MiFunder, officially Lunnify (FTE) and situated in Dubai, UAE, launched in 2023. The firm introduces distinctive trading challenges including both single and dual-step evaluations on platforms such as MT4 and DxTrade, tailored for an array of financial instruments like Forex, commodities, indices, and cryptocurrencies. MiFunder is recognized for its favorable profit shares, no commission rates during evaluations, and adaptable trading settings suitable for various levels of trading expertise.
Ready to challenge yourself? Register here: Start with MiFunder.
MiFunder Prop Firm: Coupons
Experience MiFunder Prop Firm’s trading evaluations at a reduced cost. Use NEXTLEVEL20 for 20% off all Evaluation accounts until the end of April 2024.
A Closer Look at MiFunder Prop Firm
Legal Company Name of MiFunder
Trading under the name Lunnify (FTE) and known as MiFunder, the firm is synonymous with forward-thinking in proprietary trading.
Official Company Address of MiFunder
Based in Business Bay, Dubai, UAE, MiFunder’s location in a prominent financial district highlights its dedication to central financial activities.
Year of Company Registration
Founded in 2023, MiFunder is a modern entrant in the prop trading sector, equipped with contemporary trading technologies and strategies.
Where is MiFunder Prop Firm Registered?
The ownership specifics of MiFunder are not publicly available on their platform.
Executive Team at MiFunder Prop Firm
The ownership specifics of MiFunder are not publicly available on their platform.
MiFunder Prop Firm’s Available Trading Platforms
MiFunder facilitates trading with:
- MT4: A staple among forex traders for its comprehensive charting tools, automation capabilities, and thorough back-testing features.
- DxTrade: Offers a tailored experience with adjustable interfaces and advanced functionalities for all trader levels.
These platforms provide MiFunder traders with the essential resources to execute diverse trading strategies effectively.
Trading Instruments Offered at MiFunder Prop Firm
MiFunder traders have access to a wide variety of markets:
- Forex: Inclusive of major, minor, and exotic pairs.
- Commodities: Including pivotal resources like gold, oil, and agricultural goods.
- Indices and Crypto: Covering significant global indices and popular cryptocurrencies.
This extensive selection helps traders expand their portfolios and capitalize on varying market dynamics.
Payment Options at MiFunder Prop Firm
MiFunder offers convenient payment methods suitable for its global clientele:
- Bank Transfers: For secure, large-scale transactions.
- Cryptocurrency Payments: Including Bitcoin and USDT, for fast, anonymous transactions.
These options ensure smooth and flexible transactions for funding or cashing out.
Account Size Varieties at MiFunder Prop Firm
To suit various trading preferences and financial commitments, MiFunder offers:
Accounts Ranging: $7k, $15k, $30k, $60k, $125k, to $250k.
Profit Share Dynamics in MiFunder Prop Firm
MiFunder’s profit distribution is highly competitive:
- Base Split: 80% of profits are allocated to the trader.
- Enhanced Potential: Up to 90% with specific achievements.
Profit Targets Across Challenges
MiFunder sets definitive profit goals to challenge traders:
- Dual-step Challenges: 7% for Phase 1 and 5% for Phase 2.
- Single-step Challenge: A 9% target.
These goals are designed to evaluate a trader’s consistent profitability and risk management.
Max Daily/Total Loss and Drawdown Rules at MiFunder Prop Firm
Strict risk management is enforced to safeguard investments:
For Single and Dual-step Challenges: Daily and total loss limits are set at 4% and 6%, or 5% and 10%, respectively.
Maximum/Minimum Trading Days Policy at MiFunder Prop Firm
Minimum Required Days: 5 days to demonstrate effective strategy.
Maximum Days: Unlimited, providing traders the freedom to reach profit targets at a comfortable pace.
Challenge Participation Fees
MiFunder offers structured pricing for its evaluation challenges to cater to a diverse range of traders:
- $99 for a 15k Account
- $149 for a 25k Account
- $299 for a 50k Account
- $499 for a 100k Account
- $977 for a 200k Account
MiFunder Prop Firm’s Fee and Commission Details
Details on commissions and additional fees are not publicly listed on MiFunder’s website.
Are Fees Refundable at MiFunder
Refunds are not available for fees paid towards trading challenges at MiFunder.
Does MiFunder Prop Firm Offer Free Trials?
Refunds are not available for fees paid towards trading challenges at MiFunder.
Payout Intervals at MiFunder
Initial Payouts: The first payout is scheduled 30 days after traders meet the required profit targets in their funded accounts.
Ongoing Withdrawals: Subsequent to the initial payout, traders can withdraw their profits on a bi-weekly basis.
Breaking Down MiFunder Prop Firm’s Pros and Cons (According to Community Reviews)
- Support and Transparency: MiFunder is highly praised for its exceptional support and clear communication, significantly enhancing the trading experience for its clients.
- Payout Reliability: Several users confirm timely receipt of their payouts, citing specific amounts such as $2,749 and $3,470, which bolsters trust in MiFunder’s reliability. Testimonials frequently mention successful and swift withdrawals after meeting necessary trading criteria.
- Recommendations: Users are not only satisfied with their personal trading outcomes but also frequently recommend MiFunder to other traders, reflecting positively on the firm’s reputation within the trading community.
MiFunder FAQ Section
Frequently Asked Questions (FAQ) at MiFunder Prop Firm
MiFunder, in partnership with Eightcap, provides industry-leading spreads and commissions.
Weekend Trading?
Trading over the weekend and overnight holding of trades is allowed.
Account Merging?
MiFunder does not permit account merging to maintain strict risk management and tracking accuracy; however, traders can handle up to three challenges simultaneously, with a maximum of USD 600k in funding.
Elevate Your Trading Career with MiFunder Prop Firm Start your trading journey with MiFunder by signing up here: Join MiFunder and explore the full potential of their comprehensive trading platforms and diverse financial instruments.
