Prop trading firm My Forex Funds (MFF) has confirmed that it has regained control over its Canadian assets following recent court proceedings, according to a public statement shared by the company. The development comes more than a year after authorities moved to freeze assets linked to the firm as part of broader regulatory actions.
In a statement posted on X, MFF said the recovery of its Canadian assets represents a key legal step forward and forms part of an ongoing restructuring process. The company added that discussions around a potential relaunch are ongoing, though no specific timeline or operational details have been confirmed.
Regulators took action against My Forex Funds in 2023. The measures led to the suspension of the firm’s trading operations. Authorities also froze assets across multiple jurisdictions. At the time, the case drew significant attention within the prop trading industry due to MFF’s scale and global user base.
The latest court decision applies only to assets held in Canada. It does not indicate a full resumption of business activities. Any relaunch would depend on further legal outcomes, regulatory approvals and operational preparations.
Market participants continue to follow the situation closely. The case remains relevant as regulators increase scrutiny of prop trading firms worldwide. Recent enforcement actions have highlighted concerns around compliance frameworks, governance standards and the structure of simulated trading models.
Industry observers note that the MFF case may influence how regulators approach similar firms in the future. For prop traders, the outcome serves as a reminder of the regulatory risks that can affect platform availability and account access.
My Forex Funds has not provided additional updates beyond its latest statement. Further developments will depend on the progress of ongoing legal and regulatory processes.
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