✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company Is MyForexFunds a safe company or an unreliable company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about MyForexFunds and we will tell you why we came to such a conclusion:

Basic Information

🌐 Websitemyforexfunds.com
🏠 CompanyTraders Global Group Incorporated
RegulatoryNot regulated
📧 Email[email protected]
📈 PlataformMyForexFunds
📌 Address5580 Explorer Dr, Mississauga, ON L4W 4Y1, Canada
🕑 Website ageWebsite registered on: July 15, 2020
Company typeTrading funding company

Company: MyForexFunds is operated by Traders Global Group Incorporated.

Location: MyForexFunds Evaluation Global sro is a company located in Canada.

What is MyForexFunds?

After having carried out an analysis of the company's website, we can say that MyForexFunds is a trading funding company, a firm that provides traders with capital to operate in the Forex market, allowing them not to risk their own money.

Account types

The platform does not offer different accounts to carry out operations.

Information on the web

MyForexFunds website

Here we show you a screenshot of the MyForexFunds website, which is myforexfunds.com. The capture was made in MARCH 2024.

Contact: phone numbers and email

– We have not found phone numbers.

– We have found the following email: [email protected]

Regulation of MyForexFunds

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!

MyForexFunds Final Valuation

After reviewing the details of MyForexFunds, a trading funding company, it is important to approach its reliability in a neutral and objective manner. Even though the company has been operating since July 2020 and is located in Canada, it is crucial to note that it is not regulated.

Regulation plays a critical role in investor protection and transparency in the financial industry. The lack of regulation may raise questions about the security and reliability of MyForexFunds. Although its location and time on the market may suggest some credibility, the absence of official regulatory oversight is a factor for investors to consider.

It is essential that investors carefully evaluate the risks associated with an unregulated company before making financial decisions. While considering MyForexFunds as an option, you should investigate alternatives that have strong regulatory support to ensure the protection of your funds and financial interests.

In short, although MyForexFunds may have some reputation due to its time in the market, the lack of regulation raises questions about its reliability. Investors should proceed with caution and conduct thorough due diligence before committing to this company or any other company that is not regulated.

Updates

News about MyForexFunds:

Date Update – news
-No news at the moment

User Reviews

[democracy id = ”5395 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with MyForexFunds.

At the end of the review you will find customer comments.


How to Claim Money Scammed by MyForexFunds

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report MyForexFunds

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to MyForexFunds?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report MyForexFunds?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is MyForexFunds reliable?

Since MyForexFunds is not regulated, there is some uncertainty as to its reliability. Regulation is a fundamental component for transparency and investor protection in the financial industry. The lack of regulation can raise questions about the security and fairness of operations carried out through the MyForexFunds platform. While the company may have a long history in the industry, the lack of official regulatory oversight may be cause for caution for investors. It is essential that investors carefully assess the risks and consider alternatives that have strong regulatory support to protect their financial interests.

How to recover money from MyForexFunds?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

6 comments on «MyForexFunds: OPINION AND COMMENTS – IS IT A SCAM?»

  1. Carlos Reply

    Is there a good anchor page for you? It is my question…

  2. Matteo Reply

    Myforexfunds is a fraudulent company, the CNMV has already made it known, be very careful

    • Recommended-brokers.com Reply

      Hi Matteo, thanks for commenting on MyForexFunds. Currently she is considered a SCAM. The CNMV (The Financial Regulator of SPAIN) has put an alert on them, for not having the regulation to carry out their activity (See CNMV link).

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  3. ANONIMO Reply

    The platform does not work well, I do not recommend that you invest with them.

    • Recommended-brokers.com Reply

      Hello ANONYMOUS, thanks for writing about MyForexFunds. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY

      Greetings.

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