Introduction
Even though My Forex Funds didn’t launch until 2020, they’re already making waves in the industry because they pay out loans of up to $50,000 quickly and without any problems. They also provide a performance test with no daily drawdown cap, and if you pass it, you might get up to $2 million in trading capital and 85% of your profits. If you’re considering signing up with them, remember they welcome traders of all skill levels.
Who are My Forex Funds?
Murtuza Kazmi launched My Forex Funds Review, a proprietary trading firm, in July 2020. They report to him as CEO. Their headquarters are in the Canadian city of Toronto. Three different account kinds, up to $2,020,000 in investment, and the opportunity to work with a profit split of up to 90% are all made available to low-capital traders. The Traders Global Group is their broker, headquartered in Frankfurt, Germany.
My Forex Funds puts a premium on producing quality work from its traders. They expect their customers to be disciplined and skilled at risk management, and they place a premium on long-term security. You can entrust them with up to $2,020,000 in cash and let them keep 90% of what they make. Cryptocurrency, stock, commodity, and currency pair trading can all help achieve this goal.
My Forex Funds Review; Is it a top forex trading?
My Forex Funds Review is a reliable proprietary trading company offering its clients three distinct funding plans: Instant, Evaluation, and Accelerated.
Fast programs strive to determine what they can do before allowing a trader to trade with real money for three months. The Rapid Programme Account is great since it offers extra profit benefits of 12% even when dealing in a virtual environment. You can earn up to 80% of the profits using efficient software.
To be sponsored and eligible for profit sharing, evaluation programs must complete a two-stage, industry-standard evaluation challenge. Potential $64.35 purchasers must earn 8% in the first and 5% in the second phases before becoming eligible for a loan. These targets are reasonable given that you can lose at most 5% per trading day and 12% in total. Increase your customer base and keep as much as 90 per cent of the revenue from review programs.
You can start trading with a funded account and earn weekly profit splits in an accelerated program immediately without waiting for the assessment period to end. In addition, there are no strict regulations to adhere to regarding timing, quantity, or quality. You can expand your customer base using more efficient software and keep half the proceeds.
Regardless of prior experience, any competent trader can benefit from using My Forex Funds. Expert traders can choose between evaluation programs with a two-step evaluation or expedited procedures, and both types of traders can start making money every week if they trade properly. When all is considered, My Forex Funds is undeniably among the finest prop firms around.
My Forex Funds Review; Pros & Cons
Pros:
- The first deposit into the active account is refundable at 112%.
- Gains of up to 85% of Your Initial Investment Immediately.
- Costs and spreads that work for you.
- Using hedging, EAs, photocopiers, and other risk management instruments is possible.
- Even as news is breaking, trading can continue.
Cons:
- There are no free demos or trial periods available.
- Slippage Having to wait in line for assistance is an issue.
Improvements; My Forex Funds Review
My Forex Funds may be among the industry’s leading private companies, but it has room for improvement. After working with them for a while, I’ve identified areas where they can improve. If they properly plan and organize, they can use their present market share as a guide.
Workspace
A trader may incorrectly assume that their company or organization needs a dedicated office space. When we originally looked into My Forex Funds, we thought it was likewise operated out of a single headquarters. However, we were informed by support that this is different. The logical conclusion is that their services and support will suffer because they are remote workers. The sections that follow will elaborate on this topic. However, as a leading Forex proprietary firm, My Forex Funds should have a physical location. As business people, this will do wonders for their standing and development.
Applications and hardware
The lack of helpful applications and tools was the most annoying aspect of My Forex Funds. Unfortunately, neither their website nor dashboard featured useful tools such as a pip calculator, lot size calculator, margin calculator, swap calculator, or currency converter. We’re all aware of the significance of these resources, but utilizing them required us to navigate away from this page and perform some time-consuming calculations on third-party websites. In addition, while up-and-coming firms like E8 Funding provide apps for their traders, well-known firm My Forex Funds does not. There’s always the risk of losing customers to competitors, so I hope they take action.
All-Night-Long Availability of Customer Service
My Forex Funds’ Singapore-based customer support also has a significant wait time and is closed around the clock. We’ve already shown that not having a centralized workspace can be detrimental in several ways; providing excellent customer service is certainly among them. It would be difficult for a business to expand if it didn’t care about its customers.
Conclusion
My Forex Funds Review is a reliable proprietary trading company offering its clients three distinct funding plans: Instant, Evaluation, and Accelerated. Fast programs strive to determine what they can do before allowing a trader to trade with real money for three months. The Rapid Programme Account is great since it offers extra profit benefits of 12% even when dealing in a virtual environment. You can earn up to 80% of the profits using efficient software.
My Forex Funds Review may be among the industry’s leading private companies, but it has room for improvement. After working with them for a while, I’ve identified areas where they can improve. If they properly plan and organize, they can use their present market share as a guide.
Read more: https://bitcryptoforex.com/forex/my-forex-funds-strategies-for-success/
