Updated October 2026

Do Not Trade Offers

These firms have earned a place on our Do Not Trade list ā€” documented payout denials, red-flag rules, or firms that have ceased operations. Check here before you buy an evaluation.

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šŸš« Do Not Trade Prop Firm List October 2026

These prop firms have earned a place on our Do Not Trade list. Whether it’s denied payouts, blocking profitable traders, or ceasing operations without notice, each prop firm below has demonstrated they cannot be trusted with your capital. There are many excellent prop firms in the space – these are not among them.

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This is a warning list, not a comparison page. We do not link to these firms and there is nothing to buy here. If you hold funds with an out-of-business firm on this list, contact your payment provider immediately. Looking for a firm you can trust? Start with our Best Futures Prop Firms list.
45 firms currently on the Do Not Trade list · Updated October 1, 2026

Listed first Futures Prop Firms

āš ļø Still Operating ā€” Payout Denials Reported
1

Humble Funding

2.5Compare Prop Firms Score
Still operating ā€” payout denials reported
Status
Still operating ā€” payout denials reported
Primary Issue
Known payout denials from funded traders
Our Verdict
Proceed with extreme caution
Action: Do not open a new account at this time

Payouts are not being processed reliably despite the firm still operating. Existing traders experiencing payout issues should document all communications.

Full Humble Funding warning report ā†’ See trusted alternatives instead ā†’
āš ļø Not Recommended ā€” Serious Concerns
2

LeseUp

1.5Compare Prop Firms Score
Active ā€” still operating but with serious unresolved issues
Status
Active ā€” still operating but with serious unresolved issues
Primary Issue
Pattern of payout denials and poor trader treatment reported across communities
Our Verdict
Not Recommended ā€” we strongly advise traders to avoid this firm
Action: Do not open a new account ā€” seek a reputable alternative immediately

Rules applied inconsistently with outcomes heavily favoring the firm over traders. Very high risk of not receiving earned payouts.

Full LeseUp warning report ā†’ See trusted alternatives instead ā†’
ā›” Operations Suspended ā€” New Sales Closed
3

YRM Prop

0.0Compare Prop Firms Score
Funding Unavailable ā€” No Accounts for Sale
Status
Operations suspended for new customers ā€” the official site says funding is currently unavailable
Primary Issue
No accounts or plans are available, following prolonged payout delays and a closed public storefront
Our Verdict
Do Not Trade ā€” 0.0 while sales remain suspended and payout concerns remain unresolved
Action: Do not send money through an old checkout link or third party claiming to sell YRM Prop accounts

As of September 27, 2026, YRM Prop’s official homepage says “Funding Currently Unavailable,” “New funded accounts are not available for purchase right now,” and “No plans are available at the moment.” This follows months of acknowledged payout delays. We score the firm 0.0 while operations for new customers are suspended. We are not labeling the closure permanent because the official notice says to check back soon and existing support and login links remain online.

Full YRM Prop warning report ā†’ See trusted alternatives instead ā†’
ā›” Out of Business ā€” Closed September 2026
4

FundedSeat

0.0Compare Prop Firms Score
Out of Business ā€” Operations Closed
Status
Out of Business ā€” the firm announced it is closing operations (September 2026)
Primary Issue
The firm has shut down; its homepage is now a closure notice and no accounts are for sale
Our Verdict
Do Not Trade ā€” the firm is closed and should not receive money
Action: Do not buy a FundedSeat account from any site or third party. If you held an active account or a pending withdrawal, contact FundedSeat support through its official channels and keep records until your refund or balance is paid

As of September 29, 2026, fundedseat.com shows only “An Important Announcement from FundedSeat,” in which the firm says it has “made the difficult decision to close operations.” The notice states that all currently active accounts will be refunded and that pending withdrawals and positive live account balances will be disbursed, with support remaining available by live chat and email. We score the firm 0.0 because it is no longer operating; the refund commitments are the firm’s own and we cannot confirm individual outcomes.

