Our Forex Funded Account Evaluation program is built for FOREX traders to prove their skills. Semi-professional traders in need of capital to move to the next level of their career, have the opportunity to show their talent and reach their goals in a quick, two phase process and join our FOREX Prop Firm and become a funded trader.
Our evaluation program is a two-step process where a potential Funded trader can prove their FOREX, CFD or commodities trading skills. Like our rapid trading accounts, evaluation trading account sizes range from $10k to $200k with profit-split payouts occurring once a month on the first month and then bi-weekly from that point on. A trader can have up to 600k in capital from evaluation accounts but only 300k per trading account.
Through the MyForexFunds evaluation trading account process, we hope to identify serious FOREX Prop Firm traders who display the trading skills required to be successful with a FOREX Prop Firm. Stay consistent, accurate and maintain proper trading risk management skills and we will reward you. Prove your worth and jump to a funded account in as little as 10 days. Or take it easy and pass within 90 days. Its’ up to you!
Don’t like Evaluations?
Skip the process with our Funded FOREX Accelerated program
6 points to remember
You must not have a 5% drawdown based on your balance or equity (whichever is higher) on your FOREX trading account within a 24 hour period starting at 5pm EST.
Your FOREX trading account must not go down by 12% (realized/unrealized) to balance or equity.
Always remember:
Drawdown % = [1 - (lowest equity or balance for the day) / (starting equity or balance for the day) ] X 100
You need to reach the profit target of 8% without breaching any of the other rules within a 30-calendar day period. Your time starts when you open your first trade on your FOREX trading account.
If you successfully complete phase 1, you will need to start on phase 2, where you are required to reach a profit target of 5% without a breach of any of the other rules within a 60 calendar day period. Your time starts when you open your first trade on your FOREX trading account
You must trade a minimum of 5 trading days to pass the Prop Firm evaluation. This shows us your ability to be patient and your FOREX trading habits, enabling us to profile your style and skills.
Trade your FOREX Prop firm account your way, your size, your time. We do not limit the way you can trade. We do recommend that you maintain consistency and focus on risk management as it is important for long term success. Be aware of all rules before starting.
Get paid up to 85% of profits you earn when you reach the funded account stage
At just 8% for phase 1 and 5% for phase 2 we are the most competitive option in the market
We offer our programs at a reasonable cost with the highest of quality. Our programs won’t break your budget.
In profit but didn’t reach the target? No problem, if you are consistent we can extend your evaluation period of phase 1 if you need a little time. If you aren’t consistent, we have unlimited free retakes for the traders who finish the 30 days in profit with no breaches
Trade news, hold trades over weekends, scalp, swing, trend. Its up to you! Pick your product whether it be FOREX, Metals, CFD's or crypto and make the trades that you prefer.
If you reach your first payout of your live account you will receive a full refund plus your profit split!
You are paid 75% of your profit after the first month of trading. In your second month you are paid 80% of your profit bi-weekly. On the third month you will receive 85% of your profit bi-weekly from that point onwards. Profit-sharing is paid out using bank transfer, paypal, transferwise or cryptocurrency.
$5,000
$10,000
$20,000
$50,000
$100,000
$200,000
Target
% Target profit in each phase needed to proceed to the next phase
Phase I – Evaluation Phase = 8%
Phase II – Establishment Phase = 5%
Minimum Trading Days
A trader must enter or execute a trade for 5 days within 30 calendar days. First trade will be counted from the day first trade is placed. There are no maximum limits to this rule.
5 days
Daily Starting Drawdown
A trader must not loose more then 5% of daily starting equity. Drawdown % = [1 - (lowest equity for the day) / (starting equity for the day) ] X 100.A trader will have more drawdown if the account is in positive and less if it is in negative
$250
$500
$1,000
$2,500
$5,000
$10,000
Overall Drawdown
A trader must not loose more then 12% of starting equity. This number is static and does not follow the equity of the account.
