MyForexFunds has outlined Evolution, a new prop trading program that offers one-phase and two-phase challenges and separates its simulated trading environment from a proprietary trading company.
London's trading industry is coming home
Funded accounts start in Partner status, which has no daily drawdown rule, and move to Intern status at 2% drawdown. Traders can request rewards on demand, earn a 10% profit-split bonus above a 5% profit buffer, and scale accounts up to $1 million.
The program launches on November 23, 2026.
The simulated environment provides the technology and tools traders use to take part. A separate proprietary trading company uses eligible trading data to execute trades in the real market.
MyForexFunds describes the structure as a “no-conflict” model, and CEO Haider Raza and Board Advisor Josh Dentrinos presented it in a preview video.
“Our goal isn’t to chase trends or reinvent ourselves for the sake of it. It’s to take everything we’ve learned and use it to build something stronger for the future,” Raza said.
From Shutdown to Rebrand
MyForexFunds stopped operating after the US Commodity Futures Trading Commission (CFTC) filed fraud charges at the end of August 2023 against Traders Global Group Inc., the company behind the brand, and its CEO, Murtuza Kazmi. The agency also obtained a restraining order and froze the companies’ assets.
The CFTC alleged that Traders Global acted as the counterparty to substantially all customer trades, rather than as a liquidity provider. In its first public comment to Finance Magnates, the company said the lawsuit gave a “grossly inaccurate and incomplete picture of the facts.”
Read Finance Magnates' exclusive interview with Murtuza Kazmi after the CFTC was ordered to drop the case against MyForexFunds.
A federal judge later dismissed the complaint with prejudice. Finance Magnates reported that the court stated the agency had misled it during the enforcement action.
Finance Magnates also reported that Traders Global sold the brand’s assets to Dubai-based Global Solutions, which is headed by Raza, a member of the original MyForexFunds staff who served as operations director. The sale covered the MyForexFunds and MFF trademarks, logos, the myforexfunds.com domain and the official social media accounts.
Global Solutions said it did not assume Traders Global’s liabilities, which are mostly pending trader payouts. Traders Global continues to handle those payouts under a service agreement.
- Breaking: MyForexFunds’ Brand Assets Sold to Dubai-based Firm
- “I Had to Beg, Borrow Funds from Family and Friends,” My Forex Funds Founder Murtuza Kazmi
- My Forex Funds Outlines 2025–2026 Roadmap as Prop Firm Signals Return
What the Evolution Challenge Involves
Under the model, a funded account’s trading data is used for proprietary trade execution while it holds Partner status. At the 2% drawdown threshold, the account moves to Intern status and its data is no longer used. Traders can regain Partner status by bringing the account back to breakeven.
The proposed features include:
Removal of the daily drawdown rule for Partner accounts.
Reward requests on demand, with no minimum trading-day requirement, subject to program rules.
A 10% profit-split bonus on eligible withdrawals above a 5% profit buffer.
An additional profit-split benefit for traders with VIP status.
Traders are also expected to be able to use accumulated points toward account upgrades, additional drawdown of up to 100% and scaling opportunities, subject to eligibility requirements. MyForexFunds said further details on availability will follow as the launch date approaches.
