Leading global CFD firm ATFX recently announced the suspension of its proprietary trading arm, ATFunded, following a comprehensive business review. The prop trading service, officially launched in October 2024, was halted after operating for less than two years. The official statement cited significant shifts in the prop trading landscape, stating the company deemed it necessary to prudently evaluate whether the existing model could achieve stable long-term operations. This adjustment aims to strengthen foundational elements and explore new operational models, seeking a balance between trader profitability and corporate sustainable development.

Regarding client rights protection, the platform pledged to strictly fulfill all obligations to its customers. Deposits from actively operating accounts will be fully refunded, while pending earnings for all funded traders will be disbursed on schedule. As a non-listed company, ATFX conducts business through multiple overseas entities, and its financial data remains undisclosed. Consequently, there is no obligation to reveal specific operational details regarding its proprietary trading division.

This suspension coincides with recent management changes. ATFunded CEO Joshua Dentrinos resigned earlier this year after serving for only a few months, and the current head of the prop trading division remains undefined. Previously, ATFX's Chief Strategy Officer revealed that the company had converted over 10% of prop traders in the South American region into brokerage clients. As this leading institution contracts its operations, the industry is beginning to deeply examine the sustainability of the asset management-style trader model.