Prop Firm Stability Tracker
What This Page Is
Prop firms shut down. They freeze payouts, rewrite rules mid-account, and sometimes close with trader balances still inside. That is the reality of this industry, and traders deserve a tracked record of it with dates and sources instead of rumor. This page is that record. Every firm we cover sits on the risk board below with its current status and the evidence behind it, and firm events are logged as they happen. Affiliate relationships never change what shows up here. A firm we may earn from gets flagged exactly the same as one we do not, because a stability record that hides bad news is worthless. Below the risk board is the record of firms that did not survive, each entry dated and carrying at least two named sources, or the firm's own statement.
Last reviewed: August 12, 2026
Current Risk Board
Every firm we track, grouped by status, with the dated flag behind each listing. A flag states what happened and names its source. Where the evidence is a community report rather than a confirmed firm action, it is labeled as a report, not stated as fact.
At-Risk
A dated, sourced stability signal exists, a payout slowdown, a sudden rule change, a purchase freeze, mass account closures, or a credible shutdown concern. The listing states the evidence. At-risk is not a shutdown call; it means watch this one.
TickTick Trader
The public site has shown "Coming soon" on every program card and checkout button since at least May 24, 2026 (first observed by TradingFunder, confirmed first-hand by us on July 3, 2026), a freeze of six weeks or more with nothing purchasable. Over the same broad period its Trustpilot score fell from 4.4 in April 2025 to 3.5 on a 6,000-plus review base, and recent reviews carry a cluster of payment-delay complaints. The counterweight is real: the help center is still up, the firm still replies to reviews, and the frozen site is a Framer rebuild, which is also consistent with a relaunch in progress. This is not a confirmed shutdown. It is a firm whose purchase surface has been dark for over a month, which is why it sits here and not on the active board. Sources: tickticktrader.com, TradingFunder, Trustpilot.
Active
Operating normally, with no open stability flags or only minor, dated term changes that do not threaten the account. Most firms sit here.
Alpha Futures
Operating normally, no open flags.
Apex Trader Funding
Operating normally, no open flags.
BluSky Trading
Operating normally, no open flags.
Bulenox
As of 2026-07-06: Active: live homepage promos, open in-house affiliate program, steady review flow, buy links live on all five sizes (walk-confirmed).
Earn2Trade
Operating normally, no open flags.
Funded Futures Family
Operating normally, no open flags.
Leeloo Trading
Operating normally, no open flags.
Lucid Trading
Operating normally, no open flags.
MyFundedFutures
As of 2026-07-06: Active and growing: live promo campaigns, steady review flow, open affiliate program, 100,000+ trader claim on the homepage.
Phidias Propfirm
Operating normally, no open flags.
Take Profit Trader
As of 2026-07-03: Active and growing; steady review flow, rolling promo campaigns, affiliate program open to new partners.
Topstep
As of 2026-07-02: 13-plus years operating and expanding: brokerage launch early 2026, The Futures Desk acquisition 2026-04-01, Omaha office reported.
TradeDay
Operating normally, no open flags.
Tradeify
Operating normally, no open flags.
The Dead-Firm Record
These are the firms that stopped. Every entry is dated and carries at least two named sources, or the firm's own statement, and the ones we cannot source that way stay out of this list until we can. Firms here are never scored: the four scores exist only for live firms with full data, and a rating pinned to a dead company would be theater.
Closed
Permanent closures, from regulatory freezes to platform losses to plain insolvency. The pattern to notice is how often the public trigger was visible weeks before the end.
FundingTicks - 2026-01-18 - Futures
The futures arm of FundingPips lasted about six months. On December 17, 2025, it announced that profits from trades held under one minute would be deducted, and applied the change to accounts traders had already bought. PropFirmMatch delisted the firm after only a partial fix, sales fell, and on January 18, 2026, FundingTicks announced it would wind down, with a structured refund and split plan for open accounts. FundingPips, the CFD parent, kept operating. The retroactive rule change came first, and the collapse followed it by a month. That order is the lesson.
- 2025-12-17: Retroactive rule change announced: profits from sub-one-minute trades deducted, applied to existing accounts.
- 2026-01-18: Wind-down announced with a refund and split plan; FundingPips, the parent, continues operating.
