My forex funds news today

In a court decision yesterday, MFF’s Founder and CEO, Murtuza Kazmi, secured partial victory with the release of assets valued at around $100 million. We have accounts ranging from $10k to $100k and each account has different monthly subscriptions. *. Trustpilot: MyForexFunds although it is relatively new in the prop industry, it has many reviews. This works out to around $221,500 per day, $9,229 per hour and $153 per minute. Aug 18, 2023 · 4. My Forex Funds, a prop trading firm, has terminated its services as the Commodity Futures Trading Commission (CFTC) in the United States and the Ontario Nov 23, 2023 · Abstract：My Forex Funds wins a key legal case against the CFTC, granting an extension for the response to the new complaint. Murtuza Kazmi, CEO of MyForexFunds and Josh, Head of Risk and trading, will discuss the latest news around MFF and prop trading. Excel in FX with MyFundedFX, the best evaluation services firm. My Forex Funds has shared that they have some updates to share with their community: 1) They have started adding an additional MT5 demo server. 9/5. Anticipate market-moving events long before they happen with the internet's most forex-focused economic calendar. Retail sales edged up 0. The defendant's lawyers challenged the findings Sep 27, 2023 · The prop trading firm filed a motion yesterday, seeking modification of the statutory restraining order. TradeBench: TradeBench is a comprehensive portfolio management tool designed specifically for forex and stock traders. GAIN Capital Group LLC is a wholly-owned subsidiary of StoneX Group Inc. Similar to other prop trading platforms, My Forex Funds generated revenue from fees collected from traders for taking on its challenges. The allegations included that the company illegally transferred funds to Kazmi's personal accounts. Pham has finally come forward regarding the CFTC v. The Motion was granted GBP/USD struggles to hold above 1. 74. The legal battle between My Forex Funds (MFF) and the US Commodity Futures Trading Commission (CFTC) continues to unfold in a New Jersey court. Sep 7, 2023 · My Forex Funds is not a Good broker because of many clients complaints and report about their lost money to My Forex Funds scam, based on 9 months live trading of an experienced clients, great spreads news and fake reviews about My Forex Funds scam, My Forex Funds has a very poor customer support. What is important to know that no matter how experienced you are, mistakes will be part of the trading process MyForexFunds is a world leader in FOREX prop trading. Despite this setback, the Hungary-based online proprietary trading firm has announced plans to restart its operations next week. With traders across the globe MyForexFunds looks to provide capital to the worlds best traders. This includes setting stop-loss and take-profit levels for each trade to limit 153K Followers, 12 Following, 519 Posts - MyForexFunds (@myforexfunds) on Instagram: "MyForexFunds is the world’s leading Forex prop firm with over 60,000 live funded traders trading FOREX, CFD's and Cryptos. It provides a centralized platform for tracking trades, managing portfolios, and analyzing performance. Sep 25, 2023 · VAUGHAN, ON, Sept. &rdquo Nov 13, 2023 · This can give you an idea of its profitability and risk level. In this video I break down exactly how I passed phase 1 & 2 of the My Forex Funds 200K Evaluation!💻 MyForexFunds:https://myforexfunds. BookMyForex forex cards come with Zero hidden charges, Zero commissions and perfect interbank rates. You can get a funded account with up to $2,000,000 in balance and up to an 85% profit split payout. Sep 11, 2023 · 🔥BREAKING NEWS🔥 My Forex Funds Shut Down?! In this video, I dive into the recent events surrounding My Forex Funds. Our company offers best-in-market conditions Mar 8, 2024 · The legal representatives of Traders Global Group, operating as My Forex Funds, are seeking sanctions against the Commodity Futures Trading Commission (CFTC). *You must successfully end your first live month in profit for Feb 22, 2024 · True Forex Funds, an online proprietary trading firm based in Hungary, has announced its return to the trading scene in a recent post on the social media platform X (formerly Twitter). 