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PROPFILES

Independent Prop Firm Transparency Reports
7 firms monitored · 4 closed cases · 1579 trader reports
Last file updated February 27, 2026

Had a problem with a prop firm?

Your report is read by a human, and your identity never appears on the site. Being reported is not the same as being proven: of the 93 items on file, 86 carry a document we were able to check ourselves. The others are published as reported, and say so.

How It Works →
■ FEATURED INVESTIGATION

Funded Engineer: 10 Red Flags on File

From retroactive rule changes to alleged fake Trustpilot reviews — our investigation documents a pattern of concerning practices reported by 1284 traders.

95/100
Severity
10
Verified Evidence
N/A — No payouts ever processed
Avg Payout Delay
🔍
ALL FIRMS — SEVERITY RANKING

Funded Engineer

fundedengineer.com — Tristian Talbot / Harri Sawicki
95
CRITICAL · → Stable at closure
🚩 10🗣️ 1284⏱️ N/A — No payouts ever processed
Systematic Fraud by ManagementFake Trader Accounts & Wash Trading

Funding Ticks

Funding Pips (rebrand)
94
CRITICAL · ↗ Worsening at closure
🚩 21🗣️ 12⏱️ 34 days
Payout DenialsRetroactive Rules

SurgeTrader

Valo Holdings Group
93
CRITICAL · ↗ Worsening at closure
🚩 7🗣️ 8⏱️ N/A — Shutdown
Founder's Husband: $35M Ponzi SchemeDouble License Revocation

True Forex Funds

TFF
92
CRITICAL · ↗ Worsening at closure
🚩 8🗣️ 10⏱️ N/A — Shutdown
Financial InsolvencyLicense Revoked

FundedFirm

fundedfirm.com — Alleged clone of FundedNext
91
CRITICAL · ⏸ Was worsening · Feb 27, 2026
🚩 8🗣️ 212⏱️ N/A — Most denied
$85M Fabricated PayoutsCloned Website

MyForexFunds

Traders Global Group Inc.
90
CRITICAL · ⏸ Was improving · Feb 3, 2026
🚩 3🗣️ 8⏱️ Pending — Recovery Phase
CFTC Lied to CourtCase Dismissed + Sanctions

Funding Pips

Same CEO as Funding Ticks (Khaled Ayesh)
78
SERIOUS · ⏸ Was worsening · Jan 26, 2026
🚩 6🗣️ 8⏱️ Delays Reported
Same CEO as Funding Ticks7/8 Warning Signs Match

Nova Funding

Nova Funded
75
SERIOUS · ⏸ Was worsening · Jan 28, 2026
🚩 4🗣️ 14⏱️ 22 days
Payout DelaysAccount Breaches

Alpha Capital

Alpha Capital Group
58
MODERATE · ⏸ Was stable · Jan 25, 2026
🚩 0🗣️ 9⏱️ 12 days
Profit Split ReductionScaling Limits

Apex Trader Funding

ATF
45
MODERATE · ⏸ Was worsening · Jan 30, 2026
🚩 2🗣️ 11⏱️ 14 days
Rule ComplexityTrailing Drawdown

QuickFunded

25
MINOR · ⏸ Was stable · Jan 15, 2026
🚩 0🗣️ 3⏱️ 6 days
Minor Dashboard BugSlow Weekend Support
PropFiles is powered by the trading community
93 evidence items · 11 firms investigated · 100% free

Got evidence? Screenshots, emails, Discord messages? Submit anonymously — we verify and publish within 48h.

METHODOLOGY

How We Score

Each firm is scored 0–100 on the severity of what is documented — evidence only, never opinion, sponsorship or affiliate status. A partner firm gets no special treatment: partnership removes no evidence and changes no score.

This is not the MLS Score. The MLS Score (0–5) compares firms and ranks them; this one records problems. A firm can hold a high MLS Score and a high severity score at the same time — Apex Trader Funding is our top-ranked firm and carries 62 here. Both are true because they answer different questions. A low severity score does not mean a firm is safe; it means nothing serious is documented yet.

The severity of a past event does not decrease: what happened, happened. A firm's current situation can improve, and that is carried by its status rather than its score — MyForexFunds scores 90 for the 2023 shutdown while its status records that it was vindicated in 2025. Every firm named here can respond, and its response is published alongside the evidence rather than replacing it.

90–100
CRITICAL
Documented loss of trader funds, or established deliberate fraud.
70–89
SERIOUS
Systemic documented problems, with no confirmed loss of funds.
40–69
MODERATE
Documented problems, but isolated rather than systemic.
20–39
MINOR
Few reports, at the level normal for any business.
0–19
NOTHING DOCUMENTED
No significant problems documented. This does not mean the firm is safe.
Key rules: Shutdown = automatic 90+. Low scores use neutral language — "no major issues" never means "safe" or "trusted." Scores reflect documented evidence only.

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25 firms we cover with no file open

These are the firms in our comparison catalogue that have no PropFile. That is a statement about our work, not a verdict on them: no file open means we have not documented a problem, not that none exists. We open a file when evidence reaches us and we can check it. Firms that have shut down are not listed here.

Blueberry FundedBluSky TradingBrightFundedBulenoxDNA FundedE8 MarketsEarn2TradeElite Trader FundingFTMOFunded NextFunded Trading PlusFXIFYGoat Funded TraderLucid TradingLux Trading FirmMaven TradingMy Funded FuturesSabioTradeTake Profit TraderTaurus ArenaThe5ersThinkCapitalTopOneTraderTopStepTradeify