Prop Firm Blacklist: Firms We Do Not Recommend

This blacklist is an editorial alarm board—not a court docket. Entries reflect firms we place in our avoid tier based on public reports, regulatory actions, or sustained trader complaints. Always verify claims with primary evidence before acting.

Read before you share

Defamation law is serious. We publish patterns, not accusations against specific legal entities, unless linked to primary sources off-site. Consult counsel before naming operators in public channels.

Avoid tier firms

The following firms have been flagged based on publicly reported issues, regulatory actions, or trader complaints.

⚠️ Payout complaints

Funded Engineer

Multiple payout complaints reported.

From $0 · 0% split · Est. 2023

26/100

Payout reliability 22

Rule fairness 35

Support 20

Value 25

Cons

Multiple payout delay complaints on Reddit and Trustpilot
Support response times reported as very slow
Rule enforcement inconsistencies reported by traders

Last verified: April 2026

Learn why we don't recommend this firm →

⚠️ Shut down by regulators

MyForexFunds

Shut down by regulators in 2023.

From $0 · 0% split · Est. 2020

19/100

Payout reliability 10

Rule fairness 30

Support 20

Value 15

Cons

Shut down by CFTC and NFA in August 2023
Traders lost access to funded accounts
No payout resolution for affected traders

Last verified: April 2026

Learn why we don't recommend this firm →

⚠️ Closed without warning

Surge Trader

Closed abruptly in 2024 with no warning.

From $0 · 0% split · Est. 2021

15/100

Payout reliability 8

Rule fairness 25

Support 15

Value 10

Cons

Closed without warning in 2024
Traders reported missing payouts
No official explanation given

Last verified: April 2026

Learn why we don't recommend this firm →

⚠️ Operations suspended

True Forex Funds

Operations suspended in 2023.

From $0 · 0% split · Est. 2021

18/100

Payout reliability 12

Rule fairness 28

Support 18

Value 12

Cons

Suspended operations in 2023
Withdrawal requests went unanswered
Traders reported account closures without notice

Last verified: April 2026

Learn why we don't recommend this firm →

Methodology

Signal ingestion

We monitor breach-letter threads, chargeback narratives, BBB-style complaints, and verified payout screenshots when traders provide consent.

Weighting

Two independent payout failures with documentation outweigh anonymous Discord rumors. We deprioritize affiliate revenge posts without evidence chains.

Updates

Firms can exit this illustrative blacklist page when credible third parties show sustained payout repairs—but marketing promises alone do not clear a record.

Legal disclaimer

PropFirmPaid provides educational commentary and does not provide legal or investment advice. Summaries rely on public reporting and trader narratives; confirm every fact with independent counsel and official records. Past issues do not predict future behavior for any brand.

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