The prop firm at the center of the industry's biggest regulatory fight has changed hands. On September 28, 2026, Finance Magnates reported that Traders Global Group, the company behind MyForexFunds (MFF), had sold the MyForexFunds brand to Dubai-based Global Solutions. The deal had quietly closed on August 1. The buyer took the name. It did not take the old company's debts.
What happened
According to Finance Magnates and a press release distributed the same day under the name Global Solutions Operations FZE, the purchase covers:
- the MyForexFunds and MFF trademarks, logos and brand elements
- the myforexfunds.com domain and associated websites
- the brand's official social media accounts
Global Solutions is run by CEO Haider Raza, who Finance Magnates says was part of MFF's original staff and served as its operations director. The report describes the firm as a new entrant in prop trading that runs no other brands. The price was not disclosed, and there is no date yet for when services under the MyForexFunds name might resume.
The key detail is what the buyer did not take on. Global Solutions has said it has not assumed any liabilities or obligations of Traders Global, which Finance Magnates notes are mostly pending payouts to traders. Under a service agreement, Traders Global will keep handling those payouts, using Global Solutions to process them. Traders Global CEO Murtuza Kazmi said: "Over the past several months, Traders Global has issued discretionary rewards to traders under the Evaluation program, and we have engaged Global Solutions to complete this process throughout all programs and cater to all remaining accounts on our behalf." According to the report, Kazmi holds no stake in Global Solutions and has no role in running it.
How we got here
The CFTC sued MFF in August 2023 and brought fraud charges against Kazmi and Traders Global. According to the CFTC's allegations as reported by Finance Magnates, the firm served more than 135,000 customers and collected at least $310 million in fees. In May 2025 the case was dismissed. Finance Magnates reports that a special master found the regulator had taken "deliberate steps down a path of obfuscation and avoidance." The court then sanctioned the CFTC.
The firm's recovery played out through 2026. On February 3, 2026, MFF announced that traders with valid, verified payout requests from August 2023 would be eligible to get their money. The same release said an Ontario court order in December had returned "the vast majority" of MFF's assets. It also said the company was "not yet able to commit on a definitive distribution process." Kazmi has said MFF paid out more than $290 million to traders before the shutdown.
Why prop traders should care
This goes well beyond one firm's rebrand. In prop trading, the brand is often the most valuable thing a firm owns. Traders buy challenges because they trust a name, and that trust is built on Discord, YouTube and Trustpilot. Now a name with half a decade of recognition can move to a new operator while the old liabilities stay behind with the previous owner.
That split is legal and common in corporate deals. But it matters to retail customers. A trader who sees the MFF logo come back could reasonably assume they are dealing with the same company. Legally, they would be dealing with a different one.
The controversy: vindication or rebrand?
MFF's supporters see a clear story. The regulator lost badly, the court sanctioned it, the assets came back and the firm says it is paying traders. On this view, selling the brand to a former operations director is a practical way to restart a business that was wrongly shut down.
Skeptics will focus on other points. The dismissal was about the CFTC's conduct in the case. Finance Magnates has noted elsewhere that the ruling did not decide whether the underlying prop model was lawful. Payouts are being described as "discretionary rewards," not contractual obligations. And the entity taking over the brand has explicitly left the liabilities behind.
Our take
Our take: The MFF case was a disaster for the CFTC. Traders who were owed money in 2023 spent years in limbo because of how the case was run. That is a real harm. But a courtroom win is not a promise about how a new company will operate. When the MFF name returns, traders should treat it as a new firm with a famous logo, not as the old firm with a clean record. The uncomfortable question: if a well-known brand can be sold without its liabilities, what does "trusting the brand" actually get a prop trader?
What traders can do
- If you had a verified August 2023 payout request, follow official MFF channels. Get written confirmation of which entity is paying you.
- If the brand relaunches, read the terms and see which legal entity you are contracting with, and in which jurisdiction.
- Treat any relaunched firm like a new one: small first purchase, check the payout history, don't overcommit.
Key takeaways
- MyForexFunds' brand assets were sold to Dubai-based Global Solutions. The deal closed August 1, 2026 and was reported September 28, 2026.
- The buyer took trademarks, domain and social accounts, not Traders Global's liabilities.
- Traders Global says it is still paying "discretionary rewards" and will use Global Solutions to finish that process.
- The CFTC's 2023 case was dismissed in 2025 over the agency's conduct. That did not settle whether the prop model is lawful.
- No relaunch date has been announced.
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FAQ
Who bought MyForexFunds?
According to Finance Magnates, the MyForexFunds brand assets were bought by Dubai-based Global Solutions, led by CEO Haider Raza, a former MFF operations director. The deal closed on August 1, 2026.
Does the new owner have to pay old MFF traders?
According to the reporting, Global Solutions did not assume Traders Global's liabilities. Traders Global says it will keep handling payouts and will use Global Solutions to process them under a service agreement.
Is MyForexFunds open again?
As of the September 28, 2026 report, it was unclear when services under the MyForexFunds brand would resume. No relaunch date had been announced.
Loomi.Ai provides educational market research, not financial advice. Trading futures and options involves substantial risk of loss, and backtested results are historical and do not guarantee future returns.
Sources
- Breaking: MyForexFunds' Brand Assets Sold to Dubai-based Firm, Finance Magnates
- Global Solutions Operations FZE Acquires the MyForexFunds Brand from Traders Global Group Inc., Swace News (press release)
- MyForexFunds to honour outstanding 2023 payouts following legal vindication, asset return, PR Newswire
- Hola Prime Brings In Deloitte to Audit Payouts as Trust Gap Widens Across Prop Firms (special master quote on CFTC), Finance Magnates