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My Forex Funds - Discussion/Q&A

  • #441
  • Jul 8, 2022 4:34am Jul 8, 2022 4:34am
Please whats your exchange rate, USD to NGN
  • #442
  • Jul 8, 2022 2:04pm Jul 8, 2022 2:04pm
Quoting DrealCharley
Please whats your exchange rate, USD to NGN
Hello,

We don’t exchange Naira to USD. You need to contact with your card/account provider or bank to learn the exchange rate.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #443
  • Edited 4:50pm Jul 8, 2022 2:08pm | Edited 4:50pm
Quoting Sc11
hello MFF, do you offer unlimited free retakes for phase 1 & 2 if you finish in profit but not enough to meet the profit target (& have not violated the other rules)?
Hello,

Yes, we offer unlimited free retries on your phase 1 and phase 2 account as long as your account ends up in profits after the trading period without any violations.

I hope this makes it clear for you.

Edit: We give our retakes if you are profit in either phase 1 or phase 2. If you qualify for a retake in phase 2, you will start in phase 1 again.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #444
  • Jul 14, 2022 1:54pm Jul 14, 2022 1:54pm
Hello MFF I have a question, I am thinking of acquiring an evaluation account of 10,000 usd but I only operate the DAX (GER30), in the accounts that I use to practice from different brokers, the amount traded is moderately high.
I want to know what is the commission per lot traded in CFDs on indices, more specifically in the GER30?
Beforehand thank you very much
  • #445
  • Jul 14, 2022 6:30pm Jul 14, 2022 6:30pm
Quoting JaimeAlejan
Hello MFF I have a question, I am thinking of acquiring an evaluation account of 10,000 usd but I only operate the DAX (GER30), in the accounts that I use to practice from different brokers, the amount traded is moderately high. I want to know what is the commission per lot traded in CFDs on indices, more specifically in the GER30? Beforehand thank you very much
Hello Jaime,

We do not have any commissions on indices. You won’t be paying commissions to your dax trades.

However, I suggest you to open the smallest position to understand how our lot sizes work. Our contract size is 1 instead of 10 like other brokers/servers. I assume if you can get the grip of calculating your lot sizes, you won’t have any issues.

I hope this helps.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #446
  • Jul 21, 2022 12:24am Jul 21, 2022 12:24am
Quoting MyForexFunds
{quote} Hello Jaime, We do not have any commissions on indices. You won’t be paying commissions to your dax trades. However, I suggest you to open the smallest position to understand how our lot sizes work. Our contract size is 1 instead of 10 like other brokers/servers. I assume if you can get the grip of calculating your lot sizes, you won’t have any issues. I hope this helps. Sincerely, Yavuz Karadeniz Director - Customer Care www.myforexfunds.com
Hello
Could you please give a link for indices spreads
  • #447
  • Jul 21, 2022 6:58am Jul 21, 2022 6:58am
Quoting Feelas
{quote} Hello Could you please give a link for indices spreads
Hello Feelas,

Here is a screenshot of the list of spreads for indices in our server. Screenshot is taken couple minutes before this reply.

I hope this answers your question.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
Attached Image (click to enlarge)
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  • #448
  • Jul 21, 2022 7:58am Jul 21, 2022 7:58am
Excellent ..
  • #449
  • Jul 28, 2022 10:46am Jul 28, 2022 10:46am
For MFF, will I get paid already on the first month of demo trading by 12% of the total month profit?
  • #450
  • Jul 28, 2022 2:43pm Jul 28, 2022 2:43pm
Quoting williamhu
For MFF, will I get paid already on the first month of demo trading by 12% of the total month profit?
Hello Williamhu,

You are asking a question about our rapid model. The profit split on rapid model is 12% based on your profits for that pay period. If you have CEA rapid account you will get paid 12% of the profits on biweekly basis, if you have NCA rapid account you will get 12% of the profits every 4 weeks.

You might want to checkout our accelerated account as well if you wish to get paid without any evaluation processes. I will leave a link below for our accelerated model.

https://myforexfunds.com/accounts/accelerated-program/

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #451
  • Aug 1, 2022 3:02pm Aug 1, 2022 3:02pm
Quoting MyForexFunds
{quote} Hello Feelas, Here is a screenshot of the list of spreads for indices in our server. Screenshot is taken couple minutes before this reply. I hope this answers your question. Sincerely, Yavuz Karadeniz Director - Customer Care www.myforexfunds.com {image}
Hello
Can I pay with Virtual Visa Card ?
  • #452
  • Aug 3, 2022 6:48pm Aug 3, 2022 6:48pm
Hello, I'm hearing people recently talking about spread manipulation from MFF.

