The Prop Firm Graveyard

Closed by its founder — The Funded Trader's Angelo Ciaramello — citing the lack of a top platform partner and inability to scale

Rev One Trading, the futures firm launched by The Funded Trader founder Angelo Ciaramello, was closed as of 21 August 2026, with Ciaramello pivoting to prediction markets. He blamed the lack of a top-tier platform partner. Traders were left without clarity on payouts or account status — the second closure on this page tied to the same founder.

Trader money: The closure announcement gave no information on outstanding payouts, subscriptions or customer obligations.

Finance Magnates — TFT founder closes futures prop firm

Closed its Premium Plan and, per its own announcement, did not honour pending Premium payouts; NinjaTrader terminated its platform agreement the same day

On 12 July 2026 Alpha Futures announced the closure of its Premium Plan, refunding those accounts while explicitly not honouring payouts already earned under them — by its own statement, the plan had paid out $25M+ in its final two months. The same day, NinjaTrader terminated its Tradovate agreement with the firm. PropFirmMatch and other comparison sites — this one included — delisted it immediately. As of August 2026 the firm still operates other plans on its own platform: this is a documented partial payout default, not a completed shutdown, which is exactly why it stays on this page.

Trader money: Premium accounts were refunded and closed, but pending Premium payouts were voided — hitting traders who had passed in good faith.

PropFirmMatch — delisting announcementMondoTraders — Premium Plan closure explainerPropFirmMatch — unlisted-firm page

Website went offline amid widespread unpaid-profit reports; exit-scam allegations (unproven — the firm simply disappeared)

Nova Funding's domain went offline around February 2026 with no closure announcement at all. It had accumulated thousands of one-star Trustpilot reviews alleging failed payouts and blocked accounts. The disappearance without any wind-down left every trader claim unresolved. The allegations remain unproven — no regulator has acted publicly — but the pattern speaks for itself.

Trader money: Thousands of reviews allege unpaid profits, blocked accounts and dead support; no resolution or announcement ever came.

Vetted Prop Firms — Nova Funding appears to shut down (Feb 2026)

Parent broker Seacrest Markets closed all prop operations to focus exclusively on its regulated CFD brokerage

MyFundedFX was one of the largest CFD prop firms — 500,000+ traders and $56M+ paid out since June 2022 — before rebranding to SeacrestFunded under broker Seacrest Markets in 2025. On 6 February 2026 Seacrest terminated all prop accounts and exited the prop business entirely, with analysts pointing at the unsustainable economics of paying consistently profitable evaluation traders. Not a scandal — a giant concluding the business model wasn't worth it, which is its own kind of warning. (Its separately-run futures namesake, MyFundedFutures, continues operating normally.)

Trader money: An orderly exit: final payouts processed and full challenge-fee refunds offered for active unbreached accounts through 28 February 2026.

Finance Magnates — Seacrest ends prop trading, shifts to CFDsVetted Prop Firms — Seacrest exits prop after MyFundedFX integration

Wound down after December 2025 retroactive rule changes — 1-minute hold limits, cut splits, voided profits — triggered mass backlash

In December 2025 FundingTicks introduced drastic retroactive changes — a one-minute holding limit, reduced splits, and cancellation of previously earned profits and passed evaluations. Its Trustpilot collapsed from 4.1 to 3.2 in weeks, and on 18 January 2026 the firm announced it was winding down, with support only through month-end. The CEO cited $220M+ in lifetime payouts; traders disputed the adequacy of the refunds (reports as low as $59 on a $50K funded account). A textbook case of a firm managing its liabilities by rewriting the rules.

Trader money: The firm said all evaluations and funded accounts were refunded in full; traders reported refunds far below account value.

Finance Magnates — FundingTicks begins winding downProp Trader Edge — behind the FundingTicks shutdown

Announced closure citing fierce price competition; UK filings showed ~£3K assets against £150K+ liabilities

UK firm Propel Capital folded on 19 August 2025 after 14 months. Its CEO blamed the volume of competitors cutting prices and loosening rules — a rare on-the-record admission that the industry's discount war kills its weakest players. Companies House filings from December 2024 already showed the firm deep in net liabilities while it was still selling challenges.

Trader money: Refunds were promised only to clients 'who qualify'; all trading and payment processing halted immediately.

Finance Magnates — Propel Capital folds after 14 months

Announced closure after sustained payout complaints; the Discord was disabled and the domain stopped resolving

Ghana-based Express Funded, which marketed accounts up to $1M with a 90% split, announced its closure in August 2025 after months of payout complaints. Its Discord was disabled and the website no longer resolves. No refund process was publicly documented.

Trader money: Payout complaints preceded the shutdown and were left unresolved when the site went offline.

