Before you buy a challenge, check this list. These firms stopped operating, stopped paying, or were shut down by regulators — verify a firm isn't here before you fund an account.
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8 closed or suspended firms tracked
Also known as: MFFX
Closed: September 2026
MyFundedFX rebranded to SeacrestFunded and later operated a licensed brokerage as Seacrest Markets, which has since published a closure notice confirming it is no longer operating. Do not purchase a new challenge under any of these brand names.
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Closed: June 2024
Parent company Match-Trade/Surge wound down the funded-account program, citing banking and payment-processor difficulties. Traders with pending profit splits reported being redirected to a lengthy claims process instead of receiving payouts under the originally advertised cycle.
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Closed: May 2024
Operations wound down with minimal advance notice; the trading platform and dashboard access were discontinued while trader profit-split claims remained outstanding and unaddressed.
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Also known as: TFT, True Forex Trading
Closed: March 2024
Traders reported months of delayed and unfulfilled payout requests through late 2023 and early 2024. Support tickets went unanswered and the firm never issued a clear public statement confirming continued operations, leading to a widespread consensus in the funded-trading community that it had gone defunct.
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Closed: February 2024
Site access and client support became intermittent before going fully offline. No formal closure notice was issued to funded traders, leaving outstanding profit-split claims unresolved.
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Closed: January 2024
The firm stopped issuing new challenges and became largely unresponsive to support and payout requests. Its official site and social channels went inactive shortly after, and it is now broadly listed as defunct by the funded-trading community.
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Also known as: SFT
Closed: November 2023
Multiple traders reported delayed payouts and intermittent account access starting in late 2023. Public communication from the firm slowed sharply afterward, and it is widely reported as no longer honoring new withdrawal requests.
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Also known as: MFF
Closed: September 2023
US regulators (the CFTC and SEC) filed emergency enforcement actions against parent company Traders Global Group Ltd., alleging the firm misrepresented profit-split payouts and manipulated trading conditions against funded traders. A US court froze company assets and appointed a receiver, forcing an abrupt halt to new challenge sales, trading access and outstanding withdrawals within days.
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This page summarizes publicly reported closures and trader complaints. It is not legal or financial advice and is not a determination of fraud. Details can change quickly — always verify a firm's current status directly before buying a challenge or requesting a withdrawal.
