What forex prop firms accept US clients is a pressing question for traders in 2025. Proprietary (“prop”) trading firms offer funded forex accounts after passing an evaluation challenge. However, many major firms no longer allow new U.S. traders due to regulatory restrictions on leveraged CFD trading. This shift has caused a shake-up: well-known names like FTMO and The5ers have closed their doors to Americans, while others now rely on alternative platforms such as DXtrade and Match-Trader to stay compliant. The good news? Several prop firms still welcome U.S. residents—often via non-MetaTrader platforms. Below is a detailed breakdown of which forex prop firms accept U.S. clients in 2025, and which ones have paused sign-ups.
Why Many Prop Firms Restrict U.S. Traders
In early 2024, MetaQuotes (the maker of MT4/MT5) enforced stricter license rules. Many prop firms using MT4/MT5 services to U.S. traders were forced to stop US onboarding. For example, Blue Guardian and others “restricted new account registration for U.S. clients” in Feb 2024. Alpha Capital Group also suspended U.S. accounts (to return later via futures markets).
Even FTMO’s website confirms it explicitly “does not provide services… to … USA”. Hantec Trader likewise states it “does not offer its services to U.S. residents or citizens”. These restrictions reflect the U.S. regulatory environment: as FinanceMagnates notes, “the US regulatory environment still presents unique challenges” for leveraged trading and CFDs. In short, many established prop firms have halted new U.S. signups, but a number of firms have adapted or never banned US accounts.
What Forex Prop Firms Accept US Clients: 2025 Updated
Despite the wave of exclusions, several prop trading firms explicitly still accept U.S. traders (often by using non-MetaTrader platforms or crypto/stock instruments). Notable examples include:
- FXIFY: Yes (U.S. allowed). FXIFY is often cited as one of the few major prop firms still taking Americans. It supports MT4/MT5 trading with tight spreads and even allows Expert Advisors (EAs) after review. In fact, FXIFY “does in fact allow US users” and will approve trading EAs if the user submits them for vetting. (Note: As of late 2024, FXIFY is migrating U.S. clients to the DXtrade platform to satisfy licensing rules.)
- Funding Pips: Yes (returned to U.S.). Funding Pips resumed targeting U.S. traders in March 2024 by switching its trading platform. After migrating from MetaTrader to the Match-Trader platform, the company announced it was “targeting US traders again” and urged U.S. clients to “stay tuned for a major comeback”. Existing U.S. accounts were never closed; now new U.S. customers can join challenges on the Match-Trader platform (and soon other non-Meta platforms like DXtrade, cTrader, TradeLocker).
- FundedNext (Futures): Yes (futures only). FundedNext originally used MetaTrader/CTrader, but it launched a new futures prop trading arm called “FundedNext Futures” that is available in the U.S.. (Its older CFD-based programs remain closed to Americans.) In other words, U.S. traders can fund futures challenges with FundedNext via NinjaTrader/Tradovate platforms.
- BrightFunded: Yes. BrightFunded explicitly “accepts US traders”. It is a crypto‐friendly prop firm (Dubai‐based) that provides funded forex/crypto accounts through its own platform. BrightFunded boasts features attractive to U.S. clients: direct crypto payouts (USDC), flexible payout frequency, and up to 100% profit payouts. Its supported‐countries list (Surgefunded research) confirms the U.S. is allowed.
- thePropTrade: Yes. ThePropTrade (a relatively new U.K. prop firm) “welcomes clients from all around the world,” and its FAQ lists many prohibited countries – but not the U.S.. In short, U.S. residents are not on ThePropTrade’s banned list. It offers multi-step forex challenges with 80–90% profit split and uses MT4/MT5 accounts.
- Quant Tekel: Yes (with platform caveats). Quant Tekel (formerly AscendX) supports trading from 180+ countries. Its restricted list does not ban the U.S., but it does note that U.S. clients cannot use MT5 or cTrader. Instead, U.S. traders can use the DXTrade platform. In practice, this means Americans can join Quant Tekel accounts using DXTrade (forex, crypto, indices) and enjoy up to 90% profit split.
