MiFunder, officially recognized as Lunnify (FTE), is a proprietary trading firm situated in Dubai, UAE, and founded in 2023. The firm is distinguished by its innovative trading challenges, which include both single-step and multi-step evaluations, facilitated through platforms like MT4 and DxTrade.
Traders are provided with an array of financial instruments including Forex, commodities, indices, and cryptocurrencies. MiFunder is noted for offering favorable profit shares, no commission charges during evaluation periods, and adaptable trading environments suitable for a variety of trading strategies and levels of experience.
Interested in challenging your trading skills? Register here: Begin Trading with MiFunder.
MiFunder Prop Firm: Available Coupon Information
MiFunder currently provides a promotional discount to encourage traders to start their evaluation. By using the code NEXTLEVEL20, traders can enjoy 20% off all Evaluation accounts.
Note: This promotion runs until the end of April 2024.
Getting to Know MiFunder Prop Firm
MiFunder’s Corporate Name
MiFunder operates under the legal entity Lunnify (FTE) and is renowned for its pioneering approach to proprietary trading.
Company Street Address
The firm is strategically positioned in Business Bay, Dubai, UAE, a location that emphasizes its dedication to being a central player in a leading financial center.
Starting Year for MiFunder Prop Firm
MiFunder was inaugurated in 2023, making it one of the newest additions to the prop trading scene.
Business Location Registry for MiFunder
MiFunder Prop Firm’s Ownership Explained
Details regarding the ownership of MiFunder are not available to the public on the company’s website.
What Trading Platforms Does MiFunder Offer?
MiFunder affords traders access to two premier trading platforms:
- MT4, which is celebrated for its advanced charting capabilities, automated trading mechanisms, and comprehensive back-testing facilities, making it ideal for forex traders.
- DxTrade, which offers a modernized interface that can be customized to suit both novice and veteran traders.
These platforms are crucial in assisting MiFunder’s traders in executing their trading strategies with precision.
Trading Instruments at MiFunder Prop Firm
Traders can explore and invest across a diverse range of markets:
- The Forex market includes all classifications of currency pairs.
- Commodities trading spans precious metals like gold, energy staples like oil, and various agricultural commodities.
- Exposure to indices involves significant global markets.
- Cryptocurrencies encompass trading with major digital currencies.
This broad selection enables traders to diversify their investment approaches and capitalize on different market dynamics.
Payment Methods at MiFunder Prop Firm
MiFunder offers various payment methods designed to accommodate a worldwide clientele:
- Wire Transfer for large-scale, secure deposits.
- Cryptocurrency Payments such as USDT and BTC, preferred for their rapid and discreet transactional nature.
These payment solutions are intended to provide convenience and flexibility for traders managing their financial transactions.
Exploring Account Size Options at MiFunder
MiFunder provides a variety of account sizes tailored to meet different levels of trading proficiency and financial engagement, ranging from $7k to $250k.
How MiFunder Prop Firm Shares Profits
The firm’s profit-sharing structure is crafted to substantially reward successful traders:
- The Basic Profit Split allows traders to retain 80% of the profits.
- There is a potential to increase this to 90%, provided specific conditions are met, enhancing the trader’s earning opportunities.
Setting the Bar: Profit Targets at MiFunder
- In Multi-step Challenges: Achieve a 7% profit in the first phase and 5% in the subsequent phase.
- In Single-step Challenges: Reach a profit target of 9%.
Drawdown Rules and Loss Limits at MiFunder Prop Firm
The Single-step Challenge involves a daily loss limit of 4% and a total loss limit of 6%.
The Multi-step Challenge sets daily and total loss limits at 5% and 10%, respectively.
Number of Trading Days Allowed
MiFunder accommodates various trading strategies by offering flexible trading periods:
- No Maximum Trading Days: This allows traders ample time to achieve profit targets without undue pressure.
- A Minimum of 5 Trading Days: Ensures traders have sufficient opportunity to demonstrate their skills and strategic prowess.
Cost of Entry for MiFunder Prop Firm’s Challenge
MiFunder’s pricing is carefully designed to balance accessibility with the need for trader commitment:
One-step Challenge Pricing:
- Basic: $59 for a $7k account
- Enhanced: $109 for a $15k account
- Professional: $189 for a $30k account
- Elite: $339 for a $60k account
- Premier: $489 for a $125k account
- Ultimate: $989 for a $250k account
Two-step Challenge Pricing:
- Introductory: $49 for a $7k account
- Basic: $99 for a $15k account
- Intermediate: $179 for a $30k account
- Advanced: $319 for a $60k account
- Professional: $479 for a $125k account
- Elite: $889 for a $250k account
Fees and Commissions: What to Expect at MiFunder
MiFunder’s fee structure is crafted to assist traders at all stages of their journey:
- Zero Commissions During Evaluation: Ensures traders can maximize their earnings without deductions.
- Low Commissions in the Funded Phase: A minimal $3 commission for forex trades post-evaluation enhances cost-effectiveness.
- Commission-Free Indices and Cryptocurrency Trades: Applies in both evaluation and funded phases to encourage diverse trading practices.
This fee policy is structured to encourage optimal trading performance with minimal financial strain.
Information on Refunds at MiFunder Prop Firm
MiFunder enforces a strict no-refund policy on fees for its trading challenges to ensure serious participation.
Free Trials
No free trial periods are available, maintaining a uniform entry criterion for all traders.
Payout Timeline at MiFunder Prop Firm
- Initial Payout: Issued 30 days following the achievement of designated profit targets.
- Regular Payouts: Subsequent payments are made bi-weekly, offering traders regular income streams.
This payout approach is designed to help traders manage their financial planning more predictably and effectively.
Weighing the Pros and Cons of MiFunder Prop Firm (According to Trustpilot reviews)
- Innovative Financial Initiatives: The flexibility offered by evaluation resets and funded phase options is highly valued.
- High Reward Potential: Regular reports of significant payouts attest to the firm’s effective profit-sharing structure.
- Dedicated Support Network: The firm’s support team is actively engaged, especially notable on community platforms like Discord.
- Evaluation Phase without Commissions: Traders benefit fully from their gains without any deductions during the evaluation phase.
- No Risk-Free Entry: The absence of refunds or free trial periods could be a deterrent for prospective traders seeking a low-risk start.
MiFunder FAQ Section
This add-on allows a reset of the funded account to its original state within the first 12 days of trading, altering the profit split to 50/50 thereafter.
Evaluation Phase Reset Feature
Purchasing this add-on enables up to two account resets during the evaluation period if used within 10 days of the first trade, offering a safety net for early challenges.
Restart Options Without Purchased Add-ons
Failure in the initial challenge phase without a reset add-on allows for a restart at a discounted fee, illustrating MiFunder’s commitment to trader success.
Overnight and Weekend Trading
MiFunder supports holding positions overnight and during weekends, enhancing opportunities for traders to benefit from extended market movements and adapt their strategies accordingly.
Interested in exploring proprietary trading with MiFunder? Sign Up with MiFunder Now