Why we delisted FundedSeat ā†’ See active alternatives instead ā†’
ā›” Out of Business ā€” Closed November 2024
5

Fast Track Trading

0.0Compare Prop Firms Score
Out of Business ā€” Abrupt Shutdown
Status
Out of Business ā€” Ceased Operations November 7, 2024
Primary Issue
Abrupt closure after payout delays, with traders reporting locked accounts and unpaid withdrawals
Our Verdict
Do Not Trade ā€” the firm is closed and should not receive money
Action: Do not purchase, reactivate, or pay anyone claiming to restore an account; preserve all payment and payout records

Fast Track Trading announced that it had officially ceased operations on November 7, 2024. Its founder provided a refund email for active-account holders, but independent and community records document locked accounts, payout complaints, and unresolved trader balances after the shutdown.

Read the Fast Track Trading closure record ā†’ See active alternatives instead ā†’
ā›” Out of Business ā€” Closed December 2024
6

Profitrade

0.0Compare Prop Firms Score
Out of Business ā€” Closure Confirmed
Status
Out of Business ā€” Closed December 18, 2024
Primary Issue
Abrupt shutdown after only weeks in market; users reported unpaid payouts and no response
Our Verdict
Do Not Trade ā€” the firm is closed and trader obligations were left unresolved
Action: Do not send money or purchase any account offered under the former Profitrade brand

Profitrade Funding announced its closure on December 18, 2024, only weeks after launch. Independent coverage and a former promotional partner reported that traders were left without payment or response, despite the firm having honored earlier withdrawals.

Read the Profitrade closure report ā†’ See active alternatives instead ā†’
ā›” Out of Business ā€” Closed December 2024
7

FlexyTrade

0.0Compare Prop Firms Score
Out of Business ā€” Payout Complaints Preceded Closure
Status
Out of Business ā€” Closed in December 2024
Primary Issue
Closure followed repeated reports of delayed or unpaid withdrawals and inaccessible trader accounts
Our Verdict
Do Not Trade ā€” the former futures prop firm is no longer operating
Action: Do not send money to any site or person claiming to sell or restore a FlexyTrade account

Industry trackers place FlexyTrade’s closure in December 2024. Trader reports from the weeks before the shutdown described withdrawals delayed well beyond the firm’s published timeline, followed by loss of access to the trader portal and main website.

See the documented futures-firm closure list ā†’ See active alternatives instead ā†’
ā›” Site Offline ā€” Likely Closed in 2026
8

MegaTrader

0.0Compare Prop Firms Score
Likely Closed ā€” Website and Help Center Offline
Status
Likely Closed ā€” No Formal Closure Notice Located
Primary Issue
The firm’s website, checkout, and help center are unreachable after traffic collapsed in early 2026
Our Verdict
Do Not Trade ā€” the service is inaccessible and its operating status is unverified
Action: Do not pay third parties offering MegaTrader challenges, account recovery, or payout release services

MegaTrader has not published a closure statement we could verify. However, independent monitoring found every version of megatrader.io unreachable in September 2026, after estimated site traffic fell from roughly 52,000 visits in January to about 370 in April. We therefore classify it as likely closed rather than claiming a confirmed formal shutdown.

Read the MegaTrader offline-status report ā†’ See active alternatives instead ā†’
ā›” Out of Business
9

Funding Ticks

0.0Compare Prop Firms Score
Out of Business ā€” No Longer Operating
Status
Out of Business ā€” No Longer Operating
Primary Issue
Ceased operations without notice ā€” funded accounts became inaccessible
Our Verdict
Do Not Trade ā€” avoid entirely and do not send money to this firm
Action: Contact your payment provider immediately if you have outstanding funds

Traders were left with unresolved payout requests and no recourse through the firm. No communication or resolution was provided to affected traders.

Full Funding Ticks warning report ā†’ See trusted alternatives instead ā†’
ā›” Out of Business
10

NexGen Futures Trader

0.0Compare Prop Firms Score
Out of Business ā€” No Longer Operating
Status
Out of Business ā€” No Longer Operating
Primary Issue
Ceased operations without notice ā€” funded accounts became inaccessible
Our Verdict
Do Not Trade ā€” avoid entirely and do not send money to this firm
Action: Contact your payment provider immediately if you have outstanding funds

Traders were left with unresolved payout requests and no recourse through the firm. No communication or resolution was provided to affected traders.