MyPropGenius — closed-firms transparency reportTradingFinder — Express Funded site offline

Serial rebranding through payout complaints; the third identity announced shutdown on 14 August 2025

Bespoke Funding Program drew mounting payout complaints, rebranded to The Prop Vault, which was absorbed by House of Leverage in July 2025 — which then emailed customers on 14 August 2025 that it was shutting down. Three names, one unresolved liability chain. When a struggling firm rebrands, the debts don't.

Trader money: Delayed and denied payout complaints persisted across all three brand identities and were never publicly resolved.

MyPropGenius — closed-firms transparency reportTraders Union — the Bespoke rebrand chain

Cited a cyber attack followed by bankruptcy

Xpert Funding shut down in 2025 after what it described as a cyber attack that pushed it into bankruptcy. Unusually for this page, most pending payouts — reportedly ~95% — were completed before wind-up. The exact closure month is not firmly documented.

Trader money: Roughly 95% of pending payouts were reportedly completed before wind-up; the remainder went to bankruptcy review.

MyPropGenius — closed-firms transparency report

Announced a 45-day suspension to build a 'new dashboard' — and never returned

On 6 December 2024, Funded Nation's CEO announced a 45-day operations pause for a dashboard upgrade — with payouts already delayed. The firm never came back: by mid-2025 its website displayed a hosting suspension error and no payouts had resumed. No formal closure was ever announced. 'Temporary pause' with frozen payouts is a pattern worth memorising.

Trader money: Payouts frozen before the suspension were never processed; the site later showed an account-suspension error.

Finance Magnates — Funded Nation suspends operations for 45 days

Announced an orderly wind-down, calling the post-MetaTrader market unsustainable

Smart Prop Trader announced in November 2024 that it would cease operations on 29 December 2024 — and then actually ran a structured exit. Traders kept earning payouts until year-end and break-even-or-better accounts got refunds. It's on this page because it died; it's near the bottom of the shame ranking because of how. This is what a firm that respects its traders looks like on the way out.

Trader money: One of the cleanest exits on record: payouts honoured through 29 December 2024, with refunds for break-even-or-better accounts.

Finance Magnates — closure in a year that saw 50+ firms shutterfxprop — Smart Prop Trader sets December exit date

Ceased operations after ~6 months amid payout-manipulation allegations (unproven); leadership deleted its social accounts

Futures firm Fast Track Trading launched in mid-2024 with ultra-cheap instant funding and was dead by 7 November 2024. Traders were locked out of accounts with millions reportedly owed, and community investigations alleged falsified payout data — allegations never tested in court. The CEO deleted his X account; the firm's Discord, website and socials went dark. Six months from launch to grave remains the record among larger names.

Trader money: Traders were locked out with millions in payouts reportedly outstanding; the CEO claimed active accounts would be refunded.

FundedTrading — what happened at Fast Track TradingNexusFi forum — FTT has ceased operations

Announced closure saying it had 'failed in this business endeavour'; filed for UK company strike-off

UK-based Indigo Trader Funding vanished from Discord and social media in August 2024, fuelling trader panic. It applied for a UK strike-off on 12 August 2024 and confirmed the shutdown on 20 August — a day after its name was removed from the company registry. Outstanding complaints were never resolved.

Trader money: Payout disputes and complaints were left unresolved; the company was removed from the UK registry.

Finance Magnates — Indigo Trader Funding confirms shutdown

Denied and adjusted payouts after blaming 'data feed issues'; suspended by comparison sites, then absorbed by Sway Funded

MyFlashFunding's troubles started with the February 2024 MetaQuotes license suspensions. On 1 May 2024 it reported data-feed issues, then denied and adjusted trader payouts, prompting PropFirmMatch to suspend its listing. In July 2024 it was acquired by Sway Funded; clients were migrated on 24 July and the brand stopped operating as a trading service.

Trader money: Weeks-long pending payouts were transferred to acquirer Sway Funded, which took responsibility for paying them.

Finance Magnates — struggling MyFlashFunding acquired by Sway FundedFX News Group — suspended from PropFirmMatch for denying payouts

Bankruptcy after technology provider FPFX revoked its license citing fraud allegations, and it lost its broker

Funded Engineer shut down on 15 July 2024 after roughly 15 months in business. Its troubles began that February when tech partner FPFX Technologies revoked its license citing fraud allegations, and the MetaQuotes crackdown cost it its brokerage relationship. The closure announcement said nothing about pending payouts — trader claims were routed into bankruptcy, where simulated-trading 'profits' have uncertain legal standing.

Trader money: Pending payouts were unaddressed at shutdown; account access ended immediately and claims went into bankruptcy.

Finance Magnates — Funded Engineer shuts down

Ceased operations a week after Match-Trader terminated its platform license over compliance concerns

US-based SurgeTrader migrated to Match-Trader after the early-2024 MetaQuotes crackdown, but Match-Trade Technologies terminated its license citing 'justified compliance concerns.' SurgeTrader disputed the reasoning, then announced full closure on 24 May 2024 — one week after disclosing the license loss, with no wind-down period for funded traders.

