Welcome to our blog, where we explore US-based proprietary trading firms. In this ever-changing landscape, where risk management, profit split, and funded accounts are crucial, forex prop trading firms stand out for building a vibrant trading community. They specialize in coaching traders for better performance, offering tools and expertise to succeed in today’s markets.
These firms focus on profit sharing and providing traders with access to a top-notch trading platform. They tailor-funded accounts for different account sizes and trading styles, while also evaluating track records and providing customer support. Traders can refine their skills using proprietary trading strategies and trading positions with a time limit, all guided by experienced professionals.
From leveraging options to exploring equities, these firms explain their fee structure and the potential for earning profits. Join us as we delve into the world of prop trading, uncovering the secrets to mastering trading and maximizing profits.
E8 Funding – Texas (USA)
E8 Funding, a prop trading firm, established offices in the United States, Dallas, Texas, and Prague, Czech Republic. Founded on November 5, 2021. CEO Dylan Elchami leads the company. Traders have the chance to manage accounts from $25,000 to $250,000, with an 80% profit split. To become a funded trader, traders must pass a two-step evaluation process. This process consists of Phase 1 and Phase 2 (or Phase 3 for E8 Track).
The trading rules for E8 Funding include:
- Profit Target: Traders must achieve an 8% profit target during the evaluation phase.
- Profit Splits: Traders can earn profit splits of up to 80%.
- Maximum Daily Loss: The daily loss limit for every account is around $1250.
- Maximum Loss: Traders must not exceed an overall loss limit of $20001.
- Minimum Trading Days: There are no minimum trading day requirements to move to phase 2.
- Maximum Trading Days: Traders have unlimited trading days but must place at least one trade every 90 days.
- Trading Strategies Allowed: E8 Funding allows traders to trade at their discretion, including news trading, holding trades over the weekend, using trade copiers, and employing EAs.
E8 Funding allows traders to trade without profit targets, only adhering to the Maximum Daily Loss and Maximum Loss rules. Traders can withdraw funds starting from the 8th day of trading, as long as at least 14 days have passed since the last withdrawal. Withdrawals can be made using various methods like bank cards, bank transfers, and e-wallets, with no minimum or maximum withdrawal limits. While E8 Funding doesn’t charge withdrawal fees, other participants in the process might.
Read our complete E8 Funding review.
Forex Prop Firm – Montreal (Canada)
Forex Prop Firm is a leading proprietary trading company. Founded by Jonathan Dufresne. It was incorporated as a legal entity reputation in January 2022, with its registered legal name as FPF s.r.o and has its headquarters in Montreal Canada.
The firm offers traders a 10% virtual profit bonus upon completing an evaluation and becoming funded. They offer a 90:10 payout ratio for successful traders, with payouts processed every 1-5 business days. The company enables different trading strategies, such as news trading and holding trades overnight or over the weekend. It also supports the use of trade copiers and EAs.
Trading Rules:
- Profit Target: Profit splits are set at 90:10 for successful traders.
- Maximum Daily Loss: No daily drawdown limit is imposed.
- Maximum Loss: There is no maximum relative drawdown.
- Minimum Trading Days: Traders can request payouts every 15 days.
- Maximum Trading Days: No time limit is set for trading activities.
Forex Prop Firm offers transparent trading conditions, access to capital, advanced tools, mentorship, and support. However, trading with prop firms like Forex Prop Firm carries higher risks due to fewer regulatory protections, making it crucial to understand these risks.
Read our comprehensive Forex Prop Firm review.
Leveled Up Society – Florida (USA)
Leveled Up Society, an American proprietary firm incorporated on February 25, 2022. It is located in Doral, Florida, and is managed by CEO Raul Gonzalez. At LUS, trading has few restrictions. Traders get an 80% profit split and can trade currencies, cryptocurrencies, stocks, indices, commodities, and metals.
Trading Rules:
- Profit Target: No mandatory profit target; traders must monitor drawdown
- Profit Splits: Traders receive 80% profit split
- Maximum Daily Loss: No specified maximum daily loss
- Maximum Loss: No specified maximum loss
- Minimum Trading Days: Traders need to trade for at least 5 days within a 30-day cycle
- Maximum Trading Days: No maximum trading day requirement
Trading Strategies:
- News Trading: Allowed
- Holding Trades Over the Weekend: Allowed
- Trade Copier: Not specified
- EA (Expert Advisor): Not allowed
The firm operates through a partnership with Eightcap broker, offering standard referral bonuses and facilitating withdrawal of profits to bank cards, e-wallets, or crypto wallets. Traders can contact the technical support team via email, live chat, or the website’s ticket system, available 24/5, Monday to Friday. LUS provides trading platforms such as MT4 and MT5, with a minimum deposit of $149, leverage up to 1:100, and no mandatory profit targets.
Ment Funding – Texas (USA)
Ment Funding, a proprietary trading firm legally known as Prop Account, LLC, established itself in October 2020. It has headquarters located in Austin, Texas, United States. CEO Anton Calmes leads Ment Funding. The company aims to empower traders worldwide by providing access to trading capital and fostering a community of passionate traders dedicated to redefining industry standards.
Traders at Ment Funding have the opportunity to manage account sizes ranging from $25,000 up to $2,000,000, with potential profit splits of up to 90%. The firm offers a single one-step evaluation program, partnering with ThinkMarkets as their broker. The evaluation phase involves reaching a profit target of 10% while adhering to maximum daily and overall loss rules. Upon successful completion, traders receive a funded account with no minimum withdrawal requirements.
Trading Rules:
- Profit Target: Traders must achieve a 10% profit target during the evaluation phase.
- Profit Splits: Traders receive profit splits ranging from 75% to 90% based on the profits generated in the funded account.
