MyFundedFX is making major changes to its trading policies after receiving extensive feedback from its community.
MyFundedFX is making major changes to its trading policies after receiving extensive feedback from its community.
MyFundedFX is making major changes to its trading policies after receiving extensive feedback from its community. The firm has decided to scrap its previously implemented consistency rule, which had been a source of frustration for many traders. This move is effective immediately, allowing traders to access their funds and submit withdrawal requests starting today.
Also, alongside the removal of the consistency rule, MyFundedFX is restoring payout frequencies for funded accounts to their former schedules. This adjustment aims to improve cash flow and provide traders with quicker access to their earnings.
The firm is also overhauling leverage limits across all trading platforms and account types. New leverage ratios are set at 30:1 for Forex, 10:1 for indices and commodities, and 2:1 for cryptocurrencies. This shift in leverage policy is designed to address high-risk trading behaviors and align with new regulatory standards for CFD leverage. By tightening leverage, MyFundedFX hopes to minimize risky trading strategies and discourage malicious activities such as reverse trading and hedging.
Also, these changes reflect MyFundedFX’s commitment to fostering a more balanced and fair trading environment. The firm anticipates that the updated leverage limits will lead to more consistent trading practices and higher pass rates in challenge phases. By responding to trader concerns and adapting to regulatory requirements, MyFundedFX aims to enhance the overall trading experience and maintain its reputation as a reliable prop trading firm.
In summary, these policy adjustments signify a notable shift in MyFundedFX’s approach, prioritizing trader satisfaction and regulatory compliance while aiming to create a more stable and flexible trading atmosphere.
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