Full NexGen Futures Trader warning report ā†’ See trusted alternatives instead ā†’
ā›” Out of Business
11

Tick Tick Trader

0.0Compare Prop Firms Score
Out of Business ā€” No Longer Operating
Status
Out of Business ā€” No Longer Operating
Primary Issue
Ceased operations without notice ā€” funded accounts became inaccessible
Our Verdict
Do Not Trade ā€” avoid entirely and do not send money to this firm
Action: Contact your payment provider immediately if you have outstanding funds

Traders were left with unresolved payout requests and no recourse through the firm. No communication or resolution was provided to affected traders.

Full Tick Tick Trader warning report ā†’ See trusted alternatives instead ā†’
ā›” Out of Business ā€” Platform Offline
12

Trade Shield

0.0Compare Prop Firms Score
Out of business ā€” platform offline
Status
Out of business ā€” platform offline
Primary Issue
No payouts being processed ā€” traders cannot access funded accounts
Our Verdict
Do not open an account. Do not send funds to this firm
Action: No refunds or account access available ā€” contact your payment provider about recent payments

The platform is no longer accessible and the firm has shut down its futures prop trading program entirely. This is a full business closure, not a temporary pause.

Full Trade Shield warning report ā†’ See trusted alternatives instead ā†’
ā›” Out of Business
13

FundingFutures

0.0Compare Prop Firms Score
Out of Business ā€” New Challenges Halted
Status
Out of Business ā€” New Challenges Halted
Primary Issue
New challenge purchases are disabled and the help center is offline; the site promises a "new trading platform coming soon" with no timeline
Our Verdict
Do Not Trade ā€” we treat this firm as out of business. Do not purchase.
Action: Do not purchase new challenges. If you hold a funded account, secure any pending payouts and monitor the firm's official channels

The firm's own site banner reads "New Challenges Are Currently Halted, New Trading Platform Coming Soon" (fundingfutures.com, captured 2026-07-03) ā€” purchases are disabled and the help center returns 404.

Why we delisted FundingFutures ā†’ See trusted alternatives instead ā†’
ā›” Out of Business ā€” Operations Wound Down
14

The Prop Pit

0.0Compare Prop Firms Score
Out of Business ā€” Wound Down in 2026
Status
Out of Business ā€” No Longer Accepting Traders
Primary Issue
The firm announced that it was winding down operations
Our Verdict
Do Not Trade ā€” the former 4.4 rating has been withdrawn
Action: Do not send money or pay any fee presented as a way to open, restore, or reactivate an account

The Prop Pit launched with free futures evaluations, a proprietary platform, and several other asset classes, but it later announced a wind-down. Its old product claims and pricing are now archived historical information, not an active offer.

Read The Prop Pit closure update ā†’ See active alternatives instead ā†’
ā›” Out of Business ā€” Closed August 2026
15

Rev One Trading

0.0Compare Prop Firms Score
Out of Business ā€” Closure Confirmed
Status
Out of Business ā€” Closed in August 2026
Primary Issue
Founder closed the futures firm after citing platform and scaling limitations
Our Verdict
Do Not Trade ā€” the remaining website is stale and must not be treated as an active offer
Action: Do not purchase through any checkout or marketing page that remains accessible

Rev One Trading ceased operations in August 2026. Although portions of its website still describe purchasable challenges, independent closure reporting says the founder shut the firm and did not publicly explain the treatment of every active subscription, balance, or pending payout.

Read independent closure reporting ā†’ See active alternatives instead ā†’
ā›” New Purchases Closed ā€” Existing Accounts Continue
16

Redline Futures Funding

0.0Compare Prop Firms Score
Futures ā€” New Purchases Closed
Status
Not accepting new purchases; existing customers are currently permitted to continue accessing their accounts
Primary Issue
The firm has closed every evaluation plan to new purchases and is no longer available to new traders
Our Verdict
Do Not Trade as a new customer ā€” no Redline evaluation should currently be available for purchase
Action: Do not buy a Redline account through a third party. Existing customers should use only the firm’s official dashboard and support channels

Redline’s official website states that new purchases are unavailable while existing customers can continue to access their accounts. This entry does not label Redline fully out of business; it records that the firm is closed to new business and should not receive new evaluation payments.

