What are our Funded Account Challenges and their criteria?
At My PropFirm Funds, we pride ourselves on offering a distinctive approach to Funded Accounts, featuring a diverse range of exciting Challenges. Our Challenges present traders with the exceptional opportunity to earn a Funded Account by successfully attaining specific trading criteria.
In this comprehensive guide, we will walk you through all the essential details regarding our distinctive challenges, their criteria, and the profit-sharing system.
● Our Accounts come in a variety of price ranges, including 10k, 25k, 50k, 100k, and 200k.
● We offer a generous profit split arrangement of 80/20.
Take a look at our Funded Challenge criteria below:
Holding trades over the news event and over the weekend is not allowed.
Before advancing to the final stage, our team of trade experts will carefully evaluate your trading strategy and consistency levels. To assist you in monitoring your trading performance, we provide evaluation criteria within the Challenge Accounts tab. The criteria encompass the following:
• Lots (Total lots traded throughout the Challenge. The chart showcases daily volume). • Average Loss (Average loss across all losing trades). • Average Win (Average win across all winning trades). • Win Rate (Ratio of winning trades to losing trades). • Average Trade Duration (Average amount of time spent in each trade). • Consistency Rule (The Highest Profit Day 30% – Click here for more information).
Related FAQs
General Queries
In your dashboard on our website, you can see “Payouts” in the menu.
A Simulated Funded Account refers to any account where a client has the potential to receive compensation based on a percentage of the virtual profit generated within that account, as determined by the virtual Profit Split associated with the account.
We want to remind you that our system automatically takes action on accounts that violate any of our drawdown rules or reach the end of their challenge period.
Once you have downloaded the client terminal, please log in on the terminal using the account login details that we provided to you, and you should be good to go!
If you happen to breach any of the Trading Objectives, that particular account will be automatically invalidated and loses eligibility to continue in the Evaluation Course.
Traders with a Simulated Funded Account will be eligible for fx payouts after 14 days of getting their funded fx account, to be eligible, the account must be in profit from the initial starting balance when the trader received the account.
We believe in constant adaptability and development when it comes to trading, therefore we do not have a minimum or maximum limit on trading days during our evaluation period.
The conditions are simulated live market conditions. If you use higher lot sizes, the chance of slippage increases. Volatile market moments increase the chance even more, which can not be controlled.
After you have passed all the Trading Objectives in the MyPropFirmFunds challenge, you will see a notification in your trading account informing you about your success.
It is crucial to remember that, in leveraged trading, managing open positions and monitoring the necessary margin level at all times is the trader’s responsibility.
If you breach any trading objective, all your open trades will be closed, your limit & stop orders will be canceled and the account is switched to view-only mode.
The bond between a trader and our affiliated Proprietary Firm is established through the Contract Agreement which will be provided to you upon successful completion of the Challenge and Verification.
In our Terms and Conditions, it is stated that all transactions made within trading accounts of our proprietary firm must not interfere with the functioning of the real market.
