ProsperUS, a Singapore-based platform offering contracts for differences (CFDs) among other instruments, will shut down on 30 November 2025. According to a notice on its website, the platform has already stopped accepting new account applications.“The decision has been made to consolidate our systems to provide you with a more holistic approach to your trading experiences,” the website notice stated.A Target Too Big?The ProsperUS trading platform is owned by CGS International, which also offers a range of investment products, including CFDs, under its own name.The reason behind the closure is unclear, and it does not confirm whether this is just the end of a trading platform or if a sale is involved. In either case, the ProsperUS brand will be discontinued.Regulated in Singapore, ProsperUS offered a broad mix of investment and trading products. From mutual funds to CFDs, and from options to cryptocurrencies, the platform aimed at a wide customer base.Read more: Singapore to Block Access to Octa and XM for Unlicensed OperationsThe platform launched in 2021, aiming to capture the growing millennial investment market. It initially set a goal to attract 10,000 investors in the first 12 months. However, it is not known if this target was met. Similarweb data shows the ProsperUS website had only 1,500 visits in June.The company had also considered entering neighbouring markets such as Malaysia.No New Positions from 11 AugustThe ProsperUS website states that new positions cannot be opened from 11 August, and all existing positions will be set to “reduce only” mode. Clients will only be able to close positions—or sell mutual fund units—until 31 October.Any positions still open after that will be closed automatically by the platform on 3 November.The platform also noted that clients will receive a one-time fee waiver for transfer-out requests to another CGS SG platform or any other brokerage until 17 October. Transfer-out requests made after that will still be accepted but will incur a fee.The final date to withdraw any remaining balance or submit a transfer-out request is 21 November.You may also like: 80–100 Prop Firms Shut Down in 2024's Industry ReshuffleMeanwhile, ProsperUS is not the only CFD platform to announce a shutdown this month. FinanceMagnates.com recently reported that ALB's European operations, which were licensed in Malta, are shutting down. Earlier this year, IG Group also closed its operations in the South African market.This article was written by Arnab Shome at www.financemagnates.com.