My Forex Funds Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-03-11 17:32

Abstract：My Forex Funds is an emerging proprietary firm registered in China with the focus on the premium service and an array of instant execution, thus, My Forex Funds has established a decent trading environment, moreover, the clients are spread over the world, each client whether he or she has sufficient experience or not could carry on the transaction. In addition, My Forex Funds is allegedly registered in China, however, it has not given its registered office to the public so far.

　　General Information& Regulation

　　My Forex Funds is an emerging proprietary firm registered in China with the focus on the premium service and an array of instant execution, thus, My Forex Funds has established a decent trading environment, moreover, the clients are spread over the world, each client whether he or she has sufficient experience or not could carry on the transaction. In addition, My Forex Funds is allegedly registered in China, however, it has not given its registered office to the public so far.

　　Market Instruments

　　My Forex Funds offers a wide range of popular trading assets including Forex, Cryptocurrencies, Indices, and Metals.

　　Accounts & Leverage

　　There are three major accounts including Rapid Account, Evaluation Account, as well as Accelerated Account with various requirements and trading conditions, and clients could choose the account in light of their own experience. Unlike other forex brokers, My Forex Funds set a limit of the minimum trading days for the Rapid Account as well as Evaluation Account, take the Rapid Account, for example, clients are required to trade for 3 times per week. Furthermore, the accounts have various daily starting drawdown, overall drawdown, and monthly fees. For the Accelerated Account, it is classified into two accounts, Conventional and Emphatic Account. Concerning leverage, the maximum leverage varies between 1:50 and 1:500, if clients open the Rapid Account, you could enjoy the maximum leverage of 1:500, and leverage for the Emphatic Account is capped at 1:100.

　　Spreads & Commissions

　　My Forex Funds supposes that all of their accounts are raw spread accounts, and for the commission, it cost $3 per round trip on Traders Global Group demo and live server.

　　Trading Platform

　　My Forex Funds offers MetaTrader 4 (MT4) trading terminal option which is an industry-recognized platform available for free download to PC desktop devices and compatible to trade via all major web browsers.

　　Deposit & Withdrawal

　　My Forex Funds provides support for a wide array of payment methods via Credit Card Cryptocurrency, and Bank Transfer.

　　Risk Warning

　　Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisors.