MyForexFunds

MyForexFunds (MFF) was one of the fastest-growing proprietary trading firms before the CFTC and NFA filed a complaint against it in August 2023, alleging fraud and resulting in a temporary restraining order that froze the company's assets. The firm had grown rapidly by offering very affordable challenge fees and generous trading conditions. Before the shutdown, MFF offered three program types: Rapid (instant funding), Evaluation (two-phase challenge), and Accelerated (one-phase challenge), with account sizes ranging from $2,000 to $300,000. The firm was known for its extremely low entry prices, with challenges starting under $50, making it the most affordable prop firm in the market. The CFTC action alleged that MFF operated as a counterparty to trader positions rather than routing trades to real markets, and that the firm's structure was designed to ensure most traders would fail. As of 2026, the legal proceedings are ongoing and the company has been attempting to restructure and potentially resume operations. Prospective traders should exercise extreme caution and verify the current operational status before engaging with the platform.