ProjectX to Cut Third-Party Support, Moving to Topstep Exclusivity

ProjectX, a prominent trading platform provider for the futures proprietary trading sector, is reportedly set to terminate its services for all “third-party” platforms. According to internal notices and industry discussions, the provider will pivot to an exclusive partnership with Topstep, a major US-based futures prop trading firm.

While one prop firm indicated a service cutoff date of February 28, 2026, giving the industry a substantial transition runway, the move has sent ripples through the prop trading community, with firm CEOs rushing to clarify the situation to their traders.

The Source of the Shift

The news broke widely across social media and industry channels, highlighting that ProjectX is revoking licensing for its platforms across the board, with the sole exception of Topstep.

Prop Firms React: “Caught Off Guard” but Stable

Following the leak, executives from several affected prop firms addressed their communities directly, confirming the shift while attempting to calm market participants.

Lucid Trading confirmed the exclusivity deal but expressed frustration over the communication process. In a statement to traders, the firms CEO noted that ProjectX scheduled a meeting specifically to announce their intent to discontinue support for all third-party firms and move exclusively to Topstep. He emphasized that Lucid Trading was “not involved, consulted, or informed about this decision ahead of time.” Despite the surprise, the firm assured users that there would be no immediate interruption to current ProjectX accounts and that stability remains a priority during the transition.

Tradify took a similar “business as usual” stance. CEO BrettSimba acknowledged the circulating reports and confirmed they are in active communication with the ProjectX team. He advised traders that there is no immediate need for concern and that a formal, detailed update would be provided in the coming weeks.

Tensions and “Poor Treatment”

While some firms focused on a smooth transition, others revealed underlying friction with the tech provider.

Alpha Futures offered a more critical perspective. A representative for the firm stated that the decision was effectively made for them, confirming that “ProjectX will not be offered to any other prop firms but Topstep.” The representative highlighted recent difficulties, citing “poor treatment” by ProjectX over the last two months and mentioning internal battles to “void losses correctly.” Despite these tensions, Alpha Futures assured traders that the changes are not immediate and that specific dates regarding the “phase-out” period and final transfers will be released later this week.

Sustainability and Compliance

The decision to scale back operations appears to be driven by a combination of strategic consolidation and increasing regulatory pressures. In a separate notice sent to One Top Futures, ProjectX reportedly explained that “shifts in operational demands and upcoming compliance reporting, oversight, and audit requirements have made continuing third-party support no longer sustainable.”

This consolidation aligns with recent infrastructure changes at Topstep, which recently onboarded Plus500 as a trading tech provider. With ProjectX listing Plus500 as an exchange partner, the industry is witnessing a significant tightening of the technology stack around specific, regulated entities.