Hidden MyForexFunds Rule that may hunt you in the future.
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- Опубликовано: 28 сен 2022
- #myforexfunds #mff #propfirm #ChikwadoTrading
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Хобби
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Thanks for the video and the information. I hope they will change these rules on the future. Regards!
If you pass all your challenges you get your refund back for every account ...and if you're good enough to get a few 100k accounts or whatever just don't trade your smaller accounts after clearing profits ....It's their rules and no loss to you .
Thank you for this helpful update. I have been considering going back to TFF as they seem more customer friendly.
Thank you so much for sharing. This is so useful to know!
things like this drive me crazy!! thankyou for highlighting this for us.. i was going to give them a try but this has changed my mind,,,ill give them a miss
glad that someone has mentioned it ..!
thanks for the information..
If any other MFF related hidden rules means just explain to the newbies
very insightful, thanks for sharing
This is very good info...that I didn't know about. Thank you,
Which is the best proprietary trading firm then for us traders?
Thanks for the info I didn't even know
That a key points. Some things should be done about it.
Perhaps the reason why they can't merge so many times is because of the different payout percentages 75% 80% and than 85% and probably also for their machines/systems to detect things like daily drawdowns on multiple accounts simultaneously, it would otherwise be nearly impossible for a human being to be checking so many traders account's and keeping track of them all and trying to make sure that they follow the rules.
At the end of the day, they have to protect their capital as well. It's business. Let's just hope that in future they'll get an upgraded technology that will allow multiple merging.
He should simply use a trade copier 👌
@@AgbalaChimexiePeople dont wanna pay for a copier
Breathtakingly unbelievable, this man named Loatedcyber is really got going and hasn't stopped yet. It gives us a greater understanding of him without negative interviews and antics, it just shows us who he is through recovery of funds from fake platform like CMB. True living legend. We salute you. Incredible recoveries. The execution, creativity, and kindness that came out of it was inspiring on so many levels. Cheers Loatedcyber and I look forward to seeing what you do next....
I was thinking of coming to my 4X but thanks for the info I won't be coming to them now.
Trading view allows trading on different accounts at once
My my my looks like you knew something was fishy 😂
Great video , Thanks for sharing that
i agree, a trader should be able to merge accounts until 1 account remains.
You assume there are real accounts. lol
@@TheTraderGuy you the one assuming
Can you tell me how My Forex Funds is able to know when you copy trades from someone? Is the chance big that my account will be suspended?
Thank you bro, the same issue I have been battling with. If a trader has been averagely profitable, I don't see the reason why accounts cannot be merged? I want to merge 2 $300k into one account making $600k, but that's not possible with MFF. This is unbelievable.
The max you can have in a Single Account is 300k so you can have 300k account in two places.
@@ChikwadoTradingAcademy Yes exactly, but I mean they should allow merging it into one account. They should amend their rules so that it can be merged.
@@ChikwadoTradingAcademy pls sir am really good in forex trading ,I keep journals of my trades..if you dnt mind to ask of...passed ftmo demo trial twice..but lack funding to take my self to the next level...pls I wundt mind u initiate me into your circle of traders 😔
@@lonelytrader.7349 get a MFFX prop account
Why not just use a trade copier
Have they fixed this issue? Give us an update bro!
I would just put it in a trade copier if you can't merge it. Unless there's a rule against that too
It appears you didn't watch the entire thing, He pointed out his issue with using a trade-copier
Seeing Loatedcyber's name mentioned everywhere makes me happy. I feel good and great knowing that I'm not the only person you helped. Thank you so much. God bless you.....
Well, is it only way to upgrade account
That's why True Forex Funds is #1
🔥🔥🐐
No Prop firm merges an account twice. It's not a new rules anyways.
An account can only be merged once. The same with so many other Prop firms out there including FTMO.
Good to know, that it's a prop firm-wide situation. This is why it's good to share information.
Xup man...pls where can I get the screen on the right? And what's d name pls
🤣🤣🤣🤣 i was looking at it
Hey bro please answer ASAP :!
Then we have to go for FTMO Or MFF.. According to you which is more safer for long term
Longterm safety always go with FTMO
Yo bro I was wondering if you have multiple accounts with MFF maybe 2x 300k accounts, are you allowed to have the same trades open?
Yes I can
*U*
@@ahmedmugala4150 ❤
Hello bro, how are their spreads like?
Commissions and Slippages are crazy on MFF to be honest. Payout if fast though.
@@ChikwadoTradingAcademy thanks for the info. Would you recommend a 2pip stop or will it be wise to give myself some buffer
@@wanderingsoul8406 give yourself some buffer ,play it safe
Can one use bot on MFF account
Please, how do I register and get funded?
You have to pay the fee for the selected plan
Please give me the other account since you're having issues keeping it. Thank you
❤❤🔥🔥🔥🔥
Hows the market execution when opening or closing a trade? Does it open/close when you want it to? Or?
