FAQ
Frequently Asked Questions
Category
HOW TO GET STARTED
Before you begin and decide to take on the MyFundingAccount Challenge, we want to ensure that you understand the entire process.
After creating your account, you can choose one of two paths. First, you can select the My Funding Account Challenge right away, or you can opt for our Custom Educational Program, which has been prepared based on years of experience and effective trading methods in the financial markets. This program provides you with step-by-step guidance to acquire concrete knowledge and trading skills, preparing you to tackle the Challenge. At any point during your educational program, you can approach the Challenge whenever you feel ready.
If you are ready to take the MFA Challenge, you can start here. I’m joining the My Funding Account Challenge.
Important! If you complete the Educational Program, you will receive an MFA certificate for passing the final exam. Completing the course also qualifies you for one free My Funding Account (Challenge).
There are no special requirements to join MFA. The only requirement is being of legal age, which means anyone who wants to take the Challenge must be at least 18 years old. If you are capable of trading in the financial markets, manage risk effectively, and understand the market’s specifics, you are the person we are looking for.
Due to the geopolitical situation worldwide, legal restrictions, and business decisions, My Funding Account does not accept clients residing or registered in countries such as Iran, Syria, Myanmar, and North Korea, individuals listed under sanctions, individuals with a criminal history related to financial crimes or terrorism, and individuals who have previously been banned due to contract violations.
Due to regulatory changes and business decisions made based on risk management issues, My Funding Account does not serve clients from India, the Russian Federation, the Republic of Belarus, and the Republic of Indonesia. This restriction applies to residents of India, Russia, Belarus, and Indonesia, not to citizens of these countries living abroad who can provide proof of address.
Contrary to what you may see online and in various broker offers, trading is a challenging endeavor. Yes, it offers incredible opportunities and plenty of profit potential, but it is not without risk. Brokers often don’t emphasize this, but trading can present numerous challenges.
-Trading with your savings or on a small capital base
-Emotions, fear, and greed conflicting with sound trading decisions
-Psychological pressure
-Lack of proper preparation and knowledge
-Lack of proven trading methods
-Lack of discipline and capital management
-Isolation and lack of support from your environment
Building a solid business based on trading and making money from the stock market is demanding. With MyFundingAccount, you can gain access to an account that can reach $200,000, allowing you to trade without risking your own money, and receive up to 90% of the profits you generate.
Imagine generating a monthly profit of 1-2%, which translates to $2,000 – $4,000 in earnings.
We understand what traders need to build a business and achieve success. Simply having access to a large capital is not enough to make profits. We have created a Custom Educational Program that has helped over 2,000 individuals gain concrete trading skills for over three years. It is a structured solution divided into educational stages, enabling you to gradually understand the market’s specifics, capital and risk management models, several effective strategies developed for various market conditions, and countless practical trading experience where you acquire skills, not just read about them.
By joining the program, you can forget about over-trading, emotions taking control, or taking excessive risks.
Go through this program step by step and earn a certificate that confirms your trading skills.
The process is very simple; all you need to do is successfully complete the Two-Stage Evaluation Process.
Stage 1: Challenge
You will receive access to a demo account where we evaluate your skills. Here, you will find goals and conditions that are necessary for you to successfully complete the first stage of the challenge. If you manage to meet the conditions, you will proceed to the second stage.
Stage 2: Verification
The second stage is meant to confirm that the positive verification in the first part is a result of your trading skills in the financial markets. You will receive access to a demo account where, just like in the previous stage, you must fulfill specific conditions. Visit the trading goals page for details.
Upon successful completion of the verification stage, you may have the opportunity to become a MyFundingAccount trader after our assessment of your trading. To establish an agreement for managing a MFA, we will ask you to provide proof of identity (passport, ID card) and complete the identification process. The conclusion of the agreement is subject to the completion of identification procedures in accordance with MyFundingAccount’s internal policy.
After creating an account on our server, proceed to choose the size of the challenge. Once you submit your order and make the payment for the Challenge, you will receive an email confirmation with further instructions.
