Top 5 Best MyForexFunds Alternatives for Online Traders (2026 Guide)
MyForexFunds was one of the largest prop firms in the world before the CFTC abruptly shut it down in 2023. With its 2026 comeback still unproven, most former traders want a stable, proven firm with a real payout record. These are the 5 best MyForexFunds alternatives, all with verifiable track records.
Why are traders leaving MyForexFunds?
The MyForexFunds story is the cautionary tale of the prop-firm industry. Here is why traders moved on.
A sudden 2023 regulator shutdown
In August 2023 the CFTC abruptly shut MyForexFunds down, freezing accounts for a reported 60,000+ funded traders and alleging it ran largely as a simulated retail platform.
Client funds frozen for years
Roughly $310M in client funds were tied up, and pending payouts went unpaid through the multi-year legal battle, leaving funded traders in limbo.
A long, damaging legal saga
A US federal judge dismissed the CFTC case in May 2025 and sanctioned the regulator, but the multi-year disruption destroyed trader confidence and left no reliable platform to trade on.
An unproven 2026 comeback
MFF is attempting a 2026 relaunch and has pledged to honour verified 2023 payout requests, but its operational reliability is untested after the shutdown, so many traders prefer firms with an unbroken record.
MyForexFunds vs the best alternatives: 2026 at a glance
| Platform | Type | Cheapest entry | Platforms | Best for / status |
|---|---|---|---|---|
| MyForexFunds (leaving) | Forex/CFD prop | — | MT4/MT5 (historically) | Shut down 2023; 2026 comeback unproven |
| FTMO | Forex/CFD prop, 2015 | $10k from ~$89 (2-step) | MT4, MT5, cTrader | Most established; unbroken payouts |
| FXIFY | Forex/CFD prop, 2023 | 3-phase $5k from $39 | MT4, MT5, DXtrade, TradingView | Strategy freedom & platform choice |
| The 5ers | Forex/CFD prop, 2016 | $2.5k = $19 | MT5, cTrader | Static drawdown & 100% split path |
| FunderPro | Forex/CFD prop, 2023 | $5k = $69 (refundable) | MT5, cTrader, TradeLocker | Static drawdown + refundable entry |
| Goat Funded Trader | Forex/CFD prop, 2023 | Promo-driven | MT5, TradeLocker, Match-Trader, cTrader | Large scaling + up to 100% split |
The best MyForexFunds alternatives
FTMO
FTMO is the most established name in prop trading, with an 11-year payout record strengthened by its 2025 acquisition of OANDA. Its 2-step Challenge has no consistency rule, an 80-90% split and on-demand payouts.
Pros
- 11-year track record; $450M+ paid
- No consistency rule on the 2-step
- On-demand payouts across MT4/MT5/cTrader
Cons
- No genuine instant-funding product
- 1-step uses a stricter EOD trailing drawdown
FXIFY
FXIFY offers 1/2/3-phase, Instant and Lightning challenges with broad strategy freedom (EAs, grid, martingale, news allowed), transparent entry from $39 and scaling to $4M, backed by a broker with verifiable payouts.
Pros
- MT4, MT5, DXtrade and TradingView
- Strategy freedom and no time limit
- Transparent low entry (from $39)
Cons
- Not available to US residents
- Some payout-denial complaints (latency arbitrage)
The 5ers
The 5ers has quietly funded traders since 2016, with static drawdown across all its current CFD programs, a very low $19 entry and profit splits that scale to 100%.
Pros
- Static drawdown across programs
- Very low $19 entry
- Splits scale to 100%
Cons
- Complex multi-program lineup
- Broker/liquidity provider undisclosed
FunderPro
FunderPro offers 1-step, 2-step and Instant funding with a $69 entry credited back on your first payout, a clearly marketed no-trailing static drawdown and flexible payouts.
Pros
- Refundable $69 entry
- Static (no-trailing) drawdown
- Flexible on-demand/weekly payouts
Cons
- Jan 2026 Trustpilot Consumer Warning
- No MT4 support
Goat Funded Trader
Goat Funded Trader has grown to 250,000+ traders and $23M+ in payouts, with scaling to $2M, splits up to 100% and four platforms.
Pros
- Large scaling ceiling (up to $2M)
- Profit split up to 100%
- Multi-platform with flexible payouts
Cons
- No top-tier regulator (offshore)
- Rules and drawdown vary by model
Final verdict: the best MyForexFunds alternative in 2026
For most traders leaving MyForexFunds, FTMO is the safest landing spot: the longest payout record in the industry and no history of frozen funds. If you want a lower entry cost or more platform freedom, FXIFY and The 5ers are excellent, proven alternatives.
Whichever you choose, prioritise a firm with a verifiable payout record and clear, static rules — the qualities MFF lacked when it mattered.
Frequently asked questions
What happened to MyForexFunds?
The CFTC shut it down in August 2023, freezing accounts for a reported 60,000+ funded traders. A US judge dismissed the CFTC case in May 2025, and MFF is attempting a 2026 comeback, but the multi-year disruption left traders seeking stable alternatives.
Is MyForexFunds coming back in 2026?
MFF has announced a comeback and pledged to honour verified 2023 payout requests, but its operational reliability is unproven after the shutdown. Many traders prefer firms with an unbroken payout record.
What is the best MyForexFunds alternative?
FTMO is the most established, with a decade-long payout record. FXIFY, The 5ers, FunderPro and Goat Funded Trader are other strong, proven options.
Which alternative is cheapest?
The 5ers starts at $19 for a $2,500 account and FXIFY from $39 for a 3-phase $5k account, both well below typical challenge costs.
Do these alternatives accept US traders?
Most forex prop firms restrict US clients. FTMO and FXIFY have country restrictions, so confirm eligibility for your region before purchasing.