My Funded FX, a leading prop firm in the forex trading industry, has officially announced its new trading competition set to commence in January 2025. This competition will feature an account size of $100,000, with parameters that include a 5% daily drawdown based on balance, an 8% maximum drawdown relative to the initial balance, and restrictions on trading with expert advisors. Participants can take advantage of news and swing trading, but are limited to one account per household.
In addition to this announcement, My Funded FX has outlined its holiday trading hours. The firm will be completely closed on December 24th (Christmas Eve), December 25th (Christmas Day), December 31st (New Year's Eve), and January 1st (New Year’s Day). During these dates, all support services including the moderator team will be unavailable and no payouts will be processed.
To ensure fair trading practices, My Funded FX has also provided important information regarding high-impact news events scheduled from December 23rd to December 27th. Any profitable trades executed within three minutes before or after these events will not be counted toward traders' profits.