Is Propel Capital Group still open?
No — Propel Capital Group said on 19 Aug 2025 that it would "wind down Propel Capital as you know it" and that "all trading activity will be halted".
Last checked 11 Oct 2026.
What happened
Propel Capital said on X on 19 Aug 2025 that it would 'wind down Propel Capital as you know it' and that 'all trading activity will be halted', as quoted by FX News Group. Its website now shows a holding page.
Sources
The Propel Capital website (at propelcapitalgroup.co.uk) is now down, and the company posted the following note on its Twitter feed earlier today. ... Today, I have made the extremely difficult decision to wind down Propel Capital as you know it.
We will no longer be processing any payments, and all trading activity will be halted.
We have therefore decided to remove ourselves from the market with immediate effect. ... We will temporarily pause all operations whilst we decide on our next steps.
On 11 Oct 2026 HTTPS fails (certificate error); http://propelcapitalgroup.co.uk/ shows a holding page titled 'propelcapitalgroup.co.uk - Coming Soon': 'This domain is coming soon.'
We use the firm's own statements (directly, or quoted in trade press), official records and our own dated website checks. We do not use forums, Reddit or review sites.
What to do if you had an account
- Use only the firm's official channels (its own website, support email or verified social accounts) for any notice about refunds or payouts. Be wary of anyone who contacts you offering to "recover" money for a fee.
- Keep records: receipts, your account or login ID, emails from the firm, and screenshots of your dashboard and of any closure notice.
- If you paid by card or through a payment provider, your card issuer or provider may have a dispute process. These often have time limits, so ask them early.
This is general information, not legal or financial advice.
Active alternatives
We do not hold verified market data for Propel Capital Group, so these are the highest-scoring active firms in each of the two main market groups.
How we rank: Transparency Index score, highest first, from our verified firm data. These link to our reviews, not to the firms, and affiliate status never changes the order.
Forex and CFD firms
- Traderscale Transparency Index 75/100 · rating 3.7/5
- City Traders Imperium Transparency Index 72/100 · rating 3.6/5
- IC Funded Transparency Index 71/100 · rating 3.5/5
- The Trading Pit Transparency Index 71/100 · rating 3.5/5
- FTMO Transparency Index 70/100 · rating 3.5/5
Futures firms
- MILTRADERS Transparency Index 72/100 · rating 3.6/5
- PropEd Capital Transparency Index 71/100 · rating 3.5/5
- The Trading Pit Transparency Index 71/100 · rating 3.5/5
- FTMO Transparency Index 70/100 · rating 3.5/5
- Upcomers Transparency Index 70/100 · rating 3.5/5
See the full Transparency Index →
Questions
Is Propel Capital Group still open?
No — Propel Capital Group said on 19 Aug 2025 that it would "wind down Propel Capital as you know it" and that "all trading activity will be halted". Last checked 11 Oct 2026.
What happened to Propel Capital Group?
Propel Capital said on X on 19 Aug 2025 that it would 'wind down Propel Capital as you know it' and that 'all trading activity will be halted', as quoted by FX News Group. Its website now shows a holding page.
What should I do if I had an account with Propel Capital Group?
Use only the firm's official channels (its own website, support email or verified social accounts) for any notice about refunds or payouts. Be wary of anyone who contacts you offering to "recover" money for a fee. Keep records: receipts, your account or login ID, emails from the firm, and screenshots of your dashboard and of any closure notice. If you paid by card or through a payment provider, your card issuer or provider may have a dispute process. These often have time limits, so ask them early. This is general information, not legal or financial advice.