Due to regulations by Canadian and US Authorities, Myforexfunds, one of the biggest prop firms currently, is awaiting regulators to continue operation.
https://twitter.com/MyForexFundsTraders
Yesterday we learned that, without prior notice or discussion, a provincial securities regulator in Canada and the commodities regulator in the United States issued orders preventing us from trading securities or accessing funds in our bank accounts.
Until these freeze orders are lifted or modified, our business is effectively, and at least temporarily, frozen as well.
We will be reaching out to the regulators to discuss their concerns, and the first court date to determine whether the freeze orders should be lifted or modified is currently scheduled for September 11 in the US, with another hearing later that same week in Canada.
We hope to have this matter resolved as soon as possible and will update this message as events occur.
Just bringing you guys this update, as I was currently looking into MyForexFunds due to their 12% drawdown rule which is the best in the industry and they are trusted.
...
https://www.youtube.com/watch?v=LbLJpzED880