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4.8/5


MYFUNDEDFX

MyFundedFX shines as a promising prop firm, providing not one but two distinct
challenge programs that invite traders to hone skills, navigate markets, and
uncover profit potential—all without risking personal capital. Our review delves
into MyFundedFX's innovative approach, illuminating strategies, benefits, and
considerations catering to traders seeking growth and security.

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Home » MyFundedFX

Table of Contents

Toggle
 * Who Are MyFundedFX?
 * What Are The Options For Funded Accounts?
   * One-Step Evaluation Challenge Account
   * Normal Two-Step Evaluation Challenge Account
   * Pro Two-Step Evaluation Challenge Account
   * VIP Program
 * What Sets MyFundedFX Apart From Other Proprietary Trading Firms?
   * Diverse Funding Programs
   * Trader-Friendly Trading Rules
   * Streamlined One-Step Funding Process
   * Lucrative Profit Split
   * Transparent and Fair Profit Sharing
   * Unlimited Trading Period
 * Is Getting Funded On MyFundedFX Realistic?
 * Which broker does MyFundedFX use?
 * MyFundedFX Customer Support and Help
   * Customer Support and Help
   * Social Media Profiles
 * MyFundedFX Trust Pilot Reviews
 * Video Review
 * Conclusion
 * MyFundedFX FAQ’s
   * Is MyFundedFX Legit?
   * What is the profit split on MyFundedFX?
   * Does MyFundedFX allow copy trading?
   * Which broker does MyFundedFX use?


WHO ARE MYFUNDEDFX?

MyFundedFX, established in June 2022, stands as a distinguished proprietary
trading firm in the realm of forex trading. Founded by Matthew Leech, this
dynamic trading company aims to provide forex traders with an exceptional
opportunity to access substantial capital for their trading endeavors. With a
promise to elevate trading potential, MyFundedFX offers traders the prospect of
leveraging up to $300,000 in trading capital, a unique feature that sets them
apart in the trading industry. Furthermore, for those seeking even greater
ambitions, MyFundedFX extends a compelling scaling plan that can elevate their
trading capital to an impressive $1.5 million.

At the heart of MyFundedFX’s offerings lies a one-of-a-kind funding process,
designed to cater to a diverse range of trading strategies and risk tolerances.
This process is characterized by both a 1-step and a 2-step funding model. The
1-step model offers swift access to funding, potentially granting traders the
capacity to secure funding within a single day, driven by the success of just
one proficient trade. On the other hand, the 2-step model presents a more
comprehensive evaluation process, spanning distinct evaluation challenges with
varied account sizes and trading conditions. This unique flexibility empowers
traders to align their funding journey with their trading style, nurturing a
sense of control over their progression.

A prominent facet that distinguishes MyFundedFX is its strategic partnership
with Eightcap, a renowned broker in the trading landscape. This strategic
collaboration ensures not only a stable flow of liquidity but also the
availability of quality trading platforms, including the well-regarded
MetaTrader 4 and MetaTrader 5. The benefits of this partnership extend beyond
the standard trading hours, as MyFundedFX becomes one of the select few prop
firms that offer crypto trading during weekends. This feature is especially
appealing to the burgeoning community of cryptocurrency enthusiasts who seek to
capitalize on the dynamic nature of the crypto market.

MyFundedFX doesn’t merely focus on individual trading endeavors; it strives to
cultivate a vibrant and collaborative trading community. With an active Discord
server boasting over 8000 members, MyFundedFX fosters an environment of open
dialogue and knowledge sharing. This sense of camaraderie is further nurtured
through the platform’s public leaderboard, which showcases the successes of
traders within the community. By creating a platform for traders to openly
discuss strategies, exchange insights, and celebrate achievements, MyFundedFX
builds a thriving ecosystem that fuels motivation and a healthy competitive
spirit among its members.

 



Pros
 * An extensive range of tradable assets including cryptocurrencies, indices,
   forex pairs, and commodities
 * Flexibility to scale your account as needed
 * Enjoy leverage options up to 1:100 to enhance your trading potential
 * Up to $1,500,000 maximum balance allowed
 * Benefit from 80% profit splits
 * Receive payouts every two weeks
 * Hold positions overnight and through weekends with no restrictions

Cons
 * Lot size limitations
 * Trailing drawdown on one-step challenge accounts


WHAT ARE THE OPTIONS FOR FUNDED ACCOUNTS?

