24/06/2026
They took your challenge fee. Then they shut down.
That is the reality for thousands of traders globally after 80-100 prop firms collapsed between early 2024 and late 2025.
The causes were not random - and they were not inevitable.
We went through the verified data: what actually caused the collapse, why only 7% of prop traders ever see a payout, and what a legitimate trading evaluation pathway looks like in 2026.
This is not a scare article. It is the information that separates traders who make informed decisions from those who keep paying challenge fees into firms that were never going to pay them out.
Full article link in the first comment 👇🏻