Red flag · payouts cut on closureFutures · US · closed 1 October 2026
Nexgen ProTrader Funding
21 / 100 · 65% verified
Why this zone
Red: payouts the firm had already approved were not paid in full — by its own announcement, traders were offered a percentage of what they were owed when it closed for insolvency.
In short
A US futures prop firm that closed on 1 October 2026, citing 'financial insolvency' after losing card processing. By its own announcement, money left could not cover approved payouts in full, so traders were offered a percentage of what they were owed.
Firm details
- Website
- nexgenprotraderfunding (closed)
- What you traded
- CME futures
- Closed
- 1 October 2026
- Reason
- Financial insolvency (its own words)
- Approved payouts
- Percentage-based settlement offers
- Live Cash accounts
- Closed through GFF Brokerage
Approved payouts
partly
settled at a percentage of what was owed
Closed
1 Oct 2026
'financial insolvency' — its own words
Card payments
lost
in August 2026, per the firm
Live Cash accounts
paid
closed via GFF Brokerage
Score by category
Whose money (35%)25
Simulated evaluations and funded accounts; a small Live Cash tier through GFF Brokerage.
Real risk (25%)no data · counted as 50
Rules no longer published.
Trading as a job (15%)0
Closed.
Do they pay (15%)0
Approved payouts settled at a percentage, by its own announcement.
Price and fair rules (10%)0
Semi-Live accounts get no refund, only an account at another firm.
Strengths
- Live Cash accounts closed and paid through a broker
Watch out for
- Approved payouts cut to a percentage
- Evaluation refunds only 'after final reconciliation'
- Semi-Live accounts: no refund
- Closed for insolvency
Who it fits
Fits: nobody — the firm is closed.
Doesn't fit: anyone. If you were owed a payout, keep every message from the firm.
Access: closed.
Remember the one rule
Simulated account after you pass = you trade against the firm.
Real account with real money = your profit is its profit.
Last changes
Closed. We keep this page so traders can check what happened.
Disclosure: no relationship. No affiliate links on red-zone firms.
Sources: Nexgen closure announcement via TheGodFunded (2 Oct 2026) · Checked November 2026. The firm can send corrections.