In this article, I will cover The Best Prop Firms for US Traders After Prop Firm Shutdowns. I will focus on those that have proven to be reliable and have continued to support US traders.
Given recent shutdowns, pinpointing a dependable prop trading firm has become even more essential in light of recent shutdowns for most prop trading firms.
This guide covers reliable prop trading firms, essential features, and other considerations traders ought to evaluate prior to getting funded.
Key Points & Best Prop Firms for US Traders After Prop Firm Shutdowns
| Prop Firm | Key Point |
|---|---|
| Phidias PropFirm | Complete package with fast payouts |
| Apex Trader Funding | High capital access and 100% profit split |
| Topstep | Established reputation with weekly payouts |
| MyFundedFutures | Strong futures focus and trader support |
| DNA Funded | Best overall prop firm for US traders |
| BrightFunded | Best funded trading account options |
| FXIFY | Flexible funded trader program |
| Blueberry Funded | Scaling potential up to $2 million |
| FundedNext Futures | 24-hour profit payouts |
| Funded Prime | Unique challenges including crypto focus |
10 Best Prop Firms for US Traders After Prop Firm Shutdowns
1. Phidias PropFirm
Specializing in CME Group futures, Phidias PropFirm is a futures-focused proprietary trading firm, helping traders with institutional-grade capital and execution.
With a clear evaluation process designed for novice and experienced traders, Phidias has a simplified procedure and different trading accounts that cater to individual trading techniques, whether they’re swing, intraday, or a combination of strategies.
Phidias has an evaluation feature to get traders funded in just a few days in some cases, with clear conditions and simple rules.
While reviews are mixed, the majority of community feedback appreciates the singular focus on futures.
Pros And Cons Phidias PropFirm
Pros
- Simple and trader-friendly evaluation path with clear targets.
- Focus on CME futures markets, ideal for futures-centric traders.
- Transparent rules and progression logic.
- Good community feedback on straightforward rulesets.
Cons
- Less established than legacy firms; fewer long-term performance reviews.
- Limited market instruments (futures only).
- Smaller community/support ecosystem.
| Feature | Details |
|---|---|
| Markets | Futures (CME) |
| Evaluation | Single/fast path |
| Platforms | Rithmic / others |
| Profit Split | Competitive |
| Payout Speed | Standard |
| Best For | Futures traders |
2. Apex Trader Funding
Apex Trader Funding is among the popular prop trading firms in the US, especially for day traders, because of their flexible funding and platform options.
They provide funding in the range of hundreds of thousands of dollars and sell access to professional trading software, including Rithmic, Tradovate, NinjaTrader, and TradingView, for a variety of futures.
After the first milestone, their profit-split is quite favorable, and although some traders may be put off by rules like intraday trailing drawdowns and daily loss limits, they are still a preferred firm in the US for retail traders wanting to access capital and trade institutional-style futures.
Pros And Cons Apex Trader Funding
Pros
- Large capital allocation potential up to high six figures.
- Multiple platforms (Tradovate, Rithmic, NinjaTrader, TradingView).
- Competitive profit splits after first target.
- Popular with experienced futures traders.
Cons
- Strict drawdown limits that can trip traders early.
- Can feel complex for beginners.
- Some traders report rule interpretations vary.
| Feature | Details |
|---|---|
| Markets | Futures |
| Evaluation | Multi-phase |
| Platforms | Rithmic, Tradovate, Ninja, TradingView |
| Profit Split | Good |
| Payout Speed | Weekly typical |
| Best For | Intermediate/advanced futures |
3. Topstep
Topstep has a large reputation for being one of the oldest and most endorsed prop firms. Especially for futures traders within the U.S.
Topstep is well-known for its Trading Combine evaluations and risk management strategies as they allow traders to develop funded accounts while learning the discipline of risk management.
Once traders become funded, they receive weekly profit payouts as well as a clear roadmap. This roadmap comes with performance coaching and community support.
Topstep is a great choice for someone who wants to take prop trading as a career, rather than a profit scheme because of their long-standing, educational resources, and adequate risk parameters. These reasons attract and endorse serious traders.
Pros And Cons Topstep
Pros
- Very established and respected in futures prop space.
- Strong risk-management teaching ethos.
- Structured progression and coaching resources.
- Steady payout schedule.
Cons
- Slower path to funded accounts.
- Can be costly vs newer fast-pass firms.
