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MyForexFunds

⚠️ Shutdown (2023) → Vindicated (2025) — Recovery in Progress
AKA: Traders Global Group Inc. · Updated: 2026-02-03
90/100
Severity
6
Red Flags
Pending — Recovery Phase
Avg Payout
0
ToS Changes
8
Verified
Evidence Categories
Critical
Warning
Resolved
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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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