Jul 11, 2024 · CFTC 委員揭露職員在調查 My Forex Funds 涉嫌不當行為使案件受擾，包括向法庭作虛假陳述，委員呼籲重新分配案件處理人員，並由更高層單位處理制裁動議，並指出 CFTC 內部存在更廣泛問題，如執法部門對委員會不誠實。My Forex Funds 可能因此獲得轉機 Sep 21, 2023 · The Commodity Futures Trading Commission (CFTC) isn’t too pleased with them. , a Canadian business organization, and Murtuza Kazmi. Plaintiff, the Commodity Futures Trading Commission (“Commission”), has filed a Complaint for Injunctive Relief, Civil Monetary Penalties, and Other Equitable Relief and moved, pursuant to Section 6c(a) of the Commodity Exchange Act (“Act”), 7 U. The CFTC’s first target was My Forex Funds, which was a subsidiary of Traders Global Group and one of the biggest prop firms in the world. Alex Spiro and team from Quinn Emanual retained to represent My Forex Funds against CFTC allegations. However, the legal representatives of Traders Global Group, operating as My Forex Funds, are seeking sanctions against CFTC. The Commodity Futures Trading Commission today announced it filed a complaint in the U. Generally, foreign entities that solicit you to trade in, among other things, Forex and binary options, are required to register with the Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. How to Register My Forex Fund Account. The legal representatives of My Forex Funds and its CEO, Murtaza Kazmi, have responded to all the allegations brought by the Commodity Futures Trading Commission (CFTC) and categorically denied them. The regulator even obtained a temporary restraining order The CFTC relies on the public as an important source of information in carrying out its regulatory and enforcement responsibilities. The New Jersey court has partially granted My Forex Funds Assets Release request in the lawsuit filed by the Commodity Futures Trading Commission (CFTC) against the company. The CFTC initially charged My Forex Funds and its CEO with fraud at the end of last August. Official Intelligence Commissioner website has launched a service for the My Forex Funds scam victims in order to help them with refunds. Judge Zahid N. Additionally, forex funds are managed by professional fund managers who have The CFTC also Charges Melody Nganthuy Phan with Fraud by an Unregistered Commodity Pool Operator. MyForexFunds Assets Frozen – The Why and How. This is CFTC’s first case involving a romance scam, commonly known as “Pig Butchering,” a type of fraud that is growing in popularity. My Forex Funds Nov 18, 2023 · The New Jersey District Court has partially granted the motion by the Commodity Futures Trading Commission (CFTC) for injunction and asset freeze regarding My Forex Funds. Jul 16, 2024 · While the troubled prop trading brand My Forex Funds is fighting the Commodity Futures Trading Commission (CFTC) in court, scammers are taking advantage. According to the CFTC, the HR startup served 15,664 My Forex Funds customers. thesimpletradingedge. 5000 Jul 6, 2024 · CFTC may lose case against My Forex Funds due to regulator’s misconduct. The CFTC also obtained, without notice, a broad restraining order When you buy, your dealer is the seller; when you sell, your dealer is the buyer. Sep 4, 2023 · My Forex Funds, a prop trading firm, has terminated its services as the Commodity Futures Trading Commission (CFTC) in the United States and the Ontario Securities Commission (OSC) in Canada have moved against the alleged scam of about $310 million. Simply visit this link and choose your evaluation plan according to your experience level. https://tmafx. This allegation implies that the company deceived customers to obtain their funds. A clone of My Forex Funds has emerged, exploiting the real firm's legal troubles with the Commodity Futures Trading Commission (CFTC). Increased leverage increases risk. The CFTC claims that My Forex Funds' prop trading operation brought in at least $310 million in fees. In this article, we’ll be comparing two prop firms, My Forex Funds and Topstep. Murtuza Kazmi and his companies, which operated as My Forex Funds, allege the CFTC made it seem as if the defendants were attempting to abscond with over $31 million in company assets when, in In 2003, the CFTC and the State of Oregon Department of Consumer and Business Services sued Orion International, Inc. , the operator of prop trading firm My Forex Funds (MFF), it was probably hoping for a decisive legal victory. District Court for the Southern District of Florida, charging five individuals and five companies with fraud, misappropriation, and registration violations in connection with a fraudulent foreign currency (forex) scheme. Gain access to up to $600K in funded simulations. ” Bust