10 Best Prop Firms for USA Forex & Futures Traders (Updated)

Proprietary trading firms offer U.S.-based forex and futures traders access to capital without risking personal funds. These firms evaluate traders through challenges, rewarding successful participants with funded accounts and high profit splits (80%-100%). This model has gained popularity due to economic pressures and advanced trading technology. Below are the top 10 prop firms for U.S. traders in 2025:

• My Funded Futures (MFFU): U.S.-based, focuses on futures trading with a two-phase evaluation process and up to 90% profit splits.
• FundingTicks: UK-based, supports U.S. traders with a single-phase evaluation, futures-only focus, and profit splits starting at 80%.
• Tradeify: U.S.-based, new in the market, offers futures-only accounts with straightforward rules.
• Bulenox: U.S.-based, single-step evaluation, flexible drawdown options, and micro futures trading.
• Apex Trader Funding: Established U.S. firm with global reach, supporting futures traders with competitive terms.
• Take Profit Trader: Florida-based, single-phase evaluation, no time limit, and allows high-impact news trading.
• FundedNext Futures: Launched in 2025, UAE-based firm catering to U.S. futures traders with flexible rules and reliable payouts.
• Lucid Trading: Known for fast payouts, 90/10 profit splits, and a focus on futures contracts.
• Phidias Propfirm: European firm offering extensive futures options, covering U.S. exchanges like CME and CBOT.
• BluSky Trading: Futures-focused, structured two-phase evaluation with regular payouts.

Quick Comparison

Each firm has unique features, rules, and payout structures, so choose based on your trading style and goals.

Ultimate Futures Prop Firm Tier List 2025 (From A 7 Figure Trader)

1. My Funded Futures (MFFU)

Established in November 2023 and based in Delaware, USA, My Funded Futures (MFFU) focuses on futures trading in key markets such as the E-mini S&P 500, Nasdaq, crude oil, and agricultural commodities. The company supports well-known trading platforms like Rithmic, Tradovate, and Quantower, ensuring fast execution speeds tailored to U.S. traders.

MFFU’s evaluation process involves a two-phase challenge. In Phase 1, traders aim for an 8% profit target, while Phase 2 lowers the target to 5%. Both phases come with clear risk parameters, including a maximum daily drawdown of 3% and an overall drawdown limit of 6%. Once traders pass and are funded, they can earn up to 90% of their profits, with payouts available every two weeks. This firm highlights the trader-centric models gaining traction in 2025, offering straightforward rules and robust support for American futures traders navigating today’s dynamic markets.

2. FundingTicks

Year Founded and Location

FundingTicks began its operations in 2022, based in the United Kingdom, but it’s designed to cater to U.S. traders as well. The firm has quickly gained traction in the futures proprietary trading world, thanks to its straightforward rules and competitive profit-sharing model.

Markets and Asset Classes Supported

Specializing in futures trading, FundingTicks covers key U.S. markets. These include E-mini contracts (S&P 500, Nasdaq, Dow Jones), energy commodities like crude oil and natural gas, precious metals such as gold and silver, and agricultural products. Unlike some competitors, FundingTicks does not venture into forex or cryptocurrency trading, keeping its focus on futures – an area that resonates strongly with U.S. traders.

Platform Compatibility

FundingTicks supports some of the most popular platforms for futures trading, including Rithmic and Tradovate, both known for their low-latency execution – an essential feature for futures traders. Additionally, the firm offers compatibility with Quantower and Sierra Chart, providing more flexibility for traders who prefer customizable interfaces. These platforms ensure access to reliable data feeds and seamless order execution, making them a strong foundation for the firm’s evaluation process.

Challenge Rules

What sets FundingTicks apart is its single-phase evaluation system, unlike many firms that require a two-step process. To pass, traders need to achieve a 10% profit target within 30 days while adhering to strict risk parameters: daily losses must stay below 3%, and total drawdown cannot exceed 6% of the account’s highest balance.

Traders enjoy flexibility with no minimum trading days, the ability to hold positions overnight, and the option to skip weekends without penalties. These features allow traders to tailor their strategies without unnecessary restrictions.

Withdrawal and Payout Structure

Once traders pass the evaluation, they start with an 80% profit split, which increases to 90% after three months of consistent performance. Payouts are processed biweekly, but traders must maintain their account balance above the initial funding level to qualify for withdrawals.

Account options range from $25,000 to $300,000, with evaluation fees starting at $165 for the smallest account and reaching $2,500 for the largest. Importantly, these fees are refundable upon the first successful withdrawal, adding an incentive for traders to perform well.

Strengths and Weaknesses for U.S. Traders

FundingTicks stands out for its transparent and simple rules, making it a great choice for traders who appreciate clarity over complicated, multi-phase challenges. Its focus on major U.S. futures markets aligns perfectly with American trading hours and preferences.

That said, the 10% profit target within 30 days might be a steep hurdle for more conservative traders, potentially encouraging riskier approaches. Additionally, the firm’s exclusive focus on futures could be a drawback for those seeking diversification into forex or stocks. Another consideration is that customer support operates on GMT hours, which might not always align with U.S. trading schedules.

