The Forex Funder is a confirmed exit scam. Read what happened, why traders lost money, and which firms to consider instead.
StatusSCAM
Liveness checkUNKNOWN (TIMEOUT)
Confidencehigh
Last verified2026-04-22
What we found
1,580 TP reviews — 2.6/5 rating. 'Error 1000' on website as of July 2025. Acquired by AXE Securities Aug 2024 then went silent. Thomas Cobain owner. Linked to The Peoples Prop (same operator network). Massive exit scam.
What happened
The Forex Funder is one of the prop firm exit scams of 2024-2026. The pattern was familiar:
attractive marketing and frequent discounts → sudden payout delays → blanket excuses
("migration", "Risk Team review", "we're working on it") → traders banned from Discord for asking about
payouts → social media goes dark → domain stops responding.
For traders affected, the practical options are:
Chargeback through your card issuer if the purchase was within the dispute window
Report to the relevant consumer protection authority in the firm's stated jurisdiction
Add your experience to PayoutJunction and Trustpilot to warn others
For traders evaluating their next firm, the lesson is that long operational history,
third-party payout verification (PayoutJunction), and transparent legal entity disclosure
are the most reliable signals — not the size of the discount.