of a Major Prop Trading Firm. here are the details of the legal document and what goverment website are s Jan 19, 2024 · The CFTC has issued several customer protection Fraud Advisories and Articles, including Avoid Forex, Precious Metals, and Digital Asset Romance Scams, which warns users of online dating and social media platforms about an increase in scams that lure victims into sending their money to fraudulent websites that claim to trade foreign currency Sep 5, 2023 · CFTC fa causa a My Forex Funds per frode da 310 milioni di dollari La Commodity Futures Trading Commission (CFTC) ha avviato un'azione legale contro Murtuza Kazmi e le sue società, collettivamente noti come "My Forex Funds", accusandoli di frode nell'indurre i clienti a partecipare a transazioni di forex al dettaglio e di commodities a leva. MyForexFunds is the world’s leading Forex prop firm with over 30,000 live funded traders. As of August 29, 2023, MyForexFunds, operating under Traders Global Inc and led by forex industry figure Murtuza Kazmi, had its assets frozen and its books subjected to scrutiny by the CFTC. The company plans to provide the cTrader platform in the future, but the exact timing has not been specified yet. com. In the lawsuit, CFTC's Division of Enforcement claimed that t… CFTC Headquarters Three Lafayette Centre 1155 21st Street, NW Washington, DC 20581 202. Sep 15, 2023 · The Commodity Futures Trading Commission's (CFTC) lawsuit named New Jersey-incorporated Traders Global Group Inc. FOREX. The CFTC has witnessed a sharp rise in forex trading scams in recent years and wants to advise you on how to identify potential fraud. In a motion filed this week, the lawyers allege that the regulator knowingly misrepresented facts and its “staff acted in bad faith. Pham bravely shared her statement following the Sanctions Motion filed by My Forex Funds (MFF), expressing her deep disappointment with the blatant misrepresentations of facts made by CFTC staff members in court, but she was “not… Nov 1, 2023 · The legal representatives of My Forex Funds and its CEO, Murtaza Kazmi, have responded to all the allegations brought by the Commodity Futures Trading Commission (CFTC) and categorically denied them. "We didn't know it was a Jul 12, 2024 · Back in September 2023, when the Commodity Futures Trading Commission (CFTC) filed a complaint against Traders Global Group Inc. ¿Qué ocurrió con My Forex Funds el 11 de septiembre? My Forex Funds cerró sus operaciones el 11 de septiembre. Useful services of My Forex Funds: Blog. , the operator of prop trading firm My Forex Funds . They’ve filed a complaint against Murtuza Kazmi and his companies, which include “My Forex Funds. Commodity Futures Trading Commission Charges Against My Forex Funds. Jul 3, 2024 · The CFTC Division of Enforcement investigates and prosecutes alleged violations of the Commodity Exchange Act and Commission regulations. “I am seriously concerned about the Commission’s rush to the wrong side of history because we are failing to put in the bare Mar 9, 2024 · At the end of August last year, the CFTC first brought fraud accusations against My Forex Funds and its CEO. Pham has issued a statement calling for immediate action to address alleged misconduct by CFTC staff in an ongoing enforcement case against Traders Global Group Inc. Kazmi and his counsel. The Commodity Futures Trading Commission (CFTC), a regulatory body, has lodged a legal complaint against Murtuza Kazmi and his associated entities collectively known as “My Forex Funds”. 39,813 likes · 11 talking about this. A clone of My Forex Funds has appeared, using the name and branding of the now-shuttered prop trading brand. The decision in the SEC's case against Debt Box might also impact another case: the CFTC's actions against My Forex Funds. The clone, falsely claiming to be registered in the Cayman Islands, has gained 28. 4 Million for Futures, Forex, Options Scheme, 8882-24 : 03/19/2024 🥷 Become a profitable trader: https://join. The alleged deception, which resulted in significant financial losses for numerous retail investors, serves as a stark reminder of the critical importance of Jul 10, 2024 · Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. CFTC Commissioner Caroline D. According to the CFTC, My Forex Funds generated at least $310 million in fees from its prop trading business. The CFTC has also obtained a restraining order and frozen the companies' assets. Jul 4, 2024 · CFTC Commissioner Caroline D. The CFTC slapped fraud charges on My Forex Funds last August and shuttered the prop trading business down. and Canada-based