My Forex Funds is a proprietary trading firm founded in July 2020 whose CEO is Murtuza Kazmi. Here are some interesting facts about the firm:
- Over 12k Trustpilot reviews with an excellent score of 4.9/5
- Direct funded account sizes from $2,000 to $50,000
- Trader receives account fees back +12% on the first payout
- 2% and 4% phase bonuses from the evaluation stages
- Unlimited evaluation-free retries
- Low commission costs
My Forex Funds VWAP Installation
At My Forex Funds, they are always looking for real traders who can trade real conditions. To be sure that their traders are successful in real conditions, My Forex Funds has announced the VWAP Installation. They installed VWAP (depth of market) on their trading servers.
Whether or not you are trading on the phases or on your live account, you will now be trading on the depth of the market, which are true market conditions (obviously rapid, and phase 1 and 2 traders do not take out liquidity on the real market).
Some people refer to it as ECN some people wrongly call it STP. Whereas some people don’t realize that most retail price feeds and execution engines are just simulations, and that’s how spreads can often touch 0. My Forex Funds liquidity hub includes almost every tier 1 and 2 liquidity provider, as well as hundreds of brokers from around the world.
The top of the book (best available price) is as good as it gets on the real market, and liquidity also includes other traders at My Forex Funds (which, a lot of the time, can order match a large portion of the order flow internally).
My Forex Funds also said that the installation on VWAP, in most instances, this change will go unnoticed by traders. Especially traders who trade reasonable lot sizes and aren’t using all their margin or doing things like news straddling. If you are considering going all-in on your accounts, understand that there is not unlimited liquidity in any market, all in is not trading.
The prop firm also shared that they have special announcements in the next few weeks. We are looking forward to the new updates. Well, if you are not fully aware, My Forex Funds is an excellent prop firm. You can read about them in detail in the Review. And for a 5% discount, use our discount Code (forexpropreviews5).