All four come from North America, the most developed proprietary trading market.
The world
of prop trading has taken the US by storm, offering retail investors the
opportunity to manage substantial capital with a small upfront fee. Despite
recent controversies and market turmoil, prop firms continue to attract
hundreds of thousands of clients. But what does their offering look like, and
which firms have the most trust?
Join us as
we dive into the prop trading market in the US and compare four prominent firms
- E8 Markets, Earn2Trade, MyFundedFX, and Smart Prop Trader - to help you
navigate this investment frontier
Prop Trading Market in the
US
Prop
trading is a significant and popular segment of the retail investment market in
the United States, with many well-known platforms originating there. These
firms' services typically follow a similar pattern: traders pay a fee to
participate in a "challenge" on a demo account designed to assess
their trading skills.
If they
meet the set profit targets, they can advance to higher tiers, earning a share
of generated profits (usually between 60-90%), and eventually become "funded
traders,” receiving real funds from the firm to work with. This model attracts
retail investors because they can manage capital ranging from $20,000 to
$100,000 for just a few hundred dollars.
Nevertheless,
several firms have emerged unscathed or experienced no issues at all. Among
them are E8 Markets, Earn2Trade, MyFundedFX, and Smart Prop Trader. In the table at the beginning of the article, we provide a detailed comparison of these companies' offers. Below, we present some basic information about their operations.
E8 Markets Funded Account
up to $400K
The first
company in our comparison is E8 Markets, which gives traders the flexibility to
choose challenges tailored to their strategy. You can opt for a one-, two-, or
three-step evaluation process within an MT5 or Match-Trader demo account with
account balances ranging from $10,000 to $400,000, maximum drawdowns from 6-14%,
and payout shares from 40-95%.
The
conditions the trader chooses will impact the final price of joining the
challenge, which ranges from $34 to over $2,000. The upper challenges are among
the most expensive in our comparison, but no other prop firm offers an account
with such a large capital.
Source: E8 Markets
The
platform claims that the average waiting time for a payout is 10 hours, and on
average, profitable traders withdraw $4,500. On Trustpilot, it has nearly 1,700
reviews and an overall rating of 4.7.
The company
also managed to navigate the recent turbulent period in the prop firm industry
without being forced to make any major changes or suspend operations.
Earn2Trade, over 7 Years
of Experience
It is definitely the longest-running prop trading firm in our comparison and the only one that focuses entirely on futures trading available on the CME exchange without
access to FX transactions.
It offers
relatively cheap challenges, with a fee of $275 for a $200,000 account.
Interestingly, profit targets and maximum drawdowns are not percentages but dollar values. For the cheapest $25K challenge, the daily
capital drawdown cannot exceed $550, and the total cannot exceed $1,500.
Source: Earn2Trade
Evaluation
also takes place on demo accounts, after which Earn2Trade provides the
opportunity to become a "Funded Futures Trader.” The company recently
introduced a new evaluation path where the maximum account value is $400,000,
with a maximum drawdown of $20,000.
Like E8
Markets, Earn2Trade also did not have any major issues in the recent chaos of
the prop firm industry. It also has a high Trustpilot rating of 4.7 with 2,100
reviews. However, it does not use MetaQuotes platforms and focuses on
futures trading rather than CFDs.
MyFundedFX, The Cheapest
Challenge
Although
the price difference between the cheapest $5K challenge in E8 Markets and My
Funded FX (MFF) is only $0.4, it has the cheapest evaluation process options in
its offer.
Similar to
its predecessors, the investor can choose from several types of virtual accounts challenges, consisting of one, two, or three consecutive stages.
Available accounts range from $5,000 to $300,000, and trading can be based on
DXTrade, cTrader, and Match-Trader platforms, with MetaTrader 5 also available
for traders outside the USA.
As an
add-on to each challenge, the investor can choose the "profit boost"
or "rapid withdrawal" option, but they increase the fee by 20% each.
Source: MyFundedFX
The company
claims that in 2024 alone, it made over $10 million payouts, with the
highest single payout being nearly $75,000. On Trustpilot it gathered 1,500
reviews and a final score of 4.3.
Unlike its
predecessors, it did not pass through the February turmoil unscathed. A few
months ago, MyFundedFX announced that it had to suspend support for United States clients using the MT5 platform. However, just a week
later, the company informed that it had started migrating accounts to an
alternative platform, opting for DXtrade.
