About My Funded Capital

MyFundedCapital offers flexible challenges and a clear path to managing up to $100,000 in capital, with up to 90% of the profits going straight into your pocket. Let’s dive into everything this company has to offer, and why it’s a top choice for traders worldwide.

 

Company Information

Company Legal Name: MFC Technologies LLC FZ

Company Registration Number: 2312107.01

Country of Registration: United Arab Emirates (AE)

CEO: Nicolaas Gelevert

Support Email: [email protected]

Phone: +971 58 528 9939

 

Podcast

Make sure to listen to our insightful podcast featuring Nicolaas Gelevert, CEO of MyFundedCapital, where he discusses the company's mission, trading challenges, and tips for success.

 

Company Background

MFC Technologies LLC FZ is a proprietary trading firm registered in Dubai, UAE. The firm specializes in offering traders the opportunity to manage funded accounts by completing their trading challenges. With My Funded Capital, traders can access up to $100,000 in capital, with a profit split of up to 90%.

Their challenges are designed to test both the technical and psychological aspects of trading, ensuring only the best traders make it through. Traders who pass these challenges are granted access to live accounts, where they can continue trading and growing their accounts under MyFundedCapital’s umbrella.

 

Challenge Details

Types of Challenges

MyFundedCapital offers two main types of challenges:

1. One-Phase Challenge
2. Two-Phase Challenge

These challenges are structured to assess the trader's abilities in different phases, ensuring they can consistently profit while managing risks appropriately.

 

One-Phase Challenge

The One-Phase Challenge is a streamlined evaluation process that allows traders to get funded after passing just one phase. It’s a quicker way to get funded, but it requires strict adherence to trading rules.

Challenge Details

• Account Sizes & Pricing:
  • $5,000 for $59
  • $15,000 for $89
  • $25,000 for $189
  • $50,000 for $289
  • $100,000 for $469
• Profit Target:
  10% profit target to pass the challenge.
• Drawdown Type:
  Equity-Based Drawdown with a 6% maximum trailing drawdown.
• Daily Loss:
  5% of the previous day’s balance.
• Leverage:
  1:30 leverage is available on the account.
• Profit Share:
  Start with 80%, scale up to 90% based on performance.
• Time Limit:
  No maximum time limit for completing the challenge.
• Minimum Trading Days:
  5 days minimum required for completing the challenge.
• Copy Trading:
  Copy trading is not allowed.
• Payout Frequency:
  First withdrawal after 5 trading days.

 

Two-Phase Challenge

The Two-Phase Challenge requires traders to pass two separate stages before they are granted a funded account. It’s more rigorous but offers the same great opportunity once passed.

Challenge Details

• Account Sizes & Pricing:
  • $5,000 for $35
  • $15,000 for $65
  • $25,000 for $149
  • $50,000 for $249
  • $100,000 for $429
• Phase 1:
  10% profit target with a 10% equity-based drawdown.
• Phase 2:
  5% profit target with a 10% maximum drawdown.
• Daily Loss:
  5% daily loss, just like in Phase 1.
• Leverage:
  1:30 leverage available.
• Profit Share:
  Starts at 80% and scales up to 90% over time.
• Time Limit:
  No strict time limit, allowing traders to take their time to pass.
• Minimum Trading Days:
  5 days required for both Phase 1 and Phase 2.
• Payout Frequency:
  Weekly payouts after the first 5 trading days.
• Copy Trading:
  Not allowed.

 

Scaling Plan

MyFundedCapital offers a scaling plan, allowing traders to grow their accounts if they perform consistently. The specifics of the scaling plan are tied to consistent profitability and responsible risk management.

 

Spreads

Spreads are competitive and determined by GooeyTrade, the broker used by MyFundedCapital. Traders can expect tight spreads on Forex, Crypto, Indices, Commodities, and Metals.

 

News Trading Rules

Traders are allowed to trade during news events, which is often restricted by other firms. This flexibility enables traders to take advantage of volatility during major news releases.

 

Other Things to Keep in Mind

How is the Daily Drawdown Calculated?

The Daily Loss Limit is calculated based on the previous day’s balance, ensuring that traders don’t exceed a 5% loss in a single day. This limit resets every day at 5 PM EST.

Countries Banned from Purchasing

MyFundedCapital restricts traders from certain regions, including Pakistan, Vietnam, and any countries on the OFAC list.

Gambling Rules

The firm strictly prohibits gambling strategies such as Martingale, High-Frequency Trading (HFT), and Arbitrage.

Strategies That Are Not Allowed

To maintain a fair environment, traders cannot use strategies that exploit platform errors or latency. Additionally, Prohibited Trading includes insider information, arbitrage, and strategies used solely to pass the challenge but abandoned in live trading.

 

Payout Methods

Traders can withdraw their profits via:

• Wire Transfer
• Bank Transfer
• PayPal
• Crypto

 

Trading Commissions

MyFundedCapital uses RAW accounts from the broker, so traders can expect commissions on Forex and Equity CFDs, but other products do not carry commission fees.

 

IP Rules

The firm reserves the right to monitor IP usage and restricts the use of multiple IPs or VPNs for security and compliance reasons.