6 days. Nov 19, 2023 · Here's the latest on My Forex Funds legal battle with US CFTC Regulators and what it means for the prop trading industry going forwardThese are my opinions Feb 17, 2023 · The 5% Equity Daily Drawdown rule takes many traders by surprise especially if you started trading FTMO before My Forex Funds. 3) My Forex Funds has the C-Trader platform; they will not The CFTC has charged My Forex Funds with 300 million dollar Fraud. The CFTC seeks an order continuing the Court’s Statutory Restraining Order (SRO), as well as order enjoining future Sep 1, 2023 · September 1, 2023. You can trade Forex and other CFDs like Indices, Metals, Commodities, and FOREX. The court ordered the release and return of most of the assets belonging to the Founder and CEO, Murtuza Kazmi, valued at approximately $100 million. However, the regulatory action shuttered the business overnight. Judge Zahid N. The relevant documents were submitted on November 9, 2023 in the New Jersey District Court. Forex Factory is where professional traders connect to the forex markets, and to each other. The CFTC initially charged My Forex Funds and its CEO with fraud on August 28 and obtained a court order to freeze the company's and the individual's assets. To get access to a funded account you have two options: instant funding programs or a two-phase challenge program. Behind the scenes, these prop trading companies are taking many steps to bolster their compliance. It follows the shutdown of Canada's My Forex Funds by US and Canadian regulators last September. True Forex Funds recently ceased operations following the alleged termination of its MT4 and MT5 licenses by MetaQuotes. has its principal place of business at 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA. 9 on Trustpilot with more than 6,500 reviews, and 92% of the reviews point to My Forex Funds (MFF) being an excellent prop firm. However, $12. com’s ProPicks are 6 winning stock portfolios chosen by our advanced AI. "We didn't know it was a Feb 6, 2024 · Last year, a US court partially granted the CEO of My Forex Funds' (Murtuza Kazmi) request, releasing approximately $100 million of his assets while retaining $12 million. Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0. 1 percent on a monthly basis in May following a 0. Nov 18, 2023 · The New Jersey District Court has partially granted the motion by the Commodity Futures Trading Commission (CFTC) for injunction and asset freeze regarding My Forex Funds. GAIN Global Markets Inc. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of MyForexFunds is a world leader in FOREX prop trading. Your maximum drawdown is 12%, and the daily drawdown limit is 5%. See historical, previous, consensus and actual values for any indicator. 000 personas, las cuales le brindaban con un beneficio total de 310 millones de dólares, haciéndoles creer en todo momento que estaban de su lado. [Press Release 8771-23] Dec 6, 2023 · The Mischaracterization of Tax Payments. 2800 after US jobs data. 47 Monetary Policy Oct 31, 2023 · My Forex Funds (MFF) ceased trading in early September 2023 with an expectation that they would be challenging all of the legal issues within a few week, but Sep 30, 2023 · The prop trading industry has become very cautious after My Forex Funds was slapped with fraud charges in the United States. My Forex Funds. Nov 1, 2023 · In the recent response, the attorneys of My Forex Funds and Kazmi questioned the jurisdiction of the CFTC over the prop trading platform, stating that “the transactions between MFF and its customers fall outside the scope of the Commodities Exchange Act’s (CEA’s) anti-fraud provisions, registration requirements, and off-exchange trading Sep 29, 2023 · My Forex Funds and Deel Scandal as a Game-Changing Market Trend: Compliance First. The platform has more than 135,000 customers, who paid about $310 million in fees. Some reviews addressed the firm’s trading conditions, providing traders with fair opportunities to earn profits. