MyFundedFX Funded Trader Knowledge Base
MyFundedFX FAQ: Evaluations, Drawdown Rules, Payouts & Firm Status
Every MyFundedFX evaluation tier, drawdown rule, and payout detail — plus the firm's current status and how it's distinct from MyFundedFutures.
Compare MyFundedFX's Lightning, Standard, and Express evaluation models, see how the proprietary drawdown system actually works on each tier, and understand what the profit split looks like once you reach the funded phase. This guide covers scaling rules, weekly payout cycles, restricted strategies, KYC requirements, and platform options across DXtrade and Match-Trader. Learn how to automate MyFundedFX through TradingView webhooks with PickMyTrade and trade your strategies hands-free without tripping consistency or news-event restrictions.
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Closure, Rebrand & Current Status 12 answers
Is MyFundedFX still in business in 2026?
No. Seacrest Markets (the parent of the rebranded SeacrestFunded, formerly MyFundedFX) ended all proprietary trading operations on February 6, 2026. The company now operates only as a CFD broker. New evaluation purchases are no longer available; existing accounts were terminated.
When did MyFundedFX shut down its prop firm operations?
February 6, 2026 — all open positions and prop trading accounts closed on that date. Refund and final payout window stayed open until February 28, 2026.
When did MyFundedFX rebrand to SeacrestFunded?
February 11, 2025. CEO Matthew Leech announced the rebrand and the launch of an affiliated CFD broker (Seacrest Markets) licensed in South Africa. The myfundedfx.com domain was redirected to funded.seacrestmarkets.io.
Why did MyFundedFX rebrand and then close?
Phase 1 (Feb 2025): Rebrand to SeacrestFunded to align with the new licensed broker (Seacrest Markets, South Africa). Phase 2 (Oct 2025): Brands merged. Phase 3 (Feb 2026): Seacrest pivoted fully to broker-backed CFD trading and shut prop. Industry context: many prop firms closed during the 2024-2026 post-MetaQuotes-crackdown shakeout.
Did MyFundedFX go bankrupt or run a scam?
No formal bankruptcy. The closure was framed as a strategic shift to a broker-licensed model. However, many funded traders reported difficulty accessing final payouts and slow support response. Trustpilot and forum threads documented mixed outcomes — some refunds processed, others delayed. Officially: a wind-down, not a fraud event.
Were challenge fees refundable when MyFundedFX closed?
Yes — for active, unbreached challenge accounts only. Refund requests had to be filed by February 28, 2026, processed within 30 days first-come-first-served. Breached, inactive, and giveaway-promotion accounts were not eligible for refunds.
Were funded account profits paid out at closure?
Funded account holders had until February 28, 2026 to request final balance payouts via the Seacrest Dashboard. Payment options were the original method, or crypto/bank wire if the original method was no longer supported. Some traders reported delays and partial payouts.
Can I still access my MyFundedFX dashboard?
After February 28, 2026 the dashboard for refund/payout requests was decommissioned. The Seacrest Markets CFD brokerage portal continues separately, but it does not include prop trading account history.
What does Seacrest Markets do now?
Operates exclusively as a CFD/forex broker licensed in South Africa. Not a prop firm anymore. Open to retail traders globally except the United States.
Where should MyFundedFX traders go after the closure?
Top forex prop alternatives in 2026: FTMO (founded 2014 in Prague, 90% split, MT5/cTrader/DXTrade), FundedNext (90% standard split with 95% available via specific Stellar Lite competitions and named promos, MT4/MT5/cTrader/TradeLocker), FundingPips (up to 100% split, MT5/cTrader/Match-Trader), FXIFY (bi-weekly + on-demand first payout), The5%ers (1-step pioneer). For traders who want futures too, MyFundedFutures (MFFU) — Matthew Leech's other firm — continues operating.
Is MyFundedFutures (MFFU) affected by the MyFundedFX closure?
No. MFFU is a separate legal entity (not Seacrest Markets) and continues to operate normally on its futures-side platforms — NinjaTrader, Tradovate, TradingView, Quantower, Volsys, Volumetrica, and ATAS. Same founder (Matthew Leech), separate company, separate accounts, separate finances. MFFU is unaffected by the Seacrest closure.
Is there any chance MyFundedFX comes back?
