MY FOREXFUNDS – ALL YOU NEED TO KNOW ABOUT MFF PROP FIRM

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MY FOREX FUNDS PROPRIETARY FIRM

MYFOREXFUND popularly known as MFF  is a fast-growing prop firm with over 180,000+ traders across the globe. MyForexFund prop firm was founded in July 2020, with the goal of becoming the leading prop Trading firm.

This Article Is Designed to Give You All the Necessary Information You Need to Know About- Myforexfund, how To Get Instant Funding, Profit Split, Trading Rules, Faq’s, Scaling Plan, User Dashboard and Free Trial Challenge.

MY FOREX FUNDS
MY FOREX FUNDS

About MyForexFunds

MyForexFunds is one of the leading Forex Prop Trading Firms with over 300 staff worldwide and 2000+ customers per day from around the globe, it has cemented itself as a market leader.

MyForexTrader is interested in assisting traders, helping them grow through programs, services and information that assist people interested in the FOREX, CFD’S or commodity markets to become more profitable, self-sustainable and efficient when trading.

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 Radip account sizes

$10,000 

  • TargetNo Targets – 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

  • TargetNo Targets – 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

  • TargetNo Targets – 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

  • TargetNo Targets – 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 may 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.

3 Days / Week

Three days a week at least one trade must be entered by the trader. It’s known as the three trade days per week regulation. If, however, for some reason you feel that you won’t be able to manage that due to a personal, medical, or other cause, please email MFF. They will see to it that your account isn’t adversely affected by this.

No Restrictions

You can trade any instrument available, any lot size you wish at any time.

Payout increases!
Your payout increases over time as you grow.

MyForexFunds Evaluation

MyForexFunds evaluation is a two-step process where a potential funded trader can prove their Forex, CFD or commodity Trading skills, this helps to identify a serious FOREX Prop Firm Trader to stay consistent, accurate and maintain proper trading risk management skills which will in turn be of great reward.

MyForexFunds Evaluation
MyForexFund Evaluations 

MyForexFunds Evaluation Rules & Conditions.

$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

 

In MyForexFunds  Evaluation Rules, there are 6 points to remember. They are;

Step 1; 5% Daily Drawdown 

you must not have  5% drawdown based on your balance or equity ( whichever is higher) on your FOREX trading account within a 24 hour period starting at 5pm EST.

step 2; 12% Overall Drawdown

your FOREX Trading account must not go down by 12% ( realized/unrealized) to balance or equity.

step 3; 8% Profit Target Phase 1

You need to reach the profit Target of 8% without breaching any of the other rules within a 30-calendar day period. Your time starts when you open your first Trade on your FOREX trading Account.

step 4; 5% Target Phase 2

If you successfully complete phase 1, you will need to start on phase 2 where you are hrequired to reach a profit target of 5% without a breach of any of the other rules within a 60 calendar day period. Your time starts when you open your first trade on your FOREX Trading Account.

step 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.

step 6; No Trading restrictions

Trade your FOREX prop firm account your way, your size, your time. MyForexFund do not limit the way you trade, you’re implored to maintain consistency and focus on risk management.

 MyForexFund Evaluation Trading Rules

MyforexFund prop firm compiled a list of trading rules and guidelines to enable traders control their emotions and trade properly.

Rule 1; Trade with Pleasure

It is important that you’re happy and comfortable while trading, try not to stress yourself, have a Trading plan in place and earn without risking your own capital.

Rule 2; Trading Frequently and Consistently

As a Trader you must enter a minimum of one Trade per day for a minimum of 3 days a week, this enables MyForexFund to filter and access your trading skills (while you earn money) and graduate to a trader who is serious about trading to bigger opportunities.

Rule 3; Account Types, details and house keeping

MyForexFund provides you with login details after you sign up. You are not allowed to change these details under any circumstances.  Furthermore, you are not to add or decrease any funds from your account, if any change is detected, your account will be suspended.

Rule 4; Bonus Payout

The Bonus from your accounts will be paid on a bi-weekly basis via one of MyForexFund payment options which are; bank wire and cryptocurrency.

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.

My forex funds Accelerated
My forex funds Accelerated

Below is the My forex funds Accelerated $300,000 Account size

My forexfunds Account Sizes
My forexfunds Account Sizes

My Forex Fund Profit Slipt

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.

MyForexFund Withdrawal Target:

To be eligible for payout, MyForexFunds requires trader to make at least 8% profit on their account.

MyForexFund Review

MyForexFund is a legitimate Prop Firm and one of the best in the industry. Here’s a review to backup the claim.

Review
MyForexFund Review

MyForexFund FAQs

what is MyForexFund?

My ForexFund is a funding program that offers to Trade, Earn bonuses and share Profit with disciplined sand responsible Traders.

Why join MyForexFunds?

MyForexFunds 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, MyForexfund does not have a free Trial or demo for now.

MyForexFund 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.

MyForexFund Support

email: support ;@myforexfunds.com

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