Sources: Finance Magnates, quoting the firm's wind-down statement, TradeInformer on the shutdown
Fast Track Trading - 2024-11-07 - Futures
A futures firm roughly six months old posted a cessation notice on its own website on November 7, 2024, and never came back. Traders reported account lockouts and unpaid balances in the days around the notice, and community threads documented the collapse in real time. Instant funding and aggressive pricing had grown it fast; the same model burned it down faster. Age is a trust input for a reason: this firm did not live long enough to prove anything.
- 2024-11-07: Cessation of operations notice posted on the firm's website.
Sources: The firm's cessation statement, preserved in the Aeromir forum thread, NexusFi community documentation of the closure
Funded Engineer - 2024-07-15 - Forex/CFD
The Dubai firm announced permanent closure and a bankruptcy filing on July 15, 2024, saying restructuring, cost cutting, and investment efforts had all failed. The warning lights were on earlier: its technology provider FPFX had terminated the firm's license citing alleged misconduct, and PropFirmMatch had suspended its listing over compromised funded accounts. When a firm's own vendors and listing sites start stepping away, they are usually reading something the customers cannot see yet.
- Earlier in 2024: FPFX terminates the firm's technology license citing alleged misconduct; PropFirmMatch suspends the listing.
- 2024-07-15: Permanent closure and bankruptcy filing announced by the firm.
Sources: FX News Group, documenting the firm's closure announcement, Finance Magnates on the shutdown
SurgeTrader - 2024-05-24 - Forex/CFD
SurgeTrader lost its platform twice. MetaQuotes pulled its licenses in the 2024 crackdown, the firm migrated to Match-Trader, and then Match-Trade Technologies terminated that license too, citing unfulfilled contract obligations. Seven days after disclosing the second termination, SurgeTrader announced on May 24, 2024, that it was closing all operations. A prop firm that cannot keep a trading platform cannot keep its promises, whatever its intentions.
- 2024-04-05: Match-Trade Technologies issues a license termination notice.
- 2024-05-24: The firm announces closure of all operations on its official channels.
Sources: FX News Group, documenting the firm's closure statement, Finance Magnates on the closure
True Forex Funds - 2024-05-13 - Forex/CFD
The Hungarian firm froze in early February 2024 when MetaQuotes terminated its MT4 and MT5 licenses, cutting off the platforms its accounts ran on. A partial relaunch on cTrader and Match-Trader followed, but on May 13, 2024, the firm announced permanent closure on its own website, citing financial insolvency. A firm that looked healthy in January was gone by May, and the trigger was its technology stack, not a payout run.
- 2024-02-04: MetaQuotes terminates the firm's MT4/MT5 licenses; operations freeze.
- 2024-05-13: Permanent closure announced on the firm's website, citing insolvency.
Sources: FX News Group, documenting the firm's closure statement, Finance Magnates on the shutdown
Skilled Funded Traders - 2024-03-28 - Forex/CFD
On March 28, 2024, two days after The Funded Trader paused, SFT replaced its website with a notice that it had temporarily ceased all operations, effective immediately. The word temporarily did the heavy lifting: the firm never resumed. Payout delay complaints preceded the halt, and a former co-founder later described a communication breakdown and a failed acquisition. A pause with no dated plan attached is how some closures introduce themselves.
- 2024-03-28: Website replaced with a cessation notice; all operations stop, described as temporary.
Sources: FX News Group, documenting the firm's cessation notice, Finance Magnates on the suspension
My Forex Funds - 2023-08-28 - Forex/CFD
The largest retail prop firm of its era stopped operating on August 28, 2023, when the CFTC filed an enforcement complaint alleging deceptive practices against parent Traders Global Group, froze its assets, and placed the business under a court-appointed receiver. The story did not end there. On May 13, 2025, the court dismissed the entire case with prejudice and sanctioned the CFTC, finding the agency had made false statements to the court and acted in bad faith. The allegations were never proven, and the firm never reopened. Most shutdown lists still print only the 2023 half.
- 2023-08-28: CFTC enforcement complaint filed; assets frozen; operations stop under a court-appointed receiver.
- 2025-05-13: Case dismissed with prejudice; the court sanctions the CFTC and awards over 3 million dollars in fees and costs.
Sources: Willkie Compliance Concourse on the dismissal order, Finance Magnates on the dismissal and sanctions
Orderly Wind-Downs and Strategic Exits
Closures and exits that honored their obligations on the way out. These entries matter because they show shutting down and burning traders are not the same thing.
