Why would you want an alternative to MY FOREX FUNDS?
As the above denotes, where My Forex Funds stands out in negative light from its peers is with the rules. Nearly all the prop firm challenges come with some restrictions, but My Forex Funds are undeniably on the rule-heavy end of the spectrum. Sure, they are generous with weekend trading and there are over 100 instruments on offer, but the drawdown limits will put off many a trader. Each program – and account size therein – comes with its own set of complex rules and restrictions, and traders would be well-advised to do their homework before deciding if this prop firm is right for them.
What other users do not like about My Forex Funds
My Forex Funds TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, My Forex Funds has currently 13.5k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.90/5.00.
What to look for in a MY FOREX FUNDS Alternative?
With the above in mind, here is what we would suggest as an alternative to My Forex Funds: a propriety trading firm which fills in the gaps above. Ideally you want to keep the good and add the missing features.
In stark contrast to the complexity of MFF, ideally you want an innovative platform which is trader-oriented and offers low to no restrictions on trading conditions. A Firm that should focuses on a funding model, which is built around a very simple process, governed by simple and clear rules and not bound by time deadlines and restrictions. Unlike other prop firms, such as MyForexFunds (MFF), you are after an alternative prop firm where there are no time limits imposed on the Challenge, catering for the different trading styles and strategies of traders. Thus, traders are granted the freedom to pass the Challenge at their own pace, whether that takes 2 hours or 2 months.
In sum, when you are after a better proprietary trading firm than MyForexFunds you need to look for the following:
- Proprietary trading firms that have no time limitation requirements.
- A program that is built on a minimal and simple rules increasing your odds of success.
Best MY FOREX FUNDS alternatives – Proprietary Trading Firms like (or better than) MY FOREX FUNDS
Rating breakdown
Things we liked:
Exclusive Discount Code (20% Off Exclusive Offer)Unlimited time for completion
Real Funding and Daily Payouts
Things we didn't like:
High challenge difficultyFunderPro Overview
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
Rating breakdown
Things we liked:
Unlimited evaluation free retries (Exclusive Refund Code 120%)No restrictions on trading style
Overnight and weekend holding allowed
A large variety of trading instruments
Things we didn't like:
Consistency rule for express accountsNo free trials available
Minimum 5 trading days
FundedNext Overview
In 2022, Next Ventures launched a new platform: FundedNext was live. The prop firm quickly made a name for itself by its generous capital allowance: a staggering $4 million was on the table for FundedNext traders who get to keep 90% of any profits made.
Rating breakdown
Things we liked:
Exclusive Discount Code (10% Off Exclusive Offer)No Trading Restrictions
MetaTrader4, MetaTrader5
Things we didn't like:
Minimum Trading DaysTrailing Drawdown
FXIFY Overview
FXIFY is a London-based proprietary trading firm that provides traders with access to up to $400,000 in capital, which can be scaled up to $4 million. Co-founded in 2023 by David Bhidey and Peter Brown, FXIFY offers flexible assessment programs, including One-Phase and Two-Phase options.