Risk Warning: Trading financial instruments such as currency pairs, indices, metals, commodities, etc. on margin or otherwise carries a high degree of risk. Trading is not suitable for all traders and investors. Losses can exceed the initial investment. Please ensure you fully understand the risks involved in trading and take appropriate actions to manage and mitigate your risk.

my forex funds

program rules

My Forex Funds has one of the simplest program structure to follow which facilitates our traders to get funding and start earning from day one!

My Forex funds’

program rules & Guidelines

As we mentioned earlier, our rules and guidelines are the backbone of our vision and business goal. These must be followed at all times while you are trading with our program (though following them in your own trading won’t be as bad either). These rules will enable you to control your emotions and trade with risk management at the core of your plan – enabling you to be successfull and profitable in both short and long term.

Rule # 1 - Have Fun While Trading

Don’t stress. Have a plan, execute it and earn while doing so without risking any of your capital. There are specific (yet simple) parameters that you must follow in this program. We believe if you stick to them, and your strategy, you will be successful. Have fun!

RULE # 2 – Trading Frequency & Consistency

We want you to succeed and not be glued in front of your screen 24/7. That being said, you must enter a minimum of 1 trade per day for a minimum of 3 days a week. This will enable us to filter and assess your trading skills (while you earn money) and graduate the traders who are serious about trading to bigger opportunities.

As you enter one trade per day on at least 3 days a week, we want to remind you to ensure to follow risk and account management closely (see below).

Only fully executed trades will count towards this requirement. This does not mean you must open AND close a trade. If you have placed a trade and it has executed, it will count towards your daily target of 1 trade. If you do not meet the minimum trades per day requirement, your account will be flagged for violation and you will not be eligible for further payouts.

We will use your broker’s time zone to determine opening and closing of each trading day.

You must follow the minimum days a week rule regardless of your P&L. For example, if you make profit on your first trade, you cannot abruptly stop trading for that week. You must enter 3 trades on 3 different days to meet your minimum trade requirement.

Any indication of “gambling” or erratic behavior change (i.e. increase in LOT sizes, trades per day, risk per trade etc.) will result in account termination with no payment being made.

The following will apply to consisteny enabled accounts. A safe way to increase or decrease your risk parameters is to keep within +/- 200% of your average or deviation by a factor of 2. Two main KPI we use here are trades and lot size. Each week, we will take an average of mentioned KPIs and place a ceiling (avg x 2) and floor (avg / 2) for the trades. Any trades outside these parameters will raise a flag on an account and be a possible violation.

Example: 

DayTrades (#)Lots traded (#)
149
2512
339
423
Average3.58.25
Max (Avg x 2)716.5
Min (Avg / 2)1.754.125

In the above example, lots traded fall outside of our minimum based on the average based min required. This will cause a flag/violation.

Between weeks, we would like our traders to stay consistent as well. Like the rule above, we allow for a deviation by factor of 2.

For example, if week # 1, an average for number of trades and lots traded are 10. The following week, you may increase your average to 20 (avg x 2) or reduce it to 5 (avg / 2). Any more or less will be considered a violation in consistency. This calculation is only done by using the current and prior week averages. 

Any flags in above consistency rule will not cause suspensions, however trader will not be paid for that particular pay period. Furthermore, any profits made in the account will not count towards anything. For example, if a trader’s account value is at $9,500 and he/she trades in an non consitent way and brings account balance to $10,500. Not only they will not be paid, but their account value will be reset to $9,500 (or the value it was before the inconsistent trading week(s)).

If a trader is consistently falling outside of his/her trading pattern, that may raise a violation which will cause account suspension. 

If you plan to change your style and trade more aggressively or moderately, you must inform us at least 48 hours before and obtain an approval in writing from My Forex Funds.

RULE # 3 – Trading Behavior

We encourage you, the trader, to learn and earn. Refine what you know and execute your plan. Our main goal is to find talented traders that can handle our funds and trade for us – mutually benefitting both parties (you, the trader and us, the investor).

There are no rules or constraints on your trading style as long as you can be consistent in what you do throughout your pay cycles. If you provide us with a plan, you must follow it. We will still allow a deviation by factor of 2 (see Rule # 2) but anything outside of this range maybe considered a violation.

