Established and headquartered in Singapore, MPFunds is Asia's 1st Modern Prop Firm, operating with the goal of identifying talented traders. Traders will need to undergo a 2-Phased MPFunds challenge to ultimately trade with simulated capital of up to US$400,000 and be eligible for rewards on their trading performance. On top of that, with our scale-up program, talented traders will have the opportunity to maximise their simulated capital allocation of up to US$1,000,000. Here at MPFunds, we believe in rewarding success. Our traders are entitled to receiving rewards equivalent to 80% of the profit generated on the demo account. To complement this, the reward timeline is swift, with traders able to request reward withdrawals as early as 7 business days. Unlike conventional firms, MPFunds also focuses on nurturing our traders with the 4Cs - Coaching, Courses, Counselling, and Customer Support, ensuring all traders are in a holistic trading environment. Take part in the MPFunds challenge and be rewarded for your trading talent today, built exclusively for those who dare to dream big in the trading world.
1st, Swing Features is suit to my Trading Strategies, Can hold weekend and Close/Entry during high Impact News. Because, sometime i doesn't know when my pending order was triggered and Hopefully can add Swap Free Features. 2nd, Ctrader looks like Professional but i rather like using MT4/5.
MPFunds 回复2024-01-16
Hi Amir,
Thank you for sharing your thoughts with us! We're glad to hear that our Swing Features align well with your trading strategies, especially the flexibility to hold over the weekend and during high-impact news events. Your suggestion about adding a Swap Free feature is greatly appreciated and duly noted!
Regarding your preference for MT4/5, we understand that every trader has their favorite platform. While cTrader is designed to offer a professional trading experience, we acknowledge the popularity and familiarity of MT4/5 among many traders. Your feedback is valuable, and we are looking into the possibility of incorporating these platforms in the future.
Thank you once again for your constructive feedback. We are committed to continuously improving and tailoring our services to meet the needs of our diverse trading community.
Trade safe,
The MPFunds Team
MPFUNDS is the best reliable company based in Asia, which all traders can take the best chance to enrich their future. They promised, and they did as recently I have got a giveaway of 1000 us dollars.
All the best,
MPFunds 回复2023-12-07
Hi Sokunna!
Thank you so much for your kind words! We are so happy that you chose us to embark your trading journey with. Not only that, you also won our recent giveaway for the month of November, so once again, a huge congratulations to you!
We wish you all the best in your trading and we look forward to having you funded with us!
Trade safe,
The MPFunds Team
I bought the $10K challenge on 13th november 2023 and has been trading daily for a total 10 trading with overall profit of $303.44. And suddenly today on 20th november, MPFUNDS failed my challenge because of maximum daily loss breached with a daily loss of $600.64 from a trade which I never took. The biggest loss I took was $360.44 on 16th november 2023 and th loss before that was $128 on 15th november 2023. THATS ON ENTIRELY DIFFERENT DAY! So i never hit the maximum daily loss. Even if those two losses are summed, it's only amount to $488.44 not $600.64. There was never a $600.64 loss on my trade history on the MPFUNDS dashboard, so where did the $600.64 loss trade came from if I never took the trade?
MPFunds 回复2023-11-20
Hi muddy sky (Antony),
Firstly, thank you for taking the time to write a review. However, upon checking, we realised our Support Team has already investigated and informed you the reason for your failure.
In case you have missed it, here are the details:
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Your account has violated the max daily loss limit of 5% on 17 November (UTC+0). Hence, your Phase 1 challenge was deemed as failed.
On this date (17th November), you closed a position of $-360.64 (Deal ID: 2998856), and another trade (Deal ID: 2999082) that, at one point of time, went into negative drawdown which violated the 5% max daily loss limit before you finally closed it in profit.
The Max Daily Loss Limit represents the Maximum Permitted Loss that can be incurred in a single day. This applies to ALL OPEN and CLOSED positions. The Daily Loss Limit resets at 00:00hrs (UTC+0) every day. Hence, traders are expected to ensure that their account equity does not fall below the 5% threshold drawdown each day.
Please note that the reset occurs at 00:00 hour (UTC+0) time, and not your local time.
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We hope this helps to clarify your issue as there was no foul play involved.
Thank you.
The MPFunds Team
Asia's First Prop firm.
Looking forward to working with you guys.
