MyForexFunds has rolled out fresh figures on its long-running trader compensation programme, telling the prop trading community that 90% of the First Rollout has now been completed. The firm also unveiled a dedicated submission form for traders who missed the initial communication round, signalling that the controversial saga around its delayed reward payments is finally entering its closing chapters.
First Rollout Nears Completion as 10% of Cases Remain in Review
According to MyForexFunds, the bulk of First Rollout participants have already been paid and fully settled. The outstanding 10% of cases are still being worked through by its internal team, with KYC verification requirements and unresolved account-level issues cited as the main blockers. The firm said remaining rewards will be released as soon as those checks are cleared.
For traders still waiting on settlement, the message is essentially one of patience — the firm has reiterated that legitimate cases will be processed, but on a slower timeline tied to the verification queue rather than the original rollout schedule.
New Submission Form Targets Traders Who Missed the Initial Wave
In a notable operational shift, MyForexFunds has introduced a dedicated review form for two specific groups: traders who believe they were overlooked in the First Rollout, and those whose email inboxes failed to receive any reward communication. Full inboxes, spam filters, and outdated email addresses are all common reasons traders have reported missing reward messages over the past few months.
Submission guidelines published by the firm are deliberately lean. Applicants need to provide only the name and email tied to their MyForexFunds account, with the option to attach the original reward email to speed up verification. The firm has also issued a clear warning: unsupported or false claims could slow down processing for legitimate applicants. Successful submissions will receive payment details and a secure KYC verification link via email.
Second Rollout Will Carry Heavier Due Diligence
MyForexFunds has positioned the First Rollout as the simpler phase of the process. The next leg — referred to as the Second Rollout — will reportedly involve additional due diligence and case-by-case reviews, suggesting tougher verification standards for any traders not already cleared in the first wave.
The firm acknowledged frustration on social media over delays, but stuck to the line that completing background checks and resolving outstanding cases has to come before moving to phase two. For most affected traders, that means accepting a slower, more granular path to settlement rather than a single mass payout window.
What This Means for the Broader Prop Industry
The MyForexFunds saga has been one of the most closely watched stories in prop trading history. After being shut down by US and Canadian regulators in 2023, its eventual reappearance and the reward distribution programme stand as a stress test for how the wider sector handles legacy obligations to retail traders.
For traders, the 90% completion figure is a tangible data point in an industry where prop firms have historically been opaque about payout reliability and settlement timelines. The fact that a firm with such a turbulent history is publishing rollout milestones — even imperfect ones — sets a precedent that may pressure competitors to disclose their own payout statistics more openly.
For competitors, the staggered rollout — combined with the firm’s tightening KYC standards — reflects a broader trend across the prop space. Compliance, identity verification, and structured payout processes are quickly replacing the loose, lightly documented payout systems of the early prop boom. Whether MyForexFunds completes its Second Rollout cleanly will affect how seriously traders approach due diligence when comparing major operators going forward.
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Source: ForexPropReviews
