Active Investigations
Regulatory actions, closures, and rule changes across the prop firm industry, sourced and cited from established financial press. No ads. No advertiser protection.
Polarized Trustpilot record, recurring hold-time and account-termination complaints
GOAT Funded Futures - the futures-focused arm of the GOAT Funded Trader brand, operated by WITI LIMITED (Hong Kong) - shows a polarized 2.8/5 across 163 Trustpilot reviews, with close to half at 1-star. The most consistent, independently-repeated complaint involves a strict minimum trade hold-time rule (reportedly around 2 minutes) that traders say isn't prominently disclosed before purchase, with reports of profits retroactively stripped from trades that closed too quickly. A second recurring complaint involves accounts terminated for alleged 'coordinated group trading' without the firm sharing the evidence behind the determination. Independent reviewers generally describe it as a legitimate, paying firm rather than a scam, with rule-enforcement transparency and support responsiveness cited as the biggest risks. We added GOAT Funded Futures to our review coverage in August 2026 - see its dedicated review page for the full breakdown.
Source: Trustpilot ↗Sam Bradbury acquires Get Funded Now's brand, IP, and customer accounts
Sam Bradbury acquired Get Funded Now's brand, intellectual property, customer accounts, and operating assets on August 5, 2026, returning to direct prop-firm ownership roughly two years after exiting a previous firm, Glow Node. Bradbury Capital Ltd is named as the operating entity - this matches what's currently disclosed on getfundednow.com, which we independently verified when adding the firm to our coverage. The deal's terms are private, and the acquirer states no overdue payouts or unpaid service-provider debts existed at closing, with existing trader accounts and obligations assumed by the new owner. Worth flagging: two of Bradbury's other companies, Propriotec and Rage Creative, continue supplying technology and marketing services to Get Funded Now - a related-party vendor relationship rather than a proven conflict of interest, but worth knowing.
Source: FinanceMagnates ↗Financial Commission launches first self-regulatory certification for prop firms
The Financial Commission announced a voluntary certification and independent dispute-resolution framework for proprietary trading firms on July 22, 2026 - reviewing a firm's rulebook, payout policy, risk controls, and complaint handling, renewable annually. The oversight committee includes people from RUBIK, Truvian, and FPFX Technologies. No firms have been confirmed as certified yet, and participation is voluntary, so this doesn't change anything about a specific firm today - but it's the first industry-wide accountability mechanism of its kind, and worth watching as certifications (or a firm's absence from the list) start to appear.
Source: Financial Commission ↗NinjaTrader split, Alpha Futures denies then reverses on Premium payouts, gets delisted by Prop Firm Match
NinjaTrader sent Alpha Futures (a PropFirmNova affiliate partner) a termination notice on July 9, 2026 alleging an invoice balance over 3 months overdue; the partnership ended July 12, days after Alpha launched its own competing platform, AlphaTrader. Alpha publicly disputed the framing, saying a prior $2.4M overcharge dispute was settled in February and the disputed $225,700 was settlement credit, not new debt. Regardless, Alpha's NinjaTrader-dependent Premium Plan became unviable and was closed, and Alpha initially converted affected traders' already-earned payouts into account refunds instead of paying them out. Prop Firm Match delisted Alpha Futures the same day over traders losing payouts they'd already earned. On July 15, under pressure, Alpha reversed course and paid an initial 10% batch of outstanding Premium payouts, resuming same-day payouts on Zero/Advanced accounts. As of July 25, 2026, no further payout batches or a Prop Firm Match relisting have been publicly confirmed - we're continuing to monitor and will update this case as soon as either happens. We are disclosing this directly on Alpha Futures' own review page as well - see the red flag section there.
Source: FinanceMagnates ↗ASIC cancels Trive's Australian license amid wider CFD-issuer review
Australia's securities regulator (ASIC) cancelled the AFS license of CFD issuer Trive Financial Services Australia, effective July 1, 2026, as part of a broader review covering 52 CFD issuers. Trive had already stopped onboarding new clients in April 2025 after ASIC identified process deficiencies. Not a pure prop firm, but relevant regulatory context for anyone trading CFDs through a similarly-structured broker.
Source: ASIC media release 26-147MR ↗Seacrest Markets shuts down its MyFundedFX prop division
Seacrest Markets, which had absorbed MyFundedFX, emailed traders on February 4, 2026 announcing it was ending its proprietary trading division entirely to refocus on CFD brokerage. Open positions were force-closed on February 6, and traders had until February 28 to manually claim refunds or outstanding payouts.
Source: FinanceMagnates ↗Wave of prop firm closures tied to MetaQuotes platform crackdown
An estimated 80-100 funded-trading firms shut down between February 2024 and the end of 2025 - roughly 13-14% of the industry - largely driven by MetaQuotes revoking MT4/MT5 licenses from firms with improper broker relationships or firms serving US clients. This is a structural/platform-access risk distinct from any single firm's conduct, and worth knowing before choosing a firm that depends on MetaTrader access.
Source: ThePropFirmGuide tracker (aggregator - cross-check recommended) ↗FundingTicks winds down after trader backlash over rule changes
FundingTicks introduced 1-minute minimum trade holds and reduced profit splits in December 2025. The changes triggered significant trader backlash, and the firm announced it was winding down in January 2026.
Source: FinanceMagnates ↗CFTC's fraud case against My Forex Funds dismissed with prejudice
A federal judge dismissed the CFTC's high-profile fraud case against My Forex Funds/Traders Global Group on May 13, 2025, after a court-appointed Special Master found the CFTC acted in bad faith - misrepresenting a routine CAD $31.55M tax payment as evidence of asset dissipation to freeze the firm's accounts. The CFTC was sanctioned over $3M in fees and costs, and several CFTC staff were placed on administrative leave. This doesn't mean the underlying firm was clean - it means the regulator's specific case collapsed on procedural grounds. We're including it because it materially changes how the CFTC's original fraud allegations should be weighed by anyone who read about the original 2023 freeze.
Source: Bloomberg ↗How This Page Works
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Sourcing - Every case here is drawn from established financial press (Bloomberg, FinanceMagnates, court filings) or clearly marked aggregator data - never invented.
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Verification - We check claims against primary sources where possible and flag lower-confidence data (e.g. aggregator-only figures) explicitly rather than presenting it as confirmed.
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No speculation - If we can't independently verify a claim, we don't publish it as fact - unconfirmed rumors and unverifiable numbers are left out entirely.
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Firm-submitted tips - User and firm-submitted tips are welcome and reviewed, but only published once independently corroborated.
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Ongoing updates - Cases are updated as new reporting emerges; each entry links to its source so you can verify it yourself.
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