What is mvfunded.com?
Mvfunded.com is a proprietary trading firm that offers individuals the opportunity to trade with simulated capital after passing a structured evaluation challenge.
Read more about mvfunded.com:
Mvfunded.com Review & First Look
mvfunded.com Features: A Closer Look at the Offerings
mvfunded.com Cons: The Unseen Costs and Risks
Does mvfunded.com Work? (From a Model Perspective)
Is mvfunded.com Legit? Examining Credibility and Transparency
Is mvfunded.com a Scam? Unpacking the Accusations
How to Cancel mvfunded.com Subscription / Account
mvfunded.com Pricing: An Investment in Opportunity (or Risk?)
mvfunded.com vs. Alternatives: Ethical Pathways to Growth
It provides access to a simulated trading environment on the MT5 platform.
Is mvfunded.com regulated?
No, mvfunded.com explicitly states on its website that “MV Funded does not carry out any regulated activities and is not regulated by any regulatory body.” This means there is no external oversight by financial authorities. mvfunded.com vs. Alternatives: Ethical Pathways to Growth
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What kind of trading does mvfunded.com offer?
Mvfunded.com provides services for simulated trading, primarily using Contracts for Difference (CFDs) through its integration with MarketsVox. They do not act as a broker or hold client funds.
How much funding can I get from mvfunded.com?
Mvfunded.com claims to offer up to $200,000 in simulated funding to traders who successfully pass their evaluation challenges.
What is the profit split with mvfunded.com?
Mvfunded.com advertises that traders can keep up to 90% of the profits they earn from successful simulated trading in a “funded” account.
How do I join mvfunded.com?
To join, you typically register an account on their dashboard, choose an evaluation challenge (one-step or two-step) based on your desired account size, pay the challenge fee, and then attempt to pass the trading objectives.
What are the challenge fees for mvfunded.com?
Challenge fees range from $49 for a $5,000 simulated account to $999 for a $200,000 simulated account, depending on the chosen account size and evaluation model. mvfunded.com Pricing: An Investment in Opportunity (or Risk?)
Are mvfunded.com challenge fees refundable?
No, according to their Refund and Cancellation Policy, all fees paid for challenges are explicitly stated as non-refundable, regardless of whether you complete the challenge or fail to meet the trading objectives.
What are the trading objectives for mvfunded.com challenges?
Objectives typically include achieving a certain profit target (e.g., 10% for one-step, 10% then 5% for two-step) while staying within specified daily and maximum drawdown limits (e.g., 3-5% daily drawdown, 6-10% max drawdown).
Does mvfunded.com have a time limit for challenges?
No, mvfunded.com states that its challenges have an “unlimited time limit,” which means you can take as long as needed to pass the evaluation stages, as long as you meet minimum trading day requirements.
What trading platform does mvfunded.com use?
Mvfunded.com is powered by MetaTrader 5 (MT5), a popular and widely used trading platform for forex and CFD trading.
Can I use Expert Advisors (EAs) with mvfunded.com?
Mvfunded.com states that EAs (Expert Advisors) are “Allowed: No,” but “Trade Management EAs Allowed: Yes.” This means automated trading systems for trade entry are generally not permitted, but tools for managing open trades might be. How to Cancel mvfunded.com Subscription / Account
Does mvfunded.com allow news trading?
Yes, mvfunded.com explicitly states that “News Trading” is allowed, meaning traders can take positions during high-impact economic news releases.
How quickly can I get a payout from mvfunded.com?
Mvfunded.com states that payouts can be requested anytime, starting 7 or 14 days (depending on your selection) after your first “Funded” trade.
What payment methods does mvfunded.com support for payouts?
Mvfunded.com supports payouts through crypto and direct bank account transfers.
You can also withdraw directly to your MarketsVox wallet.
What are the risks of using mvfunded.com?
Key risks include losing your non-refundable challenge fee (due to high failure rates), lack of regulatory protection, the speculative nature of CFD trading, and the inherent psychological pressure of strict trading rules. Is mvfunded.com a Scam? Unpacking the Accusations
How does mvfunded.com make money?
Mvfunded.com primarily generates revenue from the non-refundable fees paid by individuals attempting their simulated trading challenges.
They also profit from a share of the simulated profits generated by successful traders.
Are there alternatives to mvfunded.com for ethical financial growth?
Yes, ethical alternatives include investing in Sharia-compliant stocks, real estate (through ethical crowdfunding), ethical entrepreneurship, small business partnerships, and investing in skill development that leads to permissible income streams.
Can I cancel my mvfunded.com account?
There isn’t a recurring “subscription” to cancel.
To discontinue engagement, you simply stop purchasing new challenges. Is mvfunded.com Legit? Examining Credibility and Transparency
If you wish to formally close your account, you would typically contact their customer support.
What is the main ethical concern with mvfunded.com from an Islamic perspective?
The primary ethical concerns include the presence of Maysir (gambling) due to the high-risk, fee-based challenge model with low success rates, Gharar (excessive uncertainty) in the outcome of the challenge, and Riba (interest) implications from the underlying CFD instruments.
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