Articles

My Funded FX Modifications On Their 2-steps Prop Plan Programs

My Funded FX has released a statement regarding internal corporate changes. This is a reaction to the industry’s rapid evolution in a number of areas, which has made it necessary for businesses to adjust to the ever-changing market and industry conditions.

Their 2-Step Pro strategy hasn't taken off as swiftly as their other two initiatives since it launched. But the kind of traders it is drawing in now isn't the same as the kind of traders they want to work with in the long run.

In order to maintain the organization's long-term viability and adjust to changing market conditions, My Funded FX is making adjustments to its 2-Step Pro Plan. There will be two significant changes to the updated strategy. They will raise the profit target for phase 1 to 10% in order to maintain a 1:1 ratio between drawdown and profit target, which is considered the long-term industry standard. They will lower the price of the 2-Step Pro plan to correspond with the cost of their other offerings.

These modifications won't have an impact on any current 2-Step Pro program participants, who can carry on with their trading operations as usual. My Funded FX recognizes that these changes could affect consumers who trade with this plan and shape public opinion. Nonetheless, they maintain that these adjustments are essential to their company's long-term viability. They also have faith that other businesses that haven't made these adjustments yet will eventually do the same.

Author : Prop Connect
Publish Date : 06 December 2023

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