My Funded FX
Company Background: MyFundedFX aims to provide traders with the capital needed to maximize their potential by offering evaluation services and funded accounts for successful traders.
Year Established: June 1, 2022
Head Office Location: The head office of MyFundedFX is registered in the United Kingdom.
Prohibited Countries: Specific country restrictions are not listed, but traders must comply with their local regulations.
Associated Brokers: MyFundedFX is not explicitly associated with any specific broker.
Evaluation Description: MyFundedFX offers a multi-step evaluation process. Traders must meet profit targets (e.g., 8% in Step 1 and 5% in Step 2) while adhering to risk management rules like maximum daily loss and overall loss limits.
Funded Trader Benefits: Funded traders gain access to capital, profit-sharing, and support from MyFundedFX.
Profit Split: Funded traders receive an 80% profit split.
Account Size (USD): N/A
Max Trading Days: N/A
Min Trading Days: N/A
Max Daily Loss: 2%
Max Total Loss: 8%
Profit Target: 5%
Challenge Fee (USD): Varies by account size, starting from approximately $300.
Fee Refundable: Yes, the fee is refundable upon passing the challenge.
News Trading Allowed: Yes
EAs Allowed: Yes
Copy Trading Allowed: Yes
Describe Scaling Plan: The scaling plan increases the demo account's balance by 25% every three months, given specific profit targets are met.
Scaling Plan Requirements:
Min Months Prior to Scaling: 3 months
Total Minimum Profit Percentage Achieved: 12%
Positive Account Balance Required: Yes
Increased Profit Split: No information on an increase in profit split percentage.
Max Account Value: Maximum account size can reach up to $600,000.
Trading Platforms Used: MyFundedFX uses DXTrade and MetaTrader 4 (MT4).
Tools & Services Provided by the Prop Firm: Traders have access to a community forum, educational resources, and regular feedback.
Prop Firm Trading Educational Material Provided: N/A
Testimonials: Available on their website and social media platforms.
Trustpilot Rating: 4.2
Number of Trustpilot Reviews: over 300 reviews.
Prop Firm Social Presence: - Twitter: 114.2K followers <br> - Discord: 111.8K community members <br> - Instagram: 40.1K followers <br> - Facebook: 31.9K followers <br> - YouTube: 27.6K subscribers <br> - Telegram: 7.7K members <br> - TikTok: 447 followers
Online Opinion of Prop Firm: MyFundedFX appears to be a trustworthy prop firm offering substantial trading capital, a supportive community, and a clear evaluation process.