<![CDATA[myforexfunds shutdown legacy, are there lessons for current prop traders]]>CFTC shutdown of myforexfunds in 2023 was a huge moment for the prop firm industry. they had ~135k accounts, were paying out for a while, then froze everything overnight.

3 years later i still see traders in some forums claiming to have lost 5 figures in pending payouts they never received. the legal cases are still grinding through.

for those of us trading with current prop firms, what's the actual lesson? the obvious one ('dont keep big balances at prop firms') is taken. but anything deeper about how to evaluate prop firm risk in 2026?

]]>https://forum.forexroasted.com/topic/219/myforexfunds-shutdown-legacy-are-there-lessons-for-current-prop-tradersRSS for NodeSat, 06 Jun 2026 00:39:09 GMTSat, 20 Dec 2025 13:42:00 GMT60<![CDATA[Reply to myforexfunds shutdown legacy, are there lessons for current prop traders on Tue, 23 Dec 2025 11:15:00 GMT]]>withdraw fast. trust nothing. always.

]]>https://forum.forexroasted.com/post/561https://forum.forexroasted.com/post/561Tue, 23 Dec 2025 11:15:00 GMT<![CDATA[Reply to myforexfunds shutdown legacy, are there lessons for current prop traders on Mon, 22 Dec 2025 14:48:00 GMT]]>MFF was traumatic for so many people 😔 i lost trust in the whole concept for about 18 months and only recently started using props again with strict rules: small payouts often, dont scale up after a great month, treat it like a side gig not a career

]]>https://forum.forexroasted.com/post/560https://forum.forexroasted.com/post/560Mon, 22 Dec 2025 14:48:00 GMT<![CDATA[Reply to myforexfunds shutdown legacy, are there lessons for current prop traders on Mon, 22 Dec 2025 10:22:00 GMT]]>prop firm is just a fancy word for 'trading challenge with extra steps'. they exist because retail trades small. when retail trades larger they wont need props. dont overthink it.

]]>https://forum.forexroasted.com/post/559https://forum.forexroasted.com/post/559Mon, 22 Dec 2025 10:22:00 GMT<![CDATA[Reply to myforexfunds shutdown legacy, are there lessons for current prop traders on Sun, 21 Dec 2025 15:55:00 GMT]]>i had $4.2k pending payout at mff when they shut. small relative to my main income but still painful. since then i request payouts immediately at minimum thresholds, never let more than a single payout cycle accumulate. small cost in efficiency, big sleep benefit.

]]>https://forum.forexroasted.com/post/558https://forum.forexroasted.com/post/558Sun, 21 Dec 2025 15:55:00 GMT<![CDATA[Reply to myforexfunds shutdown legacy, are there lessons for current prop traders on Wed, 03 Jun 2026 00:34:26 GMT]]>they're safe enough for what they're for: capital you cant afford to lose anyway. use them to test strategies and supplement income, dont treat them as your retirement fund. the math: a $200k prop account with 80% split = like trading a $40k own account, in terms of your share of payout, but with cap protection on the downside. that's a fair trade as long as the firm pays.

]]>https://forum.forexroasted.com/post/557https://forum.forexroasted.com/post/557Wed, 03 Jun 2026 00:34:26 GMT<![CDATA[Reply to myforexfunds shutdown legacy, are there lessons for current prop traders on Sun, 21 Dec 2025 09:30:00 GMT]]>so are prop firms still safe to use at all? or should i just trade my own money even if its smaller?

]]>https://forum.forexroasted.com/post/556https://forum.forexroasted.com/post/556Sun, 21 Dec 2025 09:30:00 GMT<![CDATA[Reply to myforexfunds shutdown legacy, are there lessons for current prop traders on Sat, 20 Dec 2025 17:42:00 GMT]]>100%. the MFF disaster taught everyone that 'big' doesnt equal safe. they were the biggest prop firm at the time. regulatory clarity matters more than apparent scale. ask: who is the actual entity holding my profits? what jurisdiction? what protections exist?

]]>https://forum.forexroasted.com/post/555https://forum.forexroasted.com/post/555Sat, 20 Dec 2025 17:42:00 GMT<![CDATA[Reply to myforexfunds shutdown legacy, are there lessons for current prop traders on Sat, 20 Dec 2025 15:18:00 GMT]]>the actual lesson for me wasnt 'dont use prop firms', it was 'dont rely on prop firm income as primary'. treat any prop firm payout as a bonus on top of personal capital trading. the moment your livelihood depends on prop continued operation, you're vulnerable to their counterparty risk.

]]>https://forum.forexroasted.com/post/554https://forum.forexroasted.com/post/554Sat, 20 Dec 2025 15:18:00 GMT