FTMO recently relaunched its prop trading services in the US with MT5.
The5ers also relaunched in the country, but with cTrader.
A screenshot of FTMO.OANDA.com (FTMO's US-specific website)
Two major prop firms have recently re-entered the United States – FTMO and The5ers. What makes FTMO’s offering noteworthy is that it is available on the MetaTrader 5 platform, making it the only prop to offer MT5 in the US. The5ers, meanwhile, like many other props, is using cTrader.
Two Giants Re-Enter the US
Both FTMO and The5ers suspended services to US-based traders in early 2024 and relaunched them in recent days. This raises the question: is the US that important for prop firms?
Otakar Šuffner, co-founder and CEO of FTMO
Before suspending services, The5ers generated 15 to 20 per cent of its traffic from the US. Now, the Israeli company expects the country to become one of its top two markets.
FTMO and The5ers are not the only prop firms to resume services in the US. FundedNext, Funding Pips, Bespoke Funding Program, Blue Guardian, and MyFundedFX (now Seacrest Funded) are among several others that were forced to suspend but later returned.
Some brands re-entered within weeks, while others took more than a year.
Prop firms were thriving in the US until the Commodity Futures Trading Commission (CFTC) sued My Forex Funds, forcing it to shut down. The action sent shockwaves through the industry and compelled firms to adopt terms such as “simulated trading” and “virtual funds” on their websites.
FTMO’s US-specific website, a joint domain with OANDA, also uses phrases such as “demo trading”, “simulated platform”, and “rewards”.
The prop industry then suffered another blow in early 2024 when MetaQuotes cracked down on firms offering grey labels of its platforms to US-based traders. This move halted the operations of many props overnight and forced them to seek alternatives.
Most firms relaunched within weeks or months on platforms such as DxTrade, Match-Trader, and cTrader, but they lost the convenience of MetaTrader.
Some props attempted to regain MetaTrader access by registering themselves as brokers in offshore jurisdictions like Comoros and St. Lucia. However, none currently offer MetaTrader in the US, most likely due to MetaQuotes’ restrictions.
MT5 on FTMO
Although FTMO has not specified how it is offering MetaTrader 5 to US traders, it launched its services in partnership with OANDA, a forex and contracts for differences (CFDs) broker. OANDA is among the few forex brokers regulated in the US.
Interestingly, Czech Republic-based FTMO agreed to acquire OANDA from CVC last February. The deal, however, has yet to close as it “remains subject to regulatory approval.”
FTMO clarified that its partnership with OANDA for the US prop trading relaunch is separate from its acquisition deal.
The footer of the US-specific website states that the US-registered FTMO entity is “responsible for the provision of the Evaluation Process (FTMO Challenge and Verification),” while OANDA Corporation is “responsible for the provision of the FTMO Rewards Account (Signal Provider Program)”.
“While certain infrastructure on which FTMO US services are offered is provided by OANDA Corporation,” the website footer added.
Two major prop firms have recently re-entered the United States – FTMO and The5ers. What makes FTMO’s offering noteworthy is that it is available on the MetaTrader 5 platform, making it the only prop to offer MT5 in the US. The5ers, meanwhile, like many other props, is using cTrader.
Two Giants Re-Enter the US
Both FTMO and The5ers suspended services to US-based traders in early 2024 and relaunched them in recent days. This raises the question: is the US that important for prop firms?
Otakar Šuffner, co-founder and CEO of FTMO
Before suspending services, The5ers generated 15 to 20 per cent of its traffic from the US. Now, the Israeli company expects the country to become one of its top two markets.
FTMO and The5ers are not the only prop firms to resume services in the US. FundedNext, Funding Pips, Bespoke Funding Program, Blue Guardian, and MyFundedFX (now Seacrest Funded) are among several others that were forced to suspend but later returned.
Some brands re-entered within weeks, while others took more than a year.
Prop firms were thriving in the US until the Commodity Futures Trading Commission (CFTC) sued My Forex Funds, forcing it to shut down. The action sent shockwaves through the industry and compelled firms to adopt terms such as “simulated trading” and “virtual funds” on their websites.
FTMO’s US-specific website, a joint domain with OANDA, also uses phrases such as “demo trading”, “simulated platform”, and “rewards”.
The prop industry then suffered another blow in early 2024 when MetaQuotes cracked down on firms offering grey labels of its platforms to US-based traders. This move halted the operations of many props overnight and forced them to seek alternatives.
Most firms relaunched within weeks or months on platforms such as DxTrade, Match-Trader, and cTrader, but they lost the convenience of MetaTrader.
Some props attempted to regain MetaTrader access by registering themselves as brokers in offshore jurisdictions like Comoros and St. Lucia. However, none currently offer MetaTrader in the US, most likely due to MetaQuotes’ restrictions.
MT5 on FTMO
Although FTMO has not specified how it is offering MetaTrader 5 to US traders, it launched its services in partnership with OANDA, a forex and contracts for differences (CFDs) broker. OANDA is among the few forex brokers regulated in the US.
Interestingly, Czech Republic-based FTMO agreed to acquire OANDA from CVC last February. The deal, however, has yet to close as it “remains subject to regulatory approval.”
FTMO clarified that its partnership with OANDA for the US prop trading relaunch is separate from its acquisition deal.
The footer of the US-specific website states that the US-registered FTMO entity is “responsible for the provision of the Evaluation Process (FTMO Challenge and Verification),” while OANDA Corporation is “responsible for the provision of the FTMO Rewards Account (Signal Provider Program)”.
“While certain infrastructure on which FTMO US services are offered is provided by OANDA Corporation,” the website footer added.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
Claude Powers Nine of Ten Broker AI Agents That Now Trade Live Accounts
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
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-Insight into how timing, execution quality, and market structure shaped the final result
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-How crypto and blockchain can enable broader participation beyond traditional financial systems
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-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
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-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
