Welcome to this My Forex Funds Review, which will reveal how you can make more than a million in 2023 as a forex trader.
A forex trader is any participant (bank or individual) in the forex industry who exchanges currencies.
What is MFF (My Forex Funds)?
It is a trading firm with its main headquarters in Toronto, Canada, and operates in more than 150 countries globally with over 80,000 traders.
Since 2020, the goal of this company has been to provide trading funds to undercapitalized traders.
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My Forex Funds (MFF) Programs & Rules
They have three types of programs grouped based on the expertise level of the person.
Each program has several types of accounts grouped based on their monetary value.
Rapid Accounts Program for people with some knowledge about trading.
Evaluation Accounts Program for people at the professional level in trading.
Accelerated Accounts Program for people who trade full-time for a living.
|Trading Expertise Level||Beginner||Intermediate||Experienced|
|Account Value||$10K to 100K||$10K to 200K||$2K up to 2 million USD|
|Number of accounts||4||7||5|
|Lowest Target||No Target or evaluations||8% Phase 1 & 5% phase 2||10% to move to the next milestone|
|Trading Days Limit||3||5||None|
|Drawdown||5% daily and 12% overall||5% daily and 12% overall||No daily, the overall is 5% for conventional accounts and 10% for emphatic accounts.|
|Cost||$99 to $749||$49 to $1389||$99 to $2450|
My Forex Funds (MFF) Pros
No Monthly Fees
You shall only pay a one-time entry registration fee without any other monthly or daily charges.
Low Entry Barrier
Regarding registration fees, they have accounts that go for as little as $49 to over $1000, which caters to the financial level of all traders.
They over trading education and guide beginner traders.
Earn while you learn
The rapid program allows you to make money trading while learning without worrying about targets and evaluations.
Large Product Range
Apart from currencies, there are over 100 instruments of trade including metals, indices, and more.
Refundable Registration Fees
If you enroll through the evaluation program
Wrapping It Up: Should You Join My Forex Funds (MFF)?
Yes, I would recommend you try out MFF.
Before you do so, I recommend you do the following;
- Read more about MFF reviews on Trust Pilot
- Watch these interviews with successful MFF traders
- Sign up for a forex trading training with Financial Hub
- Learn more about other forex brokers in Kenya
My Forex Funds (MFF) Review: How to Make half a MILLION shillings daily with THIS BUSINESS 2023