About MyForexFunds
Our goal is to address the challenges many skilled traders face in accessing capital without them having to risk their own trading funds.
MyForexFunds
MyForexFunds is a proprietary trading firm founded in 2020 with the objective of providing skilled traders around the world with access to simulated capital, which does not require them to risk their own trading funds. The company operated structured evaluation and simulated funded trading programs designed to assess discipline, consistency, and risk management, and discourage speculative behavior.
Traders who participated in MyForexFunds programs paid a registration fee to enter evaluation phases conducted in simulated trading environments. Traders who met program criteria became eligible to manage simulated funded trading accounts and receive a share of profits generated from simulated trading. The payouts to traders primarily came from registration fees that MyForexFunds collected from its traders and were not profits generated from real market trading. At no time were traders required to deposit funds for market trading, and trader funds were never pooled or exposed to trading risk. At this time, MyForexFunds is not operating or offering any programs or accounts to traders.
Murtuza Kazmi - Founder and Chief Executive Officer
MyForexFunds was founded by Murtuza Kazmi, a trader and technology entrepreneur with experience in proprietary trading and risk management. He launched the company to address the challenges many skilled traders face in accessing capital without them having to risk their own trading funds, using a structured evaluation and simulated funded trading programs focused on discipline and transparency.
Throughout the company’s history, Mr. Kazmi has maintained a commitment to fairness and clear communication, and continues to work with legal and regulatory advisors as MyForexFunds prepares for its next phase.
Programs and Trading Model
MyForexFunds offered multiple simulated trading programs tailored to different experience levels, including a standard two-phase Evaluation Program, a Rapid Program for developing traders, and an Accelerated Program for experienced traders.
Global Payouts
As of August 2023, MyForexFunds paid out a staggering amount to traders across more than 80 countries. $290 Million+
Trusted Reputation
MyForexFunds achieved a massive following and extremely high user reviews, reflective of its transparency and trust within the community. 4.9/5 Rating (14k+)
Consistent Payouts
Payouts to traders were funded primarily from registration fees collected by MyForexFunds and were not derived from real market trading profits.
Growth and Community
Within two and a half years, MyForexFunds became one of the most widely used proprietary trading platforms globally. Its growth was driven by transparent program rules, consistent payouts, and an active global trading community.
Beyond trading programs, MyForexFunds supported traders through educational content, an official blog, a monthly digital publication, and a large Discord forum.
Regulatory Actions and Legal Outcome
The Initial Complaint
In August 2023, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil complaint against MyForexFunds and sought emergency relief without prior notice, resulting in the freezing of company assets.
Legal Outcome and Vindication
Following extensive proceedings, the U.S. District Court found that the CFTC engaged in willful and bad-faith misconduct. The case was dismissed with prejudice.
Ongoing Recovery in Canada
In late 2025, the Ontario Superior Court significantly reduced the scope of the receivership and ordered that most assets be returned.
Current Status and Next Steps
MyForexFunds is not currently operating. The company is focused on recovering its systems, data, and intellectual property.
Commitment to Transparency
Throughout its operations and legal proceedings, MyForexFunds has maintained that transparency is essential.
Our Core Principle
MyForexFunds was built to give traders a structured, simulated environment to demonstrate skill without risking personal capital.