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 161. It was established in 2020 and quickly became popular. Nov 16, 2023 · In a recent court ruling in New Jersey, My Forex Funds (MFF), a prominent player in the proprietary trading industry, achieved a significant legal victory. An archived version of its website from earlier this year does not contain the word "virtual". S. What does this mean for the futur My Forex Funds Updates. U. www. -1%. True Forex Funds becomes the second known name in the prop sector among FX and CFD traders to have its operations halted in the past few months Sep 12, 2023 · Deel is 💀dead for #propfirms payment processing - accelerating #5 on my list in this video. uscreen. In a motion filed yesterday (Thursday), the lawyers allege that the regulator knowingly misrepresented facts and its “staff acted in bad faith. My Forex Funds Sep 4, 2023 · Action has been taken against two companies operating My Forex Funds and their owner. Watch Austin, James, and other funded traders LIVE every day on ASFX TV - https://asfxtv. Kazmi purportedly used proceeds from this alleged fraudulent scheme to acquire luxury properties, and vehicles, and transfer tens of millions of dollars to his personal accounts. Overall, My Forex Funds offers a higher initial capital of $50,000 compared to FTMO’s maximum of $50,000. 76 Traders 65%. , a Canadian business organization, all doing business as “My Forex Funds. myforexfunds. The court ordered the unfreezing of approximately $100 million of the company's assets, a decision that marks a turning point in the ongoing legal battle with the US Commodity Futures Trading Commission (CFTC). A minute detail in a recent court filing by the Commodity Futures Trading Commission (CFTC) led them to allege that the regulator was aware of its mischaracterization of the payments in the initial allegations against the prop trading firm and its CEO, Murtaza Kazmi. ee/for La CFTC considera fraude a My Forex Funds tras comentar que la empresa de fondeo era la contrapartida de sus traders, en concreto, 130. 16% 14. Increased leverage increases risk. com/?wpam_id=150069📈 . Gain access to up to $600K in funded simulations. Jan 9, 2024 · Canadian behind My Forex Funds trading website fights fraud allegations on both sides of the border David Milstead Published January 9, 2024 Updated February 7, 2024 Nov 7, 2023 · Charging defendants, doing business as “My Forex Funds,” with fraudulently soliciting at least $310 million in fees from more than 135,000 customers to trade leveraged, margined, or financed retail forex, and leveraged retail commodity transactions. Sessions. 3 days ago · CFTC Commissioner Caroline D. With the largest payout of $53,707. Investing. , and is a wholly-owned Jul 4, 2023 · Conclusion: In conclusion, the comprehensive analysis of the performance of the Forex fund reveals its ability to generate consistent profits while effectively managing risk. If you are planning on taking Sep 29, 2023 · the footer of My Funded FX website reads. 2. They will also go through up Sep 1, 2023 · One of the biggest proprietary trading firms has been FROZEN by US & Canadian regulators & accused of a $300,000,000 fraud. Dec 22, 2023 · I woke up this morning to a bunch of messages saying to My Forex Funds is back live, so I decided to research the situation a bit. com), charging the company and its operator Murtuza Kazmi with running a $300 million+ fraud on retail traders. With an impressive ROI, low drawdown, and attractive risk-adjusted returns, the fund demonstrates its expertise in navigating the volatile currency markets. However, FTMO’s evaluation process allows traders to access larger account sizes and potentially higher payout percentages based on their performance. Prop News. Friday, 29/09/2023 | 04:21 GMT-7 by Ella Rosenberg. In response to the disruption, True Forex Funds' CEO, Richard Nagy This Week: Jun 30 - Jul 6. 10 months ago 0 16799. As a trader, dealing with a prop firm c In the wake of the My Forex Funds (MFF) scandal, where losses have exceeded a staggering $300 million, affected traders are now grasping for a lifeline. Nonfarm Payrolls in Feb 6, 2024 · FNG has learned that Hungary based online prop trading firm True Forex Funds has ceased operating, at least temporarily, after MT4 / MT5 operator MetaQuotes terminated its trading platform licenses. On Trustpilot alone, the firm has gathered 5,875 reviews at the time of this writing. 