MyForexFunds Review 2025
⚠️ Important Notice: MyForexFunds Shutdown
MyForexFunds (MFF) ceased operations following regulatory action by the CFTC in August 2023. The firm is no longer accepting new traders or processing payouts. If you were a MyForexFunds trader, please explore our recommended alternatives below.
What Happened to MyForexFunds?
MyForexFunds was one of the largest forex prop firms before its shutdown. In August 2023, the U.S. Commodity Futures Trading Commission (CFTC) filed charges against the company and its owner, alleging fraud and misrepresentation of their business model.
The CFTC claimed that MyForexFunds operated primarily as a fee-collection business rather than a legitimate proprietary trading firm, with the vast majority of traders failing challenges while the company retained their fees.
What MyForexFunds Offered
Before closure, MyForexFunds was known for:
- Competitive pricing on evaluations
- Account sizes from $5,000 to $300,000
- Both one-phase and two-phase evaluations
- Up to 85% profit split
- Rapid scaling program
Lessons for Traders
The MyForexFunds shutdown taught traders important lessons about prop firm selection:
- Due Diligence: Research firms thoroughly before paying
- Red Flags: Be wary of unsustainably low pricing
- Reputation: Prioritize established firms with proven track records
- Diversification: Don't put all eggs in one basket
- Withdrawals: Withdraw profits regularly when available
Best MyForexFunds Alternatives
If you're looking for a reliable forex prop firm, here are our top recommendations:
⭐ Top Recommendation
FTMO
Industry leader since 2015. Proven track record with millions in payouts. Up to 90% profit split.
Read Full Review →FundedNext
Growing reputation with 15% profit share during evaluation. Express funding option.
Read Review →How to Choose a Safe Prop Firm
After MyForexFunds, traders should prioritize:
- Track Record: Choose firms with 3+ years of operation
- Payout Proof: Look for verified payout evidence from real traders
- Transparency: Clear terms, rules, and company information
- Community: Active trader communities with genuine reviews
- Regulation: Consider firms with some regulatory oversight
Frequently Asked Questions
Will MyForexFunds reopen?
As of 2025, there is no indication that MyForexFunds will resume operations. The CFTC case remains ongoing.
Can I get a refund from MyForexFunds?
Affected traders should contact their payment provider or bank for potential chargebacks. Legal proceedings may eventually result in some recovery for affected parties.
What's the safest prop firm now?
FTMO is widely considered the safest due to their 8+ year track record and verified millions in payouts.