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Find out what happened to a prop firm — closures, wind-downs, mergers, and rebrands, every row tied to a dated public source.
What Is the Prop Firm Graveyard?
The BestProps Graveyard tracks prop firms that have closed, stopped onboarding traders, wound down, merged, or materially changed brand identity based on dated public sources. It is an archive and research page, not a legal finding, insolvency finding, fraud finding, payout-denial finding, or endorsement of any successor brand.
Archive Snapshot
18 sourced archive rows. Most recent sourced entries: ATFunded suspension (June 2026), The Upside Funding rebrand and FundingTicks wind-down (January 2026). Tap a category to filter the table.
Find a Firm
Showing all 18 rows.
Reviewed Archive Rows
Rows are ordered newest source date first. Each row carries a reported-cause label that maps to the Common Reported Shutdown Causes section below the table.
Source-reported archive: these rows are not legal, regulatory, payout, insolvency, or wrongdoing findings.
| Firm or brand | Archive category | Reported cause | Status note from sources | Source type | Primary source | Source date | Checked |
|---|---|---|---|---|---|---|---|
| ATFunded (ATFX) | Source reported wind-down or no new onboarding | Other stated cause | Finance Magnates reported that ATFunded, the prop trading unit of CFD broker ATFX, paused its operations while the company conducts a full review of the business, less than two years after launch. | Single-source trade press, citing firm website notice | Finance Magnates | June 6, 2026 | July 2, 2026 |
| The Upside Funding | Rebranded or refreshed identity | Brand transition or consolidation | Finance Magnates reported that The Upside Funding rolled out a redesigned brand and website after nearly 12 months in market. | Single-source trade press, citing firm press release | Finance Magnates | January 26, 2026 | July 1, 2026 |
| FundingTicks | Source reported wind-down or no new onboarding | Wind-down and account handling | Finance Magnates reported that FundingTicks announced it would wind down operations and outlined refund and account-handling steps. | Single-source trade press, citing firm social statement | Finance Magnates | January 19, 2026 | July 1, 2026 |
| Propel Capital | Closed or inactive | Unsustainable economics | Finance Magnates reported that Propel Capital shut down after 14 months, with its website offline and the company citing competition and sustainability concerns. | Single-source trade press, citing company announcement and Companies House filing context | Finance Magnates | August 19, 2025 | July 1, 2026 |
| Fuze Traders | Acquired, merged, or brand retired | Brand transition or consolidation | Finance Magnates reported via TradingView that Fuze Traders would merge with Kubera Markets and that the Fuze Traders brand would be retired. | Syndicated trade press, quoting company executive | TradingView / Finance Magnates | May 16, 2025 | July 1, 2026 |
| Axe Trader | Source reported wind-down or no new onboarding | Other stated cause | Finance Magnates reported that Axe Trader announced an immediate suspension of all trading operations, which the firm attributed to a serious medical emergency affecting company leadership. Traders reported losing access to funded accounts during the suspension. | Single-source trade press, citing firm announcement | Finance Magnates | December 17, 2024 | July 2, 2026 |
| Ascetic Capital | Closed or inactive | Unsustainable economics | Finance Magnates reported that Ascetic Capital announced refunds and ceased operations roughly one week after launch. | Single-source trade press, citing firm social statement | Finance Magnates | December 3, 2024 | July 1, 2026 |
| Smart Prop Trader | Source reported wind-down or no new onboarding | Wind-down and account handling | Finance Magnates reported that Smart Prop Trader stopped onboarding new traders and planned to support existing traders through December 29, 2024. | Single-source trade press, citing firm social statement | Finance Magnates | November 28, 2024 | July 1, 2026 |
| Funded Friends | Acquired, merged, or brand retired | Brand transition or consolidation | Finance Magnates reported that Funded Friends, founded earlier that year, announced it would cease operations and be acquired by competitor TradingFunds, citing a company statement. | Single-source trade press, citing company statement | Finance Magnates | September 30, 2024 | July 2, 2026 |
