Company Information

• Company Name: MV Funded Ltd
• Company Legal Name: HE 461715
• Company Registration No.: HE 461715
• Operating Since: 28 October
• CEO Name: Joe Roeder

Challenge Details

MV Funded provides a single evaluation program called the Pro Evaluation, here are the details :-

Pricing

• $5,000 Account: $49
• $10,000 Account: $99
• $25,000 Account: $199
• $50,000 Account: $299
• $100,000 Account: $499

Rules

Evaluation Phase

• Profit Target (Phase 1): 10%
• Profit Target (Phase 2): 5%
• Total Loss Limit: 10%
• Daily Loss Limit: 5%
• Profit Share: 80%
• Drawdown Type: Balance-Based Drawdown
• Time Limit: No time limit
• Leverage: 1:100
• Max Lot Size: No lot limit
• Payout Frequency: Every 15 days
• Allows Copy Trading: No
• Minimum Trading Days:
  • Evaluation Phase: 2 days
  • Funded Phase: 4 days

Scaling Plan

MV Funded does not offer any scaling plan at this moment.

Spreads and News Trading Rules

Spreads

MV Funded has not mentioned the exact spreads applied on their platform but they have partnered with MarketVox broker to provide tight spreads

News Trading Rules

MV Funded allow traders to trade during news but traders are not allowed to trade 2 minutes before and after a high impact news event and 2:59 minutes/seconds after scheduled RED news is released.

• Consequences :
  • Profits from trades executed during the restricted window will be removed.
  • The account remains active, as this is not a hard breach.

Other Important Rules

Daily Drawdown Calculation

MV Funded calculates Daily drawdown based on the equity at any moment of the day. The drawdown type used here is Equity based drawdown which means the drawdown limit will increase or decrease as the account balance grows or shrinks.

Countries Banned from Purchasing

MV Funded cannot provide services to individuals from countries restricted by regulatory and compliance guidelines. The banned countries include:

OFAC Restricted Countries

Traders can check the OFAC Restricted Countries list here - https://ofac.treasury.gov/sanctions-programs-and-country-information

FATF Restricted Countries

• Democratic People's Republic of Korea (DPRK), Iran, Myanmar, Bulgaria, Burkina Faso, Cameroon, Croatia, Democratic Republic of Congo, Haiti, Kenya, Mali, Mozambique, Namibia, Nigeria, Philippines, Senegal, South Africa, South Sudan, Syria, Tanzania, Vietnam, Yemen.

Additional Restricted Countries

• Botswana, Philippines, Indonesia, Thailand, Taiwan, Hong Kong S.A.R, Cambodia, Singapore, Macao, Brunei Darussalam, Myanmar, Korea (The Republic of), Pakistan, India, Aland Islands, American Samoa, Antarctica, Belgium, Bouvet Island, British Indian Ocean Territory, Congo, Cuba, French Southern Territories, Guam, Heard Island and McDonald Islands, Laos, Lao People's Democratic Republic, Northern Mariana Islands, Palestinian Territory Occupied, Puerto Rico, Saint Pierre and Miquelon, Saint-Barthelemy, Samoa, South Georgia, United States, United States Minor Outlying Islands, Vatican City State (Holy See), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Sint Maarten (Dutch Part).

Note: The restricted country list is updated regularly to align with compliance requirements.

Gambling Rules

Traders who trade with the sole intent to gamble during volatile market periods is prohibited. Such behavior can lead to account termination.

Prohibited Trading Strategies

MV Funded prohibits various trading activities to maintain fairness and compliance. The following practices are strictly forbidden:

1. Copy Trading:
   • Using market-purchased EAs for copy trading.
   • Mimicking trades of other traders across multiple accounts.
2. Hedging Rules:
   • Hedging within the same account is allowed, but cross-account hedging is not.
   • Straddling news events is prohibited.
3. High-Frequency Trading (HFT):
   • Any form of HFT is considered a violation and will result in account termination.
4. Account Management Services:
   • Purchasing or selling account management services is strictly prohibited.
5. IP Restrictions:
   • Trading from the same IP address or multiple accounts simultaneously is disallowed.
   • Changing IPs to bypass restrictions will result in account termination.

Payout Methods

MV Funded offers multiple payout options for  their traders:

• MarketsVox Wallet:
  • Traders can register and create an account at MarketsVox and withdraw their payouts in MarketVox Wallet.
• Bank Transfers
• Cryptocurrency: USDT TRC-20

Trading Commissions

MV Funded has not mentioned the exact trading commission rates on their website but they have partnered with MarketVox broker to provide competitive commissions.

IP Rules

MV Funded allow traders to trade with multiple IP Addresses but there are three main rules traders will have to keep in mind.

• 2 or more accounts or traders are not allowed to trade from the same geographical location or household and also placing the same trades.
• Traders are not allowed to trade from 2 different countries.
• Trading from the countries which are restricted on MV Funded Platform and purposefully hiding the IP Address or changing it to avoid violating rules.