Trading involves risk and you can lose money. Results vary.
1Why My Forex Funds Shut Down In 2023
In August 2023 the CFTC sued Traders Global Group, the company behind My Forex Funds, and its assets were frozen.
With its money frozen in the US and in Canada, the firm stopped trading and payouts. Many traders had open accounts and pending payouts when it closed.
2How The Case Was Thrown Out In 2025
In May 2025 a federal judge in New Jersey dismissed the CFTC case with prejudice and sanctioned the agency.
A court appointed special master found the CFTC had misled the court, and the judge ordered the agency to pay legal fees. The case ended on those grounds, so the original claims were never decided either way. A court in Ontario later released most of the frozen funds.
Why the firm shut down in 2023
Send my free AI trading guide →3Where Things Stand For Former Traders
The company won in court, but how and when former traders get paid depends on the company itself.
Some reports say the firm has hinted at a comeback and contacted traders about old payouts. Only trust messages from the firm's official site and email, and be careful with anyone offering to recover your money for a fee.
4How We Would Test Any Trading Program Today
Start on demo money, keep withdrawals easy, and walk away from anything that promises fixed returns.
A demo account runs on real prices with fake money, so you see how a strategy behaves before risking a dollar. Check that the broker is regulated where you live, and make a small withdrawal early to prove the money comes back. Trading involves risk and you can lose money.
- Run it on a demo account for two to four weeks
- Check the broker's regulator on its official site
- Withdraw a small amount early to test payouts
Ready to start? Our free guide on letting AI trade for you walks you through it step by step, and our shut down and sued money programs guides cover the rest of this topic.
Questions people ask
Is My Forex Funds coming back?
The firm has hinted at a return after winning in court. Check its official site for any confirmed relaunch.
Was My Forex Funds found guilty?
No. The CFTC case was dismissed with prejudice in May 2025, and the court sanctioned the CFTC.
Who owned My Forex Funds?
Traders Global Group, a company based in Ontario, Canada, ran My Forex Funds.
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