We Welcome Legitimate Traders
At MYFF, we pride ourselves on having an open and inclusive trading environment for all who abide by our Terms of Use. We value and respect all traders, regardless of the trading style, strategy, or statistical approaches used. However, it must be noted that any form of cheating, fraud, or abuse of the simulated trading environment is unacceptable and violates the MYFF Terms of Use. Such behaviors may result in warnings, account suspensions, or even account termination. Any form of cheating and abuse of the simulated environment is strongly prohibited and goes directly against the MYFF ToU that all traders agree to when signing up for our services. We strongly encourage all members of MYFF to read this article and MYFF's Terms of Use policy in their entirety to avoid unintended repercussions.
Cheating Is Prohibited
Of course, any trading styles that are deemed as "cheating" are not permitted and will result in a violation of our Terms of Service. For this reason, it is against our rules to take advantage of strategies that generate risk-free, consistent profits only on demo accounts. Our Flash Traders are expected to be trading on their accounts as if they are live accounts. Any use of a strategy that takes advantage of demo accounts will result in the closure of a Flash Trader’s account.
Account Inactivity
We require you to place at least one trade every 32 days. If this is not done we will consider your account inactive and a breach of your account will occur.
Example Strategies That Violate Our Rules
- The Trader may not engage in unlawful or unethical trading practices.
- The Trader may not use the Platform to engage in data freezing.
- The Trade may not use trading strategies intended to exploit errors on the Platform or theTrading Account, such as pricing errors or slow data speed.
- The Trader may not engage in conduct that is intended to manipulate trades, such as by simultaneously entering opposing positions, engaging in hedging trades between accounts, engaging in high in frequency trading, gap filling, arbitrage, or tick scalping.
- The Trader may not perform trades or use the Trading Account in violation of any applicable laws and the present Agreement.
- The Trader may not engage in trading activities that may cause damages, harm or financial loss to the Company such as overleveraging, overexposure, or one-sided bets.
- The Trader may not use software, mass data entry or other means to manipulate trades or provide the Trader with an unfair advantage.
- The Trader may not engage in trading activities that conflict with the industry practices of the Forex market or any financial market.
Leveraging positions significantly in a single direction (all or nothing) and maintaining them until an outcome is determined (one-sided-bets) can be interpreted as a single trading action with questionable risk strategy. This approach may result in a retry of the last phase of your challenge.
In the funded stages, any gains realized from such strategies might be adjusted, and account status could be reassessed. Actions that bear similarity to reverse trading could also be reviewed for potential adjustments.
These are the most common strategies that we have seen people use to take advantage of demo accounts, though this list does not represent all possible strategies that would go against our trading rules. If any account is seen to be using unfair strategies or an unrealistic trading style, they will not be eligible to be a Flash Trader. This also applies to high-risk gambling that does not align with our risk profile. Traders using prohibited strategies may be subject to a retry of their evaluations.
Changing of Password
The exact password has to be used which was sent by us via email to access the trading platform. Changing passwords is not allowed.
Please note that using any account management, “pass your challenge”, and/or copy trading services is also strictly prohibited and will result in the rejection of any Simulated Flash Funded Accounts, as well as a permanent ban of all MyYFF services.