MyFundedFX

Overview:

MyFundedFX is a cutting-edge proprietary firm that was founded in June 2022 and has its headquarters in the United States. It provides its traders with the opportunity to consolidate their accounts up to $300,000, as well as a scaling plan to increase their balances even further.

The company has established partnerships with leading brokers, with Eightcap being their broker of choice. MyFundedFX is located at 100 Crescent Court, Suite 700, Dallas, Texas 75201, United States.

Who are MyFundedFX?

MyFundedFX is a unique proprietary firm, established in June 2022, with its operational hub situated in the United States. This innovative company presents traders with an exciting opportunity to pool their resources, allowing them to merge their trading accounts up to a substantial sum of $300,000. What sets MyFundedFX apart is their additional scaling plan, which empowers traders to boost their account balances even further.

In their pursuit of excellence, MyFundedFX has forged partnerships with prominent brokers, Eightcap and ThinkMarkets, to ensure traders have access to top-notch trading platforms and resources. These alliances enhance the overall trading experience, providing traders with the tools they need to thrive in the dynamic world of financial markets.

For those interested in getting in touch or visiting their offices, you can find MyFundedFX headquarters at 100 Crescent Court Suite 700, Dallas, TX 75201, United States. MyFundedFX is more than just a trading platform; it’s a gateway to potentially lucrative opportunities in the financial markets.

Who is the CEO of MyFundedFX?

MyFundedFX is led by CEO Matthew Leech, a successful entrepreneur and seasoned trader in forex, options, stocks, and cryptocurrencies. Matthew founded the company in 2018 with a unique vision – to prioritize trader education and support on the path to securing funding. Under his leadership, MyFundedFX is committed to empowering traders by strengthening their foundational skills, setting it apart in the industry.

Why You Should Consider MyFundedFX :

Capital Allocation: MyFundedFX provides traders with allocated capital, allowing them to trade without risking their own funds. This enables traders to participate in the financial markets with substantial resources that may otherwise be inaccessible to them.

Multiple Trading Instruments: Traders at MyFundedFX can engage in trading various instruments, including currency pairs, stocks, commodities, and indices. This broad range of options allows traders to diversify their portfolios and explore different markets based on their strategies and preferences.

Trading Platforms: MyFundedFX offers access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely recognized for their user-friendly interfaces, advanced charting tools, and customizable features, catering to both novice and experienced traders.

Flexible Profit Sharing: MyFundedFX implements a profit-sharing system where traders receive a percentage of the profits they generate. The exact profit split varies based on the trader’s experience, performance, and the specific account type they are enrolled in.

Steps To Get Funded (2 Steps):

Imagine having the opportunity to secure funding for your trading ambitions within a single day. Sounds incredible, right? Well, with MyFundedFx, it’s not just a dream—it’s a reality!

This innovative prop firm offers not one but two exciting funding models: the 1-Step Funding and the 2-Step Funding Challenge. Let’s delve into the details and discover how you can kickstart your trading journey quickly.

1-Step Funding: Speed Meets Simplicity

If you’re an impatient trader, the 1 Step Funding option is tailor-made for you. Here’s the deal: you have unlimited time to achieve a 10% profit target. But that’s not all—your drawdown limit is a mere 6%, with a maximum daily loss capped at 4%.

This option is thrilling because you only need to trade for a single day to unlock your funding opportunity. Yes, you read that right—one winning trade can pave the way to your funded prop firm trading account!

2-Step Funding: Master the Challenge

For those who prefer a more traditional approach, the 2 Step Funding process will pique your interest. This model aligns with the funding options you may have encountered in the industry. 

It consists of two phases, each with similar trading criteria. In phase 1, your objective is to net an 8% profit on your trading account while adhering to drawdown rules.

Once you conquer Phase 1, it’s time to tackle Phase 2, where you aim for a 5% profit target. The best part? You have unlimited time to complete these two phases, although you could achieve them in a beautiful two days with just two trades if you’re bold!

MyFundedFx Scaling Plan

Experience the power of capital scaling with MyFundedFx. Their straightforward approach allows traders to enjoy a 25% increase in trading capital every three months. 

Simply achieve a net profit of 12% or more within that period, and you’re eligible for the boost. Contact their support team, and they will promptly fund your account with the additional capital. It’s that easy.

MyFundedFx’s scaling plan opens up a world of possibilities for traders. Expand your resources and reach new financial heights with each successive quarter. 

Whether you’re a seasoned trader or a passionate newcomer, MyFundedFx’s capital scaling plan is your gateway to enhanced trading potential. 

Trading Instruments with MyFundedFX

MyFundedFX offers an exciting array of trading instruments that allow traders to explore various financial markets and diversify their investment portfolios. With up to 1:100 leverage, MyFundedFX empowers traders to seize opportunities in the world of forex, commodities, indices, and cryptocurrencies.

Forex Pairs: MyFundedFX provides access to a wide range of currency pairs, allowing traders to speculate on the fluctuating exchange rates of major and minor currencies. Whether you’re interested in EUR/USD, GBP/JPY, or AUD/CAD, you can engage in the dynamic forex market with confidence.

