My Forex Funds: the company accelerates funding for traders, offering lenient terms on all tiers of transactions.
It requires the trader to be competent and persistent with the performance scorecard, although it doesn’t place drawdown thresholds. So, the deal is to get in at the best rates and make a clean pile while the markets are abuzz with profits.
Do you wish to trade via My Forex Funds? If your answer is yes, check out these stats about MyForexFunds before buying a program.
What You Should Know
The founder is Anurag Jaiswal, awho is also a joint owner (and part CEO) of Sunshine Info Solutions Inc.
Also, the company is based in Canada, with services reaching customers in Europe and America.
Its purpose is clear-cut forex trading, accumulated funding bonuses, and perks for traders. Since the goal is to onboard more people into the system than the current stats show, the site does not require newbies to net a profit mark before securing funds.
A chunk of the feedback from various customer feedback platforms mentions one striking aspect of My Forex Funds.
Instead of merit-tied (experience, rather) funding drafts, an open-source approach is in practice. So, anyone can get on with the rules nicely. Also, you don’t have to worry about any hardliners.
Moreover, MyForexFunds is not a broker. Please, note that the company uses a go-between to host all funded accounts, remitting profits (split profits) to the account owner.
Learn more about the company in this post. Read on below for details.
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My Forex Funds on Review/Feedback Platforms
After twelve (12) months on the track, the lodged positive reviews/feedback rose from twenty to two thousand. Compare the decent rise to the spike of PR-strewn brokerage stints.
Better still, most of the reviews are in the 80-100% mark (4.5 out of 5 total scores), implying that most users are generally satisfied with the service.
You can also dig up likely stats from other independent review sites, with most of the ratings clumping around the CS and other hands-on aspects of the UI.
Here are what you can glean from the feedback _
You are working with real people with practical solutions to problems, unlike automated replies from some platforms you might see out there.
No one is trying to post blanket answers to particular problems. Since the CS reply the chats and answers calls, specific directories are available for the issues at hand.
Zero complaints of hidden replies on the backend, processed transactions, and advertised fees.
An array of forex brokers to select from, regardless of the traders’ starter package.
Comprehensive charges that reflect actual trades instead of ideally test transactions worked up on the backend.
On the whole, the entire setup adheres to the motto on the website. (See the quote below)
“Your Success is Our Business”
One nut to crack remains the blurry line between mere brokerage and securities offering. See the following section for details.
Is the Company Offering Securities?
The answer is NO.
My Forex Funds attaches a footnote explaining the severance of deposit and program purchases. Although a trader unlocks a series of trading options by purchasing a program from My Forex Funds, it does not constitute an investment deposit.
Here is a clip from the site.
MyForexFunds does not directly solicit customers from Canada. People who register for our programs do so of their own volition. MyForexFunds does not take into consideration your personal financial situation. If you require financial advice, it is recommended that you speak to a financial adviser or licensed professional. MyForexFunds does not act as or conduct services as a broker. MyForexFunds does not act as or conduct services as a custodian.
Regardless of the province in Canada, nothing in the prevalent jurisdiction makes My Forex Funds investment service. So, the company does not offer securities in any form.
You can boot any of three bonus-remitting programs from My Forex Funds using the link on the website.
- Rapid _ pays bonuses upon activation, earning profits from CFDs and Forex trading.
- Evaluation _ targets experienced traders who expect to reach targets in a two-phase process.
- Accelerated _ supports live trade on the get-go.
If you need some time to familiarize yourself with the process, join the newsletter for an update. (My Forex Funds does not have any demo option, since it is not a forex broker).
Here is how to join the mailing list.
Fill in the required details in the marked spaces in the slip below the Programs Webpage. The following information is required:
- Enter your NAME and EMAIL.
- Then click on Subscribe.
Is the platform Legit?
You can check a company for legitimacy using reliable records from known regulators.
So far, My Forex Funds seem to have sufficient regulation, although they are not highbrow. Check the terms of service and disclosures before signing up for a program.
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