3. Tradeify

Tradeify, established in June 2024 in Miami, Florida, is a platform dedicated solely to futures trading.

Being based in the U.S. makes it particularly appealing to American traders. However, as a newer entrant in the market, it has a relatively short track record to evaluate.

4. Bulenox

Bulenox, established in 2022 and officially registered as an LLC in December 2020, operates out of Wilmington, Delaware. Despite being a newer name among U.S.-based futures prop firms, it has quickly gained attention for its trader-friendly approach.

Markets and Asset Classes Supported

Bulenox focuses exclusively on futures trading, offering access to a wide range of markets. Catering to U.S.-based traders, the firm provides necessary tax documentation, such as Form 1099-NEC, ensuring compliance with American tax requirements.

Traders can explore major futures categories, including:

• Stock index futures: E-mini S&P 500 (ES) and NASDAQ 100 (NQ)
• Currency futures: Euro FX (6E) and British Pound (6B)
• Metals futures: Gold (GC) and Silver (SI)
• Agricultural futures: Corn (ZC) and Soybeans (ZS)

For those with smaller accounts, Bulenox also offers micro futures contracts, making it accessible to a broader range of traders. This extensive market access supports a straightforward evaluation process for participants.

Challenge Rules

Bulenox simplifies the path to its Master Account with a single-step evaluation process, eliminating the need for multi-phase challenges. Traders can choose between two drawdown management systems:

• Option 1: Real-time trailing drawdown
• Option 2: End-of-day (EOD) drawdown calculation

Additionally, there’s no minimum trading days requirement, allowing skilled traders to advance based solely on their performance, rather than time constraints.

Withdrawal and Payout Structure

Once traders pass the evaluation, the payout process is straightforward. Funded traders are treated as independent contractors for tax purposes, streamlining the withdrawal process for U.S.-based participants.

Strengths and Weaknesses for U.S. Traders

Bulenox’s Delaware location ensures clear regulatory oversight, and its futures-only focus aligns well with U.S. trading hours. Features like flexible drawdown options and the absence of a minimum trading days requirement make it particularly appealing to experienced traders. However, as a firm established in 2022, its relatively short track record may give some traders pause when considering its long-term stability.

5. Apex Trader Funding

Apex Trader Funding, established by Darrell Martin in 2021, is headquartered in Austin, Texas, at 2028 East Ben White Boulevard. Since its launch, the company has expanded into a global network, boasting tens of thousands of members from more than 150 countries. With strong U.S. operations, Apex Trader Funding is well-positioned to cater to the needs of American futures traders while maintaining a broad international presence. This dual focus provides a competitive advantage for traders in the U.S. markets.

6. Take Profit Trader

Take Profit Trader, founded by James Sixsmith in 2021 and based in Orlando, Florida, has quickly become a go-to futures prop firm for U.S.-based traders looking for funded accounts. Here’s a breakdown of what sets this firm apart and the rules traders need to know.

Markets and Asset Classes Supported

Take Profit Trader focuses solely on futures contracts, covering a range of commodity, financial, and index futures markets.

Platform Compatibility

The firm supports widely-used futures trading platforms designed for fast and efficient execution.

Challenge Rules

Take Profit Trader keeps its evaluation process straightforward with a single-step "Test" phase. Traders must trade for a minimum of 5 days, but there’s no overall time limit, which helps reduce the pressure to rush through the challenge.

The evaluation includes an End-of-Day (EOD) drawdown rule, but there’s no daily loss limit. However, traders must stay within the total loss limit (maximum drawdown) throughout the challenge. A 50% consistency rule is also in place, meaning no single day’s profits can exceed half of the total profits.

High-impact news trading is allowed, giving traders more opportunities to capitalize on market events. On the flip side, Expert Advisors (EAs), automated trading bots, Martingale, and Arbitrage strategies are all prohibited across all phases.

Withdrawal and Payout Structure

While in the evaluation phase, traders pay a monthly fee that ranges from $150 for a $25K account to $360 for a $150K account. Once the evaluation is successfully completed, there’s a one-time $130 activation fee, and no further monthly charges apply.

Strengths and Weaknesses for U.S. Traders

Take Profit Trader offers several advantages for U.S.-based traders. Its Florida headquarters provides local support and familiarity with U.S. trading regulations. The single-step evaluation process, combined with no time limit, makes the challenge less stressful. Additionally, traders can take advantage of high-impact news trading, which adds flexibility to their strategies.

However, there are a few drawbacks. The monthly subscription fee during the evaluation phase can add up for traders who take longer to pass. The 6% profit target, while achievable, is lower than competitors offering 8% targets. Lastly, the prohibition of automated trading strategies may limit some traders’ preferred methods.

7. FundedNext Futures

On April 17, 2025, FundedNext Futures made its debut, offering U.S. futures traders a new option from its parent company headquartered in Ajman, United Arab Emirates.

