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.
Perhaps you’re already a pro?
Take our evaluation and get more, faster!
6 points to remember
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.
Always remember:
Drawdown % = [1 - (lowest equity or balance for the day) / (starting equity or balance for the day) ] X 100
Your account must not go down by 12% (realized/unrealized) to balance or equity.
For example:
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).
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!
6 points to remember
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.
Trade your favorite products to kick-start your career! There are over 100 instruments available to trade and earn.
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!
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!
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!
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.
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.
$10,000
$20,000
$50,000
$100,000
Target
Rapid model does not have any targets to qualify traders for bonus. A trader will make 12% of all profits made on the account.
No Targets – You get paid 12% of the profits you earn in your account
Minimum Trading Days
A trader must enter or execute a trade once a day for 3 days a week. There are no maximum limits to this rule
3 times per week
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
$1,000
$2,500
$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.
$1,200
$2,400
$6,000
$12,000
Available Leverage
A trader may choose leverages from 1:50 to 1:500 on simulated accounts.
1:500
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$99
$189
$399
$749
Monthly Fees
Monthly fees are due at the end of each month. First monthly fees will be due at the end of first month.
No Monthly Fees
$10,000
Target
Rapid model does not have any targets to qualify traders for bonus. A trader will make 12% of all profits made on the account.
No Targets – You get paid 12% of the profits you earn in your account
Minimum Trading Days
A trader must enter or execute a trade once a day for 3 days a week. There are no maximum limits to this rule
3 times per week
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
A trader may choose leverages from 1:50 to 1:500 on simulated accounts.
1:500
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$99
Monthly Fees
Monthly fees are due at the end of each month. First monthly fees will be due at the end of first month.
No Monthly Fees
$20,000
Target
Rapid model does not have any targets to qualify traders for bonus. A trader will make 12% of all profits made on the account.
No Targets – You get paid 12% of the profits you earn in your account
Minimum Trading Days
A trader must enter or execute a trade once a day for 3 days a week. There are no maximum limits to this rule
3 times per week
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
A trader may choose leverages from 1:50 to 1:500 on simulated accounts.
1:500
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$189
Monthly Fees
Monthly fees are due at the end of each month. First monthly fees will be due at the end of first month.
No Monthly Fees
$50,000
Target
Rapid model does not have any targets to qualify traders for bonus. A trader will make 12% of all profits made on the account.
No Targets – You get paid 12% of the profits you earn in your account
Minimum Trading Days
A trader must enter or execute a trade once a day for 3 days a week. There are no maximum limits to this rule
3 times per week
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
A trader may choose leverages from 1:50 to 1:500 on simulated accounts.
1:500
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$399
Monthly Fees
Monthly fees are due at the end of each month. First monthly fees will be due at the end of first month.
No Monthly Fees
$100,000
Target
Rapid model does not have any targets to qualify traders for bonus. A trader will make 12% of all profits made on the account.
No Targets – You get paid 12% of the profits you earn in your account
Minimum Trading Days
A trader must enter or execute a trade once a day for 3 days a week. There are no maximum limits to this rule
3 times per week
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
A trader may choose leverages from 1:50 to 1:500 on simulated accounts.
1:500
Refundable Registration Fee
All fees are refunded with your first live withdrawal of live account
$749
Monthly Fees
Monthly fees are due at the end of each month. First monthly fees will be due at the end of first month.
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.
