My Funded FX
MyFundedFX offers a dynamic platform that allows traders to engage in simulated trading challenges, gradually progressing towards earning a share of simulated trading profits. In the initial phase, traders undertake challenges using a demo account, striving to achieve a minimum simulated gain target. Successful completion leads to a verification step, unlocking the opportunity to receive a simulated trading account.
Once traders meet the gain target, they enter a funded trader phase, wherein they retain 80% of simulated profits, provided they adhere to specified maximum loss limits. The platform imposes no time constraints for completing challenges, and there’s no minimum number of trading days required. The process encompasses multiple stages, each offering progressively larger simulated account sizes, reaching up to $600,000.
Traders enjoy flexibility in their trading styles but must comply with general rules governing maximum daily and overall losses. MyFundedFX supports various payment methods, including credit cards and cryptocurrencies like Bitcoin and Ethereum. To enhance the trading experience, the platform provides additional resources such as a Discord community with over 114,000 members for shared learning and educational YouTube videos offering guidance on optimal challenge pathways.
It’s crucial to note that while MyFundedFX presents valuable opportunities for gaining trading experience, all activities remain within a simulated environment and do not constitute real trading or investment advice. Traders should be aware of the real financial risks that simulated trading may not fully capture. Additionally, adherence to local laws concerning permitted trading activities is strongly advised.
Leverage | 100:1 |
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Location | USA |
Founded | 2022 |
Instruments | Commodities, Crypto, Forex, Indices |
Platform | Blueberry, DXtrade, MT4, MT5, ThinkMarkets |
Refundable Registration Fee | Yes |
Minimum Initial Balance | $5,000 |
Maximum Initial Balance | $300,000 |