At MyFundedFX, we provide traders with flexibility in choosing their simulated trading styles and simulated strategies. However, we do have restrictions in place to prevent abusive practices and ensure fair simulated trading experiences. Please find below a comprehensive list of prohibited simulated trading practices. Violation of any of these requirements will result in immediate failure and closing of your demo account:
1. Copy Trading:
- Engaging in simulated trades that mimic another trader or group of traders across multiple accounts.
- Using market-purchased Expert Advisors (EAs) that facilitate copy trading. To mitigate possibly violating this rule, we recommend using different set files or adjusting settings.
2. Simulated Reverse Trading/Group Simulated Hedging:
- Simulated Hedging or executing simulated reverse trades within a single demo account is permissible.
- However, executing a simulated buy trade on one demo account and a simulated sell trade on another demo account is prohibited. This violates the rule against simulated reverse trading or simulated hedging across multiple demo accounts.
- Simulated Group hedging involves individuals coordinating opposing positions across one or multiple prop firms or simulated prop firms to reduce/eliminate risk and exploit prop firm or simulated prop firm rules. This practice is also prohibited.
3. Demo Account Management Services:
- Purchasing or providing live account or demo account management services or engaging in prop firm or simulated prop firm passing services is strictly forbidden.
- Sharing your demo account information or allowing someone else to pass a challenge on your behalf is prohibited. Violation of this rule will result in the loss of all involved demo accounts.
4. Simulated HFT (High-Frequency Trading):
- Simulated High-frequency trading (HFT) is strictly prohibited at our firm.
- Engaging in simulated HFT methods will be considered a violation, and demo accounts associated with such practices will be terminated.
We maintain these restrictions to uphold a fair and transparent simulated trading environment.
Disclaimer:
All content published and distributed by MyFunded Solutions LLC out of Delaware, MyFundedFX, and its affiliates (collectively, the “Company”) provided for general informational and instructive purposes only. None of the information provided by the Company or contained herein is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of, any security, investment, company, or fund. Leveraged products such as CFD’s and FX trading are complex instruments with a high risk of losing money. Please note; The information on the website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation. Copyright (c) 2023. All right Reserved. MyFunded Solutions LLC out of Delaware.