MYPOCKET FUNDS PTE. LTD (MPFunds) has been awarded the prestigious Singapore SME 500 Award 2024. This award is a significant recognition of MPFunds’ dedication to maintaining high business standards and performance.
About the Singapore SME 500 Award
The Singapore SME 500 Award is one of the country’s most esteemed business accolades, conducted by the Association of Trade and Commerce (ATC). The award assesses enterprises on both quantitative and qualitative dimensions, highlighting their ability to innovate, adapt, and expand their market presence.
CEO’s Statement on the Award
Dean Wong, CEO of MPFunds, stated, “Receiving the Singapore SME 500 Award 2024 is a tremendous honor for MPFunds. This recognition underscores our commitment to excellence and is a testament to the dedication and hard work of our team. We are deeply grateful to our partners and traders whose support has been integral to our success.”
Overview of MPFunds
MPFunds is Asia’s first trading performance program where traders can choose a challenge account size of up to US$200,000 in virtual funds and compete for weekly performance rewards. The program features a two-phase challenge to evaluate trading skills and offers the opportunity to earn 80% of profits generated on a simulated trading account every 7 business days.
Key Features of MPFunds
- Challenge Accounts:
- Sizes: US$10,000 to US$200,000.
- Trading Periods: Unlimited.
- Minimum Trading Days: 5 days per phase.
- Loss Limits: 5% daily loss limit, 10% total loss limit.
- Profit Targets: 8% in Phase 1, 4% in Phase 2.
- Leverage: Up to 1:100.
- Trading Conditions: Weekend holding and news trading are allowed in initial phases but prohibited for MPFunds Traders.
- Rewards and Profit Sharing:
- Profit Split: 80% for traders.
- Performance Rewards: Weekly rewards.
- Refundable Fee: Registration fee refundable at 120%.
Impact of the Award on MPFunds
The Singapore SME 500 Award 2024 is a significant milestone for MPFunds, reinforcing its position as a leading entity in the trading industry. This award is expected to enhance MPFunds’ reputation, attract more traders, and boost its market presence.
Why This Matters
Winning the Singapore SME 500 Award highlights MPFunds‘ excellence in business practices and its commitment to providing a superior trading environment. This recognition not only boosts the company’s credibility but also emphasizes its innovative and adaptive business strategies.
Learn More About MPFunds
For more information about MPFunds and its trading challenges, visit MPFunds’ official website. Stay updated with the latest developments and take advantage of their innovative trading programs designed to support and reward traders.
