Becoming and Funded Trader
Hello there
Today we bring one of the burning issues in the trading world (outside of the removal of MT5 on apple store) which is Funded Trader (Prop firm trading). Every trading channel has a trader who is trading a funded account from 50K to over 200K in some instances.
To the topic of today I have brought along myforexfunds one of the famous firms that is funding traders these days (outside of FTMO).
Are Funded Trader Accounts Worth It?
The main benefit of funded trader accounts is the limited risk factor. There is a small monthly fee for real-time data and the platform. In return, you gain access to a funded account once you proved that you have the right skills needed to be successful. Once you got funded, you keep up to 90% of the profit and request a payout to your checking account.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.MyForexFunds is the world’s leading Forex prop firm with over 30,000 live funded traders trading FOREX, CFD's and Cryptos.
Is MFF legit? Do they really payout their traders?
To find proof of payouts, you can check out our #payout-proof channel on our Discord server.https://discord.gg/hZCQEtKW6h
Or you can visit our Instagram page below:
https://www.instagram.com/myforexfunds/
and click “Payouts”.
Rapid
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
Evaluation (Most Popular)
Our Evaluation program is built for traders to prove their worth. Semi-professional traders in need of capital to move to the next step of their career have the opportunity to show their talent and reach their goals in a quick, two phase process.
Accelerated
The My Forex Funds Accelerated program is built for our traders to start trading a live account from day one. This program is suitable for profitable full-time traders who want to boost their capital immediately.
•Funded traders have access to more immediate capital to make larger market moves than unfunded traders.
•As a funded trader, you're somewhat protected since you don't use your own money.
•Obtaining licensure and passing certification programs can be very challenging for new professionals and sole traders. When you become a funded trader, you get the necessary licenses and certifications to start trading immediately.
•Instead of requiring you to work from an office, most funded trading programs allow you to trade wherever you have Internet access.
•Being a funded trader also takes time, especially if you lack the knowledge or expertise to take a program immediately.
•It’s possible for your profits to be lower than you expected for the first few years when trading with certain trading companies because they impose enormous fees on their funded traders.
The My Forex Funds Accelerated program is built for our traders to start trading a live account from day one. This program is suitable for profitable full-time traders who want to boost their capital immediately.
Pros of funded trading accounts:
•Funded traders have the benefit of being free to use the funds allocated to their accounts as they see fit.•Funded traders have access to more immediate capital to make larger market moves than unfunded traders.
•As a funded trader, you're somewhat protected since you don't use your own money.
•Obtaining licensure and passing certification programs can be very challenging for new professionals and sole traders. When you become a funded trader, you get the necessary licenses and certifications to start trading immediately.
•Instead of requiring you to work from an office, most funded trading programs allow you to trade wherever you have Internet access.
Cons of funded trading accounts:
•Despite nominal freedom of use, funded traders are required to follow certain rules and regulations under the sponsorship of their company. As part of these rules, there are daily loss limits, maximum positions, and more.•Being a funded trader also takes time, especially if you lack the knowledge or expertise to take a program immediately.
•It’s possible for your profits to be lower than you expected for the first few years when trading with certain trading companies because they impose enormous fees on their funded traders.
