MyForexFunds

MyForexFunds offers traders personalised portfolios tailored to their individual trading goals and risk tolerance levels. They provide both beginner and experienced traders with a comprehensive suite of tools to help them succeed in the forex market. With My Forex Funds’ intuitive interface, traders can easily manage their accounts without having to worry about complex technical details or worrying about making mistakes while trading. Their customer service team is also extremely helpful and always available should any questions arise during your trading journey on this platform.

Who Are MyForexFunds?

MyForexFunds is a reputable and regulated trading platform that offers a comprehensive range of services for traders. With a strong focus on trustworthiness and regulation, MyForexFunds ensures compliance with industry standards, providing a secure trading environment. Traders can confidently invest their funds and personal information, knowing that their interests are protected. One of the standout features of MyForexFunds is its diverse range of trading instruments. Traders can access a wide selection of financial instruments, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to diversify their portfolios and take advantage of different market opportunities, maximizing their potential for success. The platform’s user-friendly trading interface is another highlight. MyForexFunds offers a robust trading platform equipped with advanced charting tools, real-time market data, and a comprehensive suite of technical analysis indicators. This intuitive platform enables traders to execute trades efficiently, analyze market trends effectively, and manage their portfolios with ease. Whether experienced or new to trading, users can navigate the platform seamlessly. MyForexFunds goes above and beyond by providing exceptional customer support and educational resources. Traders can rely on multilingual customer support, available through various channels, to assist them during critical trading moments. Additionally, the platform offers educational materials, including tutorials, webinars, and market analysis reports, empowering traders with the knowledge necessary to make informed decisions. By prioritizing customer satisfaction and continuous learning, MyForexFunds aims to equip traders with the tools they need to thrive in the markets.

What Sets MyForexFunds Apart from Other Proprietary Trading Firms?

In the world of proprietary trading firms, MyForexFunds stands out with its unique offerings and distinguishing features. One of their notable advantages is the comprehensive evaluation programs they provide. Unlike many other prop firms, MyForexFunds offers structured evaluation processes that allow traders to showcase their skills and progress to funded accounts through multiple evaluation phases. Flexibility in account options is another key aspect that sets MyForexFunds apart. They understand that traders have different preferences and trading styles, which is why they offer various account types. Whether it’s rapid programs, accelerated accounts, or conventional accounts, traders can find an option that aligns with their goals and suits their individual trading approaches. Profit splits and scaling opportunities are also distinguishing features of MyForexFunds. Unlike some prop firms with rigid profit sharing structures, MyForexFunds provides attractive profit splits based on traders’ performance. Additionally, they offer scaling opportunities, allowing traders to increase their account size as they achieve predetermined profit targets. MyForexFunds further distinguishes itself by providing access to a diverse range of trading instruments. Traders can explore forex pairs, commodities, indices, and cryptocurrencies, which allows for greater flexibility and exposure to different markets. This comprehensive range of trading instruments sets MyForexFunds apart by enabling traders to diversify their portfolios and seize opportunities across various asset classes.

What Are The Options For Funded Accounts?

Rapid Program Accounts

MyForexFunds offers Rapid Program Accounts that aim to evaluate a trader’s capabilities over a three-month period before granting access to trade with live funds. These accounts come with significant advantages, including the opportunity to receive a 12% bonus profit payout despite trading in a demo environment. Rapid Program Accounts do not have profit targets. Instead, traders receive a 12% payout on the profits earned while trading with 1:500 leverage. The main focus should be adhering to the rules of a maximum 5% daily loss and maximum 12% overall loss. Additionally, traders must commit to a minimum of three trading days per week. These accounts offer the flexibility of choosing between Consistency Enabled and No Consistency options. For No Consistency accounts, traders are required to follow general rules such as the minimum trading days, maximum daily loss, and maximum loss. However, Consistency Enabled accounts have additional considerations, including the average number of trades taken per day and average lot sizes used. Account suspension only occurs if a trader consistently deviates from their trading pattern. A one-time violation would result in non-payment for that particular payment period. Upon successfully completing the three-month demo period and receiving a funded account, traders enjoy a progressive profit split. In the first month, the profit split is 50%, which increases to 65% in the second month. From the third month onwards, traders receive 80% of the profits. Furthermore, the initial fee paid is fully refunded with the first withdrawal from the funded account.