SeacrestFunded (formerly MyFundedFX) - 2026-02-06 - Forex/CFD
Seacrest Markets closed its prop trading division on February 6, 2026, and moved fully to its CFD brokerage business. MyFundedFX had rebranded to SeacrestFunded after integrating with Seacrest. Traders were emailed on February 4; unbreached challenge accounts could request full challenge-fee refunds and funded accounts could request final payouts through February 28. A business pivot with a published refund path is a different animal from a collapse, and this record keeps the two apart on purpose.
- 2026-02-04: Traders emailed: the prop division is closing, with refund and final-payout windows published.
- 2026-02-06: Prop accounts closed; the company continues as a CFD brokerage.
Sources: Finance Magnates, documenting the firm's announcement, Vetted Prop Firms on the exit
Smart Prop Trader - 2024-12-29 - Forex/CFD
Announced in November 2024 that it would stop onboarding and close by December 29, 2024, then spent its final weeks doing what most dying firms do not: payout schedules ran through the last day, and qualifying recent buyers were offered refunds. Not every closure is a disaster. A firm that winds down on purpose, with money left to honor its obligations, is showing you what reserves and management look like. The exit was the most trustworthy thing it ever did in public.
- 2024-11-28: Wind-down announced; onboarding stops.
- 2024-12-29: Operations close with payout schedules honored through the final date.
Sources: Finance Magnates on the announced closure, The firm's own wind-down announcement
Paused and Returned
Firms that halted and later came back. A pause resolves in one of two directions, and nobody knows which in week one.
The Funded Trader - 2024-03-26 - Forex/CFD
TFT paused all operations on March 26, 2024, amid payout complaints and platform migration trouble, put up a countdown, and promised a relaunch. Unusually, it kept the promise: the firm resurfaced over the following months, announced relaunched 100K accounts in November 2024, and independent reviews dated 2026 treat it as operating. Some lists still describe the pause as permanent, and that is simply out of date. A pause is not always a death, but you only find out which one it was afterward, which is exactly why this category exists.
- 2024-03-26: All operations paused amid payout complaints and a platform migration.
- 2024-08-21: The firm resurfaces with a relaunch program and withdrawal clearing under way.
- 2024-11-13: Relaunched 100K accounts announced on the firm's official channels; third-party reviews dated 2026 treat the firm as operating.
Sources: Finance Magnates on the resurfacing, The firm's relaunch announcement
Why Prop Firms Collapse
The modern wave started in August 2023, when a CFTC action stopped My Forex Funds, at the time the biggest name in the business. Whatever you make of how that case ended, the freeze pulled a support beam out of the industry: payment processors, platform vendors, and regulators all started looking harder at everyone. In early 2024 MetaQuotes pulled its platform from a long list of prop firms, and companies that had built on rented technology found out what that means. True Forex Funds and SurgeTrader did not die of payout runs. They died of losing the software their accounts ran on.
Underneath the technology story is a simpler one about money. Most evaluation-model firms fund payouts primarily from fee revenue, which works while sales grow and stops working the moment they shrink. Finance Magnates counted more than 50 prop firms ceasing operations in 2024 alone, and its research put the two-year total between 80 and 100. The firms that survived that stretch tend to share traits you can check: years of operating history, published rules that change rarely and never retroactively, and payout schedules that hold under load.
The freshest futures example is FundingTicks, which changed a rule retroactively in December 2025, got delisted by a major comparison site within days, and announced its wind-down a month later. The sequence ran: rule change first, trust collapse second, shutdown third. Every section of this page exists so you can spot step one while it is still cheap to leave.
Warning Signs Before a Collapse
Each of these showed up in the record above before the end did. None of them proves a firm is dying; each one is a reason to take profits off the table and slow down new purchases.
- Retroactive rule changes. Rules that reach back into accounts already bought preceded the FundingTicks wind-down by a month. Rules that change going forward are normal; rules that change backward are a red flag with a body count.
- Payout slowdowns against the published schedule. Delays and quiet queue growth showed up before the halts at The Funded Trader and Skilled Funded Traders.
- Platform and vendor departures. MetaQuotes leaving preceded the True Forex Funds and SurgeTrader closures; a technology vendor citing misconduct preceded Funded Engineer's bankruptcy. Vendors see the books before you do.