MyFundedFX extends a range of compelling options for traders seeking funded
accounts. With a variety of evaluation challenge programs, each tailored to
different trading styles and ambitions, MyFundedFX provides traders with a
platform to prove their skills and access substantial trading capital. Let’s
delve into the details of the three distinct funded account programs offered by
MyFundedFX:


ONE-STEP EVALUATION CHALLENGE ACCOUNT

The one-step evaluation challenge account is designed to identify traders who
exhibit consistency and discipline in their trading strategies. This program
offers an efficient route to securing a funded account by completing a single
evaluation phase. Traders are permitted to trade with leverage up to 1:100.

Evaluation Phase and Criteria

In this phase, traders are required to achieve a profit target of 10% while
adhering to stringent rules. These rules include not exceeding a maximum daily
loss of 4% and a maximum trailing loss of 6%. Traders are given the flexibility
to trade without any minimum trading day requirements, allowing them to reach
their profit targets at their own pace.

Scaling and Benefits

Upon successful completion of the one-step evaluation challenge, traders are
granted a funded account. This funded account does not impose profit targets;
traders are expected to maintain adherence to the 4% maximum daily loss and 6%
maximum trailing loss rules. The initial profit split is 80% based on profits
generated within 14 calendar days after the first position is opened in the
funded account. Subsequent payouts occur on a bi-weekly basis.

Scaling Plan

Traders have the opportunity to scale their account further by demonstrating
consistent profitability over a three-month period. Achieving an average return
of 12% or more during this period results in a 25% account increase. This
scaling plan can elevate the original account balance by up to $1,500,000.


NORMAL TWO-STEP EVALUATION CHALLENGE ACCOUNT

The normal two-step evaluation challenge account presents traders with a
comprehensive evaluation journey. This program, like the one-step challenge,
identifies traders capable of maintaining consistency and discipline across two
evaluation phases, allowing them to access funded accounts with increased
capital.

Evaluation Phases and Criteria

In phase one, traders must reach an 8% profit target while abiding by a maximum
daily loss of 5% and a maximum loss of 8%. Success in phase one is a
prerequisite for entering phase two. In phase two, traders target a 5% profit
while upholding the same daily and maximum loss rules as in phase one.

Scaling and Benefits

Upon successful completion of both evaluation phases, traders are awarded funded
accounts. Just as in the one-step challenge, these accounts come without profit
targets, and traders are required to adhere to the maximum daily loss of 5% and
the maximum loss of 8%. The initial profit split remains at 80%, based on
profits generated within 14 days of the first position.

Scaling Plan

Similar to the one-step challenge, traders can scale their account by achieving
an average return of 12% or more over a three-month period. A 25% account
increase is awarded, with the potential to reach a maximum balance of
$1,500,000.


PRO TWO-STEP EVALUATION CHALLENGE ACCOUNT

Designed for traders seeking a more intricate evaluation process, the pro
two-step evaluation challenge account follows a similar structure to the normal
two-step challenge. However, it offers leverage up to 1:50 and different
criteria for phase completion.

Evaluation Phases and Criteria

Phase one requires an 8% profit target, adhering to a maximum daily loss of 5%
and a maximum loss of 10%. Successful completion leads to phase two, where
traders target a 5% profit while maintaining the same daily and maximum loss
rules.

Scaling and Benefits

Upon successfully completing both evaluation phases, traders are granted funded
accounts. The funded account comes with no profit targets; traders are required
to respect the maximum daily loss of 5% and the maximum loss of 10%. The initial
profit split is 80%, based on profits generated within 14 days of the first
position.

Scaling Plan

The scaling plan for the pro two-step challenge mirrors that of the normal
two-step challenge. Traders achieving an average return of 12% or more over
three months can increase their account by 25%, up to a maximum balance of
$1,500,000.


VIP PROGRAM

MyFundedFX rewards dedicated traders through its VIP Program. Eligibility
criteria include a minimum of six withdrawals, trading for at least four months
with a consistent trading style, and maintaining no account violations.
Successful VIP traders benefit from profit splits of up to 92.75%, unrestricted
withdrawals, and increased drawdown limits.




WHAT SETS MYFUNDEDFX APART FROM OTHER PROPRIETARY TRADING FIRMS?

Amidst the competitive landscape of proprietary trading firms, MyFundedFX
emerges as a distinctive player with an array of features that differentiates it
from its industry counterparts. Through innovative funding programs and a
trader-centric approach, MyFundedFX caters to traders seeking flexible
opportunities for growth and success. Here’s how MyFundedFX stands out in the
proprietary trading arena:


DIVERSE FUNDING PROGRAMS

MyFundedFX disrupts the norm by offering three distinct funding programs, each
tailored to meet the unique needs and preferences of traders. The one-step
evaluation challenge and the two two-step evaluation challenges provide traders
with options that align with their trading styles and goals. This flexibility
underscores MyFundedFX’s commitment to inclusivity and recognizes that
successful trading is not a one-size-fits-all endeavor.


