MyFundedFx Announces January 2025 Trading Competition

MyFundedFx has announced its January 2025 Trading Competition, offering aspiring traders a chance to win funded accounts and cash prizes. The competition allows participants to showcase their trading skills and secure significant career funding. With exciting rewards and strict rules, it’s an opportunity for traders to prove their abilities.

The prizes include up to $2400 in real cash and $725k in challenge accounts for the top performers. The competition’s top prizes feature 100K challenge accounts, raising the stakes for all participants. The rules are designed to test various trading strategies and risk management techniques. Contestants will trade with a 100K account size, facing a strict daily drawdown limit of 5% based on the current balance and a maximum overall drawdown of 8% based on the initial balance.

Traders must also avoid using expert advisors and execute all strategies manually. Additionally, there is a limit of 5 lots across all assets at a time, ensuring traders remain disciplined in their position sizing. 

MyFundedFx Announces January 2025 Trading Competition

A unique aspect of this competition is that news trading is allowed, allowing participants to capitalize on volatile market events. Swing trading is also permitted, offering traders flexibility in approaching the markets. To ensure fairness, MyFundedFx restricts each household to one account, preventing multiple entries from the same individual or group.

The rewards for the top performers are impressive. The first-place winner will receive a $1200 cash prize and a 100K challenge account, which offers the opportunity to trade with real capital. The second and third-place finishers will take home $650 and $350, respectively, along with their 100K challenge accounts. Smaller cash prizes and challenge accounts are available for participants finishing 4th to 50th. The 25K challenge accounts go to 4th and 5th place, while 10K accounts are awarded to those ranked 11th to 20th. Participants from the 21st to the 50th will receive 5K challenge accounts.

This competition offers a valuable platform for traders to demonstrate their skills and potentially earn funding to scale their trading business. With various prizes and rules designed to test multiple trading strategies, MyFundedFx’s January 2025 competition promises to be an exciting event for seasoned and emerging traders.

Summary Of The News

MyFundedFx has launched its January 2025 Trading Competition, allowing traders to win funded accounts and cash prizes. The competition features a 100K challenge account with strict drawdown limits, allowing news and swing trading. Top performers will receive cash rewards and challenge accounts ranging from 5K to 100K. This event provides a platform for traders to showcase their skills and secure funding for future trading opportunities.

Also, Read More About The Firm By Clicking Here.