MyForexFunds Unveils Evolution: Hitting 2% Drawdown Gets You Demoted to Intern
By Arnab Shome
AI summary of the source article
MyForexFunds has unveiled Evolution, a prop trading program launching on November 23, 2026. Under the new model, accounts move from Partner to Intern status at a 2% drawdown threshold, halting the use of their data for real-market execution.
Key facts
- Evolution offers one-phase and two-phase challenges, scaling accounts up to $1 million, and launches on November 23, 2026.
- Accounts drop from Partner to Intern status at a 2% drawdown, which stops their simulated trading data from being used by a separate proprietary trading firm.
- Traders Global sold the MyForexFunds brand assets to Dubai-based Global Solutions, headed by CEO Haider Raza, without transferring pending trader payout liabilities.
Source excerpt · Finance Magnates
MyForexFunds has outlined Evolution, a new prop trading program that offers one-phase and two-phase challenges and separates its simulated trading environment from a proprietary trading company. London's trading industry is coming home Funded accounts start in Partner status, which has no daily drawdown rule, and move to Intern status at 2% drawdown. Traders can request rewards on demand, earn a 1…