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MPFunds trader programme launches in Asia

Participants can earn up to $530k whilst learning how to trade.

Singapore-based Funded Trader Programme, MPFunds, launched in the Asian market to offer trading capital of up to US$400k (approximately S$530k), coaching, counselling, and courses for traders.

Traders must submit a one-time application fee before they join the programme's two-phased evaluation Trading Challenges that grant them access to demo accounts to manage over varying periods, meet set profit targets, and organise trading losses.

MPFunds also offers free physical and virtual professional courses and coaching from several veterans in the industry for traders who want to prepare before attempting to participate in Trading Challenges.

READ MORE: SFA, Workforce Singapore launch FinTech Talent Programme

Once they passed both phases of the evaluation challenges, traders would receive a full refund of the registration fee upon the first week of profits and begin trading using their funded capital. 

MPFunds has a fast pay-out cycle, where traders can receive 80% of the profit after seven days that can scale up through better trading performance.

"As the first Funded Trader Programme in Asia, we are not only offering traders a platform to accelerate their trading journeys but also the resources to hone their skills with in-person counselling and courses to build an ecosystem beyond the computer," Dean Wong, MPFunds CEO, said.

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