MiFunder, legally known as Lunnify (FTE), is a proprietary trading firm headquartered in Dubai, UAE, founded in 2023. The firm is recognized for its specialized trading challenges, offering both single-step and multiple-step evaluation processes, supported by trading platforms like MT4 and DxTrade.
Participants have access to a diverse array of financial markets including Forex, commodities, indices, and cryptocurrencies. MiFunder prides itself on offering attractive profit shares, no commissions during evaluation periods, and adaptable trading conditions to cater to various strategies and experience levels.
Ready to take on a new trading challenge? Sign up here: Engage with MiFunder.
Coupon Codes for MiFunder Prop Firm
MiFunder Prop Firm is extending a promotional offer to new traders initiating their evaluation phase. Apply the code NEXTLEVEL20 to receive 20% off all Evaluation accounts.
This offer is available until the end of April 2024.
MiFunder: Company Details
Legal Name
MiFunder, officially operating as Lunnify (FTE), is known for its innovative approach to proprietary trading.
MiFunder Prop Firm’s Address
Positioned in Business Bay, Dubai, UAE, MiFunder’s location is strategically chosen to align with major financial markets and opportunities.
Date of Establishment
MiFunder commenced operations in 2023, positioning it as a contemporary player in the proprietary trading field.
Who Leads MiFunder Prop Firm?
The ownership details of MiFunder remain undisclosed on the firm’s official website.
MiFunder Prop Firm’s Trading Platform Choices
MiFunder grants access to leading trading technologies:
- MT4 is highly favored for its depth in analysis tools, automated trading options, and robust back-testing capabilities, specifically suited to forex trading.
- DxTrade appeals to a modern trader with its adaptable interface and functionalities that accommodate varying levels of trading experience.
These platforms are vital for enabling traders at MiFunder to effectively apply their trading strategies.
The Instruments You Can Trade with MiFunder Prop Firm
MiFunder provides its traders the opportunity to invest across several sectors:
- Forex trading includes a full spectrum of currency pairs.
- Commodities such as gold, oil, and other staples.
- Indices for trading on major worldwide markets.
- Cryptocurrencies for speculating on top digital currencies.
This extensive range allows traders to explore multiple markets and utilize varied trading opportunities.
How to Pay at MiFunder Prop Firm
MiFunder supports a variety of payment methods to suit international clients:
- Wire Transfers are recommended for secure, large transactions.
- Cryptocurrency Payments, including options like USDT and BTC, provide fast and private transactions.
These payment methods are selected to offer ease and flexibility for all financial dealings within the firm.
MiFunder Prop Firm’s Array of Account Sizes
MiFunder offers various account sizes to accommodate diverse levels of trading expertise and financial commitments, with tiers ranging from $7k to $250k.
As for variety of step challenges:
- The Single-Step Challenge: This is a straightforward, intense challenge suitable for experienced traders who are confident in meeting higher targets swiftly.
- The Multi-Step Challenge: Designed for traders who prefer a phased approach, allowing them to demonstrate consistent performance across multiple stages.
The Profit Sharing System at MiFunder Prop Firm
- Traders receive 80% of the profits earned through their trading activities.
- There’s an opportunity to boost profit shares to 90% under certain qualifying conditions, thereby increasing the potential financial returns for traders.
Profit Targets at MiFunder Prop Firm
MiFunder has clearly defined profit targets for its traders, aimed at promoting advancement or securing additional funding:
- For the Multi-Step Challenges: Traders are required to achieve a 7% profit in the initial phase followed by 5% in the final phase.
- For the Single-Step Challenges: A direct and ambitious profit target of 9% is set.
These targets are established to assess a trader’s ability to generate steady returns while efficiently managing risks.
Loss Rules and Daily Drawdown
- In the Single-Step Challenge: There is a maximum daily loss limit of 4%, with an overall loss limit set at 6%.
- In the Multi-Step Challenge: Limits are placed at 5% daily and 10% total loss.
Maximum/Minimum Trading Days at MiFunder
Unrestricted Maximum Days: Traders are allowed as much time as needed to reach the established profit targets, alleviating undue stress and fostering strategic planning.
Required Minimum of 5 Days: This ensures that traders demonstrate their trading efficacy and strategic insights adequately.
MiFunder Prop Firm Challenge Fee Breakdown
For the 1-step Challenge:
- Kick-off: $59 gets you a $7k account
- Level Up: $109 for $15k
- Go Pro: $189 for $30k
- Elite Play: $339 for $60k
- Top Tier: $489 for $125k
- The Big League: $989 for $250k
And for the 2-step Challenge:
- Starter: $49 for $7k
- Graduate: $99 for $15k
- Advanced: $179 for $30k
- High Flyer: $319 for $60k
- Pro: $479 for $125k
- Ultimate: $889 for $250k
What’s Up with Fees at MiFunder Prop Firm
The fee setup is all about helping you keep more of what you make and support you all the way:
- Zero Commissions When Evaluating: That’s right, keep all your profits when you’re proving your mettle.
- Just $3 for Forex in the Funded Phase: Keeping it real and affordable once you’re playing with the big funds.
- No Fees on Indices and Crypto, Ever: Trade away with no extra costs, whether you’re evaluating or funded.
Refund Policy & Free Trials
No free trials & all the fees for challenges are final at MiFunder.
Trader Payout Schedule at MiFunder
- First Check: Comes your way 30 days after you hit your targets.
- Then Every Two Weeks: We keep the cash flowing with regular payouts.
Trustpilot Assessment of MiFunder Prop Firm: Pros & Cons
- Innovative Financing Solutions: MiFunder is highly regarded for its flexible evaluation resets and multiple options during the funded phase, which are appreciated for enhancing trader flexibility.
- Robust Earning Potential: There are numerous reports highlighting significant payouts, indicating a strong profit-sharing framework that effectively rewards successful trading.
- Exceptional Support Services: The firm’s support team is frequently commended for their responsiveness and effectiveness, especially noted for their presence on platforms like Discord.
- Commission-Free Initial Phase: Traders benefit from a no-commission policy during the evaluation phase, which allows them to maximize earnings from the outset.
- Non-Refundable Fees: MiFunder does not offer refunds or free trial periods, which requires potential traders to commit financially from the beginning, potentially raising entry barriers.
MiFunder Prop Firm Website FAQ
If a trader encounters issues during the funded phase, MiFunder offers a Funded Phase Reset, allowing the account to revert to its original state within the first 12 days of trading. It’s important to note that this reset changes the profit split to 50/50.
Can traders reset during the evaluation phase?
MiFunder provides an Evaluation Phase Reset that can be purchased, allowing up to two resets if utilized within 10 days of initiating trades. This feature offers a safety net for traders experiencing early difficulties.
Is it possible to restart a challenge without the reset add-on?
If a trader fails the initial challenge phase without purchasing the reset add-on, MiFunder allows them to restart the evaluation at a discounted rate, demonstrating the firm’s flexibility.
Are overnight and weekend trading positions allowed?
Yes, MiFunder permits traders the flexibility to hold positions overnight and during weekends. This capability is essential for those looking to capitalize on market movements that occur outside of standard trading hours, thus enhancing their strategic options.
Interested in exploring proprietary trading with MiFunder? Sign Up with MiFunder Now