Smart Prop Trader Offers
the Highest Leverage
Smart Prop Trader will certainly be an interesting option for retail investors looking for high financial leverage and the highest allowable drawdown. The
maximum available leverage on FX pairs is 100:1, and the total drawdown with
selected challenges can be up to 12%.
Like
its predecessors, it has a high rating on Trustpilot, scoring 4.7 out of 2500
reviews.
However,
compared to the competition, the profit splits will be more modest, up to 75%. Smart Prop Trader also has the lowest maximum funded account
value of all the compared companies, which is $100,000.
Source: Smart Prop Trader
On the plus
side, the company does not impose a minimum number of trading days to reach the
challenge goal, whereas other companies require a minimum of one to several
days.
Although
Smart Prop Trader had some problems in mid-February due to the suspension of
the MetaQuotes license, it quickly informed about changing the brokers it
worked with and adding new platforms. In the migration, it focused on
integration with cTrader from Spotware Systems.
Which Prop Firm Should You
Choose?
It is difficult to definitively state which prop trading firm offers the best, as each has unique strengths and caters to different types of traders.
For
example, E8 Markets stands out for offering the widest range of account sizes,
from $5K to $400K, giving traders flexibility in choosing the capital they want
to work with. They also provide a high profit split of up to 95%, among the highest in the industry.
MyFundedFX
also offers a wide range of account sizes, from $5K to $300K, with competitive
fees starting at just $33.6. They support multiple trading platforms, including
DXTrade, cTrader, Match-Trader, and MT5 for non-US clients.
On the
other hand, Earn2Trade is unique in its focus on futures trading, making it an
attractive option for traders specializing in this asset class. They offer a
straightforward pricing structure, with fees ranging from $75 to $275 for
account sizes between $25K and $200K.
Smart Prop
Trader stands out for offering the highest leverage among the four firms. This
can be particularly appealing to traders who employ high-risk, high-reward
strategies. Smart Prop Trader also has a straightforward profit target
structure.
The world
of prop trading has taken the US by storm, offering retail investors the
opportunity to manage substantial capital with a small upfront fee. Despite
recent controversies and market turmoil, prop firms continue to attract
hundreds of thousands of clients. But what does their offering look like, and
which firms have the most trust?
Join us as
we dive into the prop trading market in the US and compare four prominent firms
- E8 Markets, Earn2Trade, MyFundedFX, and Smart Prop Trader - to help you
navigate this investment frontier
Prop Trading Market in the
US
Prop
trading is a significant and popular segment of the retail investment market in
the United States, with many well-known platforms originating there. These
firms' services typically follow a similar pattern: traders pay a fee to
participate in a "challenge" on a demo account designed to assess
their trading skills.
If they
meet the set profit targets, they can advance to higher tiers, earning a share
of generated profits (usually between 60-90%), and eventually become "funded
traders,” receiving real funds from the firm to work with. This model attracts
retail investors because they can manage capital ranging from $20,000 to
$100,000 for just a few hundred dollars.
Nevertheless,
several firms have emerged unscathed or experienced no issues at all. Among
them are E8 Markets, Earn2Trade, MyFundedFX, and Smart Prop Trader. In the table at the beginning of the article, we provide a detailed comparison of these companies' offers. Below, we present some basic information about their operations.
E8 Markets Funded Account
up to $400K
The first
company in our comparison is E8 Markets, which gives traders the flexibility to
choose challenges tailored to their strategy. You can opt for a one-, two-, or
three-step evaluation process within an MT5 or Match-Trader demo account with
account balances ranging from $10,000 to $400,000, maximum drawdowns from 6-14%,
and payout shares from 40-95%.
The
conditions the trader chooses will impact the final price of joining the
challenge, which ranges from $34 to over $2,000. The upper challenges are among
the most expensive in our comparison, but no other prop firm offers an account
with such a large capital.
Source: E8 Markets
The
platform claims that the average waiting time for a payout is 10 hours, and on
average, profitable traders withdraw $4,500. On Trustpilot, it has nearly 1,700
reviews and an overall rating of 4.7.
