MyFundedFX released statistics showcasing the outcomes of their Challenges for the previous week. The report also indicated a significant number of traders who participated in the firm’s challenges faced difficulties, with over 7,000 individuals failing to meet the required criteria.
In the report, MyFundedFX shared the following statistics:
MyFundedFx Challenges Statistics
The numbers suggest that a substantial portion of traders did not meet the firm’s challenge objectives. MyFundedFX’s evaluation process is renowned for its criteria, which test traders’ skills and risk management abilities. Those who successfully pass the evaluation gain access to the firm’s capital for trading activities.
The high number of traders who failed the evaluation raises questions about the competitiveness and difficulty of the challenge. MyFundedFX has gained a reputation for its challenges, and the latest stats underscore the challenges that traders face when attempting to secure a position with the firm.
MyFundedFX remains committed to offering opportunities for skilled and determined traders to excel in the world of prop trading. The firm also provides support for traders, aiming to help them develop the skills necessary to succeed in this demanding field. The firm’s commitment to providing opportunities for traders to grow and succeed is an integral part of its mission.
MyFundedFX’s recent report reflects the competitive nature of prop trading and the challenges faced by traders aspiring to become part of the firm. As the prop industry evolves, MyFundedFX remains dedicated to identifying and nurturing exceptional trading talent, ultimately fostering success for the firm and its traders.
About the Firm
MyFundedFX offers traders two different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm’s capital, meaning that they will cover all losses.