My Forex Funds

Known Scam

Forex Investment Scam · First reported 2023

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500,000

Victims reported

3,400

Warnings filed

12%

Recovery rate

£50,000

Max loss logged

About this scam

My Forex Funds (MFF) was a proprietary trading firm that sold "funded trader" challenges to aspiring forex traders worldwide. The company collapsed in July 2023 after thousands of traders reported being unable to withdraw profits. The company was found to be operating a Ponzi-like scheme where new challenge fees paid out existing trader withdrawals. MFF had previously been one of the most popular prop trading firms, with over 500,000 customers. The collapse left traders owed hundreds of millions of dollars.

Scam tactics used

Funded trader challenge feesWithdrawal delays and denialsPonzi-like payout structureFake trading environmentAggressive affiliate marketingUnrealistic profit claims

Operating jurisdictions

United StatesGlobal

How we can help with My Forex Funds

Investment Fraud RecoveryRecovery for victims of bogus investment schemes - from property and "guaranteed return" products to Ponzi and unregulated opportunity scams.CFD Trading Scam RecoveryRecovery for victims of Contracts for Difference (CFD) fraud, including fake platforms, manipulated trades and unauthorised deposits.Legal RecoveryInternational legal action against fraudsters through civil litigation, criminal proceedings, and asset freezing orders across 30+ jurisdictions.

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Our team has a 12% recovery success rate on cases involving My Forex Funds. Get a free case review - no recovery, no fee.

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What to do about My Forex Funds

01Contact us first. Get a free fund-recovery assessment from our investigators. We investigate My Forex Funds and set out the practical steps to pursue your money.
02Share your evidence. Send us what you have - payments, screenshots and correspondence - and we organise it into a clear case file.
03Your bank. We help you pursue a recall or chargeback on the affected transfers.
04Regulators and authorities. Where it strengthens your case, we prepare and file the necessary reports with bodies such as the FCA and Action Fraud on your behalf.