The field of proprietary trading in the US is dynamic, with firms coming and going, posing a significant question for American traders: Where can they find a dependable prop trading partner? This detailed guide explores the top 6 prop trading firms currently open to US clients. We’ll delve into their distinct features, highlighting how they cater to diverse trading preferences and goals.
Top US Prop Firms in 2024
Apex Trader Funding
Established in 2008, Apex Trader Funding has established itself as a trusted option for traders at all skill levels. They are known for their flexible account sizes, accommodating everyone from novice traders with $25,000 accounts to seasoned professionals with $300,000 accounts. Apex Trader Funding stands out with their generous profit splits, allowing traders to retain 100% of their initial $25,000 in profits. They support multiple trading platforms including Rithmic, Tradovate, Ninjatrader, and Tradingview, giving traders the freedom to choose their preferred trading environment.
Key Highlights:
- Flexible account sizes from $25,000 to $300,000
- Generous profit splits with traders keeping 100% of their first $25,000 in profits
- Support for multiple platforms: Rithmic, Tradovate, Ninjatrader, and Tradingview
Topstep
Topstep Founded in 2012, Topstep has earned a reputation as one of the top prop trading firms in the US. Their sophisticated platform offers advanced analytics to help traders analyze performance and refine strategies. Topstep’s profit targets are tiered based on account size, ensuring goals are attainable for all traders. They support over 13 trading platforms and provide daily payouts of 50% of the account balance, emphasizing their commitment to trader success. However, they do impose a contract limit of 5 for a 50K account, which may influence some traders’ decisions.
Key Highlights:
- Advanced analytics and performance tracking tools
- Tiered profit targets aligned with account sizes
- Support for over 13 trading platforms
- Daily payouts of 50% of the account balance
Darwinexzero
Darwinexzero For those seeking innovation in prop trading, Darwinexzero (established in 2012) offers a distinctive approach. As a regulated broker and asset manager, they depart from traditional prop firm models with a monthly fee structure akin to futures trading. Darwinexzero begins with a calibration phase to evaluate trading skills and allocates capital based on performance, fostering a supportive environment for developing traders.
Key Highlights:
- Monthly fee structure similar to futures trading
- Calibration phase to assess and allocate capital based on trading skills
- Focus on identifying and nurturing promising traders
City Traders Imperium
City Traders Imperium Founded in 2018 by experienced market professionals, City Traders Imperium has swiftly gained recognition for its robust offerings. They boast the highest pass rate among prop firms, underscoring their commitment to recruiting top-tier talent. City Traders Imperium offers up to 100% profit share on initial profits and maintains a flexible trading environment with no minimum trading days or time limits. However, they restrict certain trading strategies like HFT, latency arbitrage, and martingale strategies.
Key Highlights:
- Highest pass rate among prop firms
- Up to 100% profit share on initial profits
- Flexible trading environment with no minimum trading days or time limits
Funded Trading Plus
Funded Trading Plus Emerging in the forex and CFD prop trading arena, Funded Trading Plus provides an enticing 80% profit split. They cater to diverse trading styles through three program options: One Phase, Two Phase, and Instant, allowing traders to utilize Expert Advisors and avoid mandatory stop losses, enhancing control over trading strategies.
Key Highlights:
- Adaptability with program options and no maximum trading days
- Support for Expert Advisors
- Transparency with an 80% profit split
- Speedy weekly payouts
E8 Market
E8 Market Established in 2021, E8 Market focuses on forex and CFD prop trading, offering an attractive 80% profit split. They prioritize efficiency with a streamlined evaluation process and deploy in-house technology to ensure seamless trading operations, providing regular bi-weekly payouts.
Key Highlights:
- Transparent 80% profit split
- Efficient evaluation process
- In-house technology for smooth trading operations
- Bi-weekly payouts
In summary, each firm offers unique strengths tailored to different trading styles and objectives, providing US prop traders with viable options amidst a dynamic market environment. Whether through generous profit-sharing models, advanced technology, or innovative approaches, these firms strive to support traders in achieving success in the competitive world of prop trading.