MPFunds - Resources, Exclusive 3Cs Approach

About MPFunds: 1. What is MPFunds? MPFunds is a funded trader programme that provides undercapitalised individuals with the necessary capital to trade, enabling them to earn a weekly allowance

2. Who can join MPFunds? Traders from any part of the globe are invited to join us, with no specific qualifications required. However, it's vital that all clients are at least 18 years old. We seek traders who can trade profitably and demonstrate sound risk management practices.

Please note that MPFunds does not offer its services to individuals residing in, or originating from, Iran, Syria, and North Korea. Similarly, those listed on sanction lists, individuals with a history of financial crime or terrorism-related offences, and individuals previously banned due to contract violations, are also excluded from our services.

3. How do I start trading? You can get started immediately by signing up with MPFunds and purchasing a challenge of your preferred capital level. Once your payment is completed, you'll receive your account credentials via a welcome email, granting you access to both the Trading Platform and Dashboard.

Please ensure you read and fully understand all the rules associated with the challenge.

General Information: 1. How are the accounts managed? MPFunds provides our clients with demo accounts with virtual funds for all phases of trading. This approach affords broad flexibility and deliberate risk management options. Be assured that all our accounts simulate real trading market conditions. Such simulation is vital to prepare our traders for the dynamics of real markets, and not just the insulated environment of demo accounts. Through this, we aim to mitigate the psychological stress associated with trading real money.

As for MPFunds' funded accounts, they will be linked to our Proprietary Trading Firm's live trading account, which uses real capital and generates tangible profits. Clients are eligible to receive 80% of the profits generated on their MPF funded account.

2. What is the maximum number of accounts I can have? While there are no restrictions on the number of trading accounts you can hold, we do impose a maximum capital allocation of $400,000 per trader or strategy at any given time. These limits serve to promote diversification and mitigate risk, as we aim to avoid allocating a substantial portion of our investment to a single trader or strategy.

*Please refrain from creating multiple accounts via different registrations, as this practice is prohibited. If we identify identical trading strategies being used across multiple accounts, which result in a cumulative allocated capital value exceeding $400,000, we reserve the right to suspend these accounts in line with our Terms and Conditions.

If you wish to combine your accounts, we can facilitate this upon request. Please refer to (4) under "Technical Help" section for further information.

3. What is the initial balance I'll be trading with, and what's the maximum capital allocation I can have? You will trade with the same balance for which you signed up.

For instance, if you pass our selection phase with a US$100,000 account, you will then manage a US$100,000 account in Phase 3. To diversify our risk exposure, we initially permit a maximum capital allocation of US$400,000 per trader at any given time. In other words, you could have two accounts, each with US$200,000, or four accounts, each with US$100,000, etc.

Please refrain from obtaining multiple accounts through different registrations. If we detect identical trading strategies being used across multiple accounts, resulting in a cumulative allocated capital exceeding US$400,000, we reserve the right to suspend such accounts in accordance with our Terms and Conditions.

4. How can I be eligible for the Scale Up Program? Our Scale Up program offers funded traders the opportunity to increase their capital allocation from the initial US$400,000 up to US$1,000,000 per trader.

In order to qualify for scaling up, traders need to achieve a net overall profit of 10% and make at least 3 withdrawals within a consecutive 3-month period. Upon meeting these criteria, traders will be eligible for a 25% increase based on their initial account size. It's important to note that the loss limits (5% Maximum Daily Loss and 10% Maximum Overall Loss) will still apply to the scaled-up accounts.

Scaling up accounts is not automatic, and traders need to contact us individually if they wish to participate in the program.

Example:
Suppose you open a US$100,000 account, successfully pass the selection process, and receive our funded account. The Scale Up Program will take effect from the very first trade executed on the account. To qualify for a scale up, you need to achieve a minimum net profit of 10% (US$10,000) and make 3 withdrawals within a consecutive 3-month period. The first scale-up will increase the allotted capital by 25%, resulting in a funded account of US$125,000. Subsequent scale-ups will continue to add 25% of the initial capital, resulting in a funded account of US$150,000 for the second scale-up, and so on.

5. What if I choose not withdraw my profits after 7 days? Payout withdrawals will be accessible for profitable funded traders after a period of 7 calendar days following their first trade on their Phase 3 account. However, traders have the option to continue trading with their accounts and choose to withdraw their profits at a later time that suits their preference. Additionally, if a trader fails to meet the objective of the 5% Maximum Daily Loss but their account remains profitable, they will still be eligible to withdraw their profits, even if they have failed their funded trading account.

Trading Rules: 1. How is the Minimum Trading Days calculated? Trading Days are counted only when a trade is opened.

For instance, if a trader opens a trade on a Monday and closes it on Wednesday, it will be considered as one trading day since the trade was initiated on Monday.

The act of closing the trade on a specific day does not count as an additional trading day.

2. How does the Maximum Daily Loss and Maximum Total Loss work? There are two critical criteria for failing during Phase 1 and Phase 2 of the selection process: Maximum Daily Loss and Maximum Total Loss.

