MyForexFunds Review 2026
A reliable prop trading firm for consistent traders.
the bottom line.
A top-tier firm with competitive conditions for disciplined traders. Excellent tracking record and scaling options.
Experienced traders seeking large capital and reliable payouts.
Beginners looking for zero-restriction evaluations.
MyForexFunds was once one of the most popular prop firms but has faced regulatory challenges.
Challenge Structure
Phase 1
Evaluation
Prove your trading skills by hitting the initial profit target while respecting drawdown limits.
Phase 2
Verification
A secondary test to confirm your consistency with a lower profit requirement.
Funded
Live Account
Trade with firm capital and keep up to 90% of your generated profits.
Trading Rules & Parameters
Max Daily Drawdown
Maximum loss allowed in a single day.
5%
Max Total Drawdown
Maximum overall loss allowed on the account.
12%
Minimum Trading Days
Minimum active days required before passing.
5 days
News Trading
Trading during high-impact news events.
Restricted
Weekend Holding
Keeping trades open over the weekend.
Restricted
EA / Algorithmic Trading
Using automated trading robots or scripts.
Restricted
| Rule Name | Value | Trader Impact |
|---|---|---|
Max Daily Drawdown Maximum loss allowed in a single day. | 5% | Standard |
Max Total Drawdown Maximum overall loss allowed on the account. | 12% | Standard |
Minimum Trading Days Minimum active days required before passing. | 5 days | Restrictive |
News Trading Trading during high-impact news events. | Restricted | Restrictive |
Weekend Holding Keeping trades open over the weekend. | Restricted | Restrictive |
EA / Algorithmic Trading Using automated trading robots or scripts. | Restricted | Restrictive |
Payouts & Profit Split
Pros & Cons
The Good
- Very affordable entry prices
- High max funding up to $600K
- Multiple account types
- Good educational resources
The Bad
- Regulatory issues in the past
- Slower payout processing
- Stricter trading rules
- Limited asset coverage
- Lower Trustpilot score
Who Is MyForexFunds Best For?
Frequently Asked Questions
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