Traders Union Experts Publish My Forex Funds Review For Prop Trading
My Forex Funds review provides information on three financing plans, including a quick start program with a live account. My Forex Funds’ clients can use funds received from the firm to trade CFDs on currency pairs, metals, oil, stock indices, and cryptocurrencies. MetaTrader 4 and MetaTrader 5 are available for trading with leverage and tight spreads. The use of bots and advisors is allowed, but algorithmic programs for high-frequency trading are prohibited.
What are the conditions for working with My Forex Funds?
The funding amount ranges from $5,000 to $2,000,000. Traders’ profit split is up to 85%, while VIP clients receive up to 90%. If clients trade profitably for 30 days but fail to reach the target profit, they can have two free extensions of up to 14 days each. Yet, the company does not accept overly aggressive trading strategies, so traders need to pay close attention to risk management.
The firm has a client-oriented approach and strives to provide traders with the best service. Thus, My Forex Funds allows its clients to use an extensive list of strategies. However, it prohibits arbitrage trading, high-frequency trading, and gap trading. The firm increases the account balance by 30% of the initial amount for those traders who traded a plus for four months and received a 10% profit within two of them.
Best Prop Trading Firms 2023
In addition to My Forex Funds, there are many prop trading firms in the market. Traders Union compiled a list of prop trading firms, which includes:
- Topstep;
- Funded Next;
- Fidelcrest;
- SurgeTrader;
- E8 Funding;
- The5ers;
- Earn2Trade;
- Elite Trader Funding;
- Lux Trading Firm;
- Glow Node, and others.
Each of these firms has its own features and is suitable for different categories of traders.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans, and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: Traders Union
Contact Person: Peter Halt
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Country: Cyprus
Website: https://tradersunion.com/