TRADER-FRIENDLY TRADING RULES

In a notable departure from the industry standard, MyFundedFX adopts a more
relaxed stance on trading rules. Traders at MyFundedFX enjoy the freedom to hold
positions overnight and during weekends, a departure from the more rigid rules
imposed by some other proprietary trading firms. Additionally, the ability to
trade during news releases empowers traders to capitalize on volatile market
events, enhancing their trading strategies.


STREAMLINED ONE-STEP FUNDING PROCESS

The standout feature that underscores MyFundedFX’s commitment to efficiency is
its one-step funding process. While many leading prop firms adhere to a two-step
funding process, MyFundedFX’s one-step challenge enables traders to expedite the
path to funding. This unique process requires just one minimum trading day,
allowing traders to potentially secure a funded account in as little as one day
with one successful trade—a swift and convenient approach that speaks to the
needs of traders seeking expedited access to capital.


LUCRATIVE PROFIT SPLIT

MyFundedFX’s profit sharing model sets it apart as a highly attractive option
for traders. With an 80% profit split for both the one-step and two-step funding
models, MyFundedFX demonstrates its commitment to rewarding traders for their
successes. This robust profit-sharing scheme serves as a motivating factor for
traders, providing a substantial incentive to achieve and exceed their trading
goals.


TRANSPARENT AND FAIR PROFIT SHARING

The transparency and fairness of MyFundedFX’s profit-sharing arrangements stand
out in the industry. Both new and experienced traders benefit from an 80% profit
split, which is significantly higher than what’s often seen in other Top 10
proprietary trading firms. This approach aligns with MyFundedFX’s ethos of
providing traders with an equitable and empowering trading experience.


UNLIMITED TRADING PERIOD

Another factor that distinguishes MyFundedFX is its allowance for an unlimited
trading period during evaluation challenges. Unlike some other firms that impose
strict time limitations, MyFundedFX recognizes that each trader’s journey is
unique and provides them with the flexibility needed to excel on their own
timeline.

MyFundedFX’s innovative funding programs, trader-friendly trading rules,
streamlined funding process, generous profit split, and commitment to
transparency collectively position it as a standout option among proprietary
trading firms. By catering to the diverse needs of traders and fostering an
environment that encourages growth and success, MyFundedFX offers a compelling
platform for both new and experienced traders to thrive.


IS GETTING FUNDED ON MYFUNDEDFX REALISTIC?

When delving into the world of proprietary trading, it’s imperative to gauge the
practicality of the trading requirements associated with prop firms, especially
with regards to your forex trading style. While the allure of a prop firm
offering an enticingly high percentage profit split on a well-funded account is
undeniable, the real test lies in the attainability of their set trading goals.
A seemingly lucrative deal can quickly turn into an unattainable dream if the
firm demands substantial monthly gains while restricting maximum drawdown
percentages. In this light, MyFundedFX, a well-regarded proprietary trading
firm, stands out as a platform that aligns trading ambitions with realistic
performance expectations.

One of the primary indicators of a prop firm’s feasibility is its evaluation
process, and MyFundedFX offers two distinctive paths: the one-step evaluation
challenge and the normal two-step evaluation challenge. Notably, both pathways
present traders with attainable profit targets and reasonable maximum loss
parameters.

For traders aiming to secure capital through the one-step evaluation challenge,
the prospects are encouragingly realistic. With an average profit target of 10%
and prudent maximum loss rules—capped at 4% for daily losses and 6% for trailing
losses—this evaluation pathway strikes a balance between growth objectives and
risk management. This combination of profit aspirations and loss constraints
enhances the feasibility of achieving the stipulated targets.

Similarly, the normal two-step evaluation challenge provides traders with a
pragmatic avenue to securing funding. The profit targets, set at 8% in the first
phase and 5% in the subsequent phase, reflect a reasonable trajectory of growth.
Moreover, the maximum loss parameters, which cap daily losses at 5% and overall
losses at 8%, demonstrate a cautious approach to risk tolerance. This blend of
sensible profit expectations and moderately conservative loss thresholds
enhances the likelihood of successful evaluation and funding attainment.

For traders seeking a slightly more aggressive approach, the pro two-step
evaluation challenge remains a viable and realistic option. The profit targets
mirror those of the normal two-step challenge, at 8% and 5% for the first and
second phases, respectively. However, the maximum loss rules are marginally
elevated, with a daily loss limit of 5% and an overall loss threshold of 10%.
Despite the slightly higher risk parameters, the combination of reasonable
profit aspirations and acceptable loss limits suggests a practical route to
securing capital.

