Closed since 19 Aug 2025
Propel Capital propelcapitalgroup.co.uk
Not rated (closed)
Evidence
- 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.
- FX News Group (fxnewsgroup.com): Another Prop Trading firm shut: Propel Capital source
What to do
In its statement, Propel said refunds would be offered 'to those who qualify', with updates via Discord, X and email, per FX News Group.
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Status follows a published rule and dated sources, not opinion; it is not a finding of fraud. A caution is re-checked at least every 30 days.