My Forex Funds Review 2026

Broker Alert

Failed CLEAR™ Scores flag those that breach ethical practices and fail to meet our strict CLEAR™ methodology standards. They have been identified due to issues such as unclear withdrawal policies, manipulative trading practices, and lack of regulatory oversight.Failed CLEAR™ Scores flag those that breach ethical practices and fail to meet our strict CLEAR™ methodology standards. They have been identified due to issues such as unclear withdrawal policies, manipulative trading practices, and lack of regulatory oversight.

Failed CLEAR™ Score: 0.1/5

• CFTC filed complaint August 2023 — unregistered CPO
• OSC cease-trade order August 2023 vs. Murtuza Kazmi
• Client withdrawals blocked after enforcement actions
• Not registered with CFTC, NFA, or OSC at any point
• Funded accounts simulated — no real-money protection
• 10,372 monthly visits; US & CA top enforcement zones

Customer Support0.1

Regulation0.1

Trade Execution0.1

Reputation0.1

Withdraw Speed0.1

CLEAR™ Score0.1

Customer Support0.1

Regulation0.1

Trade Execution0.1

Reputation0.1

Withdraw Speed0.1

CLEAR™ Score0.1

CFTC Complaint and OSC Cease-Trade Order: August 2023

Two enforcement actions filed within 24 hours of each other in August 2023 define the compliance record for My Forex Funds. Both actions name Traders Global Group Inc. and its CEO Murtuza Kazmi directly. Both primary-source documents remain on the public record.

CFTC Complaint, 29 August 2023

The CFTC complaint was filed in the United States District Court for the Northern District of Illinois on 29 August 2023, summarised in CFTC press release 8868-23. The complaint asserts that Traders Global Group Inc. and Murtuza Kazmi operated as an unregistered commodity pool operator in violation of the Commodity Exchange Act, and made material misrepresentations to customers regarding the nature of the trading environment. The CFTC alleged the platform’s evaluation challenges were structured to prevent traders from qualifying for funded accounts, generating evaluation fees as the primary revenue source.

Ontario Securities Commission Cease-Trade Order, 28 August 2023

The Ontario Securities Commission issued a temporary cease-trade order on 28 August 2023 against Traders Global Group Inc. and Murtuza Kazmi under the Ontario Securities Act on an urgent basis. Traders Global Group Inc. was not registered as an investment dealer, portfolio manager, or exempt market dealer. The OSC order effectively froze operations in Canada. Following the order, Traders Global Group Inc. announced it was winding down operations. Client accounts held with the platform were frozen.

Traders Global Group Inc.: Ontario Business Corporation, Operations Halted

My Forex Funds was operated by Traders Global Group Inc., an Ontario, Canada business corporation. The CEO and primary individual named in both the CFTC complaint and the OSC cease-trade order is Murtuza Kazmi. The company operated primarily online, marketing funded trading account evaluation challenges to retail clients globally through the myforexfunds.com domain, claiming more than 30,000 active accounts at its reported peak. Following the OSC cease-trade order of 28 August 2023 and the CFTC complaint of 29 August 2023, Traders Global Group Inc. announced it was winding down operations. Clients affected by the wind-down were advised to preserve all trading records and correspondence as part of any recovery process.

Ahrefs Audit: 10,372 Monthly Visits, Recovery Traffic Post-Enforcement

Live data from the Ahrefs API for myforexfunds.com on 10 June 2026: Domain Rating 50 (Ahrefs Rank 723,208), 4,636 live backlinks across 698 referring domains, 207 ranking organic keywords with 155 in the top three positions, 10,372 organic monthly visits, and no paid traffic. Organic traffic value is approximately 7,822 USD per month. The unusually high proportion of top-3 keywords (74.9 percent) reflects sustained high-ranking brand-search demand, consistent with a site searched by people who already know the brand and are seeking post-enforcement information.

Country breakdown of the 10,372 organic monthly visits: United States 1,572 (CFTC enforcement jurisdiction, 15.2 percent), India 1,427 (13.8 percent), Uzbekistan 541, United Kingdom 532 (FCA not authorised), Nigeria 524, Spain 292, Thailand 288, Colombia 254, France 246, Canada 244 (OSC enforcement jurisdiction), with the remainder spread across roughly 100 countries. The traffic pattern, with both enforcement jurisdictions among the top sources, is consistent with post-enforcement brand-search traffic from affected and potential clients.

