ATFX Suspends Its Prop Trading Operations

Saturday, 06/06/2026 | 17:30 GMT by Arnab Shome
  • “We have chosen to pause, stabilise, and evaluate alternative models that better align trader success with company sustainability,” a notice on the prop platform's website notes.
  • The CFD broker started its prop business in October 2024.
A screenshot of the notice on ATFunded's website
A screenshot of the notice on ATFunded's website

ATFunded, the prop trading unit of ATFX, has paused its operations and is conducting a “full review of the business.” The service suspension comes less than two years after the contracts for differences (CFD) broker launched its prop business in October 2024.

Evaluating "Alternative Models"

“The prop trading industry has evolved considerably, and we believe it is important to take the time to assess whether our current models are sustainable for the long term,” a notice on the ATFunded website notes. “We have chosen to pause, stabilise, and evaluate alternative models that better align trader success with company sustainability.”

Read more: ATFX to Launch Prop Trading Services

The platform also stresses that it will meet all obligations to its customers and fully refund purchases made by active account holders. It further assured customers that pending payouts would be made to all funded traders.

ATFX is considered one of the major players in the CFD industry, but its financial results are not public as it is a private company operating through several global entities. It also did not, and is not required to, disclose the financial performance of its prop trading unit.

Is It an Alarm Bell?

Drew Niv, Chief Strategy Officer at ATFX, last year revealed that the broker converted more than 10 per cent of its prop traders into brokerage customers.

Meanwhile, the Chief Executive of ATFunded, Joshua Dentrinos, departed earlier this year, only a few months after joining. It remains unclear who took charge of the prop business after his departure.

ATFX’s suspension of its prop business raises serious questions about the sustainability of the funded trader model.

ATFunded, the prop trading unit of ATFX, has paused its operations and is conducting a “full review of the business.” The service suspension comes less than two years after the contracts for differences (CFD) broker launched its prop business in October 2024.

Evaluating "Alternative Models"

“The prop trading industry has evolved considerably, and we believe it is important to take the time to assess whether our current models are sustainable for the long term,” a notice on the ATFunded website notes. “We have chosen to pause, stabilise, and evaluate alternative models that better align trader success with company sustainability.”

Read more: ATFX to Launch Prop Trading Services

The platform also stresses that it will meet all obligations to its customers and fully refund purchases made by active account holders. It further assured customers that pending payouts would be made to all funded traders.

ATFX is considered one of the major players in the CFD industry, but its financial results are not public as it is a private company operating through several global entities. It also did not, and is not required to, disclose the financial performance of its prop trading unit.

Is It an Alarm Bell?

Drew Niv, Chief Strategy Officer at ATFX, last year revealed that the broker converted more than 10 per cent of its prop traders into brokerage customers.

Meanwhile, the Chief Executive of ATFunded, Joshua Dentrinos, departed earlier this year, only a few months after joining. It remains unclear who took charge of the prop business after his departure.

ATFX’s suspension of its prop business raises serious questions about the sustainability of the funded trader model.

About the Author: Arnab Shome
Arnab Shome
  • 7365 Articles
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About the Author: Arnab Shome
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well. His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report. Area of coverage: 1. CFD broker-related news 2. Industry-related Regulatory updates and developments 3. New retail trading trends 4. Prop trading industry updates 5. Executive interviews Education: Bachelor of Technology - National Institute of Technology, Agartala (India)
  • 7365 Articles
  • 137 Followers

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