My Forex Funds Price and Leverage Changes Announcement!
My Forex Funds, a leading forex prop trading firm, recently unveiled alterations to its price and leverage. Although originally set to commence on August 1st, the changes are now postponed to September 1st for an additional assessment period. This provides traders with extra time to adjust to their new financial landscape.
Key Updates from My Forex Funds
Multiple elements form the core of this announcement including:
- The introduction of Unlimited Trading Days: As of July 13, 2023, My Forex Funds added an unlimited trading days period to both phases of their evaluation process.
- Postponed Price Change: The alteration in price was delayed until September 1st. This decision was taken to help traders acclimatize to the revamped pricing structure.
- CFD Leverage Update: Along with these shifts, there is also a substantial update regarding the CFD leverage that My Forex Funds offers.
- Introduction of 1:100 Leverage: My Forex Funds has previously introduced a beneficial 1:100 leverage instant funding model. This considerable addition has been labeled as a transformative move in the industry.
- Leverage in Forex Trading: Just as a reminder - leverage is a tool used by forex traders to control larger capital with a significantly smaller amount. This strategy allows them to potentially earn higher profits.
- Terms and Conditions: Worth noting is that My Forex Funds reserves the right to change its terms and conditions at its discretion at any point in time. Traders are advised to stay abreast with the latest updates to be in the know.
Summary
In essence, My Forex Funds has announced noteworthy changes to its price and leverage, accepting the price change postponement until September 1st. Additionally, it has also launched an unlimited trading days period for both phases of their evaluation system and offers a 1:100 leverage instant funding model. It's vitally important for traders to stay informed about the latest updates and changes to My Forex Funds' terms and conditions.
