My Forex Funds funding programs

My Forex Funds is one of the leading proprietary trading firms in the industry at the moment. They offer traders three different funding programs: rapid, evaluation, and accelerated. Let’s go through each funding program option:

Rapid challenge

The rapid challenge is the first program that My Forex Funds are offering. The challenge is very different from the basic challenges in the prop firm industry due to the fact it is based on an educational 3-month course.

You can choose from the following four rapid account sizes:

1. $10,000 for a one-time price of $99
2. $20,000 for a one-time price of $189
3. $50,000 for a one-time price of $399
4. $100,000 for a one-time price of $749

Rapid account challenge rules:

• No profit target
• Minimum trading days: 3 times per week
• Daily starting drawdown: 5%
• Overall drawdown: 12%
• Leverage: 500:1
• Payouts: Bi-weekly
• You get paid 12% of the profits you earn on your account

Evaluation challenge

The second funding program My Forex Funds is offering is their evaluation challenge, which is a basic two-phase challenge.

You can choose between the following five evaluation account sizes:

1. $10,000 for a one-time fee of $84
2. $20,000 for a one-time fee of $139
3. $50,000 for a one-time fee of $299
4. $100,000 for a one-time fee of $499
5. $200,000 for a one-time fee of $979

Evaluation account challenge rules:

• Phase one profit target: 8%
• Phase two profit target: 5%
• Daily starting drawdown: 5%
• Overall drawdown: 12%
• Minimum trading days: 5 days
• Phase one trading period: 30 days
• Phase two trading period: 60 days
• Leverage: 100:1
• Payouts: Bi-weekly
• Profit split: 75% up to 85%

Accelerated challenge

The last funding program My Forex Funds is offering is their accelerated account. Accelerated accounts can be conventional or emphatic, and are in other words instant funding up to $50,000 with a scaling plan.

You can choose between the following five accelerated conventional account sizes:

1. $2,000 for a one-time fee of $99, potential to scale up to $324,000
2. $5,000 for a one-time fee of $245, potential to scale up to $405,000
3. $10,000 for a one-time fee of $485, potential to scale up to $540,000
4. $20,000 for a one-time fee of $970, potential to scale up to $1,080,000
5. $50,000 for a one-time fee of $2,450, potential to scale up to $1,350,000

Accelerated (conventional) account challenge rules:

• Profit target: 10% for scaling
• Daily starting drawdown: No limit
• Overall drawdown: 5%
• Minimum trading days before first payout: 5 days
• Payouts: Weekly with no profit target limit
• Leverage: 50:1
• Profit split: 50%

You can choose between the following five accelerated emphatic account sizes:

1. $2,000 for a one-time fee of $198, potential to scale up to $486,000
2. $5,000 for a one-time fee of $490, potential to scale up to $810,000
3. $10,000 for a one-time fee of $970, potential to scale up to $810,000
4. $20,000 for a one-time fee of $1,940, potential to scale up to $1,600,000
5. $50,000 for a one-time fee of $4,900, potential to scale up to $2,020,000

Accelerated (emphatic) account challenge rules:

• Profit target: 20% for scaling
• Daily starting drawdown: No limit
• Overall drawdown: 10%
• Minimum trading days before first payout: 5 days
• Payouts: Weekly with no profit target limit
• Leverage: 100:1
• Profit split: 50%

My Forex Funds discount code: forexpropreviews5

You can visit the My Forex Funds website or read our review.