The Prop Vault - Prop Firm Review

Status: closed

The Prop Vault (thepropvault.com) is no longer operating. At the time of writing its website loads only a bare placeholder with no product, pricing or dashboard. The brand was one link in a short chain of rebrands run by the same operator: it began as the Bespoke Funding Program, became The Prop Vault, and was then folded into House of Leverage around mid-2025 — which itself reportedly told customers it was shutting down in August 2025. The practical conclusion is simple: do not buy a challenge or send money to The Prop Vault. The rest of this review is kept for the record and for anyone still owed a payout.

What it was (historical)

The Prop Vault was an unregulated, simulated forex/CFD prop firm offering 1-step and 2-step evaluations on MT4, MT5, ThinkTrader and Match-Trader, with account sizes advertised up to $1M via scaling, splits up to 90%, bi-weekly payouts and a generous fee-refund claim. On paper it read like many mid-tier challenge firms. In reality, traders reported a recurring pattern of passing the challenge and then being denied payouts, along with rules being added after qualification and frequent broker/server switching.

The trait that defined it: serial rebranding

The single most telling thing about this firm isn’t a rule — it’s a pattern. The same operator cycled through three brand identities in a short span (Bespoke Funding Program → The Prop Vault → House of Leverage), migrating customers between brokers and servers along the way, before ultimately shutting down with payout disputes unresolved. One of those identities, Bespoke Funding, already carried a UK FCA warning for offering services without authorisation. A rebrand-and-migrate cycle like this effectively resets a firm’s public reputation while the underlying problems travel with it — which is exactly why it’s the biggest red flag and the thing that most distinguishes this brand from stable competitors. If you ever see a prop firm change names and shuffle brokers repeatedly, treat it as a serious warning sign.

If you are owed money

If you had a challenge or funded account with The Prop Vault or House of Leverage, treat it as a payout failure and likely loss: keep all your records (receipts, statements, payout requests, correspondence), report it to relevant consumer or financial authorities, and if you paid recently by card consider asking your provider about a chargeback. Be wary of “recovery” services that charge upfront fees.

Verdict

There is nothing to recommend: The Prop Vault is closed, its site is a placeholder, its lineage carries an FCA warning, and its final incarnation shut down with unresolved payout complaints. Do not buy a challenge or deposit money. We’re keeping this review live so anyone searching for The Prop Vault finds this warning rather than a stale sales page.

Frequently Asked Questions

Is The Prop Vault still operating?

No. As of our last review (15 July 2026), The Prop Vault’s website loads only a blank placeholder with no product, and the brand has been wound down. It was folded into House of Leverage, which reportedly told customers it was shutting down in August 2025. Treat it as defunct and do not buy a challenge or deposit money.

What happened to The Prop Vault?

It was one identity in a serial-rebranding chain run by the same operator: Bespoke Funding Program became The Prop Vault, which was then folded into House of Leverage, with repeated broker and server migrations along the way. House of Leverage reportedly shut down in 2025 with payout disputes unresolved, and the predecessor Bespoke Funding carried a UK FCA warning.

Was The Prop Vault regulated?

No. It was an unregulated, simulated forex and CFD prop firm, and its predecessor Bespoke Funding received a UK FCA warning for offering services without authorisation. Its accounts were demo accounts, not real capital.

I am owed money by The Prop Vault or House of Leverage. What should I do?

Treat it as a payout failure and likely loss. Keep all your records, including receipts, statements, payout requests and correspondence, and report it to relevant consumer or financial authorities. If you paid recently by card, consider asking your provider about a chargeback, and be wary of recovery services that charge upfront fees.

Why is serial rebranding a red flag for a prop firm?

Because cycling through brand names and shuffling brokers can reset a firm’s public reputation while the underlying problems, such as denied payouts, carry over. The Prop Vault’s operator ran three identities in a short span before shutting down with disputes open, and one identity already carried an FCA warning. Repeated name changes and broker migrations are a serious warning sign.

The Prop Vault is closed (site is a placeholder; lineage carries an FCA warning) — do not buy a challenge or send it money.