MY FOREX FUNDS PROPRIETARY FIRM
MYFOREXFUND popularly known as MFF was founded in July 2020 and is a fast-growing prop firm with over 180,000+ traders across the globe across 150+ countries.
This post is designed to give you all the necessary information you need to know about Myforexfunds, how to get funded, the profit split, trading rules, faq’s, scaling plan, etc.
Everything You Need to Know About MyForexFunds
My Forex Funds, (MFF), as often called, is one of the newcomers in the prop industry who have remarkably ascended quickly up the ladder to compete with the household names in the prop market. Established in 2020, MFF provides traders across all countries with an equal platform and trading opportunity.
My Forex Funds Program
My Forex Funds offer traders three program package to choose from, they are:
- Rapid
- Evaluation
- Accelerated
MFF Rapid Program
The My Forex Funds Rapid account program is designed to compensate traders for their efforts while evaluating the trader as they gain experience using a trial account. The accounts range in size from $10,000 to $100,000. Bonuses are given out either biweekly or monthly.
Below is a breakdown of My forex funds Rapid account sizes
$10,000
- You get paid 12% of the profits you earn in your account
- Minimum Trading Days -3 times per week
- Daily Starting Drawdown $500
- Overall Drawdown $1,200
- Available Leverage 1:500
- Refundable Registration Fee$99
- No Monthly Fee
$20,000
- You get paid 12% of the profits you earn in your account
- Minimum Trading Days -3 times per week
- Daily starting drawdown $1000
- Overall Drawdown$2,400
- Available Leverage 1:500
- Refundable Registration Fee $189
- No Monthly Fee
$50,000
- You get paid 12% of the profits you earn in your account
- Minimum Trading Days -3 times per week
- Daily starting drawdown $2,500
- Overall Drawdown $6,000
- Available Leverage 1:500
- Refundable Registration Fee $399
- No Monthly Fee
$100,000
- You get paid 12% of the profits you earn in your account
- Minimum Trading Days -3 times per week
- Daily starting drawdown $5,000
- Overall Drawdown $12,000
- Available Leverage 1:500
- Refundable Registration Fee $749
- No Monthly Fee
MFF Rapid Program Trading Rules
- 5% Daily Drawdown
Within a 24-hour period beginning at 0:00 server time, you must not have a drawdown of more than 5% of your account equity or balance. - 12% Overall Drawdown: Your account must not go down by 12% (realized/unrealized) to balance or equity.
- Being Consistent: MFF operates under a strict consistency guideline of a minimum of 3. trading days per week
MyForexFunds Evaluation Package
MyForexFunds evaluation is a two-step process where a potential funded trader can prove their Forex, CFD or commodity trading skills.
READ: Prop Firm Evaluation Explained – Meaning, Advantages, and Disadvantages
MyForexFunds Evaluation Package Rules & Conditions.
The trading terms and conditions of the Evaluation package is summarizes in the table below:
| $10,000 | $20,000 | 50,000 | 100,000 | |
| Minimum Trading Days | 3 times per week | 3 times per week | 3 times per week | 3 times per week |
| Daily Drawdown | $500 | $1,000 | $2,500 | $5,000 |
| Overall Drawdown | $1,200 | $2,40 | $6,000 | $12,000 |
| Available Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| Refundable Registration Fee | $99
|
$189
|
$399 |
$749
|
| Monthly Fees | No Monthly Fees | No Monthly Fees | No Monthly Fees | No Monthly Fees |
READ: Prop Firms that Allow Copytrading
There are 6 things to take away:
1. 5% Daily Drawdown
You must not exceed the 5% drawdown based on your balance or equity within a 24 hour period starting at 5pm EST.
2. 12% Overall Drawdown
You must not exceed the 5% drawdown based on your balance or equity or your trading account will e terminated.
3. 8% Profit Target in Phase 1
You need to reach the profit Target of 8% without breaching any of the other rules within a 30-day period. Your time starts when you open your first Trade on your forex trading Account.
4. 5% Target Phase 2
If you successfully complete phase 1, you will need to start on phase 2 where you are required to reach a profit target of 5% without a breach of any of the other rules within a 60-day period. Your time starts when you open your first trade on your forex trading account.
5. 5 Trading day Minimum
You must trade a minimum of 5 trading days to pass the prop firm evaluation. This shows your ability to be patient.
6. No Trading restrictions
Trade your forex prop firm account your way, your size, your time. My Forex Fund do not limit the way you trade, you’re only implored to maintain consistency and focus on risk management.
My Forex Funds Accelerated Program
With the help of the My Forex Funds Accelerated program, traders can start trading on a real account right away. Profitable full-time traders who want to increase their capital right away should enroll in this program.
Skip the evaluation and begin the accelerated program straight immediately to give you immediate earning benefits.
Below are the accelerated account sizes and their pricing:
- The $5,000 account costs $49
- The $10,000 account costs $84
- The $20,000 account costs $139
- The $50,000 account costs $299
- The $100,000 account costs $499
- The $200,000 account costs $979
READ: Prop Firms that Offer Instant Funding
My Forex Fund Profit Split
When you receive your Live account; you will receive 75% of your profits on your first month. On the 2nd month, you will receive 80% of your profits. Every month after, you will receive 85% of your profits.
READ: Prop Firms with High Payout
My Forex Fund Withdrawal Target:
To be eligible for payout, My Forex Funds requires trader to make at least 8% profit on their account while the withdrawal is on a bi-weekly basis.
My Forex Fund Scaling plan
You can increase your account size by reaching the profit target. The profit Target for conventional is 10%, your account will scale by 2X or 1.5x depending on which phase you are on.
My Forex Funds Review
My Forex Funds is a legitimate Prop Firm and one of the best in the industry. Here’s a review to backup the claim.
READ: MFF REVIEW: An unbiased evaluation of the prop firm
READ: MFF REVIEW: An unbiased evaluation of the prop firm
My Forex Funds FAQs
- What is my forex fund?
My Forex Funds is a funding program that offers to Trade, Earn bonuses and share Profit with disciplined sand responsible Traders.
- Why join My Forex Funds?
My Forex Funds programs enables traders to trade without risking their own capital. Traders are rewarded for the profits they make on simulated accounts while fine tuning their skills in the process.
- Which countries are not allowed to join the MFF?
MFF accept and allow all Traders from around the world to open an account and Trade with them.
- What payment method does MFF accept?
MFF accepts payments for account creation and withdrawal by credit/debit card and cryptocurrency. Also payment via coinbase is accepted.
- MyForexFund Free Trial
Unfortunately, My Forex Funds does not have a free Trial or demo for now.
MyForexFund Support
email: support ;@myforexfunds.com
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