Traders Global Group Inc. and Canadian regulatory bodies. Forex funds invest in currencies from around the world, which can help reduce the risk of investing in a single currency. Registration and examination of intermediaries is conducted on behalf of the CFTC by the National Futures Association (NFA) under the supervision of the CFTC. According to the 41-page motion filled in the US court yesterday (Tuesday), “the CFTC has no likelih… Sep 6, 2023 · CFTC ฟ้องร้อง "My Forex Funds" ข้อหาฉ้อโกง จากการได้รับเงินมากกว่า 300 ล้าน$ จากลูกค้าที่หวังจะเป็นเทรดเดอร์มืออาชีพ Prop Firm Details My Forex Funds The Funded Trader; Year Founded: 2020: 2021: Offices Location: Canada: Miami, Florida, USA: Maximum Balance: $2,000,000: $1,500,000 Sep 21, 2023 · The company shared with Finance Magnates the first detailed public comment, stating that the allegations are "grossly inaccurate". The court has ordered the release and return of most of the assets belonging to Founder and CEO Murtuza Kazmi, valued at approximately $100 million. Prop Firms General Details. Sep 5, 2023 · The CFTC? Don’t prop firms exist in that gray area just outside the CFTC’s reach? Not anymore, apparently. May 11, 2024 · The court's decision comes in the wake of a lawsuit filed by the Commodity Futures Trading Commission (CFTC) alleging fraud by My Forex Funds. The Commodity Exchange Act requires certain firms and individuals to be registered with the CFTC. 5 Ways start at 02:205 Ways Prop Firms are Adjusting to MFF #myfo Sep 1, 2023 · ) Release Number 8771-23 CFTC Charges "My Forex Funds" with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders Court Issues Restraining Order Instituting Asset Freeze September 01, 2023 Washington, D. The Commodity Futures Trading Commission (Commission or CFTC) publishes the Commitments of Traders (COT) reports to help the public understand market dynamics. Let’s look at all details. , and its principals in U. , a New Jersey corporation, d/b/a “My Forex Funds”, Traders Global Group Inc. Practice trading risk-free with $50,000 in virtual funds and live prices on 80+ FX pairs using our demo platform. ” Excel in FX with MyFundedFX, the best evaluation services firm. "This is a very small activity for us, less than 1 percent," an anonymous senior executive from Deel told Israeli media Calcalist. Dec 6, 2023 · From financemagnates. § 13a-1(a), and in accordance with Rule 65 of the Federal Rules of Civil However, the entire prop trading operation of My Forex Funds turned out to be an alleged scam, according to the charges raised by the Commodity Futures Trading Commission (CFTC). My Forex Funds lawyers couldn't believe their eyes. If you are looking for an alternative to My Forex Funds, FunderPro is currently rank as the number one on the list of top Forex Prop Firms. Yes, there are many sites offering similar services to My Forex Funds. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios. The New Jersey Court's Decision. , a Canadian business organization, all doing business as “My Forex Funds. Last August, the CFTC sued the two entities operating the My Forex Funds brand and their CEO, Murtaza Kazmi, alleging fraud. ” Mar 15, 2024 · At the core of the allegations lies the accusation that the CFTC misrepresented tax payments while pursuing fraud charges against My Forex Funds and Kazmi in August 2023. Just my opinio Welcome to FXGears. Mar 29, 2024 · After the Securities and Exchange Commission (SEC) was sanctioned earlier this month, with orders to pay the legal costs of DEBT Box, the Commodity Futures Trading Commission (CFTC) is now defending itself against one such motion brought by My Forex Funds, calling it “an apparent attempt to strongarm a more… Remember me. The Commodity Futures Trading Commission (CFTC) made headlines last month after initiating legal proceedings against Murtuza Kazmi and his affiliated entities, collectively operating under the name "My Forex Funds. Jan 1, 2015 · Many of these foreign entities are acting in a capacity that requires them to be registered with the CFTC. CFTC Headquarters Three Lafayette Centre 1155 21st Street, NW Washington, DC 20581 202. Jul 12, 2024 · Back in September 2023, when the Commodity Futures Trading Commission (CFTC) filed a complaint against Traders Global Group Inc. Nov 17, 2023 · Let’s recall that, on August 28, 2023, the Commodity Futures Trading Commission filed a Complaint for Injunctive Relief, Civil Monetary Penalties, and Other Equitable Relief against Traders Global Group Inc. And in this case, we’re talking about a staggering amount—over $300 million. This was a