No public plans for relaunch. The brand has been sunset and Seacrest's stated direction is broker-only. If a relaunch happens it would likely be under a new brand. Treat MyFundedFX as a historic firm.
MyFundedFX Basics 10 answers
What was MyFundedFX?
A Dallas, Texas-based forex/CFD prop firm operating from June 2022 to February 2026. Offered 1-step, 2-step, and 3-step evaluation programs across forex, indices, metals, energy, and crypto CFDs. Standard account sizes were $5K, $10K, $25K, $50K, $100K, $200K, and $300K — single-account max $300K, with the scaling program lifting aggregate funded capital toward roughly $600K. Profit split started at 80% on the standard ladder and scaled to 90% (with an effective 92.75% on top performance tiers).
Who founded MyFundedFX?
Matthew Leech, an information-systems graduate from Texas Christian University with a trading background since 2018. He founded MyFundedFX in June 2022 under the legal entity MyFunded Solutions, LLC. He later launched MyFundedFutures (MFFU) in June 2023 as a separate futures-only operation, and Blue Row Capital as another initiative.
When was MyFundedFX founded?
June 2022. Operated for ~3.5 years before the rebrand and closure. The firm grew rapidly during the 2022-2024 forex prop boom.
Where was MyFundedFX based?
Dallas, Texas, USA. Operated as MyFunded Solutions, LLC. After the 2025 rebrand, the affiliated broker arm (Seacrest Markets) added a South African license, and the parent began restricting US clients due to the broker license model.
Was MyFundedFX a regulated broker?
No — the prop firm itself was not a regulated broker, only a tech/contractor entity issuing simulated accounts. The affiliated Seacrest Markets brokerage (added in 2025) is licensed in South Africa, but that's separate from the prop arm. Standard for retail prop firms globally pre-2025.
Was MyFundedFX legit while operating?
Yes during its operating years — Trustpilot rating peaked around 4.3/5 across roughly 1,100-1,200 reviews (some third-party trackers logged the figure as high as 4.7 in peak periods), with verified payouts. Common complaints centered on consistency rule disputes, KYC delays, and rule changes (typical for prop firms). The closure itself was an orderly wind-down, not a scam — though some traders did report unpaid balances post-closure.
How many traders did MyFundedFX have?
Tens of thousands cumulatively across its 3.5 years operating. The firm did not publicly disclose a precise count. The roughly 1,100-1,200 Trustpilot reviews give one rough sample of active customers (Trustpilot reviewers are always a fraction of the full base).
What countries did MyFundedFX accept traders from?
Pre-rebrand: most countries except OFAC-sanctioned. Post-rebrand (Feb 2025+): added US restriction (no new US customers). Existing US accounts allowed to continue until the Feb 2026 closure. Strong India / MENA / Latin America / Southeast Asia presence.
Did MyFundedFX accept US traders?
Yes, from June 2022 to February 2025. After the SeacrestFunded rebrand on February 11, 2025, no new US customers were accepted (broker license consideration). Existing US clients could continue trading their accounts until the firm-wide closure on February 6, 2026.
Did MyFundedFX trade real money or simulated capital?
Sim-funded. Orders filled against simulated quotes mirroring live market data; payouts were paid in real cash from MyFundedFX's revenue (challenge fees + B-book performance). Standard prop firm model; not a real-money brokerage account.
1-Step, 2-Step & 3-Step Plans 12 answers
What plans did MyFundedFX offer?
Three core evaluation tracks: 1-Step (one phase), 2-Step (two phases — including a "2-Step Max" variant with looser drawdown), and 3-Step (three phases for very risk-averse pricing). All ended in a "Live Simulated" funded phase with 80% split standard, 90% split optional add-on.
What was the MyFundedFX 1-Step plan?
Single-phase evaluation: hit a 10% profit target without breaching 4% daily loss or 6% maximum trailing drawdown. Minimum 3 profitable days. Leverage 100:1. Fastest path to funded — most popular plan.
What was the MyFundedFX 2-Step plan?
Two-phase evaluation: Phase 1 = 8% profit target, Phase 2 = 5% profit target. 5% daily loss, 8% max drawdown. Minimum 3 profitable days per phase. Leverage 100:1. Industry-standard 2-step structure.
What was the MyFundedFX 2-Step Max plan?
