Last updated: 8 October 2026 Since 2023 we have documented 8 prop-firm closures, sales freezes and exits, each backed by the firm’s own notice, a regulator record or a court filing. That number is deliberately short. Closures known only from social posts or second-hand reports are left out.
| Firm | What happened | Primary source |
|---|---|---|
| True Forex Funds | Permanent closure citing financial insolvency (May 2024), after a February 2024 freeze. CFTC RED List entry dated 12 Jun 2023. | Firm notice (archived); CFTC RED List |
| My Forex Funds (Traders Global Group) | Asset freeze and temporary receiver after CFTC and OSC action (Aug 2023). The CFTC case was later dismissed with prejudice (May 2025). | CFTC release; court record |
| Funded Engineer | “Announcement of Ceasing Operations”; the firm said it would file for bankruptcy (we found no docket). | Firm notice (archived Jul 2024) |
| Funds For Traders | Closure notice citing the discontinuation of platforms it supported. | Firm notice (archived Sep 2024) |
| First Class Forex Funds | Site says it is offline for the foreseeable future; BVI FSC public statement in 2023. | Firm site (archived); BVI FSC |
| My Flash Funding | Brand now owned by Sway Funded (an exit by acquisition). | Firm site (archived Oct 2024) |
| Seacrest Markets (formerly MyFundedFX) | Notice that it is no longer operating. | Live firm site, 2 Oct 2026 |
| SurgeTrader | Sales freeze after its platform licence was revoked, by the firm’s account (May 2024). | Firm site (archived) |
Industry-wide counts, such as the “80–100 firms closed in 2024” reported by trade press, are those outlets’ claims and are not counted here. For most closures, whether customers’ payouts were honoured is not documented in a primary source. The full list, with archive links, is at propdatalab.com/prop-firm-graveyard/. Related reading: Platform & Payment Shocks and Are Prop Firms Legal in the US?.
By PropDataLab · All PropDataLab datasets