Trader money: The abrupt closure left owed payouts unresolved; no public accounting of what was repaid.

Finance Magnates — SurgeTrader shuts down after losing license

Suspended all payouts and operations citing a self-imposed audit, after a failed platform migration and $2M+ in denied payouts

After MetaQuotes' crackdown forced a botched DXtrade migration, The Funded Trader (80,000+ accounts) suspended payouts in March 2024 citing an internal audit, then paused all operations on 28 March. It resurfaced about five months later and gradually reactivated accounts — later reporting 25,513 accounts reactivated but only 459 payouts (~$378K) actually paid from them. As of 2026 it operates again, offshore, with a 2.9/5 Trustpilot score and recurring payout-delay complaints.

Trader money: Payouts halted March 2024; the backlog cleared only partially, in tranches, through 2024–2025 — larger accounts waited longest.

Finance Magnates — TFT suspends payouts citing auditFinance Magnates — TFT pauses all operationsThe Funded Trader on X — reactivation and payout stats

Suspended operations the same day as sister brand The Funded Trader — both run by Easton Consulting Technologies

Skilled Funded Traders ceased operations on 28 March 2024, the same day The Funded Trader paused — both were Easton Consulting Technologies brands hit by the MetaTrader exodus and failed migrations. A former co-founder publicly blamed Easton's lack of transparency. Unlike its sister, it never came back.

Trader money: Payout delays preceded the shutdown; obligations were never publicly resolved.

Finance Magnates — Easton-controlled SFT suspends operations

Went dark without any announcement amid mounting payout complaints

Cyprus-registered Fidelcrest was one of the oldest evaluation firms, operating since 2018 — proof that age is no guarantee. Around March 2024 it simply went dark: support stopped responding, payout complaints piled up, and its homepage was eventually replaced with unrelated content. It also faced a lawsuit from technology partner FPFX. It never published a closure statement, leaving all trader claims in limbo.

Trader money: Support went silent with no payout resolution; no wind-down or refund process was ever announced.

Trader Notion — prop firms that shut down 2023–2026Trustpilot — Fidelcrest reviews documenting unpaid withdrawals

Lost its broker when Eightcap terminated all prop-firm services under MetaQuotes pressure

UK-based Glow Node was one of several firms orphaned when Eightcap cut brokerage services to all prop firms at the end of February 2024. It never rebuilt a stable independent operation and was eventually acquired by Sway Funded, with account migration beginning August 2025.

Trader money: Operations were disrupted through 2024–2025; remaining active accounts migrated to acquirer Sway Funded from August 2025.

Finance Magnates — Eightcap terminates services for prop firmsTraders Union — Glow Node status

Closed after Eightcap withdrew brokerage services from all prop firms

Funds for Traders could not survive Eightcap's February 2024 exit from prop-firm services during the MetaQuotes crackdown. It shuttered in early 2024 without ever securing an alternative broker.

Trader money: Closed abruptly with payouts owed; no public resolution.

FinanceFeeds — Funds for Traders closes as Eightcap pulls plug

MetaQuotes terminated its MT4/MT5 licenses without warning; declared insolvency and permanent closure in May 2024

On 6 February 2024 MetaQuotes cut True Forex Funds' MetaTrader licenses, freezing all trading instantly. The Hungarian firm first promised a relaunch within weeks, but on 13–14 May 2024 declared permanent closure, stating it was financially insolvent. Some traders recovered money via chargebacks; no acquisition or relaunch ever materialised. The first major grave of the MetaQuotes crackdown.

Trader money: Roughly $1.2M owed to ~300 traders was never paid; the firm said insolvency made payouts and challenge-fee refunds impossible.

Finance Magnates — True Forex Funds shuts downFX News Group — shut down by MetaQuotes move

Shut down by CFTC/OSC fraud allegations — a case later dismissed with prejudice, with the CFTC itself sanctioned

The CFTC and Ontario Securities Commission shut down Traders Global Group (My Forex Funds) in August–September 2023, alleging a $300M+ fraud. Then the case collapsed: in May 2025 a US federal judge dismissed it with prejudice citing misconduct by agency staff, and ordered roughly $3.1M in sanctions against the CFTC. Client assets were unfrozen, the firm began returning funds and issuing overdue payouts in 2026, and a public comeback roadmap exists — though a full relaunch wasn't confirmed as of mid-2026. The industry's biggest shutdown is also its strangest: the firm was legally vindicated, but traders still waited two and a half years.

Trader money: All funds frozen September 2023; assets unfrozen after the May 2025 court win, and overdue payouts began flowing in 2026.

Finance Magnates — court dismisses CFTC case, imposes sanctionsFX News Group — MFF begins returning client fundsFinance Magnates — 2025–2026 return roadmap