At MyForexFunds we pride ourselves on not changing the goalpost when it comes to our values, rules, and our services, after all, it’s easier to be successful when you know what your goals are. We have always tried to keep our rules and terms of service trader friendly due to which thousands of traders are able to withdraw millions of dollars each week.
Unfortunately, due to the abuse of rules by certain groups and to ensure that we encourage genuine traders, we have to now implement a new policy for a minimum withdrawal.
As of 1st January 2023, a trader qualifies for a payout and refund only if they have made $50 in profit on a 5k, 10k, and 20k account, $100 in profit on a 50k to 100k account, and $150 on a 200K to 300K account. This policy stands only for the Evaluation accounts.
We understand that this may be inconvenient for some of our traders, but please understand that the processing costs involved with disbursing payouts to our traders are substantial, and the only way MFF will have a chance to cover them and ensure genuine traders are being paid is by implementing this new rule.
As we have said before the prop trading industry is built to provide traders with funding. Users who are just trading to get their refund and then going all in are a risk to our companies’ capital and a problem not just for MFF but for all the traders who rely on our services.
We look forward to a prosperous 2023 with our traders and hope your trading career takes a giant leap forward with MyForexFunds.
The MyForexFunds Team