In this section we will tell you why You should NOT invest in MyForexFunds. We analyze the website, we observe every detail and we 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…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about MyForexFunds and tell you why we came to such a conclusion:
|🏠 Company||Traders Global Group Incorporated|
|️ Regulation||not regulated|
|📈 Platform||MetaTrader 4 (MT4) and MetaTrader 5 (MT5)|
⚠️ MyForexFunds is owned by Traders Global Group Incorporated, the company is located in Canada, dangerous for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Now we move on to analyze the types of account offered by MyForexFunds, in this case, we observe that it offers 3 different types of account:
|Account type||Minimum initial deposit|
Information on the web
MyForexFunds provides a basic explanation about the financial products it offers, an educational section, glossary, asset index, market news although in English, economic calendar also in English, live charts, not much more than this.
List of phone numbers
🚫 MyForexFunds Final Valuation 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH MyForexFunds.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
News about MyForexFunds:
|Date||Update – news|
|June 2022||So far no updates from the company.|
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
How to Report MyForexFunds
Frequently Asked Questions
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 a scam – is it scam?
Yes. We believe that MyForexFunds is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is MyForexFunds reliable?
No. MyForexFunds is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
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.
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.