MyFundedFX Review - Is the Platform Legit and Reliable? Is It Login Safe? - WikiFX

MyFundedFX Information

MyFundedFX is a broker registered in the United States. The tradable instruments with a maximum leverage of 1:30 include forex, commodities, indices, and cryptocurrencies. The broker also provides a demo and four simulated accounts, whose minimum profitable day is up to 3 days. The affiliate program offers up to 8% commissions. MyFundedFX is still risky due to its unregulated status.

Pros and Cons

Is MyFundedFX Legit?

MyFundedFX is not regulated, making it less safe than regulated brokers.

What Can I Trade on MyFundedFX?

MyFundedFX offers a wide range of market instruments, including forex, commodities, indices, and cryptocurrencies.

Account Type

MyFundedFX has demo and simulated account types: 1-step, 2-step, 2-step-max, and 3-step. The demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Trading Platform

MyFundedFX provides the DXTrade, MatchTrade, and cTrader trading platforms available on the Web, Android, and iOS to trade, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.

Deposit and Withdrawal

MyFundedFX accepts payments via credit card and cryptocurrency for deposits and withdrawals. After making a profit, traders can apply for a withdrawal once every 5 to 14 days, with a minimum withdrawal amount of $50.