MyFundedFX has shared new trading guidelines and payout rules to enhance trading discipline and payout efficiency for its accounts.
MyFundedFX has shared new trading guidelines and payout rules to enhance trading discipline and payout efficiency for its accounts.
MyFundedFX has shared new trading guidelines and payout rules to enhance trading discipline and payout efficiency for its funded accounts.
Effective immediately, all funded accounts will operate under a new guideline termed the “50% consistency guideline.” This rule mandates that no more than 50% of profits can be derived from a single trading day during the funded stage. The firm emphasizes that while this guideline is not enforceable as a breachable offense. So, traders are encouraged to maintain multi-day consistency in their trading strategies. This approach aims to discourage high-risk trading behaviors such as max leveraging on single trades. This promotes steadier growth towards payout thresholds.
Addressing concerns about trading styles, MyFundedFX asserts that this guideline serves as a measure to prevent excessive risk-taking. It eliminates the need for individual restrictions on trading practices like over-leveraging, gambling, or using excessively large lot sizes.
Moreover, the firm has revised its payout policies across various account programs. Previously, payouts were processed every 14 calendar days; now, under the new guidelines, all existing and new accounts under the 1-Step, 2-Step, and 2-Step Max programs will receive payouts every 7 calendar days. For the 1-Step Max plans, payouts can be requested at any time as long as the 50% consistency rule is met, offering traders greater flexibility in managing their earnings.
Clients have to review the forthcoming email communication and updated details on the MyFundedFX website and payout dashboard for specific implementation dates and further clarification. Support services are available to address any queries or concerns regarding these updates.
MyFundedFX is a prop trading company committed to empowering retail traders by providing virtual capital at a diminished cost and risk. They stand behind equal opportunities in the financial markets, with the goal of assisting traders in reaching their objectives. MyFundedFX strongly emphasizes absolute flexibility, allowing traders to implement strategies and unlock their potential without unnecessary constraints or liabilities.
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