PropŞikayet.com · Industry Intelligence & Risk Blacklist
Prop Firm Blacklist (2025-2026) — @US_X01 Investigation
Comprehensive open-source survey across 376 prop firms: 84 collapsed entities, active high-risk operations, 12 common payout rejection reasons, and capital defense principles.
84 Firms
Collapsed or ceased operations (2024–2026)
95%+
Collapsed firms that sold discount promos up to final day
12 Rules
Standard pretext traps used to void payouts
10 Rules
Capital protection checklist
1. Collapsed & Bleeding Prop Firms (2024–2026)
| Firm Name | Date of Collapse | Primary Cause |
|---|---|---|
| My Forex Funds (MFF) | Sep 2023 - 2024 | CFTC fraud action, asset freeze, Ponzi model allegations. |
| The Funded Trader (TFT) | Mar - Apr 2024 | Payout backlog, CEO resignation, operational halt. |
| Funded Engineer (FE) | Feb - Jul 2024 | FPFX software revocation for fake payouts, official bankruptcy. |
| True Forex Funds (TFF) | Feb 2024 | MetaQuotes license ban, liquidity drain. |
| SurgeTrader | May 2024 | Match-Trader platform failure, sudden closure. |
| Fidelcrest | 2024 | Unpaid payouts and radio silence. |
2. Top 12 Payout Rejection Pretexts
| # | Pretext | Mechanism |
|---|---|---|
| 1 | IP / Device Overlap | Claiming shared IP address or VPN matching another user. |
| 2 | Latency Arbitrage | Accusing fast execution of exploiting feed delays. |
| 3 | Martingale / Grid | Banning layered averaging positions. |
| 4 | News Trading Violation | Voiding profits made within ±2-5 mins of major releases. |
| 5 | Tick Scalping | Voiding trades held under 60-120 seconds. |
| 6 | Inconsistent Lot Size | Rejecting payouts based on arbitrary lot size spikes. |
| 7 | Group / Copy Trading | Unsubstantiated claims of copying third-party signals. |
| 8 | Best Day Rule | Capping single day profits at 30-40% of total gain. |
| 9 | Sole Discretion Clause | Contractual right to terminate accounts without explanation. |
3. 10 Golden Rules for Capital Safety
- Diversify Capital: Never keep 100% of your prop capital in a single entity.
- Test Small First: Buy a minimum size evaluation and request a test payout before scaling up.
- Record Everything: Screenshot daily dashboards, green checkmarks, and order tickets.
- Ignore 80% Discounts: Extreme discounts are almost always desperate liquidity grabs.
- Know the Drawdown: Distinguish between Trailing and End-of-Day (EOD) drawdown models.
- Withdraw Immediately: Request every dollar available the moment you hit the payout window.
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