My Forex Funds Updates on Pricing and Leverage!

My Forex Funds initially planned UPDATES are rescheduled!

Home » Prop Blog » My Forex Funds Updates on Pricing and Leverage!

Here are the Highlights of the article “My Forex Funds Updates on Pricing and CFD Leverage!”:

  • My Forex Funds introduces an “unlimited trading days” period for better evaluation response.
  • Price changes were postponed to September 1st for further assessment.
  • CFD leverage was modified to 1:50 from August 1st to reduce risk and increase longevity.
  • Over 50% of trader losses from overleveraged CFD trades in US indices.
  • Continuous monitoring and data updates are promised for trader support.

Changes to take place at MFF!

My Forex Funds has recently announced the introduction of an unlimited trading days period for both phases of their evaluation, drawing an overwhelming response from the market. This development, unveiled on July 13, 2023, marks a significant milestone for the prop firm. It seeks to bolster trader confidence and provide an even more favorable trading environment. As part of the plan, My Forex Funds initially planned to implement new updates to pricing and leverage on August 1st. However, in response to market dynamics and the desire for further evaluation, the price change has now been rescheduled. It will take effect on the 1st of September.

My Forex Funds Changes in Pricing and Leverage- When will they implement?

Despite this postponement, traders should know that the CFD leverage was modified to 1:50 on all evaluation accounts starting from August 1st. This decision was driven by My Forex Funds’ commitment to lower traders’ risk and increase their longevity in the market. The firm identified that over 50% of trader losses stemmed from overleveraged CFD trades, particularly concerning US indices.

By implementing this leverage change, My Forex Funds aims to create a more sustainable trading environment for their valued partners and ensure the proper matching of order flow at the liquidity level. They believe this modification will benefit all traders and foster a more stable and profitable trading experience.

My Forex Funds remain dedicated to monitoring and assessing the impact of these adjustments. They promise to provide regular updates and data points based on traders’ performance and experiences. This is to maintain transparency and open communication with their community.

Traders are encouraged to adapt their strategies. Especially those with open positions, as the CFD leverage change took effect on August 1st. The support team can address any questions or concerns during this transition.

My Forex Funds continues to uphold its commitment to creating a supportive and conducive environment for profitable and successful trading. The firm’s unlimited trading days offer, and ongoing updates demonstrate its dedication to innovation and its mission to enhance traders’ experiences.

My Forex Funds Review is here.

Leave a Reply

Your email address will not be published. Required fields are marked *

E8 Funding has developed a user-friendly experience with essential information every trader needs, as well as the industry’s best technology to back it. The main priority that they expect from their traders is that they are disciplined individuals who prioritize managing risk while also focusing on long-term consistency.

Funding Pips believes that traders progress through three key stages in their professional journey. To evaluate trading talents and provide support in overcoming funding challenges, they have developed a two-phase evaluation followed by a funded phase, where traders will become eligible for significant capital.

Smart Prop Trader requires traders to be successful in their two-step evaluation program before being granted access to live-funded accounts and the possibility to earn profit splits. However, since they are only looking to invest in disciplined and talented traders, they have a special set of rules that should be respected at all times.

The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.

Finotive Funding is a proprietary firm founded by Oliver Newland, who understands that capital is, in most cases, the biggest obstacle to becoming a full-time trader. His goal is to create a process that will allow a way for retail traders worldwide of growing their capital and allowing them to generate significant returns.