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MyForexFunds

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Operating status: SCAM

Website: https://myforexfunds.com/

Broker violations and abnormal records
  • 2023-01-22 The Spain CNMV Added MyForexFunds into Its Warning

    On 23 Jan 2023, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that MyForexFunds is not authorized to provide the investment services. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On 23 Jan 2023, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that MyForexFunds is not authorized to provide the investment services. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-01-31 BrokersView has Reviewed that MyForexFunds is an Unregulated Forex Broker

    MyForexFunds claims to be owned and operated by Traders Global Group Incorporated, a company registered in Canada. As per Canadian law, all forex brokers in Canada are regulated by the Investment Industry Regulatory Organization of Canada (IIROC). However, we did not find any match results for this broker in IIROC.

    More importantly, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that MyForexFunds is not authorized to provide investment services. The truth is, MyForexFunds is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

    MyForexFunds claims to be owned and operated by Traders Global Group Incorporated, a company registered in Canada. As per Canadian law, all forex brokers in Canada are regulated by the Investment Industry Regulatory Organization of Canada (IIROC). However, we did not find any match results for this broker in IIROC.More importantly, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that MyForexFunds is not authorized to provide investment services. The truth is, MyForexFunds is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.
  • 2023-08-31 The CFTC charges MyForexFunds with defrauding investors

    On September 1, 2023, the Commodity Futures Trading Commission (CFTC) published a press release, charging MyForexFunds with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders. https://www.cftc.gov/PressRoom/PressReleases/8771-23

    On September 1, 2023, the Commodity Futures Trading Commission (CFTC) published a press release, charging MyForexFunds with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders. https://www.cftc.gov/PressRoom/PressReleases/8771-23
  • 2023-08-31 The OSC issues a temporary cease trade order against MyForexFunds

    On September 1, 2023, the Ontario Securities Commission issued a temporary cease trade order against Traders Global Group Inc., doing business as myforexfunds.com, and its principal, Muhammad Murtuza Kazmi. https://www.osc.ca/en/news-events/news/osc-issues-temporary-cease-trade-order-against-myforexfundscom

    On September 1, 2023, the Ontario Securities Commission issued a temporary cease trade order against Traders Global Group Inc., doing business as myforexfunds.com, and its principal, Muhammad Murtuza Kazmi. https://www.osc.ca/en/news-events/news/osc-issues-temporary-cease-trade-order-against-myforexfundscom

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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