Year Founded and Location

FundedNext Futures officially launched in April 2025 as part of FundedNext’s broader expansion. Operating from AFZ, Ajman, UAE, this marks the company’s entry into the U.S. futures trading space.

"When we started FundedNext, it was with the belief that prop trading could be done with fairness, speed, and transparency. Extending that vision into Futures was a natural evolution for a complete prop trading ecosystem."

• Syed Abdullah Jayed, CEO of FundedNext

Markets and Asset Classes Supported

The platform is dedicated entirely to futures contracts, covering a range of major markets, including commodities, financial instruments, and index futures. It prioritizes transparent trading conditions and dependable payouts for its users.

Platform Compatibility

FundedNext Futures integrates with widely-used futures trading platforms that are known for their speed and reliability. These platforms are essential for ensuring smooth trade execution and align with the company’s rigorous evaluation process.

Challenge Rules

The firm has established straightforward rules tailored to the needs of futures traders. These include clear profit targets and drawdown limits that are consistent with industry norms, ensuring a fair and predictable trading environment.

Withdrawal and Payout Structure

FundedNext Futures stands out by guaranteeing prompt and consistent payouts. Its payout system is designed to help traders advance in their careers, making timely withdrawals a cornerstone of its service.

Strengths and Weaknesses for U.S. Traders

One of the standout features of FundedNext Futures is its modern approach, shaped by current market dynamics and trader input. This allows the platform to offer transparent trading conditions and reliable payouts. However, as a new player in the futures market, it lacks the track record of more established competitors.

8. Lucid Trading

Lucid Trading has earned a strong reputation among U.S. futures traders, boasting a 4.8/5 rating and over $4 million in payouts to date.

Markets and Asset Classes Supported

Lucid Trading zeroes in on futures contracts, offering access to key CME products like ES, NQ, YM, CL, and GC. These cover major index futures, energy, and metals markets – essential tools for most futures traders.

"As for what you can actually trade – Lucid is a futures prop firm at heart. Think ES, NQ, YM, CL, GC… all the standard CME contracts." – Paul, Proptradingvibes.com

This singular focus simplifies trading operations and helps streamline the payout process.

Withdrawal and Payout Structure

Lucid Trading offers a trader-friendly 90/10 profit split and an impressively quick payout system. Payouts are processed through a mix of automated systems and manual verification, with an average processing time of just 15 minutes. Withdrawals can be made daily using various methods, including bank transfers, e-wallets, and cryptocurrencies, depending on the trader’s location.

Strengths and Weaknesses for U.S. Traders

Lucid Trading stands out with its fast and dependable payout system, coupled with a deep focus on the futures market. The 90/10 profit split and the ability to withdraw funds daily make it a solid choice for traders who perform consistently and value quick access to their earnings.

That said, the firm’s exclusive focus on futures contracts might not appeal to those looking to diversify into other asset classes like forex or equities. However, for traders dedicated to futures, this specialization ensures a firm that truly understands and caters to this niche.

Additionally, Lucid Trading prioritizes security with features like encryption protocols and two-factor authentication, giving U.S. traders peace of mind about the safety of their funds.

9. Phidias Propfirm

Phidias Propfirm, established by experienced French traders, brings European trading expertise to U.S. and international futures markets. This firm stands out for its specialized focus, offering a detailed suite of services tailored to futures traders.

Markets and Asset Classes Supported

Phidias Propfirm centers its offerings exclusively on futures contracts, providing traders with access to a wide array of options. Covering major U.S. exchanges like CME Group, CBOT, NYMEX, and COMEX, the firm ensures comprehensive support for futures instruments.

Available contracts include stock index futures such as ES, NQ, YM, and RTY, along with micro options for flexible position sizing. Bond market enthusiasts can trade interest rate futures like ZT, ZF, ZN, ZB, and UB.

For those interested in currency futures, Phidias offers access to contracts like 6A, 6B, 6C, 6E, and 6J. Additionally, traders can explore CME-listed cryptocurrency futures for Bitcoin and Ethereum.

The firm also supports futures in energy (CL, QM, GN, QG, HO, RB), metals (GC, SI, HG, PL, PA, MGC), and agriculture (HE, LE, GF, ZW, ZS).

Strengths and Weaknesses for U.S. Traders

Phidias’ futures-only approach is ideal for traders seeking in-depth market knowledge and advanced strategies within this niche. Its extensive coverage of major U.S. exchanges allows for the execution of diverse futures trading strategies with precision.

On the flip side, traders looking to diversify into other asset classes like forex, equities, or broader commodities markets may find Phidias’ focus restrictive. The firm’s exclusivity to futures could be a limitation for those wanting a more varied portfolio.

10. BluSky Trading

BluSky Trading provides funded futures accounts for both U.S. and international traders. The company focuses exclusively on the futures market and uses a structured evaluation process to gauge a trader’s performance and risk management skills before funding their live accounts.

