FundedFy has partnered with a new broker to provide access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most widely used trading platforms in the financial markets. This partnership offers traders a broader range of tools and functionalities to support their trading activities.
Overview of FundedFy
FundedFy is a proprietary trading firm that offers a 1-Step Prop Firm Challenge, allowing traders to qualify for a funded account. The challenge is structured to test trading skills while providing flexibility and opportunities for traders of various levels.
Details of the FundedFy 1-Step Challenge:
- Account Sizes: Options range from $25,000 to $300,000, with a participation fee of $297.
- Profit Target: A profit target of 7% of the account balance is required to pass.
- Risk Management: A maximum daily loss of 5% and an overall maximum loss of 10% are enforced.
- Trading Days: No minimum trading days are required, allowing traders to proceed at their own pace.
- Profit Split: Up to 90% of the profits can be earned by successful traders, with the first payout available after 20 days of trading.
- Leverage: Leverage of up to 1:100 is offered, enabling traders to control larger positions with smaller amounts of capital.
What the New Partnership Brings
The new broker partnership provides FundedFy traders with access to MetaTrader 4 and MetaTrader 5 platforms. These platforms are known for their range of features:
- MetaTrader 4 (MT4): Offers a wide array of charting tools, technical indicators, and support for automated trading strategies.
- MetaTrader 5 (MT5): Includes additional asset classes, more advanced trading tools, and extended market depth analysis.
Implications for FundedFy Traders
This integration offers traders a choice between the two platforms, which can be beneficial depending on their trading preferences and strategies. MT4 is often preferred for Forex trading due to its simplicity and extensive support for trading tools, while MT5 offers more advanced features and broader market access.
By offering these platforms, FundedFy aligns with its objective to provide traders with the necessary tools to navigate different market conditions effectively.
