Rev One Trading, a futures prop firm, is done. Founder Angelo Ciaramello confirmed on X that the firm had already been shut down the week before his announcement, and he’s stepping away from prop trading entirely to focus on prediction markets instead.
His stated reason wasn’t a shortage of traders or weak demand for the product. It was infrastructure. “We built an amazing product but did not have a top platform option, which hurt our ability to scale,” Ciaramello wrote, adding that it was time to “retire from prop firms.”
What Happened
- Closure date: Confirmed shut down as of the week of August 21, per Ciaramello’s own X post
- Stated cause: Platform/technology stack limitations, not lack of trader demand
- Timing detail: Rev One’s LinkedIn had announced in July it was adding DeepCharts, ATAS, and Quantower through Volumetrica after traders asked for more platform choices, meaning the firm was actively trying to fix its platform problem shortly before deciding to close instead
- What’s next for Ciaramello: Prediction markets. He hasn’t named a specific product, said whether it’s consumer-facing or infrastructure, or given a timeline
Rev One was Ciaramello’s second prop firm after The Funded Trader (TFT), which he founded in 2020 and grew into a business generating monthly revenue in the seven figures at its peak. TFT itself went through a rocky stretch in 2024, with traders reporting account closures and payout delays before Ciaramello promised a rebrand and operational overhaul. Rev One was the follow-up act, built specifically around futures.
Why This Matters
A firm closing isn’t automatically a red flag for the industry. PropTradingVibes puts the median lifespan of a closed prop firm at around two years, and firms shutting down for business reasons rather than fraud or insolvency is a normal part of a young, crowded market. What makes this one worth noting is the pattern: a second consecutive Ciaramello-founded firm closing, and a closure that came right after the firm publicly said it was expanding platform options to fix the exact problem it later cited as the reason for shutting down.
If you had funds sitting in Rev One or an active evaluation, the firm’s own statements don’t address payout status for open accounts, so that’s the first thing to chase down directly rather than assume.
Our Take
“We didn’t have the right platform” is a plausible explanation, and plenty of firms genuinely do struggle when their tech partner can’t keep up. But the fact that Rev One was actively adding new platform integrations in July and closed within weeks is worth sitting with. A firm that’s scaling its platform stack usually isn’t also a firm about to shut its doors. If you’re evaluating any newer futures prop firm, platform stability and how long the founding team has been running the same business without a closure are both worth checking before you fund an account, not after.
Rev One isn’t the only 2026 closure worth knowing about if you’re vetting a newer firm. We covered FundingTicks shutting down operations earlier this year, after a run of retroactive rule changes and a mass breach wave.
Source: Angelo Ciaramello (@savedbyfx) on X, 21 August 2026; FinanceFeeds. Verified 9 September 2026.
