Closed and exited prop firms
Firms that stopped selling evaluations, shut down or exited the market, with the date and the sources we rely on. We only list events backed by a source; a firm being removed from our comparison is not, on its own, evidence that it closed.
| Firm | Date | Status | What happened | Sources |
|---|---|---|---|---|
| Nexgen ProTrader Funding | 2026-10-01 | closed | Nexgen ProTrader Funding announced that it was permanently ceasing operations at 5:00 PM ET on 1 October 2026, citing financial insolvency after losing credit card processing in August 2026. The statement was published by the trade outlet The Godfunded on 2 October 2026, which attributes it to the firm; we could not open the firm's own site (the domain did not resolve on 2026-10-18), so the details below are as relayed by that outlet. Per that report, the firm stopped selling evaluations, funded accounts and resets, disconnected data, disabled all accounts and closed its Discord. It said remaining funds do not cover all approved payouts and that traders with pending payouts were offered a settlement for a percentage of the amount owed. Evaluation fees were to be refunded only after a final review of which accounts qualify; Semi-Live holders were offered a complimentary account at another firm. | [1] |
| FundedSeat | 2026-09-28 | closed | Announced on 28 September 2026 that it was closing operations, citing limitations from major trading platforms that prevented the growth it needed. It stated that active accounts would be refunded and that pending withdrawals and positive live balances would be paid out. | [1] |
| The Futures Desk | 2026-04-01 | acquired | Topstep announced on 1 April 2026 that it had acquired The Futures Desk (TFD); TFD's co-founders joined Topstep and TFD's technology is being integrated into TopstepX. The announcement does not say whether the TFD brand or programs continue. TFD's Trustpilot company profile states 'Now a part of Topstep', and its website footer names 'TS TFD Buyer, LLC' and Topstep Brokerage as an affiliate, while the site still shows its evaluation offer without published plan prices (checked 2026-10-18). Individual Trustpilot reviewers report accounts being terminated or migrated after the sale; these are unverified user claims. | [1][2][3][4] |
| OANDA Prop Trader | 2026-03-02 | merged | On 2 March 2026 OANDA announced the transition of OANDA Prop Trader into the FTMO Group, which had acquired OANDA in 2025. Clients were offered migration to FTMO's platform, with the formal transition period stated to end on 31 March 2026, and clients who declined were to receive refunds where applicable. | [1][2] |
| Seacrest Markets | 2026-02-06 | closed | Announced in early February 2026 that it was shutting down its prop trading business (previously MyFundedFX, rebranded SeacrestFunded in 2025) to focus on CFD brokerage. All prop trading accounts and open positions were to close on 6 February 2026. It stated that active, unbreached challenge accounts could request a refund and funded account holders a final payout, with requests due by 28 February 2026. | [1] |
| FundingTicks | 2026-01-18 | closed | The futures arm of FundingPips; announced on 18 January 2026 that it was winding down operations as a strategic decision. It stated that evaluation and master accounts would be fully refunded and set out reward terms for funded accounts, with support available until 31 January. | [1][2] |
| Ascetic Capital | 2024-12-03 | closed | Announced on 3 December 2024 that it was closing and issuing refunds, stating that its late-November launch fell short of expectations, with four challenges sold in its first week. | [1] |
| Smart Prop Trader | 2024-11 | closed | Announced that, as of 27 November 2024, it would no longer onboard new traders and that operations would stop on 29 December 2024. It stated that regular payout schedules would continue until that date and that November 2024 account holders at break-even or above would receive full refunds. | [1] |
| Astra Capital Funding | 2024-09-22 | closed | The firm's website carried a notice that Astra Capital Funding would be closing permanently as of 22 September 2024. Trade press reported the shutdown as following a Twitter exposé. | [1][2][3] |
| Funded Friends | 2024-09 | acquired | Announced around 28 September 2024 that it would cease operations and be acquired by TradingFunds. It stated that active account holders would receive full refunds and TradingFunds vouchers, and that profits on funded accounts would be paid out; financial terms were not disclosed. | [1] |
| Funds For Traders | 2024-08-15 | closed | Announced on 15 August 2024 that it was ceasing operations as of that day, stating that Eightcap had informed it that it would no longer support MetaTrader 4 and MetaTrader 5 for prop trading. It said traders with active challenges would be contacted and supported. | [1] |
| Glow Node | 2024-08 | acquired | Acquired by Sway Funded in August 2024. Active accounts were to be migrated to the Sway Funded platform, with open positions to be closed ahead of the migration and pending payouts stated to be processed on migration. The firm's own website displayed a notice that purchases and trading were paused and that accounts would be migrated. | [1][2] |
| Karma Prop Traders | 2024-08 | suspended | Announced a suspension of its operations around 10-11 August 2024. The founder described the business as unsustainable, citing a delayed technology solution and risk checks that were not implemented correctly after launch. | [1] |
| My Flash Funding | 2024-07-22 | acquired | Announced on 22 July 2024 that it was acquired by Sway Funded, with clients migrated to Sway Funded, which took responsibility for paying pending payouts. Clients were asked to close all positions by 24 July 2024. The brand reportedly continued as an educational hub rather than providing trading services. | [1] |
| Funded Engineer | 2024-07-15 | closed | Announced the permanent closure of its operations, effective immediately, on 15 July 2024, and stated that it would be filing for bankruptcy. The announcement said efforts to stabilise its finances, including restructuring and cost-cutting, had not succeeded; the report notes it did not say what would happen to pending payouts. | [1] |
| True Forex Funds | 2024-05 | closed | Reported on 13 May 2024 to have ended its services, citing financial insolvency and an inability to improve its financial situation. | [1] |
| Nostro | Not dated | closed | The official Nostro website states that Nostro has officially closed after about three years and is no longer operating or accepting new customers. The notice says Nostro is now part of FunderPro, that existing traders' accounts have moved to FunderPro, and that customers should check their email for migration details. No closure date, refund terms or payout terms are given on the page. | [1] |
How to protect yourself
Closures and sudden rule changes are the biggest risk in retail prop trading, because evaluation fees and unpaid profits are rarely recoverable. Spread purchases across firms, withdraw profits when you can, and check each firm’s trust signals and incident history before you buy.
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