🚨 Overview: My Forex Funds – A Troubled Prop Trading Firm Disguised as a Broker
My Forex Funds (MFF) promotes itself as a proprietary trading firm that empowers traders to access institutional-level trading without risking personal capital. However, a deeper look reveals an unregulated platform riddled with legal troubles, unresolved complaints, and dangerous trading conditions.
With a WikiFX rating of just 1.45/10, no valid regulatory license, and an ongoing lawsuit from the U.S. CFTC (Commodity Futures Trading Commission), My Forex Funds is not a broker you can trust.
🔍 Quick Broker Facts
| Feature | Details |
| Name | My Forex Funds |
| Location | Vaughan, Ontario, Canada |
| Regulation | ❌ None |
| Years Active | 2–5 years |
| Platforms Supported | MT4 only |
| Minimum Deposit | $2,000 |
| Account Types | Rapid, Evaluation, Accelerated |
| Max Leverage | Up to 1:500 |
| Spread | From 0.0 pips |
| Commission | $3 per round trip |
| Website | https://myforexfunds.com |
| Risk Level | 🔴 Very High |
⚠️ Major Red Flags
❌ 1. No Regulatory Oversight
My Forex Funds is not registered with any major financial authority, despite operating in Canada. WikiFX confirms the absence of any valid license, and Canadian regulators have not authorized this broker to provide trading services.
“It has been verified that My Forex Funds currently has no valid regulation. Please be aware of the risk!”
— WikiFX Warning, August 7, 2025
⚖️ 2. Legal Battle with the CFTC
In 2023, the CFTC froze My Forex Funds’ accounts and blocked all trading operations, citing:
- Misrepresentation of trading activity
- Unfair account closures
- Manipulative pricing
- Deceptive advertising
Although a Canadian court recently unfroze $100 million in assets, MFF is still under investigation, with no clarity on when or if it will resume operations.
🛑 3. Unresolved Complaints & Withheld Withdrawals
Real users have reported funds being withheld, delayed responses, and refusals to process payouts. One complaint from Turkey states:
“They don’t send my money.” – Verified User, Dec 2023
Another complaint from Hong Kong details manipulation of pricing and denial of fair executions, suggesting that MFF’s AI-driven pricing model leads to artificial slippage.
🧪 4. Unrealistic Account Terms & Bonus Traps
My Forex Funds markets “prop trading evaluations” with promises of:
- No personal capital risk
- Rapid progression to funded accounts
- Refundable registration fees
However, the fine print reveals:
- High failure rates in evaluations
- Unclear rules about daily drawdown
- Minimum trading activity requirements
- Unrecoverable deposits upon violation of vague terms
These contradict the ethical norms of genuine prop trading firms.
💬 What Users Say: Real Feedback Exposes the Risk
| Type | Comment | Source |
| Exposure | “They don’t send my money.” | Turkey (2023) |
| Exposure | “Slippage made me lose 500 points instantly. Support just quoted liquidity excuses.” | Hong Kong (2023) |
| Neutral | “They used bonuses to tempt me. I didn’t fall for it, but it’s clearly a scam.” | New Zealand (2022) |
| Neutral | “Scammer. They kept calling me to deposit more.” | Netherlands (2023) |
| Positive | “PROP platform, not regulated. You trade their funds, not yours.” | Venezuela (2022) |
| Neutral | “Paid $200 in BTC. Never got an account. No response from support.” | Unknown (2022) |
📉 Account Types: Overpriced and Overcomplicated
| Account Type | Min Deposit | Max Leverage | Restrictions |
| Rapid | $2,000 | 1:500 | 3 trades/week minimum |
| Evaluation | $5,000 | 1:100 | Complex drawdown rules |
| Accelerated | $10,000 | 1:100 | Two internal tiers, confusing terms |
❗ Accounts come with refund-only guarantees and limited transparency on how funding is distributed.
📲 Trading Platform & Conditions
- Platform: MetaTrader 4 only
- Spread: From 0.0 pips (but not consistently verifiable)
- Commission: $3 per round trip
- Execution: Artificial slippage and pricing issues reported
- Support: Available via email and live chat only
🔐 Deposit & Withdrawal Concerns
Although MFF offers credit cards, crypto, and bank transfer options, several users report:
- Funds never reaching their accounts
- No response from customer service
- No published withdrawal policy
These behaviors match common scam tactics: entice users with bonuses, then block withdrawals through excuses or silence.
⚖️ Final Verdict: My Forex Funds Is a Risky and Unregulated Broker
My Forex Funds is a clear scam risk in 2025.
From unresolved legal issues to platform manipulation and withheld funds, this broker shows all the signs of a dangerous and deceptive operation.
❌ Do Not Trust Your Money With This Broker.
If you’ve invested with My Forex Funds and are facing issues, report your case immediately.
🛡️ Take Action Now
📢 [Report This Broker]
📝 [Submit a Complaint]
🛠️ [Request Legal Support]