Yes for the most part. Only had lags with high impact news runs when price moved crazy but it's not myforexfunds fault. I'm sure all platforms do it with those crazy fast runs
@@Iaminfiniteabundance yea definitely nothing you can do when news comes out 😂
@@PicklesAndPizza ya fr lol I learned my lesson
@@Iaminfiniteabundance just control your discipline thats the main thing
@@PicklesAndPizza facts. I traded news when I was pretty much brand new to trading. Got my stuff together now. Best of luck to u bro
nice video just texted ' i just had a livechat with them and asking if I can merge 4 of 20k usd account and they said yes I can
After they merge it, you can’t merge it again with another account.
@@ChikwadoTradingAcademy so, it means I must past accounts one by one and only at final account I am doing all merging at once. Seems multiple 100k accounts is better than one big in my point of view.
Use limit orders that's the only solution I see
this is how it is..
1 phase 1 account you need to trade 5 days after passing to go to phase 2 then another 5 days then live account phase 3 u need to wait 10 days then wait another 30 days to get payout and refund. i hate this about prop firms they want to delay pay out time as long as possible so u mess up.
Question please, what happens if you do not pass the evaluation, and you have broken a rule, maybe a drawdown rule, you don't complete the 30days in profit, will you be given a reset for free or you will have to pay for again?
If you breach any rule during Evaluation, you’ll need to pay for a reset. But if you don’t, you’ll get a free reset.
How can we get a free reset sir?
@@anifowosedaniel7515 after the 30 days are finished a button may appear to retest or you can just tell the customer service team
@chikwado does this apply to mff too?
@@ChikwadoTradingAcademy bro just use 'social trader tools" to link the trades on all the accounts. But ask them do they allow you to do so. Some firms have rules that you need to use different strategies for each account
Oga if you want big account buy one so there won't be all these headaches of marging this an that bikoooo...we have enough stress already about war in Ukraine and Russia..so forget about complaints
Hidden rules are disaster, my friend had similar situation with funded next
What was the rule she ran into
Does the drawdown apply on an open trade...if you're in profits and profits reduce does the 5% drawdown apply
Nah if your up 3% in a day you essentially get 7.9% to work with before hitting Daily drawdown (5%). This obviously resets the following trading day.
The 5% DD is FIXED for a day. It is not a trailing drawdown for a day. It resets every 5PM est. If you have an open position overnight, 5% of your equity at 5PM is your (trailing) Daily Drawdown.
I know its really annoying that they did this, but you can just set up a copy trader to all the accounts and still only trade 1 of the accounts while the copier is trading with the other accounts.
I heard some of the prop firms don't allow that.
@@Tooflymo Maybe some don't, but the main and most reputable/common ones do. In this case, we're talking about MFF...and MFF does allow copiers as long its from your own accounts.
@@tiffanylyndi71 ohh okay so MFF can be used as a slave is that correct? Where you can copy other personal or funded props as a master.
@@Tooflymo Only from another mff account not a personal. So copy between your own mff accounts
Your finished Recovery consistently reflect passionate determination and enthusiasm. Keep it up Loatedcyber And thanks for retrieving my usdt back completely....
Is hedging allowed in my forex fund?
Yes in My Forex Fund you can definitely hedge. The account is even called a hedging account.
NO. In all brokers, NO. You may search in YT how to do it legally like using 2 brokers or choosing 2 currency pairs that moves in parallel or in opposite direction.
@@acechannelinternational8120 MFF is not a broker. Its a prop fund.
@@karlp4222 I know. Actually, it is proprietary FIRM. I've read in MFF that buying and selling at the same time is illegal.
this is so bad, anything changed in this 2 months?
How about IP address Rule. ?
Last time I asked (couple weeks ago) no limitations on using different IPs
MFF is frozen now!
if you merge accounts ... lets say 1 million $ you will lose it all if 10% reached....take your money and start an new account on other broker
I agree , Trading on prop firms is just to gain bigger capital for cheap then when you have enough withdrawl and trade alone with a broker
why don' t you simply write a python script which can login into several accounts and place orders from a single script to multiple accounts, all at once with different quantities with respect to the capital present in the different accounts?
All you will have to do is, you will replace the symbol value from the script, and enter the price and type of order that you want to place and then run the scipt.
I don't have experience coding in Python
What is python?
@@szlpharmacology1330 it's a programming Language
Not hidden
People join them without any research & program comparison.
That’s what hidden rules are meant to do. You won’t know the rule is there till you get there
Chikwado Biko how can I connect with you.
@hossana.chikwado on Instagram. Follow and send a message
@myforexfunds have to look into this. It's a real turn off
Loadedcyber act of kindness and the way he provides his money recovery service shows that he is a professional at what he does...........
@myforexfunds
Breathtakingly unbelievable, this man named Loatedcyber is really got going and hasn't stopped yet. It gives us a greater understanding of him without negative interviews and antics, it just shows us who he is through recovery of funds from fake platform like CMB. True living legend. We salute you. Incredible recoveries. The execution, creativity, and kindness that came out of it was inspiring on so many levels. Cheers Loatedcyber and I look forward to seeing what you do next....
Seeing Loatedcyber's name mentioned everywhere makes me happy. I feel good and great knowing that I'm not the only person you helped. Thank you so much. God bless you.....
Your finished Recovery consistently reflect passionate determination and enthusiasm. Keep it up Loatedcyber And thanks for retrieving my usdt back completely....
Loadedcyber act of kindness and the way he provides his money recovery service shows that he is a professional at what he does...........