MyForexFunds
Prop Firm

MyForexFunds is a well-established and respected forex prop firm, founded in July 2020. MyForexFunds provides three different funding programs to meet the needs of various traders. The firm has gained a reputation among traders as a reliable provider of positive trading experiences.

Pros

  • Over 6k Trustpilot reviews with an excellent score of 4.9/5
  • Direct funded account from $2,000 to $50,000
  • Trader receive account fees back +12% on the first payout
  • 2% and 4% phase bonuses with first payout
  • Unlimited evaluation free retries
  • Low fees
  • Leverage 1:50-1:500
  • Three account types
  • Profit share up to 90%

Cons

  • Slow Livechat support because of the queue

Challenges

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
30 Days
60 Days
Indefinite

-

Minimum Trading Days
5 Days
5 Days
X

-

Trading Leverage
1: 100 Maximum Leverage

-

Maximum Daily Loss
$750
$750
$750

-

Maximum Overall Loss
$1500
$1500
$1500

-

Profit Target
$1500
$750
$750

-

Refundable Fee
$99
None
Refund

-

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
30 Days
60 Days
Indefinite

-

Minimum Trading Days
5 Days
5 Days
X

-

Trading Leverage
1: 100 Maximum Leverage

-

Maximum Daily Loss
$1,250
$1,250
$1,250

-

Maximum Overall Loss
$2,500
$2,500
$2,500

-

Profit Target
$2,500
$1,250
$1,250

-

Refundable Fee
$199
None
Refund

-

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
30 Days
60 Days
Indefinite

-

Minimum Trading Days
5 Days
5 Days
X

-

Trading Leverage
1: 100 Maximum Leverage

-

Maximum Daily Loss
$2,500
$2,500
$2,500

-

Maximum Overall Loss
$5,000
$5,000
$5,000

-

Profit Target
$5,000
$2,500
$2,500

-

Refundable Fee
$299
None
Refund

-

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
30 Days
60 Days
Indefinite

-

Minimum Trading Days
5 Days
5 Days
X

-

Trading Leverage
1: 100 Maximum Leverage

-

Maximum Daily Loss
$5,000
$5,000
$5,000

-

Maximum Overall Loss
$10,000
$10,000
$10,000

-

Profit Target
$10,000
$5,000
$5,000

-

Refundable Fee
$549
None
Refund

-

Phase 1
Challenge
Phase 2
Verification
Phase 3
Funded
Trading Period
30 Days
60 Days
Indefinite

-

Minimum Trading Days
5 Days
5 Days
X

-

Trading Leverage
1: 100 Maximum Leverage

-

Maximum Daily Loss
$10,000
$10,000
$10,000

-

Maximum Overall Loss
$20,000
$20,000
$20,000

-

Profit Target
$20,000
$10,000
$10,000

-

Refundable Fee
$999
None
Refund

-

My Forex Funds is a proprietary trading firm established in July 2020 and led by CEO Murtuza Kazmi. The firm is headquartered in Toronto, Canada, and offers traders three different account types to get funded, with the opportunity to work with capital up to $2,020,000 and earn profit splits of up to 90%. They have their own broker named Traders Global Group whose servers are located in Frankfurt, Germany.

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