MyFundedFX, officially known as MyFunded Capital (HK) Ltd, is a proprietary trading firm registered in Hong Kong at Suite 1601, 16/F., AXA Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon. Led by CEO Matt Leech and established in 2022, MyFundedFX offers traders the opportunity to manage significant trading capital without risking their own funds. The firm provides up to $600,000 in live simulated funds, allowing traders to retain 80% of the profits.
MyFundedFX offers three types of challenges: the Two-Step Normal Challenge, the Two-Step Pro Challenge, and the One-Step Challenge. Each challenge caters to different trading styles and skill levels. The Two-Step Normal Challenge involves two phases: Phase 1 requires an 8% profit target with a 5% maximum daily loss and an 8% maximum initial account balance loss, while Phase 2 has a 5% profit target with the same loss limits. Both phases offer unlimited trading days and 100:1 leverage. Account sizes range from $5,000 to $300,000.
The Two-Step Pro Challenge also consists of two phases, with Phase 1 requiring an 8% profit target and Phase 2 a 5% profit target. Both phases have a 5% maximum daily loss and a 10% maximum initial account balance loss, with 50:1 leverage. Like the normal challenge, it offers unlimited trading days, with account sizes ranging from $5,000 to $300,000.
The One-Step Challenge is simpler, requiring a 10% profit target with a 4% maximum daily loss and a 6% maximum trailing loss. This challenge also provides unlimited trading days and 100:1 leverage, with account sizes from $5,000 to $300,000.
MyFundedFX allows traders to use any trading style, including scalping, hedging, swing trading, and strategies like martingale and grid trading. The firm supports trading over 175 assets, including Forex, indices, cryptocurrencies, and commodities. There are no restrictions on trading styles or instruments, giving traders the freedom to trade as they wish.
The firm also offers a scaling plan, increasing account balances by 25% every three months for traders who achieve a 12% profit within 90 days. This allows traders to potentially manage accounts up to $1.5 million. MyFundedFX permits news trading but advises caution due to market volatility during news events.
For those who use automated systems, MyFundedFX allows the use of Expert Advisors (EAs) on all accounts and phases, with specific restrictions to ensure fair trading. High-frequency trading EAs, news scalping EAs, and arbitrage EAs are prohibited. Copy trading is allowed from accounts you own, ensuring transparency and authenticity in trading activities.
MyFundedFX does not impose maximum or minimum trading days, allowing traders to complete their challenges at their own pace. The firm aims to provide a supportive environment where traders can develop their skills and earn substantial profits without risking their own money. With its flexible trading rules, diverse asset offerings, and generous profit-sharing model, MyFundedFX stands out as a premier choice for traders seeking to elevate their trading careers. Join MyFundedFX today and unlock your potential as a professional trader.
