7 Best Prop Firms for US Traders

Many traders in the U.S. aspire to trade with larger amounts of capital, aiming to boost their trading careers and achieve their financial goals. However, the majority of prop firms require traders to complete a challenging evaluation process before granting access to their funding. Requiring traders to pass a trading challenge to prove their skills before receiving funding can be daunting and often discourages traders from getting started. 

If you’re looking for the best prop firms for U.S. traders, a no-challenge prop firm can help you skip the daunting evaluations and get funded faster. This guide will help you easily find and choose the top prop trading firms in the U.S. that offer the best funding, support, and trading conditions to boost your trading career.

Goat Funded Trader's solution, a no-challenge prop firm, can help you achieve your goals with less stress and more support. The firm provides traders with instant access to their funding, eliminating trading challenges so that you can take your career to the next level without the unnecessary pressure of evaluation. 

7 Best Prop Firms for US Traders

1. Goat Funded Trader (GFT)

Goat Funded Trader (GFT) has quickly become one of the leading proprietary trading firms for U.S. traders, thanks to its transparent, flexible, and trader-focused approach. Since its establishment in 2022, GFT has paid out over $9.1 million to more than 98,000 traders globally, demonstrating its commitment to rewarding trading talent.

One of the standout aspects of GFT is its flexible funding options. Traders can choose from multiple account sizes and challenge types, including instant funding for experienced traders who want to skip the evaluation phase. There are no time limits on challenges, allowing traders to progress at their own pace without pressure.

Profit sharing at GFT is highly competitive, with a standard 80% profit split that can be upgraded to 100%, letting traders keep the vast majority of their earnings. The firm also offers a fast payout system, with some withdrawals processed within hours, and the option to withdraw up to three times a month without incurring additional fees.

GFT supports a vast range of assets, including over 1,300 forex pairs, 14,000 stocks, 21,000 ETFs, and more than 1,500 crypto pairs, providing traders with extensive market access. The proprietary trading platform features a custom dashboard that provides real-time trading stats, top trades, and account management tools, all designed to enhance the trader experience.

The firm’s scaling program rewards consistent performance, enabling traders to grow their accounts over time. Additionally, GFT’s risk management system, backed by in-house technology, ensures sustainable trading practices.

Key Features of Goat Funded Trader for U.S. Traders

• No time limits on challenge phases
• Competitive pricing with multiple account sizes
• Standard 80% profit split, upgradeable to 100%
• Fast payouts, sometimes within hours, with up to three withdrawals monthly 
• Access to 1,300+ forex pairs, 14,000 stocks, 21,000 ETFs, 1,500+ crypto pairs
• Proprietary custom dashboard for real-time stats and trade tracking
• Flexible evaluation models, including instant funding options
• Robust risk management with automated drawdown controls
• Attractive scaling program rewarding consistent traders
• Freedom to trade news events without restrictions

2. E8 Markets

E8 Markets is one of the premier proprietary trading firms for U.S. traders, offering a blend of flexibility, transparency, and trader-centric features. With over $56 million paid out to traders worldwide, E8 Markets supports a global community while offering tailored programs that cater to various trading styles and experience levels.  

5 Key Features of E8 Markets

• Up to 100% profit split with flexible payout schedules
• Fast payouts, average within 10 hours, first payout available after 8 days
• Customizable evaluation programs for Forex and Futures traders
• Advanced trading tools, including TradingView-powered charting on the E8X platform
• 24/5 dedicated customer support and an active global trading community

3. Apex Trader Funding

Apex Trader Funding is recognized as one of the top proprietary trading firms for U.S. traders, offering a highly trader-centric funding model that emphasizes fast payouts and flexible trading conditions. Founded in 2021 and headquartered in Austin, Texas, Apex has quickly built a global community. One of the firm’s key advantages is its short qualification period.  

Key Features of Apex Trader Funding

• Qualification achievable in as little as seven trading days 
• The live trailing drawdown threshold is visible in the rTrader software
• Ability to trade holidays and news events within session hours
• Access to multiple trading platforms, including NinjaTrader, rTrader, Rithmic, and Tradovate
• Generous profit splits: 100% on first $25,000, then 90% thereafter with twice-monthly payouts

4. TopTier Trader

Top Tier Trader is widely regarded as one of the best proprietary trading firms for U.S. traders, thanks to its balanced and trader-friendly funding programs. The firm offers a streamlined One Phase Challenge that combines achievable profit targets with realistic risk limits, making it accessible for traders with various styles and experience levels.  

Key Features of Top Tier Trader

• One Phase Challenge with 10% profit target and 6% max drawdown
• Up to 90% profit split, maximizing trader earnings
• Flexible trading rules allowing news and weekend trading
• Built-in scaling program for account growth
• Fast withdrawals with an average payout time of 8 hours

5. City Traders Imperium

City Traders Imperium (CTI) is recognized as one of the top proprietary trading firms for U.S. traders, offering a range of flexible funding programs tailored to various trading styles and experience levels. Since its founding in 2018, CTI has built a reputation for providing risk-free funding opportunities with no time limits on challenges and no restrictions on news, weekend, or overnight trading.  