Variant of 2-Step with bigger drawdown cushion: 10% phase 1 target, 5% phase 2 target. 5% then 4% daily loss across phases. 10% then 8% max drawdown. Leverage stepped down 50:1 → 30:1. For traders willing to pay more for breathing room.
What was the MyFundedFX 3-Step plan?
Three-phase evaluation: 6% target per phase. 4% daily loss, 8% max drawdown. Minimum 1 profitable day per phase. Leverage 30:1. Cheapest entry, slowest path to funded — for risk-averse traders.
Which MyFundedFX plan was the fastest path to funded?
1-Step. Single phase, hit 10% target with 6% drawdown headroom, get funded. Most aggressive traders preferred this. The 2-Step Max was second-fastest because of its more generous drawdown.
Which MyFundedFX plan was best for beginners?
3-Step — gentlest profit targets (6% per phase) and the loosest pace. Allowed beginners to compound slowly without the aggressive 10% single-phase pressure of 1-Step.
Which MyFundedFX plan had the best drawdown headroom?
2-Step Max with 10%/8% max drawdown across phases. The most forgiving for swing traders running wider stops. 1-Step had the tightest 6% drawdown.
Did MyFundedFX offer instant funding?
No pure instant funding tier in the standard lineup. The 1-Step was the closest to instant — single phase, fast pass-rate. Some promotional events offered "instant" branding but always with at least one evaluation gate.
What was the difference between MyFundedFX 2-Step and 3-Step?
2-Step: 8% then 5% targets, 5% daily loss, 8% drawdown, 100:1 leverage. 3-Step: 6% × 3 phases, 4% daily loss, 8% drawdown, 30:1 leverage. 2-Step is faster but stricter daily limits; 3-Step is gentler per-phase but lower leverage and longer to complete.
Was the MyFundedFX 1-Step plan good for scalpers?
Mixed. 1-Step's 100:1 leverage and unlimited time were friendly to scalpers, but the 4% daily loss limit was tight for high-frequency strategies. The Live Simulated phase added a "trades must be open at least 2 minutes" rule that hurt sub-2-minute scalpers.
Which plan was best for swing traders?
2-Step Max — the 10% drawdown headroom on phase 1 and overnight/weekend hold flexibility on the forex side made it the swing-friendly option. 1-Step's 6% drawdown was too tight for typical swing risk profiles.
Account Sizes & Pricing 10 answers
What account sizes did MyFundedFX offer?
$5K, $10K, $25K, $50K, $100K, $200K, and $300K standard tiers across the 1-Step, 2-Step, and 3-Step plans. The maximum single-account simulated capital was $300K; via the scaling program, aggregate funded capital could grow toward roughly $600K. The $400K / $1M-$1.5M figures circulated on older third-party pages were inaccurate by the firm's final pricing pages.
How much did a MyFundedFX $10K account cost?
$50-$100 typical with promo codes. Cheapest entry point. 1-Step priciest, 3-Step cheapest within that band.
How much did a MyFundedFX $25K account cost?
$150-$200 typical with discount. Mid-range size, popular for newer traders.
How much did a MyFundedFX $50K account cost?
$250-$350 typical with discount. The "sweet spot" account for many traders — enough capital to matter, modest enough to risk on a challenge.
How much did a MyFundedFX $100K account cost?
$450-$550 typical with discount on 1-Step and 2-Step. The most-bought tier across the prop firm industry.
How much did a MyFundedFX $200K account cost?
$900-$1,200 with discount. Large but not maximum.
How much did a MyFundedFX $300K account cost?
Approximately $1,500-$2,000 with discount on the 1-Step / 2-Step lineup. $300K was the maximum single-account size; traders chasing more simulated capital combined multiple $300K accounts (subject to the per-trader cap) and then leaned on the scaling program.
Could you combine multiple MyFundedFX accounts?
Yes — same plan-type and same-size accounts could be merged subject to approval. The single-account cap was $300K and the firm's aggregate funded-capital ceiling scaled toward roughly $600K via the scaling program.
Were challenge fees refundable on first payout?
Some plans offered the eval fee as a refund on first payout (built into the rebate structure). Not all plans had this — verify per the historical pricing page archive (e.g., Wayback Machine snapshots of myfundedfx.com from 2023-2024).
Were there any monthly fees on funded MyFundedFX accounts?
No monthly fees on funded. The challenge fee was one-time. Some platform-side fees (e.g., commission $3-6 per standard lot) were embedded in execution.
