some commonly asked questions
Why join my forex funds?
Our program enables traders to trade without risking their own capital. Traders are rewarded for the profits they make on simulated accounts (that is how we mitigate risk/loss) while fine tuning their skills in the process.
Should I Know How to Trade?
Short answer is Yes! Our program requires our traders to practice risk management and it must be followed at all times. One must have basic knowledge of trading in order to be successful.
Any challenges? exams?
No – there are no challenges, or verification or “prove yourself” time periods. We understand your time is money, and one must not waste it going through endless hurdles to get paid. With us, you can earn from day one!
How Do I Start Trading?
Signing up is easy. Simply go to accounts page, pick an account size that fits your trading style and liking along with broker and leverage. Complete your registration by paying the fees associated with the account. You will hear back within 24 hours!
Frequently Asked questions
Would we trade for you? Manage your funds?
No, we are not in capital management business neither do we recommend them. Word of caution: Please be careful using so called “Account Managers”. One should learn and trade for themselves.
I just got my trading account details? What now?
Once you receive your account credentials (or even before), we urge you to go through our program guidelines. Ensure that you understand them before placing your first trade. Once you go through them, you are ready to take your first trade!
How often should I trade? When should I trade?
Traders in our program can trade as often and when they want. We do not have any limits on number of trades or restrictions on time slots. That being said, one must remain consistent while trading (i.e. if you are placing 2-5 trades each day, you cannot suddenly place 20 traders without being flagged)
How and when do I receive my payment?
Getting paid with My Forex Funds is very easy and fast! We will get in touch with you 24-48 hours before the pay date (which you will receive in your introductory email) and confirm the method that you would like to receive your payment in. Our backend office automatically calculates the details so you do not have to submit any paper work or documentation!
Two Ways to Earn - EE & FE?
Traders in our program have the potential to start earning from day one. These are refer to as Expertise Earnings (EE). Once you receive/earn 10% of your original account size, you will be given a live account to trade, from which you can earn Funded Earnings (FE). You can trade both accounts simultaneously as well! Download a brief summary of these account here!
Can I Automate My Trading? Use Signals?
A trader is NOT allowed to use EA and automated trading tools/bots. All trades must be executed by you, as a trader on your MFF account directly.
Signal usage is discouraged as we would like our traders to be self sufficient (imagine what happens when the signal provider stops? goes missing?). However, using signals will not incur any violation.
Is there any start up cost to join My Forex Funds?
Yes! You have to pay a nominal fee to register and obtain your account details. These fees ensure all traders take our program and accounts seriously. It also enforces one to use proper trading techniques and risk management methodologies while trading.
How does the bi-weekly payment work?
What products can I trade?
You as a trader are fully in control of your trading account. You can trade all products that your broker offers. In addition to forex pairs, you can also trade cryptocurrencies, indices, metals, etc.
Hedging? Overnight? Over the weekend?
As mentioned before, you are completely in control of your account. Our traders are allowed to hedge, hold trades overnight and over the weekend. That being said, please be mindful of the uncertainty above brings and ensure you are following best trading and risk management practices.
Broker and/or connectivity issues?
Once your account is provisioned with a selected broker, we can only monitor the trading behavior on it. Server/connectivity issues with the broker are not our responsibility. Always use proper risk management and exit strategies to ensure a temporary connectivity issue does not wipe out your account (as you should be doing for all trades anyways)
Demo or Real Account?
All of our traders start on a demo (simulated) account trading in live markets and making REAL profits. This is our way of risk management. Live account is given to all traders once they have accumated 10% of account value. See program details for more details.