MyFundedFX Consistency Rule & Leverage Important Change

MyFundedFX has announced important changes to its policies. Effective immediately, MyFundedFX is removing its consistency rule and adjusting leverage limits across all accounts and trading platforms.

The consistency rule, which many traders felt restricted specific trading styles, has been abolished for all accounts, both new and existing. This change allows traders to submit withdrawal requests, providing immediate flexibility. Additionally, the payout frequencies for funded accounts will revert to their previous schedules.

MyFundedFX Consistency Rule & Leverage Limits Important Change

Leverage limits are being standardized across all platforms and account types. The new leverage ratios are 30:1 for Forex, 10:1 for indices and commodities, and 2:1 for cryptocurrencies. These adjustments are part of an effort to reduce high-risk “all or nothing” trading behaviors. Also, this aligns with regulated CFD leverage requirements following a recently attained license, and decrease the attractiveness of MyFundedFX’s products to malicious trading groups. By standardizing leverage, the firm aims to mitigate risks associated with cross-firm reverse trading and hedging strategies.

The primary goals of these changes are to encourage more consistent trading practices, promote higher pass rates in challenge phases, and allow traders to utilize a variety of trading styles within the new leverage limits. MyFundedFX expects these adjustments to foster a more diverse and stable trading environment.

MyFundedFX’s decision to implement these changes reflects its commitment to creating a fair and supportive trading atmosphere. By actively responding to community feedback and ensuring regulatory compliance, the firm aims to enhance trader satisfaction and maintain its reputation as a trusted prop trading firm. These changes mark an important step towards achieving a balanced and secure trading environment for all MyFundedFX traders.

About the Firm

Here are some important facts about the firm:

• Maximum Drawdown Scaling Feature
• First Payout After 7 or 14 Days (Depending on Challenge)
• Bi-weekly or Weekly Payouts (Depending on the Challenge)
• Profit Share of 80% up to 92.75%
• Overnight & Weekend Holding Allowed
• Balance-based Drawdown

Also, use our Discount Code (FOREXPROPREVIEWS) for a 10% Discount or read the Review.