Funded Friends, a prop trading firm founded earlier this year, announced it will cease operations and be acquired by competitor TradingFunds, according to a statement from CEO Arjo Janssens.

Prop Firm Funded Friends Closes, Pledges Full Refunds to Traders

From the information posted last weekend on the official Discord and X (formerly Twitter) by Funded Friends, it seems the company has neither liquidity issues nor problems paying out customer funds. According to the CEO, the business side of the prop firm has “lots of potential.” However, Janssens himself wants to focus on his core activities as a financial influencer.

Janssens started Funded Friends in 2024. He said the decision to close the company stems from a desire to refocus his efforts on trading education rather than running a prop trading business.

“I have realized it's not my passion, and it is not a business that I want to keep pursuing,” Janssens stated. “The time and energy put into Funded Friends are taken away from all the value I can bring to people through education instead.”

This is another prop trading firm that announced its closure this month. In mid-September, Gold Funded Trader made a similar move due to a lack of interest in its offerings.

As part of the closure, Funded Friends will provide full refunds to all active account holders. Additionally, traders will receive vouchers equal to their account values for use at TradingFunds. The firm also pledged to pay out profits to funded accounts, even for those not meeting typical minimum trading requirements.