$600
$1,200
$2,400
$6,000
$12,000
$24,000
Available Leverage
All accounts have 1:100 leverage in evaluation and live phase
1:100
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$49
$84
$139
$299
$499
$979
Monthly Fees
There are No Monthly Fees for Evaluation Model
No Monthly Fees
$300,000
Target
% Target profit in each phase needed to proceed to the next phase
Phase I – Evaluation Phase = 8%
Phase II – Establishment Phase = 5%
Minimum Trading Days
A trader must enter or execute a trade for 5 days within 30 calendar days. First trade will be counted from the day first trade is placed. There are no maximum limits to this rule.
5 days
Daily Starting Drawdown
A trader must not loose more then 5% of daily starting equity. Drawdown % = [1 - (lowest equity for the day) / (starting equity for the day) ] X 100.A trader will have more drawdown if the account is in positive and less if it is in negative
$15,000
Overall Drawdown
A trader must not loose more then 12% of starting equity. This number is static and does not follow the equity of the account.
$36,000
Available Leverage
All accounts have 1:100 leverage in evaluation and live phase
1:100
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$1,389
Monthly Fees
There are No Monthly Fees for Evaluation Model
No Monthly Fees
$5,000
Target
% Target profit in each phase needed to proceed to the next phase
Phase I – Evaluation Phase = 8%
Phase II – Establishment Phase = 5%
Minimum Trading Days
A trader must enter or execute a trade once a day for 10 days within 30 calender days. First day will be counted from the day first trade is placed. There are no maximum limits to this rule
5 days
Daily Starting Drawdown
A trader must not loose more then 5% of daily starting equity. Drawdown % = [1 - (lowest equity for the day) / (starting equity for the day) ] X 100.A trader will have more drawdown if the account is in positive and less if it is in negative
$250
Overall Drawdown
A trader must not loose more than 12% of starting equity. This number is static and does not follow the equity of the account.
$600
Available Leverage
All accounts have 1:100 leverage in evaluation and live phase
1:100
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$49
Monthly Fees
There are No Monthly Fees for Evaluation Model
No Monthly Fees
$10,000
Target
% Target profit in each phase needed to proceed to the next phase
Phase I – Evaluation Phase = 8%
Phase II – Establishment Phase = 5%
Minimum Trading Days
A trader must enter or execute a trade once a day for 10 days within 30 calender days. First day will be counted from the day first trade is placed. There are no maximum limits to this rule
5 days
Daily Starting Drawdown
A trader must not loose more then 5% of daily starting equity. Drawdown % = [1 - (lowest equity for the day) / (starting equity for the day) ] X 100.A trader will have more drawdown if the account is in positive and less if it is in negative
$500
Overall Drawdown
A trader must not loose more than 12% of starting equity. This number is static and does not follow the equity of the account.
$1,200
Available Leverage
All accounts have 1:100 leverage in evaluation and live phase
1:100
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$84
Monthly Fees
There are No Monthly Fees for Evaluation Model
No Monthly Fees
$20,000
Target
% Target profit in each phase needed to proceed to the next phase
Phase I – Evaluation Phase = 8%
Phase II – Establishment Phase = 5%
Minimum Trading Days
A trader must enter or execute a trade once a day for 10 days within 30 calender days. First day will be counted from the day first trade is placed. There are no maximum limits to this rule
5 days
Daily Starting Drawdown
A trader must not loose more then 5% of daily starting equity. Drawdown % = [1 - (lowest equity for the day) / (starting equity for the day) ] X 100.A trader will have more drawdown if the account is in positive and less if it is in negative
$1,000
Overall Drawdown
A trader must not loose more than 12% of starting equity. This number is static and does not follow the equity of the account.
