My Forex Funds are Temporarily Closed!

Breaking news!

Some hours ago (7h exactly) My Forex Funds prop firm announced that without prior notice or discussion, a provincial securities regulator in Canada and the commodities regulator in the United States issued orders preventing them from trading securities or accessing funds in our bank accounts.

What does this mean for their traders?

Until these freeze orders are lifted or modified, the trading accounts of their traders are frozen as well.

They will be reaching out to the regulators to discuss their concerns, and the first court date to determine whether the freeze orders should be lifted or modified is currently scheduled for September 11 in the US, with another hearing later that same week in Canada.

Their CEO Martuza Kazmi recorded a short video and posted it on their social media channels, which you can watch here:

We hope to have this matter resolved as soon as possible and will update this message as events occur 🤝

More about My Forex Funds:

My Forex Funds is one of the largest online forex prop trading firms that was founded in July 2020 by CEO Murtuza Kazmi. They have its offices located in Toronto, Canada. MFF offer undercapitalized traders three different account types to get funded with and a chance to work with up to $2,020,000 capital while earning up to 90% profit splits. They provide themselves with their own broker named Traders Global Group, whose servers are located in Frankfurt, Germany. You can read the full review about them here.

As soon as we will have more official information about their issues, we will update this article.