If you’re comparing “My Forex Funds vs FTMO” in 2026, you should know upfront: My Forex Funds no longer operates. The firm was hit with a CFTC enforcement action in August 2023 and ceased trading operations shortly after. So the honest answer to the comparison isn’t “which one to choose” — it’s what happened to MFF, and what fills the gap.
This is educational content, not financial or legal advice. For the authoritative record on the MFF case, rely on the CFTC filings and court documents rather than review sites (including this one).
Quick answer
- My Forex Funds (MFF): Ceased operating after the CFTC filed a civil enforcement action in August 2023. Accounts and payouts were frozen. As of 2026 there is no active MFF service to sign up for.
- FTMO: Still operating, founded 2015, forex/CFD-focused, static-drawdown option on the 2-step challenge, full evaluation fee refund on first payout, up to 90% split, ~8h average payout processing.
- Practical takeaway: For forex/CFD traders looking for an MFF-like path, FTMO is the most direct replacement. But treat any single prop firm as fragile — the MFF story is the reason.
What actually happened to My Forex Funds
The short version: in August 2023 the U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against My Forex Funds and its principal, alleging fraud and registration violations. Operations were halted, accounts frozen, and payouts stopped. The case has been in court proceedings since.
We are not going to relitigate the case here — the CFTC has published its filings, and that is the authoritative source. What matters for you as a trader is what it means going forward.
Two lessons the MFF story left the industry with:
- Track record matters more than headline offers. MFF had aggressive discounts, prominent payout counters and viral marketing. That did not stop the firm from being shut down. A firm’s operating history and transparent rules are worth more than any promotion.
- Concentration risk is real. Traders who kept multiple accounts at MFF lost the fees on all of them at once. The lesson isn’t to spread across ten firms randomly, but to size your exposure to any one firm to something you can afford to lose.
How the MFF vs FTMO comparison used to look
Before the shutdown, MFF and FTMO were often compared on:
| Factor | My Forex Funds (2023, pre-shutdown) | FTMO (2026) |
|---|---|---|
| Founded | 2020 | 2015 |
| Track record | ~3 years at peak | ~11 years |
| Markets | Forex & CFDs | Forex, indices, commodities, stocks, crypto (CFDs) |
| Challenge types | Rapid, Evaluation, Accelerated | 2-step (static drawdown), 1-step (trailing) |
| Fee refund | Varied by program | Full refund on 2-step first payout |
| Split | Up to ~85% at scale | Up to 90% |
| Status today | Not operating | Operating |
The comparison isn’t apples-to-apples anymore — one side of it doesn’t exist. Even where MFF had features that looked competitive at the time (aggressive discounts, high splits on paper), the shutdown means those numbers never mattered.
Why FTMO is the sensible MFF replacement for most people
If your original reason to look at MFF was forex + CFD access, an evaluation challenge, and a payout share, FTMO is the closest active fit.
Where FTMO lines up with what MFF traders wanted:
- Forex/CFD focus. Same broad market coverage, not futures-only. If you were trading FX pairs and indices at MFF, you can trade the same instrument classes at FTMO.
- Evaluation challenge model. Pay a fee, hit a target, get funded. Same core structure MFF used.
- Payout share. Up to 90% at scale, which is competitive with what MFF was advertising.
- Full fee refund on the 2-step first payout. This is closer to the “get your money back” appeal MFF ran with in some programs, and it’s documented on the FTMO website rather than only in marketing copy.
Where FTMO is different (in ways that matter after MFF):
- Track record. Operating since 2015 vs MFF’s ~3 years at peak. Not a guarantee of anything — but the whole point of the MFF story is that longer history has value.
- Static drawdown option. The 2-step challenge uses a static drawdown, which most traders find easier to manage than a trailing model. See static vs trailing drawdown firms for the mechanics.
- News-trading restrictions. FTMO restricts holding through high-impact news windows (roughly 2 minutes either side). This catches out scalpers and news traders — read the rules before you assume you can trade the way you did at MFF.
For the full breakdown, see the FTMO review.
Other alternatives worth considering
FTMO is the default, but it isn’t the only option. Depending on what you need:
- FundedNext — up to ~95% split at scale, 120% fee refund on Stellar, rare 15% profit share during the challenge phase itself. Good if you want more upside than FTMO on the payout side and don’t mind a younger firm (founded 2022).
- The5%ers — accepts US traders, allows weekend holds, scaling plans up to $4M in program capital. Good if FTMO’s US restrictions or news rules don’t fit.
- FundingPips — static drawdown, four payout cycles, $180M+ paid out. Good if payout flexibility is what you cared about at MFF.
If you were an MFF trader who was actually trading futures (some were), the whole picture changes — see best futures prop firms and the Topstep alternatives shortlist instead.
What to watch for when picking your next firm
The MFF shutdown created a whole class of stranded traders. If you don’t want to be one of them at the next firm, use these filters:
- Operating history. Not a hard rule, but firms with 5+ years of continuous operations and documented payouts have survived at least one crypto/forex cycle. Newer firms aren’t automatically bad — just size your risk accordingly.
- Rule transparency. Every rule that can fail your account should be published on the official website, not buried in a Discord message or “we’ll let you know later” clause during the funded phase. See prop firm red flags for the full checklist.
- Regulatory posture. No prop firm is a regulated broker in the traditional sense, but you can still check whether the firm has been named in any regulatory action (like the CFTC’s MFF case) and whether its stated legal entity is real and locatable.
- Payout history. Firms that publish verified payouts (not just marketing counters) are giving you something falsifiable to check. Third-party review aggregation helps here too.
- Sensible concentration. Don’t spend your entire prop-firm budget with one firm on day one, especially if the firm is under two years old. This is the single cheapest insurance against another MFF.
FAQ
Is My Forex Funds coming back? There’s no active service in 2026. The CFTC case has been in court proceedings, and any resumption would depend on the outcome. Search results and old review pages still describe MFF as if it’s active — those pages are stale.
Can I still get refunds from MFF? That’s a legal question for the receiver/court, not something a review site can answer. If you have a claim, look for the official court filings and any receiver contact information published there.
Is FTMO safer because it’s older? Older doesn’t mean safe — it means more history to check. FTMO has been operating since 2015 with a documented payout history, which is a stronger signal than a two-year-old firm with big marketing. But no prop firm is bulletproof; size accordingly.
Are US traders eligible at FTMO? Restrictions have shifted over the years — check the FTMO website for the current position rather than trusting review sites. If you’re US-based and blocked, look at prop firms that accept US traders for the workable options.
Bottom line
There is no active “My Forex Funds vs FTMO” comparison in 2026 — MFF isn’t running. The practical replacement for MFF traders is FTMO for most people, or one of the alternatives above for specific needs. And the deeper lesson from the MFF story is worth more than any single firm choice: treat every prop firm as fragile, prioritize track record and rule transparency, and never concentrate your fee budget in one place.
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