Founded in 2020 by Murtuza Kazmi, My Forex Funds rapidly grew into one of the leading proprietary trading firms in the industry. The company's business model was to offer undercapitalized traders the opportunity to trade with company funds (up to $2 million) by first passing a multi-phase evaluation challenge, for which they paid a fee. Successful traders would then enter a profit-sharing agreement with the firm. In August and September 2023, the company's operations were abruptly halted, and its assets were frozen by financial regulators in Canada and the United States, who accused the firm and its CEO of large-scale fraud.

Founded in

Canada