The company
also managed to navigate the recent turbulent period in the prop firm industry
without being forced to make any major changes or suspend operations.
Earn2Trade, over 7 Years
of Experience
It is definitely the longest-running prop trading firm in our comparison and the only one that focuses entirely on futures trading available on the CME exchange without
access to FX transactions.
It offers
relatively cheap challenges, with a fee of $275 for a $200,000 account.
Interestingly, profit targets and maximum drawdowns are not percentages but dollar values. For the cheapest $25K challenge, the daily
capital drawdown cannot exceed $550, and the total cannot exceed $1,500.
Source: Earn2Trade
Evaluation
also takes place on demo accounts, after which Earn2Trade provides the
opportunity to become a "Funded Futures Trader.” The company recently
introduced a new evaluation path where the maximum account value is $400,000,
with a maximum drawdown of $20,000.
Like E8
Markets, Earn2Trade also did not have any major issues in the recent chaos of
the prop firm industry. It also has a high Trustpilot rating of 4.7 with 2,100
reviews. However, it does not use MetaQuotes platforms and focuses on
futures trading rather than CFDs.
MyFundedFX, The Cheapest
Challenge
Although
the price difference between the cheapest $5K challenge in E8 Markets and My
Funded FX (MFF) is only $0.4, it has the cheapest evaluation process options in
its offer.
Similar to
its predecessors, the investor can choose from several types of virtual accounts challenges, consisting of one, two, or three consecutive stages.
Available accounts range from $5,000 to $300,000, and trading can be based on
DXTrade, cTrader, and Match-Trader platforms, with MetaTrader 5 also available
for traders outside the USA.
As an
add-on to each challenge, the investor can choose the "profit boost"
or "rapid withdrawal" option, but they increase the fee by 20% each.
Source: MyFundedFX
The company
claims that in 2024 alone, it made over $10 million payouts, with the
highest single payout being nearly $75,000. On Trustpilot it gathered 1,500
reviews and a final score of 4.3.
Unlike its
predecessors, it did not pass through the February turmoil unscathed. A few
months ago, MyFundedFX announced that it had to suspend support for United States clients using the MT5 platform. However, just a week
later, the company informed that it had started migrating accounts to an
alternative platform, opting for DXtrade.
Smart Prop Trader Offers
the Highest Leverage
Smart Prop Trader will certainly be an interesting option for retail investors looking for high financial leverage and the highest allowable drawdown. The
maximum available leverage on FX pairs is 100:1, and the total drawdown with
selected challenges can be up to 12%.
Like
its predecessors, it has a high rating on Trustpilot, scoring 4.7 out of 2500
reviews.
However,
compared to the competition, the profit splits will be more modest, up to 75%. Smart Prop Trader also has the lowest maximum funded account
value of all the compared companies, which is $100,000.
Source: Smart Prop Trader
On the plus
side, the company does not impose a minimum number of trading days to reach the
challenge goal, whereas other companies require a minimum of one to several
days.
Although
Smart Prop Trader had some problems in mid-February due to the suspension of
the MetaQuotes license, it quickly informed about changing the brokers it
worked with and adding new platforms. In the migration, it focused on
integration with cTrader from Spotware Systems.
Which Prop Firm Should You
Choose?
It is difficult to definitively state which prop trading firm offers the best, as each has unique strengths and caters to different types of traders.
For
example, E8 Markets stands out for offering the widest range of account sizes,
from $5K to $400K, giving traders flexibility in choosing the capital they want
to work with. They also provide a high profit split of up to 95%, among the highest in the industry.
MyFundedFX
also offers a wide range of account sizes, from $5K to $300K, with competitive
fees starting at just $33.6. They support multiple trading platforms, including
DXTrade, cTrader, Match-Trader, and MT5 for non-US clients.
On the
other hand, Earn2Trade is unique in its focus on futures trading, making it an
attractive option for traders specializing in this asset class. They offer a
straightforward pricing structure, with fees ranging from $75 to $275 for
account sizes between $25K and $200K.
Smart Prop
Trader stands out for offering the highest leverage among the four firms. This
can be particularly appealing to traders who employ high-risk, high-reward
strategies. Smart Prop Trader also has a straightforward profit target
structure.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Polymarket Rolls Out U.S. App After CFTC Green Light, Starting With Sports Events
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
