Lunnify (FTE), trading as MiFunder, is a proprietary trading firm headquartered in Dubai, UAE, since its inception in 2023.
The firm stands out by presenting traders with innovative challenges, which include both single-step and dual-step evaluation processes, utilizing platforms such as MT4 and DxTrade.
Participants have access to a broad array of financial instruments including Forex, commodities, indices, and cryptocurrencies.
MiFunder is known for its favorable profit-sharing models, absence of commission fees during evaluations, and adaptable trading conditions that cater to various trading techniques and experience levels.
Interested in a fresh trading challenge? Register here: Join MiFunder.
MiFunder Prop Firm’s Coupon Codes
MiFunder Prop Firm currently extends a promotional offer to traders initiating their evaluation phases. Apply the promo code NEXTLEVEL20 for a 20% discount on all Evaluation accounts.
This offer is valid through April 2024.
All About MiFunder Prop Firm
The Official Name of MiFunder Prop Firm
Trading as MiFunder, the firm is officially registered as Lunnify (FTE), reflecting its progressive approach to proprietary trading.
Where is MiFunder Prop Firm Located?
Based in Business Bay, Dubai, UAE, MiFunder is positioned in a key financial district.
MiFunder Prop Firm: The Year It Started
Founded in 2023, MiFunder is a contemporary entity in the proprietary trading sector.
Executive Management at MiFunder Prop Firm
The ownership of MiFunder is not publicly listed on its official site.
Community Feedback for MiFunder
- Innovative Funding Approaches: The community values the flexible funded stages and the option for evaluation resets.
- Significant Earnings: Positive reports of large payouts, demonstrating the firm’s commitment to profitable sharing.
- Community and Support: High praise for the supportive and responsive customer service team, particularly on social platforms like Discord.
- No Evaluation Commissions: Traders benefit fully from their earnings during the evaluation phase.
- Lack of Refunds and Trials: The absence of refunds and trial periods could deter potential traders unwilling to commit funds upfront.
Platforms Used by MiFunder Prop Firm for Trading
MiFunder Prop Firm equips its traders with two leading platforms:
- MT4: A staple among forex traders, MT4 features comprehensive charting tools, automated trading capabilities, and thorough back-testing facilities.
- DxTrade: Offers a contemporary interface with customization options, suitable for traders at all levels of expertise.
These platforms facilitate effective strategy implementation for all traders at MiFunder.
MiFunder Prop Firm: Instruments You Can Trade
Forex: Includes major, minor, and exotic pairs.
Commodities: Features metals like gold, energy commodities like oil, and various agricultural products.
Indices: Provides exposure to top global indices.
Cryptocurrencies: Includes trading on leading digital currencies.
This diverse selection allows traders to exploit different market dynamics.
Payment Options at MiFunder Prop Firm
MiFunder offers multiple payment solutions tailored for a worldwide clientele:
- Wire Transfer: Best for substantial transactions, providing a secure method for deposits.
- Cryptocurrency Payments: Supports transactions in USDT and BTC, preferred for their speed and confidentiality.
These options facilitate seamless transactions for both account funding and profit withdrawals.
Account Size Options in MiFunder Prop Firm
Account Options: $7k, $15k, $30k, $60k, $125k, $250k.
Understanding Profit Splits at MiFunder Prop Firm
The profit-sharing structure at MiFunder is designed to substantially reward its traders:
- Basic Profit Share: Traders receive 80% of the profits.
- Enhanced Options: Possibility to increase to 90% under certain conditions, boosting the profit potential for qualifying traders.
MiFunder Prop Firm’s Approach to Profit Targets
MiFunder has established specific profit goals that traders need to achieve to progress or secure funding:
In 2-step Challenges: Traders must reach a 7% profit in Phase 1 and 5% in Phase 2. In 1-step Challenges: A single profit target of 9% is set.
