Closed since 29 Aug 2023
MyForexFunds myforexfunds.com
Not rated (closed)
Evidence
- Operations stopped on 29 Aug 2023 when a US court froze assets on the CFTC's application and the Ontario Securities Commission issued a temporary cease-trade order. The CFTC case was later dismissed with prejudice as a sanction against the CFTC (order of 13 May 2025); no court made a finding of fraud. The brand has not sold challenges since, and its website announces a relaunch on 23 Nov 2026.
- U.S. District Court, D.N.J. (via govinfo.gov): Order, CFTC v. Traders Global Group Inc., No. 23-cv-11808 (ECF 260) source
- U.S. District Court, D.N.J. (via govinfo.gov): Opinion and Order on fees (ECF 269) source
- CFTC: CFTC Complaint v. Traders Global Group Inc. et al. source
- Ontario Securities Commission / Capital Markets Tribunal: Temporary Order: Traders Global Group Inc. and Muhammad Murtuza Kazmi source
What to do
MyForexFunds says traders with accounts active before 29 Aug 2023 should use its claims and restoration process, which Global Solutions Operations FZE now runs on Traders Global's behalf (https://myforexfunds.com/myforexfunds-returns/ and https://myforexfunds.com/myforexfunds-announces-new-ownership/). The firm describes this as a discretionary program, not a court-ordered one.
Share this result
Status follows a published rule and dated sources, not opinion; it is not a finding of fraud. A caution is re-checked at least every 30 days.