If you have been around prop firm trading long enough, My Forex Funds (MFF) needs no introduction. At its peak, it was a powerhouse serving traders worldwide, boasting massive growth, and becoming a go-to for funded accounts.
Then, in August 2023, regulators struck. Assets froze. The website went dark. Many wrote it off as finished.
As of mid-2026, however, the tide has turned dramatically. Court victories, asset returns, and direct communications from MFF point to a structured path forward. Here are the most up-to-date facts.
The 2023 Shutdown: A Quick Recap
My Forex Funds exploded onto the scene, attracting over 135,000 customers and generating hundreds of millions in fees.
On August 29, 2023, the U.S. CFTC and Ontario regulators accused the firm of fraud, including unregistered operations, acting as counterparty in simulated trades, poor execution and artificial slippage, and misleading marketing. (FX News Group)
Operations halted overnight. Assets were frozen. End of story? Not quite.
2025: Major Legal Wins Change Everything
The year delivered key reversals that reshaped the firm’s future.
A U.S. court dismissed the CFTC case with prejudice due to serious misconduct, including misrepresentations and hidden evidence. The CFTC was consequently ordered to pay over $3 million in MFF’s legal fees. (Morningstar, Reuters)
Canadian courts unwound receivership and approved full asset handover through a series of orders. As a result, MFF began regaining control of its data, systems, and operations. (Finance Magnates)
CFTC staff were placed on leave following public criticism from commissioners and senators over “careless and sloppy” handling of the case. No fraud was ultimately upheld against MFF. (JD Supra)
Official MFF Roadmap
MFF has shared transparent updates via X (@MyForexFunds) and myforexfunds.com. Below is the current timeline as of July 2026.
Dismissal of all CFTC allegations with prejudice.
Canadian Court directed the unwinding of receivership over MFF’s assets.
Final Court Order issued. Phase Three complete. MFF began regaining control of data, systems, and operations.
Full regain of missing data and sources from the regulatory freeze period.
Team reassembled for a comprehensive review of account data and trader records.
Direct communication with traders restarted through official support channels.
MFF CEO Murtuza Kazmi began appearing at trading expos to meet with traders and industry leaders in person.
MFF opened a submission form for traders who had not yet received overdue payouts. Traders could provide their details and records to receive pending funds.
MFF began reaching out to traders with positive account equity, inviting them to submit their details. A confirmed outcome is not yet available, though payout access may follow. Further updates will be added here as they emerge.
Is a 2026 Relaunch Officially Happening?
MFF has not yet dropped a direct “sign-ups open” announcement. Their language is telling, however. Phrases like “next chapter for our global trading community” and “moving forward together” have featured in recent communications, alongside hints at future clarity following the data review phase.
Industry reports (Finance Magnates) described a relaunch as “imminent” following asset recovery. With no remaining legal blocks and active trader outreach now underway, the second half of 2026 looks primed for a formal resumption.
What Might the Relaunch Involve?
Expect evolution, not just a restart. The prop firm landscape has changed significantly since 2023, with more competition and stricter industry scrutiny across the board.
A relaunched MFF would likely feature stronger compliance and transparency, updated account models or rules, and a structured process for handling existing trader data, pending payouts, and refunds.
MFF’s loyal community and the scale it achieved before the shutdown could give it an immediate edge on return. How it handles outstanding trader obligations, specifically the equity and payout submissions currently underway, will be closely watched.
Final Thoughts
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If My Forex Funds does relaunch, you will find all the details about their rules, conditions, and discounts here. For now, find the latest verified offers from listed prop firms below.