MPFunds 回复2023-11-07
Hi Yap,
Thank you for your review!
We are also looking forward to having you with us. Can't wait to celebrate your achievements together!
All the best,
The MPFunds Team
MPFunds is the only Asia based prop firm.
Their support team respond is fast and they know what they doing. I am confident as they are based in SG which is not easy to get a license from MAS.
Will definitely give it a try this month.
I had been traded with other prop firm like FTMO and TFT. Is time to diversified. Will update the review again once i tried with MP Funds. See you around! Cheers
MPFunds 回复2023-11-06
Hi Rishmond
Thank you so much for your kind review of us!
But to prevent any misunderstandings, we'd like to clarify that we do not have a license from MAS. As advised by our law firm, we are not required to be regulated at this current juncture. However, should the requirement arise, we'll comply with the relevant authorities.
We hope to be as open and transparent as possible.
Once again, thank you for taking the time to review us. We can't wait to have you funded and celebrate your payout successes together!
Trade safe,
The MPFunds Team.
Started the phase 1 challenge earlier this month and the experience is great so far. The rules are clear and the support team's response time is fast. The cTrader platform is great and much more user friendly than MT5.
MPFunds 回复2023-10-31
Hey Gilbert!
Thank you so much for your kind words! We do our best to ensure that all our client's queries are attended to and we're delighted to hear that your experience with us has been great!
Glad to hear that you are enjoying cTrader as well.
Looking forward to seeing you getting funded and paid out!
Trade safe,
The MPFunds Team
Everything are good until the rule breach notification
Registration, signing up, selecting plans, and payments all are smooth, cTrader is the only platform have to re-learn.
Reading that one of the comments that someone breached the rules and was still able to continue the challenge till Phase 1 and only got to know he/she was disqualified due to rules breach earlier, this is a big turndown when we passed the Phases and got to know that we were disqualified but not notification sent upon 1-2 days after breaching the rules, MPF please consider adding this notification in future.
MPFunds 回复2023-10-22
Hey Alex,
Thanks for taking the time to submit a review! We're delighted to hear that your experience with us and our platform so far has been good!
As for your second point, we'd like to stress that we do not send notifications or e-mail alerts upon breaches of our trading objectives. It is up to the trader's discretion and professionalism to keep track of their progress and limits via the dashboard.
However, we understand your frustration and we value your feedback on this matter. We'll look into it and consider this in the future.
Thank you once again for your honest feedback, and we wish you all the best!
Trade safe,
The MPFunds Team
Hi MPFUNDS,
I am thrilled to have Asia's first prop firm right here in Singapore. It gives me great assurance that payouts will be handled professionally and will be prompt.
I was fortunate enough to win the 25k challenge account previously. It was an invaluable learning experience, allowing me to hone my trading skills for a whole month. While I successfully passed the first phase, I fell short in the second phase. However, this setback didn't discourage me. I recognize my shortcomings and understand that becoming a successful trader requires dedication and perseverance. This experience has only reinforced my determination to practice and improve my trading strategies.
I would be incredibly grateful if I could receive a discount code for my next challenge or perhaps have the opportunity to win another challenge again.
MPFund is an excellent platform for aspiring traders who are serious about their craft and committed to making sound, calculated decisions. If you're looking for a reliable source of additional income through disciplined trading, MPFund is the place to be.
Thank you for providing such a valuable platform for aspiring traders in Asia.
Sincerely,
MPFunds 回复2023-10-20
Hey Galex!
We are delighted to be part of your trading journey and we can't wait to see what we can achieve together!
Trading is never easy, but as long as we learn from our experiences and mistakes - that's all that matters! :)
We look forward to having you funded with us.
Till then, trade safe and all the best! Remember, you have all the time you need to pass the challenge.
The MPFunds Team
I've been taken on the challenge from many prop firms. This is one of the legit ones. Knowing that the company is headquartered in Singapore, where Singapore is the financial hub, they are very prompt in responding to your inquiry. I’m funded with MPFunds and look forward to the first payout. Keep it up, MPFunds.
MPFunds 回复2023-10-20
Hello Peggy!
Super happy and delighted to hear that you're enjoying your time with us. We'll continue to do our very best in improving and upgrading ourselves for our traders.
