MyForexFunds

⚠️ Shutdown (2023) → Vindicated (2025) — Recovery in Progress

AKA: Traders Global Group Inc. · Updated: 2026-02-03 · Read our full MyForexFunds review →

90/100

Severity

3

Red Flags

Pending — Recovery Phase

Avg Payout

0

ToS Changes

8

Verified

8 items

CFTC / OSC✓ Verified⚖️ Firm Responded2023-08-28

CFTC Shuts Down MyForexFunds — $310M Fraud Allegations, Assets Frozen Overnight

US CFTC and Canadian OSC simultaneously shut down the world's largest prop firm. 135,000+ customers affected. All assets frozen...

CFTC Action$310M FraudAssets Frozen135K Customers👍345 👎12

U.S. Federal Court✓ Verified2025-05-01

CASE DISMISSED — Court Finds CFTC "Lied in Its Filings", Sanctions Regulator

Federal judge dismisses ALL CFTC charges with prejudice. CFTC sanctioned for 'willful bad faith conduct' and ordered to pay attorney's fees...

DISMISSEDCFTC SanctionedVindicatedBad Faith👍289 👎34

Ontario Superior Court✓ Verified2025-12-09

Ontario Court Returns Assets — Receivership Scaled Back

Ontario court orders return of MyForexFunds business assets. Receivership significantly reduced. Company begins recovery...

Assets ReturnedReceivership EndedRecovery Phase👍198 👎23

MyForexFunds Official✓ Verified2026-02-03

MFF Commits to Honour Outstanding 2023 Payouts

MyForexFunds announces traders with outstanding payout requests from August 2023 will be eligible to receive their funds...

Payouts Returning2023 ObligationsUnprecedented Recovery👍178 👎45

135,000+ Traders✓ Verified2023-08-29

Overnight Shutdown: 135,000 Traders Lose Access to Accounts, Payouts, Support

The CFTC's overnight action froze everything. Traders had no warning. Pending payouts vanished. Support went dark immediately...

135K AffectedOvernight FreezeNo WarningCFTC Harm👍312 👎8

CFTC / Court Records✓ Verified2023-09-15

The Tax Payment Lie: CFTC Misrepresented $31.55M CAD as Personal Transfers

The CFTC told the court that Kazmi moved $31.55M to personal accounts. It was actually tax payments to the Canadian government. The CFTC knew this...

Tax Payment Lie$31.55M MisrepresentedCFTC Knew Before FilingBad Faith👍356 👎12

Trading Community✓ Verified2023-09-01

Community Divided: Was MFF a Scam or a Legitimate Firm Unfairly Targeted?

Community split between traders who lost money and supporters who believe the CFTC overreached. Both sides have valid points...

Community DividedScam vs Unfairly TargetedNuanced👍198 👎67

CEO Murtuza Kazmi✓ Verified2025-10-09

CEO First Public Update: "Complete Vindication" — Plans to Reconnect With Traders

After 2+ years of silence, Kazmi posts first update. Thanks community for support. Describes legal battle. Plans to rebuild...

First UpdateComplete VindicationPotential Relaunch👍234 👎45

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MyForexFunds: Frequently Asked Questions

Answers based on the 8 evidence items documented in this investigation. Last updated 2026-02-03 — 232 days ago. The file is still open, but nothing on it has been re-checked since.

Is MyForexFunds a scam?

Our PropFiles investigation documents 8 evidence items about MyForexFunds. Current status: Shutdown (2023) → Vindicated (2025) — Recovery in Progress. Severity score: 90/100 with 3 red flags identified. Key issues include: CFTC Lied to Court, Case Dismissed + Sanctions, $310M Allegations Dropped, Payouts Being Honoured.

Is MyForexFunds safe to trade with?

MyForexFunds has a severity score of 90/100 based on 8 verified evidence items out of 8 on file. This file has not been re-assessed since Feb 3, 2026. At that point the situation was improving; we make no claim about where it stands today. We recommend reviewing all documented evidence before making a decision.

What is the connection between MyForexFunds and Traders Global Group Inc.?

MyForexFunds is connected to Traders Global Group Inc.. Our investigation documents the corporate links, shared infrastructure, and overlapping warning signs between these entities.