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 complaint August 2023, dismissed May 2025
• 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 taken on the same day, 29 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 District of New Jersey on 29 August 2023, summarised in CFTC press release 8771-23. The complaint alleged that Traders Global Group Inc., a related New Jersey company and Murtuza Kazmi fraudulently solicited customers to trade leveraged retail forex and commodity transactions, that Traders Global itself was the counterparty to substantially all customer trades, and that it used pretexts and special software to reduce customer profits. The CFTC said more than 135,000 customers had paid at least $310 million in fees since November 2021. On 13 May 2025 the court dismissed the case with prejudice and sanctioned the CFTC, so none of these allegations was ever tested at trial.

Ontario Securities Commission Cease-Trade Order, 29 August 2023

The Ontario Securities Commission issued a temporary cease-trade order on 29 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. In December 2025 the Ontario Superior Court released nearly all of the company’s assets, which had been under a court-appointed receiver since early 2024, with 10 million dollars kept in escrow.

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, and according to the CFTC more than 135,000 customers signed up between November 2021 and August 2023. Following the OSC cease-trade order of 29 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. As of October 2026, the MyForexFunds website names a different operator, Global Solutions Operations FZE, licensed by the Dubai World Trade Centre Authority (licence L-4713), with MetaTrader access provided by Globeline Markets Ltd of Saint Lucia (registration 2026-00192). Neither is a financial regulator’s licence.

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 Nearly Three 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 ranging from under 100 USD to more than 1,000 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. For fees paid in 2023, standard card chargeback windows have long closed. MyForexFunds says it will issue accounts to eligible traders affected by the August 2023 freeze, so former customers should follow its official account-restoration updates and ignore third-party recovery offers.

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 29 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. With the CFTC case dismissed in May 2025, there is no CFTC restitution process. The remaining routes are the OSC for Canadian clients and the account restoration MyForexFunds has promised ahead of its relaunch.

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 8771-23, complaint filed 29 August 2023. OSC temporary cease-trade order, 29 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. CFTC case dismissed with prejudice in May 2025, with sanctions against the CFTC. Most frozen assets released by an Ontario court in December 2025. Relaunch announced for 23 November 2026 under Dubai-based Global Solutions Operations FZE. 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.