Profit Targets, Drawdown & Daily Loss 12 answers
What was the profit target on MyFundedFX 1-Step?
10% on the single phase. Hit it without breaching 4% daily or 6% trailing drawdown to graduate to Live Simulated funding.
What was the profit target on MyFundedFX 2-Step phase 1 / phase 2?
Phase 1: 8% target. Phase 2: 5% target. 2-Step Max variant: 10% then 5%.
What was the profit target on MyFundedFX 3-Step?
6% per phase × 3 phases. Cumulative ~18% across the eval — the gentlest per-phase target in the lineup.
Was there a profit target on the funded (Live Simulated) phase?
No fixed profit target — but you had to wait at least 7 calendar days from your first position before requesting a payout, and you had to maintain consistency-rule compliance (50% max-day cap).
What was the maximum drawdown on MyFundedFX 1-Step?
6% — trailing from your highest simulated balance. Tightest drawdown in the lineup. Hit 6% below peak equity at any point and the account failed.
What was the maximum drawdown on MyFundedFX 2-Step?
8% trailing on standard 2-Step. 10% on phase 1 of 2-Step Max, falling to 8% on phase 2. Looser than 1-Step.
What was the maximum drawdown on MyFundedFX 3-Step?
8% trailing — same as 2-Step. The 3-Step's gentler per-phase profit target made the 8% drawdown more usable.
Was MyFundedFX drawdown trailing or static?
Trailing during the evaluation phases — pegged to highest simulated balance, not original starting balance. Standard for forex props. The drawdown threshold moved up with profitability but did not retreat on losses.
Was MyFundedFX drawdown equity-based or balance-based?
Equity-based — unrealized P&L counted against the limit. A floating loss could trigger a drawdown breach even if the trade later recovered. Equity-based is harder than balance-based for swing strategies.
What was the daily loss limit on MyFundedFX?
4% on 1-Step and 3-Step. 5% on standard 2-Step. 5%→4% on 2-Step Max across phases. Same DLL applied in Live Simulated phase as in evaluation.
When did the MyFundedFX daily loss reset?
Forex platform server time — typically GMT+2 / GMT+3 (broker-dependent) which corresponds to roughly 5 PM ET. Drawdown calculation reset at the daily server rollover.
Was a stop loss required on every MyFundedFX trade?
Not strictly mandatory in the rules, but practically required to manage the 4-5% daily loss cap. Risking 1% per trade let you take 4-5 stops before breach. The "all-or-nothing" approach (3-5% per trade) was strongly discouraged and frequently caused account failures.
Consistency Rule & Minimum Days 8 answers
What was the MyFundedFX consistency rule?
No single trading day's profit could exceed 50% of total cumulative profit at the time of payout request. Worked example: $1,000 cumulative profit means your best day cannot have made more than $500. Looser than FundedNext's 15% consistency, stricter than free-form prop firms.
When did the MyFundedFX consistency rule apply?
Live Simulated (funded) phase only. Evaluation phases did not enforce consistency. The rule was checked at payout request time, not continuously.
What happened if you violated MyFundedFX consistency?
Payout request denied. Account remained alive. You had to add more profitable days to dilute the percentage of your "big day" relative to total profit, then re-request the payout.
How many minimum trading days did MyFundedFX require?
3 minimum profitable days per evaluation phase on 1-Step and 2-Step. 1 minimum profitable day per phase on 3-Step. Live Simulated phase required 7 calendar days from first position before any payout request.
What counted as a "trading day" on MyFundedFX?
A day with at least one trade closed. "Profitable day" required at least one closed trade in net profit. Empty days didn't count.
Were there minimum trading days for funded payouts?
7 calendar days from your first position on the Live Simulated account before the first payout could be requested. Subsequent payouts followed bi-weekly (every 14 days) cycles.
Did MyFundedFX have a "trade duration" rule?
On the Live Simulated phase, trades had to remain open at least 2 minutes, and at least 50% of profits had to come from trades held over 5 minutes. This penalized sub-2-minute scalpers and rewarded swing/intraday styles.
Could one round-trip count as a "trading day"?
Yes — one closed round-trip with any positive P&L counted. "Token trades" with negligible volume were sometimes flagged as gaming the rule, but a real one-trade profitable day generally satisfied the count.
