{"firm":{"id":"myforexfunds","name":"MyForexFunds","slug":"myforexfunds","tier":3,"website":"https://myforexfunds.com","markets":["forex","indices","commodities"],"platforms":["MT4","MT5"],"evaluationType":"2-step","drawdownType":"static","accountSizes":[{"size":10000,"fee":84,"currency":"USD","dailyLossLimit":500,"maxDrawdown":1200,"profitTarget":800},{"size":50000,"fee":249,"currency":"USD","dailyLossLimit":2500,"maxDrawdown":6000,"profitTarget":4000},{"size":100000,"fee":499,"currency":"USD","dailyLossLimit":5000,"maxDrawdown":12000,"profitTarget":8000}],"phases":{"phase1":{"dailyLossPct":5,"dailyLossType":"equity","maxDrawdownPct":12,"maxDrawdownType":"static","profitTargetPct":8,"minTradingDays":5,"newsTrading":"allowed","weekendHolding":true,"overnightHolding":true,"consistencyRule":null},"funded":{"dailyLossPct":5,"dailyLossType":"equity","maxDrawdownPct":12,"maxDrawdownType":"static","profitTargetPct":null,"minTradingDays":null,"newsTrading":"allowed","weekendHolding":true,"overnightHolding":true,"consistencyRule":null}},"payoutSplit":{"start":75,"max":85},"payoutFrequency":"No longer operational","eaAllowed":true,"copyTrading":true,"inactivityDays":null,"description":"CLOSED (August 2023). MyForexFunds was shut down by the CFTC and Canadian regulators. Was one of the largest retail prop firms before closure. Included for historical reference and trust comparison.","prosAndCons":{"pros":["Was very popular with low fees","Had generous 12% max drawdown","Copy trading was allowed"],"cons":["SHUT DOWN by CFTC in August 2023","Accused of operating as unregistered dealer","Payout disputes before closure","Serves as warning about regulatory risk"]},"trustScore":null,"isActive":false},"_links":{"self":"https://runvigil.app/api/firms/myforexfunds","allFirms":"https://runvigil.app/api/firms","rules":"https://runvigil.app/rules/myforexfunds","trust":"https://runvigil.app/trust/myforexfunds","review":"https://runvigil.app/reviews/myforexfunds","simulator":"https://runvigil.app/tools/trailing-drawdown-simulator/myforexfunds"}}