Key Takeaways
The MyForexFunds comeback 2026 story has moved from rumor to roadmap. Two and a half years after the Commodity Futures Trading Commission shut the firm down under $300 million fraud allegations, the case is dead. A U.S. federal judge threw it out with prejudice in May 2025.
An Ontario court returned the company's assets in December 2025. Parent company Traders Global Group Inc. announced on February 3, 2026 that it would honor outstanding trader payouts from the August 2023 shutdown. A firm that once served traders in 80+ countries and distributed over $290 million in payouts is rebuilding in public. Here's what the court record, regulator filings, and verified company statements actually show, and what funded traders should watch over the next few months.
In August 2023, the CFTC filed civil fraud charges against Traders Global Group and its founder Murtuza Kazmi, accusing the operation of running a sham prop firm that misused customer funds. Ontario's Superior Court followed with a Mareva injunction. MyForexFunds went dark almost overnight, stranding tens of thousands of funded traders and unresolved payout requests.
The case never reached a verdict. It collapsed under procedural errors.
In December 2024, CFTC lead attorney Ashley Burden admitted in court that the agency had been "careless and sloppy" with its filings. By May 2025, five CFTC staff, four lawyers and one investigator, were placed on administrative leave over potential ethics violations and the submission of inaccurate trial information. Special Master Jose L. Linares, a former federal judge appointed to review the conduct of the case, recommended dismissal after finding that the CFTC had mischaracterized a CAD 31.5 million Canadian tax payment as misappropriated customer funds. That single mischaracterization had helped justify the original asset freeze.
On May 13, 2025, U.S. District Judge Edward S. Kiel adopted the Special Master's recommendation and dismissed the case with prejudice. That means the CFTC cannot refile it. The court also ordered approximately $3.1 million in attorney-fee sanctions against the agency, a rare financial penalty against a federal regulator.
The Canadian side unwound more slowly. Ontario's receivership over Traders Global assets was scaled back through 2025. A final court order in December 2025 authorized the return of data, systems, and cash reserves to the company. A court-appointed receiver retained roughly $500,000 for residual expenses, and about $10 million remained in escrow pending final accounting.
On February 25, 2026, the Ontario court awarded Traders Global C$80,000 (roughly US$58,500) in costs against the Ontario Securities Commission. The dollar figure is small. The precedent is not. It is more than five times the previous record for costs assessed against the OSC in a contested enforcement matter.
MyForexFunds has not announced a full relaunch date. What it has published is a quarter-by-quarter recovery plan tied to the return of its systems and data.
| Phase | Status as of April 14, 2026 |
|---|---|
| January 2026: Data recovery | Complete. Trading history and payout records from pre-shutdown systems reportedly restored. |
| February 2026: Team reassembly | Complete. Pre-shutdown operations staff re-engaged, CEO video explainer released. |
| March 2026: Support channels reopened | In progress. Official communication channels restored for community updates. |
| Q2 2026 onward: Financial systems and payouts | Pending. No distribution date for 2023 payout claimants. |
| Relaunch of evaluation program | Not announced. No new challenges are currently being sold. |
In a February company statement, Kazmi said: "The most important part of our story isn't just about winning in court; it's about doing right by our traders." On the firm's official social account, the message was shorter: "It's been a long time. A lot has happened. We will tell our story soon. Be patient, we missed you."
Two groups of traders are affected, and their situations are different.
Pre-shutdown payout claimants. If you had a valid, verified payout request dated August 2023, MyForexFunds says you are eligible for distribution under the February 3, 2026 announcement. No payout date, portal, or payment method has been published. Kazmi has said detailed guidance is coming once the firm's financial and technical systems are rebuilt and new payment partners are onboarded. Affected traders should preserve their original account confirmation, the email trail of the 2023 payout request, and any dashboard screenshots from before the shutdown.
New challenge buyers. There are no challenges to buy. Kazmi has told the community to ignore any third-party site claiming to sell MFF 2026 accounts. His exact guidance: "The only updates the community can trust are the official updates from us or the court system." Any offer marketing a "MyForexFunds 2026 challenge" right now is unofficial and likely a scam.
