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Topic: MY FOREX FUNDS REVIEW

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MY FOREX FUNDS REVIEW
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My Forex Funds was established in 2020 as a prop trading firm based in Toronto, Canada. Among all the companies that offer funding services to traders, this is probably the one that has grown the most in the last year (2021), reaching more than 80,000 traders from about 150 different countries.To get more news about my forex funds review, you can visit wikifx.com official website.

One feature that makes it stand out from the competition is its versatility, as it offers 3 different funding programmes, which can be adapted to different trader profiles, and one of them does not even require evaluation and you manage a real funded trading account from the start.
The profit split is another reason why so many traders have decided to work with this firm, and is that the benefits of these can reach up to 85% of profits managing (in the best case) an account of up to $2,020,000.

Currently My Forex Funds has 3 funding programs available, all with a single payment, i.e. no monthly payments, you pay only once for access to the program or evaluation in the case that corresponds.
For example, none of the 3 programmes restrict the way and methods of trading, nor the size of trades, nor the time of trades, even allowing trades to be left open from one day to the next or from one week to the next.

Another common rule is the 5% Maximum Daily Drawdown and 12% Maximum Overall Drawdown.

My Forex Funds Rapid accounts allow traders to get profits from day one, without having to go through the evaluation process, as this account itself is a kind of evaluation, a demo account, which allows the firm to evaluate the trader over a period of 3 months, to see if he/she has the necessary skills to trade a live funded account.

The My Forex Funds Evaluation account is designed for semi-professional traders who need more capital to move to the next level. In this account, the trader must go through a two-stage process with certain requirements.

In the case of My Forex Funds Accelerated, its third programme, the prop firm offers the possibility for the trader who opts for this account with no evaluation process or challenge and start trading from day one with a live funded account. A package designed for professional traders with experience in the financial markets but who do not want to take the risk of losing their own money.
IS MYFOREXFUNDS RELIABLE?
My Forex Funds is a proprietary trading firm that does not need regulations (according to them), since the capital it offers to its traders is its own and they are not brokers or financial agents.

This coupled with the fact that it is a relatively young prop firm, with only two years in business (at the time of writing), creates a bit of mistrust in some of its clients.

However, this has not stopped the brutal growth it had last year 2022 and is having this year 2023.

Taking into account some opinions of users of this firm, and proof of payment shown by some of them, we can affirm that at least for now it is not a fraudulent prop trading firm that only charges for the evaluations and then does not pay the profits you get.

It is for all the above reasons that, before deciding whether you want to be a funded trader by My Forex Funds, we recommend you to analyze each aspect of this review carefully in order to make a decision.
WHAT ARE THE USER REVIEWS OF MY FOREX FUNDS?
As mentioned above, My Forex Funds has experienced a rapid growth in 2021, 2022 and so far in 2023, and with this also the amount of opinions and comments from its users, reaching more than 2800 reviews on Trustpilot and a few dozen on Forex Peace Army.

But not only that, the average score of this proprietary trading firm is indisputably high, reaching 4.8 on Trustpilot, a very positive number considering the number of ratings.



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