My Forex Funds Leaderboard: What Happened and Why Traders Are Choosing PropFunding in 2026

My Forex Funds (MFF) was one of the largest proprietary trading firms in the world before it was shut down overnight in August 2023. Traders who relied on the platform, its leaderboard, and its funded accounts were locked out without warning. The CFTC filed fraud charges against MFF and its CEO, Murtuza Kazmi, freezing all company assets and leaving over 135,000 customers in limbo.

Two and a half years later, the legal situation has shifted. A U.S. federal court dismissed the case with prejudice, and the CFTC was sanctioned for misrepresenting facts during litigation. While MFF has signaled a possible comeback, most traders have already moved on. The question now is not whether MFF will return. The question is where serious traders can find a prop firm with a real leaderboard, transparent rules, and a model that puts performance first.

We built PropFunding to answer that question.

What Was the My Forex Funds Leaderboard

The My Forex Funds leaderboard ranked traders based on their performance across funded accounts. It served as both a competitive benchmark and a trust signal. Traders could see who was performing well, compare strategies, and gauge their own progress against thousands of other participants.

For many retail forex traders, the MFF leaderboard was the first time they had access to any kind of transparent performance ranking in the prop trading space. It gave funded traders public visibility and created a sense of accountability that other firms did not offer at the time.

When the firm was shut down, the leaderboard disappeared along with everything else. Traders lost access to their accounts, their performance data, and any payouts that were in progress. The leaderboard that once motivated thousands of traders became a reminder of how quickly things can fall apart when a firm operates without proper transparency.

Why the My Forex Funds Shutdown Shook the Industry

The CFTC alleged that My Forex Funds collected over $310 million in fees from traders while operating as the counterparty in nearly all customer trades. The regulator claimed the firm was not routing orders to third-party liquidity providers as advertised. Instead, MFF allegedly profited when traders lost, which created a direct conflict of interest.

The complaint also described practices such as hidden commissions, artificial trade delays, manipulated price slippage, and account terminations based on fabricated rule violations. All of these practices, if true, would mean the leaderboard itself was operating in a compromised environment. A ranking system loses its meaning when the trading conditions behind it are not fair.

The case took an unexpected turn when a Special Master found that the CFTC had acted in bad faith, withheld evidence, and made false statements to the court. The case was dismissed, and the court imposed sanctions against the regulator. MFF has since been working to regain control of its assets and data, with its Canadian court proceedings winding down as of early 2026.

Regardless of how the legal story ends, the damage to trader trust was real. Funded traders who depended on MFF for income and competition were left without a platform and without answers for over two years.

What Traders Want from a Prop Firm Leaderboard

The collapse of MFF revealed a gap in the prop trading industry. Traders do not just want a funded account. They want a firm that treats performance as currency and provides a transparent system for measuring it.

A good leaderboard does more than display names and profit numbers. It should reflect verified trading data from real funded accounts. It should update regularly so traders can track progress in near real-time. And it should exist within a trading environment where the rules are clear, the conditions are fair, and the firm is not betting against its own traders.

After MFF, traders became far more cautious about which firms they trust. Leaderboard transparency moved from a nice-to-have feature to a requirement. Traders now look for firms that publish challenge results, show funded trader rankings, and make performance data accessible without gating it behind logins or paywalls.

How We Built a Better Leaderboard Model

We took a different approach from the start. PropFunding operates on a pass-first, pay-later model. Traders enter the challenge for free and only pay an activation fee after they have passed the evaluation. This removes the upfront financial barrier that makes most prop firms profitable from failed challenges rather than successful traders.

Our leaderboard ranks active challenge participants and funded traders based on equity growth, consistency, and adherence to risk parameters. It is updated on a monthly cohort basis, and only the top 10% of traders in a given cohort are funded. This means the leaderboard is not just a vanity metric. It directly determines who gets access to a funded account.

This structure creates a competitive environment where performance is the only thing that matters. There is no way to buy your way to the top, and there is no advantage to paying more or choosing a larger account size. The leaderboard is the gatekeeper, and every trader starts from the same position.

Transparency That Goes Beyond Rankings

We publish our leaderboard at propfunding.com/leaderboard and make challenge statistics available at propfunding.com/stats. This level of openness is rare in the prop trading space, where most firms treat performance data as proprietary information.

Our stats page shows aggregate data on pass rates, average equity curves, and cohort performance. For traders evaluating whether PropFunding is worth their time, this data provides far more insight than marketing claims or cherry-picked testimonials.