Markets and Asset Classes Supported

BluSky Trading specializes in futures contracts. For a detailed list of supported markets, refer to the official guidelines provided by the firm.

Challenge Rules

Traders must pass a two-phase evaluation process, starting with an initial challenge followed by a verification stage. This system is designed to test a trader’s consistency and ability to manage risk effectively. For a full breakdown of the evaluation rules and risk parameters, consult BluSky Trading’s official documentation.

Withdrawal and Payout Structure

After completing the evaluation successfully, traders can participate in a profit-sharing model with regular payout opportunities. Specific profit splits and withdrawal requirements are outlined on the official platform, offering clarity on how traders can grow with the firm.

Strengths and Weaknesses for U.S. Traders

BluSky Trading’s focus on futures trading and its structured evaluation process provide a clear path for traders specializing in this market. However, its exclusive focus on futures might not appeal to those looking for a broader range of asset classes. Interested traders should thoroughly review the firm’s terms and evaluation criteria on the official website to ensure it aligns with their trading goals and risk preferences.

1. FundingPips

FundingPips provides multi-asset funded accounts to traders around the world but explicitly excludes clients from the U.S.

Year Founded and Location

Established in 2022, FundingPips is headquartered in Dubai, United Arab Emirates. The company is part of the UAE’s thriving fintech scene.

Markets and Asset Classes Supported

FundingPips offers access to over 100 tradable instruments spread across five major asset classes. Traders can engage in Forex markets, including major, minor, and exotic currency pairs, with leverage up to 1:100. Additionally, the platform supports trading indices like US30, NAS100, SPX500, GER40, and UK100. Commodities such as crude oil, natural gas, and precious metals are also available, alongside cryptocurrency pairs like BTC/USD and ETH/USD. However, the firm does not facilitate trading in futures, stocks, ETFs, bonds, or options.

Platform Compatibility

FundingPips has made notable changes to its platform lineup since its launch. Initially partnered with Blackbull Markets, the company ended this collaboration following MetaQuotes’ tightened licensing requirements for firms serving U.S. traders. Currently, FundingPips operates on platforms like Match-Trader, cTrader, and TradeLocker, signaling its complete shift away from the U.S. market.

Strengths and Weaknesses for U.S. Traders

The platform’s explicit ban on U.S. clients makes it entirely inaccessible to traders based in the U.S. As of 2025, FundingPips also restricts access to users from countries like Iran, Israel, and Vietnam.

While international traders might find its broad range of instruments and multi-asset offerings attractive, these features hold no relevance for U.S. traders due to the strict restrictions in place.

2. FundedNext

FundedNext is a prop trading firm that provides funding options for forex and futures traders globally, including those based in the United States.

Year Founded and Location

Established in 2021, FundedNext operates out of Dubai, United Arab Emirates. Despite its Dubai base, its policies are designed to accommodate U.S. traders, making it a standout option for American clients.

Markets and Asset Classes Supported

FundedNext offers access to a broad range of markets, including:

• Over 70 forex pairs
• Major indices like the S&P 500, NASDAQ 100, Dow Jones 30, FTSE 100, and DAX 40
• Commodities
• Cryptocurrencies such as BTC/USD and ETH/USD
• E-mini futures contracts on indices and commodities

This diverse selection caters to various trading strategies and preferences.

Platform Compatibility

To suit different trading styles, FundedNext supports several trading platforms:

• MetaTrader 4 (MT4) and MetaTrader 5 (MT5): Ideal for forex and CFD trading, offering advanced charting tools and automated trading options.
• Rithmic and Tradovate: Designed for futures trading, these platforms provide direct market access with low-latency execution.
• cTrader: Known for its intuitive interface and advanced order management features, cTrader is an excellent option for traders seeking precision.

This wide platform support ensures traders can work with tools they’re most comfortable using.

Challenge Rules

FundedNext employs a two-phase evaluation process with clear risk parameters: a maximum daily loss of 5% and an overall maximum loss of 10%.

• Phase 1: Achieve an 8% profit target within 30 calendar days.
• Phase 2: Meet a 5% profit target within 60 calendar days.
• One-step option: Hit a 10% profit target within 30 days.

Each phase requires at least 5 trading days, and positions must be held for a minimum of 5 minutes to qualify as valid trades.

Withdrawal and Payout Structure

FundedNext offers an attractive 80/20 profit split, which increases to 90/10 after the first withdrawal. Traders can withdraw profits bi-weekly, with the first withdrawal available after 14 days of funded trading. The minimum withdrawal amount is just $50, and payments can be processed via bank transfers, cryptocurrency, or digital payment platforms.

Account sizes range from $6,000 to $200,000, with the opportunity to scale up to $4 million through the firm’s progression program. This provides U.S. traders with access to significant trading capital.

Strengths and Weaknesses for U.S. Traders

FundedNext’s openness to U.S. traders is a major plus, as the firm ensures clear communication about compliance without imposing extra restrictions. The flexible evaluation options – including both one-step and two-step challenges – allow traders to choose a path that aligns with their trading style. Additionally, the competitive profit splits and scaling opportunities make it an appealing choice for those aiming to grow their trading careers.