Review Redline’s official purchase-closure notice ā†’ See active futures alternatives instead ā†’
ā›” Out of Business ā€” Operations Ceased
17

Thrive Trading Group

0.0Compare Prop Firms Score
Futures ā€” Closed June 2025
Status
Out of Business ā€” the firm announced an immediate end to operations in June 2025
Primary Issue
The company said operational and market challenges made continuing the funded-trader program impossible
Our Verdict
Do Not Trade ā€” Thrive Trading Group no longer operates a funded futures program
Action: Do not purchase accounts or send money to anyone claiming to sell a current Thrive Trading Group program

A June 18, 2025 closure announcement attributed to Thrive’s CEO stated that the firm was ceasing operations effective immediately after operational, fraud-prevention, and market-positioning difficulties.

Read the reported Thrive closure announcement ā†’ See active futures alternatives instead ā†’
ā›” Out of Business ā€” Closed in 2026
18

Chronos Funding

0.0Compare Prop Firms Score
Futures ā€” Operations Closed
Status
Out of Business ā€” closure and customer refund terms were reported in 2026
Primary Issue
The funded-trader operation shut down and is no longer a valid destination for a new evaluation purchase
Our Verdict
Do Not Trade ā€” Chronos Funding is no longer operating as an active prop firm
Action: Do not buy accounts marketed under the Chronos Funding name; former customers should retain all refund and account records

Industry closure research documents a 2026 shutdown notice with refund terms. Chronos is retained here as a closed futures prop firm, not as an active firm undergoing a temporary sales promotion or platform change.

Review the documented Chronos closure record ā†’ See active futures alternatives instead ā†’
ā›” Out of Business ā€” Company Liquidation
19

Capital Partners Academy

0.0Compare Prop Firms Score
Futures ā€” Legal Entity in Liquidation
Status
Out of Business ā€” Capital Partners Academy OƜ entered liquidation proceedings in July 2024
Primary Issue
The former program’s operating company entered a formal creditor and liquidation process
Our Verdict
Do Not Trade ā€” the former funded-account provider is not an active operating firm
Action: Do not pay for any account or training package represented as a current Capital Partners Academy funded program

Estonian registry information records the July 18, 2024 opening of liquidation proceedings for Capital Partners Academy OƜ and notified creditors to submit claims through the liquidation process.

View the Capital Partners Academy liquidation record ā†’ See active futures alternatives instead ā†’
ā›” Out of Business ā€” Website Offline
20

Trade Futures Now

0.0Compare Prop Firms Score
Futures ā€” Closed in 2026
Status
Out of Business ā€” the former website no longer provides an operating prop-firm storefront
Primary Issue
The firm’s domain returns an error and multiple futures-firm status directories classify the operation as closed
Our Verdict
Do Not Trade ā€” no active Trade Futures Now evaluation program could be verified
Action: Do not submit payment or personal information to offers using the former Trade Futures Now identity

As checked October 1, 2026, the former Trade Futures Now website returns a not-found response instead of an evaluation storefront. Independent futures prop-firm directories also list the firm among closed operations.

Review the futures-firm closure listing ā†’ See active futures alternatives instead ā†’

Forex / CFD Forex & CFD Prop Firms

ā›” Out of Business ā€” Forex/CFD Firm
21

The Funded Trader

0.0Compare Prop Firms Score
Forex/CFD Prop Firm ā€” Shut Down Again
Market Type
Forex/CFD ā€” forex, indices, commodities, and crypto CFDs
Primary Issue
Ceased operations again after a 2024 shutdown and subsequent relaunch
Our Verdict
Do Not Trade ā€” website and trader access reported offline
Action: Do not purchase a challenge or send additional money; preserve account and payout records

The Funded Trader is a Forex/CFD prop firm, not a futures prop firm. Independent status reporting says it shut down again in September 2026 after its March 2024 closure and later relaunch. Recent reports cited inaccessible accounts, unanswered support requests, and unpaid withdrawals.

Read the September 2026 shutdown report ā†’ See active Forex alternatives instead ā†’
ā›” Operations Ceased ā€” No Verified Return
22

Skilled Funded Traders

0.0Compare Prop Firms Score
Forex/CFD ā€” Inactive Since March 2024
Status
Operations ceased March 28, 2024; no verified relaunch has followed
Primary Issue
The Easton-controlled firm stopped new purchases and all operations amid platform migration and payout complaints
Our Verdict
Do Not Trade ā€” the former program has not returned to verified operation
Action: Do not buy an account or send money to anyone claiming to reactivate Skilled Funded Traders

Skilled Funded Traders announced that it had ceased all operations, including new purchases, effective March 28, 2024. The notice called the stoppage temporary, but the promised follow-up did not produce a verified public return. We therefore list the firm as inactive rather than claiming a separately confirmed permanent dissolution.

