MyFundedFX tests their traders’ potential with a task of passing a one-step or two-step evaluation challenge, where they are given a demo account with virtual funds to trade, while they monitor their performance.
MyFundedFX’s challenge program aims to provide traders with an opportunity to engage in trading activities without risking their own capital. Skilled traders who generate profits while utilizing MyFundedFX’s funds are rewarded with a percentage of those profits. They provide you with the flexibility to trade according to your own strategies while also taking on the responsibility of covering any potential losses. Matthew Leech, a successful entrepreneur with expertise in financial and tech services, is the founder of MyFundedFX. He is an experienced trader in the forex, options, stock, and crypto industries, actively engaging in trading since 2018.
Company Details of MyFundedFX
MyFundedFX is a proprietary trading firm that was established in June 2022 with offices located in Texas, United States. This company is led by Matthew Leech. MyFundedFX presents traders with an opportunity to engage in three distinct funding programs, offering initial account sizes of up to $300,000. Traders are provided trading accounts through ThinkMarkets or Blueberry Markets broker. As for trading platforms, traders have the flexibility to choose between MetaTrader 4 or MetaTrader 5 based on their preferences.
Type of Funding Programs
MyFundedFX offers three different funding programs to traders all around the world:
Normal Two-step Challenge
| Account Size | Price |
|---|---|
| $5,000 | $50 |
| $10,000 | $100 |
| $25,000 | $200 |
| $50,000 | $300 |
| $100,000 | $500 |
| $200,000 | $950 |
| $300,000 | $1,399 |
| Trading Objective | Trading Objective Value |
|---|---|
| Profit Target of Phase 1 | 8% |
| Profit Target of Phase 2 | 5% |
| Daily Drawdown | 5% (Can Scale up to 8%) |
| Maximum Drawdown | 8% (Can Scale up to 14%) |
| Minimum Trading Days | No Minimum Trading Day Requirements |
| Maximum Trading Period | No Time Limit in Phase 1 No Time Limit in Phase 2 |
| Leverage | 1:100 |
| Profit Share | 80% – 92.75% |
Pro Two-step Challenge
| Account Size | Price |
|---|---|
| $5,000 | $70 |
| $10,000 | $135 |
| $25,000 | $250 |
| $50,000 | $375 |
| $100,000 | $575 |
| $200,000 | $1,100 |
| $300,000 | $1,600 |
| Trading Objective | Trading Objective Value |
|---|---|
| Profit Target of Phase 1 | 8% |
| Profit Target of Phase 2 | 5% |
| Daily Drawdown | 5% (Can Scale up to 8%) |
| Maximum Drawdown | 10% (Can Scale up to 14%) |
| Minimum Trading Days | No Minimum Trading Day Requirements |
| Maximum Trading Period | No Time Limit in Phase 1 No Time Limit in Phase 2 |
| Leverage | 1:100 |
| Profit Share | 80% – 92.75% |
One-step Challenge
| Account Size | Price |
|---|---|
| $5,000 | $50 |
| $10,000 | $100 |
| $25,000 | $200 |
| $50,000 | $300 |
| $100,000 | $500 |
| $200,000 | $950 |
| $300,000 | $1,399 |
| Trading Objective | Trading Objective Value |
|---|---|
| Profit Target | 10% |
| Daily Drawdown | 4% (Can Scale up to 6%) |
| Maximum Trailing Drawdown | 6% (Can Scale up to 12%) |
| Minimum Trading Days | No Minimum Trading Day Requirements |
| Maximum Trading Period | No Time Limit |
| Leverage | 1:100 |
| Profit Share | 80% – 92.75% |
Customer Support
| Live Chat | ✔️ |
| support@Myfundedfx.com | |
| Telephone | ❌ |
| FAQ | FAQ Section |
Trustpilot Rating
MyFundedFX can also be found on Trustpilot, where their community has awarded them an excellent rating. With 1,13105 comments from their satisfied users, MyFundedFX maintains an overall rating of 4.7 out of 5. Notably, an impressive 90% of the community members have rated their services with a maximum of five stars.
Where To Find MyFundedFX?
MyFundedFX can be found on various social media platforms.
Conclusion
In conclusion, MyFundedFX is a reputable proprietary trading firm providing traders with the flexibility to select from three funding programs: Normal Two-step, Pro Two-step, and One-step funding programs, based on their individual preferences. Notably, they have collected an excellent Trustpilot rating of 4.7/5, reflecting the positive feedback from their community. In addition, MyFundedFX can also be found across various social media platforms, allowing you to follow them and stay informed about their latest updates. After carefully evaluating all aspects of its offerings, MyFundedFX can be considered one of the best proprietary trading firms in the industry.