However, there are some limitations to be aware of:

• Positions must be closed 2 minutes before and after high-impact news releases.
• Weekend holding is restricted, requiring all positions to be closed before markets close on Fridays.
• The 30-day time limit in Phase 1 may pose challenges for swing traders, though the 60-day Phase 2 offers more leeway for longer-term strategies.

Overall, FundedNext provides a well-rounded option for U.S. traders looking for a prop firm with diverse market access and trader-friendly policies.

3. FTMO

FTMO is a well-known proprietary trading firm that provides funding opportunities for forex and multi-asset traders. For U.S.-based traders navigating a unique regulatory landscape, FTMO offers a specialized solution: a simulated trading environment. This approach makes FTMO a standout option for U.S. traders seeking flexibility within regulatory constraints.

Year Founded and Location

FTMO was founded in 2015 and is headquartered in Prague, Czech Republic. Despite its European roots, the firm has fine-tuned its offerings to align with U.S. regulations. Its years of experience in the market have allowed FTMO to develop solutions tailored to the needs of U.S. traders.

Markets and Asset Classes Supported

Through its affiliate platform at ftmo.oanda.com, FTMO provides U.S. traders with a "simulated account type US." This account allows trading with simulated assets, offering an alternative to direct exposure in live markets.

Strengths and Weaknesses for U.S. Traders

One of FTMO’s biggest advantages for U.S. traders is its regulatory-compliant simulated trading program. The FTMO US account offers flexibility, permitting traders to engage in simulated trades during news releases and hold positions overnight or over weekends. However, simulated futures contracts are excluded from this flexibility. On the downside, the simulated environment lacks the real-time dynamics and pressures of live market conditions, which could be a limitation for traders seeking a more authentic trading experience.

4. The5%ers

The5%ers has positioned itself as a solid choice among futures and forex firms, now opening its doors to U.S. traders. With a variety of challenge programs tailored to different trading styles, it offers flexibility and options for traders at all levels.

Year Founded and Location

The5%ers was established in 2015 and is headquartered in Ra’anana, Israel. The company also operates a UK office in London.

Markets and Asset Classes Supported

The5%ers gives traders access to over 3,000 instruments, including Forex, Metals, Commodities, Indices, and Cryptocurrencies. As of September 18, 2025, U.S. traders can also join their funding programs. For American clients, The5%ers uses the cTrader platform since MT5 is not available in the U.S. Although direct stock trading isn’t offered, its subsidiary, Trade The Pool, provides access to over 12,000 U.S. stocks. This extensive lineup ensures traders have plenty of options to explore.

Challenge Rules

The5%ers offers three challenge programs, each with unlimited trading days, giving traders the flexibility to complete evaluations at their own pace.

• Bootcamp Challenge: Traders must complete three stages, with a 2% risk limit per trade. Accounts are terminated after five stop-loss breaches.
• Hyper Growth Challenge: This single-phase challenge allows traders to pass as soon as they hit the profit target, with no minimum trading days required.
• High Stakes Challenge: Split into two phases, this challenge requires at least three profitable trading days in each phase.

Each program has specific fee structures and payout terms that traders should carefully evaluate before choosing.

Withdrawal and Payout Structure

Challenge fees vary depending on the program:

• Bootcamp Challenge: Fees range from $95 for a $20,000 account to $350 for a $250,000 account. After passing all stages, traders pay final fees between $205 and $500.
• High Stakes Challenge: Fees start at $39 for a $5,000 account and go up to $545 for a $100,000 account.
• Hyper Growth Challenge: Fees fall between $260 for a $10,000 account and $850 for a $40,000 account.

Strengths and Weaknesses for U.S. Traders

For U.S. traders, The5%ers’ decision to expand into the American market is a major plus. Its wide range of tradable assets and flexible challenge formats, along with unlimited trading days, allows traders to refine their strategies without pressure. The leverage options, ranging from 1:10 to 1:100, cater to a variety of trading styles and risk appetites.

On the downside, U.S. traders who are accustomed to MetaTrader may need time to adjust to the cTrader platform. Additionally, certain strategies, like high-frequency trading, news trading around major events, copy trading, hedging, and arbitrage, are prohibited. These restrictions are in line with those found at other U.S.-accessible prop firms. Another limitation is that accounts become inactive after 30 consecutive days without trading.

5. Maven

Founded in 2022 and based in Vancouver, Canada, Maven Trading operates under the registered name Mavsoftware LTD, with its legal address in London, England. This relatively new proprietary trading firm is part of the growing wave of companies offering traders unique opportunities to prove their skills and access funded accounts.

Markets and Asset Classes Supported

Maven Trading opens the door to a variety of markets, with a primary focus on forex trading. Traders can explore major, minor, and exotic currency pairs. Beyond forex, the firm also supports trading in indices, commodities, and select cryptocurrency pairs, giving traders the flexibility to diversify their strategies across multiple asset classes.

