MyForexFunds (MFF) has announced the completion of Phase Three of its recovery process following approval of the Canadian Asset Handover Order by the Ontario Superior Court. This legal ruling allows the firm to begin regaining control over its assets, internal data, and operational systems.
According to the firm, the decision concludes the Canadian receivership phase and enables MyForexFunds to move forward with internal rebuilding and review efforts.

What Happened?

The Ontario Superior Court’s approval of the Canadian Asset Handover Order formally confirms the completion of Phase Three in MyForexFunds’ recovery roadmap. As a result, MFF is now in the process of restoring access to:

• Company-held assets
• Internal data and historical records
• Core systems required for operational control

This approval removes a key legal restriction that had previously limited the firm’s ability to access and manage its own infrastructure.
For context, this step follows earlier legal and operational phases that have shaped MFF’s current status.
(We can link to a previous article from MFF: Prior MyForexFunds coverage)

What’s Affected?

While the court decision represents an important legal milestone, several areas remain in transition:

• Legal Status: The Canadian receivership process has formally concluded
• Firm Infrastructure: Restoration of internal systems and data access is underway
• Support & Operations: Internal teams and support channels remain in the rebuilding phase
• Trading Activity: No confirmation has been provided regarding live trading, evaluations, funded accounts, or payouts

At this stage, no trader-facing services have been officially reinstated.

Why This Matters

The court approval reduces legal uncertainty surrounding asset ownership and operational control. It also enables MyForexFunds to access historical system data and internal records, which is a prerequisite for any future operational or trader-related decisions.
However, this procedural step alone does not determine how previous trader accounts, balances, or trading activity may ultimately be handled.

Impact on Traders

At the time of writing, no immediate changes have been confirmed for traders.
Traders should not assume:

• Automatic reinstatement of accounts
• Resumption of evaluations
• Immediate access to funded trading or payouts

Any future outcomes will depend on multiple factors, including:

• The integrity and completeness of recovered data
• Internal operational and compliance reviews
• Formal announcements issued directly by MyForexFunds

For readers unfamiliar with how legal receivership processes typically affect proprietary trading firms, additional background may be helpful.

Prop Firm Match Perspective

This development represents a procedural and legal milestone, rather than a return to normal trading operations. Traders are advised to avoid speculation and rely exclusively on official communications released by MyForexFunds.
Prop Firm Match will continue monitoring the situation closely and will publish further updates as verified information becomes available.