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Overview of MV Funded Prop Firm!!
TheTrustedProp
Date: July 23, 2024
MV Funded, legally known as MVFunded Ltd, is a prominent proprietary trading firm based in Cyprus. With its innovative approach and commitment to providing top-tier trading support, MV Funded aims to empower traders worldwide by offering a unique and professional trading environment.
Introduction to MV Funded's Unique Offerings
MV Funded stands out in the industry due to its unique offerings, which include an unlimited time limit for challenges, a high leverage ratio, and a generous profit split. The firm is dedicated to supporting traders at every step, from initial evaluation to becoming fully funded professionals.
Company Background
Legal Name and Registration Details
MV Funded operates under the legal name MVFunded Ltd. The company is registered under the number HE 461715 and is headquartered at Sofouli, 2, Chanteclair Building, 6th Floor, Office 602, 1096, Nicosia, Cyprus. Registered in Cyprus, MV Funded adheres to the regulatory standards and compliance requirements of its jurisdiction, ensuring a secure and transparent trading environment.
MV Funded Challenge
Challenge Structure
The MV Funded challenge is designed to evaluate and support traders through a straightforward and rewarding process. There is only one type of challenge, making it easy for traders to understand and pursue their goals.
Profit Targets
- Phase 1: Traders must achieve a profit target of 10%.
- Phase 2: The profit target is reduced to 5%, allowing traders to focus on consistent performance.
Time Limit and Trading Rules
- Unlimited Time: Traders can take as long as they need to complete the challenge, removing the pressure of a ticking clock.
- Daily Loss Limit: Set at 5%, this rule helps traders manage their risk on a daily basis.
- Max Drawdown: The maximum drawdown allowed is 10%, ensuring traders maintain overall risk control.
Gains Split and Leverage
- Gains Split: Traders receive up to 80% of the profits, providing substantial rewards for their efforts.
- Leverage: A leverage ratio of 100:1 is available, giving traders significant buying power.
Minimum Trading Days
Traders are required to trade for a minimum of 4 days, ensuring that their performance is consistent and not based on a few lucky trades.
Trading Restrictions and Allowances
- Stoploss: Not required, giving traders flexibility in their strategies.
- EAs: Trade management EAs are allowed, but execution EAs are prohibited to maintain fairness.
- News Trading: Permitted, allowing traders to take advantage of market-moving events.
- Consistency: Traders must demonstrate consistency in their trading to qualify for funding.
Available Account Sizes
MV Funded offers a range of account sizes to cater to different trading needs and levels of experience:
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
Pro Conditions
Overview of Pro Conditions
MV Funded provides professional conditions that are designed to support traders in achieving their goals. These conditions include access to substantial funding, professional guidance, and a supportive trading environment.
Benefits of Pro Conditions
- $100K in Funding: Traders can access up to $100,000 in trading capital.
- 190+ Countries Supported: MV Funded supports traders from over 190 countries, providing global opportunities.
- No Time Limit: Traders have unlimited time to complete their challenges.
- 99% Trading Uptime: Reliable trading platforms ensure minimal downtime and continuous trading opportunities.
Joining MV Funded
Steps to Join:-
Choose Account
Select from a range of account sizes, from $5,000 to $100,000, to match your trading goals and experience level.
Pass Challenge
Sign up and receive instant credentials for Phase 1 and Phase 2. With no downtime, you can start trading immediately when market conditions are optimal.
Get Funded
Upon passing the challenge, you join the ranks of MV Funded's elite traders and gain access to substantial trading capital.
Immediate Credentials
Traders receive their credentials instantly upon purchasing an account, allowing them to start trading without delay. After completing Phase 1, they receive their Phase 2 logins immediately.
No Time Limit for Completion
MV Funded understands that life can be unpredictable. Therefore, there is no time limit for completing the challenge, giving traders the flexibility to balance their trading with other commitments.
Realistic Targets
The profit targets at MV Funded are set to be achievable and realistic. This approach ensures that traders can focus on developing their skills and proving their consistency.
Professional Guidance
The MV Funded team consists of seasoned industry professionals who provide expert guidance and support. This ensures that traders have the resources they need to succeed.
Platform and Technology
Trading Platform
MT5 Powered by MarketsVox
MV Funded uses the MetaTrader 5 (MT5) platform, powered by MarketsVox, a fully licensed and regulated CFD broker. MT5 is renowned for its robust features and user-friendly interface, making it a preferred choice for traders worldwide.
Technical Specifications
99% Trading Uptime
MV Funded ensures that traders have access to the platform with a 99% trading uptime, minimizing disruptions and maximizing trading opportunities.
Payment Methods
MV Funded offers a variety of payment methods to accommodate traders from different regions and preferences:
- Crypto: Payments can be made via popular cryptocurrencies like Bitcoin and Ethereum.
- Bank Transfers: Direct bank transfers are available for convenience.
- MarketsVox Wallet: Traders can withdraw funds directly to their MarketsVox wallet, facilitating immediate trading.
Detailed Rules and Regulations
EA Policy
MV Funded allows trade management EAs but prohibits execution EAs to ensure fair and transparent trading conditions. Prohibited EAs include high-frequency trading, news scalping, arbitrage, multi-account reverse trading, tick scalping, and EAs designed to abuse demo servers. Traders using third-party EAs must ensure compliance with MV Funded's policies.
Inactivity Clause
To keep an account active, traders must place at least one 0.01 lot trade every 30 days. Accounts that remain inactive for more than 30 days are archived.
Violating Challenge Rules
Traders must adhere to the daily drawdown and maximum drawdown rules to avoid account termination. Violations of these rules result in account termination and failure of the challenge.
Payout Process
Requesting Payout
Traders can request a payout upon achieving profits. The process is straightforward and designed to ensure traders receive their earnings promptly.
Processing Time
Payout requests are processed swiftly, with most transactions completed within a few business days.
Payment Options
Traders can choose from various payment options, including crypto, bank transfers, and withdrawal to the MarketsVox wallet, providing flexibility and convenience.
Customer Support
Contact Information
MV Funded is committed to providing excellent customer support. Traders can reach out to the support team via email at [email protected] for assistance with any queries or issues.
Conclusion
MV Funded provides a comprehensive and supportive environment for traders, offering unlimited time for challenges, realistic profit targets, and professional guidance. With its robust trading platform and favorable conditions, MV Funded is an excellent choice for traders looking to take their skills to the next level.
FAQs
Is there a time limit to complete the MV Funded challenge?
No, there is no time limit, allowing traders to progress at their own pace.
What is the consistency rule at MV Funded?
Traders must demonstrate consistent performance to qualify for funding, ensuring sustainable trading practices.
Are EAs allowed in MV Funded challenges?
Trade management EAs are allowed, but execution EAs are prohibited to maintain fair trading conditions.
What happens if my account remains inactive?
Accounts inactive for more than 30 days are archived. To keep an account active, place at least one 0.01 lot trade every 30 days.
What are the consequences of violating the challenge rules?
Violations of the daily drawdown or maximum drawdown rules result in account termination and failure of the challenge.
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