Same time hedging strategy is not allowed. If you must open trades in both directions on a single instrument (forex pair, index, metal, etc.), both trades must at least have a execution time gap of 8 hours or more.  In other words, you can not hit buy and sell at the same time.

Drastic change in lot sizes, % risk / trade and other variables will be flagged and may lead to pay suspension for that month. Constant violation may result in account termination.

As long as you have a plan and are sticking by it, you will be okay.

RULE # 4 – Account Types, Details and House Keeping

We will be providing you with login details after you sign up with us. You are not allowed to change these details under any circumstances.

Furthermore,  you are not to add or decrease any funds from your account. If we detect any changes (password, account size, etc.), we will suspend your account and cancel any profits that are to be made to you.

You have to trade yourself. You may learn from experts, but should not use any signals or bots for trading. How do we check? If we find a “magic number” on your trade, or any other indication that you have been copying trades, your account will be subject to suspension.

You accounts will be monitored for performance, analytics and to ensure all above rules are being followed. 

If your account came with any promotions with it (i.e. No Monthly Fees for Life, 2x Refresh, etc.), it will stay with you and all your associated accounts until you are active within our program. Once you leave the program (i.e. do not continue to trade), any promotions associated with you and/or your account will be lost. You may be eligible for any new promotions that are being offered at the time of your re-joining My Forex Funds.

RULE # 5 – Trader’s Earning (2 Ways to Earn!)

First way to earn (aka your Expertise Earning or “EE”) 

Consistency Enabled Account (CEA) – On an account that you sign up for – you will be paid 10% on a bi-weekly basis during your first month. If you’re successful in your first and second payout, we will increase that to, 12.5% for second month – 3rd and 4th bi-weekly payouts. After that, you will earn 15% bi-weekly – 5th payout onwards . Your earnings will depend on being successful and not committing any violations in the trading period for that month. The increase in payout percentage (i.e. 10% to 12.5% to 15%) will take place if you have two consecutive payouts. Aforementioned payouts can be as little as $1. An increase will not take place if an account is in negative balance. If a violation is made, your pay tier will reset to 10%.

No Consistency Account (NCA) – On an account that you sign up for – you will be paid 10% on monthly basis during your first month. If you’re successful in your first payout, we will increase that to 12.5% for second month and 15 for third month and onwards. Your earnings will depend on being successful and not committing any violations in the trading period for that month. The increase in payout percentage (i.e. 10% to 12.5% to 15%) will take place ONLY after you have successfully finished a month in profit. Aforementioned payouts can be as little as $1. An increase will not take place if an account is in negative balance at the end of the month. If a violation is made, your pay tier will reset to 10%.

Second way to earn (aka your Funded Earning or “FE”) – For every dollar you earn on your simulated account, we will match and put it in your trading account for up to 3.5% of your account size (i.e. Maximum of $350 allocated to Funded Account on a $10,000 account). You will be able to access this trading account when you reach 10% of the account you signed up for. The live account will be worth 10% (all funds transferred) of the original trading account size. If you have signed up for different tiers (we will use 10% of the combined tier). Minimum time that you can start trading your FE account is 3 months.

A video explaining can be found here. (coming soon)

RULE # 6 – Payout

The earnings from your accounts will be sent to you on bi-weekly basis using one of our payment methods. These include, but are not limited to, PayPal, Bank Transfer, EMT, TransferWise, or Bitcoin. We will get in touch with you 2 business day prior to your pay out day (14 days after your first trading day) to discuss the method you prefer. If you do not hear from us, please email us at support@myforexfunds.com

RULE # 7 – Profit Sharing

On the account you sign up for – you will make 10% of all profits you make while trading. There is no profit sharing in this case as you will be trading on a simulated account. This payout is considered an expense for us in order to find top traders that can manage our funds.

For Consistency Enabled Accounts, if you make $5,000 on your $100,000 account, you will be eligible for a $500 pay out. This is bi-weekly payout and does not reset after end of 2 weeks. If you make another $5,000 in the following two weeks, you will be paid 10% of 10,000 = $1,000 , as the account does not reset between pay cycles in the same month. However, you will need to make a profit per pay period (could be as little as $1.00) to get paid in pay period. For No Consistency Accounts, you will be paid 10% of all profits you make during that month.

