My Forex Funds broker Accounts

My Forex Funds Account Type

My Forex Funds offers three different account types to cater to various trading styles and experience levels:

1. Rapid Account:

• Minimum Deposit: $2,000
• Profit Split: 12% of profits in a demo setting; 50% to 80% when trading live.
• Drawdown Limits: Maximum daily drawdown of 5% and overall drawdown of 12%.
• Trading Frequency: Traders must execute at least one trade for a minimum of three days per week.
• No profit targets or time limits, allowing traders to earn as they learn.

2. Evaluation Account:

• Minimum Deposit: $5,000 to $300,000.
• Profit Targets: 8% in Phase 1 (30 days) and 5% in Phase 2 (60 days).
• Drawdown Limits: Maximum daily drawdown of 5% and overall drawdown of 12%.
• Traders must trade for at least 5 days to qualify for funding.

3. Accelerated Account:

• Minimum Deposit: $2,000 to $50,000.
• Profit Split: 50% of profits.
• Drawdown Limits: 5% for conventional accounts and 10% for emphatic accounts.
• Immediate access to live trading accounts without passing a challenge.

My Forex Funds Broker Account Opening Process

To open an account with My Forex Funds, follow these steps:

1. Visit the Official Website: Go to [myforexfunds.com].
2. Select a Funding Plan: Click on the "Start Now" button and review the available plans to choose one that aligns with your trading goals.
3. Complete Registration Form: Fill out your personal details, including your name, address, email, and phone number.
4. Choose a Trading Platform: Select either MetaTrader 4 or MetaTrader 5 as your trading platform.
5. Payment Process: Follow the instructions to complete your payment for the selected plan.
6. Verification: Submit the required documents for KYC verification to verification@myforexfunds.com, including a signed contract and government-issued photo ID.
7. Start Trading: Once verified, you can log in to your trading account and begin trading.