Platform Compatibility

The firm uses MetaTrader 5 (MT5), a platform known for its advanced charting tools, automated trading features, and efficient order execution. MT5 serves as the backbone for Maven’s evaluation process and funded trading accounts, providing a solid infrastructure for both beginner and experienced traders.

Challenge Rules

Maven follows a two-phase evaluation system to assess a trader’s consistency and risk management abilities. In Phase 1, traders must hit an 8% profit target, while Phase 2 lowers the target to 5%. Both phases enforce a daily loss limit of 5% and a maximum overall drawdown of 10%. Traders are required to trade for at least five days in each phase, but there’s no time limit to complete the evaluation, offering a stress-free timeline.

Withdrawal and Payout Structure

Once traders pass the evaluation and are funded, Maven offers an 80% profit split, which can increase to 90% as traders hit performance milestones. Payouts are processed every two weeks, and the first withdrawal becomes available after 14 days of funded trading. Account sizes range from $10,000 to $200,000, with opportunities to scale up for those who demonstrate consistent performance.

Strengths and Weaknesses for U.S. Traders

With its Canadian base and UK registration, Maven provides a level of clarity and accessibility for traders in North America. The lack of a time limit during the evaluation process is a standout feature, reducing pressure for participants. The competitive profit splits and scaling options further enhance its appeal. On the downside, Maven’s recent entry into the market means it has a shorter track record compared to more established firms. Additionally, its exclusive use of MT5 may not suit traders who prefer other platforms.

6. FXify

FXify is a prop trading firm that welcomes U.S. traders, offering a dedicated "USA" regional option. This feature emphasizes its focus on the American market and highlights payouts specifically for U.S. participants.

Markets and Asset Classes Supported

FXify provides an extensive trading environment with over 300 tradable symbols. It covers a variety of asset classes, including:

• Forex: Major, minor, and exotic currency pairs.
• Futures and Indices: Stock indices and futures contracts.
• Precious Metals: Gold and silver.
• Commodities: Oil and other key commodities.
• Cryptocurrency CFDs: Access to digital assets.
• Individual Stocks: A selection of equities.

This broad range of options gives traders the flexibility to explore multiple markets and diversify their strategies.

Strengths and Weaknesses for U.S. Traders

FXify stands out for its asset variety and leverage options, making it appealing to traders aiming for broad market exposure. The leverage structure includes:

• 30:1 for forex and gold (adjustable up to 50:1).
• 10:1 for indices.
• 5:1 for oil.
• 2:1 for stocks and cryptocurrency.

With such a wide selection of assets and tailored leverage rates, FXify offers U.S. traders the tools they need to implement diverse and dynamic trading strategies.

7. Blueberry Funded

Blueberry Funded is off-limits to U.S. traders due to strict regulatory and compliance rules. This restriction makes it an unsuitable option for anyone trading from the U.S.

Strengths and Weaknesses for U.S. Traders

For U.S. traders, the biggest drawback is clear: Blueberry Funded isn’t an option at all. Regardless of your trading expertise, capital needs, or strategy, participation is entirely prohibited. This situation reflects the broader difficulties many international proprietary trading firms face when trying to navigate U.S. regulations.

If you’re a U.S.-based trader, your best bet is to explore firms that openly accept American traders and adhere to U.S. regulatory standards.

8. Goat Funded Trader

Goat Funded Trader stands out by offering four distinct challenge options, catering to a variety of trading styles and experience levels. This variety makes it an appealing choice for U.S. traders who prefer flexible evaluation models.

Challenge Rules

Goat Funded Trader provides several evaluation pathways, ranging from traditional multi-step challenges to an Instant Funding option. Here’s a breakdown of their challenge structure:

Daily drawdown includes both closed and floating losses and is calculated based on the starting balance. This means traders need to carefully monitor their positions to stay within limits. These evaluations are supported by reliable trading platforms.

Platform Compatibility

Goat Funded Trader supports trading on MetaTrader 4 and MetaTrader 5, two widely-used platforms among forex and multi-asset traders. The use of Expert Advisors (EAs) is allowed, though specific restrictions apply. For example, high-frequency trading strategies and Gold Arbitrage EAs are not permitted.

Withdrawal and Payout Structure

The firm’s payout structure varies depending on the chosen challenge. The Instant Funding option skips the traditional evaluation process but comes with stricter daily drawdown limits – set at 3% instead of the 4% allowed in multi-step plans.

Strengths and Weaknesses for U.S. Traders

One of Goat Funded Trader’s strengths is its range of challenge options, including models with "no minimum targets, no time limits". This approach can be advantageous for traders who prefer a less pressured evaluation process.

On the flip side, the firm imposes strict trading rules. For example, profits from news trading are capped at 1% for trades executed around high-impact news events. Additionally, hedging across or within accounts is prohibited, and traders cannot use more than 80% of their margin on a single trade. While EAs are allowed, the firm maintains tight oversight on automated strategies, particularly banning high-frequency trading methods.