Read the documented operations suspension ā†’ See active Forex alternatives instead ā†’
ā›” Operations Suspended ā€” Return Not Confirmed
23

My Forex Funds

0.0Compare Prop Firms Score
Forex/CFD ā€” Suspended Since August 2023
Status
Operations suspended; a proposed 2026 relaunch has not been confirmed as fully operational
Primary Issue
Regulatory action froze operations and customer payouts; the CFTC case was later dismissed on procedural grounds
Our Verdict
Do Not Trade unless and until a verified relaunch, rules, and payout process are independently confirmed
Action: Do not prepay for a challenge based on relaunch announcements or unofficial recovery offers

My Forex Funds stopped operating after U.S. and Canadian regulatory action in August 2023. A federal judge dismissed the CFTC case in May 2025 because of agency misconduct, not a decision on the underlying allegations. The firm has discussed returning, but the cited trackers still describe operations as suspended and the terms of any relaunch as unconfirmed.

Read the current My Forex Funds status summary ā†’ See active Forex alternatives instead ā†’
ā›” Prop Program Closed ā€” Brokerage Continues
24

SeacrestFunded

0.0Compare Prop Firms Score
Forex/CFD Prop Program ā€” Closed February 2026
Status
Prop trading division closed February 6, 2026; Seacrest Markets continues as a CFD brokerage
Primary Issue
All prop accounts and open positions were closed during the pivot away from funded-trader programs
Our Verdict
Do Not Trade the former prop program ā€” it no longer operates
Action: Do not buy any challenge advertised as SeacrestFunded or MyFundedFX

SeacrestFunded was the renamed MyFundedFX program. Seacrest announced that every prop account and open position would close on February 6, 2026, with eligible challenge refunds and final funded-account payout requests handled through a published wind-down process. This card applies to the prop program, not the separately operating Seacrest Markets brokerage.

Read the Seacrest prop-program closure report ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Closed May 2024
25

True Forex Funds

0.0Compare Prop Firms Score
Forex/CFD ā€” Permanently Closed
Status
Out of Business ā€” permanent closure announced May 13, 2024
Primary Issue
Platform-license loss and insolvency; industry reporting estimated substantial unpaid trader payouts
Our Verdict
Do Not Trade ā€” this Forex/CFD firm is permanently closed
Action: Do not send money to any site or person using the former True Forex Funds brand

True Forex Funds lost access to MetaTrader in February 2024, attempted to migrate platforms, and announced permanent closure on May 13, 2024. Multiple shutdown trackers report that traders were left with unresolved payouts.

Read the documented True Forex Funds case summary ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Closed May 2024
26

SurgeTrader

0.0Compare Prop Firms Score
Forex/CFD ā€” Permanently Closed
Status
Out of Business ā€” ceased operations May 24, 2024
Primary Issue
Platform licensing disputes left the firm without a functional trading platform
Our Verdict
Do Not Trade ā€” the former Forex/CFD program is closed
Action: Do not buy any account marketed under the SurgeTrader name

SurgeTrader ceased operations on May 24, 2024 after licensing disputes involving MetaQuotes and Match-Trader. The shutdown was abrupt, and independent coverage documented traders reporting unpaid obligations.

Read the documented SurgeTrader case summary ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Closed in 2024
27

Funded Engineer

0.0Compare Prop Firms Score
Forex/CFD ā€” Bankruptcy and Closure
Status
Out of Business ā€” bankruptcy and permanent closure reported in mid-2024
Primary Issue
Technology-provider termination and fraud allegations preceded the shutdown
Our Verdict
Do Not Trade ā€” the firm is closed and should not receive payments
Action: Ignore account-recovery or challenge offers using the former Funded Engineer brand

Funded Engineer’s technology provider publicly terminated its license in February 2024 and alleged serious misconduct. The firm subsequently entered bankruptcy proceedings and ceased operating.

