MyFundedFX: Why it considers trusted Prop Firm
MyFundedFX: A Trusted Forex Trading Platform for Growth-Oriented Traders
MyFundedFX, founded by Matthew Leech, a seasoned entrepreneur and trader, is a reputable forex trading platform that caters to individuals looking to explore the forex, options, stock, and crypto markets.
With years of experience in the industry, Matthew Leech, also known as MattL, has established himself as a successful trader and currently holds the position of CEO in multiple thriving businesses, including MyFundedFX and DynaProTrading. Operating out of the United States.
MyFundedFX offers a user-friendly trading experience on the popular MT4 and MT5 platforms. The platform has partnered with renowned brokers like ThinkMarkets and Blueberry Markets to ensure seamless execution and access to a wide range of financial instruments.
One of the key features of MyFundedFX is its flexible account sizes, ranging from $5,000 to $300,000. To evaluate traders’ performance, the platform has structured its evaluation process into 1 Step, 2 Step and 3 Steps.
Leverage varies across different asset classes, with currency pairs having a leverage of 1:100, indices at 1:20, metals (XAU) at 1:80, metals (XAG) at 1:25, oil at 1:40, and crypto at 1:2. For ambitious traders.
MyFundedFX offers a unique scaling plan. Traders can initiate the scaling process by achieving a total profit of 12% or more within a 90-day period. Upon meeting this milestone, the trader’s account balance is increased by 25%, providing a significant boost to their trading capital.
The maximum scaling limit is set at $1,500,000 or 5 times the initial balance, allowing successful traders to unlock substantial growth potential. For example, if a trader starts with an initial balance of $100,000, achieving a 25% increase every three months would enable them to reach $500,000, representing 5 times the initial balance. This scaling feature provides traders with an opportunity to accelerate their growth and capitalize on their trading skills.
In conclusion, MyFundedFX is a trusted forex trading platform that offers a comprehensive range of features and opportunities for growth-oriented traders. With a focus on transparency, flexibility, and scalability, the platform aims to empower traders to achieve their financial goals in the dynamic world of forex trading.
