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My Forex Fund Review (Pros and Cons Unveiled)

In the realm of proprietary trading, where precision and performance matter the most, My Forex Fund emerges as a true beacon of excellence. Established in 2020, this proprietary trading firm has swiftly carved a niche for itself, captivating traders with its specialized offerings tailored exclusively for those who seek to excel in the dynamic world of trading.

My Forex Funds Prop Firm

Contents

My Forex Funds Offerings

My Forex Funds is no ordinary trading platform. Their offerings stand out due to their distinct and lucrative funding programs, and the seamless trading experience they provide. The platform comes with a variety of funding options, providing a chance for traders to get into the game with capital ranging from $50,000 up to a staggering $2,000,000, a truly remarkable leap. But the true appeal lies in their profit sharing scheme, where traders can earn up to an impressive 90% of the profits they generate.

My Forex Funds CEO

Founded in 2020 under the visionary leadership of Murtuza Kazmi, My Forex Funds has its roots in the bustling city of Toronto, Canada. Kazmi’s commitment to creating a platform that caters to both seasoned traders and those new to the scene is evident in the company’s ethos. Their partnership with the Frankfurt-based Traders Global Group adds a layer of reliability, assuring traders that they’re in good hands.

My Forex Funds Programs

What sets My Forex Funds apart is their range of tailored programs, ensuring that traders of all levels find their perfect fit. Let’s dive into the three distinct programs:

1. Rapid Program Accounts

This program aims to identify a trader’s potential over a three-month period, even offering an exceptional 12% extra profit rewards during the demo phase. The flexibility of trading with leverage of up to 1:500, coupled with the absence of profit objectives, gives traders room to breathe. The emphasis on adhering to manageable loss regulations while ensuring a minimum of three trading days a week ensures stability.

DID YOU KNOW: Traders can now protect their account from losing trade using AvaProtect. This complete unique advantage gives traders full protection against losses on any trade position of up to one million dollars. AvaProtect gives traders the ability to trade events without fear of unpredictable market movements. You will gain this unprecedented advantage when you sign-up with AvaTrade. From there, you can choose protection periods of 1, 3, 6, or 12 hours as well as 1- to 2-day periods. Profit when the market goes in your direction, and if the market moves against you, AvaTrade will pay back your losses! Protect your funds from runaway loses, make bigger trades - you can just undo it. No download is needed, no API needed, all you need is to sign- up with avatrade, fund your account with a minimum of $100, select AvaProtect from your dashboard and choose protection period anytime you want to open a trade. If market moves against you, AvaProtect will pay back your losses direct to your account balance. AvaProtect will reimburse you in full for any loss you may incur during the protected time period up to a million dollar! Never fear volatility - when you have AvaProtect. Get your money back!

Protect Your Trades Now

My Forex Funds Rapid Program

2. Evaluation Program Accounts

For those seeking recognition for their consistency, the Evaluation Program is a path worth considering. With a structured two-phase assessment, this program tests a trader’s mettle. The focus on profit targets and controlled losses, all while trading with leverage of up to 1:100, allows traders to learn and evolve. The pay-out structure and phased approach towards profit splits as traders progress are notable highlights.

My Forex Funds Evaluation Program

3. Accelerated Program Accounts

Offering both conventional and emphatic options, the Accelerated Program embraces the flexibility that many traders seek. With no maximum daily loss cap, this program enables trading without constraints. The absence of rigid deadlines and the possibility to scale accounts under specific profit thresholds make this an appealing choice.

My Forex Funds Accelerated Program

The Verdict

My Forex Fund shines as a paragon of tailored excellence. This isn’t just about trading—it’s about a partnership that leverages your potential. Uniting a trader-friendly ethos with a potent profit-sharing framework, My Forex Fund ensures that your journey as a proprietary trader is both rewarding and enriching.

So, if you’re an aspiring or seasoned proprietary trader, seeking an avenue that understands your ambitions and nurtures your growth, look no further. My Forex Fund stands as a testament to the power of partnership, where your success is at the heart of their mission.

My Forex Funds Prop Firm

64 USD
8.5

Platform and Features

8.8/10

Funding Challenges

8.8/10

Pricing

8.0/10

Pros

  • Substantial funding ranging from $50,000 up to an impressive $2,000,000.
  • Excellent profit sharing model
  • Caters to a wide range of traders
  • Flexible trading rules
  • Transparent evaluation pathway

Cons

  • Limited educational resources
  • Limited operational history

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