Global Broker Regulation Inquiry App

WikiFX

Broker Search

English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

Download

WikiFX Express

In South Africa, a new driver's license will be released, with ambitions to utilise 'the blockchain’

WikiFX Review: Why does this broker catch so many investors’ attention recently?

WikiFX

| 2022-05-19

Abstract：Recently My Forex Funds(MFF) has become a trending topic in forex markets. But is MFF trustworthy? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.

What WikiFX is

WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry.

WikiFX is able to evaluate the safety and reliability of more than 34,000 global forex brokers.

WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en)

About My Forex Funds(MFF)

Founded in July of 2020, MFF claimed itself to be one of the leading forex Prop trading firms. With over 300 staff worldwide and 2000+customers per day from around the globe, My Forex Funds has cemented itself as a market leader. However, it has not given its registered office to the public so far. According to its website, MFF is currently working on expanding its business into similar niches to offer Funded trading accounts to more people. MFF strives to provide programs, services, and information that assists clients interested in the Forex or commodities markets to become more profitable, self-sustainable, and efficient when trading.

Programs/Accounts

To enhance investors' trading results, MFF offers clients three different programs. They are the Rapid program, Evaluation program, and Accelerated program.

(source: MFF website)

Non-MT4/MT5 Platform

As we know, the MT4 is currently the most popular forex trading platform along with the MT5 on the market. With a user-friendly interface, powerful charting tools, and a large number of custom indicators, MT4 and MT5 are available for automated trading and EA trading, helping traders of all levels to develop different trading strategies and help traders to get ahead in the financial markets. According to WikiFX, this broker doesn't use either MT4 or MT5 platforms as its trading platform.

Is My Forex Funds legit？

No, My Forex Funds is not regulated by any regulatory agency, it doesn't hold a legitimate license. Therefore, your money is risky under their management. WikiFX has given MFF a very low rating of 1.1/10. please be aware of the potential risks.

(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)

Market Instruments

This broker offers a series of popular trading assets including Forex, Cryptocurrencies, Indices, and Metals.

Leverage

Different programs have different leverage ratios. For the Rapid program, the leverage is up to 1:500. For the Evaluation program, the leverage is up to1:100, For the Accelerated program, the leverage is up to 1:50.

Restricted Area

Please note that My Forex Funds does not directly solicit customers from Canada.

Feedback on Twitter

To figure out whether MFF is a scammer or not, we made a survey about MFF on Twitter.

Reviews on Twitter:

My Forex Funds has more than one official account on Twitter, the most popular one is registered in January 2022. As of May 19th, 2022, It has 283 followers.
One trader depicted that it is risky to invest in MFF. He warned that many traders will suffer a heavy loss when investing in MFF.

More Feedback from Traders

We also found the traders' feedback on Forexpeacearmy(FPA). The majority of traders on FPA had negative thoughts about this broker.

(source: Forexpeacearmy)

Trader complained that the customer support team of this broker is very poor. Eventually, he/she lost both time and money.

(source: Forexpeacearmy)

This broker praises MFF and he/she had no issues with MFF.

(source: Forexpeacearmy)

This trader asked MFF directly if MFF is a regulated broker, and MFF replied: “we don't need to be”

Exposure on WikiFX

As of May 19, 2022. WikiFX doesn‘t receive complaints from traders. However, it doesn’t mean MFF is a trustworthy broker.

Conclusion

Please be aware that My Forex Funds maybe get involved in a scam since it is not regulated. Due to the controversial feedback from traders, we advise you to find a better alternative and do more research before you make a decision. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.

Click on My Forex Funds' WikiFX page for details

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Leverage Broker Forex trading Forex Broker

In South Africa, a new driver's license will be released, with ambitions to utilise 'the blockchain’

Related broker

No Regulation

My Forex Funds

https://myforexfunds.com

1.47

Score

2-5 yearsSuspicious Regulatory LicenseSuspicious biz areaHigh potential risk

1.47

Score

BROKSTOCK Exposed: Traders Report Login Errors, Withdrawal Issues & Incompetent Customer Support

Is your BROKSTOCK trading account full of inefficiencies? Do the recurrent BROKSTOCK login errors prevent you from opening and shorting positions at a favorable price? Has the broker failed to honor your withdrawal requests? Do you face order execution price issues? Has the customer support service failed to resolve your queries? You are not alone! In this BROKSTOCK review article, we have shared some complaints that need a close introspection. Read on to explore them.

Original 47m

OmegaPro Review: Traders Flood Comment Sections with Withdrawal Denials & Scam Complaints

Has your deposit and withdrawal scenario worsened after the initial good experience at OmegaPro, a UK-based forex broker? Does the broker ask you to invest when withdrawing your funds? Did the broker officials trap you with their false promises of compound interest on your deposit? Have you found it impossible to transfer funds from your OmegaPro login to another broker’s account? Do you witness a lack of support when dealing with these unfortunate trading circumstances? These are no longer isolated complaints — they have allegedly become the reason for OmegaPro’s tarnished trust and reputation within the trading community. Read on as we share the OmegaPro review in this article.

Original 3h

Inzo Broker Review 2025: A Complete Look at Features, Costs and User Claims

Inzo Broker presents itself as a modern forex and CFD broker, started in 2021 and registered in Saint Vincent and the Grenadines. At first glance, it offers an attractive package for traders: access to the popular MetaTrader 5 (MT5) and cTrader platforms, different types of accounts for various budget levels, and a wide selection of assets to trade. These features are made to attract both new and experienced traders. However, a closer look shows a big difference between these advertised benefits and the real risks. The broker works under an offshore regulatory system, which gives limited protection to investors. More importantly, Inzo has collected many serious user complaints, especially about withdrawing funds and changing trading conditions unfairly. This mix of weak oversight and serious user claims creates a high-risk situation that potential clients must carefully think about. This review will break down these parts to give a clear, fact-based view.

Original 3h