Unverified & Closed Prop Firms

This section covers prop trading firms that have closed, ceased operations, faced regulatory action, rebranded, or otherwise fall outside Propfirmbook's verification process. "Unverified" means we no longer — or never did — track their live challenge pricing, payout terms, and trading rules against their own site. For firms we actively monitor, browse the main directory.

Ceased Operations2024-03-28

Skilled Funded Traders

The sister firm of The Funded Trader suspended all operations one day after its sibling halted in March 2024 — and unlike its sibling, never returned.

Read what happened →

Ceased Operations2025-12

Nova Funding

The anonymous prop firm's website went offline around December 2025 amid unresolved payout complaints and never returned — no official statement was ever made.

Read what happened →

Ceased Operations — Rebranded2024-06

Bespoke Funding Program

After an FCA warning, platform loss and mounting payout complaints, the UK-founded firm wound down in mid-2024 and redirected to a successor brand.

Read what happened →

Ceased Operations2024-05-24

SurgeTrader

The Florida prop firm closed the same day it announced it was ceasing operations, weeks after losing its second trading platform in four months.

Read what happened →

Ceased Operations — Bankruptcy2024-07-15

Funded Engineer

The Dubai-based firm closed and announced bankruptcy in July 2024, months after its technology provider terminated its license amid fraud allegations.

Read what happened →

Closed — Orderly Wind-Down2024-12-29

Smart Prop Trader

The US firm announced a planned shutdown in November 2024, honored refunds and payouts through a final trading date, and is cited as the industry's model graceful exit.

Read what happened →

Closed — Regulatory Case Dismissed2023-08-29

My Forex Funds

The largest prop firm of the boom era was frozen by a CFTC action in August 2023 — a case dismissed with prejudice in 2025, with the regulator sanctioned.

Read what happened →

Collapsed & Relaunched — Unverified2024-03

The Funded Trader

One of the biggest boom-era prop firms paused operations in March 2024 with a large payout backlog, then relaunched in late 2024. It operates today but remains outside our verified directory.

Read what happened →

Closed2024-05-13

True Forex Funds

The Hungarian prop firm lost its MetaTrader licenses in February 2024 and announced permanent closure three months later, citing insolvency.

Read what happened →