Prop firms that shut down, and who got paid
11 prop firms sit in this registry because they shut down; each row gives the date, the cause, the payout outcome and our sources. It covers the best-known cases, not every closure. The 90 firms we track as operating are scored separately in the main ranking.
| Firm | Status | Since | Market | What happened |
|---|---|---|---|---|
| FundedSeat | Closed down | 28 Sep 2026 | Futures | Closed on 28 September 2026, blaming limited access to the big futures platforms. It promised refunds on all active accounts and payment of pending withdrawals. |
| OANDA Prop Trader | Closed down | 31 Mar 2026 | Forex | Ended on 31 March 2026 after FTMO bought OANDA. Active clients were offered incentives to move to FTMO, or full refunds where applicable. |
| MyFundedFX | Closed down | 6 Feb 2026 | Forex | Its owner ended prop trading on 6 February 2026 to focus on its CFD brokerage. Unbreached challenge accounts could claim a refund and funded traders a final payout until 28 February 2026. |
| FundingTicks | Closed down | Jan 2026 | Futures | Wound down in January 2026 after a backlash over December rule changes. It promised full refunds on active evaluation and Master accounts, plus profit shares on Master and live accounts. |
| The Funded Trader | Closed down | about Aug 2025 | Forex | Paused in 2024 after losing platform access, came back paying about 30% of trader payouts, then went offline around August 2025. Unpaid withdrawals are still reported. |
| Smart Prop Trader | Closed down | 29 Dec 2024 | Forex | The founder wound the firm down on 29 December 2024, with no reason given beyond an unnamed new venture. November buyers at break-even or better were promised full refunds, and normal payouts until the last day. |
| Funded Engineer | Closed down | 15 Jul 2024 | Forex | Closed on 15 July 2024 and said it would file for bankruptcy, after its platform supplier pulled its licence, alleging fraud by the firm. Pending payouts were deferred; no settlement for traders is on record. |
| SurgeTrader | Closed down | 24 May 2024 | Forex | Closed on 24 May 2024 after Match-Trade ended its platform licence, following the MetaQuotes withdrawals. No refund or payout settlement was announced. |
| True Forex Funds | Closed down | 13 May 2024 | Forex | Lost its MetaTrader licences in February 2024, relaunched on cTrader, then closed for good in May 2024 citing insolvency. No payout or refund plan was announced. |
| Skilled Funded Traders | Closed down | 29 Mar 2024 | Forex | Stopped all operations on 29 March 2024 after platform migration problems and a failed buyout at its owner, Easton Consulting Technologies. No refund or payout plan was published. |
| My Forex Funds | Closed down | Aug 2023 | Forex | Shut in August 2023 when a US court froze its assets in a CFTC fraud case, later dismissed with prejudice. Payout requests open at the freeze went unpaid; a rewards programme for affected accounts is pending. |
Reading the registry
Status count: 11 closed down. Click any name for a dated timeline of events and the sources behind it. A firm joins the list once its official site no longer sells challenges or trustworthy reports confirm it has closed. If it truly relaunches, it goes back into the ranking.
A firm folding is the biggest danger you take on when you pay for a challenge. Before buying, see our checklist for vetting a prop firm, then look at firms with the longest track record.
Questions about closed firms
Which prop firms have shut down?
11 firms are in the registry so far. It is a selection of the best-known cases, each with a sourced timeline, not a complete list. The most recent: FundedSeat, OANDA Prop Trader, MyFundedFX, FundingTicks.
What makes a prop firm close?
The usual triggers: losing access to a trading platform (the 2024 MetaQuotes changes are the best-known case), paying out more than challenge sales bring in, trouble with payment processors, and action by regulators. A number of the firms that went under were well rated not long before.
How do I limit my risk if a firm fails?
Keep account sizes small, take profits out the moment you qualify, favour firms that name their legal entity and have several years behind them, and save copies of your statements and every payout request.