MyFundedFX has implemented a pivotal update to its payout system, eliminating Deel payouts in favor of a direct focus on cryptocurrency and bank wire transfers. This shift aims to streamline and enhance the process of earnings distribution for its community of traders, reflecting the firm’s commitment to providing flexible and efficient financial transactions.
Overview of the New Payout Policy
With immediate effect, MyFundedFX introduces a revamped payout strategy. This policy enables traders to initiate withdrawal requests 14 days following their inaugural live simulated trade, with a minimum withdrawal threshold set at $50. This adjustment is designed to accommodate traders across all experience levels, ensuring broad accessibility.
The transition away from Deel to embrace cryptocurrencies and bank wire transfers marks a strategic enhancement in MyFundedFX’s operational framework. This move is indicative of the firm’s resolve to optimize the user experience while guaranteeing the rapid and secure remittance of funds to its traders.
Key Details of the Updated Payout Mechanism
In this new payout landscape, MyFundedFX traders utilizing Ethereum (ETH), Tether (USDT), and USD Coin (USDC) are advised to ensure their wallets support the ERC-20 standard, a crucial step for seamless cryptocurrency transactions under the new system.
This adjustment to payout methods is part of MyFundedFX’s broader strategy to stay at the forefront of industry evolution, offering traders enhanced flexibility and efficiency in managing their earnings.
About MyFundedFX
Established in June 2022 and based in the US, MyFundedFX stands as a noteworthy proprietary trading firm. It extends an opportunity for traders to consolidate their accounts to a maximum of $300,000, coupled with a scaling plan for further balance growth, underscoring the firm’s dedication to nurturing trading talent and financial success.