stunner. On September 1st they came into our little prop trading community guns blazing. Read More. Los usuarios habían reportado problemas para retirar sus ganancias, y la CFTC acusó a la empresa de prácticas irregulares. , which operate as My Forex Funds, and its CEO, Murtuza Kazmi. My Forex Funds clients trade using MetaTrader 4 and MetaTrader 5 terminals. Creating a My Forex Funds account is straightforward. The decision of the Commodity Futures Trading Commission (CFTC) to charge My Forex Funds with fraudulently taking over $300 million from customers hoping to become professional traders has prompted much debate about the future direction of prop trading. Sep 27, 2023 · As My Forex Funds's regulatory quagmire continues, new details of its legal line of defence emerge. Learn more: https://lnkd. District Court for the District of New Jersey received the legal complaint alleging fraudulent activities in solicitation for leveraged forex The CFTC charged “My Forex Funds” with fraudulently taking over $300M from customers hoping to become professional traders. The CFTC filed a formal complaint charging the company with fraudulent solicitation. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. The court ordered the release and return of most of the assets belonging to the Founder and CEO, Murtuza Kazmi, valued at approximately $100 million. com, a trading forum run by professional traders. 418. comMyForexFunds has been accused of fraud and being a ponzi scheme. Start your trading journey with us today! Feb 6, 2024 · CFTC Charges My Forex Funds with Fraud Of $300 Million. “I am seriously concerned about the Commission’s rush to the wrong side of history because we are failing to put in the bare Sep 3, 2023 · The Commodity Futures Trading Commission (CFTC), a regulatory body, has lodged a legal complaint against Murtuza Kazmi and his associated entities collectively known as “My Forex Funds”. Your dealer makes money when you trade more frequently, lose money, or pay fees, spreads, or commissions. In this first table, we compare the year where each prop firm was founded, where their offices are located, and how much balance you can get to trade after scaling (when applicable). — The Commodity Futures Trading Commission today announced it has filed a civil enforcement action in the U. com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). S. It is not the place to put any money that you cannot afford to lose, such as retirement funds, as you can lose most or all it very quickly. Over 135,000 users have enrolled on the platform since November 2021. — The Commodity Futures Trading Commission today announced it filed a complaint in the U. The New Jersey court, tonight (Tuesday), partially granted My Forex Fund's request in the lawsuit filed by the CFTC against the company. One of the main benefits is the ability to diversify your portfolio. The court ordered the unfreezing of approximately $100 million of the company's assets, a decision that marks a turning point in the ongoing legal battle with the US Commodity Futures Trading Commission (CFTC). , both operating as My Forex Funds, along with the CEO, Murtuza Kazmi. , a Canadian business organization, and Murtuza Kazmi Prop Firm Details FTMO My Forex Funds; Year Founded: 2015: 2020: Offices Location: Prague, Czech Republic: Canada: Maximum Balance: $2,000,000: $2,000,000: Keep First Jul 6, 2024 · My Forex Funds Seeks Sanctions against the CFTC. 81,7(' 67$7(6 ',675,&7 &2857 )25 7+( ',675,&7 2) 1(: -(56(< &rpprglw\ )xwxuhv 7udglqj &rpplvvlrq 3odlqwlii y 7udghuv *oredo *urxs ,qf d 1hz Nov 12, 2023 · Let me introduce the new sheriff in town – the Commodity Futures Trading Commission (CFTC). &rdquo Sep 29, 2023 · My Forex Funds Engages in Legal Battle. Washington, DC - The US Commodity Futures Trading Commission (CFTC) filed a civil enforcement action charging Defendants Melody Nganthuy Phan (Phan) of California and her companies, My Forex Planet, Inc. So we’ll continue to discuss the complaint against MFF and try to figure out what effects the charges will have on the prop trading industry as a whole, if any. 1K Instagram followers, likely Nov 16, 2023 · In a recent court ruling in New Jersey, My Forex Funds (MFF), a prominent player in the proprietary trading industry, achieved a significant legal victory. Misleading Promises Prop Firm Details Apex Trader Funding My Forex Funds; Year Founded: 2021: 2020: Offices Location: Austin, Texas, USA: Canada: Maximum Balance: $300,000: $2,000,000 We would like to show you a description here but the site won’t allow us. The CFTC also alleges Traders