The proprietary trading industry has grown rapidly, with many firms accepting U.S. traders to manage large capital allocations in forex, stocks, and CFDs. Below are five reputable prop firms that accept U.S. clients, including Rize Capital.
1. Rize Capital
Rize Capital offers a unique approach to proprietary trading by providing accounts up to $500,000 without strict rules like daily drawdowns or trading minimums. Traders must meet a 100% profit target in a one-phase evaluation to get funded, and payouts are made every Friday with an 80% profit split. The firm supports MetaTrader 4 and 5 and doesn’t impose restrictions like holding overnight positions or trading during news events. This makes Rize Capital an attractive option for U.S.-based traders seeking flexible trading conditions.
2. FTMO
FTMO is one of the most well-known prop firms globally and accepts U.S. traders. It offers an evaluation process that consists of a two-phase challenge, where traders must hit profit targets while staying within risk limits. Once traders pass, they receive a funded account and can earn up to a 90% profit split. FTMO supports trading in forex, commodities, indices, and cryptocurrencies using MetaTrader 4/5 and cTrader. U.S. clients appreciate the firm’s structured evaluation process and the possibility to scale up to a $400,000 account.
3. TopStep
TopStep focuses on futures trading and is a popular choice for U.S. traders. Unlike many forex-oriented prop firms, TopStep gives traders access to futures markets such as the S&P 500, crude oil, and gold. Traders must pass a two-step evaluation process before being funded. The firm offers scaling plans and allows traders to keep 100% of the first $5,000 in profits, followed by an 80/20 split. TopStep is highly regarded for its education and mentorship programs, making it ideal for futures traders in the U.S.
4. E8 Funding
E8 Funding is a newer player in the proprietary trading space but has quickly gained traction for its trader-friendly model. U.S. clients can participate in a two-phase evaluation, focusing on maintaining consistent performance with low drawdowns. Once funded, traders can access capital up to $250,000 and earn an 80% profit split, with the potential to scale over time. E8 allows the use of expert advisors (EAs), news trading, and weekend positions, offering flexibility for various trading styles.
5. The 5%ers
The 5%ers offers a unique program that allows U.S. traders to get funded from day one without an evaluation phase. Instead, traders receive a small initial allocation (starting at $6,000 to $40,000) and must meet conservative profit targets while keeping risk low. As traders perform well, they can scale up to managing accounts as large as $1,280,000. This firm specializes in forex trading and offers a profit split of 50%-70%, depending on account size and performance. The 5%ers is a good fit for traders seeking long-term growth and consistent scaling.
Conclusion
For U.S.-based traders looking to join prop firms, the options range from forex-focused firms like FTMO and The 5%ers to futures-centered firms like TopStep. Rize Capital, with its flexible rules and large capital allocations, stands out for traders looking for less restrictive trading environments. Each firm provides unique opportunities, so it’s essential to choose one that aligns with your trading style and goals.
Comments