Prop firms for US traders

Every one of the 20 active futures prop firms on our list accepts traders who live in the United States, and 16 of them are based there. Futures prop firms sell simulated evaluation and funded accounts rather than brokerage accounts, so the rules that keep American traders out of most offshore forex prop firms do not apply here. The four firms based abroad take US residents too: Alpha Futures in the United Kingdom, FTMO Futures in Czechia, FundedNext Futures in the United Arab Emirates and Phidias Prop Firm in Gibraltar.

The fine print is in states and paperwork, not countries. FTMO Futures accepts US residents except in Arkansas, Delaware, Louisiana, Montana and South Carolina. Every firm runs KYC before the first payout, usually through its payout partner: you upload a government ID and proof of address, and E8 Markets decides your country from that document rather than from your IP address. Restriction is by residency at most firms, so a US resident trading from abroad keeps their account, while a resident of a restricted country cannot join by logging in from the US.

Payouts to a US bank are the norm. Rise is the most common payout method on this page, at 11 of the 20 firms, then wire at 8 and ACH at 7, with Wise, crypto, PayPal, Plane and Plaid behind them; the table below lists each firm's methods next to its home country. Payouts are taxable income: US-based firms generally send a 1099 for the year's withdrawals, and the money is yours to declare either way.