My Funded FX

OVERVIEW

My Funded FX, led by CEO Matthew Leech, is a United States-based proprietary trading firm that has been in business for one year. It operates on the MT4 and MT5 platforms, with ThinkMarkets and Blueberry Markets as their brokers. The firm offers a range of account sizes from $5,000 to $300,000, and has structured its evaluation process into 1 Step and 2 Step phases. For the Step 1 evaluation, My Funded FX sets a profit target of 10%. In the 2 Step Evaluation, the targets are 8% for Phase 1 and 5% for Phase 2. The maximum total drawdown varies between 6% and 10%, depending on the challenge. My Funded FX offers traders a diverse range of instruments, catering to a wide array of trading interests and strategies. The platform includes Forex trading, providing a high leverage of 1:100. For traditional asset classes, Metals trading is available, with Gold (XAU) offering a leverage of 1:80 and Silver (XAG) at 1:25. Commodities traders can engage with Oil markets at a leverage of 1:40. Additionally, Indices are offered with a leverage of 1:20, and cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH), are offered with a leverage of 1:2.

  • Forex
  • Metals
  • Commodities
  • Indices
  • Crypto (BTC, BCH, LTC & ETH)

Match Trader and cTrader

  • Currency Pairs – 1:70
  • Indices – 1:20
  • Metals (XAU) – 1:20
  • Metals (XAG) – 1:20
  • Oil – 1:10
  • Crypto – 1:2

ThinkMarkets :

  • Forex/Metals: $7 per standard lot
  • Indices/Crypto: $0 per lot

Purple Trading :

  • Buy 50 shares of AAPL, will cose you $0.75
  • Buy 200 shares of AAPL, will cost you $1
  • Forex, Oil, XPT, XPD, AU, AG: $6 per standard lot
  • Indices, Crypto: commission free

My Funded FX offers a scaling plan, which can be initiated by achieving a total profit of 12% or more. This serves as an overall gross profit and increases the account’s initial balance by 25% as the first milestone. To be eligible for scaling, traders must achieve the specified profit within a 90-day period before requesting a scale-up. Notably, traders are not required to hold their profits to become eligible for scaling. This means a trader can achieve the 12% profit milestone through a combination of monthly gains and withdrawals. Traders can request scaling every three months, providing them with regular opportunities to optimize their capital and potentially increase their profits. The maximum scaling limit is set at $1,500,000 or 5 times the initial balance, offering growth potential for successful traders. For example, with an initial balance of $100,000, and a 25% increase every three months would allow traders to reach $500,000, representing 5 times the initial balance.

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