Maximum Daily Loss represents the maximum permitted loss that can be incurred in a single trading day. Daily Loss is reset at 00:00 (UTC+0) time every day and applies to all positions, whether open or closed. Traders are not allowed to exceed a 5% drawdown in equity at any point from 00:00 to 23:59 (UTC+0) time in all phases. Please note that the reset occurs at 00:00 (UTC+0) time, not your local time.

Maximum Total Loss signifies the maximum allowable loss throughout the entire challenge duration. Traders must not exceed a 10% drawdown in equity at any time in all phases.

Example 1:
Let's consider a trader who starts trading on their $100,000 account at 00:00 (UTC+0) on day 1, with a daily permitted loss of $5,000. If the trader takes a trade and closes it with a loss of $2,000, the daily permitted loss for the day becomes $3,000. If the trader takes another trade and incurs a drawdown of $3,000, they will have exceeded the objective of a 5% Daily Loss drawdown and will fail the challenge for that phase.

Example 2:
Suppose a trader starts trading on their $100,000 account at 00:00 (UTC+0) on day 1, with a daily permitted loss of $5,000. If the trader enters a trade and closes it with a profit of $2,000, the daily permitted loss for the day becomes $7,000. If the trader then takes another trade that incurs a floating loss of $7,500 but eventually ends up positive, it would still count as a violation of the trading objective because, at one point during the trade, the account equity was down by $7,500. As a result, the trader would fail the challenge.

Example 3:
Imagine a trader starting their trading on a $100,000 account at 00:00 (UTC+0) on day 1, with a daily permitted loss of $5,000. If the trader takes a trade and closes it with a profit of $2,000, the daily permitted loss for the day becomes $7,000. If the trader then enters another trade and incurs a floating loss of $6,000, the daily permitted loss becomes $1,000, which is still within the allowed limit. However, if the trader holds this position with an open loss of $6,000 after 00:00 (UTC+0) on day 2, the maximum daily permitted loss will be breached. The profit from the previous day will not be carried forward to the new day after 00:00 (UTC+0), and the $6,000 loss in open positions exceeds the maximum daily permitted loss of $5,000.

3. Are there any trading strategies that are not allowed at MPFunds? All legitimate trading styles are welcome! We aim to engage independent, consistently profitable traders to manage our capital, and therefore we do not wish to restrict their trading methods. As long as the strategy is legitimate and respects live market conditions, we have no preference over conventional or automated trading.

However, we must strongly discourage the use of forbidden trading strategies that exploit trading platform inefficiencies. Consequently, we urge you to ensure that the strategy you use does not violate the following:

1. News Trading
2. Copy Trading
3. Carry Trading
4. Other Prohibited Trading Strategies

4. What are the trading restrictions around news events for funded MPF traders? During the two Phases (Phase 1 and Phase 2) of our selection process, there are no restrictions on trading during news events.

However, once you become a funded MPF trader, caution is advised when trading around news events. This restriction applies to specific news events and instruments. Funded Traders are prohibited from executing any new trades or closing existing ones on the targeted instrument from 2 minutes before until 2 minutes after the news release. To be clear, 'executing a trade' encompasses both the opening or closing of a pending order (including stop loss or take profit) and market execution. Trades on the targeted instruments that were initiated more than 2 minutes prior to the restricted news event can be held.

Do note that if your Stop Loss or Take Profit order is activated/filled during the restricted time window - from 2 minutes before to 2 minutes after the news release - it will be deemed a violation according to our MPF Account Contract. Trading on other instruments not related to the news event can proceed as usual.

5. What is MPFunds' policy on copy trading during the selection process and for funded accounts? Copy trading is permitted only for personal accounts legally tied to the account holder. However, any copy trades initiated from signal services or other accounts not tied to the account holder during any phases of the selection process or during the management of funded accounts will be considered a violation. This could lead to the immediate termination of your Funded Account.

6. Do I need to close my positions overnight or over the weekend during the selection process and as a funded trader? During the two phases (Phase 1 and Phase 2) of our selection process, there is no obligation to close your positions overnight or over the weekend.

However, once you become a Funded Trader with us, you will be required to close all positions before the market closes for the weekend. Failure to do so will be considered a violation and could lead to immediate termination of your Funded Account. As each instrument may have different trading hours, please ensure you check the trading hours for each individual instrument. You can find the trading hours for each instrument on the Active Symbol Panel (ASP) on cTrader. Just go to the 'Symbol' tab and scroll down to 'Market Hours'.

7. Is trading with EAs or bots allowed? We welcome all profitable trading styles, including discretionary trading, hedging, algorithmic trading, EAs, etc., as long as your trading practices are legitimate, aligned with real market conditions, and executable on our live corporate accounts.

However, prohibited trading strategies, considered violations, are those that are impractical in real-world market conditions and therefore likely to be rejected by the market or deemed unacceptable by MPFunds. This is to ensure our traders develop the right mindset and approach towards funding.

Prohibited strategies might include certain EAs and robots that exploit trading platform inefficiencies, such as tick scalping and arbitrage trading. Strategies that do not trade according to live market conditions are not allowed. When utilising EAs from third parties, remember that other traders might already be employing the same EA with the identical trading strategy. This reliance on a third-party EA poses a potential risk of account violation. Additionally, the simultaneous opening of positions in opposite directions using different accounts is prohibited.

