Score

1.34 /10
Danger

MyFundedFX

United States

2-5 years

Suspicious Regulatory License

High potential risk

B

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Score

Regulatory Index0.00

Business Index5.70

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2025-07-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

MyFundedFX · Company summary
MyFundedFXReview Summary
Founded2022-05-23
Registered Country/RegionUnited States
RegulationUnregulated
Market Instruments (175+)Forex/Commodities/Indices/Cryptocurrencies
Demo Account
LeverageUp to 1:30
Trading PlatformDXTrade/MatchTrade/cTrader(Web/Android/iOS)
Minimum payout amount$50
Customer SupportTwitter/Discord/Instagram/Youtube
Live chat

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.

broker

Pros and Cons

Pros Cons
Leverage up to 1:30Unregulated
Demo account available/Simulated fund supportObvious geographical restrictions
Various tradable instrumentsStrict requirements for simulated profit targets

Is MyFundedFX Legit?

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

not regulated
not regulated

What Can I Trade on MyFundedFX?

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

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
instruments

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.

Account Type 1-step2-step2-step-max3-step
Sim Gain Target10%Step 1 8%Step 1 10%6%
Minimum Profitable Days3 Days3 Days3 Days1 Day
Daily Sim Loss4%5%Step 1 5%/Step 2 4%4%
Overall Sim Loss6%8%Step 1 10%/Step 2 8%8%
Trading PeriodUnlimitedUnlimited-Unlimited
Sim Trading Leverage1:301:301:301:30

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.

Trading PlatformSupported Available Devices
DXTradeWeb/Android/iOS
MatchTradeWeb/Android/iOS
cTraderWeb/Android/iOS
platforms

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.

User Reviews

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Comments

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Pongtai
more than one year
Trading indices can be really exciting, but, you know, the lack of a regulating body gives me the jitters. It's concerning.
Trading indices can be really exciting, but, you know, the lack of a regulating body gives me the jitters. It's concerning.
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2024-07-31 17:33
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FX1497908099
more than one year
My reliable partner! The support team, especially Steigner911, is always quick to assist with any issues. Really appreciate the VIP program!
My reliable partner! The support team, especially Steigner911, is always quick to assist with any issues. Really appreciate the VIP program!
Translate to English
2024-06-21 17:23
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