Independent firm profile
My Forex Funds
ClosedNote: On August 29, 2023, the US Commodity Futures Trading Commission (CFTC) and Canada's Ontario Securities Commission filed enforcement actions against My Forex Funds and its parent Traders Global Group, alleging the firm operated a fraudulent scheme that took in over $310M from customers. Accounts and assets were frozen, the platform was taken offline, and the firm ceased operations. Litigation remains ongoing.
Once one of the largest retail prop firms globally, offering Rapid, Evaluation, and Accelerated programs across forex and CFDs.
- Headquarters
- Mississauga, Canada
- Founded
- 2020
- Funding model
- Evaluation Based
- Region served
- North America
Community rating
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Overview
What this firm is and who it serves
My Forex Funds is a evaluation-based funding trading firm headquartered in Mississauga, Canada, founded in 2020. The firm provides traders with funded accounts to trade forex, crypto.
At a glance
Structured facts about this firm
- Firm Type
- Evaluation Based prop firm
- Market Focus
- Forex, Crypto
- Trading Style
- Evaluation-Based Funding, evaluation-based funding
- Institutional Level
- Retail-accessible proprietary firm
- Retail Accessibility
- Open to retail traders via evaluation
- Geography
- Mississauga, Canada · North America
- Known For
- Once one of the largest retail prop firms globally, offering Rapid, Evaluation, and Accelerated programs across forex and CFDs.
Funding programs
Account types and the path to capital
Evaluation
AvailablePass a challenge before receiving a funded account.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Frequently asked questions
Common questions about My Forex Funds
Is My Forex Funds a legitimate prop firm?+
My Forex Funds was founded in 2020 and is headquartered in Mississauga, Canada. Once one of the largest retail prop firms globally, offering Rapid, Evaluation, and Accelerated programs across forex and CFDs.
Does My Forex Funds require an evaluation?+
Yes. My Forex Funds requires traders to complete an evaluation phase before being granted a funded account.
What platforms does My Forex Funds support?+
My Forex Funds supports the following trading platforms: MT4, MT5.