

Where do forex prop firms get their money? ›

Commission: Prop firms may charge a commission on each trade made by their traders. Profit Split: In some cases, prop firms may take a percentage of the profits earned by their traders as a form of compensation. Training Fees: Some prop firms offer training programs for new traders, which may come at a cost.

How to get a free funded forex account? ›

Several trading firms and platforms offer free funded trading challenges that allow traders to demonstrate their trading skills and potentially qualify for funded forex accounts. These challenges typically involve trading simulated or live accounts with virtual funds provided by the platform.

Which is the most trusted prop firm? ›

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

How to check if a prop firm is legit? ›

Ratings and reviews

Look for the firm on rating sites (such as TrustPilot). See if the firm is on lists of good prop firms (such as this one). Read what traders say about the firm. Remember, though, that ratings sometimes can be manipulated, and reviews can be fake.

How many people pass FTMO? ›

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Is FTMO allowed in the US? ›

Please note that FTMO does not provide services to persons in/from (both nationals and residents) Iran, Syria, Myanmar, North Korea and USA, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.

Which prop firm is the easiest to pass? ›

Overview: OneUp Trader is a reputable firm in the prop trading arena, offering traders an opportunity to trade a funded account without risking personal capital. They are known for their straightforward evaluation process and supportive trading community.

Can US citizens use prop firms? ›

For US citizens to get a Forex prop firm account, they must meet certain criteria and undergo a review process. The most important requirement is that the individual must be a US citizen and have a US bank account.

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