08 million of these assets will remain frozen. , an Ontario corporation, and Kazmi Be the first to know about promotions and discounts. Available account sizes are $10,000, $20,000, $50,000, $100,000, and $200,000. My Forex Funds is a funding program that enables traders to trade with larger accounts. Remember me. 5 Ways start at 02:205 Ways Prop Firms are Adjusting to MFF #myfo Sep 12, 2023 · MFF NEW UPDATE 11 SEP. " Dedicated Forex cloud solutions with stable DailyFX is the leading portal for financial market news covering forex, commodities, and indices. 2) They will also start using their demo 4 MT4 server soon. HEARING II MY FOREX FUND II DEEL ISSUE II MFF is it over?#myforexfunds #mff ENG SubtitlesForex Salary all Linkshttps://linktr. Log into your FOREX. We would like to show you a description here but the site won’t allow us. 25, 2023 /CNW/ - My Forex Funds has retained the legal team at Quinn Emanuel Urquhart & Sullivan, LLP, led by Alex Spiro, Rob Zink, Michael Shaheen, and Dakota Speas, to Jan 28, 2023 · The firm has an overall rating of 4. In a landmark decision on Tuesday, November 14th, a New Jersey Court issued a pivotal ruling in favor of My Forex Funds (MFF), a prominent player in the proprietary trading (prop trading) industry, in its legal Mar 29, 2024 · Retail FX my forex funds. This should free up a bit of bandwidth on the server. And with 2708 total payouts, the average was $2,290. and Canadian financial regulators have shut down Toronto based prop trading firm My Forex Funds (operating at website myforexfunds. In the video we will go over what they do wrong and what to look for in other forex prop f Exchange foreign currency at interbank/ zero margin (above ₹1lakh)* exchange rates with Visa powered Forex cards that can be used worldwide for online transactions, at ATMs and merchant outlets abroad without paying any foreign additional fee. 2800 with the immediate reaction to the mixed US jobs report but retreated below this level. GAIN Capital Group LLC (dba FOREX. Ser la contrapartida significa ser la otra parte que participa Sep 21, 2023 · My Forex Funds, now temporarily shattered, was one of the most popular prop trading platforms globally. The OSC is investigating possible breaches of securities law by Traders Global Group Inc. Economic Calendar in real-time covering all economic events and releases. Dedicated Forex cloud solutions with stable and fast cross-border connections What is the bonus you offer? Upon completion of Phase 2, you will be paid 2% of all profits made in Phase 1. “I am seriously concerned about the Commission’s rush to the wrong side of history because we are failing to put in the bare minimum amount of work necessary to get it right Mar 8, 2024 · The CFTC initially charged My Forex Funds and its CEO with fraud at the end of last August. Este movimiento se puede dar por varios factores, principalmente debido a la implementación de cambios en las normas Sep 1, 2023 · The Commodity Futures Trading Commission today announced it filed a complaint in the U. Deel's decision to cease services to My Forex Funds shows a new trend of prioritizing compliance. While it lacks educational resources, My Forex Funds is still an excellent option for most traders. Our company offers best-in-market conditions My Forex Funds. com-- The Japanese yen steadied near its weakest levels in 38 years on Thursday, with the currency’s latest decline and Sep 13, 2023 · AI computing powers are changing the stock market. 39,813 likes · 11 talking about this. com may, from time to time, offer payment processing services with respect to card deposits through StoneX Financial Ltd, Moor House First Floor, 120 London Wall, London, EC2Y 5ET. We Sep 4, 2023 · The CFTC asserts that more than 135,000 customers joined Traders Global’s trading program since November 2021, collectively paying over $310 million in fees. Oct 13, 2023 · Our Verdict. Another important aspect of maximizing profits with your forex funds on MT4 is risk management. Log in Sep 27, 2023 · As My Forex Funds's regulatory quagmire continues, new details of its legal line of defence emerge. 