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Traders,
After careful consideration, Nexgen ProTrader Funding has made the difficult decision to cease operations. Bottom line: we ran out of money [our stops have been hit]. Despite trying to recover from losing our credit card processing since August, we have been unable to do so.
Our priority now is to wind down operations in an orderly and responsible manner, treat our traders as consistently and fairly as possible, and distribute our remaining funds to the clients we owe.
October 1, 2026, 5 PM ET – New Account Sales End
Effective October 1, 2026, Nexgen ProTrader Funding will no longer sell new evaluation accounts, funded accounts, Semi-Live accounts, resets, or other new trading programs. All the live data will be disconnected from the CME, and all accounts will be unable to trade from that date forward.
The Discord will be closed for all Prop participants
As part of the wind-down, Nexgen will address each category of active trader separately based on the type of account or obligation involved.
1. Approved Payouts
Nexgen ProTrader Funding has determined that the funds available during the wind-down are insufficient to satisfy all outstanding approved payouts in full.
We want to distribute the available funds as consistently and equitably as possible rather than pay certain approved payouts in full while leaving other traders unpaid.
Accordingly, Nexgen will offer each trader with an outstanding approved payout a payment equal to a % of the approved payout amount as a proposed final settlement of that payout obligation.
For example:
Affected traders will receive individual communication identifying:
Their approved payout amount.
The settlement amount being offered.
The applicable settlement terms.
Instructions for accepting and receiving the settlement payment.
Our goal is to reach as many affected traders as possible with the available funds while treating all approved payout holders under the same settlement structure.
2. Existing Semi-Live Accounts
Everyone at Nexgen cares deeply about our clients, and we want our traders to have an opportunity to continue trading after Nexgen ProTrader Funding closes. Since we won't be offering refunds for any accounts, we've arranged a replacement account for you with another prop firm.
As part of the closure of Nexgen ProTrader Funding, all active Nexgen Semi-Live Accounts will be discontinued.
To help our traders continue trading without immediately purchasing another account, Nexgen has been working with Greg Khojikian, GFF Brokerage, and Legends Prop Firm to establish a transition program for eligible Nexgen traders.
Greg will generously donate FREE ELITE Legends accounts for every eligible trader with an active Nexgen Semi-Live Account as a replacement. Each Nexgen semi-live account will receive a comparable complimentary Elite Trading Account with Legends Prop Firm, and that information will come directly from Nexgen and/or Legends Prop Firm with instructions.
Eligible traders will receive additional instructions directly regarding:
Legends account eligibility.
Account activation.
Login credentials.
Applicable Legends trading rules.
The effective transition date.
For more information, visit Legends Prop Firm:
The Legends account is being provided as a transition benefit and will be subject to Legends Prop Firm's own rules, terms, and account requirements.
3. Active Evaluation Accounts
Traders who currently have an active Nexgen ProTrader Funding Evaluation account(s) will not be transitioned into a Legends Elite account
Instead, Nexgen will refund the applicable active evaluation account purchase.
Nexgen will communicate additional information about the refund process, eligibility, and payment timing directly to affected traders.
Only evaluation accounts that are active and eligible under the final wind-down reconciliation will be included in this refund process.
Our focus during this transition will be to:
Stop accepting new business effective October 1, 2026.
Reconcile all outstanding approved payout obligations.
Offer approved payout holders a consistent % settlement structure.
Refund eligible active evaluation accounts.
Transition eligible Semi-Live traders to complimentary Legends Elite accounts.
Close and reconcile Nexgen Live Cash accounts through GFF Brokerage.
Pay applicable Live Cash trader profit shares.
Communicate directly with affected affiliates regarding the steps applicable to them.
We ask for your patience as our team completes account reconciliation, payouts, refunds, transitions, and live trading balances.
Thank You To everyone who has traded with Nexgen ProTrader Funding, supported our company, referred traders to us, or been part of our community.
Everyone at Nexgen sincerely appreciates the relationships we have built with our traders.
This was not an easy decision, and it is not how we wanted the Nexgen ProTrader Funding story to end.
Our goal now is to complete the wind-down in an organized, responsible manner; distribute available resources to affected traders fairly; and provide our existing traders with a path forward through Legends Prop Firm.
We will communicate further instructions regarding approved payout settlements, evaluation refunds, Legends account transitions, and Live Cash account closures directly to affected traders.
We wish you the best in your future trading.
The Nexgen ProTrader Funding Team