Rapid Program Accounts do not have a scaling plan available. Traders within this program can trade a variety of instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Evaluation Program Accounts

MyForexFunds offers Evaluation Program Accounts designed to identify dedicated and talented traders, rewarding them for their consistency during the two-phase evaluation period. These accounts allow traders to trade with a leverage of 1:100, providing opportunities to showcase their trading skills. During Phase One of the evaluation, traders aim to reach a profit target of 8% while adhering to the 5% maximum daily loss and 12% maximum loss rules. There are no specific time limitations or maximum trading day requirements during this phase. However, traders must trade a minimum of five trading days to proceed to Phase Two. Phase Two requires traders to achieve a profit target of 5% while following the same maximum daily loss and maximum loss rules. Similar to Phase One, there are no specific time limitations or maximum trading day requirements, but a minimum of five trading days is necessary to qualify for a funded account. Upon successfully completing both evaluation phases, traders receive a funded account and are also rewarded with 2% of the profit made during the Phase One evaluation. Once traders have obtained a funded account, they need to consider the minimum withdrawal policy. The account must adhere to the 5% maximum daily loss and 12% maximum loss rules. The first payout is scheduled 30 calendar days after the first position is placed in the funded account, and a minimum of 10 calendar days of trading is required during this period. The first payout consists of 75% of the profit made in the funded account, an additional 4% profit from the Phase Two evaluation, and a refund of 112% of the initial paid fee. Subsequent payouts occur bi-weekly, with the profit split increasing to 80% in the second month and 85% from the third month onwards. For Evaluation Program Accounts, there is a minimum withdrawal policy based on account sizes. Traders with account sizes of $5k, $10k, and $20k must achieve a minimum profit of $50. Account sizes of $50k and $100k require a minimum profit of $100, while account sizes of $200k and $300k need a minimum profit of $150. Moreover, Evaluation Program Accounts offer a scaling plan. Traders who achieve a profit target of 10% or more within a four-month period, with at least two profitable months, receive an account increase of 30% of the original account balance. For example, if you have a $200,000 account, your account balance will increase to $260,000 after four months. Trading instruments available for Evaluation Program Accounts include forex pairs, commodities, indices, and cryptocurrencies.

Accelerated Program Accounts

MyForexFunds offers Accelerated Program Accounts, providing traders with swift access to funded accounts and profit splits. This program includes two options to choose from: Conventional and Emphatic, each catering to different trading preferences. Accelerated Program Accounts do not have a maximum daily loss rule, only a maximum loss rule. Traders can trade without time limitations, lot size restrictions, or consistency rules. An appealing feature of these accounts is the absence of profit targets, ensuring eligibility for weekly payouts regardless of achieved profits. For Conventional Accelerated Program Accounts, traders can skip the evaluation period and start trading directly with a funded account. With 1:50 leverage, traders receive a 50% profit split based on their trading profits. Additionally, Conventional accounts have a scaling plan, which can be reviewed in the provided spreadsheet. To become eligible for scaling, traders only need to reach a profit target of 10%. Scaling can be done once every pay period, and withdrawals do not affect the account’s ability to scale up. Traders become eligible for scaling when their total profits reach the 10% profit target. Emphatic Accelerated Program Accounts also have a scaling plan outlined in the spreadsheet. To qualify for scaling, traders need to reach a profit target of 20%. Similar to Conventional accounts, scaling can be done once every pay period, and withdrawals do not hinder the account’s ability to scale up. Traders become eligible for scaling when their total profits reach the 20% profit target. For example, if traders gain 8% in Week 1 and withdraw 50% of their profits, and then gain 14% in Week 2 and withdraw 50% of their profits, their total profits would reach 22%, making them eligible for scaling since they surpassed the 20% profit target.

Is Getting Funded on MyForexFunds Realistic?

Traders often wonder whether it is realistic to get funded on MyForexFunds. MyForexFunds offers evaluation programs that serve as a pathway to obtaining a funded account. These programs assess traders’ skills and potential, allowing them to showcase their abilities. The evaluation process consists of multiple phases that evaluate traders’ performance, risk management, and consistency. By meeting the program’s requirements and achieving the specified targets, traders can progress toward obtaining a funded account. To increase the likelihood of getting funded on MyForexFunds, traders should demonstrate a strong understanding of trading principles and strategies. Consistency in performance, adherence to risk management practices, and profitability are crucial factors considered by MyForexFunds when evaluating traders for funded accounts. Traders who exhibit discipline, adaptability, and a solid track record during the evaluation phases are more likely to be granted a funded account. It is important to note that while MyForexFunds offers a realistic opportunity to obtain a funded account, success is not guaranteed for every trader. Trading inherently involves risks, and not all traders will meet the specific criteria set by MyForexFunds. However, with dedication, continuous learning, and consistent performance, traders can increase their chances of obtaining a funded account on the platform. MyForexFunds creates a supportive trading environment by providing resources and guidance to help traders improve their skills and enhance their trading performance. Educational materials, including tutorials, webinars, and market analysis reports, are available to assist traders on their journey. Additionally, accessible customer support is provided to address any queries or concerns traders may have, emphasizing MyForexFunds’ commitment to helping traders succeed.

