Funding Account Rules
Pips Market has one of the simplest program structure to follow which facilitates our traders to get funding and
start earning from day one!
You have plenty of time to achieve your target and move to the next phase. Take it slow, observe good risk management
techniques. Most traders who pass the quickly fail on their live account. Be one of the few and not the many.
Follow your plan and if you aren’t quite at the target at the end of the 30-day period, get in touch, maybe you qualify for an
extension or retake!
First the Phase (Phase I) The phase is to test your trading skills and give us an idea of what type of
trader you are. During the phase you must achieve a profit target of 10% within 30 calendar days with no other rule
breaches. The establishment Phase (Phase II) The establishment phase is just to confirm the results of the phase.
During the establishment phase you must achieve a profit target of 8% within 30 calendar days with no other rule breaches
We do NOT have any negative day rules in our programs. A trader can choose when they start the funded account process.
The calendar day countdown starts from the time you take your first trade
Its imperative that you have a trading plan, trading strategy and risk management profile to successfully complete the
At My Forex Funds we encourage good trading behavior but do not limit a traders ability to trade in their own style or time.
We ALLOW news trading, long term trading, short term trading etc. on all accounts.
Trading activities that are used to take advantage of the inefficiencies of Metatrader. Gap trading, scalping, latency arbitrage,
Long short arbitrage, Reverse arbitrage, opposite account trading are all unacceptable trading methods with MyForexFunds.
Anyone part-taking in such activities will get their account(s) suspended.
We constantly are looking for the best products and best conditions for our traders. Currently you can trade FOREX,
CFD’s including index CFD’s as well as commodities like oil and metals.
Every now and then the product list may be updated based on the availability of margin, leverage, liquidity, and various
We adjust our products to increase the profitability of our traders where possible. We may remove a product if there are
no users currently passing the phases of the evaluations due to those products.
After program purchase you will receive your login details within 24-48 hours. You are not allowed to change the details
of this account under any circumstances. Doing so will be a breach and your account will be suspended.
At My Pips Market Funds, we are looking for individual traders to grow with us long term. What this means is that we want YOU
to be the trader. Its ok to learn your skills from other experts, however, use of signal bots, trade management services or
trade copiers will not be accepted. If we notice someone using these services, we will suspend their account.
We are constantly monitoring all accounts to make sure the rules are being followed.
The most important question our traders have is “when do we get paid”. You you will receive your first payout 1 month
after you place your first trade in the live account.
For the first month of live trading you will be required to trade a minimum of 10 days and first month’s payout will be
initiated after one whole month. This minimum day requirement is removed on the second month.
All payout requests must be sent to billing or submitted via our internal back-office system.
Our live accounts are being held on the Traders Global Group server using metatrader 5.
In order to receive 50% of your profits if you have violated your account and it is in profit you must comply with the
following 3 parameters:
1) You must not be “all-in” on your trades and violate from a single trade or single batch of trades
2) You must have traded 8 trading days.
Note: If you have compiled all 3 rules mentioned above, you will have to contact with us in 7 days after the violation for the
profit split. Any request about the 7 day period will be rejected.
If you have reached your profit-split time, firstly, congratulations. You may request your pay out from the ‘Pay out request’
button on your analyzer. In case, the pay out request button is still not enabled, please get in touch with
You can request your payout via Cryptocurrency or DEEL, If you wish to receive your payout in Cryptocurrency, then you can
receive BTC, LTC, ETH, USDC and/or with Deel, you will be able to withdraw with Wise, Paypal, Bank transfer, Payoneer,
Revolut, Mercury, etc.
My Forex Funds offers a competitive scaling up plan so that we grow with you. If you have achieved a profit of 10%
(and withdrawal) or more within a 4 month period and 2 of those 4 months were profitable, we will increase your account
size by 30% of the original account size.
At the time of scale up request, trader should be breakeven or positive with the account balance.
In any of the My Forex Funds evaluation programs you must not have a daily drawdown of 5% of equity OR balance on
any given day. This is monitored closely by an automated system, includes open trades at the time of roll-over and any
breach is shown in your account dashboard. Please be mindful of your trading and be sure to check your available
drawdown at 00:00 server time every day.
On top of the daily drawdown, we have an overall account drawdown of 10% for any pay period. Breaching this will result
in a termination of your account.
If you breach your daily drawdown rules whilst in profit. A review will take place to determine whether you followed proper
risk management practices (no excessive position size, trade numbers etc.) and we may, at our discretion, issue you your
profit share at the time of termination. If, however, you participate in risky trading and breached the daily drawdown,
you will not receive payout of your profits for a breach of the daily drawdown whilst in profit.
If you receive an account suspension or termination, you may reset your account for program cost - 25%.
No trader at My Forex Funds will be liable for any trading losses. All being said, we encourage you to practice good risk
management practices and engage in a trading plan to maximize your chances of not incurring a loss.
If you find that you have breached one of the rules, you are entitled to a discounted reset of that account. Mistakes can
happen, and we understand that. We want you in our team so if you have breach the rules enjoy the following discounted
10k – $75.00
25k – $156.00
50k – $249.75
100k – $375.00
250k – $750.00
You are responsible for making sure your account credentials are safe. We do not reinstate accounts that have been
hacked or distributed to third parties for trading and lost. If your account has been hacked, get in touch with our team
so we can lock the account and change the password and run you through security protocols. No reinstatements of
accounts will occur so it is important for you to get to us as quick as you can if your account has been hacked.
If your account is inactive for 30 days it will be automatically breached. If you do not inform us within 10 days of the
breach the reason for the inactivity, the account will be permanently suspended.
This rule is to prevent us having thousands of hedged trades on abandoned accounts. If you are planning to be away for
a prolonged period of time, please inform us and we will make sure your account continues.
As our original rule suggests, it is vital that all trading activity with MyForexFunds is your own. This means that every
decision made, every trade made comes from your creation and not the hands of others. Since this rule has been causing
requirements for clarity, we have decided to include this rule as an addition to make sure there are no grey areas.
Anyone using any vendor that promotes the passing of a prop firm evaluation or challenge will be banned. These vendors
generally do not work, and their usage has resulted in many problems with our liquidity providers and their customers who
have failed using these services affiliating us with them in some way. Therefore, any third-party vendor selling any service,
whether its account management or an EA, that promotes usage on any prop firm, is forbidden.
The market does not function in a manner where every user can trade the same and it remains efficient. Having pending
orders bigger than the market does nothing but ruin the prop firm opportunity for everyone else and so use of such services
We are here to provide capital to aspiring traders and we want this opportunity to last a long time. We will not allow the
actions of a few to ruin the experience for the majority of traders who come to us for funding.