Read the Funded Engineer closure summary ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Closed in 2024
28

Funds For Traders

0.0Compare Prop Firms Score
Forex/CFD ā€” Closed
Status
Out of Business ā€” listed as closed by multiple prop-firm trackers
Primary Issue
Broker-service withdrawal ended access to MT4/MT5; unresolved payout reports followed
Our Verdict
Do Not Trade ā€” no active evaluation should be purchased
Action: Do not confuse this closed firm with similarly named active companies

Funds For Traders relied on Eightcap for MetaTrader access and closed after that service was withdrawn from prop firms in 2024. Both the linked shutdown guide and the Chart Nomads out-of-operations directory list it as closed.

See the out-of-operations directory ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Closed in 2024
29

Glow Node

0.0Compare Prop Firms Score
Forex/CFD ā€” Closed
Status
Out of Business ā€” closure reported in 2024
Primary Issue
Lost broker and MetaTrader access and did not complete a sustainable platform migration
Our Verdict
Do Not Trade ā€” the former program is closed
Action: Do not use old checkout links or send money to anyone claiming to reactivate Glow Node accounts

Glow Node was one of several Forex/CFD firms affected when Eightcap withdrew MetaTrader services from prop firms. Independent trackers report that the firm could not complete a viable migration and closed.

Read the verified shutdown list ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Orderly Wind-Down
30

Smart Prop Trader

0.0Compare Prop Firms Score
Forex/CFD ā€” Closed Responsibly
Status
Out of Business ā€” wind-down announced November 2024
Primary Issue
The firm closed after platform and broker disruption, while scheduling final payouts and qualifying refunds
Our Verdict
Do Not Trade ā€” closed status, not a misconduct finding
Action: Do not purchase a challenge; the firm completed its wind-down

Smart Prop Trader is included because it is no longer operating, not because its closure was handled like the worst failures on this list. The firm announced an orderly wind-down in November 2024, continued scheduled payouts through December 29, and offered qualifying refunds.

Read the orderly-shutdown case summary ā†’ See active Forex alternatives instead ā†’
ā›” Retired Brand ā€” Acquired October 2024
31

Funded Friends

0.0Compare Prop Firms Score
Forex/CFD ā€” Closed and Acquired
Status
Closure announced September 2024; acquisition by TradingFunds completed in October 2024
Primary Issue
The Funded Friends brand stopped operating; traders were moved into an acquisition and refund process
Our Verdict
Do Not Trade the retired brand ā€” this is an orderly exit, not a misconduct finding
Action: Do not purchase a Funded Friends challenge or use an old checkout link

Funded Friends announced that it would cease operations and be acquired by TradingFunds. The firm pledged full refunds for active account holders, payouts for funded traders, and TradingFunds vouchers. It belongs on this list because the original brand is no longer active, not because the wind-down was reported as a collapse.

Read the acquisition and closure report ā†’ See active Forex alternatives instead ā†’
ā›” Operations Paused ā€” Review in Progress
32

ATFunded

0.0Compare Prop Firms Score
Forex/CFD ā€” Operations Paused
Status
Operations paused while the company reviews the sustainability of its funded-trader model
Primary Issue
New trading activity stopped; MT5 was moved to close-only and active accounts entered a refund or payout process
Our Verdict
Do Not Trade while operations remain paused and no verified relaunch is available
Action: Do not buy an ATFunded account unless a completed relaunch is independently verified

ATFunded’s official notice says the company paused operations to review its business and offerings. It promised full refunds for active account purchases and eligible payouts under its rules. We do not label this a permanent closure, but a paused firm cannot be recommended for new traders.

Read ATFunded’s official pause announcement ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Closed December 2024
33

Ascetic Capital

0.0Compare Prop Firms Score
Forex/CFD ā€” Closed After One Week
Status
Out of Business ā€” closure announced December 3, 2024
Primary Issue
The launch produced only four sales and failed to secure sustainable operating capital
Our Verdict
Do Not Trade ā€” the former firm ceased operations before funding any trader
Action: Do not send money to any site or person using the former Ascetic Capital brand

Ascetic Capital closed roughly one week after launch. Its announcement said the firm made four sales, would refund every customer, and would cease operations before a single trader became funded. The closure was acknowledged directly rather than discovered through a disappearing website.

