Trading
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
September 18, 2023 Are we still talking about My Forex Funds and the CFTC? We are, and probably will be for some time as the prop trading industry continues to deal with the repercussions. Further fallout from CFTC vs MFF – Deel bails on prop firms While My Forex Funds was crashing and burning at … Read more
My weekly prop firm update has more about the downfall of My Forex Funds with a summary of the full complaint + reactions from other prop firms. Dig in!
I read the CFTC’s 40-page complaint against My Forex Funds so you don’t have to! Here’s some of the critical (and not so critical) things that stood out.