- Maximum Daily Loss: Traders have a maximum daily loss limit of 5%.
- Maximum Loss: Traders have a maximum overall loss limit of 6%.
- Minimum Trading Days: No minimum trading day requirements.
- Maximum Trading Days: No maximum trading day requirements.
Trading Strategies Allowed:
- News Trading
- Holding Trades Over the Weekend (with add-on feature)
- EA’s, Copy Traders, Scripts, Indicators, and Hedging are allowed
Ment Funding distinguishes itself from other prop firms. It offers a single account type with a one-step evaluation process and features such as an unlimited trading period, no minimum trading day requirements, and various add-on options. With a Trustpilot rating of 4.7/5 and a community of successful traders, Ment Funding provides traders with a supportive environment and opportunities for growth and profitability.
MyFundedFX – Texas (USA)
MyFundedFX, a proprietary trading firm, was established in June 2022. It’s based in the United States at 100 Crescent Court Suite 700, Dallas, TX 75201. It offers traders the opportunity to trade without risking their capital. Led by CEO Matthew Leech, MyFundedFX evaluates traders through one-step or two-step evaluation challenges. Providing them with demo accounts for trading performance assessment.
Account Sizes:
- Traders can manage account sizes up to $300,000.
- Scaling options are available to increase account balances.
Trading Rules:
- Profit Target: Traders must achieve specific profit targets, with no liability on the firm’s capital.
- Profit Splits: Traders receive 80% profit splits.
- Maximum Daily Loss: The maximum daily loss allowed is 5%.
- Maximum Loss: Traders should not exceed an 8% maximum loss.
- Minimum Trading Days: No specific minimum trading day requirements.
- Maximum Trading Days: Unlimited trading period to complete evaluation phases.
- Trading Strategies: News trading is allowed, with overnight and weekend holding permitted.
Read insights with MyFundedFX review.
Smart Prop Trader – Texas (USA)
Smart Prop Trader is a proprietary trading firm. It was established in July 2022 and is headquartered in Austin, Texas, United States. The firm empowers traders by providing them with access to capital and trading opportunities. Blake Olson and seasoned professionals with over a decade of collective experience lead Smart Prop Trader. Traders can operate with a capital allocation of up to $400,000, with profit splits ranging from 85% to 90%—the firm partners with Eightcap, a reputable broker, to offer favorable trading conditions to its traders.
Trading Rules:
- Profit Target: Traders must achieve a profit target of 7% in phase one and 5% in phase two. Funded accounts have no profit targets.
- Profit Splits: Traders receive profit splits ranging from 85% to 90%.
- Maximum Daily Loss: The maximum daily loss is capped at 4% for all account sizes.
- Maximum Loss: The maximum overall loss allowed is 8%, scalable up to 28% as traders scale their accounts.
- Minimum Trading Days: No minimum trading day requirements.
- Maximum Trading Days: No specified maximum trading day requirement.
Trading Strategies:
- News Trading: Allowed
- Holding Trades Over the Weekend: Allowed
- Trade Copier: Not specified
- EA (Expert Advisor): Not allowed
Read the comprehensive Smart Prop Trader review.
SurgeTrader – Florida (USA)
SurgeTrader is one of leading prop firms located in 4851 Tamiami Trail N STE 200, Naples, FL 34103, USA. Founded by CEO Jana Seaman.
Traders can operate with a capital allocation of up to $400,000, with profit splits ranging from 85% to 90%. The firm aims to support traders in maximizing profits while maintaining a Trustpilot rating of 4.7/5.
Trading Rules:
- Profit Target: Traders must achieve a 10% profit target before progressing to funded accounts or scaling up.
- Profit Splits: Profit shares range from 75% to 90% for traders.
- Maximum Daily Loss: Limited to 5% for all account sizes.
- Maximum Loss: Traders should not exceed a 6% maximum trailing drawdown.
- Minimum Trading Days: No specific minimum trading day requirements.
- Maximum Trading Days: No specified maximum trading day limit.
Trading Strategies:
- News Trading: Allowed
- Holding Trades Over the Weekend: Allowed
- Trade Copier: Not specified
- EA (Expert Advisor): Not specified
SurgeTrader provides funding opportunities through a two-phase audition process, offering account sizes ranging from $25,000 to $1,000,000. Traders must showcase their skills and discipline during the audition to qualify for funding. The firm partners with ThinkMarkets, an online brokerage based in London and Melbourne, for technological support.
Read our complete SurgeTrader review.
The Funded Trader – Texas (USA)
The Funded Trader, established on May 12, 2021, is a proprietary trading firm located at 14001 W HWY 29, Suite 102, Liberty Hill, TX 78642.
Led by Angelo Ciaramello, the firm offers traders the opportunity to access capital of up to $1,500,000 and profit splits as high as 90%. The company partners with brokers such as Eightcap and Purple Trading Seychelles.
Trading Rules:
- Profit Target: Phase 1 requires a profit target of 10%, Phase 2 requires 5%.
- Profit Splits: Range from 75% to 95% depending on the challenge.
- Maximum Daily Loss: Varies by challenge, from 3% to 5%.
- Maximum Loss: Ranges from 8% to 10% depending on the challenge.
- Minimum Trading Days: 3 trading days minimum for each phase.
- Maximum Trading Days: Up to 35 days for Phase 1, up to 60 days for Phase 2.
- Trading Strategies: News trading allowed on certain accounts, holding trades over weekends permitted.
- Traders can increase their account size by achieving a profit target of 6% or more within three months.
- Account balance increases by 25% of the original balance upon meeting the target.
The Funded Trader offers traders a range of programs with clear and reasonable trading rules, providing opportunities for both novice and experienced traders to access capital and advance their trading careers.