Key Features of City Traders Imperium

• Multiple funding options, including 1-Step, 2-Step Challenges, and Instant Funding
• Up to 100% profit share with fast eligibility for rewards (as early as 5 days)
• No restrictions on news, weekend, or overnight trading
• Trading on MetaTrader 5 and Match-Trader platforms
• On-demand payouts and a scaling plan up to $4 million in capital

6. ThinkCapital

ThinkCapital is emerging as one of the best proprietary trading firms for U.S. traders by combining advanced technology, trader empowerment, and strong industry backing. Powered by ThinkMarkets, a globally recognized and multi-regulated broker, ThinkCapital offers a unique ecosystem designed to unlock traders’ full potential with substantial capital and cutting-edge tools.  

Key Features of ThinkCapital

• Multiple evaluation programs: One-Phase, Dual Step, and Nexus Challenges
• Up to 90% profit split to maximize trader earnings
• Integration with TradingView for advanced charting and trade execution
• Personal account growth, allowing traders to build their own funded accounts
• Backed by ThinkMarkets, a multi-regulated, globally recognized broker

7. BrightFunded

BrightFunded stands out as one of the best proprietary trading firms for U.S. traders by offering a transparent, trader-focused, and technologically advanced funding model. The firm empowers skilled traders to access capital of up to $200,000 without risking their funds, allowing them to retain between 80% and 100% of their profits. This generous profit split is among the highest in the industry, maximizing trader earnings.  

Key Features of BrightFunded

• Up to $200,000 funding with 80% to 100% profit share
• Transparent evaluation with clear profit targets and drawdown limits
• No time limits on challenge periods for flexible trading
• Rapid payouts averaging 4 hours, guaranteed within 24 hours
• Access to the cTrader and DXtrade platforms with diverse asset classes

Related Reading

• Prop Firm Trading Challenge
• Prop Firms That Allow HFT
• Prop Firms With No Time Limit
• Futures Prop Firms That Use TradingView
• HFT Firms
• Prop Trading vs Hedge Fund

Why Some Prop Firms Do Not Accept US Traders

Regulatory Complexity

US financial regulations are among the strictest in the world. Firms wishing to serve American traders must comply with a complex web of rules enforced by agencies like the Commodity Futures Trading Commission, or CFTC, and the National Futures Association, or NFA. These regulations demand rigorous registration, identity verification, anti-money laundering systems, and transparent risk disclosures. Many international prop firms find these requirements burdensome and costly, leading them to exclude US clients to avoid the risk of non-compliance.

Legal Liability and Infrastructure

Legal risks are higher when dealing with US clients. Foreign property firms may lack the necessary legal resources or infrastructure to handle disputes, regulatory investigations, or lawsuits involving U.S. residents. The US legal system is renowned for its complexity and the potential for significant penalties, which can deter some firms from accepting this exposure.

Broker and Platform Restrictions

Many brokers and trading platform providers restrict US clients. Offshore brokers that prop firms partner with often have explicit terms prohibiting US residents due to their regulatory constraints. Additionally, recent actions by MetaQuotes, the provider of MetaTrader 4 and 5, have led to a crackdown on US-based prop trading. MetaQuotes has pressured firms to stop offering its platforms in the US to avoid regulatory issues, forcing many prop firms to suspend their US registrations or switch to alternative platforms, such as DXtrade, cTrader, and Match-Trader.

Market Access Limitations

Some prop firms lack access to US-preferred markets. Certain asset classes, such as US futures contracts, are not readily available through all international brokers. This limits what non-US prop firms can offer American traders, further discouraging them from seeking US clients.

Related Reading

• Tradelocker Prop Firm
• Forex Prop Firm No Challenge
• Prop Firms That Allow Copy Trading
• Forex Prop Firm No Challenge
• Prop Firms in Canada
• Futures Swing Trading Prop Firm
• Best Prop Firms UK
• Prop Firms in Australia

Features to Look for in US-Friendly Prop Firms

Regulatory Transparency

Regulatory compliance is a key concern for traders to ensure that their funds are safe. A reputable US-friendly prop firm should disclose how it complies with US trading regulations and any necessary registrations required by law. Transparency in legal operations fosters trust and ensures that traders are protected under applicable laws.

Diverse and Robust Trading Platforms

Look for firms offering access to multiple well-known trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), Match Trader, cTrader, or proprietary platforms integrated with TradingView. These platforms should be fully functional and unrestricted by geographic location, offering flexibility and advanced tools for various trading styles.

Competitive Profit Splits and Funding Options

Top prop firms provide generous profit-sharing arrangements, often up to 90%, with reasonable minimum trading days or challenge requirements. Additionally, scalable funding options, ranging from initial challenges to multi-million-dollar accounts, allow traders to grow their capital as they prove their skills.

Advanced Risk Management Tools

Effective risk control is vital. The best firms equip traders with built-in risk management features like stop-loss orders, position sizing tools, real-time risk analytics, and account protection mechanisms. These tools help maintain discipline and protect both the trader's and the firm's capital during evaluations and live trading.

