My Forex Funds News: Latest Announcements & Top Stories

freezing its assets and those of its CEO over alleged fund misappropriation. However, some funds were actually tax payments, leading the court to unfreeze a significant portion of the assets. My Forex Funds now claims the CFTC misled the court to secure the freeze and is seeking sanctions against the regulator. Senator Grassley’s letter also referenced criticism from CFTC Commissioner Caroline D. Pham regarding "false, misleading, and incomplete information" provided by the agency in court, and the lack of accountability for those involved. An evidentiary hearing on the sanctions order against the CFTC is set for September 19-20, 2024.

through dubious methods. Meanwhile, the legitimate My Forex Funds, with 152K Instagram followers, has been inactive since September 1, 2023, following the CFTC's fraud charges. This situation highlights the importance of traders verifying the legitimacy of trading firms to avoid scams.

of their operations due to compliance issues. While this may raise concerns among investors and industry stakeholders, the company has taken swift action and remains optimistic about resolving these challenges. Stay tuned for further updates.

note that CFD leverage will be changing to 1:50 on all evaluation accounts on the 1st of August.

will remain unaffected.

the new dashboard. Thirdly, updates to the website are planned, with ample notice given before any downtime. Fourthly, Skrill integration is completed and will be integrated soon. Lastly, the brokerage is still in progress, but should be pushed faster once the first two updates are completed.