Prop firm directory
Prop firms that closed or stopped paying
18 prop firms that shut down, paused or ran into payout trouble since 2023, with the date, what the firm said, and what was said about traders' money. Every entry links to a public report; the list was last checked on 11 Nov 2026.
A challenge fee buys a test, not a deposit. When a firm closes, fees and unpaid profits are rarely protected. How long a firm is likely to last matters as much as its rules.
| Firm | When | What happened | Traders' money | Source |
|---|---|---|---|---|
| Nexgen ProTrader Funding Closed Futures |
1 Oct 2026 | Stopped all sales and trading on 1 October 2026. The firm said it ran out of money after losing its card payment processing in August. | Part only Said its remaining cash would not cover every approved payout, so it offered traders a percentage settlement instead. |
PropScorer, Oct 2026 SaveOnPropFirms history |
| FundedSeat Closed Futures |
28 Sept 2026 | Announced its closure after two years, saying limitations from big trading platforms had held back its growth. | Refunds promised Said active accounts would be refunded, and pending withdrawals and positive live balances paid. |
Finance Magnates, 29 Sep 2026 |
| Rev One Trading Closed Futures |
Aug 2026 | Its founder said in August 2026 that the firm had been shut down because it lacked a top trading platform to grow on. | Not stated Not stated in the report. |
Finance Magnates, 21 Aug 2026 |
| ATFunded (ATFX) Paused |
6 Jun 2026 | The prop trading arm of broker ATFX paused operations for a full review of whether its models could last. | Refunds promised ATFX said active account holders would get full refunds and pending payouts would be paid. |
Finance Magnates, 6 Jun 2026 |
| Seacrest Funded (formerly MyFundedFX) Closed |
6 Feb 2026 | Seacrest Markets ended its prop trading business to concentrate on its CFD brokerage. Accounts were closed on 6 February 2026. | Refunds promised Offered fee refunds for active, unbreached challenges and final payouts for funded accounts, on request by 28 February 2026. |
Finance Magnates, 4 Feb 2026 |
| FundingTicks Closed Futures |
18 Jan 2026 | Announced a wind-down in January 2026, weeks after rule changes in December 2025 drew a backlash from traders. | Refunds promised Said active evaluation and Master accounts would be refunded in full, with set payouts for live accounts. |
Finance Magnates, 19 Jan 2026 |
| Propel Capital Closed |
Aug 2025 | UK firm that shut down about 14 months after launch. Its chief executive said it could not match rivals' prices without selling evaluations at a loss. | Part only Promised refunds only to clients who qualify. |
Finance Magnates, 19 Aug 2025 |
| Funded Unicorn Closed |
Jul 2025 | German firm that closed, blaming massive losses and bureaucratic hurdles. | Not stated Not stated in the report. |
Finance Magnates, 3 Jul 2025 |
| Smart Prop Trader Closed |
29 Dec 2024 | Stopped taking new traders on 27 November 2024 and said it would stop operating on 29 December 2024. | Not stated Not stated in the report. |
Finance Magnates, 28 Nov 2024 |
| Funded Friends Taken over |
Sep 2024 | Announced it would cease operations and be acquired by a competitor, TradingFunds. | Not stated Not stated in the report. |
Finance Magnates, Sep 2024 |
| Funds For Traders Closed |
Aug 2024 | Told users it was shutting down after its broker, Eightcap, stopped supporting MetaTrader 4 and 5 for prop firms. | Not stated Said users with active challenges would be contacted and supported. |
Finance Magnates, Aug 2024 |
| Indigo Trader Funding Closed |
Aug 2024 | Ceased operations and filed to be struck off the UK company register. | Not stated Not stated in the report. |
Finance Magnates, Aug 2024 |
| Karma Prop Traders Closed |
Aug 2024 | Suspended operations two months after launch, citing liquidity problems. Its owner later said a sale was in advanced negotiations. | Not stated Not stated in the report. |
Finance Magnates, 19 Aug 2024 |
| Funded Engineer Closed |
15 Jul 2024 | Announced its permanent closure, effective immediately, and said it would file for bankruptcy. | Not stated Said nothing about pending payouts, only that its advisers would deal with outstanding matters. |
Finance Magnates, 15 Jul 2024 |
| SurgeTrader Closed |
24 May 2024 | Closed and ceased all operations after Match-Trade Technologies ended its trading platform licence. | Not stated Not stated in the report. |
Finance Magnates, 26 May 2024 |
| True Forex Funds Closed |
13 May 2024 | Stopped all operations and said it would close for good because of financial insolvency, three months after losing its MetaTrader licences. | Not stated Not stated in the report. |
Finance Magnates, 13 May 2024 |
| The Funded Trader Stopped, later back |
Mar 2024 | Suspended all payouts in March 2024 for what it called an internal audit, then halted operations. It later came back online. | Not stated The firm confirmed the payout suspension after many customers complained of denied payouts. |
Finance Magnates, 14 Mar 2024 Finance Magnates, 21 Aug 2026 |
| My Forex Funds Regulator action |
Aug 2023 | US regulator the CFTC sued the firm over alleged fraud in August 2023 and its assets were frozen, which stopped the business. A US court dismissed the complaint with prejudice on 13 May 2025 and ordered the CFTC to pay legal fees. | Not stated Accounts stopped when the assets were frozen. In October 2025 the firm said updates on a return would follow. |
Finance Magnates, 14 May 2025 Finance Magnates, 6 Oct 2025 |
What the labels mean
- Closed: the firm said it had stopped for good, or its site went offline and trade press reported the closure.
- Paused: the firm stopped selling or trading and said it was reviewing the business.
- Taken over: another company took on the brand or its traders.
- Stopped, later back: the firm halted payouts or trading, then returned. Its history stays here.
- Regulator action: a regulator or court stopped the business. We give the outcome of the case where there is one.
- Refunds promised, Part only, Not stated: what the firm said would happen to fees and unpaid profits. We can't confirm that every trader was paid.
If your firm closes
- Save your dashboard, payout requests, emails and statements straight away. Sites often go offline within days.
- Follow the firm's own closure notice for refund and payout forms, and note any deadline.
- If you paid by card and got nothing for it, ask your card provider whether a chargeback is possible. Time limits apply.
- Don't pay anyone who offers to recover the money for a fee.
This is general information, not legal advice.
How this list is kept
A firm is added only when a named public source reports it: the firm's own notice, a regulator or court, or trade press. We describe what was reported and don't guess at reasons. It isn't every firm that has ever closed: trade press estimates that 80 to 100 disappeared in 2024 alone, most of them too small to be reported one by one.
Know of one we've missed, or something we've got wrong? Tell us and include a link.