$2,400
Available Leverage
All accounts have 1:100 leverage in evaluation and live phase
1:100
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$139
Monthly Fees
There are No Monthly Fees for Evaluation Model
No Monthly Fees
$50,000
Target
% Target profit in each phase needed to proceed to the next phase
Phase I – Evaluation Phase = 8%
Phase II – Establishment Phase = 5%
Minimum Trading Days
A trader must enter or execute a trade once a day for 10 days within 30 calender days. First day will be counted from the day first trade is placed. There are no maximum limits to this rule
5 days
Daily Starting Drawdown
A trader must not loose more then 5% of daily starting equity. Drawdown % = [1 - (lowest equity for the day) / (starting equity for the day) ] X 100.A trader will have more drawdown if the account is in positive and less if it is in negative
$2,500
Overall Drawdown
A trader must not loose more than 12% of starting equity. This number is static and does not follow the equity of the account.
$6,000
Available Leverage
All accounts have 1:100 leverage in evaluation and live phase
1:100
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$299
Monthly Fees
There are No Monthly Fees for Evaluation Model
No Monthly Fees
$100,000
Target
% Target profit in each phase needed to proceed to the next phase
Phase I – Evaluation Phase = 8%
Phase II – Establishment Phase = 5%
Minimum Trading Days
A trader must enter or execute a trade once a day for 10 days within 30 calender days. First day will be counted from the day first trade is placed. There are no maximum limits to this rule
5 days
Daily Starting Drawdown
A trader must not loose more then 5% of daily starting equity. Drawdown % = [1 - (lowest equity for the day) / (starting equity for the day) ] X 100.A trader will have more drawdown if the account is in positive and less if it is in negative
$5,000
Overall Drawdown
A trader must not loose more than 12% of starting equity. This number is static and does not follow the equity of the account.
$12,000
Available Leverage
All accounts have 1:100 leverage in evaluation and live phase
1:100
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$499
Monthly Fees
There are No Monthly Fees for Evaluation Model
No Monthly Fees
$200,000
Target
% Target profit in each phase needed to proceed to the next phase
Phase I – Evaluation Phase = 8%
Phase II – Establishment Phase = 5%
Minimum Trading Days
A trader must enter or execute a trade once a day for 10 days within 30 calender days. First day will be counted from the day first trade is placed. There are no maximum limits to this rule
5 days
Daily Starting Drawdown
A trader must not loose more then 5% of daily starting equity. Drawdown % = [1 - (lowest equity for the day) / (starting equity for the day) ] X 100.A trader will have more drawdown if the account is in positive and less if it is in negative
$10,000
Overall Drawdown
A trader must not loose more than 12% of starting equity. This number is static and does not follow the equity of the account.
$24,000
Available Leverage
All accounts have 1:100 leverage in evaluation and live phase
1:100
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$979
Monthly Fees
There are No Monthly Fees for Evaluation Model
No Monthly Fees
$300,000
Target
% Target profit in each phase needed to proceed to the next phase
Phase I – Evaluation Phase = 8%
Phase II – Establishment Phase = 5%
Minimum Trading Days
A trader must enter or execute a trade once a day for 10 days within 30 calender days. First day will be counted from the day first trade is placed. There are no maximum limits to this rule
5 days
Daily Starting Drawdown
A trader must not loose more then 5% of daily starting equity. Drawdown % = [1 - (lowest equity for the day) / (starting equity for the day) ] X 100.A trader will have more drawdown if the account is in positive and less if it is in negative
$15,000
Overall Drawdown
A trader must not loose more than 12% of starting equity. This number is static and does not follow the equity of the account.
$36,000
Available Leverage
All accounts have 1:100 leverage in evaluation and live phase
1:100
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$1,389
Monthly Fees
There are No Monthly Fees for Evaluation Model
No Monthly Fees
MyForexFunds does not directly solicit customers from Canada. People who register for our programs do so at their own volition. MyForexFunds does not take into consideration your personal financial situation. If you require financial advice, it is recommended that you speak to a financial adviser or licensed professional. MyForexFunds does not act as or conduct services as a broker. MyForexFunds does not act as or conduct services as a custodian.
Purchases of programs should not be considered deposits. All program fees are used for operation costs including, but not limited to, staff, technology and other business related expenses.
