It was another eventful week in prop trading. MyForexFunds is finally putting money back into traders’ hands as it works toward the next stage of its comeback. Topstep is tightening restrictions around CPI trading. Alpha Futures has taken its dispute with Tradovate and NinjaTrader to federal court. And Rev One Trading has abruptly shut down.
Taken together, these stories reinforce something we have been saying for a long time: trading with a credible, well-capitalized firm with a real operating history matters more than getting the cheapest challenge.
Here’s what prop traders need to know.
MyForexFunds Starts Disbursing Owed Trader Rewards
Nearly three years after MyForexFunds was abruptly shut down, one of the biggest questions is finally being answered: Will traders actually get the money they were owed? For at least some of them, the answer is yes.
MyForexFunds says rewards are continuing to be disbursed as it works through the first phase of its repayment process. According to an August 5 update, approximately 90% of First Rollout traders who responded had already been paid and settled, while the remaining group was working through KYC and verification.
That matters because there have been plenty of promises in the prop industry over the years. Actual money reaching traders is different. MyForexFunds has spent the past year recovering assets, rebuilding systems and reconnecting with traders, and paying outstanding rewards is probably the most important credibility test it has faced so far.
Is MyForexFunds Coming Back?
That is clearly the direction it is heading. There is still no definitive relaunch date, but the company has been rebuilding its infrastructure, support systems and trader relationships.
In our view, paying old obligations before aggressively relaunching is exactly what MyForexFunds should be doing. If the firm wants traders to trust it again, resolving the past has to come before selling the future. If MyForexFunds does return, it could become one of the biggest comeback stories the prop industry has seen.
Topstep Tightens Trading Rules Around CPI
Topstep traders who like trading major economic releases need to pay attention. Starting with the July CPI report on Wednesday, August 12 at 8:30 AM ET, Topstep is restricting new trades in equity index futures during the 10-minute period surrounding CPI.
The restricted window runs from 8:25 AM to 8:35 AM ET. New positions in ES, RTY, YM, NQ and NKD will be blocked during that window.
Micro contracts will still be available, but with reduced opening limits based on account size. Existing positions can remain open, and non-equity products such as metals, energy, rates and FX are unaffected.
Topstep says the change is designed to protect traders from the extreme volatility and slippage that can occur around CPI releases. From a risk-management perspective, we understand the reasoning. CPI can move NQ or ES violently in seconds, and some traders effectively treat economic releases like lottery tickets, creating obvious risk for both the trader and the firm.
But there is another side to this. Some traders have legitimate strategies built specifically around economic releases, and for them, this materially changes how they are allowed to trade.
The bigger question is whether this is the beginning of a broader trend. If CPI is considered too risky, does NFP follow? FOMC? PCE? One restriction does not mean more are coming, but traders should watch closely.
Our view is that risk controls are reasonable as long as firms are transparent, give traders sufficient notice and do not constantly move the goalposts.
Alpha Futures Takes Tradovate and NinjaTrader to Court
The Alpha Futures and Tradovate dispute has officially moved into federal court. Alpha Futures filed a complaint against Tradovate LLC and NinjaTrader Group LLC on July 24, 2026 in the U.S. District Court for the Northern District of Illinois.
According to Alpha, Tradovate represented on July 9 that it would provide 90 days' notice, allow an orderly transition and initially only prevent Alpha from adding new users. Alpha alleges that instead, Tradovate terminated trading and platform access beginning over the July 10 weekend, leaving customer accounts inoperable.
Regardless of who ultimately prevails, the dispute highlights a major vulnerability in the futures prop business. That matters because platform, broker and data relationships sit underneath almost everything a futures trader sees. This case could ultimately give the industry a much closer look at how much leverage platform providers have over the prop firms that depend on them.
Rev One Trading Shuts Down Just Two Months After Launch
Meanwhile, another prop firm is shutting down. Rev One Trading, founded by Angelo, the former founder of The Funded Trader, announced that it was ending operations roughly two months after launching its futures offering.
According to the closure notice, trading was disabled on Sunday, August 9 at 11:59 PM ET, accounts were being closed and traders would lose access to the platform. Rev One said all trading was simulated and instructed anyone with open positions to close them before the deadline.
The company also said customers who paid for a live account would receive full refunds this week, and that there are no ongoing subscriptions or recurring charges.
The obvious question is what happened behind the scenes. We may never know which is exactly why traders should be cautious about putting too much weight on flashy launches, huge discounts and aggressive marketing from brand-new firms.
The Bigger Prop Trading Story
These four stories say a lot about where the prop industry stands in 2026. MyForexFunds is showing that rebuilding trust starts with paying people what they are owed. Topstep is showing that established firms are increasingly willing to restrict trading when they believe risk is too high. Alpha Futures is exposing just how dependent prop firms can be on their trading infrastructure providers. And Rev One is another reminder that launching a prop firm is much easier than building one that lasts.
For traders, the takeaway is simple. Stop choosing firms based only on challenge prices, discount codes and payout splits. A 90% payout split means very little if the firm cannot survive long enough to pay you.
Look at operating history, actual payouts, who powers the platform and how often the rules change. Most importantly, pay attention to how a firm behaves when something goes wrong.
Because in prop trading, the best firm is not necessarily the one offering you the most. It may simply be the one that is still there when it is time to get paid.