In summary, while obtaining a funded account on MyForexFunds is a realistic goal for traders who demonstrate consistent performance, risk management skills, and adherence to the evaluation program’s guidelines, success is not guaranteed for all. Traders should approach the evaluation programs with dedication to learning, discipline, and a focus on improving their trading skills. By leveraging the educational resources and support provided by MyForexFunds, traders can enhance their chances of achieving a funded account and progressing in their trading journey.

Which broker does MyForexFunds use?

My Forex Funds partners with Traders Global Group, an institutional fintech company, as their chosen brokers and trading server. Traders Global Group specializes in providing liquidity services to My Forex Funds, ensuring smooth and efficient trading operations. Being a proprietary trading firm, My Forex Funds operates with their own capital, which eliminates the need for external regulation as they fund live accounts for their traders. Traders using My Forex Funds have the advantage of accessing popular trading platforms, namely MetaTrader 4 and MetaTrader 5. These platforms are renowned for their user-friendly interfaces, advanced charting tools, and a wide range of trading features. With MetaTrader 4 and MetaTrader 5, traders can seamlessly execute trades, monitor market movements, and implement diverse trading strategies to capitalize on market opportunities. By partnering with Traders Global Group and offering industry-standard platforms like MetaTrader 4 and MetaTrader 5, My Forex Funds ensures that their traders have access to reliable and robust tools for their trading activities. This collaboration empowers traders to navigate the markets effectively and make informed trading decisions using the advanced functionalities provided by these platforms.

MyForexFunds Customer Support and Help

Email: support@myforexfunds.org

Social Media Profiles

• Instagram profile with 169k followers
• Twitter account with 27k followers
• Youtube channel has 40.2k subscribers with 77 videos.
• Facebook page with 53k followers
• Linkedin page with 1,984 followers

MyForexFunds Trust Pilot Reviews

MyForexFunds has received great customer feedback from its traders on Trust Pilot. With an overall score of 4.8 out of 5 from 17,088 reviews.

Conclusion

In conclusion, MyForexFunds emerges as a legitimate and highly regarded proprietary trading firm, providing traders with a range of funding programs tailored to their individual needs. With three distinct options available – Rapid, Evaluation, and Accelerated programs – MyForexFunds offers a comprehensive platform catering to traders of all experience levels. Rapid programs serve as an initial step, allowing traders to showcase their capabilities over a three-month period before gaining access to trade with live funds. Notably, the rapid program provides a unique advantage with its 12% bonus profit payouts, even while trading in a demo environment. With the potential to earn profit splits of up to 80%, rapid programs offer a promising opportunity for traders to hone their skills and generate substantial returns. Evaluation programs, characterized by their industry-standard two-phase evaluation challenge, offer a systematic approach to funding. Traders must meet profit targets of 8% in phase one and 5% in phase two, while adhering to a 5% maximum daily loss and 12% maximum loss rules. These realistic trading objectives, combined with profit splits of up to 90% and the ability to scale accounts, make evaluation programs an attractive choice for traders seeking structured growth and increased profitability. For those looking to bypass the evaluation period, Accelerated programs provide a direct path to trading funded accounts and earning weekly profit splits. Accelerated programs offer the flexibility of no time limitations, lot size restrictions, or consistency rules, making them an enticing option for experienced traders. With profit splits of 50% and the ability to scale accounts, traders can swiftly capitalize on opportunities and maximize their earnings. Regardless of experience level, MyForexFunds offers a suitable funding program. Beginners can start with the rapid program, gaining valuable knowledge and earning bonus profit payouts. Seasoned traders can opt for evaluation programs, navigating the two-phase challenge and accessing profit splits while scaling their accounts. Meanwhile, experienced traders looking for immediate funding can dive into accelerated programs, earning weekly profit splits without delay. Considering the array of funding options, attractive profit splits, and the ability to scale accounts, MyForexFunds stands out as a premier choice among prop firms. Whether you are a beginner or an industry veteran, MyForexFunds provides a supportive and rewarding trading environment, making them a leading player in the industry.