FIRM REVIEW
MyForexFunds (Closed)
CautionSpecifications
| Profit split | — |
|---|---|
| Max funding | — |
| Challenge fee | — |
| Payout track record | Refund process to former customers continues |
| Payout cycle | — |
| Website | https://myforexfunds.com/ |
Strengths
Watch-outs
- Shut down in August 2023 by Canadian (OSC) and US (CFTC) regulators
- Was one of the largest prop firms in the industry at the time
- Quintessential example of prop firm shutdown risk
MyForexFunds (now closed)
MyForexFunds was a Canada-based prop firm founded in 2020, briefly one of the largest in the industry. In August 2023, the Ontario Securities Commission (OSC) and the US Commodity Futures Trading Commission (CFTC) issued enforcement actions, effectively shutting down operations.
Why this entry exists
We list MyForexFunds as an industry lesson — to push back on the assumption that “big = safe.” Check OSC / CFTC official sources for the latest on refund processes.