@TheTrustedProp@MyForexFunds Live Account Traders With Negative Balance or Drawdown Breach
Traders whose live funded accounts were in negative equity or exceeded allowable drawdown limits may be reset to a Stage One Demo account, with original account parameters restored.
@TheTrustedProp@MyForexFunds Live Account Traders With Positive Balance or Acceptable Drawdown
Traders operating live funded accounts with positive equity or within allowable drawdown limits may have their live accounts reset to a zero profit/loss balance, while preserving the original account size
@TheTrustedProp@MyForexFunds Traders Who Passed Demo and Were Pending Live Funding
Traders who successfully completed the demo evaluation and were awaiting transition to a live funded account may be provided with a Stage Two Demo account reset, ensuring a standardized and controlled progression to live
@TheTrustedProp@MyForexFunds Traders in the Demo Evaluation Phase (Stage One or Stage Two)
Traders who were actively participating in Stage One or Stage Two Demo at the time of service interruption may have their accounts reissued and reset to Stage One Demo, while retaining the original account
@TheTrustedProp@MyForexFunds Clients With Confirmed Payment but No Login Credentials
Traders who completed payment and whose payment was confirmed by MyForexFunds, but who did not receive trading account credentials, may be issued a new demo trading account corresponding to their original purchase.
@TheTrustedProp@MyForexFunds 1. Incoming Clients (Payment Confirmed – Credentials Not Issued)
Definition:
Clients who have completed payment and possess verifiable proof of payment acknowledged by the Firm but have not yet received trading account credentials.
@TheTrustedProp@MyForexFunds myforexfunds pls this my proposal: PROPOSAL FOR RESOLUTION OF EXISTING TRADER ACCOUNTS
This proposal outlines a structured and equitable resolution framework for existing traders of MyForexFunds (“the Firm”), aimed at restoring operations while ensuring fairness.
Hello Prop Trading family,
We would like to let you know that we are launching an information page on our URL outlining timelines surrounding MyForexFunds and its efforts to get into a position that we can provide further clarity on our future. We also believe it serves best to post the full story of what happened with a clear and honest foundation. This will allow everyone to have all facts necessary to understand the complexity of our position and stem any false narratives they may face in public. We understand a lot of time has passed and after the initial surge of information from one side of the story, people may have lost interest in updating themselves on the goings on in the case. We hope to resolve that.
This marks the beginning of a broader effort to set the record straight, allow traders to be informed and hopefully get into a position to move forward. The complete story will soon be available.
Visit https://t.co/7PXjO9gpvH to view the overview.
Transparency, clarity, detail. More to come as we push forward.
#MyForexFunds #FundedTrader #PropTrading #PropFirm
In August 2023, MyForexFunds was wrongfully shut down. The CFTC’s case in USA has been dismissed and the unwinding process of Receivership in Canada is still ongoing. Thank you to our community for your support and strength during this time.
Please see an update from our CEO Murtuza Kazmi below.
More to come.
Dear MFF Family and Prop Community,
Our roadmap is more than just a plan; it’s a journey we’re taking together with our community. We’re opening the doors to transparency - keeping you informed of each step, challenge, and achievement along the way. From early victories to upcoming milestones, we’ll keep our MFF and Prop family updated as we progress.
After the court order is finalized, Canadian regulators may continue to review. However, we will be regaining full control of our assets, including data, data sources, systems, and more, which will allow us to conduct a comprehensive analysis. This process will begin once our support team is fully onboarded. Once the analysis phase is complete, we’ll be in a much stronger position to share what comes next.
Stay tuned!
We’re excited to share another major milestone on our journey - Phase Three is officially complete. The Ontario Superior Court has approved the Canadian Asset Handover Order. We are in the process of regaining full control over our assets, data, and systems.
The phase of reassembling the MyForexFunds team can now begin. With the right people back in place, a comprehensive analysis and operational review will follow, bringing us one step closer to the next chapter for MyForexFunds and our global trading community.
Thank you for your patience, resilience, and support. We’re committed to keeping our #MFF and prop trading family informed at every step as we move forward together.
#MyForexFunds #FundedTrader #PropTrading #PropFirm #ForexTrading