If you want to learn more about our program rules please click on the relevant page rules below.
Daily drawdown is 5% of the starting equity or balance of the day every 5:00pm EST.
Daily drawdown is NOT fixed 5% of initial starting balance.
For example:
If your starting equity is $103,000 but your starting balance is $100,000 then the daily drawdown will be based on your starting equity because it is higher. 5% x $103,000 = $5,150. Your account balance/equity cannot go below $103,000 – $5,150 = $97,850 for the day.
If your starting equity is $95,000 but your starting balance is $97,000 then the daily drawdown will be based on your starting balance because it is higher. 5% x $97,000 = $4,850. Your account balance/equity cannot go below $97,000 – $4,850 = $92,150 for the day.
MyForexFunds is owned and operated by Traders Global Group Incorporated. And that MT4/MT5 is operating under Traders Global Group Incorporated, with registration number 1264617-0 and having its registered office at 9131 Keele Street, Vaughan, Ontario, ON L4K 2N, Canada.
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.
Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