Category
GENERAL
MyFundingAccount is a project created by traders for traders. We have developed practical solutions for individuals who trade in the financial markets and are looking for new opportunities. With years of trading experience, we understand what is essential for traders to achieve success. We have created two paths that allow you to build a structured business in the financial markets.
You can choose MFA Challenge now if you feel that you already possess all the necessary skills and knowledge to gain access to an account with capital.
If you need knowledge, effective strategies, and step-by-step education, you can take advantage of our Custom Educational Program, designed to prepare you to complete the Challenge and trade on an account with capital upon its completion.
We have created a two-stage verification process that allows us to assess your trading skills. After successfully completing the verification process, you gain access to a MFA where you can trade and earn profits, receiving up to 90% of the profits you generate.
We are well aware of the market’s specifics and numerous companies, as well as brokers, that have severely damaged traders’ trust in such solutions. We understand how crucial reputation and transparency are in business, so we will share the most important information with you.
MFA is a company that has received approval from the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) which operates on behalf of the Polish government and oversees all financial institutions in Poland, ensuring the company’s integrity and the interests of its clients. You can see our office in the center of Katowice, Poland, and the entire team working on the most advantageous solutions for you. The company operates in accordance with Polish and European Union regulations.
We often welcome our clients into our programs. It is our clients who will speak about us because their feedback is the most important confirmation of our actions.
You can check our ratings and reviews on platforms like TrustPilot, Google, Facebook, and Youtube. These platforms also showcase feedback from our clients and their experiences. You can also join our community on Discord now to meet many wonderful people, inquire about and learn about first-hand experiences and opinions.
The company’s headquarters are located in one of the most beautiful cities in Europe and Poland, a jewel of Central Europe. MFA is situated near the iconic object called „Spodek” in Katowice, at Aleja Wojciecha Korfantego 138A street. You can find us on the seventh floor of a modern skyscraper, in a spacious office area where we would be happy to welcome you. Please contact us in advance so that we can inform the reception of your visit.
You can also contact us via the 24/7 Live Chat, and email messages are also welcome.
Absolutely! At MyFundingAccount, we rely on our own experiences in the financial markets, so we understand what traders need. Here’s what we’ve prepared for traders:
✔️ Custom Educational Program: This solution is designed for every trader, regardless of their level of knowledge. We have created a specific and comprehensive program that, step by step, allows you to acquire new skills, extensive knowledge of the markets, and effective trading strategies. We also address psychological aspects and financial management. These dedicated solutions help you manage emotions, minimize the risk of making poor trading decisions, and structure your trading. And that’s just the beginning; you can learn much more here.
✔️ Live Trading Room: You gain access to over 20 hours of live trading sessions every week. You can observe what we are doing, how and why, in real-time. You get a front-row seat to our trading activities in the financial markets. Click here to join the Live Trading Room.
Category
Challenge Rules
The minimum requirement to complete the MyFundingAccount Challenge is trading for at least 5 trading days (these do not have to be consecutive days). The same applies to the verification phase, where we once again require you to trade for at least 5 trading days.
The maximum trading duration in the first stage can vary depending on the type of challenge, from 30 to 60 days. In the second stage, it is always a total of 60 days.
The MyFundingAccount Challenge is the first step in evaluating your trading skills. Before you can access the MFA account, we need to ensure that you can trade responsibly and manage risk properly because in the future, we may use your simulated transactions conducted through the MFA account when trading on our own real financial markets. Stage 1 has reasonable rules in which the target profit is balanced with acceptable risk.
The verification stage is the second and final step in our assessment process. The goal of the verification stage is to check the consistency of your trades. We need to ensure that, over the long term, you can trade profitably with your system or strategy while adhering to the rules.
As a MyFundingAccount Trader, your trading skills and risk management have already gained our trust. Therefore, we offer you the best trading conditions in the industry. With your comfort in mind, we have eliminated the requirement to achieve a specific profit so that you can trade without stress and with complete peace of mind. The only requirements we have for you are to adhere to risk-related rules, such as maximum daily loss and overall maximum loss. These rules are crucial because they not only provide a solid foundation for trading but also allow us to use data from your simulated transactions to conduct real operations in financial markets.
