MiFunder, a modern proprietary firm, has launched a new funding platform for forex traders. The platform is designed to help traders with limited capital access larger accounts, up to 250,000 USD, with zero risk.
“MiFunder was built by seasoned traders for traders to solve this problem of under-funding, equipping traders with the capital and guardrails necessary to be part of the top 5% who are profitable,” said Alex Giwa, COO of MiFunder.
The platform has a multi-phase solution to audit and ensure traders with the best risk management skills join the platform. Prospective traders must meet specific performance criteria, including a minimum profit target of 7%, which is lower than the industry standard of 10%. After successfully clearing the evaluation, the profit target is lowered to 5%, while all other standard trading rules remain the same.
“By providing access to larger capital and ensuring rigorous risk management practices, MiFunder aims to provide better opportunities to skilled traders while combating the issues of over-trading and over-leveraging,” commented Rudo Viljoen, CEO of MiFunder.
MiFunder has instituted a standard profit-sharing model to ensure the platform and the trader share in the successes. Additionally, every funded account has a maximum loss threshold for long-term sustainability and if it is reached, the system automatically logs the trader out, restricting their access.
The proprietary firm is aiming to redefine the prop-trading landscape with larger accounts at more affordable prices than competitors. By providing skilled traders with the opportunity to manage larger capitals while ensuring rigorous risk management, MiFunder is striving to bring stability, sustainability, and profitability back to Forex trading.
To find out more and join the pre-launch waitlist, visit mifunder.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.