Brief Look at Seacrest Markets
The Seacrest Markets company officially announced the closure of its prop trading division on February 6, 2026. Seacrest Markets held a license from the South African regulator (FSCA) and decided it was more profitable to operate as a traditional CFD broker, leveraging its accumulated client base from the prop trading industry.
Seacrest Markets (formerly MyFundedFX) transitioned from a prop firm to a broker due to regulatory pressure and a shift toward a more stable business model. However, the company is considered high-risk due to reported issues with salary payments, trader complaints regarding profit payouts, and the use of aggressive deposit bonuses.
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