Closed and shut-down prop firms
These 16 prop firms have shut down or stopped selling challenges between 2021 and 2026. Each row gives the date, what happened according to the sources, and links. 1 involved a regulator or court (MyForexFunds). Closed firms are not rated and have no offers or buy links on PropAnalyse.
| Firm | Closed | What happened | Sources |
|---|---|---|---|
| FORFX's website says 'FORFX Has Permanently Closed ... FORFX has ceased all operations', effective June 2026. | 1 2 | ||
| According to Finance Magnates (4 Feb 2026), Seacrest Markets closed its prop-trading operations, with all prop accounts and open positions closed on 6 Feb 2026, to focus on its CFD brokerage. Seacrest Markets' own website now says it 'is no longer operating'. | 1 2 3 4 | ||
| FundingTicks' website says 'as a strategic decision, we are winding down FundingTicks' operations'. Finance Magnates reported the wind-down on 19 Jan 2026, after a backlash over retroactive rule changes in Dec 2025. | 1 2 3 | ||
| The firm's own page says 'Vault Funder is permanently closed' and 'The service will not reopen'. The page gives no closure date. | 1 2 | ||
| We found no closure announcement from the firm. Its domain no longer resolves, Trustpilot says the company's website has closed, and trade sites reported in Dec 2025 that the site had gone offline 'suggesting firm shutdown'. | 1 2 3 | ||
| On 19 Aug 2025, CEO Mitchell Ali posted on X that he had decided 'to wind down Propel Capital as you know it'. He cited heavy competition and said the firm would 'remove ourselves from the market with immediate effect', according to FX News Group. | 1 | ||
| On 3 Dec 2024 the firm announced on X that 'we announce the closure of Ascetic Capital'. It said it had 'only made four sales' in its first week and was 'refunding everyone', per Finance Magnates. | 1 2 | ||
| The firm announced on X that 'As of November 27, 2024, Smart Prop Trader will no longer onboard new traders'. Finance Magnates reported that operations would stop on 29 Dec 2024. | 1 2 3 | ||
| On 15 Aug 2024 the firm posted an 'Official Closure of Funds For Traders' notice, quoted by FX News Group, saying it was 'ceasing all operations'. It said this followed Eightcap's decision to stop supporting MT4/MT5 for prop trading. | 1 2 | ||
| In an 'Announcement of Ceasing Operations' quoted by FX News Group on 15 Jul 2024, Funded Engineer announced 'the permanent closure of Funded Engineer' and said it 'will be filing for bankruptcy'. | 1 2 3 | ||
| In a client email quoted by FX News Group (5 Jul 2024), the firm said it would 'formally begin the process of winding down our operations, with the goal of permanently closing', and that plan purchasing had been disabled. | 1 2 | ||
| The firm's website notice, quoted by FX News Group, said that as of 24 May 2024 SurgeTrader 'has closed and ceased all operations'. It said it had been unable to resolve the termination of its trading platform with Match-Trade Technologies. | 1 2 | ||
| On 29 Mar 2024 the firm replaced its website with a notice that it 'has temporarily ceased all operations, including new purchases, effective immediately', according to FX News Group. We found no source showing it resumed, and the domain is now listed as an expired domain for sale. | 1 2 | ||
| FX News Group reported on 6 Feb 2024 that the firm had stopped operating after MetaQuotes terminated its MT4/MT5 licences. The firm's own website now says it 'has ceased all operations and will be closing permanently due to financial insolvency'. | 1 2 3 | ||
| Operations stopped on 29 Aug 2023 when a US court froze assets on the CFTC's application and the Ontario Securities Commission issued a temporary cease-trade order. The CFTC case was later dismissed with prejudice as a sanction against the CFTC (order of 13 May 2025); no court made a finding of fraud. The brand has not sold challenges since, and its website announces a relaunch on 23 Nov 2026. | 1 2 3 4 | ||
| In Sept 2021, Funding Talent announced it was 'permanently removing Challenge as a Funding Talent program offering'. By Dec 2021 it said it would 'formally depart from the prop firm community'. Trustpilot now says the company's website has closed. | 1 2 3 |
Sources are linked by number; each firm page quotes them. We report what the sources say and do not make findings of our own. Firms with live warning signs are on the caution list. Something wrong or out of date? Ask for a review.
Firm pages
- Is FORFX shut down?Closed June 2026
- Is Seacrest Funded shut down?Closed 6 Feb 2026
- Is FundingTicks shut down?Closed 18 Jan 2026
- Is Vault Funder shut down?Closed 2026
- Is Traders With Edge shut down?Closed December 2025
- Is Propel Capital shut down?Closed 19 Aug 2025
- Is Ascetic Capital shut down?Closed 3 Dec 2024
- Is Smart Prop Trader shut down?Closed 27 Nov 2024
- Is Funds For Traders shut down?Closed 15 Aug 2024
- Is Funded Engineer shut down?Closed 15 Jul 2024
- Is Stocknet Institute shut down?Closed 4 Jul 2024
- Is SurgeTrader shut down?Closed 24 May 2024
- Is Skilled Funded Traders shut down?Closed 29 Mar 2024
- Is True Forex Funds shut down?Closed 6 Feb 2024
- Is MyForexFunds shut down?Closed 29 Aug 2023
- Is Funding Talent shut down?Closed November 2021
How we mark a firm closed
A firm is listed as closed when it has stopped operating or selling: its own announcement, a regulator or court action that stopped the business, a Trustpilot notice that the website has closed, or its domain is parked, for sale or offline with no replacement. A firm that relaunches and sells again goes back to normal review. Full rules: methodology.
FAQ
Which prop firms have shut down?
These 16 prop firms have shut down or stopped selling challenges between 2021 and 2026. Each row gives the date, what happened according to the sources, and links. 1 involved a regulator or court (MyForexFunds). Closed firms are not rated and have no offers or buy links on PropAnalyse.
How can I tell if a prop firm is shut down?
Signs we record: the firm's own closure or pause announcement, a regulator or court order, a Trustpilot notice that the company's website has closed, or a domain that is parked, for sale or offline with no replacement site. We check each firm's own domain on the date shown.
What happens to my account if a prop firm closes?
It depends on the firm and any regulator involved. Where a receiver or claims process exists, the firm page links to it. Otherwise: keep receipts, account IDs and emails, ask your card issuer about a chargeback (time limits apply), and report to your local regulator or consumer agency.
How do I avoid a prop firm that might close?
Look for a long track record, consistent payouts and clear rules. Firms with documented warning signs are on our caution list; the PA Score method is on the methodology page.