The Smoking Gun: Still Ranking Two Years After Operations Were Halted

My Forex Funds operations were halted in August 2023 following CFTC and OSC enforcement actions. As of June 2026, myforexfunds.com records 10,372 organic monthly visits and 155 of its 207 keywords rank in top-3 positions. The United States and Canada – the two enforcement jurisdictions – remain among the top traffic sources. The sustained traffic is recovery-search demand: people who sent evaluation fees to the platform seeking information about the enforcement record, potential refund routes, and the current status of the proceedings.

Pro Tip from CleaRank: Treat any broker whose country-level traffic contradicts its own restriction policy as if it has already failed regulation. CLEAR-certified Tier-1 brokers like IC Markets, Fusion Markets or Darwinex use real IP-blocking and KYC gates to enforce country restrictions because their Tier-1 licences require it.

Payment Rails: Evaluation Fees and the Recovery Pathway

My Forex Funds collected evaluation fees from retail clients through standard online payment rails including Visa, Mastercard, bank wire, and cryptocurrency transfers, with fees typically ranging from 99 to 299 USD depending on account size. Card-based evaluation fees carry the standard Visa and Mastercard chargeback mechanism: if the service was not delivered as promised, a cardholder can initiate a chargeback through their card issuer, typically within 120 days of the transaction. Cryptocurrency evaluation fees do not carry a chargeback path. Clients who paid by card within the chargeback window should contact their card issuer directly, citing CFTC press release 8868-23 and the OSC cease-trade order of 28 August 2023 as supporting documentation.

Smart Pro Tip: If a broker only accepts crypto, mobile wallets, or local rails outside the Visa or Mastercard network, that is a structural sign the operator is trying to evade chargeback protection. Stick to Tier-1 brokers that take SEPA, Faster Payments, Visa, or Mastercard, and verify them with the CleaRank Broker Risk Scanner before depositing.

Customer Complaints: Accounts Frozen Post-Enforcement

Following the OSC cease-trade order of 28 August 2023 and the wind-down announcement, client accounts held with My Forex Funds became inaccessible. Withdrawal requests submitted after the enforcement actions were not processed. The complaint record, documented across multiple independent forums and broker-review platforms, is consistent: clients who had passed evaluation challenges and been allocated funded accounts found those accounts frozen and the platform offline. Funded accounts were simulated capital accounts, not real-money accounts held at a licensed custodian, which means the client-protection framework applicable to real-money brokerage accounts does not apply. The primary recourse pathways are the CFTC claims process for US clients, the OSC investor complaint process for Canadian clients, and card chargeback for clients within the chargeback window.

Action Steps If You Are Already a My Forex Funds Customer

Stop depositing immediately. Do not add another cent regardless of any bonus or recovery promise.

Preserve every record. Save deposit transaction hashes, MetaTrader account statements, chat logs, KYC submissions, every email and every screenshot.

File a chargeback fast if you deposited by Visa or Mastercard. The dispute window is typically 120 to 180 days from the deposit date.

Report the firm. UK: FCA Report an unauthorised firm. US: CFTC SmartCheck. Canada: Ontario Securities Commission. EU: your national regulator and ESMA.

Avoid recovery offers. Anyone offering guaranteed fund recovery for an up-front fee is a second-layer concern. Legitimate chargeback and regulator-complaint paths do not require an up-front fee.

Our Verdict for My Forex Funds

My Forex Funds’ 0.10 / 5 CLEAR Score reflects an operator that was the subject of simultaneous CFTC and OSC enforcement actions, has halted operations, and has frozen client accounts. Traders Global Group Inc. (Ontario, Canada) is the named entity. CFTC press release 8868-23, complaint filed 29 August 2023. OSC temporary cease-trade order, 28 August 2023. 10,372 monthly organic visits as of June 2026, predominantly recovery-search traffic. 155 of 207 keywords in top-3 positions. Operations halted August 2023. Funded accounts frozen. No investor compensation scheme, no functioning complaints process. The 0.10 / 5 score is the minimum achievable within the Failed CLEAR band.

Avoid My Forex Funds. For real ECN execution under a Tier-1 regulator, use a CLEAR-certified broker such as IC Markets (ASIC), Fusion Markets (ASIC), or Darwinex (FCA). Verify any broker through the CleaRank Broker Risk Scanner before depositing.

My Forex Funds FAQs

Disclaimer: This review documents the regulatory and compliance risks of an unregulated broker and is not financial advice. Always verify a broker’s licenses and seek professional guidance before trading.

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