MyForexFunds FAQ – Answers on Programs, Payouts & Support

MyForexFunds (MFF) is a Canadian proprietary trading firm providing traders around the world with access to simulated funded trading accounts. Instead of risking their own money, traders pay a registration fee and complete structured evaluation programs to demonstrate discipline, skill, and risk management. Successful participants manage MFF-owned, simulated funded trading accounts and share in profits that are generated from simulated trading. These payouts (which have amounted to over US$290 million) primarily come from registration fees that MFF collects from its customers and are not profits generated from real market trading. At this time, MFF is not operating or offering any programs or accounts to traders.

MFF’s core Evaluation Program involve a two-phase process:

• Phase 1: Traders meet profit and risk-control targets in a simulated trading environment.
• Phase 2: Traders repeat those results under stricter supervision in a simulated trading environment.

Passing both phases leads to a simulated funded trading account operated under clear and transparent rules. Profitable traders received a percentage of profits. These payouts primarily come from registration fees that MFF collects from its customers and are not profits generated from real market trading.

MFF also offers the Rapid Program for newer traders seeking structured learning, and the Accelerated Program, which allows experienced traders to access simulated funded trading accounts immediately under risk controls.

MFF quickly became one of the world’s most popular prop trading firms by blending transparent rules, reliable payouts, accessible programs for all skill levels, and top-rated support. The continuous focus on fairness, consistent payments, and trader development helped build a trusted, active global community.

MyForexFunds is more than a trading platform. It fosters a truly engaged worldwide community. Beyond offering evaluation programs, MFF regularly supports traders with in-depth educational resources, an active blog, a monthly MyForexFunds Magazine and an official Discord forum where thousands of traders interact, share insights, and receive real-time guidance from both staff and peers. This vibrant online community is central to MFF’s mission and reputation for transparency and support.

As of August 2023 and in a span of two and a half years, MFF had paid out over US$290 million to traders across 80+ countries. The company’s reputation (including achieving a 4.9 Trustpilot rating from 14,000+ reviews) is grounded in this track record of fulfilling its financial commitments and treating traders with integrity.

• Evaluation: Standard two-step process for qualifying for a simulated funded trading account under risk controls.
• Rapid: Development-focused program for traders still learning, with fast feedback and reduced risk in a simulated trading environment.
• Accelerated: Immediate access to a simulated funded trading account for experienced traders—no evaluation phase, but stricter risk limits.

Qualified traders earn a significant share of simulated profits. Payouts are processed on regular schedules through established partners. Conditions—including daily loss limits, drawdown rules, and restrictions on prohibited trading tactics—are clear, industry-standard, and designed to support consistent, sustainable trading. Payouts primarily come from registration fees that MFF collects from its customers and are not profits generated from real market trading.

In August 2023, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil complaint against MFF, which resulted in the freezing of company assets and the shutdown of operations without prior notice (“ex parte”). The CFTC alleged immediate risk to customers—although at the time, no U.S. customers had reported any wrongdoing by MFF. This freeze forced MFF to halt all services and payments overnight.

After a hearing led by a court-appointed Special Master, the U.S. District Judge found that the CFTC engaged in willful and bad faith misconduct, including making false and misleading statements to the court, failing to disclose exculpatory evidence and not correcting false impressions they had created.

A central example of this misconduct involved a large transfer of funds that the CFTC flagged as suspicious, using this claim to justify an emergency freeze of MFF’s assets. Prior to filing their application, the CFTC had received an email from the Ontario Securities Commission (OSC) confirming that these transfers were tax payments made to the Canada Revenue Agency. Despite having clear evidence that the funds were used towards legitimate corporate tax obligations, the CFTC failed to mention this to the court and allowed the false narrative to persist for months.

As quoted in the Special Master’s findings: “In multiple instances, with full knowledge of the error in a sworn Declaration submitted to the Court, rather than be upfront, direct, and transparent, the CFTC took deliberate steps down a path of obfuscation and avoidance.”

As a result, the court dismissed the complaint with prejudice, imposed sanctions on the CFTC including awarding attorney fees to MFF, and made no findings of trader harm, fraud, or misuse of funds by MyForexFunds.

No. The dismissal was not due to a mere procedural error. The Special Master and U.S. District Judge both found that the CFTC’s misconduct, made up of false representations, failure to correct mistakes, and concealment of exonerating evidence, compromised the integrity of the entire case. This resulted in one of the strongest judicial remedies available: a final dismissal with prejudice and financial sanctions against the government agency.