These benchmarks are intended to evaluate a trader’s ability to consistently produce profits while effectively managing risk.
Drawdown Rules and Daily/Max Loss Policy at MiFunder
MiFunder enforces strict risk management protocols to safeguard both the trader and the organization:
For the 1-step Challenge: There is a maximum daily loss limit of 4% and an overall loss threshold of 6%. For the 2-step Challenge: A daily loss limit of 5% and a total loss cap of 10% are in place.
These controls are crucial for fostering disciplined trading habits and ensuring a sustainable trading career.
Minimum and Maximum Trading Days at MiFunder
MiFunder allows for flexible trading durations, which accommodate various trading styles:
- No Limit on Maximum Days: Traders are not pressured by time constraints and can aim for profit targets at their own pace.
- Minimum Trading Days: A minimum of 5 trading days is required to adequately demonstrate trading capabilities and strategic effectiveness.
Step Challenges Available at MiFunder Prop Firm
- Single-step Challenge: Fast-paced and aimed at seasoned traders who are confident in achieving higher targets swiftly.
- Two-step Challenge: Allows for a phased demonstration of consistent trading performance over time.
Costs of Entry for MiFunder Prop Firm’s Challenges
For the 1-step Challenge:
- 7k – $59
- 15k – $109
- 30k – $189
- 60k – $339
- 125k – $489
- 250k – $989
For the 2-step Challenge:
- 7k – $49
- 15k – $99
- 30k – $179
- 60k – $319
- 125k – $479
- 250k – $889
Commissions and Fees at MiFunder Prop Firm
- Zero Commissions during Evaluation: Enables traders to retain all profits without deductions.
- Commission Rates Post-Evaluation: $3 per trade for forex, with complete transparency.
- Indices and Cryptocurrencies: No commission charged at any phase, evaluation or funded.
Refund Options & Free Trial at MiFunder Prop Firm
MiFunder does not offer refunds on fees for trading challenges, nor does it provide free trial periods for these challenges.
Payment Frequency at MiFunder
- Initial Payout: Made 30 days after achieving the necessary profit targets.
- Regular Payouts: Occur bi-weekly, ensuring continuous and predictable income for successful traders.
MiFunder FAQ
If you break a rule in your funded phase, you can activate the Funded Phase Reset add-on to reset your account without undergoing another evaluation. They developed this feature as an insurance policy to protect your funded account.
Please note:
50/50 profit split after reset
Can ONLY be activated on or before 12 days after the first trade in your funded account.
P.S. 90% of traders who bought the reset ended up needing it to remain in the funded phase (after a breach).
Evaluation Phase Reset
Mistakes are inevitable, especially in the first few days of trading. At MiFunder, traders who purchase the Evaluation Phase Reset add-on can reset their evaluation twice.
How Evaluation Phase Reset Works
The “evaluation phase reset” is applicable only to two-phase evaluation accounts.
If the perk wasn’t used in Phase 1, it can be activated in Phase 2 (the verification phase). Either time you use this perk, you start again from phase one (for free).
It can only be activated within 10 days of your first trade. The 10 days don’t restart each time you reset. In other words, you have 10 days to make 2 mistakes (violation), and you can’t reset after 10 days.
Can I reset my account without purchasing the Evaluation Phase reset perk?
For example, if you initially purchased a $125k two-phase evaluation without the “evaluation phase reset perk” and you fail before completing phase 1, you can restart the evaluation, usually at a discounted rate.
Profit Split Add-on
Get your profit split upgraded from 80% to 90% without scaling. Only available to 1-phase challenge.
Can I hold my positions Overnight/Weekend?
Yes, at MiFunder, you have the flexibility to hold positions overnight and on weekends. This feature allows you to potentially capture extended market movements that may occur outside regular trading hours and over the weekends, providing you with opportunities to maximize your trading strategies and adapt to various market conditions effectively.
Curious to try MiFunder out? Join MiFunder Today
