Explanation of Funded Account: MyFundedFutures' simulated funded account is a unique opportunity that provides you with access to simulated capital, allowing you to trade real markets without risking your own money. To fully comprehend how to plan your payouts and navigate the account's specifics, we recommend reviewing our detailed Payout Policy FAQ and Overview. This comprehensive resource will guide you through the process, ensuring you have a clear understanding of how the funded account operates.
Managing Your Trading with Funded Account: Managing your trades within a funded account is essential to maintain consistency and discipline. At MFFU, we encourage traders to adhere to their regular trading style while also following the rules outlined in the funded agreement. Once your account review is successfully completed, and you're approved for a funded account, you'll be provided with the terms and conditions. It's also important to stay consistent with your risk management approach, avoiding drastic shifts such as going from one contract per trade to risking your entire account. However, reasonable adjustments based on your strategy and market conditions are allowed. For instance, you can adapt your risk per trade, such as using one contract for lower probability setups and three contracts for higher probability opportunities.
We require one trade a week to keep the account active - if you are unable to meet this requirement due to vacation or other circumstances let us know and we can work it out
FAQ for Funded Accounts:
Q: Can I reset a funded account?
A: Unfortunately, funded accounts cannot be reset.
Q: How many funded accounts can I have at once?
A: You can have a total of 3 simulated funded accounts and 1 live funded account concurrently.
Q: How do I get a live funded account?
A: To qualify for a live funded account, continue trading as you do with your simulated funded account. If you meet the criteria for a live funded account, we will reach out to you.
Q: How often can I withdraw?
A: You can initiate a withdrawal 14 days after the first trade on the funded account. Subsequently, you can make withdrawals every 14 days from your last withdrawal date.
Q: I passed my account, but I haven't received any notice. What should I do?
A: If you have successfully passed your funded account evaluation and haven't received any notifications within a period exceeding 2 business days (Monday to Friday), please open a support ticket on the MyFundedFutures website. Our support team will be glad to assist you in addressing any concerns or inquiries.
These FAQs should provide traders with essential information about funded accounts and the associated processes. If you have additional questions or need further clarification, please don't hesitate to reach out to our support team or visit our website for comprehensive guidance.