Closures, challenge fees, profit splits, where firms are registered and what Trustpilot shows, computed from the 192 firms PropRadar tracks. Every figure states the base it is computed on, and values PropRadar has not read on a source are left out.
PropRadar records 13 closed firms. The 12 below have a public source; dates are the ones the source gives. 1 more is recorded as closed while the closure source is being documented. For scale, Finance Magnates reported that around 50 prop firms shut down in 2024; this list covers only firms PropRadar tracks.
| Firm | Date | What the source says | Source |
|---|---|---|---|
| MyFundedFX / Seacrest Markets | Seacrest Markets, which had rebranded MyFundedFX as SeacrestFunded, closed all prop trading accounts and open positions on 6 February 2026. | Finance Magnates | |
| Smart Prop Trader | Stopped onboarding new traders on 27 November 2024 and announced it would stop operating on 29 December 2024. | Finance Magnates | |
| Indigo Trader Funding | (reported) | Confirmed that it had ceased trading and ended its partnerships for the evaluation model; it said remaining funds held by its operating partners would go to refunding active paid accounts. Its UK company had applied to be struck off the register on 12 August 2024. | Finance Magnates |
| Karma Prop Traders | (reported) | Announced that it was suspending operations, a week after launching a new trading platform. | Finance Magnates |
| Funded Engineer | Announced a permanent closure and its intention to file for bankruptcy. | Finance Magnates | |
| SurgeTrader | Announced it had ceased all operations, days after Match-Trader terminated its platform licence. | Finance Magnates | |
| True Forex Funds | Announced a permanent closure, citing financial insolvency, after losing MetaTrader access in February 2024. | FX News Group | |
| Skilled Funded Traders | Announced the immediate suspension of operations and new purchases. | Finance Magnates | |
| Syndicate Funded | Not stated | Listed as "no longer operating" by TheTrustedProp; the listed domain redirects to an unrelated site. | TheTrustedProp |
| Inspire Funding | Not stated | Listed as "no longer operating" by TheTrustedProp; Trustpilot states the company website has closed. | TheTrustedProp |
| ForFX | Not stated | Listed as "no longer operating" by TheTrustedProp. | TheTrustedProp |
| Alpicap | Not stated | Listed as "no longer operating" by TheTrustedProp. | TheTrustedProp |
Starting fee of the smallest account, before discounts, for 88 programs in sourced firm files. Half of the programs start between $45 and $99; the median is $63.
| Model | Programs | Lowest | Median | Highest |
|---|---|---|---|---|
| Forex / CFD challenge | 52 | $9 | $55 | $250 |
| Futures evaluation | 23 | $37 | $99 | $159 |
| Instant funding | 13 | $13 | $79 | $499 |
Program by program: prop firm challenges compared. Fees were read on each firm's own pages; the review date is on every firm file. 88 programs counted.
Headline split advertised by 90 open firms whose split PropRadar read on a source. 72 of them advertise between 80% and 90%. Many firms raise the split with scaling or add-ons, so this is the base figure, not the best case.
PropRadar has identified the legal entity country for 105 of 179 open firms. Together they use entities in 28 countries; 46 firms use more than one country, and 26 have at least one entity in the EU. A firm counts once per country.
Official-list markers (FATF increased monitoring, 2026-10-30; EU tax lists, 2026-10-09): none of these countries. A country count says nothing about any single firm. Open the legal map.
PropRadar has checked Trustpilot for 90 open firms. 58 show a rating (median 4.2): 20 at 4.5 or above, 18 from 4.0 to 4.4 and 20 below 4.0. For 32 firms Trustpilot shows no rating and states that it is unavailable because of a breach of its guidelines.
Each notice is dated and linked on the firm file. How to read prop firm reviews.
PropRadar shows a payout-risk level only when it is backed by sources. Today 7 open firms carry a sourced payout warning, 27 have a low level backed by payout proof, and 145 are not assessed because nothing is documented either way.
You can quote these figures freely. Please credit PropRadar and link to this page.
PropRadar, "Prop Firm Statistics 2026", https://www.propradar.tech/prop-firm-statistics (data as of 2026-10-30).Download the data (CSV)
PropRadar records 13 closed firms in its database of 192. 12 have a public source on this page, including 7 closures dated 2024. This is not an industry census: Finance Magnates reported that around 50 prop firms shut down in 2024.
Across 88 programs with a listed entry fee in PropRadar's sourced firm files, the median starting fee is $63 and half of programs start between $45 and $99. These are the smallest accounts before discounts.
Among the 105 open firms whose legal entity PropRadar has identified, the most common countries are United States (33), Saint Lucia (29), United Arab Emirates (27), United Kingdom (20), Cyprus (16). 46 of these firms use entities in more than one country.
Among the 90 open firms whose headline profit split PropRadar read on a source, 72 advertise between 80% and 90%.