A fight
MyForexFunds for News traders
News rules are stricter than FTMO; the relaunch overhang adds a second reason to use FTMO instead.
Persona: Event-driven entries around NFP, CPI, FOMC; brief holds, leveraged spreads.
Rules at a glance
MyForexFunds, the six numbers.
- Profit target
- 8.0%
- Daily loss cap
- 5.0%
- Max drawdown
- 8.0%(static)
- Payout cadence
- 14 days
- Recommended risk/trade
- 0.4%
- Status
- pending-relaunch
Persona context
How News traders think about prop firms.
News traders inhabit the seam of every prop firm's rulebook. The standard "no positions open during high-impact news" clause is interpreted differently by every firm: some define it as ± 2 minutes around release, some as ± 5, some as ± 30 — and some allow news trading but disqualify the profit if it's the dominant source. News strategies also tend to size aggressively (the asymmetric payoff justifies it), which makes the per-trade and daily caps a live concern: a 5R win on NFP can easily breach the consistency rule the same week. Spread widening at release is the second killer — most demo-priced challenges don't reflect the 15–40 pip spread blowouts that hit live accounts on tier-2 brokers.
- News-trading rule interpretation
- Spread/slippage modelling in eval vs funded
- Per-trade size cap
- Consistency rule trigger from outlier wins
- Position-on through release
The specific analysis
MyForexFunds × News traders.
News traders should generally avoid MyForexFunds even though the rule set looks workable on paper. The firm's news-trading policy is stricter than FTMO's, positions cannot be held through high-impact news (similar to FundingPips), and the "dominant source" interpretation is applied more aggressively than at FTMO. Combined with the relaunch overhang on payouts, news traders are better served by FTMO Phase 1, where the rule explicitly permits news trading and the operating history is uninterrupted. If MFF is the only available option (e.g. geographic restrictions), trade non-news strategies here and route news trades to a separate firm. The 5% daily cap is enough headroom for non-news strategies; the 8% static DD provides clean runway for steady-state work.
Workarounds
- Route news strategies to FTMO and reserve MFF for steady-state
- Run only on Asian and London sessions where high-impact data is sparse
- Halve typical risk size on the days NFP, CPI, or FOMC fall
Account killers
- A news win that survives eval gets flagged at payout review
- Holding a position into a release window = instant disqualification
Run the math
Three calculators pre-flight your strategy.
- Firm-rule drawdown calculator , project equity floor and breach distance under MyForexFunds.
- Firm-mode position sizing , recommended 0.4% risk-per-trade for a news trader.
- Prop firm vs self-funded cost , total cost to pass MyForexFunds given your realistic pass-rate.
FAQ
Questions about MyForexFunds for news traders.
Is MyForexFunds a good fit for news traders?
News rules are stricter than FTMO; the relaunch overhang adds a second reason to use FTMO instead. News traders should generally avoid MyForexFunds even though the rule set looks workable on paper. The firm's news-trading policy is stricter than FTMO's, positions cannot be held through high-impact news (similar to FundingPips), and the "dominant source" interpretation is applied more aggressively than at FTMO. Combined with the relaunch overhang on payouts, news traders are better served by FTMO Phase 1, where the rule explicitly permits news trading and the operating history is uninterrupted. If MFF is the only available option (e.g. geographic restrictions), trade non-news strategies here and route news trades to a separate firm. The 5% daily cap is enough headroom for non-news strategies; the 8% static DD provides clean runway for steady-state work.
What's the biggest rule risk for a news trader at MyForexFunds?
A news win that survives eval gets flagged at payout review
What risk-per-trade percentage do you recommend?
0.4% of equity per trade is the conservative starting point for a news trader at MyForexFunds. Use Glitch Executor's position-sizing calculator to confirm the lot size respects both your risk budget and the firm's drawdown cushion.
Does the firm permit trading through high-impact news?
MyForexFunds enforces a news blackout around high-impact releases. Plan entries either fully before or fully after the release.
How does the drawdown rule work specifically?
MyForexFunds uses a static 8.0% drawdown anchored to the starting balance, it doesn't follow your highs.
Compare and shortlist
Where this fits in the wider research.
- Best prop-firm challenges shortlist
- MyForexFunds, full rule + payout brief
- Current prop-firm partner offers
- MyForexFunds drawdown calculator
Authored and reviewed by Ryan Tran (Strategy Lead, Glitch Executor). Last reviewed . Rule values pulled from the firm-rule registry in this repo; verify with MyForexFunds directly before funding.
Same firm, different personas