Complete breakdown of all evaluation phases and trading rules
Understanding MyFundedFX's rules is the difference between passing and failing. Below is every rule across all 2 phases, with tips on how PropJournal helps you stay compliant.
| Phase | Daily Loss | Max Drawdown | DD Type | Profit Target | Min Days | Consistency |
|---|---|---|---|---|---|---|
| Challenge | 5% | 8% | Balance-based | 8% | 5 | None |
| Verification | 5% | 8% | Balance-based | 5% | 5 | None |
MyFundedFX sets a 5% daily loss limit calculated using balance-based methodology. Exceeding this on any single day results in immediate account termination. PropJournal sends alerts at 70% and 90% of your daily limit.
The overall max drawdown is 8% (Balance-based). This is calculated from your initial balance and does not trail your equity high.
Challenge: 8%. Verification: 5%. PropJournal shows your progress toward the target with a visual tracker and estimated completion date based on your current pace.
Consistency requirement: None. While this firm doesn't enforce a strict consistency rule, maintaining consistent risk is still best practice.
PropJournal monitors every rule above in real-time and alerts you before violations. Free to start, no credit card required.
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