| Funds For Traders | Closed or inactive | Platform or broker dependency | Finance Magnates reported that Funds For Traders told users it was ceasing operations after Eightcap stopped supporting MT4 and MT5 for prop trading. | Single-source trade press, citing firm statement | Finance Magnates | August 15, 2024 | July 1, 2026 |
| Karma Prop Traders | Closed or inactive | Unsustainable economics | Finance Magnates reported that Karma Prop Traders announced it was suspending operations shortly after introducing a new trading platform, with the firm publicly attributing liquidity problems to what it described as abusive trading practices. The framing of that cause is the firm’s own claim, not a verified finding. | Single-source trade press, citing firm announcement | Finance Magnates | August 12, 2024 | July 2, 2026 |
| Glow Node | Acquired, merged, or brand retired | Brand transition or consolidation | Forex Prop Reviews reported, citing a firm announcement, that Sway Funded acquired Glow Node and that existing accounts would be migrated, with open positions force-closed at a stated deadline during the transition. | Single-source niche trade press, citing firm announcement; publisher carries affiliate relationships | Forex Prop Reviews | August 7, 2024 | July 2, 2026 |
| Funded Engineer | Closed or inactive | Unsustainable economics | Finance Magnates reported that Funded Engineer announced permanent closure, immediate cessation of operations, and a planned bankruptcy filing. | Single-source trade press, citing firm website/social statement | Finance Magnates | July 15, 2024 | July 1, 2026 |
| SI World (Stocknet Institute) | Source reported wind-down or no new onboarding | Wind-down and account handling | Finance Magnates reported that SI World, a brand of UK-based Stocknet Institute, announced it was winding down its prop trading business with the stated goal of permanently closing, describing the move as a strategic exit with plan purchasing disabled and client accounts closed by email notice. | Single-source trade press, citing firm social statement | Finance Magnates | July 5, 2024 | July 2, 2026 |
| SurgeTrader | Closed or inactive | Platform or broker dependency | FX News Group reported that SurgeTrader closed after Match-Trade Technologies revoked its Match-Trader license. | Single-source trade press | FX News Group | May 2024 report | July 1, 2026 |
| True Forex Funds | Closed or inactive | Unsustainable economics | Finance Magnates reported that True Forex Funds ended operations and announced plans to permanently close after saying it could not stabilize its financial position. | Single-source trade press, citing firm website statement | Finance Magnates | May 13, 2024 | July 1, 2026 |
| Skilled Funded Trader | Source reported wind-down or no new onboarding | Platform or broker dependency | Finance Magnates reported that Skilled Funded Trader, a prop firm controlled by Easton Consulting Technologies, temporarily ceased all operations including new purchases, displaying a service-termination notice; the firm had acknowledged issues with its migration to new trading platforms, and the halt came the same period a related Easton portfolio firm paused operations. | Single-source trade press, citing firm website notice and staff statements | Finance Magnates | March 29, 2024 | July 2, 2026 |
| E8 Funding → E8 Markets | Rebranded or refreshed identity | Brand transition or consolidation | Trade press reported that E8 Funding rebranded as E8 Markets in early 2024, repositioning as a “simulated markets” firm with program and rule changes alongside the new identity. This is a brand transition row, not a failure event; the successor brand continues to operate. | Single-source niche trade press, citing firm announcement | FxProp | February 14, 2024 | July 2, 2026 |
Rows are excluded from this archive when the source link is broken, the source page no longer supports the cited claim, the only evidence is public chatter, or the firm appears active or relaunched. Excluded cases stay out until they can be rechecked with dated evidence. Active and relaunched firms are covered on their firm profiles, not here.
Last updated: July 2, 2026. This page is reviewed quarterly. To suggest a correction, see Corrections and Right of Response below.
