Closed firms
Firms that didn't make it.
- October 2026Closed
Tradeify 24/7
New purchases of Tradeify 247 accounts, add-ons and promo plans are closed; existing accounts keep trading and can request payouts. The brand is being replaced by Tradeify Perps, which is only a waitlist so far.
Source - Sep 28, 2026Closed
FundedSeat
The futures-focused firm, founded about two years earlier, announced its closure on 28 September 2026, blaming limitations from the large trading platforms. It said all active accounts would be refunded and pending withdrawals and positive live balances paid out.
Finance Magnates - August 2026Closed
Rev One Trading
Angelo Ciaramello, founder of The Funded Trader, said the futures prop firm had shut down the previous week because it lacked a strong enough trading platform to grow. The announcement gave no information on active subscriptions or outstanding payouts.
Finance Magnates - August 2026Closed
Vault Funder
Permanently closed: evaluations, funded accounts, competitions and affiliate programmes have ended, and the platform no longer accepts registrations, purchases or payments. Active accounts are being refunded and earned unwithdrawn profit paid out via a claim form.
Source - Jun 7, 2026Paused
ATFunded (ATFX)
ATFX's prop unit stopped operating, describing it as a pause while it reviews the business, and put MT5 into close-only mode. Customers with active accounts were promised full refunds and funded traders with eligible profits were to be paid under the firm's rules, with details of timing to follow.
FX News Group - March 2026Closed
OANDA Prop Trader
Program wound down; traders were moved to FTMO or refunded, with migration running 2-31 March 2026.
Source - Feb 4, 2026Closed
SeacrestFunded (formerly MyFundedFX)
Seacrest Markets said it was ending its CFD prop trading business to focus on its CFD brokerage. Prop accounts and open positions were closed on 6 February 2026, with refund and final-payout requests due by 28 February; the separate MyFunded Futures product was still running at the time.
Finance Magnates - Jan 19, 2026Closed
FundingTicks
Announced a full wind-down after backlash to December 2025 rule changes, which included a one-minute minimum hold for scalpers, higher daily profit requirements and reduced profit splits. Active evaluations and Master accounts were refunded in full; live accounts got a refund plus a share of profit and 20% of the initial balance depending on their status.
Finance Magnates - May 2025Closed
Ryze Funding
The UK company behind the brand, Ryze Funding Ltd, was dissolved on 20 May 2025 and the firm's domain is parked.
UK Companies House record - Nov 28, 2024Closed
Smart Prop Trader
Stopped onboarding new traders and said it would wind down by the end of 2024. Existing traders could keep trading until 29 December with normal payouts, and November 2024 buyers at break-even or above were offered full refunds.
Finance Magnates - Aug 21, 2024Closed
Indigo Trader Funding
The UK firm confirmed it had ceased trading after going quiet on Discord and social media. It had applied to be struck off the UK company register on 12 August and was removed on 20 August, and said any funds held by its operating partners would go toward refunding active paid accounts.
Finance Magnates - Jul 15, 2024Closed
Funded Engineer
The Dubai-based firm announced a permanent closure effective immediately and said it would file for bankruptcy. It blamed the loss of its technology partner and then its brokerage partner, and did not say what would happen to pending payouts.
Finance Magnates - May 24, 2024Closed
SurgeTrader
The Florida-based firm said on 24 May 2024 that it had closed, about a week after Match-Trade Technologies terminated its Match-Trader licence. SurgeTrader said it saw no justification for the termination; Match-Trade cited unmet contract obligations and compliance concerns.
Finance Magnates - May 13, 2024Closed
True Forex Funds
Announced that it had stopped all operations and would close permanently, citing financial insolvency. This followed an earlier plan to relaunch after MetaQuotes allegedly terminated its MT4 and MT5 licences.
Finance Magnates - Apr 18, 2024Reopened
The Funded Trader
The website returned after the 21-day blackout, but Finance Magnates could not tell whether the firm was fully operational: crypto payments were unavailable and its social channels had not announced a relaunch. Some traders reported accounts marked as breached during the downtime.
Finance Magnates - Mar 28, 2024Paused
The Funded Trader
Said it was temporarily pausing all operations and promised a relaunch with a somewhat different look, after complaints about denied payouts and an earlier payout freeze that it described as an internal audit. Its site showed a 21-day countdown that the firm did not explain.
Finance Magnates - Sep 1, 2023Closed
My Forex Funds
Ontario's securities regulator issued a temporary cease-trade order against the operator, Traders Global Group Inc., and its principal, saying it was investigating possible fraud, unregistered trading and illegal distribution of securities. The same day the US CFTC announced a fraud complaint against the firm in federal court in New Jersey. Finance Magnates reported in October 2025 that the court had dismissed the CFTC case with prejudice; the firm had not resumed selling evaluations when we checked.
OSC news release
Warning signs we watch for
- Payout requests that start taking much longer, or new rules added just before payouts.
- Sudden huge discounts or new account types launched to raise cash quickly.
- Changes to the platform or data provider with little notice.
- No published company details, terms or restricted-country list.
See rule changes for what firms have changed recently.