What is My Forex Funds?
My Forex Funds is a forex and CFD broker based in China, listed with a foundation year of 2020. It offers leverage up to 1:100, spreads from 0.1 pips and a minimum deposit of $250. Clients trade on Android, iOS and Computer and on mobile.
My Forex Funds is an online trading broker all the way from China. This broker is helping their clients to make money by trading.
My Forex Funds has three types of trading program which comes with different facilities and offers. Rapid, Evaluation and Accelerated are these programs are titled with. These three trading programs have different goals.
With the Rapid program, clients can see how a prop firm works. This has a low entry cost. Clients will get paid 12% of the profits that they earn in their accounts. There are four types of plans in the Rapid Account program. Each plan has different charges and a daily starting breakdown. The overall breakdown is also different in different plans. But, the leverage is the same at 1:500 on all plans under the Rapid account program.
Clients can prove their trading experience with Evaluation Program. This program has two different phases of profit. One is the evaluation phase, and another one is the establishment phase. This program comes with a minimum of 5 days of trading per week. The available leverage on this program is 1:100 on all plans. There are five different plans for this account. Each plan has a different level of the target. This program doesn’t need any monthly fees.
The Accelerated account program has two different sections. This program has five different plans and this. This one needs only one-time registration fees which are different for different plans. There is no daily drawdown limit on this plan and the overall drawdown is 10% of the starting account balance.
Is My Forex Funds safe and regulated?
My Forex Funds is regulated by This broker is regulated from China. There is no valid regulatory license of this broker. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
My Forex Funds account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $250 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
My Forex Funds provides Android, iOS and Computer, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.1 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
My Forex Funds supports 2 funding methods, including Bank Transfers, Credit card/ Debit card. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
My Forex Funds bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current My Forex Funds promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the My Forex Funds website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
My Forex Funds pros and cons
Pros
- Raw spreads from 0.1 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
Cons
- Only offshore regulation
- No investor compensation scheme
- $250 minimum deposit is higher than some rivals
- Android, iOS and Computer only in our listing, no MT4/MT5 confirmed
- No Islamic account listed
How to open a My Forex Funds account
- RegisterVisit the My Forex Funds website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $250 with Bank Transfers, Credit card/ Debit card.
- Start tradingLog in to Android, iOS and Computer or the mobile app and set your risk per trade.
Is My Forex Funds a good broker? Our verdict
My Forex Funds suits active traders who want raw spreads, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.