Common Reported Shutdown Causes
Based on the sourced rows above and broader industry reporting, prop firm closures and wind-downs often cluster around a few patterns. Each row’s reported-cause label maps to one of these patterns. These are patterns in public reporting, not proof that any one firm failed for a single cause.
Platform or broker dependency. Several reports tied closures or service interruptions to platform, broker, or technology-provider changes, including MetaTrader support changes and license or provider withdrawals.
Unsustainable economics. Some reports cited competition, discount pressure, low sales volume, liquidity strain, or a stated inability to continue operating at sustainable terms.
Wind-down and account handling. A few firms announced refund, account-resolution, or support windows rather than an immediate unsupported disappearance.
Brand transition and consolidation. Not every Graveyard row is a failure label. Some rows track mergers, acquisitions, brand retirements, and rebrands so traders can understand what happened to a prior brand name.
Other stated causes. Where a firm gave a cause that does not fit these patterns, the row reports the firm’s stated reason as a claim.
How to Use This Archive
Start with the checked date. Time-sensitive status claims can change. Treat older rows as historical context and verify directly before making a trading decision.
Separate status from blame. A closure, wind-down, merger, or rebrand row does not prove fraud, payout denial, insolvency, or legal liability unless a cited source specifically supports that narrower claim.
Use current firm profiles for active firms. If a firm is active or relaunched, BestProps keeps current facts on the firm profile and uses Graveyard only for sourced historical archive context.
Check adjacent BestProps trackers. Payout policy context belongs in the Payout Ledger, rule-change context belongs in RuleWatch, current offers belong in DealWatch, public chatter trends belong in Pulse, and rebrand and merger lineage is mapped in the Prop Firm Family Tree.
Archive Category Definitions
Closed or inactive: a dated source says the firm ceased operations, shut down, or no longer operates the reviewed prop-trading service. For single-source trade-press rows, read this as the source-described status.
Rebranded or refreshed identity: a dated source says the same firm changed public branding, website identity, or market positioning. This label does not imply a failure event.
Source reported wind-down or no new onboarding: a dated source says the firm stopped accepting new traders, announced a wind-down, or kept only limited support for existing accounts. This category does not mean the business is legally closed.
Acquired, merged, or brand retired: a dated source says a firm was acquired, merged into another company, or that the prior brand will be retired.
Disputed or ambiguous: source evidence is strong enough to track a historical question but not strong enough to choose a firmer status label. No current rows use this label.
Source insufficient: BestProps found chatter or weak leads but no dated evidence strong enough for a public row. These cases are not published in the table.
Source Standards
Every row below is tied to a source checked by BestProps on July 1–2, 2026. Status labels are editorial archive categories used for navigation. They do not prove wrongdoing, current legal status, unpaid obligations, ownership, or successor liability. Most rows are single-source trade-press rows and should be read as source-described status, not independently verified conclusions.
BestProps prefers official firm announcements, regulator or court records, archived official pages, platform-provider notices, broker notices, and reputable industry reporting. Public social chatter can help identify a lead, but it cannot establish closure, ownership, successor liability, payout denial, fraud, or legal conclusions by itself.
Rows involving disputed status, payout allegations, fraud allegations, insolvency claims, regulatory allegations, ownership or control claims, or successor-liability implications receive additional editorial review before they are added or updated, and archived copies of volatile source pages are captured where possible during rechecks.
Editorial and commercial separation: affiliate, sponsorship, paid-placement, and advertising relationships do not decide who appears in this archive, how a row is labeled, or whether a correction is accepted. Where a cited source publisher carries affiliate relationships, the source-type label says so.
Corrections and Right of Response
BestProps invites firms, representatives, traders, and source publishers who believe an entry is inaccurate or incomplete to submit corrections, status updates, or documentation through bestprops.com/contacts. Verified corrections are applied to the relevant entry. Serious disputes are handled with source evidence and clear attribution, and public updates avoid unnecessary personal data. Firms named in rows that involve serious allegations are welcome to submit a response, which will be reviewed and reflected where verified.