- Goat Funded Trader: Yes. Goat Funded (headquartered in Spain/HK) is open to U.S. traders. Its published restrictions (FAQ/Surgefunded) ban about 20 countries like Iran, Cuba, etc., but the U.S. is not listed. In other words, U.S. residents may take Goat’s challenges and keep 100% of profits. Goat offers forex, crypto, and indices challenges up to $800K (scaling to $2M).
- Giimer:Likely Yes. Giimer is a newer “trading skill” prop firm. Its public FAQs do not mention the U.S. in any banned list. We did not find an explicit source, but given Giimer’s global approach and lack of disclosure on U.S. bans, it appears to welcome U.S. clients. (Always check their site or contact support to confirm.)
In summary, active prop firms for U.S. traders include those above. Each has different rules: FXIFY and thePropTrade still allow MT4/5 (with EA support), Funding Pips and FundedNext require alternative platforms (Match-Trader, DXtrade, NinjaTrader, etc.), while BrightFunded and Goat use their own or crypto-friendly systems. All of these accept U.S. account applications today. (By contrast, many famous firms do not: FTMO, The5ers, Blue Guardian, Crypto Fund Trader, Hantec, etc., currently restrict or pause U.S. clients.)
Why Did Firms Drop U.S. Clients?
The main reason is legal: U.S. regulators generally prohibit leveraged forex/CFD contracts with U.S. customers. Prop firms that operated as CFD brokers lost MetaTrader licenses for U.S. use. As one FX news source explains, “the US regulatory environment still presents unique challenges” for leveraged trading. Many firms were either required to withdraw or chose to stop U.S. service to keep operating elsewhere.
However, prop trading itself is not illegal in the U.S.; it’s just that most firms must avoid US regulation. The workaround: use non-CFD products or foreign platforms. For example, FTMO is even asking its existing U.S. traders to “move to the DXtrade trading platform” to comply. Blue Guardian announced it will integrate DXtrade by Feb 2024 so “US clients will be welcomed back”. In short, U.S. traders must look for firms explicitly allowing Americans – many do, as listed above – and beware of those that don’t.
Prop Firms Not Accepting U.S.
For completeness, here are some well-known prop firms currently closed to U.S. traders:
- FTMO: Officially “does not provide services to… USA”. FTMO stopped U.S. onboarding in 2024 due to the MetaQuotes crackdown.
- The5ers: Its site explicitly states the U.S. is banned. (The5ers only recently resumed service on cTrader for non-U.S. markets.)
- Blue Guardian: In Feb 2024 Blue Guardian announced it had restricted new U.S. registrations, pending a switch to DXtrade. (U.S. accounts may reopen on new platform.)
- Alpha Capital Group: Suspended U.S. accounts in Feb 2024, though it plans to relaunch in the U.S. via futures by mid-2024.
- Crypto Fund Trader: A crypto-focused prop firm, it “terminated MT5 services for U.S. clients” in Feb 2024 (again, waiting for DXtrade).
- Hantec Trader (Intl): Its T&Cs flatly forbid U.S. clients.
- MyFundedFX, Audacity, Bespoke, etc.: Also paused U.S. business.
Many of these firms indicate they plan to re-enter the U.S. market via futures or alternate technology, but as of now they do not accept new U.S. signups.
Conclusion
U.S. forex traders still have options. As of 2025, firms like FXIFY, Funding Pips, BrightFunded, thePropTrade, Quant Tekel, Goat Funded, and new programs like FundedNext Futures explicitly accept U.S. clients. To find the best fit, check each firm’s website: confirm they list the U.S. as allowed or ask support directly. Also compare features (platforms, account sizes, profit splits) to your needs. In summary, while many big names dropped U.S. traders, there are still multiple reputable forex prop firms open to U.S. clients – just be sure to trade only with those currently permitted for U.S. residents.