4 Lots. The New Jersey court, tonight (Tuesday), partially granted My Forex Fund's request in the lawsuit filed by the CFTC against the company. According to the CFTC, My Forex Funds generated at least $310 million in fees from its prop trading business. USD/JPY Forecast for July 5, 2024. As My Forex Funds's regulatory quagmire continues, new details of its legal line of defence emerge. GBP/USD spiked above 1. Another aspect that was addressed is the prompt payouts of Jan 5, 2023 · MyForexFunds Trustpilot Reviews. The heart of the issue lies in allegations of fraudulent conduct tied to the solicitation of traders for leveraged, margined, or financed retail foreign exchange and leveraged retail commodity transactions. We provide traders with an opportunity to profit without risking any of their own money while trading. Japanese yen fragile as USDJPY nears 162; intervention in focus. Open. However, one of the visible ones is the sudden language change on their websites. Sep 21, 2023 · My Forex Funds, now temporarily shattered, was one of the most popular prop trading platforms globally. Forex trading involves inherent risks, and it is crucial to have a solid risk management strategy in place. Eurozone retail sales increased in May after falling a month ago but the pace of growth was weaker than forecast, official data showed on Friday. The quotes of the USD/JPY currency pair continue to move as part of the development of a minor correction and a bullish channel. 5 Lots 84%. CNY. Jan 21, 2022 · My Forex Funds has a pretty decent Evaluation phase which is slightly more generous than FTMO and other leading proprietary funds. Discover our charts, forecasts, analysis and more. District Court for the District of New Jersey against Murtuza Kazmi, formerly of Phillipsburg, New Jersey, and his companies, Traders Global Group Inc. by FPR Team. 2 percent drop in April, Eurostat said. Oct 2, 2023 · The decision of the Commodity Futures Trading Commission (CFTC) to charge My Forex Funds with fraudulently taking over $300 million from customers hoping to become professional traders has prompted much debate about the future direction of prop trading. 4. In Phase I, you must reach a profit target of 8% within 30 days. My Forex Funds is one of the best proprietary trading firms in the market. In the announcement, the company declared its resurgence with the statement: "True Forex Funds is BACK in the game. com" Sep 13, 2023 · San Francisco-headquartered Deel made over 40,000 transactions to transfer a hefty amount to My Forex Funds. In 2024 alone, ProPicks' AI identified 2 stocks that surged Mar 8, 2024 · The CFTC initially charged My Forex Funds and its CEO with fraud at the end of last August. , a New Jersey corporation and Traders Global Group Inc. 0 which is incredible for a prop firm. com) 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA. With TradeBench, traders can record and categorize their trades, monitor their account balances, and generate detailed Sep 10, 2023 · Regulators shut My Forex Funds charging $300 million fraud. Challenge Difficulty: Dec 2, 2022 · In February my forex funds paid out $6,202,217. Here is the article about t Nov 15, 2023 · November 15, 2023 6:36 pm UTC, abdelaziz Fathi. 2 percent. 52. Besides basic training, our program also teaches traders Nov 17, 2023 · My Forex Funds Discover Forex News Group: the latest behind-the-scenes insight into all the FX executive moves, platform advancements, regulatory changes, broker results and volumes, and all other actions which affect FX traders and FX industry people alike – you’ll find it all at FNG! Sep 1, 2023 · THE END OF PROP FIRMS!? MY FOREX FUNDS website locked down with news of Regulators stepping in what is going on in the Forex Prop Firm Space!💰Start Trading Visit Forex Prop Reviews to read all about the latest forex prop firm news & forex prop firm reviews. Nov 10, 2023 · The Commodity Futures Trading Commission (CFTC) has moved the Court for preliminary injunction in its case against My Forex Funds. Log into your trading account safely and securely to fund/deposit, request withdrawal, update or manage your profile and more. After the Securities and Exchange Commission (SEC) was sanctioned earlier this month, with orders to pay the legal costs of DEBT Box, the Commodity Futures Trading Commission (CFTC) is now defending itself against one such motion brought by My Forex Funds, calling it “an apparent attempt to strongarm a more favorable Feb 6, 2024 · CFTC Charges My Forex Funds with Fraud Of $300 Million. Sales were expected to climb 0. 