Read the documented Ascetic Capital closure ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Closed August 2024
34

Indigo Trader Funding

0.0Compare Prop Firms Score
Forex/CFD ā€” Closure Confirmed
Status
Out of Business ā€” closure confirmed August 21, 2024
Primary Issue
The firm went silent, was struck off the UK register, and later confirmed it had ceased trading
Our Verdict
Do Not Trade ā€” the company formally ended its evaluation business
Action: Do not send funds to cloned or revived sites using the Indigo Trader Funding identity

Indigo Trader Funding confirmed that it ceased trading and ended agreements connected to its prop-firm evaluation operation. The company had already gone quiet on social media and was struck off the UK company register.

Read the confirmed shutdown report ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Went Offline in 2024
35

Fidelcrest

0.0Compare Prop Firms Score
Forex/CFD ā€” Website and Support Disappeared
Status
Out of Business ā€” went offline without a clear closure announcement in March 2024
Primary Issue
Support channels went silent and the former website was replaced with unrelated content
Our Verdict
Do Not Trade ā€” no legitimate active prop program remains
Action: Treat any current Fidelcrest-branded purchase or recovery offer as high risk

Fidelcrest disappeared without a normal wind-down: its support channels stopped responding and its former website was replaced with unrelated content. Both Trader Notion and Chart Nomads classify the firm as closed or out of operations.

Read the Fidelcrest closure summary ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Permanently Closed
36

MPFunds

0.0Compare Prop Firms Score
Forex/CFD ā€” Permanent Closure
Status
Out of Business ā€” permanent closure announced September 10, 2024
Primary Issue
Banking services ended and planned outside financing did not proceed
Our Verdict
Do Not Trade ā€” MPFunds officially ceased operations
Action: Do not purchase or pay for any account offered under the former MPFunds name

MPFunds founder Dean Wong announced the firm’s official permanent closure after its banking relationship ended and a planned financing round fell through. The closure announcement did not provide a confirmed compensation plan for affected traders.

Read the MPFunds closure report ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Permanently Closed
37

Gold Fund Trader

0.0Compare Prop Firms Score
Forex/CFD ā€” Cash-Flow Closure
Status
Out of Business ā€” permanently closed in September 2024
Primary Issue
The firm cited cash-flow problems, low sales, and insufficient liquidity
Our Verdict
Do Not Trade ā€” the former evaluation program is closed
Action: Do not confuse this closed firm with similarly named active gold-trading businesses

Gold Fund Trader permanently closed approximately five months after launch. The firm said it generated only about $600 in evaluation sales and lacked the liquidity needed to continue operating.

Read the documented Gold Fund Trader closure ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Closed in 2024
38

Karma Prop Traders

0.0Compare Prop Firms Score
Forex/CFD ā€” Website and Community Closed
Status
Out of Business ā€” operations ended in August 2024
Primary Issue
The firm cited cash-flow pressure, failed risk controls, and technology-provider problems
Our Verdict
Do Not Trade ā€” the website and official community stopped operating
Action: Do not send money to anyone presenting a revived Karma Prop Traders offer

Karma Prop Traders shut down after its founder attributed the failure to cash-flow issues, insufficiently implemented risk checks, and an undelivered third-party technology solution. Its website and Discord community subsequently closed.

Read the Karma Prop Traders shutdown report ā†’ See active Forex alternatives instead ā†’
ā›” Retired Trading Brand ā€” Acquired July 2024
39

MyFlashFunding

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Forex/CFD ā€” Acquired and Retired
Status
Trading program retired after acquisition by Sway Funded in July 2024
Primary Issue
Clients and pending payouts entered a migration process; the original brand stopped providing trading services
Our Verdict
Do Not Trade the retired brand ā€” this is an acquisition record, not a standalone misconduct finding
Action: Do not purchase a MyFlashFunding challenge through an old checkout or affiliate link

Sway Funded acquired MyFlashFunding in July 2024. Clients were instructed to close positions and migrate, while the MyFlashFunding name shifted away from trading services toward educational content.

