Proprietary Trading Firms USA | Proprietary Trading Reviews Firms In USA (2024)

Best Forex Proprietary Trading Firms In The US

Do you know that successful US prop traders can make $200k+ annually by trading with top Prop trading firms in the USA?

Prop trading was restricted to Ivy league traders for a long time, but now the tables have turned. A ton of Forex prop trading firms are willing to fund any skilled trader who is capable enough of managing their capital effectively. But with many proprietary trading firms, Forex traders often find it difficult to pick the right one among the lot. The issues of false information, lack of transparency, hidden charges, etc., are plaguing this space.

The solution? Prop trading reviews firms in the USA! By using the detailed comparisons done on proprietary trading review firms, Forex traders can filter the lousy proprietary trading firms in the USA from the ones that actually add value to your trading career.

MyForexReviews is one of the top prop trading review firms in the USA, with a detailed list of top picks along with the pros and cons involved with each of these proprietary trading firms.

To make sure you pick the right one among many Forex proprietary trading firms, use MyForexReviews (one of the top Proprietary trading review firms in the USA) recommendations and make the most out of your Forex trading journey!

Surge Trader

Surge Trader is a relatively new US-based proprietary fund offering its clients many trading instruments. It is a global proprietary trading firm, so you do not need to be in the US to trade with them. This firm operates two platforms: Eightcap MT4 and Eightcap MT5. These platforms contain different analytical tools and easy-to-use features in their dashboard.

Checklist Overview

• Headquarters: Florida, USA
• Website: https://www.surgetrader.com/
• Launching period: 2021
• Trading Instruments: Forex, equities, major stock market indices, oil, metals, cryptos
• Profit Sharing: 75%
• Registration Fee for Qualification Challenge: $250 – $6,500 (Non-refundable)
• Profit target for Qualification Challenge: 10%
• Risk limits: 4% daily loss limit, 5% max drawdown, news trading allowed, overnight positions allowed, and no weekend positions allowed.
• Trading capital range: $25,000 – $1 million
• Education: There is a blog with educational content for new traders along with a membership option with BK Forex, where new traders can learn from popular trading experts — Boris Schlossberg and Kathy Lien.
• Remote Trading: Allowed
• Reviews: 4.4 reviews on TrustPilot (out of 5)

Image Source – TrustPilot | SurgeTrader

E8 Funding

E8 Funding is another US-based proprietary firm that offers to fund Forex and CFD traders around the globe. It contains accounts of different features and welcomes both beginner and professional forex traders. The firm allows trading via the MT4 platform. This firm allows using up to 1:100 leverage depending on account size, so it may be more suitable for aggressive traders.

Checklist Overview

• Headquarters: Dallas, TX, USA.
• Website: https://e8funding.com/
• Launching period: 2021
• Trading Instruments: Forex, indices, commodities, metals, cryptos
• Profit Sharing: 90%
• Registration Fee for Qualification Challenge: $228 – $988 (Refundable)
• Profit target for Qualification Challenge: 8% in phase 1 in 30 days, 5% in phase 2 in 60 days
• Risk limits: 5% daily loss limit, 8% max drawdown from initial deposit, news trading allowed, overnight positions allowed, weekend positions allowed.
• Trading capital: $25,000-$1,000,000
• Education: None
• Remote Trading: Allowed
• Reviews: 4.8 reviews on Trustpilot (out of 5)

Image Source – TrustPilot | e8funding

TopTier Trader

TopTierTrader is another US-based proprietary firm that allows trading with no contributions initially from forex traders. It supports payments from many platforms and offers various free coaching and training programs to improve the trading skills of individual traders. Moreover, this firm has become popular as it allows holding overnight positions and enables news trading.

Checklist Overview

• Headquarters: Dover, USA.
• Website: https://toptiertrader.com/
• Launching period: 2021
• Trading Instruments: Forex, indices, commodities, cryptos
• Profit Sharing: 80%
• Registration Fee for Qualification Challenge: $255 – $999 (Refundable)
• Profit target for Qualification Challenge: 10% in phase 1 in 30 days, 5% in phase 2 in 60 days
• Risk limits: 5% daily loss limit, 10% max drawdown, news trading allowed, overnight positions allowed, weekend positions allowed.
• Trading capital: $25,000-$300,000+
• Education: None (Community Support via Discord available)
• Remote Trading: Allowed
• Reviews: 4.9 reviews on Trustpilot (out of 5)

Image Source – TrustPilot | TopTier Trader

Worth Mentioning – MyForexFunds

Among many other prop funds, MyForexFunds is a remarkable prop fund that allows traders who can show consistently good performance to access or trade with up to $2 million and split the profit. The rules of trading, qualifying, profit sharing, etc., are similar to other leading Prop funds like FTMO. This firm operates with approx. 80,000 traders around the world from 150 different countries. MyForexFund offers three different programs for its users by focusing on the experience level of the trader: Rapid, Evaluation, and Accelerated. They allow overnight and weekend holding positions.

Although they are not based in the US, they are a global firm that accepts US traders.

Checklist Overview

• Headquarters: Toronto, Canada
• Website: https://myforexfunds.com/
• Launching period: 2020
• Trading Instruments: Forex, cryptocurrencies, metal, and indices
• Profit Sharing: Up to 85%
• Registration Fee for Qualification Challenge: $99 – $2,450
• Profit target for Qualification Challenge: profit target for Phase 1 is 8%. The profit target for Phase 2 is 5%. For Phase 3 (Live account), there is no profit target or minimum to withdraw.
• Refund Rules: Refunds up to 112% of registration fees
• Risk limits: 0 – 5% daily drawdown, 2- 12% overall monthly drawdown
• Trading capital: $10,000 to $200,000
• Education: Yes
• Remote Trading: Allowed
• Reviews: 4.9 reviews on Trustpilot (out of 5)
• Leverage: 1:500 for Rapid accounts, 1:100 for Evaluation accounts, 1:50 for Accelerated Conventional accounts, and 1:100 for Emphatic accounts.

Image Source – Trust Pilot | MyForexFunds

Bottom Line

These are the top three proprietary firms for forex trading that operate in the United States but are accessible by global traders as well as users from US regions. Traders should focus on their checklists and key criteria before opting for the best prop trading firm for them.