Global Sep 1, 2023 · Breaking News - My Forex Funds, a Canadian Prop Firm have had their Assets Frozen, check out the news here and my opinion on the future of prop trading firm Jul 3, 2024 · In a motion submitted to court, My Forex Funds’ lawyers sought sanctions against the regulator for alleged misrepresentation of facts. This decision followed the submission of "first impression evidence" by the Commodity Futures Trading Commission against My Forex Funds, indicating deceptive practices within the company, Finance Magnates reported. The lawyers representing the now defunct funded accounts provider claim that the Commodity Futures Trading Commission (CFTC) has “recklessly mischaracterized transfers to and from Defendants’ bank accounts before the SRO [statutory restraining order] was entered. com/ste-waitlist-vslThe CFTC has stepped in and has released an announcement. Crypto Market. ” Sep 2, 2023 · Washington, D. Nov 7, 2023 · Charging defendants, doing business as “My Forex Funds,” with fraudulently soliciting at least $310 million in fees from more than 135,000 customers to trade leveraged, margined, or financed retail forex, and leveraged retail commodity transactions. My Forex Funds is one of the biggest prop trading firms in the world, with more than 135,000 traders signing up at one time or another. My Forex Funds shut down by CFTC. , a New Jersey corporation and Traders Global Group Inc. Do a Check. The CFTC's claim that My Forex Funds generated over $310 million in fees from its proprietary trading business resulted in a statutory restraining order freezing their assets. Sep 9, 2023 · Does CFTC vs My Forex Funds have implications for futures trading prop firms? Is it possible that funding evaluation programs like TopStep, Apex, LeeLoo and Sep 2, 2023 · The CFTC filed a formal complaint against My Forex Funds, accusing the company of fraudulent solicitation. Quraishi has signed an order granting in part and denying in part the CFTC’s motion. Oct 12, 2023 · CFTC Charges “My Forex Funds” with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders, 8771-23 : 08/29/2023: Federal Court Orders Texas Trading Advisor and Owner to Pay $100,000 Penalty for Registration Violations, 8770-23 : 08/29/2023 Mar 23, 2024 · My Forex Funds goes against CFTC as industry fears ‘ex parte’ abuse by regulators Traders Global Group Inc. These include FunderPro, The Trading Pit, The Funded Trader and many more. Se estima que la empresa perdió más de $200 millones de fondos de clientes, convirtiéndose en una de las estafas más grandes en la historia del trading de divisas. Jan 9, 2024 · The website My Forex Funds said it wanted to find profitable, successful foreign-exchange traders and split profits with them in long-term partnerships. 5000 Jun 22, 2023 · The complaint alleges that Zhu and Justby fraudulently misappropriated over $1. Create a forex demo trading account here. If you have information about a violation of the Commodity Exchange Act or Commission regulations, you can report such violations or any other suspicious activities to our Division of Enforcement by submitting either a whistleblower Form TCR or a Complaint Form. Prop Firm Details My Forex Funds My Funded Futures; Year Founded: 2020: 2022: Offices Location: Canada: Texas, USA: Maximum Balance: $2,000,000: $150,000: Keep First Nov 10, 2023 · My Forex Funds UPDATES: Court Hearing Could Determine the Future of Prop Firm Regulation The MFF's version of order includes: the request to deny the preliminary injunction, dissolve of the statutory restraining order, return back all assets including (cash, passwords and nonpublic documents) no later than five business days and return back the Mar 8, 2024 · The CFTC also improperly sought to intrude on the attorney-client privilege between Mr. 3 million in customer funds intended for digital asset commodity and forex trading. Rapid: Ideal for beginners who are just stepping into the Forex market with some beginner knowledge. Shockingly, the amount involved in this case surpasses $300 million, making it a substantial fraud scheme. My Forex Funds funds traders with account balances that go from $2,000 up to $300,000. If a foreign entity is registered with the CFTC, then it is subject to CFTC regulation and oversight. Visit the NFA BASIC database to check: Registration; Disciplinary or My Forex Funds' lawyers couldn't believe their eyes. None of the information provided by the company or contained here is intended as investment advice, an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund. ¿Dónde está registrada My Forex Funds? My