4%. Quraishi has signed an order granting in part and denying in part the CFTC’s motion. ” “Recognizing that sanctions are an Feb 7, 2024 · This development represents the second instance in recent months where a notable name in the proprietary trading sector for foreign exchange and contract for difference traders. Sep 12, 2023 · Others believe that trading is the way to quick riches. Traders Global Group lawsuit, which alleges that My Forex Funds (MFF) practiced fraud. Retail FX prop trading. Feb 13, 2024 · True Forex Funds. Eurozone Retail Sales Rise In May. The platform has had more than 135,000 customers sign up since November 2021. In a startling turn of events, My Forex Funds finds itself trapped in regulatory issues as Canadian provincial securities regulators and their counterparts in the United States have issued freeze orders on the firm’s trading activities and access to its bank accounts. This decision followed the submission of "first impression evidence" by the Commodity Futures Trading Commission against My Forex Funds, indicating deceptive practices within 3 days ago · Forex Market News & FX Forecast. TORONTO – The Ontario Securities Commission (OSC) issued a temporary cease trade order against Traders Global Group Inc. My Forex Funds records show two pre-authorized payments of $27,000,000 CAD and $4,500,000 CAD, which the CFTC flagged. Upon completion of 30 days in Live account (which must include 10 trading days), you will be paid 4% of all profits made in Phase 2, your 112% refund and your profit share. io/ Take our courses and see an instant improvement in your Nov 2, 2023 · Traders can keep 80% of their profits and are subject to a monthly maintenance fee. It offers multiple account options, speedy payouts, and rewards for successful traders. com trading account now to trade over 80 global currency pairs and experience quick and reliable trade executions on our powerful, purpose-built trading platforms. Enter Now! Forex trading involves significant risk of loss and is not suitable for all investors. Official Intelligence Commissioner website has launched a service for the My Forex Funds scam victims in order to help them with refunds. Start your trading journey with us today! Dec 6, 2023 · My Forex Funds lawyers couldn't believe their eyes. MyForexFunds is the world’s leading Forex prop firm with over 30,000 live funded traders. PPI YoY (Jun) Medium. com, and its principal, Muhammad Murtuza Kazmi. Full Disclosures and Risk Warning. The lawyers representing the now suspended company claim that the Commodity Futures Trading Commission (CFTC) has “recklessly mischaracterized transfers to and from Defendants’ bank accounts before the SRO [statutory restraining order] was Anticipate market-moving events long before they happen with the internet's most forex-focused economic News Calendar Market Today: Jul 6 ; Date 7:30pm Sep 3, 2023 · The Commodity Futures Trading Commission (CFTC), a regulatory body, has lodged a legal complaint against Murtuza Kazmi and his associated entities collectively known as “ My Forex Funds ”. They might be both wrong. 35% 41 Traders. "This is a very small activity for us, less than 1 percent," an anonymous senior executive from Deel told Israeli media Calcalist. -1. Reguladores de Canadá y Estados Unidos han intervenido las cuentas de My Forex Funds; a día de hoy se encuentran bloqueadas temporalmente hasta, mínimo, el 11 de Septiembre, fecha la cual tendrá lugar el primer “juicio”. 25, 2023 /PRNewswire/ - My Forex Funds has retained the legal team at Quinn Emanuel Urquhart & Sullivan, LLP, led by Alex Spiro, Rob Zink, Michael Shaheen, and Dakota Speas, to May 2, 2023 · Today I passed the 5000$ MFF Challenge phase 1 in a few hours so I will be breaking down how I passed it and explaining how I got there!My Instagram: https:/ My Forex Funds is a prop trading firm based in Canada. 33. The markets are just a click away. The market's long-awaited move since the outcry of binary options has nullified the usual tech supplier excuse. 47% 🇨🇭CHF: 0. My Funded FX website (live vs archived) Bespoke Funding Program, another name in the prop trading industry, has now appended the word "virtual" to its rows' descriptions of profits and losses. The main accusation is that they have unlawfully taken more than $300 million from individuals who aspired to become professional traders. Their average review score is 4. According to the CFTC, the HR startup served 15,664 My Forex Funds customers. , doing business as myforexfunds. fx ai kt sz bl xe cv zc gx un