Industry News

MyForexFunds Brand Acquired by Global Solutions Operations FZE

MyForexFunds Brand Acquired by Global Solutions Operations FZE

The MyForexFunds brand has been acquired by Global Solutions Operations FZE following an acquisition agreement with Traders Global Group Inc. Global Solutions now owns the brand assets, while Traders Global remains responsible for the ongoing discretionary rewards program.

What Happened

The acquisition includes the MyForexFunds and MFF trademarks, logos and brand assets, as well as the myforexfunds.com domain, associated websites, and official social media accounts.

What Happens to the Discretionary Rewards Program

Traders Global remains solely responsible for the discretionary rewards program covering traders whose accounts were affected in August 2023.

Global Solutions has been engaged under a services agreement to administer the remaining phases of the program on Traders Global’s behalf. The program remains Traders Global’s program, and all determinations will continue to be made at Traders Global’s discretion.

Impact on Traders With Pending Submissions

Traders with pending submissions or questions relating to the discretionary rewards program should continue using the existing submission and communication channels.

Global Solutions will now administer those channels on behalf of Traders Global.

What Comes Next

Global Solutions said it is in discussions with members of the original MyForexFunds operations team about potentially joining the company.

The company also said an important update regarding the MyForexFunds brand is expected in the coming weeks and will be shared through official MyForexFunds channels.

Global Solutions is not currently offering any products or services under the MyForexFunds brand.

Why This Matters

The acquisition changes ownership of the MyForexFunds brand, while Global Solutions is not currently offering any products or services under the brand. Global Solutions is administering the remaining phases of the discretionary rewards program on behalf of Traders Global.

Prop Firm Match Perspective

Prop Firm Match will continue monitoring official MyForexFunds communications for the upcoming brand update and further developments relating to the discretionary rewards program.

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