FTMO Banned USA Clients – Heres our Top 5 Alternatives (Accepting USA Traders)

ftmo banned usa

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case. Here is the quote from FTMO:

USA update – January 2024:

Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there. Therefore, we have decided to suspend the purchase of the FTMO Challenge for our new and existing US clients (nationals), just as we put a hold on onboarding new US clients. At the same time, we are looking for ways to make FTMO available again to all those interested in trading in the USA. Our existing clients can continue to use the services as normal. Nothing changes for clients, partners and those interested in our services in other markets, as the problem only concerns the specifics of our operations in the US market. Our goal remains that FTMO brings value to everyone interested in trading, taking them at least a step further.

Please note that FTMO does not provide services to persons in/from Iran, Syria, Myanmar and North Korea, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract. In the case of the United States of America, FTMO does not accept clients in Louisiana, South Carolina, Montana, Arkansas, and Delaware.  FTMO also does not accept clients – legal persons, who are company trusts.

Due to regulatory developments and business decisions based on risk management considerations, FTMO does not accept clients in India, the Russian Federation, the Republic of Belarus, the Republic of Indonesia, Cuba, Venezuela, Sudan, and South Sudan.

We do not know when clients are to be accepted again but in the meantime, here are five great alternatives.

Top FTMO Alternative – The Funded Trader

The FUnded Trader ftmo alternative

The Funded Trader are one of the few firms that can manage the massive increase in traders as they have the tech and support ready to go.

TFT offer a range of accounts from $5k to $400k and a choice of 1, 2 or 3 phase challenges. Here are some other great facts about The Funded Trader:

  • Regular Promotions – Get extra perks and discounts by using one of the regular promotions on offer.
  • High Payouts Accepted – This firm has paid many 6-figure payouts with some even receiving over $200k!
  • Choice of Brokers – Choose your favorite broker with TFT as they have three different choices!

Want to learn more? Check out our Top 10 reasons to join The Funded Trader.

Best FTMO Alternative for Live Capital – FunderPro

Funderpro logo

FunderPro are one of the few firms in the industry which offer live capital to their traders, making them more aligned with traditional prop trading.

Thanks to this, traders can be sure the interests are aligned and the company will do their best to help you succeed (or they lose money!) Other perks include:

  • Tradelocker Platform – Trade directly on TradingView with the unique platform, Tradelocker.
  • Daily Payouts – Get paid your profits as much as you like – even everyday!
  • Giveaways – We are currently running a giveaway for free accounts with this firm. Check it out here.

Want to learn more? Check out our full FunderPro Review here.

Promo Code Alert – 20% Off

Get 20% off with our unique promo code “clubfunding2024”. Simply enter it at checkout to pay the discount on any challenge,

Best Budget FTMO Alternative – FundedNext

fundednext ftmo

FundedNext are an Asian-based prop firm with a range of challenge options which start at around $50 for a $6k account.

FundedNext have a large following and regularly updates their services. They also have the fewest country restrictions compared with other prop firms.

  • Regular Promotions – Get extra perks and discounts by using one of the regular promotions on offer.
  • Stellar Challenges – Try the new stellar challenges which allow news trading, expert advisors and feature larger drawdowns.
  • Great Spreads – FundedNext are known to have great spreads, boosting your profitability.

Want to learn more? Read our Stellar challenge review.

Promo Code Alert – Up to 10% Discount!

Use our code at checkout to receive up to 10% discount on any challenge. Code: PTC

Best Reputation next to FTMO – The 5%ers

5%ers link
Click here to head to the 5%ers.

The 5%ers have been around since 2016 and have a great reputation in the industry. Many FTMO fans also follow the 5%ers due to their reliability.

This firm also offers a range of accounts to suit any trader. The lowest starting at just $39 for the high-stakes option.

  • Bootcamp option – Pay the majority of the fee after passing the challenge.
  • Salary for Pros- Prove your skills and scale to up to 100% profit split + receive a fixed salary each month!
  • Fast Scaling – Double your account size at each profit target up to $4m!

Want to learn more? Check out our full review (some parts might be outdated).

Promo Code Alert – 5% Automatic Discount

Use our button below to automatically receive 5% discount on all challenges.

Top Newcomer to Compete with FTMO – Tradiac

tradiac review

Update: New US Traders Currently Suspended Pending Further Info.

The last on this list is Tradiac, a firm which offers some great perks as well as being trusted in the community

This firm is backed by a hedgefund and seeking reliable traders to bring the skills and knowledge to the firm.

  • Large Drawdowns – Get up to 30% overall drawdown with the “brainiac” challenge!
  • Prop Traders Club Favorite – We have a strong relationship with this firm and feel confident recommending them to our members.
  • Checkpoint Feature – Save your scaling progress with the checkpoint feaute.

Want to learn more? Check out our full Tradiac Review.

Promo Code Alert – Claim 15% Discount

Use our code at checkout to receive an extra 10% off your next Tradiac challenge. Code: PTC15

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