The purpose of these copy-trading rules is to ensure fair and ethical trading practices, preventing the abuse of the copy-trading system. These rules are in place to maintain a level playing field for all traders, fostering a healthy trading environment. Adhering to these rules allows traders to benefit from the copy trading system while upholding the integrity of the platform.
MiFunder allows traders to engage in copy trading within the MiFunder platform, whether from another MiFunder account, prop firm, or retail broker, provided that the accounts are owned by the same individual. This allows traders to replicate trades from any account(s) under their ownership.
However, it is strictly prohibited to engage in copy trading between multiple accounts not owned by the same individual, including those of relatives, family members, or friends. Additionally, the following activities are also prohibited:
If a significant percentage of your trades closely resemble those of one or multiple traders based on parameters such as:
Opening Price
Closing Price
Lot size
Lot ratio
Symbols, etc.,
MiFunder employs an automated flagging system to identify potentially copied trades. If a flag is triggered on your account, it will undergo a manual review, and depending on the severity of the violation, one of two actions may be taken:
A warning will be issued along with a deduction of profits, and the account will be reset. If you are not in profit, your account will be directly terminated without any profit share.
Traders are permitted to use the same Expert Advisor as other traders, but it is essential that each trader ensures their trading parameters are unique, reflecting their individual trading style and account. If traders use the same expert advisor and have identical trading parameters, and similar trades are detected among one or more other traders, it will be considered copy trading.
Copy trading, account management, and services such as "pass-your-evaluation" are strictly prohibited. Traders are required and encouraged to trade independently. Failure to comply with any of these regulations may result in a formal warning or immediate termination from the MiFunder platform, depending on the severity of the case.