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Is News Trading allowed at MiFunder?
Is News Trading allowed at MiFunder?
Updated over 6 months ago

MiFunder allows news trading for its Trading Evaluation. The challenges include:

  1. 1-Phase Trading Evaluation

  2. 2-Phase Trading Evaluation

Funded Account Restrictions:

During the funded account trading (1-Phase, 2-Phase, account), MiFunder imposes news trading restrictions. The following rules apply:

  • News trading is not allowed on the funded account, whether it's a 1-Phase or 2-Phase Funded Account.

  • There is a restriction period of 10 minutes before and 10 minutes after the release of a red folder event. This includes the opening/closing of market orders, and not any take profit or stop losses triggered within this 10-minute window.

  • The news trading restriction rule applies to all instruments available on the platform.

  • Open trades before news event MAY be left open. YOU DON'T HAVE TO CLOSE YOUR TRADES BEFORE RESTRICTED NEWS EVENTS.

Violation Process:

In case of a violation, the following process will be followed:

  1. Warnings (Soft Breaches): Traders will receive a maximum of 2 warnings for soft breaches. Both warnings will result in the deduction of any profits made from trades executed within the restricted 10-minute window.

  2. Third Violation: On the third violation, the account will be breached entirely.

  3. Deductions: Profit deductions are processed on the business day following the violation.

  4. Responsibility: If any deductions lead to the breach of daily or maximum loss limits, the trader is responsible for the violation.

Prohibited Pairs during News Events:

Refer to the restriction table provided by MiFunder to identify pairs prohibited during news events. This table outlines pairs restricted during high-impact news releases to avoid confusion and potential slippages.

INSTRUMENT

MACROECONOMIC EVENT

USD

NASDAQ

US30

US500

US OIL

GOLD

SILVER

  • Non-Farm Payroll

  • Unemployment Rate

  • FED Rates

  • FOMC Minutes

  • GDP q/q

  • CPI y/y

  • Crude Oil Inventories

  • Red folder government speeches (e.g., government official speaks)

GBP

UK100

UK500

  • CPI y/y

  • Bank Rates

  • MPC Votes

  • Red folder government speeches (e.g., government official speaks)

EUR

DAX30

FRA40

GER30

  • Refinancing Rates

  • Red folder government speeches (e.g., government official speaks)

CAD

  • BOC Rate Statement

  • Overnight Rate

  • CPI m/m

  • Unemployment Rate

  • Employment Change

  • Red folder government speeches (e.g., government official speaks)

AUD

ASX200

  • RBA Statement

  • Cash Rate

  • GDP q/q

  • CPI q/q

  • Unemployment Rate

  • Employment Change

  • Red folder government speeches (e.g., government official speaks)

CHF
โ€‹

  • SNB Rate

  • Red folder government speeches (e.g., government official speaks)

NZD
โ€‹

  • RBNZ Rate Statement

  • Cash Rate

  • GDP q/q

  • CPI q/q

  • Unemployment Rate

  • Employment Change

  • Red folder government speeches (e.g., government official speaks)

JPY

JPN225

  • JPY Rate Statement

  • Cash Rate

  • GDP q/q

  • CPI q/q

  • Unemployment Rate

  • Employment Change

  • Red folder government speeches (e.g., government official speaks)

Additional Guidelines:

  • Red folder events on Forex Factory that are not listed in the provided table are still considered news-restricted events.

  • "All Day" marked red folder events are not counted as news-restricted events, as there are no specified times for data releases.

  • Traders should be cautious during high-impact news events, as slippages may occur, and the trader is ultimately responsible for any resulting profits or losses.

  • MiFunder does not guarantee profits during high-risk news events, and traders should exercise caution to avoid violating drawdown rules.

  • View Forex Factory here

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