A Data-Powered Model

Behind the leaderboard sits our data engine. We collect anonymized trading data from all participants and use it to build smarter trading systems. This means the leaderboard serves a dual purpose. It ranks traders for funding decisions, and it feeds a data monetization model that supports our revenue without relying on failed challenge fees.

This is a structural difference from the way My Forex Funds and most other prop firms generate revenue. When a firm makes most of its money from traders who fail, the incentives are misaligned. Our model generates value from trading data itself, which means the firm benefits when more traders participate and trade actively, regardless of whether they pass or fail.

PropFunding vs My Forex Funds: Key Differences

The comparison between PropFunding and My Forex Funds is not about which firm is larger or older. It is about how the business model affects the trading experience and the integrity of the leaderboard.

My Forex Funds charged upfront fees for challenges, and its revenue was heavily tied to the volume of failed evaluations. PropFunding charges nothing upfront. The activation fee is only collected after a trader passes the challenge, which means we do not profit from failure.

MFF acted as the counterparty in nearly all trades, creating a structural conflict of interest. PropFunding operates in a simulated trading environment with clear rules published in our documentation. We do not position ourselves on the opposite side of our traders.

The MFF leaderboard was a closed system with no independent verification. Our leaderboard and stats are publicly accessible, and the cohort-based funding model ties leaderboard performance directly to funding outcomes.

Account Sizes and Challenge Structure

We currently offer account sizes of $10K and $25K with both one-step and two-step evaluation paths. The one-step plan requires a $1,000 profit target on a $10K account with a $400 daily loss limit and $600 maximum loss. The two-step plan splits the evaluation into two phases with distinct profit targets. Full details are covered in our challenge rules guide.

Traders on the one-step plan get unlimited time to reach their target, with a minimum of 5 trading days required during the challenge phase. Leverage is set at 1:30 across all account types. After passing and paying the activation fee of $125 for the $10K account, funded traders keep up to 80% of their profits with payouts processed every 14 days after a 30-day initial hold period. Learn more about how prop firm profit splits work and what affects the percentage you keep.

Understanding how drawdown limits work is essential before entering any evaluation. Our challenge uses clear loss thresholds that protect both the trader and the firm.

Why Former MFF Traders Are Choosing PropFunding

The traders who were most affected by the My Forex Funds shutdown were not casual participants. They were funded traders who had passed evaluations, built track records, and were earning regular payouts. These traders need a firm that respects their skill and provides a platform where performance leads to opportunity.

PropFunding appeals to this group for several reasons. The free entry model means there is no risk in trying the platform. The leaderboard creates the same competitive environment that made MFF popular, but with a more transparent structure. And the cohort-based funding model ensures that only proven performers receive funded accounts, which raises the overall quality of the trading community. Learn how to get a prop firm-funded account and start trading with firm-backed capital.

For traders who valued the MFF leaderboard as a way to benchmark their skills, our leaderboard offers a direct replacement. It is public, the rules are documented, and the funding process is tied to actual performance rather than payment history.

Community and Copy Trading Access

We also provide access to anonymized trading data from top performers through our Community Copy Access feature. This gives newer traders the ability to study successful strategies without relying on unverified signals or paid mentorship programs.

Our Arena Mode adds another layer to the platform, allowing traders to participate in trading-related games and earn $PROP tokens that can be redeemed for funded accounts. This creates an additional pathway to funding for traders who want to prove their skills in a different format.

How to Get Started on the PropFunding Leaderboard

Getting onto the PropFunding leaderboard starts with entering a free challenge. There are no fees required at signup. Traders choose between a one-step or two-step evaluation, select their account size, and begin trading on the MT5 platform.

During the challenge, performance is tracked and ranked against other traders in the same monthly cohort. The top performers who meet all trading objectives and finish within the top 10% of the cohort are offered funded accounts. At that point, the activation fee is charged, and the trader begins the simulated live trading stage with access to payouts.

The process is straightforward, and our documentation covers the rules, objectives, and payout structure in full detail. Traders who want to evaluate the platform before committing can review the public leaderboard and stats pages to see real performance data from previous cohorts.

The Future of Prop Trading Leaderboards

The My Forex Funds story changed how traders evaluate prop firms. Leaderboards are no longer optional features. They are indicators of a firm's transparency, trader alignment, and operational integrity.

We built PropFunding to address the exact problems that brought MFF down: no upfront fees, no counterparty conflict, no hidden conditions. The leaderboard is the centerpiece of our model and serves as both a ranking system and a funding mechanism.

For traders searching for the next My Forex Funds leaderboard, this is it. We reward performance, protect traders from the fee-first structures that dominate the industry, and provide the kind of data transparency that MFF never offered.

Enter a free challenge and see where you rank.