My Latest UpdatesIt’s hard to believe how long the My Forex Funds vs CFTC case dragged on. Good for the lawyers, I guess, but for the rest of us, a resolution would be nice. Here’s the latest, not-so-exciting update, with pdfs of the latest filings below. For the most recent updates, plus further explanations, stay check out … Read more
Hard to believe, but it has been almost a year and a half since the CFTC shockingly shut down My Forex Funds by freezing their bank accounts. The case could drag on much longer – perhaps well into 2025 or longer if the case goes all the way to court. There is, however, a very … Read more
Overview FundedNext has quickly become one of my favorite prop firms for a number of reasons. For starters, they start paying you from the jump – you actually get a percentage of your profits during the evaluation stage. They also guarantee on time payouts, or they’ll give you an extra $1,000, they are 25% cheaper … Read more
I thought I would write up this very quick summary of what’s going on with the My Forex Funds case. I’ve been closely following the case and adding any significant (and some not so significant) updates to my Twitter account, if you want the most up-to-date info. Upcoming hearing – September 19 These things keep … Read more
A fake MyForexFunds is trying to scam traders.
I rate forex prop firms according to the best prices, best promos, best trading conditions, simplest rules, and how trustworthy they are.
An opinion was issued in the CFTC vs My Forex Funds case. MFF won, but may have lost the war. What this means for the future of prop firms.
My Forex Funds finally responded to the CFTC’s charges, even the “slip them to hell” comment. Read the full response plus my commentary.
This week’s prop trading update features another failed firm, Leveled Up Society. Also Winston Churchill (?) and the latest with My Forex Funds.
September 25, 2023 These are dire or exciting times to be in the prop firm world, depending on your perspective. We are definitely witnessing a seminal moment in the relatively short history of prop firms that offer funded accounts. That’s exciting! And a little scary. What does seem obvious is that the gray area in … Read more
