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PropsMap

Closed and banned prop firms

Firms that stopped trading or were stopped by a regulator, with the date and what happened. They no longer appear in our listings or comparisons.

  1. Smart Prop Trader

    ClosedClosed on December 29, 2024

    Stopped taking new traders on 27 November 2024 and closed on 29 December 2024, giving traders time to request their payouts first.

    Sources: Finance Magnates

  2. True Forex Funds

    ClosedClosed on May 13, 2024

    Stopped all operations and announced a permanent closure after failing to stabilise its finances. Traders reported lost funded accounts and blocked payouts.

    Sources: Finance Magnates

  3. My Forex Funds

    ClosedClosed on August 29, 2023

    Operations frozen by action from the CFTC (United States) and the Ontario Securities Commission. The US court dismissed the CFTC's complaint on 13 May 2025 and sanctioned the agency. The firm has announced it will reopen on 23 November 2026.

    Sources: Finance Magnates, PropFirmMatch

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