Commodities: Commodities like gold, oil, and silver are fundamental to the global economy. MyFundedFX enables traders to participate in this market, capitalizing on price movements driven by supply and demand dynamics, geopolitical events, and economic factors.

Indices: For those looking to invest in entire markets rather than individual assets, MyFundedFX offers access to a variety of indices. Trade on the performance of stock market indices such as the S&P 500, NASDAQ, or FTSE 100, and benefit from diversification across multiple companies within these markets.

Cryptocurrencies: Cryptocurrencies have gained immense popularity as a new asset class. MyFundedFX lets you trade cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Take advantage of the volatility and potential for significant price movements in the crypto space.

With MyFundedFX’s leverage of up to 1:100, you can amplify your trading power. However, it’s important to remember that while leverage can magnify profits, it also increases the risk of losses, so trade responsibly and manage your risk effectively.

Trading fees

Trading commission:

Comparison Between MyFundedFX and Other Prop Trading Firms

When comparing MyFundedFX to other prominent prop trading firms, it becomes evident that MyFundedFX stands out in several ways. They offer a unique approach to funding traders, characterized by three distinct funding programs, each catering to different trading preferences. Additionally, their trading rules are more relaxed compared to many industry leaders, allowing for greater flexibility in trading strategies.

Example of comparison between MyFundedFX & FundedNext

Example of comparison between MyFundedFX & E8 Funding

In contrast to some other firms, MyFundedFX also provides a standard two-step evaluation challenge. In this program, traders must complete two phases before qualifying for payouts. The profit target is divided into 8% in phase one and 5% in phase two, with maximum daily and loss limits set at 5% and 8%, respectively. Similar to the one-step challenge, traders enjoy the freedom of unlimited trading days during the evaluation period and can take advantage of the scaling plan offered. This approach is ideal for those who may prefer a slower but steadier path to securing funding.

Payment Proof

MyFundedFX officially become a company in June of 2022. Your initial withdrawal will be made within 14 days of receiving a live-funded account. After then, payments to traders will still be made every two weeks.

There is a wealth of evidence of successful payouts posted in the “Payout proof” area of the MyFundedFX Discord channel.

MyfundedFX offers traders an opportunity to access substantial trading capital and profit-sharing arrangements. With a diverse range of trading instruments and user-friendly platforms, it aims to cater to the needs of both novice and experienced traders.

User Reviews

On Trustpilot, they have 615 evaluations from users and an impressive 4.8 average rating out of five stars.

They also provide a prompt and dependable customer service team that can answer any questions you may have. If you have any kind of issue, they will assist you and point you in the right direction so that you can fix it.

Subscription & Profit Withdrawal Methods

Well, MyFundedFX’s Refundable Registration Fee starts from $50 and ends at $950.

It offers a variety of convenient withdrawal methods, including:

Bank Transfer: Transfer funds directly from your bank account to your MyFundedFX trading account.

Deel Card: Enjoy the convenience of a dedicated Deel card for hassle-free deposits and withdrawals.

Coinbase: Deposit and withdraw funds using the secure Coinbase platform, ideal for cryptocurrency users.

PayPal: Utilize the trusted PayPal system for fast and secure transactions.

Payoneer: Seamlessly transfers funds using the global payment platform, Payoneer.

Revolut: Benefit from fast and cost-effective money transfers through the digital banking alternative, Revolut.

Wise: Formerly TransferWise, Wise offers reliable and transparent international money transfers with competitive exchange rates.

Choose the method that suits your needs and experience seamless management of your trading funds with MyFundedFX.

Brokers That Are Used By MyFundedFX

MyFundedFX utilizes Eightcap and ThinkMarkets as their brokers. Eightcap is a registered broker regulated by the Australian Securities and Investments Commission.


ThinkMarkets, with offices in London and Melbourne, offers its proprietary trading platform, ThinkTrader, along with industry-standard platforms like MetaTrader 4 and 5.

Customer Support at MyFundedFX

When it comes to addressing your queries or seeking assistance at MyFundedFX, you’re in good hands. The company values your satisfaction and provides multiple avenues to ensure you have a smooth experience.

First and foremost, check out MyFundedFX’s FAQ page. It’s a treasure trove of information that might just have the answers you’re looking for. Whether it’s questions about trading strategies, account management, or any other aspect of their proprietary trading firm, this resource can be incredibly handy.

If you’re looking for a more direct and personalized approach, their support team is readily available. You can reach out to them through their social media channels, and they’re known for their prompt responses. It’s a great way to connect with fellow traders and tap into a community that shares your interests.

For those who prefer a more traditional route, you can contact MyFundedFX via email at support@Myfundedfx.com. Whether you have a specific issue to address or just need some general information, their email support team is there to assist you.

Final Thoughts

It is crucial to note that trading in financial markets involves inherent risks, and past performance is not indicative of future results. The decision to engage with MyFundedFX or any prop trading firm should be based on careful consideration of one’s financial situation, risk tolerance, and understanding of the associated risks. It is advisable to seek independent financial advice before entering into any trading arrangement.