My Funded FX Forex Trading
My Funded FX provides Indian traders with an innovative platform to showcase their forex trading skills through simulated challenges. This unique approach allows aspiring traders to prove their abilities without risking personal capital. The company offers a range of simulated account sizes and challenge programs tailored to different experience levels and trading styles.
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Simulated Trading Challenges
My Funded FX’s core offering revolves around its simulated trading challenges. These programs are designed to evaluate a trader’s performance in a risk-free environment. Indian participants can choose from multiple challenge types, each with specific profit targets and risk parameters. The challenges simulate real market conditions, allowing traders to demonstrate their strategies and risk management skills.
- 1-Step Challenge: 10% profit target, 4% daily loss limit
• 2-Step Challenge: 8% profit target (Step 1), 5% profit target (Step 2)
• 2-Step Max Challenge: 10% profit target (Step 1), 5% profit target (Step 2)
• 3-Step Challenge: 6% profit target for all three steps
Virtual Account Sizes and Funding
My Funded FX offers Indian traders a range of virtual account sizes to suit different trading styles and experience levels. Upon successful completion of a challenge, traders gain access to a live simulated account with substantial virtual capital.
Account Size | Challenge Fee (USD) | Daily Loss Limit | Max Loss Limit |
$10,000 | 70 | 4% | 8% |
$25,000 | 150 | 4% | 8% |
$50,000 | 250 | 4% | 8% |
$100,000 | 450 | 4% | 8% |
Trading Platforms and Assets
MyFundedFX provides Indian traders with access to advanced trading platforms, ensuring a seamless and efficient trading experience. The company offers two primary platforms: DXtrade and Match-Trader. Both platforms come equipped with a comprehensive set of technical analysis tools, multiple chart types, and real-time market data feeds.
Available Trading Instruments
Indian traders on MyFundedFX can access a diverse range of over 175 trading instruments across multiple asset classes:
- Forex pairs (major, minor, and exotic)
- Indices (global stock market indices)
- Commodities (precious metals, energy products)
- Cryptocurrencies (major digital assets)
Profit Sharing and Payout Structure
My Funded FX implements an attractive profit-sharing model for successful Indian traders. Upon passing the challenges and transitioning to a live simulated account, traders can benefit from up to 80% of the profits generated. This structure incentivizes consistent performance and aligns the interests of traders with the company.
Profit Range | Trader’s Share | Company’s Share |
0-10% | 80% | 20% |
10-20% | 85% | 15% |
20%+ | 90% | 10% |
Scaling Plan for Growth
MyFundedFX offers a scaling plan to reward consistent performance and encourage long-term growth for Indian traders. This program allows successful traders to increase their account sizes over time, providing opportunities for larger profits and enhanced trading capabilities.
Scaling Plan Requirements
To qualify for account scaling, Indian traders must meet the following criteria:
- Achieve a 12% or higher total net simulated gain
• Maintain the account for a minimum of 90 days
• Request scaling after the 90-day period
VIP Program Benefits
My Funded FX recognizes and rewards its top-performing Indian traders through an exclusive VIP program. This tiered system offers enhanced benefits and trading conditions based on consistent performance and longevity with the platform.
VIP Tier | Withdrawals | Daily Drawdown | Max Loss | Profit Split |
Tier 1 | Weekly | 4% | 6% | 80% |
Tier 2 | Anytime | 5% | 9% | 90% |
Tier 3 | Anytime | 6% | 12% | 92.75% |
Educational Resources and Community
My Funded FX provides Indian traders with a wealth of educational resources to support their trading journey. The company maintains an active YouTube channel featuring trader interviews, platform tutorials, and strategy discussions. Additionally, My Funded FX hosts a vibrant Discord community where traders can interact, share insights, and receive support.
Community Engagement
The My Funded FX community for Indian traders includes:
- 114,000+ Discord members
• Regular trading competitions and events
• Live webinars and Q&A sessions with successful traders
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Security and Compliance
My Funded FX prioritizes the security and compliance of its operations for Indian traders. The company utilizes advanced encryption technologies to protect user data and financial information. My Funded FX is registered in Hong Kong and Cyprus, adhering to the regulatory requirements of these jurisdictions.
Getting Started with MyFundedFX
Indian traders can begin their journey with My Funded FX by following a straightforward process. This includes creating an account, selecting a challenge program, completing the payment, and receiving account credentials. The company provides detailed guidelines and support throughout the onboarding process to ensure a smooth start for every trader.
FAQ:
My Funded FX does not impose a minimum trading period for its challenges. Traders can complete the challenges in as little as one day, provided they meet the profit targets and adhere to the risk parameters.
 My Funded FX allows the use of expert advisors and automated trading systems, subject to certain conditions. However, the company prohibits the use of arbitrage strategies, latency exploitation, and other manipulative trading practices.
Payout frequency depends on the trader’s status. Regular traders can request payouts every 14 calendar days, while VIP traders may have more frequent payout options, including weekly or anytime withdrawals for higher tiers.