Taking all these aspects into consideration, it becomes evident that MyFundedFX
is a prop firm that emphasizes attainable trading objectives and aligns its
evaluation criteria with pragmatic trading goals. This commitment to realism
extends across the firm’s three distinct funding programs, catering to various
trading preferences and risk profiles. MyFundedFX distinguishes itself as a
legitimate prop trading firm, notable for its transparent and honest approach to
trading. The firm’s active engagement with traders through platforms like
Discord further reinforces its reputation as a supportive and credible partner
in the trading journey.


WHICH BROKER DOES MYFUNDEDFX USE?

MyFundedFX uses the well known Australian brokeage Eightcap.


MYFUNDEDFX CUSTOMER SUPPORT AND HELP


CUSTOMER SUPPORT AND HELP

Email: support@myfundedfx.com


SOCIAL MEDIA PROFILES

MyFundedFX can also be found on social media on the following channels:

 * Instagram profile with 25.1k followers
 * Youtube channel has 22.6k subscribers with 283 videos.
 * Discord channel has 71k members
 * Telegram channel has 6,843 subscribers
 * Facebook group with 26k followers
 * TikTok page with 192 followers


MYFUNDEDFX TRUST PILOT REVIEWS

MyFundedFX has a received great customer feedback from its traders on Trust
Pilot. With an overall score of 4.7 out of 5 from 1001 reviews.








VIDEO REVIEW




CONCLUSION

Our thorough analysis of MyFundedFX reveals a proprietary trading firm that
stands out with its tailored approach to funding and trading rules. With an
assortment of funding programs, ranging from the swift one-step evaluation
challenge to comprehensive two-step evaluations, MyFundedFX acknowledges the
diverse trading styles within the community. This adaptable structure ensures
that traders can align their journey with their individual strengths and
aspirations.

Moreover, MyFundedFX’s trader-centric trading rules set it apart by permitting
trades to be held overnight, during weekends, and even during impactful news
releases. This flexibility is a key asset that empowers traders to make informed
decisions on their own terms, avoiding unnecessary limitations on their trading
strategies.

An exceptional profit-sharing model further solidifies MyFundedFX’s position as
a distinct player in the field. With an unprecedented 80% profit split across
both funding models, MyFundedFX offers traders a tangible incentive to excel.
This transparent and generous approach underscores the firm’s dedication to
fostering equitable and rewarding trading conditions for traders at all levels.
As a result, MyFundedFX emerges as a pioneering choice for traders seeking
innovation, flexibility, and fair rewards in their journey toward trading
success.


MYFUNDEDFX FAQ’S


IS MYFUNDEDFX LEGIT?

Indeed, MyFundedFX stands as a legitimate platform within the realm of funded
trading programs. This is a vital assurance for traders who are seeking reliable
avenues to grow their trading careers. MyFundedFX’s legitimacy is underpinned by
a commitment to providing traders with genuine opportunities to leverage their
skills and access capital for trading in the financial markets.


WHAT IS THE PROFIT SPLIT ON MYFUNDEDFX?

Delving into the profit-sharing structure of MyFundedFX unveils an enticing
proposition for traders. The profit split offered by MyFundedFX is notably
competitive, with traders having the potential to earn a substantial 80% of the
profits generated through their successful trading strategies and risk
management. This generous percentage serves as a powerful motivator, encouraging
traders to set and achieve ambitious trading goals. MyFundedFX’s profit-sharing
model underscores their dedication to rewarding traders for their skill and
performance.


DOES MYFUNDEDFX ALLOW COPY TRADING?

MyFundedFX acknowledges the value of copy trading as a strategy for traders to
leverage the expertise of others. They provide an option for traders to engage
in copy trading from an account they personally own and actively trade. This
flexibility extends to traders with personal accounts from various sources,
including other proprietary firms, retail brokers, or external/internal
platforms. The condition for copy trading with MyFundedFX is that the executed
trades must genuinely belong to the trader. This approach offers traders the
freedom to explore diverse trading strategies while maintaining transparency and
accountability.


WHICH BROKER DOES MYFUNDEDFX USE?

In the pursuit of optimal trading conditions, MyFundedFX has established
partnerships with reputable brokers, namely Eightcap and ThinkMarkets. These
brokerages serve as the intermediaries through which traders execute their
trades. By collaborating with respected brokers, MyFundedFX demonstrates its
commitment to providing traders a seamless trading experience backed by robust
broker support.



Account size up to: $1,500,000 *Select your account package size and start
trading*
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5.0
Package Options & Fees
5.0
Trading Rules
4.0
Deposit & Withdrawals
5.0
Customer Support
4.8 Overall Rating
MyFundedFX

4.8/5
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