UK based prop trading firm Stocknet Institute, which also operates under the brand SI World (websites stocknetinstitute.com and siworld.io), has announced that it has started the process of winding down its operations with the goal of permanently closing. Plan purchasing has been disabled, and all active clients will be emailed regarding their account closure.
The Stocknet / SI World closure is the latest in a series of prop trading / funded trader account firms to either suspend operations or shut altogether, in what has become an increasingly competitive and somewhat difficult environment for prop firms, despite the general overall growth in popularity of retail prop trading and funded accounts. Other recent closures or service suspensions include at SurgeTrader, Read More