Comprehensive Educational Resources and Support

Access to extensive learning materials, including trading strategies, market analysis, mentorship programs, and community support, can significantly enhance a trader’s success. US-friendly property firms often provide these resources alongside responsive customer service, available via live chat, email, or dedicated account managers.

Transparent and Flexible Trading Rules

Clear, fair, and flexible trading rules allow traders to adopt various trading styles, from scalping to swing trading, while maintaining discipline. Transparency in evaluation criteria and payout terms is crucial to prevent surprises and promote a professional trading environment.

Real-Time Market Data and Performance Analytics

Reliable access to real-time quotes, news feeds, and comprehensive performance analytics tools enables traders to make informed decisions and continuously improve their trading strategies. Algorithmic trading capabilities are an added advantage for those employing an automated approach.

‍Goat Funded Trader gives you access to simulated accounts up to $800K with the most trader-friendly conditions in the industry - no minimum targets, no time limits, and triple paydays with up to 100% profit split. Join over 98,000 traders who have already collected more than $9.1 million in rewards, all backed by our 2-day payment guarantee with a $500 penalty for delays. Choose your path to funding through customizable challenges or start trading immediately with our instant funding options. Sign up to Get Access to up to $800 today, and 25-30% off.

Tips for US Traders to Get Funded Faster

Choose Prop Firms with Realistic Trading Rules

Pick a proprietary trading firm that has realistic parameters, especially regarding daily drawdown limits. Firms with flexible drawdown policies allow traders to operate within normal market volatility. Before committing, review each firm's rules to ensure they align with your trading style and risk tolerance.

Adjust Your Strategy for the Evaluation

Adapt your trading approach specifically for the prop firm challenge. Even experienced traders may need to adjust their usual methods to meet evaluation metrics and risk controls. Focus on the firm's requirements, such as minimum trading days, profit targets, and risk limits, while maintaining sound risk management principles. Avoid experimenting with new strategies during the challenge; instead, rely on methods that have been thoroughly tested and backtested.

Maintain Consistent Risk and Position Sizing

Inconsistent risk management is the top reason traders fail prop firm evaluations. Establish a clear risk-per-trade plan and stick to it throughout the challenge. Use predefined risk-reward ratios, such as 1:2, to balance potential gains with acceptable losses. Consistency in position sizing not only protects your capital but also demonstrates discipline and reliability to the funding firm.

Focus on High-Quality Trade Setups

Prioritize quality over quantity when selecting trades. Successful traders know that a few high-probability setups are far more effective than taking numerous mediocre trades. This approach helps you avoid overtrading, a common pitfall that leads to unnecessary losses and increased risk. Stick to your trading plan and only take trades that meet your strict criteria.

Practice in Simulated Environments

Use demo accounts or simulation tools to practice under evaluation conditions before starting the real challenge. This allows you to familiarize yourself with the firm's trading rules and refine your strategy without risking real capital. Practicing in a simulated environment builds confidence and helps you adapt your skills to the specific requirements of the prop firm.

Consider Instant Funding Options

Some prop firms like Goat Funded Trader now offer instant funding programs, allowing traders to bypass lengthy evaluation periods. By paying an upfront fee, qualified traders can access capital and start trading immediately, subject to the firm’s risk management rules and profit-sharing arrangements. This can be a faster route to funding for experienced traders who are confident in their abilities.

Prioritize Emotional Discipline

Emotional control is critical during prop firm challenges. Avoid impulsive decisions, revenge trading, or deviating from your plan after a loss. Set personal daily loss limits, even stricter than the firm’s rules, to prevent emotional trading after setbacks. Maintaining composure and discipline significantly increases your chances of passing the evaluation.

Stay Informed and Prepared

Monitor major news events and macroeconomic announcements that could impact the markets you trade. Being caught off guard by significant events can lead to unexpected volatility and jeopardize your challenge. Establish a routine of staying updated to anticipate and manage risks effectively.

Related Reading

• Cheapest Prop Firm Challenge
• Best Remote Prop Trading Firms
• Prop Trading Firms NYC
• Best Instant Funding Prop Firms
• Prop Trading Deutschland
• Best Prop Firm Passing Service
• Largest Prop Trading Firms

Get 25-30% off Today - Sign up to Get Access to Up to $800K Today

Goat Funded Trader gives you access to simulated accounts up to $800K with the most trader-friendly conditions in the industry. Many prop firms have rules that set their traders up for failure. At Goat Funded Trader, we don’t believe in that. Instead, we prioritized your trading success by eliminating all the unrealistic targets and time limits. Instead, you can enjoy no minimum targets, no time limits, and triple paydays with up to 100% profit split. 

Join over 98,000 traders who’ve already collected more than $9.1 million in rewards, all backed by our 2-day payment guarantee with $500 penalty for delays. Choose your path to funding through customizable challenges or start trading immediately with our instant funding options. Sign up to get access to up to $800K today, and 25-30% off.

‍