- Delistings by comparison and listing sites. PropFirmMatch stepped away from FundingTicks and Funded Engineer before either shut down.
- A pause with no dated plan. Skilled Funded Traders called its halt temporary and never returned; The Funded Trader paused with a countdown and did. You cannot tell which kind you are in from inside week one, so treat every pause as live risk.
- Very young firms scaling very fast. Fast Track Trading went from launch to cessation notice in about six months. Operating history is not a guarantee, but its absence removes your best evidence.
How to Protect Yourself
The single best defense is not picking the one perfect firm, it is not depending on any one firm. Spread funded accounts across more than one firm so a single freeze or closure does not take your whole income with it. Watch the warning signs that tend to come before trouble: payouts that start arriving slower than the stated schedule, rules that change without notice, discount pushes that feel unusually aggressive, and support that goes quiet. Before you pay for any evaluation, check the firm's track record and how long it has actually operated. New is not the same as bad, but a firm with years of on-time payouts behind it carries a risk a two-month-old brand cannot match yet. If you are still working out how any of this fits together, the guide on what a prop firm is walks the whole arrangement.
How We Track This
A flag is a dated, sourced event, not an opinion. The event types we log are payout freezes and slowdowns, sudden or retroactive rule changes, purchase freezes, mass account closures, acquisitions, and credible shutdown reports. Each carries a date and a source link.
Firms are grouped into five editorial categories. Active is normal operation. At-risk means a dated stability signal exists. Merged but live means the firm was acquired but still runs as its own brand. Paused and returned means a firm halted operations and later resumed, which is logged because the pause is a data point even after the return. Shutdown means the firm has closed.
Two sourcing rules keep this honest. The live surface governs: what a firm's own checkout and pages show right now outranks older cached claims. And community reports are labeled as reports, never promoted to confirmed fact unless the firm's own actions or a solid source confirm them. A firm is only listed as shutdown when it is actually shut down, not when traders fear it might be.
The commitment underneath all of this: a firm's affiliate status never suppresses a flag, and it never softens one. The record is the same whether we earn from the firm or not.
For dead and troubled firms, the standard is mechanical: an entry ships only when it carries two independent sources, or the firm's own statement or a government record, which count alone. Community reports are always labeled as reports. The same event types we log here are tracked as dated flags on every live firm we cover, and they feed the Trust score.
Frequently Asked Questions
Do Prop Firms Really Shut Down?
Yes. It happens across this industry, sometimes with trader balances unpaid. That is the entire reason this page exists. The risk board above shows where each firm we track currently stands.
How Do I Know if a Prop Firm Is Shutting Down?
You usually cannot know for certain in advance, which is why the warning signs matter more than any single rumor. Slower payouts, rule changes without notice, and support going dark are the patterns that tend to show up first. Any firm carrying those signals sits on the at-risk board here with its dated evidence.
Which Prop Firm Is the Oldest?
Firm age is one of the better stability signals, because a long record of on-time payouts is hard to fake. Each firm's founding date and operating history feed its Trust Score, and the review pages carry the specifics per firm.
Are Prop Firms Safe?
Some are far safer than others, and safe is really a question of track record. A firm with years of documented payouts is a different risk from a brand that launched last quarter. The point of this page is to make that difference visible instead of leaving you to guess.
Which Prop Firms Shut Down?
The record above lists the documented cases we can source to our standard, including My Forex Funds (stopped by a CFTC action in 2023 that a court later dismissed with prejudice), True Forex Funds and SurgeTrader (2024, platform losses), Skilled Funded Traders and Funded Engineer (2024), Fast Track Trading (futures, late 2024), FundingTicks (futures, early 2026), and orderly exits like Smart Prop Trader and SeacrestFunded. Each entry on this page carries its dates and sources.
What Happens When a Prop Firm Shuts Down?
It ranges. At the bad end, accounts lock and balances go unpaid, which is what community threads documented at Fast Track Trading. At the managed end, firms publish refund and payout windows on the way out: Smart Prop Trader ran payout schedules through its final day, and FundingTicks and SeacrestFunded both published structured refund plans. Sim capital itself is not yours and does not survive the firm; earned, requested payouts and unused challenge fees are what a wind-down plan does or does not cover.