MyFundedFX Forex Broker

MyFundedFXReview SummaryFounded2022-05-23Registered Country/RegionUnited StatesRegulationUnregulatedMarket Instruments (175+)Forex/Commodities/Indices/CryptocurrenciesDemo Account✅LeverageUp to 1:30Trading PlatformDXTrade/MatchTrade/cTrader(Web/Android/iOS)Minimum payout amount$50Customer SupportTwitter/Discord/Instagram/YoutubeLive chatMyFundedFX Information MyFundedFX is a broker registered in the United States. The tradable instruments with a maximum leverage of 1:30 include forex, commodities, indices, and cryptocurrencies. The broker also provides a demo and four simulated accounts, whose minimum profitable day is up to 3 days. The affiliate program offers up to 8% commissions. MyFundedFX is still risky due to its unregulated status.Pros and ConsPros Cons Leverage up to 1:30UnregulatedDemo account available/Simulated fund supportObvious geographical restrictionsVarious tradable instrumentsStrict requirements for simulated profit targetsIs MyFundedFX Legit? MyFundedFX is not regulated, making it less safe than regulated brokers.What Can I Trade on MyFundedFX? MyFundedFX offers a wide range of market instruments, including forex, commodities, indices, and cryptocurrencies.Tradable Instruments Supported Forex✔Commodities✔Indices✔Cryptocurrencies✔Account Type MyFundedFX has demo and simulated account types: 1-step, 2-step, 2-step-max, and 3-step. The demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.Account Type 1-step2-step2-step-max3-stepSim Gain Target10%Step 1 8%Step 1 10%6%Minimum Profitable Days3 Days3 Days3 Days1 DayDaily Sim Loss4%5%Step 1 5%/Step 2 4%4%Overall Sim Loss6%8%Step 1 10%/Step 2 8%8%Trading PeriodUnlimitedUnlimited-UnlimitedSim Trading Leverage1:301:301:301:30Trading Platform MyFundedFX provides the DXTrade, MatchTrade, and cTrader trading platforms available on the Web, Android, and iOS to trade, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.Trading PlatformSupported Available Devices DXTrade✔Web/Android/iOSMatchTrade✔Web/Android/iOScTrader✔Web/Android/iOSDeposit and Withdrawal MyFundedFX accepts payments via credit card and cryptocurrency for deposits and withdrawals. After making a profit, traders can apply for a withdrawal once every 5 to 14 days, with a minimum withdrawal amount of $50.