Given the limitations on order execution and maximum positions, we might alert you and request adjustments to your EA if it leads to hyperactivity on our platform server due to high-frequency trading. Failure to comply will be considered a violation across all accounts and phases.

If a trader employs any of the above-mentioned strategies, it will result in immediate termination and/or a permanent ban on your trading and MPFunds account. All profits made using such strategies, as well as application fees, will be forfeited.

Technical Help: 1. What are the platforms available? At present, we only offer cTrader as our trading platform as it is user-friendly and suitable for both new and experienced traders.

2. What instruments can I trade? Currently, we offer markets in Forex, Spot Indices, Energies, and Metals.

3. Which broker do you use? We partner with ICMarkets as our trusted broker for all live accounts.

4. What are the conditions and scenarios in which I can merge my trading accounts? Traders wishing to manage the maximum capital or concentrate on a single account have the option to merge two or more accounts. However, this option is available only for our MPF Funded Traders.

To be eligible for merging, the accounts in question must not have any prior trade history.

Here are the scenarios where account merging is possible:

1. Merging of two or more funded accounts (these accounts must have no trade history).
2. Merging of existing funded accounts with newly qualified accounts that have just passed Phase 2.
3. Merging of two or more separate accounts that have recently passed Phase 2.

Accounts will only be merged upon your request.

5. What is the account's leverage? The leverage provided varies depending on the market:

1. Forex pairs: 1:100
2. Metals, Indices, Energies: 1:50

Payments and Billings: 1. What payment methods do you accept and are there any hidden fees? At present, we accept payments via debit and credit card. All purchases entail a one-time fee per account, with no hidden charges such as subscriptions or commissions.

2. What is the purpose of the fee and will it be refunded to traders? The purpose of the fee is to ensure that traders approach the account with utmost care and responsibility. Our program is highly valued, and the fee represents only a small percentage of the MPFunds account. Rest assured that apart from this fee, traders will not incur any additional losses, as we cover any potential losses on the MPFunds Account.

We are dedicated to accepting experienced traders who consistently demonstrate profitability. Therefore, we selectively accept committed, responsible, and passionate traders.

It's worth noting that the fee will always be refunded to the trader upon their first Profit Split from the MPFunds Account.

3. What are my responsibilities regarding taxes after the profit split? After the profit split, it is your responsibility to comply with the tax laws and regulations of your country.

4. When can I make a payout withdrawal and what are the requirements? When it comes to payout withdrawals, they will be available after 7 calendar days have passed since taking your first trade on your Phase 3 account.

There is no minimum profit restriction, but it is important to ensure that your Phase 3 account is in profit and that all open trades are closed to be eligible for payout withdrawal.

Payouts will be processed through local/international bank transfers. Singaporeans may choose to receive their payouts via Paynow.

Available Instruments

Forex

Instrument Name	Full Name
AUDCAD	Australian Dollar vs Canadian Dollar
AUDCHF	Australian Dollar vs Swiss Franc
AUDJPY	Australian Dollar vs Japanese Yen
AUDNZD	Australian Dollar vs New Zealand Dollar
AUDUSD	Australian Dollar vs US Dollar
CADCHF	Canadian Dollar vs Swiss Franc
CADJPY	Canadian Dollar vs Japanese Yen
CHFJPY	Swiss Franc vs Japanese Yen
EURAUD	Euro vs Australian Dollar
EURCAD	Euro vs Canadian Dollar
EURCHF	Euro vs Swiss Franc
EURGBP	Euro vs British Pound
EURJPY	Euro vs Japanese Yen
EURNZD	Euro vs New Zealand Dollar
EURUSD	Euro vs US Dollar
GBPAUD	British Pound vs Australian Dollar
GBPCAD	British Pound vs Canadian Dollar
GBPCHF	British Pound vs Swiss Franc
GBPJPY	British Pound vs Japanese Yen
GBPNZD	British Pound vs New Zealand Dollar
GBPUSD	British Pound vs US Dollar
NZDCAD	New Zealand Dollar vs Canadian Dollar
NZDCHF	New Zealand Dollar vs Swiss Franc
NZDJPY	New Zealand Dollar vs Japanese Yen
NZDUSD	New Zealand Dollar vs US Dollar
USDCAD	US Dollar vs Canadian Dollar
USDCHF	US Dollar vs Swiss Franc
USDCNH	US Dollar vs China Yuan
USDCZK	US Dollar vs Czech Koruna
USDDKK	US Dollar vs Danish Krone
USDHKD	US Dollar vs Hong Kong Dollar
USDHUF	US Dollar vs Hungarian Forint
USDILS	US Dollar vs Israeli New Shekel
USDJPY	US Dollar vs Japanese Yen
USDPLN	US Dollar vs Polish Zloty
USDSEK	US Dollar vs Swedish Krona
USDSGD	US Dollar vs Singapore Dollar
USDTRY	US Dollar vs Turkish Lira
USDZAR	US Dollar vs South African Rand