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MyFundedFX offers traders five different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm’s capital, meaning that they will cover all losses.
MyFundedFX is a proprietary trading firm with the legal name MyFunded Solutions, LLC, which was incorporated in June 2022. They are located in Dallas, Texas, and are being managed by CEO Matthew Leech. MyFundedFX provides traders with the opportunity to choose between five account types, two two-step evaluations, two one-step evaluations, and a three-step evaluation while being partnered with Purple Trading Seychelles and Quality FX Ltd as their brokers.
MyFundedFX headquarters are located at 100 Crescent Court Suite 700 Dallas, TX 75201, United States.
Matthew Leech is the founder of MyFundedFX, who is a prosperous entrepreneur in the financial and tech services sectors, as well as a skilled trader in forex, options, stocks, and cryptocurrencies. Since 2018, he has been actively involved in trading and currently holds the position of CEO in MyFundedFX, along with several other ventures.
Matt’s motivation for launching MyFundedFX stemmed from recognizing a gap in the industry. Often, proprietary trading firms prioritize developing programs that neglect the needs of individual traders. However, with MyFundedFX, the primary focus is on educating traders and facilitating their path to securing funding. Matt and the entire team are deeply committed to this objective, consistently strengthening the foundational skills required to become a funded trader.
MyFundedFX is a proprietary trading firm that was incorporated in June 2022. They have a large community of traders who have reached funded status and successfully qualify for a profit split.
While working with MyFundedFX and reaching funded status with the Two-step Challenge, Two-step Max Challenge, or One-step Challenge, you will be eligible to receive your first payout after 7 calendar days. However, after your first payout, you will also be eligible to receive payouts if you exceed your initial account size every 7 calendar days. Your profit split will consist of a generous 80% up to 92.75% based on the profit that you have generated on your funded account.
However, while working with MyFundedFX and reaching funded status with the One-step Max Challenge, you will be eligible to receive your first payout on day one if you manage to generate a profit. However, after your first payout, you will also be eligible to receive payouts if you exceed the initial account size on demand. Your profit split will consist of a generous 80% based on the profit that you have generated on your funded account.
And lastly, while working with MyFundedFX and reaching funded status with the Three-step Challenge, you will be eligible to receive your first payout after only 5 calendar days. However, after your first payout, you will also be eligible to receive payouts if you exceed the initial account size every 5 calendar days. Your profit split will consist of a generous 80% based on the profit that you have generated on your funded account.
When it comes to MyFundedFX payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof of MyFundedFX is their Discord and YouTube channels, where you can find numerous payout certificates of the most successful traders.
Examples of Payout Certificates and Payment Proof can be seen in the images below.
In conclusion, MyFundedFX is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between five funding programs: the Two-step Challenge and Two-step Max Challenge, which are a two-step evaluations, the One-step Challenge and One-step Max Challenge, which are a one-step evaluations, and the Three-step Challenge, which is a three-step evaluation.
MyFundedFX’s Two-step Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% up to 92.75% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 8% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to have a minimum of 3 profitable trading days in each evaluation phase. Finally, it’s essential to note that the Two-step Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
MyFundedFX’s Two-step Max Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% up to 92.75% profit splits. Traders must reach profit targets of 10% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow in phase one and a 4% maximum daily and 8% maximum loss rules to follow in phase 2 and once funded. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to have a minimum of 3 profitable trading days in each evaluation phase. Finally, it’s essential to note that the Two-step Max Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
MyFundedFX’s One-step Challenge is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% up to 92.75% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 6% maximum trailing loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during phase one. However, you are required to have a minimum of 3 profitable trading days during the evaluation phase. Finally, it’s essential to note that the One-step Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
MyFundedFX’s One-step Max Challenge is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach a profit target of 8% to become successfully funded. These are realistic trading objectives, considering you have a 2% maximum daily (Soft breach) and 8% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during both evaluation phases. However, you have a maximum daily gain limitation of 2%. Finally, it’s essential to note that the One-step Max Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
MyFundedFX’s Three-step Challenge is a three-step evaluation that requires the completion of three phases before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach a 6% profit target in each evaluation phase to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 8% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during all three evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Three-step Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
I would recommend MyFundedFX to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with special features, such as drawdown scaling, an unlimited trading period, no minimum trading day requirements, first withdrawal after only 7 or 14 calendar days, and weekly or bi-weekly future payouts, depending on the challenge. After considering everything MyFundedFX has to offer to traders all across the globe, they can undoubtedly be regarded as one of the industry-leading prop firms.
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