It is important to take note of my funded futures supported and restricted countries, especially for traders looking to join the prop firm. My Funded Futures (MFF), legally named MyFunded Futures LLC, is a US-registered prop trading firm that provides traders with the opportunity to trade futures with funded accounts. It is led by CEO Matthew Leech, the firm looks forward to providing opportunities for beginner traders as well as experienced traders. This article delves into my funded futures supported and restricted countries, exploring its global reach, operational details, and compliance considerations.
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Overview of My Funded Futures
My Funded Futures operates as a prop firm. It offers traders the opportunity to trade futures contracts using the firmās capital. Traders undergo an evaluation process to demonstrate their skills and risk management abilities. Upon successful completion, they are offered a funded account and a profit-sharing arrangement.
Characteristics Of My Funded Futures
- Instruments: My Funded Futures allows trading in futures contracts.
- Evaluation Fee: The minimum monthly evaluation fee at My Funded Futures is $807 for the $50,000 funded account with the Starter configuration.
- Payment Methods: My Funded Futures primarily relies on credit/debit cards for transactions.
- Withdrawal Methods: Withdrawals are facilitated through Rise.
My Funded Futures Supported Countries
My Funded Futures accepts traders from over 120 countries. While the firm does not provide an exhaustive list of my funded futures supported countries, the broad acceptance indicates a wide global reach.
My Funded Futures Restricted Countries
My Funded Futures restricted countries maintains a list from which it cannot accept traders due to regulatory restrictions and compliance requirements. The list of my funded futures restricted countries includes:
- Afghanistan
- Albania
- Algeria
- Angola
- Bahamas
- Barbados
- Belarus
- Bosnia & Herzegovina
- Botswana
- Bulgaria
- Burkina Faso
- Burma (Myanmar)
- Burundi
- Cambodia
- Cameroon
- Central African Republic
- China
- CĆ“te dāIvoire
- Crimea
- Croatia
- Cuba
- Democratic Republic of Congo
- Ecuador
- Ethiopia
- Ghana
- Gibraltar
- Haiti
- Hong Kong
- Iceland
- Indonesia
- Iran
- Iraq
- Jamaica
- Jordan
- Kenya
- Kosovo
- Laos
- Lebanon
- Liberia
- Libya
- Macedonia
- Malaysia
- Mali
- Mauritius
- Micronesia
- Mongolia
- Montenegro
- Mozambique
- Myanmar
- Namibia
- Nicaragua
- North Korea
- Nigeria
- Pakistan
- Panama
- Papua New Guinea
- Philippines
- Qatar
- Romania
- Russia
- Senegal
- Serbia
- Slovenia
- Somalia
- South Africa
- South Sudan
- Sri Lanka
- Sudan
- Syria
- Taiwan
- Tanzania
- Trinidad and Tobago
- Tunisia
- Turkey
- Uganda
- Ukraine
- United Arab Emirates
- Venezuela
- Vietnam
- Yemen
- Zimbabwe
Reasons for Restrictions
My Funded Futures states that they are unable to accept traders from the listed countries ādue to regulatory restrictions and compliance requirementsā. The firm prioritizes maintaining a transparent and compliant trading environment and adheres to legal and regulatory requirements.
Additional factors may include:
- International Sanctions: Some countries face international sanctions that restrict financial interactions.
- Regulatory Compliance: Financial services platforms must adhere to regulatory requirements in different jurisdictions.
- Risk Management: Platforms may restrict access from countries with a higher perceived risk of fraud or illicit activities.
KYC/AML Policies
My Funded Futures employs Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure compliance and security. As part of the identity verification process, traders are required to submit KYC documents, which may include government-issued identification and proof of address. My Funded Futures relies on a third-party KYC/AML processor to verify the provided documents. Customers must be of legal age to engage in trading activities in their respective jurisdictions.
Getting Started with My Funded Futures
Interested prop traders can start the evaluation after selecting their desired package and paying the monthly fee.
Company Information
- Legal Name: MyFunded Futures LLC
- CEO: Matthew Leech
- Country of Registration: US
Conclusion
My Funded Futures provides a pathway for traders to access futures markets with funded accounts. While the firm aims to offer opportunities globally, a significant number of countries are restricted due to regulatory and compliance considerations. My Funded Futures emphasizes transparency and security, implementing KYC/AML policies to ensure a compliant trading environment. For traders residing in supported countries, My Funded Futures provides a platform to demonstrate their skills in futures trading.
Frequently Asked Questions
Why Do My Funded Futures Restrict Certain Countries?
- Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.
How Can I Verify If My Country Is Supported By My Funded Futures?
- You can check your eligibility by visiting my funded futures official website or reviewing their terms of service for the most current list of supported and restricted countries.
What Should I Do If My Country Is Restricted?
- If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.
