Our Rapid account allows our traders to earn bonuses from day one while working with our FOREX and CFD’s trading prop firm and the risk management aspects that come with it
My Forex Funds Rapid account program is built to reward traders for their time while assessing the trader as they learn to trade with a demo account. The account sizes range from $10k to $100k. Bonuses are paid on a bi-weekly or monthly basis.
My Forex Funds’ Rapid program’s ultimate goal is to gain a three month snap-shot of the traders capabilities before giving them access to our live trading funds. The advantage of the Rapid program is that you are getting bonuses whilst being assessed so your time is rewarded during the first three months despite your trading being in a demo environment. There is no time limit in Rapid model.
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5% Daily Drawdown
You must not have a 5% drawdown based on your balance or equity on your account within a 24 hour period starting 00:00 server time.
Drawdown % = [1 – (lowest equity or balance for the day) / (starting equity or balance for the day) ] X 100
12% Overall Drawdown
Your account must not go down by 12% (realized/unrealized) to balance or equity.
if you have a $100,000 account, then 12% of that is $12,000. So if your account goes lower than $88,000 then your account has violated the overall drawdown rule
We have a very black and white consistency rule.
See Consistency Rule for more details.
Don’t like it? you can simply ask us to give you a NCA (non-consistency account).
3 Days / Week
A trader must enter one trade for at least 3 days a week. We call it 3 trading days a week rule.
However, if you for some reason you don’t think you can manage that due to personal, health, etc. reason – just email us! We will make sure that this doesn’t have a negative impact on your account.
You can trade any instrument available, any lot size you wish at any time.
Your payout increases over time as you grow with our company going from simulated to live account!
Rapid Program Benefits
6 points to remember
01Earn whilst you learn
Our Rapid program enables you to take your time in becoming a professional trader whilst earning along the way. Whether you are part time or full time you get rewarded for your success.
02Large product range
Trade your favorite products to kick-start your career! There are over 100 instruments available to trade and earn.
03Consistency and Non-consistency accounts!
You can choose which Rapid account type is best for you. Show us your skills with the consistency account or trade your own parameters with the non-consistency!
04No evaluations or targets
Get started without having to take any tests. Lose the stress of having to reach a time limited target and trade at your own pace!
05Low-cost entry into professional trading!
Get started at a low cost and dip your toes into what its like being a professional trader. Choose the program and fee that is right for you and upgrade as you earn!
06Take your time!
You can take your time growing and not having to worry about how many calendar days remaining in your trading. Take it slow or fast, whatever works for you.
How, When & What?
You are paid 12% of all profit you make. If you are on CEA, you will get paid on bi-weekly basis and if you are on NCA, you will get paid your bonus once per month. Bonuses can be paid out using Bank Transfer, PayPal or Cryptocurrency.
No Targets – You get paid 12% of the profits you earn in your account
3 times per week