9. E8 Markets

E8 Markets, established in 2021, is a prop trading firm headquartered in Dallas, Texas. With an additional office in Prague, Czech Republic, the company strategically operates across both American and European markets, offering a global reach.

10. City Traders Imperium

City Traders Imperium (CTI) offers a funding solution tailored for traders who value speed and adaptability. With flexible funding options and scalable profit-sharing terms, it’s an appealing choice for U.S. traders looking to maximize their potential.

Markets and Asset Classes Supported

CTI focuses on forex and multi-asset trading, giving traders access to a wide range of markets, including major currency pairs, commodities, indices, and cryptocurrencies. This variety suits those looking for diverse opportunities across different asset classes.

Platform Compatibility

Traders can execute their strategies on the popular MetaTrader 4 and MetaTrader 5 platforms. These platforms integrate seamlessly with CTI’s funding programs, ensuring a smooth experience for traders using familiar tools.

Challenge Rules

CTI provides three distinct funding options, each with its own set of requirements:

• Instant Funding: Traders get immediate access to starting capital of $40,000, with a 50% profit split that increases to 100% after reaching a 10% profit target.
• 1-Step Challenge: A single-phase evaluation that begins with an 80% profit split, scaling up to 100% upon meeting the criteria.
• 2-Step Challenge: A traditional two-phase evaluation, also starting with an 80% profit split and scaling to 100% once conditions are met.

Withdrawal and Payout Structure

CTI’s payout system operates in two stages. First, funds are transferred to the Dashboard Wallet within 2 business days. Then, withdrawals are processed within an additional business day.

The profit split and payout structure are outlined below:

CTI also offers a "Refund First" policy to safeguard first-time withdrawals. According to their help center:

"You can request your 1st payout on Demand anytime once you have: At least 5 profitable trading days. A Minimum of 2% net profit or $100 (whichever is higher)."

For consistent traders, the CTI VIP Program provides additional perks. Bronze Level traders earn a 90% profit share with weekly payouts, while Silver Level traders enjoy a 100% profit share and on-demand withdrawals. As CTI puts it:

"Once you reach Silver Level, you can withdraw whenever you want."

Strengths and Weaknesses for U.S. Traders

Strengths:

• Scaling potential of up to $2 million per account (or $4 million total), ideal for traders with big ambitions.
• Multiple funding options, from instant access to structured evaluations, catering to various trading styles.
• Affordable entry fees, starting at just $29 for smaller challenge accounts.
• The "Refund First" policy ensures initial payments made via credit or debit cards are refunded to the original card before any remaining funds are transferred.

Weaknesses:

• The initial 50% profit split for instant funding may not be appealing to all traders.
• Payout schedules, which are bi-weekly for instant funding and monthly for challenge programs, require careful planning.
• A $100 minimum withdrawal requirement and specific cut-off times (15:00 GMT on weekdays) may pose logistical challenges for U.S. traders.

With its range of funding models and trader-friendly policies, CTI provides another competitive option for U.S. traders exploring top proprietary trading firms.

Comparison Table

When evaluating prop firms, it’s essential to consider factors like trading style, market focus, and platform compatibility. As mentioned earlier, rule clarity, payout reliability, and platform support play a critical role in making an informed choice.

Futures vs. Forex Prop Firms: Market Focus and Platform Needs

Futures prop firms typically concentrate on futures contracts, offering access to specialized platforms tailored for trading instruments like commodity futures, indices, and interest rate products. On the other hand, forex and multi-asset firms cater to traders dealing with currency pairs, commodities, indices, and sometimes cryptocurrencies. These firms often rely on retail trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These distinctions are key when aligning a firm’s offerings with your trading strategy.

Challenge Structures and Evaluation Criteria

Prop firm challenges are designed to test a trader’s ability to manage capital while adhering to specific rules. Futures challenges often include fixed profit targets and loss limits, whereas forex challenges tend to use percentage-based targets. For instance, many forex firms set profit targets between 8% and 10% during the initial evaluation phase.

Payout Terms and Profit-Sharing Arrangements

Payout schedules and profit-sharing models vary significantly. Futures firms often provide quicker payout cycles and may offer improved terms as traders demonstrate consistent success. Forex firms, however, typically follow different payout timelines, with profit-sharing models that evolve as traders advance through challenge stages. Reviewing payout structures and understanding regulatory considerations can help narrow down your options.

Accessibility for U.S. Traders and Regulatory Factors

Futures firms generally operate under strict regulatory guidelines, making them more accessible to U.S.-based traders. Forex firms, however, differ in their levels of accessibility for U.S. traders. Before committing to any firm, it’s important to confirm their current acceptance policies and regulatory status.

Cost and Account Size Options

Futures challenges usually come with fixed fees and standardized account sizes. In contrast, forex challenges often provide a range of account size options and more flexible fee structures. Traders should carefully examine each firm’s terms to find the best fit for their budget and experience.

