Best Prop Firms in the United States

What Are Prop Trading Firms?

A proprietary trading firm (prop firm) allows traders to access company funds to trade financial markets like forex, stocks, futures, and cryptocurrencies. Unlike retail trading, where you trade with your own money, prop firms fund you after you pass an evaluation. In return, they share a portion of your profits—usually around 70%-90%. For new traders or experienced ones looking for higher capital, prop trading firms provide a great opportunity to scale their trading journey while minimizing personal financial risk.

How to Choose the Right Prop Trading Firm

Choosing the right proprietary trading firm requires careful consideration of several important factors. With many firms offering different options, how should a trader decide? Whether you’re an experienced trader wanting to grow your strategies or a beginner looking for more capital, the firm you choose should match your goals and trading style.

• Profit Split

  This is the percentage of your profits that the firm allows you to keep. The profit sharing offered by a firm is an important factor. Traders want a fair split of the profits for their work. Most firms set a profit target and divide earnings between the firm and the trader, but the percentages can vary. It’s important to understand these terms before joining, as they affect your earnings. Also, look into opportunities for growth, like the chance to trade with more capital if you keep making profits. This is key for traders looking to expand their strategies.

• Funding Capital

  Many traders choose prop firms for access to large trading capital. It’s important to check if the firm can provide enough capital for your strategies. Some firms offer higher leverage, letting you take bigger positions with less risk. Make sure the firm’s funding matches your needs, as it can greatly impact your trading success.

• Evaluation Fees

  Clear and upfront fees are very important when choosing a prop trading firm. There should be no hidden charges. Understand the fees for each trade, any platform or software costs, and any other fees for using the firm’s services. A firm with honest and fair fees shows respect for traders and runs its business fairly. Make sure the cost of getting the funding you want fits your budget.

• Trading Platforms and Tools

  Check if the firm’s trading platform meets your needs. The platform should be easy to use and have the features you need to carry out your strategies successfully. Some firms have their own software, while others use popular platforms like Meta Trader 4, Meta Trader 5, C Trader, or Web Analyzer. Make sure the platform fits your trading style.

• Training and Support

  For beginners, firms with educational resources, mentorship programs, or live training sessions are highly beneficial. Good customer support can improve your trading experience. The firm should encourage traders to share ideas and learn from each other. It’s also important to have quick and helpful support for any technical or trading questions. Great support can help create a sense of community and boost your motivation. Choose prop firms with excellent customer service and easy ways to contact them.

• Reputation and Transparency

  The reputation of a prop trading firm is very important. A well-known firm usually has a lot of experience and is stable and reliable. Before choosing a firm, check reviews from other traders and look into any past problems or complaints. Picking a firm with a good reputation can improve your trading experience.

Why Consider Prop Firms in the U.S.?

The United States has some of the top prop trading firms in the world, thanks to its regulated markets and advanced trading tools. Many U.S. firms offer great training, good profit splits, and funding options that attract traders from around the globe. If you’re looking for the best options, we’ve put together a guide to help you pick a prop firm that matches your trading goals.

Best Prop Firms in the United States

Choosing the best prop firm in the United States depends on your trading style, goals, and the type of assets you trade, such as forex, stocks, futures, or cryptocurrencies. To help you navigate the options, we’ve highlighted firms known for their transparency, competitive profit splits, and excellent resources for traders of all skill levels.

E8 Markets

E8 Markets has gained global popularity due to its flexibility and generous profit-sharing model. It’s one of the best prop firms choice for traders in the United States who specialize in forex and want access to large accounts without risking personal funds. E8 Markets, the Forex prop firm alternative that offers simulated trading, customized evaluations, and rewards for traders skills.

Key Features:

• Up to 100% profit split for successful traders.
• Funding capital up to $400,000 after passing the evaluation.
• Access to multiple trading platforms like MetaTrader 4/5 and cTrader.
• Beginner-friendly evaluation with a focus on risk management.

Maverick Trading

Maverick Trading is a great choice for traders who prefer flexibility, allowing them to work remotely while managing firm capital. It is best for options and forex traders. Initial membership fee required, depending on the program.

Key Features:

• Focuses on long-term trader development.
• Remote trading opportunities.
• Flexible funding options and risk management training.

Topstep

Topstep is well-known for its beginner-friendly environment, offering low-cost evaluations and educational resources. It’s an ideal starting point for traders who are new to futures markets. It is best for futures traders. They have a monthly subscription starting at $165

Key Features:

• Funding opportunities after passing a two-step evaluation process.
• Profit split: 80%-90%.
• Training programs for risk management and trading psychology.
• Focused on futures trading, with platforms like NinjaTrader and Tradovate.

SMB Capital

SMB Capital is one of the few U.S.-based firms that emphasize education and skill-building. If you’re serious about trading as a career, SMB provides unmatched mentorship opportunities. It is best for advanced stock and options traders. No evaluation fees, but traders typically start with in-house training programs.

Key Features:

• Based in New York, with a focus on stocks, options, and intraday trading.
• Offers in-house mentorship from experienced traders.
• Access to advanced trading tools and strategies.

T3 Trading Group

T3 Trading Group’s SEC registration makes it one of the safest options for equity traders. It is best for equity day traders. No upfront fees but requires a deposit for risk coverage

Key Features:

• An SEC-registered broker-dealer, ensuring regulatory compliance.
• Access to cutting-edge technology and trading tools.
• Focus on equities and short-term strategies.

Pros and Cons of Prop Trading Firms

Here are the pros and cons of these prop trading firms.

Pros:

• Access to Capital

  Trade large accounts without risking your money.

• Profit Potential

  Earn up to 90% of profits.

• Educational Resources

  Many firms offer training and mentorship.

• Flexibility

  Most firms allow remote trading from anywhere.

Cons:

• Evaluation Costs

  Initial fees may be high for some firms.

• Strict Rules

  Firms may have loss limits or required performance targets.

• Profit Sharing

  You don’t keep 100% of your earnings.

Frequently Asked Questions (FAQs)

1. What is the best prop trading firm for beginners?

For beginners, Topstep and FTMO are the most recommended. They have beginner-friendly evaluation processes, risk management tools, and educational content.

2. Are prop trading firms worth it?

Yes! Prop firms allow skilled traders to scale their operations without risking personal funds. However, success depends on your trading skills and discipline.

3. Can I lose money with a prop firm?

While you’re not trading your own money, you could lose your evaluation fee or deposit if you fail to meet the firm’s requirements.

4. How much can I earn with a prop firm?

Your earnings depend on your performance, account size, and profit split. 

5. Do U.S. prop firms allow remote trading?

Yes, most U.S. firms, such as Maverick Trading and FTMO, allow remote trading.