Looking forward to seeing you receive your payouts! Trade safe! ;-)
Best,
The MPFunds Team
I am the recipient of the fund. The system works very well, fast, Real time. Support is fast. The rules and regulations are in accordance with acceptable standards. Give 4 stars. If you can withdraw for the first time, you will give 5 stars.
MPFunds 回复2023-10-20
Hi Khemmakorn,
Thank you so much for your review! We are delighted to hear that you are enjoying our platform thus far, and our support works hard to ensure all your queries are answered to!
We can't wait to see your payouts with us! Looking forward!
Till then, trade safe!
The MPFunds Team
A great prop firm with really good spreads and commissions, with market executions that are essentially instant.
A definite 5/5 prop firm and I'll be looking to maximise my capital allocation with the company for sure.
MPFunds 回复2023-10-18
Hey Joseph!
Glad to see that you're enjoying trading with us! Yes, never put all your eggs in one basket!
We can't wait to have you funded and see what you'll achieve with us!
Trade safe!
I havent had an account but so far mpfunds have been helpful in my trading journey. The discord community is well managed and queries are quick to be answered. Up and rising prop firm
MPFunds 回复2023-10-17
Hi Syazrïn!
Thank you for taking the time to submit a review! It truly means a lot to us.
We're happy to hear that your experience with us have been pleasant so far! We endeavour to give the best to our traders and we'll continue to service everyone to the best of our abilities.
Can't wait to see what you achieve with us!
Trade safely!
When my account was breached on 4th october, I didn't receive any notification & still continue to trade on my demo account phase 1. Today i reached the phase 1 target of 8%. I log in to see my account failed the very start already.
MPFunds 回复2023-10-16
Hi Darren!
Firstly, thank you for taking the time to write a review! It’s unfortunate to hear that you breached your Phase 1 rule.
Upon checking, we’ve replied to your email enquiry on email notifications for violations on 13 October, and we’ve stated that we do not send out notifications or emails upon any breaches of our trading objectives.
Our traders are expected to keep a close eye on their progress, and monitor their allowed drawdowns via the dashboard consistently.
We hope to seek your kind understanding on this matter.
Sent an email to them to address my issue. But no reply from them. Bad experience.
MPFunds 回复2023-10-12
Hi John,
Thank you for taking the time to write a review. We’ve checked thoroughly but found that no email made it to our inbox (was not in spam as well).
We take pride in servicing our customers and we endeavour to provide support within the quickest time possible.
We apologise for any inconvenience on your end, but we’d like to request for you to resend us an email to [email protected] and we’ll get back to you.
In the meantime, you may explore joining our Discord server where our team can also assist you.
We look forward to receiving your email.
Best regards,
The MPFunds Team
Everything is fine, just have to get use to ctrader. Nothing much to comment, just hope that they have MT4/MT5 soon.
MPFunds 回复2023-10-12
Hi Singapore Lion, thank you so much for taking some time off your day to write a review!
Hope that you are getting used to and liking the intuitive interface of cTrader! As for MT4/5, the team is well aware of the interest in having it.
We look forward to improving further and constantly providing an amazing platform for all our traders.
Trade safe!
First time using Ctrader to trade. Loving the interface and functions. Would also like to have MT4/5 as alternatives too.
I also like that MPfunds have the option to withdraw via PayNow which is so much easier.
MPFunds 回复2023-10-02
Hi Eugene! Thank you for your review, we love that we can pay Singaporeans such as yourself via PayNow too!
We've taken note of your interest in MT4/5 and we'll endeavour to continue to update and provide new upgrades for our traders.
Trade safe!
Love the cTrader platform. Fast, intutive platform.
Took 12 days to pass my Phase One and am at Phase Two now. The dashboard is very similar to FTMO and you can see the leaderboard of the top traders.
Lastly, I would like to warn all the newbie traders not to gamble during high-impact news sessions (allowed in Phase 1 and 2 demo accounts) using market execution because there will be slippage. (Learnt it the hard way)
The main advantage to use MPFunds compared to FTMO is because of lower profit withdrawal costs. (Also, their passing requirements for profit margin are slightly easier.)
MPFunds 回复2023-09-29
Hi Lim, thank you so much for your effort in writing this review! We truly appreciate the kind words!
Great to hear that you are enjoying our platform and on Phase 2 now! We can't wait to see you get funded and get your withdrawals!
Trade safe!
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