Read the acquisition and migration report ā†’ See active Forex alternatives instead ā†’
ā›” Retired Program ā€” Transitioned to FTMO
40

OANDA Prop Trader

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Forex/CFD ā€” Program Ended March 2026
Status
Prop program retired; formal transition concluded March 31, 2026
Primary Issue
OANDA exited its standalone prop program after joining the FTMO Group
Our Verdict
Do Not Trade the retired program ā€” OANDA’s brokerage remains a separate active business
Action: Do not purchase anything presented as a new OANDA Prop Trader challenge

OANDA transitioned its prop-trading clients to FTMO following FTMO Group’s acquisition of OANDA. Active clients received migration incentives or applicable refunds. This entry records a retired product, not an allegation against OANDA’s brokerage.

Read OANDA’s official transition announcement ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Confirmed Closure
41

Funded Knight

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Forex/CFD ā€” Closed June 2026
Status
Out of Business ā€” all operations ceased June 15, 2026
Primary Issue
The firm said its evaluation model was no longer sustainable and closed all positions
Our Verdict
Do Not Trade ā€” closure is confirmed by the firm’s own notice
Action: Do not buy or accept replacement challenges using the Funded Knight name

Funded Knight announced that it would cease all operations effective June 15, 2026. Its notice directed active-account holders and traders with pending payouts to contact support about individual compensation.

Read Funded Knight’s official closure notice ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Permanent Wind-Down
42

Stocknet Institute / SI World

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Forex/CFD ā€” Permanent Industry Exit
Status
Out of Business ā€” wind-down announced July 2024
Primary Issue
Plan purchases were disabled and the company permanently exited prop trading
Our Verdict
Do Not Trade the retired brands ā€” the closure was presented as an orderly strategic exit
Action: Do not purchase plans marketed as Stocknet Institute or SI World evaluations

Stocknet Institute, also operating as SI World, announced a formal wind-down and permanent move away from prop trading. New purchases stopped immediately and active clients were placed into a documented account-closure process.

Read the Stocknet / SI World wind-down report ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Company Dissolved
43

Ryze Funding

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Forex/CFD ā€” UK Company Dissolved
Status
Out of Business ā€” Ryze Funding Ltd dissolved May 20, 2025
Primary Issue
The UK legal entity was struck off and the former ryze.trading domain stopped resolving
Our Verdict
Do Not Trade ā€” the former prop firm no longer has an active legal entity or website
Action: Do not confuse the former prop firm with unrelated businesses using a similar Ryze name

Companies House records Ryze Funding Ltd, company number 14542770, as dissolved on May 20, 2025. The former prop-firm domain is inactive; similarly named finance businesses are not the same company.

View the official Companies House record ā†’ See active Forex alternatives instead ā†’
ā›” Out of Business ā€” Insolvency Proceedings
44

Funded Unicorn

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Forex/CFD ā€” Insolvency Case
Status
Out of Business ā€” closure and insolvency proceedings reported in 2025
Primary Issue
A German court placed the company under preliminary insolvency administration
Our Verdict
Do Not Trade ā€” no active Funded Unicorn evaluation program should be purchased
Action: Direct creditor or account questions to the formally appointed insolvency process

The Karlsruhe insolvency court imposed protective measures over Funded Unicorn GmbH in June 2025 and appointed a preliminary insolvency administrator. The former prop program subsequently closed.

Read the Funded Unicorn insolvency notice ā†’ See active Forex alternatives instead ā†’
ā›” No Longer Operating ā€” Regulatory Warning
45

Infinity Forex Funds

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Forex/CFD ā€” Prop Program Ended
Status
No longer operating as a prop firm; former evaluation and dashboard infrastructure is inactive
Primary Issue
The former domain was named in an AFM warning and no longer sells funded-trader evaluations
Our Verdict
Do Not Trade ā€” no legitimate active prop program remains under the former setup
Action: Do not send money in response to offers using the former Infinity Forex Funds identity

Infinity Forex Funds no longer offers prop-firm products, and its former pricing, evaluation, support, and dashboard infrastructure is inactive. The Netherlands Authority for the Financial Markets also issued a warning tied to the firm’s former domain in April 2024.

Read the AFM warning ā†’ See active Forex alternatives instead ā†’

Held funds with one of these firms?

If a firm on this list has ceased operations while holding your evaluation fee or earned payouts: (1) contact your credit card company or payment processor to dispute the charge, (2) report the firm to the relevant financial regulator in your country, and (3) document everything — dashboards, emails, and payout requests. For active firms on this list, do not open a new account until the issues are publicly resolved. See our recommended firms for vetted alternatives.