What Is a Funded Account
The simulated funded account offered by MyFundedFutures (MFFU) is a special chance that gives you access to simulated capital so you can trade actual markets without jeopardizing your personal money. We recommend reading through their comprehensive Payout Policy FAQ and our Review to ensure you fully understand how to schedule your payouts and explore the account’s details.
This all-inclusive tool will walk you through the procedure and make sure you comprehend how the funded account works.
Handling Your Trades Through a Funded Account
To keep discipline and consistency, you must handle your trades via a funded account. At MFFU, we encourage traders to abide by the guidelines provided in the sponsored agreement in addition to maintaining their usual trading methodology.
According to their website, upon the successful completion of your account review and approval for a funded account, you will receive the terms and conditions. Maintaining consistency in your risk management strategy is also crucial. You may, however, make appropriate modifications in light of your plan and the state of the market.
You can adjust your risk each trade, for example, by utilizing three contracts for opportunities with a greater likelihood and one contract for setups with a lower probability.
To maintain the account active, MFFU needs one trade per week; if you are unable to achieve this criterion because of a vacation or other circumstances, we recommend you let them know as they provide an alternative arrangement.
Funded Accounts FAQ
Q: Can a funded account be reset?
A: Regretfully, resets are not possible for funded accounts.
Q: What is the maximum number of accounts allowed at once?
A: Three simulated funded accounts and one live funded account may be held simultaneously.
Q: What is the process of obtaining a live funded account?
A: You must keep trading with your simulated funded account in order to be eligible for a live one. MFFU will contact you if you are eligible for a live funded account.
Q: How often can withdrawals be made?
A: On the funded account, you have 14 days from the initial trade to request a withdrawal. You can then take withdrawals every 14 days starting on the date of your most recent withdrawal.