They are posting screenshots on their iG accounts and I was wondering if there has been any improvements on spreads since last year?

If so, what have you done to improve the spreads for your traders?

Thanks
  • #453
  • Aug 9, 2022 8:45pm Aug 9, 2022 8:45pm
I had 4 orders which should have been TP but they werent GBPAUD

2 Sell orders that i executed at 1.73318 and 1.73401 with TP at 1.73280 however even thogh the price went much below the TP at 1.72985 my orders were not TP were not executed adn then were SL. Even in SL the Price was set at 1.73720 but it hit at 1.73806.
Order numer 46892252 and 46897220

My 2 pending orders of GBPAUD sell around 1.73170 and 1.73140 with TP set 1.73120 were executed at 1.72987. What is going on, each order should have been TP?
46887326 and 46891105
  • #454
  • Aug 9, 2022 9:37pm Aug 9, 2022 9:37pm
Quoting Saurabh.ain
I had 4 orders which should have been TP but they werent GBPAUD 2 Sell orders that i executed at 1.73318 and 1.73401 with TP at 1.73280 however even thogh the price went much below the TP at 1.72985 my orders were not TP were not executed adn then were SL. Even in SL the Price was set at 1.73720 but it hit at 1.73806. Order numer 46892252 and 46897220 My 2 pending orders of GBPAUD sell around 1.73170 and 1.73140 with TP set 1.73120 were executed at 1.72987. What is going on, each order should have been TP? 46887326 and 46891105
Looks to me like you have made the rookie mistake of trading at rollover. Did all of the above occur at 5 pm eastern or 00:00 on your platform?
  • #455
  • Aug 10, 2022 4:08am Aug 10, 2022 4:08am
Quoting Feelas
{quote} Hello Can I pay with Virtual Visa Card ?
Hello,

Yes, you can pay with virtual credit cards, it wont be a problem at all.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #456
  • Aug 10, 2022 4:13am Aug 10, 2022 4:13am
Quoting Saurabh.ain
I had 4 orders which should have been TP but they werent GBPAUD 2 Sell orders that i executed at 1.73318 and 1.73401 with TP at 1.73280 however even thogh the price went much below the TP at 1.72985 my orders were not TP were not executed adn then were SL. Even in SL the Price was set at 1.73720 but it hit at 1.73806. Order numer 46892252 and 46897220 My 2 pending orders of GBPAUD sell around 1.73170 and 1.73140 with TP set 1.73120 were executed at 1.72987. What is going on, each order should have been TP? 46887326 and 46891105
Hello Saurabh,

I will send you a DM in a bit to get your registered email and account number with us so we can investigate what happened with those trades you mentioned.

As @pipmaster77 said above, you might experienced the spread widening during rollover. It is something pretty normal in live market conditions but we would like to make sure what happened and see if we can help.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #457
  • Aug 10, 2022 7:44am Aug 10, 2022 7:44am
GBPAUD, SL hit when the price never reached the SL price. Would have been TP, feels like MFF is forcing us to loose.
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Trading is about earning money while preserving capital.
  • #458
  • Aug 10, 2022 8:12am Aug 10, 2022 8:12am
Quoting tony.stark
GBPAUD, SL hit when the price never reached the SL price. Would have been TP, feels like MFF is forcing us to loose. {image} {image}
I feel like broker support....just a wild guess here.......did this occur at 8:30 EST, when the red news of US CPI came out? You cannot trade the news or at rollover without expecting slippage, especially on pairs like GBPAUD and GBPNZD.
  • #459
  • Aug 10, 2022 8:28am Aug 10, 2022 8:28am
Quoting pipmaster77
{quote} I feel like broker support....just a wild guess here.......did this occur at 8:30 EST, when the red news of US CPI came out? You cannot trade the news or at rollover without expecting slippage, especially on pairs like GBPAUD and GBPNZD.

Doing gods work.

Yes lots of people crying about news release. CPI data comes out with 0 inflation growth unexpectedly market shit the bed and people think spread will be stable.
  • #460
  • Aug 20, 2022 8:01pm Aug 20, 2022 8:01pm
Can we add evaluation or live account to Forex Factory Trade Explorer? I don't see the broker option in trade explorer for Traders Global Group
Holy Grail - Patience and Acceptance
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