Following the Special Master’s findings, multiple CFTC lawyers and investigators were removed from the case or placed on administrative leave, as reported in Bloomberg Law and elsewhere. The agency is reportedly conducting internal reviews of staff conduct in response to these judicial findings.

After the U.S. shutdown, Canada’s Ontario Securities Commission (OSC) sought and received a temporary freeze of MFF assets. This was primarily based on the same U.S. allegations, despite no known complaints from MFF customers and no findings of investor loss or misconduct in Canada. The OSC later obtained a full receivership order, placing control of all MFF assets, systems, and operations under a court-appointed receiver.

Yes. As of late 2025, the OSC has not filed a Statement of Allegations against MFF or concluded its investigation.

In late 2025, the Ontario Superior Court, responding to motions by MFF’s counsel, significantly reduced the scope of the receivership. The court ruled that most assets are to be returned to MFF and its founder, and only a limited escrow remains pending further regulatory investigation. This decision allows MFF to begin restoring its systems and assessing future operations.

The shutdown was mandated by courts and regulators, not MFF. Access to systems was terminated overnight, payment partners halted services, and the company lost all operational control. Traders experienced locked accounts and lost communication with support, through no fault of their own.

All digital infrastructure, including servers and data, was placed under the control of the court-appointed receiver. MFF management had no access until the court ordered the asset return in December 2025. The company is now undertaking a full review of what data exists from its vendors and plans to be fully transparent as it rebuilds access.

Yes. Once technical teams are in place and data recovery is underway, restoring user-facing dashboards and history is a top priority. What is possible will depend on what the receiver and vendors preserved.

With restoration in progress, MFF will first recover its data and systems, then reach out directly to traders with pending or approved payments. Evaluation fees, earned rewards, and other outstanding balances will be addressed after the backend review is complete. Updates on the process and eligibility will be provided via official newsletters and email.

Once data is restored and verified, MFF will update affected traders by email, with details relevant to the exact status of their account.

All verified information and next steps will be distributed via the MFF newsletter, direct email, and announcements on the website and official social channels. Sign up for the newsletter to ensure you receive the earliest, most accurate updates.

Yes. After staff are in place and systems validated, a transparent process will be published for traders to submit queries and receive support on their specific accounts.

MFF is working with legal counsel and regulatory advisors in multiple jurisdictions to strengthen compliance, improve engagement with authorities, and implement clear policies protecting both the company and its customers.

No. Traders never deposited trading capital with MFF, and their money was never exposed to trading risk in MFF’s accounts. Registration fees were used to fund program operations, payouts to traders from simulated trading and infrastructure. MFF did not pool customer funds for trading purposes, guarantee returns, or operate in any way similar to a Ponzi scheme. No court or judicial body has ever found otherwise.

No. MFF’s risk management controls targeted accounts that violated explicit program rules—chiefly to detect latency arbitrage, “gaming the system,” or the use of prohibited bots. The firm never manipulated ordinary trader results or misrepresented profits. No court or judicial body has ever found any pattern of manipulation against customers.

This phrase was taken from an informal, internal message and quoted out of context. The discussion involved a case where a group of traders were repeatedly violating MFF’s stated program rules. The comment was not a company policy, did not dictate how routine accounts were treated, and was never part of normal trading operations.

In recognition of the seriousness of the CFTC’s misrepresentations, the Special Master and the U.S. District Court imposed sanctions. As a result, five CFTC employees involved in the MyForexFunds case were placed on administrative leave or removed from the case during review of their conduct. This outcome highlights the gravity with which the courts and the agency itself viewed the misconduct surrounding these allegations.

Much of this content was created when MFF was unable to communicate at all due to legal constraints and court orders. Many online critics or influencers repeated allegations that have since been shown to be false, misleading, or out of context. For the most accurate information, rely on only the official MFF newsletter, website, and authenticated social channels.

MFF is currently recovering its systems, data, and intellectual property. Once the review is complete and full operational control is re-established, MFF will communicate a clear plan regarding next steps for reopening, restoring accounts, and addressing pending rewards.

Subscribe to the official newsletter, monitor the MFF website, and follow our official social media accounts for real-time, transparent updates. Avoid relying on rumors or unofficial third-party claims.