MyForexFunds to Launch Evolution Program on November 23
The new proprietary trading program features a status-based system and scaling opportunities for traders.
Updated on Oct. 21, 2026 in Investing
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MyForexFunds will launch its new Evolution trading program on November 23, 2026. The platform offers one-phase and two-phase trading challenges with the ability to scale accounts up to $1 million.
Why it matters
The rollout follows a legal transition where the MyForexFunds brand was acquired by Dubai-based Global Solutions. This shift comes after a federal judge dismissed previous fraud charges brought by the CFTC against the brand's former owner, Traders Global Group Inc.
The Evolution program establishes a 2% drawdown threshold for demoting accounts from Partner to Intern status. Traders can scale their accounts up to a maximum limit of $1 million.
The players
MyForexFunds
This is a proprietary trading brand that offers simulated trading accounts to participants.
Global Solutions
This Dubai-based firm is the current owner of the MyForexFunds brand and assets.
Traders Global Group Inc.
This company previously owned the MyForexFunds brand before selling it to Global Solutions.
The details
The program utilizes a simulated trading environment distinct from proprietary companies that execute trades in real markets. Participants who reach Intern status can regain their Partner designation by restoring their account to a breakeven point.
Timeline
August 2023: The CFTC filed fraud charges against Traders Global Group Inc.
October 21, 2026: MyForexFunds announced the Evolution trading program.
November 23, 2026: The Evolution program is scheduled to launch.
Market Dynamics
The proprietary trading sector is navigating a period of increased regulatory scrutiny and legal consolidation following the 2023 CFTC fraud charges against Traders Global Group Inc. This program launch signals a structural pivot by the new owners to redefine operations under the MyForexFunds brand.
Traders utilizing the new program must manage account drawdowns carefully to avoid demotion from the Partner status, which carries specific rules. Participants should note that the new operator, Global Solutions, does not hold the liabilities of the previous owner.
The takeaway
The transition to the Evolution program introduces a gamified status system that requires active risk management to maintain account benefits. Traders should evaluate the program's specific drawdown rules against their individual risk tolerance before participating in the new challenges.
What happens next
The Evolution program is officially scheduled to begin operations on November 23, 2026.
Further reading
For broader trends in the prop trading market, visit the Investing section.
Source note: This article includes information reported by Finance Magnates.
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