Proprietary trading firms (prop firms) provide traders with access to funded accounts through structured evaluation programs. In the United States, regulatory and operational constraints influence how these firms offer their services to US-based traders. As a result, not all prop firms operate under the same models or market structures.
Generally, most prop firms that accept US traders rely on simulated trading environments, while futures-focused firms operate under different frameworks. In this article, we present five prop trading firms currently available to traders in the United States, based on publicly available information as of 2026.
Overview of Prop Trading in the USA
In most cases, prop trading firms require traders to complete an evaluation phase before granting access to a funded account. During this process, traders must achieve predefined profit targets while respecting drawdown limits and risk rules.
Additionally, the majority of forex and CFD prop firms serving US traders offer simulated accounts rather than direct access to live brokerage capital. By contrast, futures prop firms follow a different structure due to centralized exchanges and clearing mechanisms.
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Prop Trading Firms Available to US Traders
1. FTMO
FTMO operates as an international proprietary trading firm with a structured, evaluation-based model. Currently, the firm accepts US traders under a simulated funding framework.
FTMO applies predefined risk parameters and multi-step evaluations. Furthermore, traders who meet performance requirements may access scaling plans and profit-sharing arrangements over time.
- Asset classes: Forex, indices, commodities, crypto (simulated)
- Profit split: Up to 90%
- Account structure: Evaluation-based, simulated for US traders
Read the full FTMO review for detailed information about evaluation rules, account sizes, and payout conditions.
2. The5ers
The5ers provides proprietary trading programs that emphasize long-term account growth. Unlike many competitors, certain programs do not impose strict time limits during the evaluation phase.
US traders participate through an offshore structure. At the same time, the firm focuses on drawdown control and gradual scaling across its funding models.
- Asset classes: Forex, indices (simulated)
- Profit split: Up to 80–90%
- Account structure: Time-unrestricted evaluation options
Read the full The5ers review to learn more about funding paths, scaling plans, and trading conditions.
3. FundedNext
FundedNext offers multiple evaluation models designed to support different trading approaches. Consequently, traders can choose programs based on preferred timelines and risk profiles.
US traders access these programs through simulated trading accounts. In addition, FundedNext provides various account sizes and scheduled payout cycles depending on the selected model.
- Asset classes: Forex, indices, commodities (simulated)
- Profit split: Up to 90%
- Account structure: Multi-model evaluation programs
Read the full FundedNext review for a breakdown of challenge types, fees, and payout rules.
4. Apex Trader Funding
Apex Trader Funding focuses exclusively on futures trading and accepts US-based traders. Because of this, its operating structure differs from forex and CFD prop firms.
The firm designs evaluation programs around futures contracts traded on regulated exchanges. As a result, funded accounts follow futures-specific drawdown and payout rules.
- Asset classes: Futures only
- Profit split: Up to 90%
- Account structure: Futures-based evaluation programs
Read the full Apex Trader Funding review for detailed information on futures contracts, scaling, and withdrawal policies.
5. City Traders Imperium
City Traders Imperium (CTI) offers proprietary trading programs with flexible trading conditions. Notably, the firm allows overnight and news trading, depending on the selected program.
US traders participate under an offshore model. Nevertheless, CTI maintains defined evaluation criteria and performance-based payout structures.
- Asset classes: Forex, indices (simulated)
- Profit split: Up to 80%
- Account structure: Evaluation-based funding programs
Read the full City Traders Imperium review for additional details on rules, platforms, and program options.
Comparison Table: US Prop Trading Firms (2026)
| Prop Firm | Available in USA | Asset Class | Funding Model | Profit Split (Up to) | Time Limits |
|---|---|---|---|---|---|
| FTMO | Yes | Forex, Indices, Commodities | Simulated | 90% | Yes |
| The5ers | Yes | Forex, Indices | Simulated | 80–90% | No (selected plans) |
| FundedNext | Yes | Forex, Indices, Commodities | Simulated | 90% | Varies by plan |
| Apex Trader Funding | Yes | Futures | Futures-based | 90% | Yes |
| City Traders Imperium | Yes | Forex, Indices | Simulated | 80% | Limited / Flexible |
Rules and Regulation
Prop trading firms do not operate as licensed brokers in the United States. However, regulators influence their activities indirectly through broker relationships, platform providers, and payment processors.
For this reason, most forex-focused prop firms rely on simulated environments for US traders. Meanwhile, futures prop firms operate within regulated exchange infrastructures.
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Summary of Available Prop Trading Options in the USA
The firms listed above represent proprietary trading options currently accessible to traders based in the United States. Although operating models differ, all five firms provide funded trading opportunities through structured evaluation programs.
Overall, trading conditions, rules, and payout structures vary by provider and may change over time. This article presents a comparative informational overview based on publicly available data and does not constitute investment advice.
