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

Which prop firm is the best in the USA? ›

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.

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.

Which prop firm is better than FTMO? ›

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

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.

Can US citizens use prop firms? ›

US citizens can easily get a Forex prop firm account by choosing platforms like True Forex Funds. They offer trading platforms such as Match Trader, along with good spreads, fast execution, and reliable customer support.

Which prop firm gives real money? ›

Prop Trading Firms with Real Capital
Proprietary Trading FirmProvided with Real Capital
FunderPro
Funding Pips
FXIFY
Glow Node
32 more rows

Are forex prop firms legal in the US? ›

Currently, online forex prop firms are legal, although there is lacking documentation and regulation for prop firms to follow. It is not illegal to operate or trade with a prop firm. However, where most online prop firms come unstuck is in their business practices and terms of service.

Is FTMO banned in the US? ›

FTMO Banned USA Clients – Heres our Top 5 Alternatives (Accepting USA Traders) FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

What prop firms take US clients? ›

The one prop firm that is safe and reliable for US clients: RebelsFunding. RebelsFunding is a prop firm that offers unique trading programs for forex traders. They provide traders with training accounts that they can use to trade and earn commission without the risk of losing their own funds.

What is the fastest prop firm payout? ›

Funding Pips and Maven lead the rankings with the most frequent pay-outs, offering transactions every 5 days. Close behind, Traddoo and Funded Trading Plus offer weekly pay-outs. Smart Prop Trader, with its 12-day pay-out cycle, caters to those with a trading style that can accommodate less frequent access to funds.

Which prop firm has the lowest fees? ›

Top Best Cheapest Prop Trading Firms
  • 1) Funded Trading Plus.
  • 2) FTMO.
  • 3) TopStepTrader.
  • 4) Fidelcrest.
  • 5) LuxTradingFirm.
  • 6) OneUp Trader.
  • 7) FTUK.
  • 1) Funded Trading Plus.
Apr 4, 2024

Does FTMO really pay? ›

In conclusion, FTMO is a reputable proprietary trading firm that pays out profits to its traders as promised. The company has a transparent and reliable payout process, and numerous positive reviews from satisfied traders attest to this.

Which is the most trusted prop firm? ›

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

What is the best instant trading prop firm? ›

While FTMO stands out as the best overall prop firm, other options such as Fidelcrest, 5%ers, BluFX, Glow Node, Smart Prop Trader, FTUK, Instant Funding, and SurgeTrader also offer attractive features and benefits.

What is the best funded trader program? ›

Top 5 Best Funded Trader Programs 2024
  1. Bespoke Funding Program. Bespoke Funding Program is a prop firm where traders come together to help each other grow and succeed. ...
  2. Funded Trading Plus. ...
  3. Trade The Pool. ...
  4. The 5ers. ...
  5. Instant Funding.
Mar 15, 2024

How do I choose a prop 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.

How do I choose a prop trading firm? ›

When selecting a prop firm, reputation is paramount. Look for firms with a solid track record, especially in terms of reliability, payouts, and customer satisfaction. Assess their trading conditions, including spreads, fees, and leverage offered.

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