MyForexFunds (MFF): why we flag it
Case dismissed and CFTC sanctioned — but relaunching, and unproven. Distinct from MyFundedFutures.
Why it's on the watchlist
Not the same firm as MyFundedFutures. Reclassified September 2026. MyForexFunds was shut down in August 2023 by an ex parte CFTC asset freeze, and trader payouts stayed frozen for roughly two years. In May 2025 a US federal court dismissed the case with prejudice and sanctioned the CFTC around $3.1 million, after a Special Master found the agency had made false statements in sworn declarations — the transfer cited as evidence of asset dissipation was a legitimate tax payment to the Canada Revenue Agency, which the CFTC held documentation of before it filed. Canadian assets were ordered returned in December 2025, and the firm began contacting traders about outstanding 2023 payouts in April 2026. We previously listed this under withheld payouts. That was wrong: the freeze was imposed by a regulator a court later sanctioned, not by the firm. Two caveats stand — the dismissal was procedural and the underlying allegations were never tried on the merits, and a relaunching firm has no current track record. Kept on the list for historical clarity, because the name is routinely confused with the separate and operating MyFundedFutures, and because a returning firm is unproven by definition.
Fine print & rules (5)
- Payouts frozen ~2 years (2023–2025) by regulator action, not by the firm
- Case dismissed with prejudice May 2025; CFTC sanctioned ~$3.1M
- Allegations never tried on the merits — dismissal was procedural
- Relaunched firm has no current track record
- Name routinely confused with MyFundedFutures (different firm)
Quick answers
Is MyForexFunds (MFF) recommended on PropFirmQuiz?
No. Not the same firm as MyFundedFutures. Reclassified September 2026. MyForexFunds was shut down in August 2023 by an ex parte CFTC asset freeze, and trader payouts stayed frozen for roughly two years. In May 2025 a US federal court dismissed the case with prejudice and sanctioned the CFTC around $3.1 million, after a Special Master found the agency had made false statements in sworn declarations — the transfer cited as evidence of asset dissipation was a legitimate tax payment to the Canada Revenue Agency, which the CFTC held documentation of before it filed. Canadian assets were ordered returned in December 2025, and the firm began contacting traders about outstanding 2023 payouts in April 2026. We previously listed this under withheld payouts. That was wrong: the freeze was imposed by a regulator a court later sanctioned, not by the firm. Two caveats stand — the dismissal was procedural and the underlying allegations were never tried on the merits, and a relaunching firm has no current track record. Kept on the list for historical clarity, because the name is routinely confused with the separate and operating MyFundedFutures, and because a returning firm is unproven by definition. It's listed here for transparency, without an affiliate link.
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