4.3/5

My Funded FX

Item: My Funded FX
Rating: 4.25
Author: lastlyspokenfx.com

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*Video Review

Pros

User-Friendly Trader Dashboard: The platform offers an intuitive
dashboard that enhances trading efficiency
High Trustpilot Rating (4.3/5): Users have rated the platform highly
on Trustpilot, indicating reliability and customer satisfaction
Effective Daily Drawdown Management: Users can manage daily
losses effectively with the platform’s maximum daily drawdown
feature, promoting risk control
Flexible Leverage (up to 1:100): The platform offers flexible leverage
options, potentially amplifying profits for traders
Regular Payouts (Bi-weekly or Weekly): Traders receive consistent
payouts, ensuring a steady income stream
Diverse Funding Options: The platform provides a variety of funding
programs, catering to different user needs and preferences
Capital Protection: Users can protect their capital with the balancebased drawdown feature, minimizing potential losses
Flexible Trading Hours: Traders can hold positions overnight and over
weekends, allowing for greater trading flexibility
No Trading Day Restrictions: The platform imposes no minimum or
maximum trading day requirements, accommodating various trading
styles
Quick Initial Payouts (7 or 14 Days): Traders can receive their first
payouts promptly after completing challenges, offering immediate
rewards

Cons

High Funding Program Costs: The platform’s funding programs come
with relatively high fees, potentially reducing overall profits for traders
Low Initial Maximum Drawdown (8% on Two-step Challenge): The
initial maximum drawdown limit of 8% on the two-step challenge may
restrict trading strategies and increase the risk of failure
Trailing Drawdown on One-step Challenge: Trailing drawdown on
the one-step challenge can result in unexpected liquidations and may
adversely affect trader performance

MyFundedFX, established as a US-based entity named My Funded Solutions, LLC, in June 2022, operates from its headquarters in Dallas, Texas, under the leadership of CEO Matthew Leech. The firm presents traders with a wide range of account options, including two two-step evaluations, two one-step evaluations, and a three-step evaluation. Teaming up with ThinkMarkets and Purple Trading Seychelles as their broker partners, MyFundedFX enables trading activities without requiring traders to risk their own capital. Through its challenge programs, the firm provides traders a distinct opportunity to engage in trading while safeguarding them from potential losses, with profits distributed based on predetermined percentages.