A closure, and a name traders will recognise.
Rev One Trading, a futures prop firm, has shut down. Its founder, Angelo Ciaramello, confirmed the closure directly and said he is stepping away from prop firms to focus on prediction markets. Ciaramello is also the founder of The Funded Trader (TFT), a firm with an extensively documented history of trader payout disputes. Neither fact confirms anything about the other, but both are worth knowing together.
Ciaramello posted directly on his own X account: "As of last week @revonetrading has been shut down. We built an amazing product but did not have a top platform option which hurt our ability to scale. It's been a legendary run from @thefundedtrader to multiple other firms but it's time to retire from prop firms and focus on..." The remainder of the post, cut off in the platform's preview, was reported by Finance Magnates as stating his intent to focus on prediction-market products, without naming a specific product or timetable.
Rev One Trading appears to be connected to a futures venture Ciaramello first announced in July 2024 under the name The Futures Traders, a plan that drew significant backlash from traders at the time given TFT's reputation, and took roughly two years to materialise into an operating firm before this closure.
What is confirmed.
The closure of Rev One Trading and Ciaramello's stated reason are confirmed directly in his own X post, corroborated by Finance Magnates' reporting the same week. Ciaramello's founding role at The Funded Trader, and TFT's documented history of payout disputes, are independently confirmed across extensive prior trade press coverage, including Finance Magnates' own reporting that TFT paused all operations amid backlash in March 2024, was suspended from major prop firm comparison sites the same month, and that traders with payout complaints from that period largely remained unresolved as of 2026.
What remains uncertain.
Ciaramello's statement does not address what happens to any trader accounts, evaluations, or pending payouts at Rev One Trading at the time of closure. What specific "prediction market" products he intends to pursue, and when, was not specified.
We could not independently verify whether Rev One Trading had payout or trust issues of its own separate from TFT's documented history. No such claims were made in the sources we reviewed, and none should be inferred. If you held an account with Rev One Trading, seek direct clarification on its status rather than relying on the closure announcement alone.
Why this matters.
The stated reason for closing, an absence of a competitive platform to support growth, is a plausible, ordinary business explanation on its own. It's worth reading alongside the fact that this is not Ciaramello's first prop firm closure or pivot.
The Funded Trader itself experienced a well-documented operational pause and payout backlog in 2024 that reportedly remains partially unresolved. Neither history requires assuming the worst about Rev One Trading specifically, but a trader with funds or an active evaluation at Rev One Trading has good reason to seek direct clarity on their account status rather than rely on the closure announcement alone.
What happens next.
We will update this piece if further detail emerges on the status of Rev One Trading accounts, or if Ciaramello names the prediction-market products he referenced.
A firm's operating history and platform reliability are worth checking before funding an account anywhere. Apex Trader Funding is another established futures firm worth comparing on documented terms, currently running a discount on evaluation fees.
Questions, answered.
Sources
- Angelo Ciaramello, official statement, @savedbyfx on X, August 21, 2026.
- Finance Magnates, TFT Founder Closes Futures Prop Firm, Turns to Prediction Markets, financemagnates.com, August 21, 2026.
- Finance Magnates, prior reporting on The Funded Trader's 2024 operational pause and payout disputes, accessed August 2026.
