Frequently Asked Questions
Assess the challenge. Evaluate your MyFundedHub account: Once you receive your MyFundedHub account, your profit share will increase to 80%. Your first payment will be made after four trading weeks (28 days), after which you will receive your payment every two trading weeks (14 days).
In addition, you can request a bonus to cover your subscription when you first receive a payment from your MyFundedHub account. Once all the scaling criteria have been completed, your MyFundedHub account profit share will be increased to 90%.
Traders on MyFundedHub have the opportunity to reinvest their profits into their trading journey. Instead of withdrawing their profits as cash, traders can choose to use them to purchase a new challenge account.
It’s important to ensure that the amount of profit is sufficient to cover the registration fee for the new account.
If a trader is interested in purchasing an account with their profits, they can contact MyFundedHub's support team for assistance.
The minimum withdrawal limit for MyFundedHub depends on both the withdrawal amount and the available withdrawal method you choose.
If the withdrawal amount is less than $20, you will not be able to submit a withdrawal request during that period. This amount will be carried over to the next cycle and combined with the next withdrawal.
MyFundedHub strictly prohibits any form of cheating or malicious exploitation of the platform, as it violates the Terms of Service you agreed to at the time of registration. We strongly advise traders to carefully read and understand our Terms of Service to avoid any unwanted consequences.
System abuse refers to trading practices that are inconsistent with real market trading. Such practices are considered violations of the Terms of Service and will result in immediate consequences without warning. Any strategy designed to generate risk-free, consistent profits for challenge accounts is strictly prohibited. We require traders to trade on a challenge account as if it were a live MyFundedHub account. Exploiting a challenge account through specific strategies will lead to the termination of the trader's MyFundedHub account, whether during the challenge phase or after obtaining a funded account.
Using services like "By Challenge," "Copy Service," or "Signals Service" is also strictly prohibited. Any trader found violating these policies will not be eligible to obtain a MyFundedHub account and will be permanently banned from all MyFundedHub services.
For traders participating in the Assessment, Express, and 2-Step Challenges, the daily loss limit is set at 5% of the initial account balance. However, for traders participating in the 1-Step Challenge, the daily loss limit is 3% of the initial account balance.
To calculate your daily loss limit, use the following formula:
Daily Loss Limit = Initial Balance × Percentage of the Daily Loss Limit for the account you are participating in.
When calculating daily losses, please note that swap fees, commissions, and handling fees are also included in the total amount. If you exceed the daily loss limit, your account will be suspended and marked as "daily loss limit," at which point you will no longer be able to trade.
Example 1: Let's say you have a $100,000 2-Step Challenge account, and your daily loss is limited to 5% of the initial balance. In this case, $100,000 is the initial balance. Your daily loss limit would be: ($100,000 × 0.05) = $5,000.
Example 2: If you have made a profit during the day, you can calculate the daily loss limit for that day as follows: (Initial Balance × 0.05) + Profit Amount for the Day.
For example, if you have a $100,000 2-Step Challenge account and your profit is $2,000 at noon in the GMT+2 time zone, the daily loss limit for that day would be: ($100,000 × 0.05) + $2,000 = $7,000.
In other words, a loss of more than $7,000 on either closed or open trades on the same day would violate the daily loss limit.
Please note that your daily loss limit will reset at midnight, based on server time. Therefore, the daily loss limit for the next day will be based on the initial balance (e.g., $100,000 in this example) multiplied by the daily loss limit percentage (e.g., 5%), which equals $5,000.
For traders participating in the Assessment 2-Step Challenge, the overall loss is limited to 10% of the initial account balance. In contrast, for traders participating in the 1-Step Challenge, the overall loss is limited to 6% of the initial account balance.
Understanding the overall loss limit is crucial for managing your trading account. By keeping your account balance/equity above the 90% threshold, you can avoid potential issues and ensure a smooth trading experience.