A month in considered 4 weeks. You will be given your payout dates upon registration.

On funded account – you will receive 50% of the profits you make in the first month. This goes up to 65% during your second month and 80% during third month onwards. Keep in mind, you will not be allowed to withdraw the capital on this account as that will be funded by our firm and those funds are considered our invested capital.

A video explaining can be found here. (coming soon)

RULE # 8 – Risk & Account Management

In any account size, you must not have a drawdown of 5% or higher in a trading day (floating drawdown – calculated with equity, or balance, at any given time). This will be monitored closely and if violated will result in account suspension.

Drawdown % = [1 – (lowest equity or balance for the day) / (starting equity or balance for the day) ] X 100

Furthermore, you must not have a drawdown of 12% or higher overall throughout your pay period.

These two rules (5% and 12% drawdown), along with consistency (Rule #2) will be monitored closely and if violated will result in account suspension. Account suspensions can be reset by paying account sign up cost minus 20% (i.e. for 10K account – account sign up fee is $75. Reset fee will be $60). 

A video explaining can be found here. (coming soon)

RULE # 9 – Losses

Trading in My Forex Funds program – you, the trader, are not liable for any losses you incur on your accounts (hence the risk free aspect). That being said, ensure that you are clear about the Risk and Account Management (see above, Rule #8).

RULE # 10 – Reset, Refresh, and Monthly Fees

Reset – If an account incurs a violation, that account will be suspended and will not qualify for any future payouts. If a trader would like to continue with the program, s/he will have an opportunity to continue at a discounted price. This re-registration fees is referred to as “Reset” fees as you will obtain a brand new account.

For Subscription based accounts:

For $10K account, it is $60.
For $20K account, it is $97.60.
For $50K account, it is $228.
For $100K account, it is $396.

For One Time Payment (OTP) based accounts:

For $10K account, it is $95.20.
For $20K account, it is $175.20.
For $50K account, it is $431.20.
For $100K account, it is $759.20.

 

Refresh – At any time, if a trader would like to bring their account balance to original amount, , the following fee will apply.  

For Subscription based accounts:

For $10K account, it is $48.75.
For $20K account, it is $79.30.
For $50K account, it is $185.25.
For $100K account, it is $321.75.

For One Time Payment (OTP) based accounts:

For $10K account, it is $77.35.
For $20K account, it is $142.35.
For $50K account, it is $350.35.
For $100K account, it is $616.85.

 

Monthly Fees – My Forex Funds offers different models. Our subscription based model comes with a monthly fee that is due at the time of your 2nd payout.  Monthly fees are as follows:

For $10K account, it is $35.
For $20K account, it is $59.
For $50K account, it is $139.
For $100K account, it is $239.

We will email and remind you for these fees. Once reminded, they must be paid within 48 hours or your account is put on hold and all profits are forfieted for that time period. Furthermore, if the account fees are not paid within 5 days, account is terminated.

 

RULE # 11 – Refund of your registration fees

100% Refund of Account Registration  – We will refund your registration fees of the account that you got to live account with.

Example: If you got to live account phase on your first $10K account, you will be refunded the $75 dollar registration fees. However, if you had to reset it in the middle, you will only get the refund on the last fees that you paid towards getting your account. In this case, it will be $60 that you paid towards resetting your account. No monthly fees will be refunded.

Our goal

My Forex Funds overall goal is to have profitable traders managing our capital. Our one of a kind funding program enables traders to trade with larger accounts (up to $100K) without risking any of their capital. However, this program also teaches traders to trade with a goal and strategy in mind.

If you like to gamble or trade for the “sake of trading” then this program might not be for you. Our program rules are the fundamental basis of our vision and must be followed at all times. If at anytime, you want to clarify anything or learn more, please feel free to reach out to us at support@myforexfunds.com

“Finally, A trading Program Where Everyone from Everywhere is Welcome. No challenges, no tests, no verification or interviews. Simply register and start trading”

Our goal is to keep things simple. Follow the consistency and drawdown rule along with proper account management, and you will start earning money from day one. If you have any questions, please do not hesistate to email us at support@myforexfunds.com