Forex Funds estaba registrada en Saint Vincent y las Jan 5, 2024 · My Forex Funds servers are disabled on weekends; so you can trade, including cryptocurrencies, only on weekdays. These accounts can be scaled up to $2,000,000 as you keep having good results trading. District Court for the District of New Jersey against Murtuza Kazmi, formerly of Phillipsburg, New Jersey, and his companies, Traders Global Group Inc. Full Disclosures and Risk Warning. Get expert guidance and support to kickstart your trading Nov 10, 2023 · Let’s recall that, on August 28, 2023, the Commodity Futures Trading Commission filed a Complaint for Injunctive Relief, Civil Monetary Penalties, and Other Equitable Relief against Traders Global Group Inc. The forex market is volatile and carries substantial risks. gov. Sep 25, 2023 · On August 29, 2023, the CFTC filed a civil enforcement action in federal district court against My Forex Funds and Murtuza Kazmi. Sep 4, 2023 · The CFTC's pursuit of justice in the case against “My Forex Funds” and Murtuza Kazmi conveys a clear message to the financial industry: fraudulent practices will not be tolerated. and Canada-based Traders Global Group Oct 19, 2023 · The abrupt closure of My Forex Funds, a significant player in the world of proprietary trading, continues to send shockwaves throughout the industry. The Motion was granted Jan 31, 2024 · My Forex Funds allegedly took in more than $310 million in fees and had more than 135,000 customers since its inception in 2021. , the firm behind the proprietary trading firm brand My Forex Funds (MFF) which was recently sued by the CFTC for an alleged $310 million fraud , has filed a motion for sanctions against the CFTC, accusing the regulatory body of a Sep 21, 2023 · The Commodity Futures Trading Commission's (CFTC) lawsuit named two entities, New Jersey-incorporated Traders Global Group Inc. Bybit Poland offers zero fees with BLIK on One-Click Buy and Fiat Deposits Sep 1, 2023 · The Commodity Futures Trading Commission (CFTC) has initiated legal proceedings against Murtuza Kazmi of Phillipsburg, New Jersey, and his entities, known collectively as “My Forex Funds. District Court for the District of Oregon for fraudulently soliciting over $40 million to participate in a purported forex fund. ” Jul 4, 2024 · CFTC Commissioner Caroline D. The CFTC takes enforcement actions against individuals and firms registered with the Commission, those who are engaged in commodity futures and option trading on designated domestic exchanges, and those who improperly market futures and options contracts. 1K Instagram followers, likely Nov 15, 2023 · The legal battle between My Forex Funds (MFF) and the US Commodity Futures Trading Commission (CFTC) continues to unfold in a New Jersey court. May 29, 2024 · CFTC Is Also Fighting against Sanctions. Two out of three forex customers lose money. ” The U. in/gdbY4-ui Prop Trader First, let’s clear the fog surrounding the allegations against My Forex Funds. Mar 29, 2024 · After the Securities and Exchange Commission (SEC) was sanctioned earlier this month, with orders to pay the legal costs of DEBT Box, the Commodity Futures Trading Commission (CFTC) is now defending itself against one such motion brought by My Forex Funds, calling it “an apparent attempt to strongarm a more favorable settlement. Some of that money ended up in the private accounts of CEO Murtuza Kazmi, who spent it on luxury cars and mansions, as one does. Jan 28, 2022 · Washington, D. In light of the recent developments surrounding the allegations against “My Forex Funds,” it’s crucial to emphasize that the information presented ahead is based on the facts available up to this point. However, $12… Sep 1, 2023 · From cftc. En el día de ayer (03/09/2023), conocimos a fondo la demanda realizada por la CFTC (Comisión de Futuros de Productos Básicos de Estados Unidos) a My Forex Funds (empresa de cuentas de fondeo de trading). Sep 27, 2023 · From financemagnates. (Wal Capital), and Nov 14, 2023 · The New Jersey court, tonight (Tuesday), partially granted My Forex Fund's request in the lawsuit filed by the CFTC against the company. Traders Global Group lawsuit, which alleges that My Forex Funds (MFF) practiced fraud. That’s a fancy term for lying to customers to get their money. Pham has finally come forward regarding the CFTC v. ” The CFTC accuses them of some shady work, like soliciting customers for leveraged retail forex and commodity transactions. A minute detail in a recent court filing by the Commodity Futures Trading Commission (CFTC) led them to allege that the regulator was