After successfully completing all the trading objectives in the challenge (passing both stages), you will receive a notification on your account confirming your success. You will no longer need to trade on this demo account, as your trading objectives will be marked as completed. We will automatically be notified of your successful completion of the Challenge and proceed with the appropriate evaluation of your trading performance.
We will provide you with new login details for your MyFundingAccount with a specific amount, depending on which Challenge you undertook.
During Stage 1 and Stage 2 of our My Funding Account challenge, you can trade without any exceptions.
However, once you have access to the MFA account, trading during events with significant market impact („high impact”) is prohibited.
Important! You can trade on financial instruments that are not affected by the specific event. For example, during the NFP report, you can trade currency pairs like EUR/GBP, AUD/NZD, and others, but you cannot trade currency pairs like USD/JPY, GBP/USD in the 2-minute window before the event, during the event, and 2 minutes after the event.
It’s your choice what you trade and the methods you use. As long as you adhere to our regulations and conditions (risk management), there is no reason to impose any restrictions on your MyFundingAccount. During trading, remember to align your trading style with real market conditions. We do not impose requirements for using specific tools such as Stop-Loss or Take Profit, but we recommend that your strategy is based on effective risk management.
If you’re unsure whether your strategy will work in financial markets, you can check out the proprietary Educational Program designed to prepare traders for the MFA challenge and trading in financial markets.
You can view the account specifications directly on the trading platform. Please review the offerings and conditions of each instrument you are trading.
The leverage offered by us is up to 1:100 (Forex), and it cannot be increased. Upon request, leverage can be reduced.
You can trade on one of the most popular and respected platforms, Match2Trade, during Stage 1 – Challenge, Stage 2 – Verification, and after gaining access to your MyFundingAccount.
You will trade on the same account balance that you used during your MyFundingAccount challenge. If you traded with $200,000 as part of the challenge, you will also have access to an MFA account with a balance of $200,000.
To avoid any misunderstandings, please remember that all accounts provided to our clients are simulated accounts with virtual funds. When a client becomes a MyFundingAccount Trader, they receive login credentials for the MFA account. Clients are entitled to up to 90% of the profits generated on the MyFundingAccount
You can have a maximum of 3 Funded accounts. There is also a maximum capital allocation limit of $600,000 USD (with normal risk configuration before scaling) per trader if you are a MyFundingAccount Trader.
Category
Withdraw
Although MFA Traders operate with virtual capital, they have the opportunity to earn real money as rewards if they can generate a „profit” on the MFA Account. This means that success in trading with virtual capital, demonstrating their skills, and proving the value of the data collected in the process can be rewarded.
Profits in the MFA account are typically divided on a monthly basis, with the option to request a withdrawal after 14 calendar days from the date of the first transaction on the account.
Withdrawals are processed within 1-2 business days after confirming the withdrawal request. You can receive your profits through a regular bank transfer, Skrill, or cryptocurrencies. There are no withdrawal fees.
* Due to imposed fees for payout transfers, there is a minimum closed profit requirement of at least $20 for bank wire and $50 for crypto payouts, to cover the cost of a transaction.
Remember that you are obligated to report your income and pay taxes in accordance with the laws of the country where you are registered and file your taxes.
Category
Orders and Settlements
You can pay for the MyFundingAccount Challenge using a bank transfer, credit or debit card, and cryptocurrency.
No, we do not charge any additional hidden fees. The one-time fee for the MFA Challenge covers everything, including Stage 2 – Verification, and there are no recurring fees with us.
We begin processing your MFA Challenge account immediately upon receiving the payment. Typically, processing an MFA Challenge account takes no more than 24 hours. In rare cases, it may take up to 48 hours to create the account.
Once we’ve created your trading account, you will receive an MFA Challenge notification via email, and the login details for the trading platform can be found directly in the Client Area. Please monitor your email inbox, including spam folders, for updates.