Traders who want to keep capital deployed while this plays out still have a crowded market. Firms like FTMO, FundedNext, and The5ers now hold the ground MFF once led. Challenge rules, drawdown structures, and payout terms have shifted meaningfully since 2023, so returning traders should check current terms rather than rely on memory from the old MFF era.
The collapse of the CFTC case against Traders Global is the largest procedural loss the agency has taken in a retail-facing forex enforcement matter. Defense attorneys are already citing it in other pending prop firm and broker cases.
Two parts of the record carry industry-wide weight. First, the court never ruled that prop firm challenge fees are or aren't customer funds. The CFTC's theory treated them as deposits in a commodity pool. The dismissal forecloses that theory against this defendant but leaves the larger legal question open for the next case.
Second, sanctions against a federal regulator at this scale are rare. The procedural record will likely shape how future enforcement teams document prop firm investigations, especially around cross-border tax payments and asset freezes.
Neither of those establishes that any specific MFF business practice was legal. They establish that the CFTC did not prove fraud in court, and that the shutdown rested on evidence a federal judge found unreliable.
No. As of April 14, 2026, MyForexFunds is in the support-channel reopening phase of its recovery roadmap. The firm is not selling challenges or funding new accounts. Any website marketing an active MFF challenge is operating without official confirmation and should be treated as unrelated to the company.
MyForexFunds announced on February 3, 2026 that traders with valid, verified August 2023 payout requests are eligible for distribution. No payout date, method, or claim portal has been published. CEO Murtuza Kazmi said a detailed process update is coming once the firm's financial systems and payment partner integrations are in place.
The CFTC's civil fraud case was dismissed with prejudice on May 13, 2025 after the court found the agency had mischaracterized evidence, including a CAD 31.5 million tax payment treated as misappropriation. Dismissal with prejudice means the case cannot be refiled. It is not a criminal acquittal. No criminal charges were ever filed against the company.
U.S. District Judge Edward S. Kiel ordered approximately $3.1 million in attorney-fee sanctions against the CFTC on May 13, 2025. Separately, on February 25, 2026, an Ontario court awarded Traders Global C$80,000 in costs against the Ontario Securities Commission, more than five times the previous record for costs against the OSC.
No. MyForexFunds has not authorized any resale, affiliate, or early-access program. Kazmi's public guidance is explicit: only the firm's official channels and the court record are reliable sources. Any third-party offering of "MFF 2026" challenges should be treated as a scam risk until the company publishes an official evaluation program.
The MyForexFunds comeback 2026 story is real, but it is a rebuild, not a reopening. The next meaningful milestones are the Q2 2026 financial-system rebuild and the eventual publication of a distribution process for 2023 payout claimants. Until those arrive, there are no new challenges to buy and no confirmed payout dates.
Traders holding 2023 claims should save their records and wait for official guidance from the firm's restored channels. Traders looking for live funded accounts should compare current alternatives on the PF Matrix prop firm directory rather than hold cash for a firm with no confirmed relaunch date. We will update this story when MyForexFunds publishes a distribution process, a new evaluation program, or a definitive return date.
Sources checked: PR Newswire company statement on 2023 payout eligibility dated February 3, 2026, and direct public statements from CEO Murtuza Kazmi. Last verified: April 14, 2026 Exact payout distribution dates, trader-by-trader payout amounts, specific new-challenge pricing, and any relaunch date for a new evaluation program. None of those had been published at time of writing. Written by: Jordan Hayes, Research Analyst Reviewed by: Priya Sharma, Assistant Editor
PF Matrix independently verifies challenge rules, pricing, and firm data by checking official firm websites, help centers, and terms of service. We note when information could not be confirmed. Data such as pricing, rules, and discount codes can change without notice. Always verify current details on the firm's official site before purchasing.
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Jordan Hayes
Research Analyst
Jordan Hayes is a Research Analyst at PF Matrix with three years in trading analytics. He specializes in data-driven comparisons, fee breakdowns, and challenge metrics.
View all articles by Jordan HayesReviewed by Priya Sharma, Assistant Editor
