Review: The Best Prop Trading Broker for 2024 for US Traders
Introduction:
This is important US traders have been struggling to find a good prop trading firm that accepts US-based clients. I am here to solve this for you.
Proprietary trading or Prop trading has gained a lot of popularity in the trading world over the years. A lot of prop firms offer effective trading tools. They also offer great opportunities for traders for risk management and regulating their trading activity When choosing a prop trading firm, US-based prop traders have limited options
Many prop trading firms do not accept US-based traders, which is why it is important to know the ones that do This situation may leave traders feeling confused
In this article, I will be revealing the top prop trading firms that accept US traders. These are among the best prop firms They provide incredible opportunities for growth and success in the prop trading industry
Now: Why Does This Matter?
Limited Choices: From what I've seen, most prop trading firms do not accept clients from the United States (Even the most popular ones) This somehow becomes a
struggle for the US traders They are unable to find a prop trading firm that fits their needs. This also limits their access to resources that these firms provide.
Trader-Friendly Firms: In my article, I have mentioned prop firms that are trader-friendly and offer additional benefits Joining these can significantly influence a trader’s trading experience and profitability
Potential for Growth: here is also a great opportunity to scale the accounts. Traders can also benefit from high leverage These firms also offer great options for payouts All these factors can enhance your journey as a trader
Hola Prime is a great fit for traders who are seeking flexibility and rapid scaling in a broker With Hola Prime, you can scale your account up to $4 million
The firm has a streamlined two-phase evaluation process It simplifies and speeds up the funding journey It offers account sizes ranging between $5K to $300K This is how it caters to both new and experienced traders.
They are the first ones in the industry to publish Daily Price Transparency Reports, cementing their USP of transparency.
Key Features:
1 Account Sizes: From $5K to $300K
2 Phases: Up to 2 phases for evaluation
3 Leverage Offered: It is 100:1 on Pro plans
4. Profit Split: Starting at 80%, with the potential to increase to 90%
5 Charges for a $100K Account: $599 for a $100K account
6 Withdrawal Options: They offer payout via Crypto and Rise
7. Minimum Trading Days: As low as 3 days
8. Payout Cycle: Instantly and the profit share varies with the frequency of payout chosen
9 Instruments Offered include Forex, Crypto, Indices, and Commodities
Hola Prime should be one of your go-to options. They are offering a fast-paced environment for trading. Their efficient payout system and flexibility make them a
great choice for prop traders. The high leverage of 100:1 and a significant profit split are also helpful for traders.
The Funded Trader
The Funded Trader offers a great option for traders who are eager to scale their account It also offers a structured approach for US clients
They offer account sizes up to $200K Here, traders can get a multi-step evaluation process that consists of up to three phases
The leverage offered by the funded trader is 50:1 This is quite suitable for traders looking to maximize their capital
We (as traders) have a minimum requirement of five trading days to complete the evaluation, which is fair This also ensures that all the traders have sufficient opportunity to showcase their skills. This offers them a fair chance to win the challenge.
The Funded Trader has restricted news trading in challenges But the firm compensates this with a competitive profit split of up to 95% This creates strong incentives for traders to perform well in their evaluations.
Traders can access their earnings quickly because they become eligible for payout after 7 days of passing the challenge.
Key Features:
Account Sizes: From $5K to $200K
Phases: Up to 3 phases for evaluation
Leverage Offered: Up to 50:1
Profit Split: Up to 95%
Charges for a $100K Account: $489 for a $100K account
Withdrawal Options: PayPal, Crypto are offered
Minimum Trading Days: 5 days for passing the challenge
Payout Cycle: Minimum 7 days after challenge completion
Instruments Offered: Forex, Commodities, Indices, and Crypto
To conclude, The Funded Trader offers clear structure for evaluation and profit split. It also enhances the trader’s overall experience by providing a well-defined structure to their traders.
Funding Pips
Funding Pips is another great option for US-based prop traders. This presents a user-friendly approach that includes various account sizes and a straightforward evaluation process Multiple options for account sizes are available From $5K, $10K, $25K, $50K, and $100K, with up to three phases in their evaluation journey
The leverage options offered are 1:100 or 1:50, depending on the account type The profit split begins at 60% and can reach up to 100%, which is great for traders The leverage option allows traders to choose their preferred level of risk.
They also offer a flexible withdrawal process, ensuring that the traders get easy access to their profits. This also offers a competitive edge in the earning potential of the traders.
Key Features:
Account Sizes: There are various options like $5K, $10K, $25K, $50K, $100K
Phases: Up to 3 for evaluation
Leverage Offered: Two options for leverage i e 1:100 or 1:50
Profit Split: From 60% up to 100%
Charges for a $100K Account: $499 for a $100K account
Withdrawal Options: There are many withdrawal options Such as Google Pay, Apple Pay, Crypto, Credit/Debit Card, Neteller, Skrill, PaysafeCard, and Bank Transfer, etc
Minimum Trading Days: 3 days for trading
Payout Cycle: Tuesday payday, bi-weekly, or monthly, with profit splits up to 100%
Instruments Offered: They are Forex, Crypto, Indices, Metals & Energies
This is a flexible evaluation process and an attractive profit-sharing option. Funding Pips is a good choice for traders looking to sharpen their skills.
Multiple withdrawal methods are also available. They also offer different account sizes. This ensures that traders can get access to their unique needs.
Summary:
For US-based traders, finding the right prop trading firm is essential This is for scaling up and achieving success in this dynamic and competitive field.
For US-based traders, finding the best prop trading firm is crucial Not just for scaling up but also for choosing one that fits their trading style
Choose a prop trading firm that suits your trading strategies and style
Go for Hola Prime if you are looking for a prop trading firm that offers Transparency and fast payouts They also offer high leverage and a great trading platform
Consider The Funded Trader if you prefer a broker that offers a structured process.
Funding Pips on the other hand is great for those looking for direct evaluations This makes it a valuable option for all.
Final Thought:
If you’re a US trader, these firms offer incredible opportunities. Access to significant capital and leverage your trading skills. Explore Hola Prime, The Funded Trader, and Funding Pips as you elevate your trading career in 2024. Each of these firms provides unique advantages that can help you unlock your potential and thrive in the exciting world of prop trading!