- Strict daily and overall risk caps.
| Feature | Details |
|---|---|
| Markets | Futures |
| Evaluation | Trading Combine |
| Platforms | Rithmic / others |
| Profit Split | Standard |
| Payout Speed | Weekly |
| Best For | Discipline-focused traders |
4. MyFundedFutures
MyFundedFutures attracts traders who are looking for simple and stress-free evaluations. It features a one-step evaluation with profit targets and overall trader friendly policies like small daily loss limits and payout after a certain number of winning days.
Many like that they have a quicker route to a funded account compared to some competitors with multi-phase models.
Though it’s new and primarily focused on quick entry, traders still need to read the official rules and community feedback closely to see if the firm aligns with their style and risk tolerance.
Pros And Cons MyFundedFutures
Pros
- Simple one-step evaluation and clear profit target.
- Quick route to funded status.
- Rules that appeal to swing and intraday traders.
Cons
- Newer firm with less historical data.
- Limited platform choice.
- Fewer community support materials.
| Feature | Details |
|---|---|
| Markets | Futures |
| Evaluation | One step |
| Platforms | Limited |
| Profit Split | Competitive |
| Payout Speed | Fast |
| Best For | Traders seeking simplicity |
5. DNA Funded
DNA Funded provides a proprietary trading challenge across flexible structures in forex, cryptocurrencies, indices, and commodities.
They have one-phase, two-phase, and rapid challenge types, letting traders select the pace and pricing that suits their budget the best.
Traders have the potential to scale accounts to substantial allocations with profit splits that are competitive and account for add-ons with better conditions.
Given their backing by a reputable broker, straightforward trading instruments, and hundreds of supported trading instruments
DNA Funded is well-known for their low initial fee and broad market access, with the exception of some EA and strategy restrictions.
Pros And Cons DNA Funded
Pros
- Multiple challenge formats (one-phase, two-phase, rapid).
- Wide instrument access: forex, crypto, indices, commodities.
- Excellent profit split structures and scaling potential.
- Backed by a broker.
Cons
- Some EA and automation restrictions.
- Rules differ by challenge type—can confuse beginners.
- Higher challenge costs for larger accounts.
| Feature | Details |
|---|---|
| Markets | Forex, Crypto, Indices, Commodities |
| Evaluation | Multi paths |
| Platforms | MT5 / others |
| Profit Split | High |
| Payout Speed | Weekly typical |
| Best For | Multi-instrument traders |
6. BrightFunded
BrightFunded is unique because of its multi-asset offerings and weekly payouts. This is great for traders wanting a steady cash flow.
Profit splits can go up to 100%, and traders can purchase evaluations to get funded accounts to trade forex, indices, commodities, crypto, etc.
Traders can choose their desired profit share, and lower profit share during evaluation periods helps to lower the initial pressure costs.
It’s worth considering for traders wanting to trade with funded capital because of its growing list of instruments and adjustable account sizes.
Pros And Cons BrightFunded
Pros
- Weekly payouts (consistent cash flow).
- Broad instrument access including crypto.
- Large profit split potential (up to 100%).
- Familiar MetaTrader platform.
Cons
- Some traders report slower support turnaround.
- Rules can change often with promotions.
- Evaluation cost vs reward varies by account size.
| Feature | Details |
|---|---|
| Markets | Forex, Crypto, Indices |
| Evaluation | Standard paths |
| Platforms | MT5 |
| Profit Split | Up to 100% |
| Payout Speed | Weekly |
| Best For | Consistent payoff seekers |
7. FXIFY
FXIFY is a prop trading firm for crypto, forex and futures trading. Prop brokers support trading crypto, forex and futures. They have multiple funding options.
FXIFY’s profit share is over 90% which means traders take home 90% of the profits earned. They have no strict rules around consistency.
Traders have flexibility in their evaluation choices which means they can select the funding option which best aligns with their trading style and risk appetite.
Traders have the option to withdrawal money from their profit share every two weeks. They also have access to high-speed trading execution and an updated user interface. They support trading strategies and rapid scaling.
Pros And Cons FXIFY
Pros
- Instant Funding options for fast access.
- High profit split (up to ~90%).
- No strict consistency rules.
- Wide market coverage including crypto.
Cons
- Some traders find evaluation terms complex.
- Still building global trader community.
- Broker-backed firms vary in execution quality.
| Feature | Details |
|---|---|
| Markets | Forex, Crypto, Futures |
| Evaluation | Instant + standard |
| Platforms | Multiple |
| Profit Split | High |
| Payout Speed | Bi-weekly |
| Best For | Flexible traders |
8. Blueberry Funded
Blueberry Funded is a relatively new firm that provides flexible assessment competitions and quick payout options, which are typically completed in a maximum of two business days.
The company facilitates adjustable scalable capital spread across different trading objectives, and market credibility backed by a broker.
