About My Funded FX

My Funded FX is one of the most trusted prop firm in the whole prop firm space, My Funded FX was started in 2022. Based in Hong Kong My Funded FX is led by Matthew Leech. My Funded FX has already paid over 10 million dollars in just 2024. My Funded FX offer traders 5 different types of challenge accounts based on their likings and a fairly simple scaling plan with which traders can grow their account size up to $1 million.

Company Information

Company Name : My Funded FX

Company Legal Name : MyFunded Capital (HK) Ltd

Company Legal Number : 76252354

Company Address : Suite 1601, 16/F., AXA Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon, Hong Kong

CEO Name : Matthew Leech

Challenge Details:-

My Funded FX offers 5 types of challenges, 1-Step Challenge, 2-Step Challenge, 3-Step Challenge, 1-Step Max Challenge and lastly 2-Step Max Challenge.

1-Step Evaluation : 

Prices:

• $5,000 : $50
• $10,000 : $100
• $25,000 : $200
• $50,000 : $300
• $100,000 : $500
• $200,000 : $950

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 4%
• Profit Share: 80%, With Add-ons 90%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Leverage: For Forex - (1:30), For Metals, Indices, Energy - (1:10), For Crypto - (1:2)
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Days

2-Step Evaluation : 

Prices:

• $5,000 : $50
• $10,000 : $100
• $25,000 : $200
• $50,000 : $300
• $100,000 : $500

Rules:

• Profit Target(1 Phase): 8%
• Profit Target(2 Phase): 5%
• Total Loss: 8%
• Daily Loss: 5%
• Profit Share: 80%, With Add-ons 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: For Forex - (1:30), For Metals, Indices, Energy - (1:10), For Crypto - (1:2)
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Days

3-Step Evaluation : 

Prices:

• $5,000 : $70
• $10,000 : $150
• $25,000 : $225
• $50,000 : $375
• $100,000 : $570

Rules:

• Profit Target(1 Phase): 6%
• Profit Target(2 Phase): 6%
• Profit Target(3 Phase): 6%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 80%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: For Forex - (1:30), For Metals, Indices, Energy - (1:10), For Crypto - (1:2)
• Payout Frequency: 5 days
• Allows Copy Trading: Yes
• Min Trading Days: 1 Days

1-Step Max Evaluation : 

Prices:

• $5,000 : $42
• $10,000 : $80
• $25,000 : $170
• $50,000 : $240
• $100,000 : $399
• $200,000 : $799

Rules:

• Profit Target: 8%
• Max Daily profit: 2%
• Total Loss: 8%
• Daily Loss: 2%
• Profit Share: 80%, With Add-ons 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: For Forex - (1:30), For Metals, Indices, Energy - (1:10), For Crypto - (1:2)
• Payout Frequency: 7 days
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

2-Step Max Evaluation : 

Prices:

• $5,000 : $38
• $10,000 : $75
• $25,000 : $140
• $50,000 : $210
• $100,000 : $425
• $200,000 : $725

Rules:

• Profit Target(1 Phase): 10%
• Profit Target(2 Phase): 5%
• Total Loss(1 Phase): 10%
• Total Loss(2 Phase): 8%
• Daily Loss(1 Phase): 5%
• Daily Loss(2 Phase): 4%
• Profit Share: 80%, With Add-ons 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: For Forex - (1:30), For Metals, Indices, Energy - (1:10), For Crypto - (1:2)
• Payout Frequency: 14 days

Scaling Plan :-

My Funded FX also offers an easy scaling plan, in which traders can scale their account size up to $1 million.

To scale up the account, Trader must have to make at least 12% of profit in 90 days period and the account should be fresh account at the starting balance. If the trader meet this criterias, Their account size will be increased by 25% of the initial balance every 90 days.

News Trading Rules :-

Executing Trades during a News event is allowed in evaluation phases but in Live Funded accounts, Trading around news is strictly prohibited, Traders are not allowed to trade 3 minutes before and after a high impact news event or a red folder event.

If a trader has opened a swing trade for a long time then there is no restriction and they can keep holding the trade open throughout the news.

Please note that if a trader trades exactly around the news event then any profit made in that trade will be removed and the trader will get a soft breach.

Other Things to keep in mind:-

How is daily drawdown calculated :

Daily Drawdown works differently for each Challenge account.

 

For 1-Step Challenge: Daily Drawdown is Equity Based Drawdown.

For 1-Step Max Challenge: Daily Drawdown is Equity Based Drawdown.

For 2-Step Challenge: Daily Drawdown is Balance Based Drawdown.

For 2-Step Max Challenge: Daily Drawdown is Balance Based Drawdown.

For 3-Step Challenge: Daily Drawdown is Balance Based Drawdown.

Countries Banned from Purchasing :

There are few restricted countries which are not allowed to join My Funded Fx due to regulatory restrictions. 
These countries are Cuba, Iran, Lebanon, Syria, North Korea, Libya, Russia, Sudan, Somalia, South Sudan, Belarus, Myanmar, Central African Republic, Democratic Republic of Congo, Congo, Ethiopia, Iraq, Nicaragua, Venezuela, Yemen

Strategies that are not allowed :

My Funded FX allow traders to let them copy their own trades but there is still a restriction that traders are not allow to use any sort of EAs in their Platform 5.

My Funded FX has also highlighted a few Strategies that are strictly prohibited.

1. Copy Trading
2. Group Hedging
3. Reverse Trading
4. Public Account management services
5. High-Frequency Trading

Payout Methods : 

My Funded FX provides payout via 2 methods.

• Riseworks
• Crypto

Trading Commissions :

With My Funded FX, Commissions are set to $3 per lot for Forex, Metals and Oils and for Indices and Crypto there are no commissions.