Many prop trading firms have restricted US clients due to regulatory concerns and market challenges. The US has stringent regulations surrounding leveraged trading, which has led some proprietary trading firms to limit or suspend services for US traders.
A key reason for these restrictions is the regulatory crackdown by US authorities. Strict financial regulations, particularly those regarding leveraged trading, have made it difficult for firms to operate in the country. This has forced some firms to halt or limit their US operations, affecting the ability of US traders to access leveraged accounts that are commonly offered by prop firms.
Another significant factor is MetaQuotes Software, the provider of MetaTrader platforms. MetaQuotes has pressured firms to stop offering services to US clients, threatening to revoke licenses for non-compliance. In 2022, two MetaTrader apps were removed from the Apple App Store following fraud concerns involving US users. This action highlighted the challenges firms face in maintaining compliance with US laws, forcing them to reconsider their service offerings in the US market.
Market development also plays a role in restricting services. Some prop firms have noted that US regulations and market scaling challenges have led them to focus on other regions, making it difficult for them to serve US clients effectively. The cost and complexity of navigating US compliance issues have deterred many firms from offering services to US traders.
Prop trading companies like Alpha Capital, Blue Guardian, FTMO, MyFundedFX, Audacity Capital, and The5ers have restricted access to US clients. However, there are still several firms that continue to accept US traders, provided they meet the necessary regulatory requirements.
Some of the prop firms that remain accessible to US traders include:
While these firms remain accessible to US traders, it’s important to keep in mind that the regulatory environment is constantly evolving. Regulatory changes, especially those related to leveraged trading and financial services, can significantly impact a firm’s ability to serve US traders.
It's essential to regularly verify the current status of each firm's policies regarding US clients. As regulations continue to evolve, some firms may update their eligibility requirements or introduce new opportunities for US traders to comply with changing laws.