Traders are provided different account sizes and evaluation options aimed at achieving a equilibrium that meets accessibility and professional trading requirements.
Although some of the older firms have a larger footprint than Blueberry, the quick access to funded capital and competitive features are attracting more and more traders to the smaller footprint firms.
Pros And Cons Blueberry Funded
Pros
- Fast payouts (often 1–2 business days).
- Scalable account sizes.
- Transparent evaluation requirements.
Cons
- Newer firm with limited long-term reputation.
- Smaller community than older names.
- Documentation sometimes evolving.
| Feature | Details |
|---|---|
| Markets | Futures / Forex |
| Evaluation | Standard paths |
| Platforms | Multiple |
| Profit Split | Competitive |
| Payout Speed | Fast |
| Best For | Rapid payout seekers |
9. FundedNext Futures
FundedNext Futures specializes in futures and CFD traders and has challenge models with one-step and multi-step funding paths.
Traders have the potential to scale their accounts to several million dollars and receive fast payouts in as little as 24-72 hours.
FundedNext integrates with multiple professional trading platforms like Tradovate and TradingView, and has tradable cost and performance bonus structures.
Community feedback has been mixed and rule-stringency complaints come up, but the firm’s scalability and international reach is often appealing to seasoned traders prioritizing capital growth.
Pros And Cons FundedNext Futures
Pros
- Wide platform support (e.g., TradingView, Tradovate).
- Large scale-up potential with multiple challenge paths.
- Fast payout timelines (often within days).
- Global trader participation.
Cons
- Rules can feel strict for certain instruments.
- Mixed trader feedback on drawdown enforcement.
- Costs add up with repeat challenges.
| Feature | Details |
|---|---|
| Markets | Futures, CFDs |
| Evaluation | One- or multi-step |
| Platforms | TradingView, Tradovate |
| Profit Split | Good |
| Payout Speed | Fast |
| Best For | Platform versatility seekers |
10. Funded Prime
Funded Prime has built a reputation for offering clear funded account programs that are easy to enter while offering professional trading terms.
The company has several evaluations that target the forex and broader markets that have clear guidelines and funding options.
Traders tend to like the company’s fee transparency and the clear criterion for evaluations that take away some of the uncertainty regarding the passing criteria.
Funded Prime is not as well known as some of its rivals, but its emphasis on emerging traders who seek consistent growth through funded accounts is a viable option in the changing prop firm market. As always, check the company’s website for the most accurate and up to date information.
Pros And Cons Funded Prime
Pros
- Straightforward evaluation and funding criteria.
- Transparent fee and profit structures.
- Good entry point for newer prop traders.
Cons
- Less widely known than top competitors.
- Smaller capital allocations initially.
- Limited platform options compared to bigger firms.
| Feature | Details |
|---|---|
| Markets | Forex & others |
| Evaluation | Simple paths |
| Platforms | Limited |
| Profit Split | Standard |
| Payout Speed | Standard |
| Best For | Newer funded traders |
How To Choose Best Prop Firms For US Traders After Prop Firm Shutdowns
- To avoid risk of sudden shutdowns, check for transparency and regulation.
- Choose firms that have a long history of consistent trader payouts.
- Pay special attention to trailing drawdowns, as they can end accounts.
- Select prop firms that have fast payouts and clear conditions on withdrawals.
- Make sure that the trading platforms supported are the ones you prefer.
- Evaluate the models: one-step, two-step, and instant funding for optimum flexibility.
- Seek profit splits that are reasonable, and reward consistent profitability, not early withdrawals.
- Check what trading styles are permitted: news trading, scalping, automation, etc.
- Stay clear of firms that have vague trader agreement terms that are constantly changing.
- Look at reviews and community sentiment of verified traders who have funded accounts.
Conclusion
To conclude, we can say that locating the top prop firms for US traders following prop firm shutdowns entails thorough analysis.
Traders meed to emphasize firms with positive feedback, crystal clear guidelines, dependable payouts, and an ideal regulatory framework.
US traders can minimize risk and maintain their quest for funded trading opportunities with more certainty by selecting stable and established prop firms.
FAQ
Why have many prop firms recently shut down?
Most shutdowns occurred due to regulatory pressure, liquidity issues, or unsustainable business models.
Are prop firms still legal for US traders?
Yes, many prop firms legally operate by offering simulated trading and performance-based funding.
How can US traders avoid risky prop firms?
Choose firms with long histories, transparent rules, and proven payout records.
Which markets are safest to trade with prop firms?
Futures markets are generally considered safer and more regulated for US traders.
