ATFX’s Prop Trading Arm ATFunded Halts Operations for ‘Full Review’

ATFunded, the proprietary trading unit of CFD broker ATFX, has suspended its operations and launched a “full review of the business.” The halt comes less than two years after the prop trading desk was launched in October 2024.

“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,” the company said on its website. “We have chosen to pause, stabilise, and evaluate alternative models that better align trader success with company sustainability.”

ATFunded added that it would meet all customer obligations, fully refund active account holders for purchases, and make pending payouts to all funded traders.

ATFX, a major player in the contracts for differences (CFD) space, is a private company operating through multiple global entities and does not disclose financial results for its prop trading unit.

Last year, ATFX Chief Strategy Officer Drew Niv said the broker had converted more than 10% of its South American prop traders into brokerage clients. Meanwhile, ATFunded CEO Joshua Dentrinos left earlier this year, just months after joining. It is unclear who now leads the business.

The suspension raises fresh questions about the long-term viability of the funded trader model.