Prop Firm Death Watch

Apex 4.0 launched with major rule changes — overnight holding eliminated, new monthly fees introduced.

Apex Trader Funding launched its 4.0 overhaul on March 1, 2026. While not a collapse, the changes were significant enough to impact existing traders: overnight position holding was eliminated (all pos...

Shut down with little warning. Traders reported losing access to funded accounts overnight.

MyFundedFX ceased operations in February 2026. The firm had been showing signs of stress for several months prior, including delayed payouts and unresponsive support. Traders with active funded accoun...

Ownership changes and platform migration in late 2025 / early 2026 caused disruption for active traders.

E8 Funding underwent ownership changes in late 2025 that were initially communicated poorly to the trader base. Concurrent with the ownership transition, the firm migrated its trading infrastructure, ...

Tightened drawdown rules and increased challenge prices in November 2025, drawing backlash from the trader community.

In November 2025, Fidelcrest announced changes to its challenge parameters: maximum drawdown limits were reduced by approximately 1-2% across account sizes, and challenge fees were increased by 10-15%...

Multiple reports of payout delays surfaced in late 2025, with some traders waiting weeks beyond the stated processing window.

Starting around August 2025, Surge Trader traders began reporting significant delays in payout processing. While the firm's stated payout window was 5-7 business days, multiple traders reported waitin...

Extended payout delays reported throughout early 2024, followed by operational restructuring.

The Funded Trader experienced significant payout delays in early 2024, with some traders waiting 4-8 weeks for withdrawals. The firm attributed delays to 'operational restructuring' and 'banking partn...

Shut down by the Ontario Securities Commission (OSC). One of the largest prop firm collapses in industry history.

My Forex Funds was shut down in September 2023 following action by the Ontario Securities Commission (OSC) and the Commodity Futures Trading Commission (CFTC). At the time of closure, MFF was one of t...

Shut down after regulatory intervention by Czech authorities (CNB).

True Forex Funds was ordered to cease operations by the Czech National Bank in September 2023. The firm had been one of the larger prop firms operating from Prague, offering challenges similar to FTMO...