MyFundedFX has announced updates to its trading policies, which apply to all accounts, both new and existing.
MyFundedFX has announced updates to its trading policies, which apply to all accounts, both new and existing.
MyFundedFX has announced updates to its trading policies. In response to recent trader feedback, the firm will be removing the consistency rule that has restricted certain trading styles. This change applies to all accounts, both new and existing, and allows traders to submit withdrawal requests immediately, offering greater flexibility in managing their funds.
Additionally, the payout frequencies for funded accounts will return to the levels established before the consistency rule was introduced. This adjustment aims to provide traders with more timely access to their earnings, enhancing the overall trading experience.
Another major update involves a revision of leverage levels across all account types and platforms. The new leverage limits are at 30:1 for Forex, 10:1 for indices and commodities, and 2:1 for cryptocurrencies. These changes align with recent regulatory requirements for CFD leverage and are going to reduce high-risk trading behaviors.
The reasons behind these adjustments include a desire to decrease the prevalence of “all or nothing” trading strategies, which have become common in the industry. The updated leverage levels are also going to comply with newly attained licensing regulations and to prevent malicious trading practices such as cross-firm reverse trading or hedging. Additionally, the firm expects that the reduced leverage will lead to higher pass rates on challenge phases and foster more consistent trading from funded traders.
Overall, MyFundedFX’s new approach aims to create a more balanced and secure trading environment while addressing concerns and improving the experience for its traders.
By removing the consistency rule and adjusting leverage levels, the firm is responding directly to trader feedback and regulatory demands. These changes are going to reduce risky trading behaviors, enhance security, and ensure more consistent performance from funded accounts. MyFundedFX remains committed to supporting its traders with an improved trading experience, aligning with industry standards, and fostering a balanced approach to trading success.
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