Prop firm check

Is MyForexFunds safe?

MyForexFunds is recorded as closed. Our verdict is Avoid, 1.0 out of 10. Sourced from public operating records and published terms.

Avoid
1.0 / 10
Status
Closed
Founded
2020
Score
1.0 / 10
Updated
18 Jun 2026

FCA warning on record

Our record shows the FCA has published a warning about this firm. Read the warning on the FCA's own site before you deposit. FCA warning list
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What the verdict means

MyForexFunds is rated "Avoid". Verdicts come from a fixed, rule-based model applied identically to every entity.

  • Strongly Trusted

    A strong regulatory basis or track record on the evidence we hold.

  • Trusted

    A reasonable regulatory basis or track record on the evidence we hold.

  • Proceed With Caution

    Mixed or thin evidence, often an offshore licence. Check the register yourself.

  • High Risk

    The evidence points to material risk. Prop firms only.

  • AvoidThis record

    Serious concerns, such as no regulatory basis or a confirmed closure.

  • Not yet rated

    We hold a record but have not assigned a score. Not a judgement.

See the methodology for sources.

How to verify this yourself

Take a few minutes to check official registers directly:

  1. 01

    Read the firm's current rules, fees and payout terms on its own site and save a copy before paying.

  2. 02

    Confirm the legal company name, jurisdiction and registered address behind the brand.

  3. 03

    Look for independent evidence of payouts; treat site testimonials as marketing.

  4. 04

    Check whether the firm is regulated. Prop firms selling simulated challenges are rarely regulated brokers.

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Comparable prop firms in our records:

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TopStep

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The record

Public verification fields held for this entity:

Verdict
Avoid
Score
1.0 / 10
Regulators listed
None listed
Status
Closed
Founded
2020
Record updated
18 Jun 2026

Check the regulator's register before depositing. We take no affiliate commissions from brokers, prop firms or educators, and rated entities cannot be our affiliates. Verdicts are computed from regulator records and are not for sale.

verify.trading provides records and analysis, not investment advice; trading involves significant risk of loss. Absence of a regulatory action is not an endorsement, and absence from a regulator's list is not proof of authorisation.

MyForexFunds: questions answered

Is MyForexFunds legit?
Our record marks MyForexFunds as closed, so it is rated "Avoid". Check the firm's own site and public sources before acting.
What is the verdict for MyForexFunds?
Our record gives MyForexFunds a verdict of "Avoid" with a score of 1.0 out of 10. The verdict is computed from the regulator information we hold and is not a guarantee about the future.
Is MyForexFunds regulated?
Our record lists no regulator for MyForexFunds. Many prop firms sell evaluations on simulated accounts and are not regulated brokers, so the firm's own terms matter more.
When was MyForexFunds founded?
Our record gives 2020 as the founding year of MyForexFunds.
When was the MyForexFunds record last updated?
The MyForexFunds record was last updated on 18 June 2026. Records are refreshed as new regulator information is checked.

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