It looks like the still-expanding retail prop trading phenomenon is not for everyone. Or, for every online broker.

ATFX, which in early 2025 joined a number of other CFD brokers by launching its own branded prop firm unit called ATFunded selling trader evaluation challenges to retail traders, is apparently shutting down ATFunded.

ATFX originally hired a small team of (mainly) ex MyForexFunds executives to lead ATFunded. ATFunded CEO Josh Dentrinos left the company earlier this year, and now Connor Mccourt, who took his place as General Manager, has also left the company.

Technically, ATFunded is stating that ATFunded is “pausing operations”. However the company is refunding all client purchases, and as noted above the two key executives running the business have now left.

ATFX is operated from several locations worldwide, primarily from Hong Kong, Dubai, and London. ATFX is controlled by its Chairman, Chinese national Hiu Keung (Joe) Li.

The ATFunded website is now showing the following message in place of its Home Page.

After careful consideration, ATFunded has made the decision to pause operations while we conduct a full review of the business and our current offerings.

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. We have chosen to pause, stabilise, and evaluate alternative models that better align trader success with company sustainability.

Most importantly, we want to reassure our traders that we remain committed to meeting our obligations. All customers with active accounts will receive a full refund of their purchase, and all funded traders with eligible profits will receive their payouts in accordance with our rules. Further details regarding timelines and the process will be communicated directly over the coming days.

MT5 will be set to close only and all trades need to be closed by 1pm EST today.

We would like to thank every trader who has supported ATFunded throughout its journey. Your support, feedback, and trust have meant a great deal to us.

Additional information regarding customer accounts and next steps will be communicated directly where applicable.

Thank you for your support, understanding, and trust throughout this journey.

ATFunded General Manager Connor Mccourt posted the following note on both X.com (handle @atf_cj) and on LinkedIn.

After a great deal of thought, I recently made the decision to step down from my role and pursue a new opportunity. As many of you will have seen, this comes at a time when ATFunded has also announced that it will be pausing operations while the business reviews its future direction.

Over the past 18 months, I have had the privilege of working with an incredible team and supporting a fantastic community of traders. It has been a rewarding experience filled with challenges, growth, and many memorable moments.

I would like to thank everyone who has supported both myself and ATFunded throughout my time with the company. The relationships built, lessons learned, and experiences gained are things I will always be grateful for.

The team will handle this transition professionally and fulfil its commitments to all traders during this period.

As for me, I am excited for the next chapter and the opportunity ahead. I look forward to sharing more about that in the near future.

Thank you once again to everyone who has been part of the journey. I wish you all the very best for the future.