MyForexFunds Makes Major Legal Progress Toward a Comeback

Last week, MyForexFunds (MFF), the proprietary trading firm that shut down operations in August 2023, announced a significant legal milestone in its long-awaited return. The Ontario Superior Court approved a Canadian Asset Handover Order, enabling the company to begin regaining control of the bulk of its assets, data, and internal systems that had been under court receivership.

Phase Three: Asset Recovery Complete

This development marks Phase Three of MFF's roadmap toward a potential relaunch — following a major U.S. legal victory earlier in 2025, when a federal judge dismissed the Commodity Futures Trading Commission's (CFTC) fraud lawsuit against MFF and sanctioned the regulator.

According to the firm's announcement on social media, the asset handover order clears the path for them to reclaim and consolidate crucial business resources that were previously frozen or held by the receiver in Canada.

"Phase Three is officially complete. The Ontario Superior Court has approved the Canadian Asset Handover Order. We are in the process of regaining full control over our assets, data, and systems. The phase of reassembling the MyForexFunds team can now begin."

— MyForexFunds Official Statement

What's Next for MyForexFunds?

With this order in hand, MFF plans to:

1. Team Reassembly

Bring its team back together — hiring or reinstating key personnel to support operations.

2. Data Analysis & Review

Conduct a comprehensive analysis and operational review of recovered data before publicly outlining next steps.

3. Community Engagement

Move toward reopening support channels and communicating more transparently with the trading community as milestones are achieved.

The Road to Recovery

While no firm relaunch date has been set, the company's roadmap suggests a gradual return to activity as internal reviews and organizational rebuilding progress. The completion of the asset handover is a crucial step in that journey.

Timeline Recap:

• ✓August 2023: MFF shuts down operations
• ✓Early 2025: Federal judge dismisses CFTC fraud lawsuit
• ✓December 2025: Canadian Asset Handover Order approved
• ✓Next: Team rebuilding and operational review

Impact on the Prop Trading Industry

For the global prop trading community, this signals renewed momentum and the possibility that one of the industry's most discussed firms could re-emerge after more than two years of legal challenges and operational suspension.

MyForexFunds was one of the largest prop firms before its closure, and its potential return could have significant implications for traders who were affected by the shutdown.

What Traders Should Know

• ✓No timeline confirmed: MFF has not announced a specific relaunch date
• ✓Legal progress: Major victories against CFTC and Canadian asset recovery
• ✓Phased approach: The company is taking a methodical, step-by-step return
• ✓Stay informed: Follow official MFF channels for updates

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This story is developing. We'll continue to monitor MyForexFunds' progress and update traders as new information becomes available.

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