Platforms · Software · Providers · Markets
Simulation and execution sit apart
MyForexFunds plans to launch Evolution on November 23, 2026, offering one-phase and two-phase challenges. Funded accounts begin in Partner status, which carries no daily drawdown rule. An account moves to Intern status when it reaches 2% drawdown.
The programme divides the simulated environment, where traders access the technology and tools, from a proprietary trading company that uses eligible account data to trade in the real market. MyForexFunds calls this a "no-conflict" structure.
CEO Haider Raza and Board Advisor Josh Dentrinos introduced it in a preview video. Raza said: "Our goal isn't to chase trends or reinvent ourselves for the sake of it. It's to take everything we've learned and use it to build something stronger for the future,"
Drawdown governs data use
Trading data can inform proprietary execution while an account remains a Partner. Once the 2% threshold is reached, the data is no longer used; returning the account to breakeven restores Partner status. The announced reward and account features include:
- Partner accounts have no daily drawdown limit. Traders can request rewards on demand without a minimum trading-day requirement, subject to programme rules.
- Eligible withdrawals above a 5% profit buffer receive a 10% profit-split bonus. VIP status brings an additional profit-split benefit.
- Points may be applied to upgrades, extra drawdown of up to 100% and scaling opportunities, subject to eligibility. Accounts can scale up to $1 million.
The relaunch follows MyForexFunds' shutdown after the US Commodity Futures Trading Commission (CFTC) brought fraud charges at the end of August 2023 against Traders Global Group Inc. And its CEO, Murtuza Kazmi. The CFTC secured a restraining order and froze company assets. It alleged Traders Global took the other side of substantially all customer trades instead of acting as a liquidity provider. The court later threw out the complaint with prejudice and, as Finance Magnates reported, found that the CFTC had misled it during the enforcement action. Traders Global had called the lawsuit's account of events inaccurate and incomplete. The publication also reported that Traders Global sold the MyForexFunds and MFF trademarks, logos, myforexfunds.com and official social accounts to Dubai-based Global Solutions, headed by Raza, a former operations director at MyForexFunds. Global Solutions said it did not take on Traders Global's liabilities, mostly pending trader payouts; Traders Global remains responsible for those payouts under a service agreement.
Where this lands in the stack
For trading operations, the status transition determines when account data can feed the separate firm's market execution. The announcement does not detail how status changes will be exposed to platform operators or how simulated account records will map to execution records. Firms assessing the programme should ask what event data is available, and how the change back to Partner status at breakeven is recorded.
Reward requests, eligibility checks and point-based upgrades also create operational questions around account state and payout reporting. The announcement leaves the detailed availability of points-based benefits for closer to launch. Operators should establish which rules are enforced by the platform, which require manual review, and how changes appear in reporting before the November 23, 2026 launch.
Teams evaluating the setup can also ask how the simulated environment and the proprietary trading company exchange account status and eligible trading data, and which party handles records when an account crosses the drawdown threshold. Clear answers would help operations teams assess how to reconcile status changes with reward eligibility and payout requests. The source does not provide those implementation details.
