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USE THIS LINK FOR YOUR DISCOUNT: https://myfundedfx.tech/purchasechallenge/?sl=127
MyFundedFX is a proprietary firm that offers traders the opportunity to trade without risking their own capital. They provide two challenge programs where profitable traders receive a payment based on a percentage of their profits. The firm covers all losses, and traders can earn high profits by managing account sizes up to $200,000 and taking home 80% profit splits. Traders have the option to choose between one-step or two-step evaluation challenges.
In the one-step evaluation challenge, traders must reach a profit target of 10% without exceeding a 4% daily loss or 6% trailing drawdown. There are no minimum trading day requirements, and traders have an unlimited trading period. Upon completing the challenge, traders receive a funded account with no profit targets and continue to receive payouts every two weeks.
The two-step evaluation challenge involves two phases. In the first phase, traders aim for an 8% profit target with a 5% daily loss limit. Successful completion leads to the second phase, where traders target a 5% profit while maintaining the same loss limits. Similar to the one-step challenge, traders receive a funded account with no profit targets and continue to receive bi-weekly payouts.
MyFundedFX stands out from other prop firms by offering these two funding programs with relatively relaxed trading rules. Traders can hold trades overnight and during weekends, as well as trade during news releases. The firm is partnered with brokers Eightcap and ThinkMarkets.
Overall, MyFundedFX provides realistic trading requirements and conditions for receiving payouts. Traders can choose a funding program that suits their trading style, and payment proof is available on their Discord channel.
MyFundedFX is a proprietary trading firm that stands out from other firms in the industry due to its unique funding programs and flexible trading rules. They offer two evaluation challenge accounts: the one-step and two-step challenges. These programs allow traders to trade with virtual funds and earn a profit without risking their own capital.
The one-step evaluation challenge account requires traders to reach a profit target of 10% while adhering to a maximum daily loss of 4% and a maximum trailing drawdown of 6%. There are no minimum trading day requirements, and traders have an unlimited trading period to achieve the profit target. Upon successful completion of the evaluation phase, traders receive a funded account with no profit targets but are still required to respect the maximum daily loss and maximum trailing drawdown rules. Profitable traders receive an 80% profit split based on their earnings, paid out bi-weekly.
The one-step evaluation challenge account also offers a scaling plan for traders who demonstrate consistent profitability over a three-month period. If a trader averages a return of 12% or more during this period, their account balance can increase by 25% of the original balance, up to a maximum of $1,500,000.
The two-step evaluation challenge account follows a similar structure but with different profit targets and trading rules. In the first phase, traders must reach an 8% profit target while adhering to a maximum daily loss of 5% and a maximum loss of 8%. Upon successful completion of both phases, traders receive a funded account with no profit targets but must respect the maximum daily loss and maximum loss rules. The profit split for the two-step challenge account is also 80%, with bi-weekly payouts.
Like the one-step evaluation challenge account, the two-step challenge account also offers a scaling plan based on consistent profitability over a three-month period.
Compared to other prop firms, MyFundedFX’s funding programs have relatively relaxed trading rules. Traders can hold trades overnight and over the weekends, and they are allowed to trade during news releases. The company is partnered with brokers Eightcap and ThinkMarkets, providing traders with access to a wide range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies.
When considering the feasibility of receiving capital from MyFundedFX, it is important to evaluate the trading requirements and objectives. MyFundedFX’s evaluation challenge accounts have realistic profit targets and maximum loss rules, increasing the chances of receiving funding. Payment proofs are available on their Discord channel, providing transparency and reassurance to traders.
In conclusion, MyFundedFX offers unique funding programs, flexible trading rules, and the opportunity to earn profits without risking personal capital. With realistic trading objectives and payouts on a bi-weekly basis, MyFundedFX provides a compelling option for traders looking to secure funding and advance their trading careers.