- Excellent Trustpilot rating of 4.3/5
- Five unique sponsorship programs
- Dashboard for professional traders
- A large variety of trading instruments (Forex pairs, commodities, indices, cryptocurrencies)
- Leverage up to 1:100
- There are no minimum and maximum trading day requirements
- Scale expansion plan
- Maximum daily withdrawal rate scaling feature
- Maximum withdrawal ratio feature
- First payout in 7 or 14 days (Depending on challenge)
- Bi-Weekly or Weekly Payouts (Depending on challenge)
- Profit sharing from 80% up to 92.75%
- Overnight & weekend holding allowed
- Withdrawal based on balance
- Sponsorship program prices are expensive
- The initial maximum withdrawal is as low as 8% in the Two-Step Challenge
- Withdrawal Rate in One Step Challenge
I. Prop firm information
What is MyFundedFX?Who is the CEO of MyFundedFX?
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Contact Info
Website: https://myfundedfx.com/
Email: support@myfundedfx.com
Address: Delaware, USA
II. Prop firm products
MyFundedFX (MFFX) offers three trading account types:
– 1-Step Account
– 2-Step Account
– 3-Step Account
Although MFFX has lifted the ban completely, they still apply some restrictions on Vietnamese traders, only allowing 1-Step (Max) accounts.
Therefore, this article will focus on sharing detailed information about the 1-Step account type
1. Tài khoản 1-Step
1-Step Account has 2 types of trading accounts:
– 1-Step Max account
– 1-Step Account
The difference between 1-Step and 1-Step Max you can see in the table below:
You can see that the 1-Step Max account has many advantages over a regular account such as:
– Cheaper fees,
– Lower profit target,
– Larger account drawdown limits and
– Calculated as fixed (static).
1-Step Max account funding process
a. Evaluation phase
Request 1 round of challenges as follows:
– Profit target is 8%.
– Maximum profit limit in 1 day is 2%.
– Unlimited time.
– Stop limit in 1 day is 2%.
– Account decline limit is 8%.
b. Funding phase
Having passed the evaluation phase, you will receive a funding account,
Three main rules you need to keep in mind:
– Profit limit in 1 day is 2%.
– Stop limit in 1 day is 2%.
– Account decline limit is 8%.
You will receive 80% of the profits you generate on your funding account.
III. Frequently asked general questions.
What documents do I need to provide for KYC?
KYC documents include:
1. Identity verification documents: Passport, Driver's License or Citizen Identification Card.
2. Address verification documents: Utility bills (electricity, water, internet bills...) or Bank statements, address verification documents need to be issued within 3 months.
In what ways can I pay MFFX?
You can pay MFFX via:
– Credit/Debit Card
– Crypto.
Note: MFFX does not allow you to use someone else's card or Crypto wallet address to make payments.
Withdrawal policy
You can make your first and subsequent withdrawals after 7 days.
Note: Fees are non-refundable, this applies to all MFFX accounts.
Withdrawal method
MFFX pays profits to Traders through:
Crypto (BTC, LTC, ETH, USDC and USDT).
Rise.
You can proactively submit a withdrawal request on the dashboard, MFFX will process your request within 24-72 hours.
What is a soft breach?
Soft violations are those that do not result in account termination, they serve as a reminder that you have reached your limit for the day and you can continue trading the next day.
What happens when I reach my 1-day stop limit?
The 1-day stop limit works similarly to the daily drawdown limit, the difference is that it does not lead to account termination.
What is the maximum capital I can have with a 1-Step Max account?
The maximum capital for a 1-Step Max account is $300,000.
Can I consolidate 1-Step Max funding accounts?
No, 1-Step Max funding accounts are not allowed to be consolidated.
Does MFFX limit trade size?
No, there is no limit on transaction size.
Can I trade using Bot/EA?
No, MFFX does not allow Bot/EA trading on Platform 5.
Am I allowed to copy trades?
Copy trading is allowed, if it is your own account.
Copying from third parties or using signal services will result in account termination.
Note: MFFX does not allow copying trades using EAs (Expert Advisors).
Am I allowed to hold trades overnight or weekly?
Yes, you are allowed to hold trades overnight, week after week.
Am I allowed to trade news?
Evaluation phase.
You are allowed to trade news without any restrictions.
Funding phase.
MFFX limits trading 3 minutes before and after news release
Assuming there is important news at 7:30 p.m., the trading restriction period will be from 7:27 p.m. to 7:33 p.m.
Any trade opened/closed before and after 3 minutes of news release will not be counted as profit, however if a loss occurs you must be responsible.
Limited news has a red folder, at the Forex Factory site,
Note: News trading violations are soft violations, your account will not be terminated.
Am I required to set a stop loss?
No, stop losses are not required by MFFX, however you should have them as this is the best way to manage risk.
Do I need to trade consistently?
No, MFFX has no consistent rules.
Does MFFX have any restrictions on trading style?
No, there are no restrictions on trading style and the strategy you use is completely up to you.
However, MFFX strictly prohibits fraudulent activities, details you can see here.
What is a trading day?
A trading day is the day you open at least one trade. If a transaction is held for multiple days, the day the transaction is opened is counted as one trading day.
Is the funding account a live account?
No, the MFFX funding account is also a demo account.
Can I trade cryptocurrency on weekends?
Yes, you can trade cryptocurrencies on weekends.
How long has the account been inactive?
Accounts that are inactive for 30 consecutive days will be disabled.
You should make at least 1 trade every 30 days to keep your account active.
Which broker does MyFundedFX use?
MyFundedFX Do not trade with any popular broker brands. They partner with a tier 1 liquidity provider that has the best simulated real market trading conditions
As for the trading platform, when you work with MyFundedFX , They allow you to trade on DXtrade , cTrader , Match-Trader và MetaTrader 5
What is the leverage and commission fee of MFFX account?
For specific leverage levels and commission fees, see the following table:
What products can I trade?
You can trade Forex, Metals, Indices, Commodities and Crypto
Reviews OnTrustpilot
On Trustpilot , MyFundedFX There are a lot of comments and provide positive feedback about the company's services. The company achieved an impressive rating of 4.2/5 from a large group of 1,159 reviews. Notably, 83% of these reviews awarded MyFundedFX the highest rating of 5 stars
Social media statistics
MyFundedFX can also be found on many social media platforms
IV. Instructions for registration and payment
To participate in the MyFundedFX funding challenge, click here
Affiliate Code: If you support Trade Quy, enter code "777", this is also a 5% discount code if you do not have any discount code.
Next, click “Complete Order“
You click “Proceed to payment“
You have 2 payment options:
1. Credit/Debit Card
2. Crypto
To process orders quickly, you should choose to pay by card by checking Pay With Credit or Debit Card.
Then, fill in your card information and click "PAY FOR ORDER" to complete.
Order information will be sent via your registered email.
Above is information about the MyFundedFX fund for your reference. If you have any questions, please leave a comment below.
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What is your personal opinion about MFFX and the services they provide? Do they suit the trading conditions and services you are looking for?
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CONTACT US
If you have any questions or concerns, please contact us via the following information:
- Email address: propfirmchannel@gmail.com
- Điện thoại: +84925.012.777 - +8429.9999.3333
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