Best Prop Firms for US Traders
US-based traders face an awkward split: most futures prop firms are US-domiciled and accept US traders without restriction, while most forex prop firms are offshore and either restrict US access entirely or operate via a US subsidiary.
The futures side of the industry is structurally friendly to US traders because the major firms (Apex, Topstep, My Funded Futures, TradeDay, Bulenox, Take Profit Trader) all operate inside US regulations and route to US-regulated brokers like Tradovate and Rithmic. The forex picture is harder — FTMO operates via FTMO US, FundedNext and FXIFY accept US traders on most products, and the rest exclude. Always verify on the firm signup flow.
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Frequently asked questions
Why do most forex prop firms exclude US traders?
Because US dealer-broker regulations require firms operating in the US to register as broker-dealers, which is an expensive and slow process most offshore prop firms do not pursue.
Is FTMO US the same as FTMO?
It is a regulated US entity that mirrors the global FTMO product. Pricing, profit split and rules are aligned with the parent product, with execution routed via OANDA after the December 2025 acquisition.
Can I use a VPN to access prop firms that block US traders?
No — almost every firm enforces KYC at payout time, and a VPN at signup followed by a US passport at payout will result in a forfeited account. Use only firms that accept US traders openly.