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Rating Index
Pros
Fast funding process allows traders to access capital quickly.
Offers up to $1.5 million in trading capital with an 80% profit split.
Provides a unique one-step funding challenge, enabling traders to get funded from just one successful trade.
Cons
Limited educational resources can leave traders, especially beginners, without adequate support.
No free trial option, requiring financial commitment before testing the platform.
As a newer firm, myfundedfx has unproven long-term reliability, raising concerns about its sustainability.
MyFundedFX broker Accounts
MyFundedFX Account Type
MyFundedFX offers a variety of account types to cater to different trading needs and skill levels. The account types include:
- One-Step Challenge Account
- Max Account Size: Up to $300,000
- Profit Target: 10%
- Maximum Daily Loss: 4%
- Maximum Trailing Loss: 6%
- Trading Days: Unlimited
- Two-Step Challenge Account
- Max Account Size: Up to $300,000
- Profit Target for Phase 1: 8%
- Profit Target for Phase 2: 5%
- Maximum Daily Loss: 5%
- Maximum Loss: 8%
- Trading Days: Unlimited
- One-Step Max Challenge Account
- Max Account Size: Up to $200,000
- Profit Target: 8%
- Maximum Daily Loss: 2% (soft breach)
- Maximum Loss: 8%
- Trading Days: Unlimited
- Two-Step Max Challenge Account
- Max Account Size: Up to $200,000
- Profit Target for Phase 1: 10%
- Profit Target for Phase 2: 5%
- Maximum Daily Loss: 5%
- Maximum Loss: 10%
- Trading Days: Unlimited
- Three-Step Challenge Account
- Max Account Size: Up to $300,000
- Profit Target for Each Phase: 6%
- Maximum Daily Loss: 4%
- Maximum Loss: 8%
- Trading Days: Unlimited
- Visit the MyFundedFX Website: Go to the official MyFundedFX website.
- Create an Account: Click on the "Get Started" button and fill out the registration form with your personal details.
- Select Your Account Size: Navigate to the MyFundedFX challenge dashboard and choose the account size and type you wish to purchase.
- Review the Rules: Familiarize yourself with the program's rules and regulations.
- Make Payment: Proceed with the payment by selecting your preferred payment method (credit/debit card or cryptocurrency).
- Receive Account Credentials: Once your payment is processed, you will receive your account credentials via email.
- Complete KYC Verification: Upload the required KYC documents to verify your identity before you can start trading.
These accounts allow traders to manage substantial capital while providing flexibility in trading strategies and risk management.
MyFundedFX Broker Account Opening Process
To open an account with MyFundedFX, follow these steps:
This streamlined process allows traders to begin their trading journey quickly and efficiently.
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