Technology and Execution Reliability

Both futures and forex trading demand reliable technology. Futures trading often requires low-latency platforms, with many traders relying on VPS hosting for optimal performance. Forex trading benefits from stable connectivity on platforms like MT4 and MT5. Ensuring the right technological setup can significantly impact trading efficiency.

These core differences highlight why many professional traders choose to specialize in either futures or forex rather than attempting to master both simultaneously.

Conclusion

As you navigate the world of prop trading in 2025, it’s vital to align your choice of firm with your trading style, market preferences, and platform requirements. For futures traders, firms like My Funded Futures, FundingTicks, and Apex Trader Funding stand out. These companies provide direct market access through specialized platforms like Rithmic and Tradovate, catering specifically to U.S.-based traders with streamlined evaluations and quicker payout cycles.

Forex and multi-asset traders might find platforms like FundedNext and FTMO appealing, though accessibility for U.S. traders can differ between firms. These platforms typically support popular retail trading tools such as MT4 and MT5, making them a go-to for many forex traders.

When selecting a firm, prioritize clear rules, dependable payouts, and strong platform support. Futures firms often simplify evaluations with fixed profit targets, while forex firms may use percentage-based targets during initial stages. Pay close attention to maximum drawdown limits – these vary widely and should match your risk tolerance. To enhance your trading performance, pair these considerations with a reliable technology setup.

Technology infrastructure is a cornerstone of trading success, especially for futures trading where execution speed is critical. Many traders rely on low-latency VPS hosting to gain an edge. For instance, QuantVPS offers ultra-low latency (0–1ms) and 100% uptime, ensuring seamless execution. Plans start at $41.99 per month (annual), while the VPS Pro plan at $69.99 per month includes 6 cores, 16GB RAM, and dual-monitor support – perfect for managing multiple charts and strategies. This setup works well for both futures and forex traders, helping you execute trades with maximum efficiency.

Before committing to any firm, confirm their U.S. acceptance policies and regulatory compliance, as these can shift over time. Testing the waters with a smaller account size can also help you evaluate payout reliability and customer support. Remember, consistent profitability in a funded account relies not just on trading skill but also on having the right tools and infrastructure to execute your strategy effectively.

Take the leap with a prop firm that complements your trading approach, and consider upgrading your technology with a dedicated VPS to put yourself in the best position for success in the funded trading world.

FAQs

What should U.S. traders look for when choosing a prop firm for futures trading?

When choosing a prop firm for futures trading in the U.S., there are a few critical things to keep in mind. Start by examining the evaluation or challenge rules. Look closely at details like profit targets, maximum drawdowns, and any time limits for trading. These should align with how you trade to avoid unnecessary friction.

Next, take a look at platform compatibility. Does the firm support the platforms you prefer, such as Rithmic or Tradovate? Having access to tools you’re comfortable with can make a big difference in your trading experience.

You’ll also want to review the firm’s payout structure. Check how profit splits are handled and how often payouts are processed. Reliable and timely withdrawals are essential for maintaining trust and financial stability.

Finally, ensure the firm is U.S.-friendly. This means they should accept U.S.-based traders and adhere to any applicable regulatory standards. Keeping these factors in mind will help you choose a prop firm that fits your trading style and goals.

What are the differences in evaluation processes among the top U.S. futures prop firms?

Evaluation methods among leading U.S. futures prop firms in 2025 showcase a range of structures, rules, and approaches. Firms like My Funded Futures and Apex Trader Funding often implement multi-step challenges. These typically require traders to hit specific profit targets while adhering to strict drawdown limits. To add another layer of rigor, these evaluations also include time constraints and progressive stages, ensuring traders demonstrate consistent performance.

On the other hand, firms such as Tradeify prioritize simplicity and transparency. They set realistic profit goals and streamline the process, which allows traders to move through the evaluation more quickly. Some companies are also embracing newer methods, such as AI-driven evaluations or customizable challenge durations, to cater to a wider variety of trading strategies. Despite these differences, the ultimate objective remains the same: proving the ability to generate profits while managing risk effectively. Each firm’s unique approach reflects its effort to attract traders with varying preferences and styles.

What are the pros and cons of taking a proprietary trading firm’s evaluation challenge?

Participating in a proprietary trading firm’s evaluation challenge comes with several perks. For starters, it gives you access to a funded trading account, meaning you can trade using the firm’s capital instead of your own. This setup allows you to potentially earn profits without exposing your personal funds to risk. On top of that, it’s an excellent opportunity to demonstrate your trading abilities and establish a professional track record.

That said, it’s not without its challenges. Many of these evaluations come with strict rules and profit targets that must be achieved within a specific timeframe. Missing these benchmarks can lead to disqualification and the forfeiture of any fees you’ve paid to join the challenge. The time pressure can also create a high-stress environment, which might push some traders toward emotional decisions – often a recipe for costly mistakes.

To improve your chances of success, it’s crucial to thoroughly understand the challenge’s rules, maintain disciplined trading habits, and prioritize effective risk management. This strategy can help you make the most of the experience while keeping potential pitfalls in check.

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