aware of its mischaracterization of the payments in the initial allegations against the prop trading firm and its CEO, Murtaza Kazmi. The main accusation is that they have unlawfully taken more than $300 million from individuals who aspired to become professional traders. ” Sep 1, 2023 · The Commodity Futures Trading Commission today announced it filed a complaint in the U. CFTC Commissioner Calls for Action on Alleged Misconduct in En la madrugada del día 1 de septiembre, los usuarios y traders de la compañía de fondeo My Forex Funds se han visto afectados por una noticia muy importante, relacionado con la regulación de la empresa y como es lógico, con sus cuentas de fondeo. La CFTC ha presentato una denuncia presso il Mar 12, 2024 · I was hoping we’d be talking a little less CFTC this week, but it is clear that the prop trading world is still pretty rattled by what happened to My Forex Funds. " The allegations centre May 29, 2024 · CFTC Is Also Fighting against Sanctions. , a New Jersey corporation and Traders Global Group Inc. CFTC Orders Australian Swap Dealer to Pay $500,000 for Supervision Failures, 8886-24 : 03/26/2024: CFTC Charges KuCoin with Operating Illegal Digital Asset Derivatives Exchange , 8884-24 : 03/21/2024: Federal Court Orders Florida Forex Trader to Pay $3. Forex trading involves significant risk of loss and is not suitable for all investors. Forex funds offer several benefits to investors. Sep 1, 2023 · My Forex Funds Clone Targets Traders While the Prop Trading Firm Battles CFTC at Court. Specifically, the COT reports provide a breakdown of each Tuesday’s open interest for futures and options on futures markets in which 20 or more traders hold positions equal to or My Forex Funds My Forex Funds My Forex Funds True Forex Funds; Program Name: Rapid Accelerated Conventional Accelerated Emphatic N/A; Profit Target: 10%: 20%: Max Daily Loss: Max Daily Drawdown: 5%: Max Loss: 12%: 5%: 10%: Max Drawdown: Minimum Trading Days: 3/week: Maximum Trading Days: Profit Split: 12%: 50%: 50% My Forex Funds. . C. The lawyers representing the now suspended company claim that the Commodity Futures Trading Commission (CFTC) has “recklessly mischaracterized transfers to and from Defendants’ bank accounts before the SRO [statutory restraining order] was entered. Log in Sep 13, 2023 · San Francisco-headquartered Deel made over 40,000 transactions to transfer a hefty amount to My Forex Funds. Depending on the product that you choose, you may get immediate funding , which applies to the Rapid and Accelerated products, or need to pass a 2-phase evaluation process Jun 29, 2023 · Benefits of Forex Funds. Sep 12, 2023 · Deel is 💀dead for #propfirms payment processing - accelerating #5 on my list in this video. May 28, 2024 · En abril de 2023, My Forex Funds cesó abruptamente sus operaciones, dejando a cientos de traders varados sin acceso a sus fondos. The New Jersey court made a partial ruling in favor of My Forex Funds, ordering the release and return of most of Murtuza Kazmi's assets, valued at around $100 million. ” Sep 13, 2023 · San Francisco-headquartered Deel made over 40,000 transactions to transfer a hefty amount to My Forex Funds. My Forex Funds Clone Targets Traders While the Prop Trading Firm Battles CFTC at Court. The worries for the prop trading firms started at the end of August as the Commodity Futures Trading Commission (CFTC) in the US brought a lawsuit against My Forex Funds, which has generated $310 million in income in the last three years. (MFP), Wal Capital, S. , a Canadian business organization, all doing business as “My Forex Funds. A. What Happened To My Forex Funds? The trading world was recently shaken when MyForexFunds shut down due to significant legal charges from U. Most OTC forex customers lose money when all credits, financing charges, fees, and other expenses are factored in. As My Forex Funds's regulatory quagmire continues, new details of its legal line of defence emerge. Apr 10, 2022 · En este video respondo las preguntas mas frecuentes sobre my forex funds 🔥🔥🔥ESTE VIDEO NO ES UNA RECOMENDACIÓN DE INVERSIÓN, EL VIDEO TIENE CARÁCTER INFO All content published and distributed by MFF WEALTH GROUP LTD and its affiliates is intended to be treated as general information only. According to the 40-page court document, Murtuza Kazmi and his two companies, New Jersey-incorporated Traders Global Group Inc. District Court for the District of New Jersey against Murtuza Kazmi, formerly of Phillipsburg, New Jersey, and his companies, Traders Global Group Inc.
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