Affiliates of Matthew Leech's prop firm MyFundedFutures (MFF) who haven't generated a sufficient number of “individual purchases” will be removed from the program at the end of this month. This information was communicated to users via email and confirmed by moderators on the company's official Discord server.

MyFundedFutures “Unable to Monitor Smaller Affiliates”

MyFundedFutures is part of the popular prop trading company MyFundedFX. However, unlike the main brand, it focuses exclusively on the regulated futures market. As explained by MFF's founder and CEO, current compliance efforts necessitate changes to existing policies.

“Affiliates are a big focus of the broader regulatory and compliance environment,” Leech commented in an email sent to affiliates. “Ultimately, MyFundedFutures is responsible for how affiliates are advertising and promoting our company and our business model to consumers. Affiliates promoting our product offerings in an incorrect way is our responsibility.”

The message further states that the prop firm is unable to “monitor smaller affiliates” with whom they don't have a direct relationship and can't control how MyFundedFutures services are promoted online.

After @Topstep now @MyFundedFutures is stopping their Affiliate Program.

👇 pic.twitter.com/EOOMNqtvdb

— TheTrustedProp (@TheTrustedProp) October 15, 2024

As a result, a significant change has been introduced to the existing regulations. All affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Read this Term who haven't generated “at least 50 individual purchases to MyFundedFutures since the launch of the program will be phased out of the affiliate program.” Access to accounts will be lost after October 31. After this date, the prop firm will issue a final payout.

Emails with this content were reportedly sent to all users who didn't exceed the minimum threshold of 50 purchases. This information was confirmed by one of MFF's Discord moderators, stating, “If you have less than 50, your affiliate will be disabled as of October 30th.”

Finance Magnates last wrote about MyFundedFutures three weeks ago when the company integrated dxFeed US futures for instant market data.

21 Countries Blacklisted by MyFundedFutures

Last week, MFF also announced other compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term-related changes stemming from the need to work directly with US-registered FCMs, or Futures Commission Merchants.

“We have identified a list of countries that will never be approved to trade live according to guidelines and restrictions industry-wide for compliance and regulatory reasons by the FCMs,” Leech commented on Discord.

Consequently, the prop trading firm can no longer provide services to a list of 21 countries. Residents of these countries can no longer purchase new evaluations or challenges. However, this doesn't apply to individuals who already had active accounts with MyFundedFutures.

The list, in alphabetical order, includes Burkina Faso, Cameroon, China, Gibraltar, Haiti, Hong Kong, Jordan, Kenya, Macedonia, Mali, Mozambique, Myanmar, Namibia, Nigeria, Philippines, Qatar, Romania, Senegal, South Africa, Tanzania, and the United Arab Emirates.