Payouts, Profit Splits & Scaling 12 answers
What was the MyFundedFX profit split?
80% baseline that scaled up the standard performance ladder to 90%, and an effective 92.75% on the top performance tier — this was the documented standard funded-account ladder, NOT a VIP/promo-only add-on. Some marketing materials advertised "100% on first $10K, 90% thereafter" — that applied to specific promotional plans only.
Could you really get a 90% profit split with MyFundedFX?
Yes — 90% sat on the standard funded-account performance ladder (80% → 90%, with 92.75% reachable on the top tier). It was NOT a paid-add-on-only VIP unlock. A separate paid "add-on" route at challenge purchase did exist on some plans for traders who wanted 90% immediately, but the ladder also got you there organically through consistent payouts.
What was the MyFundedFX payout cycle?
Bi-weekly (every 14 days) standard. The first payout required 7+ calendar days since first position. Subsequent payouts ran on a 14-day cadence. No on-demand option in the standard plans.
What was the minimum MyFundedFX withdrawal?
$65 minimum for the standard payout request. Below that threshold the request was held for the next cycle.
How long did MyFundedFX payouts take to process?
12-72 hours typical. Crypto withdrawals were the fastest (often hours). Bank wire took 1-3 business days. Same-day processing was common during peaks of operational health (2023-2024); processing slowed visibly in late 2025 ahead of the closure.
What payout methods did MyFundedFX support?
Cryptocurrency primarily — Ethereum, USDT and USDC on the ERC-20 network. Bank wire was secondary. International traders heavily favored USDT for speed. Wise was not a standard payout option. Post-rebrand (2025), the Seacrest Markets dashboard added some additional rails.
Did MyFundedFX pay via crypto?
Yes — USDT and USDC on ERC-20 were the primary methods. Network gas fees applied. ETH itself sometimes accepted. The ERC-20 dependency meant high gas during Ethereum congestion, which annoyed some traders versus competitors using TRC-20 (cheaper).
Were there fees on MyFundedFX payouts?
No MyFundedFX-side fees. Crypto network gas (Ethereum ERC-20) varied with congestion. Bank wire fees applied at the bank level. FX conversion if currencies mismatched.
Did MyFundedFX have a scaling plan?
Yes — 25% account balance increase every 3 months (90 days), conditional on at least 12% cumulative simulated profit during the period and the account remaining at or above starting balance. Maximum aggregate funded capital ceiling: roughly $600K (NOT the $1.5M figure that circulated on outdated third-party pages). Industry-standard scaling structure for forex props.
What was the maximum MyFundedFX scaling cap?
Roughly $600K aggregate funded capital — that was the documented ceiling once the scaling program lifted a trader's combined accounts. The $1.5M / $2M figures that appeared on some older third-party review pages were inaccurate; treat $600K as the realistic cap.
Could you accumulate $300K in starting MyFundedFX capital?
Yes — $300K was the maximum single-account size; traders combined multiple accounts up to the per-trader cap. Then via the scaling program, aggregate funded capital could grow toward roughly $600K.
Did MyFundedFX deny any payouts?
Yes — common denial reasons were consistency rule violations, KYC failure, news-trading-on-restricted-account, hedging across accounts, and prohibited strategies (latency arb, tick scalping). Trustpilot showed payout disputes were a minority. The 2025-2026 closure period saw a sharp uptick in unresolved payout requests.
News, Hedging, Weekend & HFT Rules 12 answers
Could you trade news on MyFundedFX?
Allowed on Challenge (evaluation) accounts. Restricted on Live Simulated funded accounts. The forex side enforced a 3-minute window before/after high-impact news on Live Simulated — trades opened or closed inside that window did not count toward qualification. Banned outright on some funded variants.
What was the news window on MyFundedFX?
3 minutes before and 3 minutes after high-impact economic releases on Live Simulated. NFP, FOMC, CPI, ECB, BOE were the standard tier-1 events. Trades inside the window were excluded from profit calculations.
Were news trades on Challenge accounts allowed without penalty?
Yes during evaluation. The 3-minute exclusion only applied to Live Simulated qualification. Many traders used the looser eval rules to push past targets and then dialed back risk on the funded side.
Could you hold trades over the weekend on MyFundedFX?
Generally yes on the forex/CFD side — there was no firm-wide weekend hold ban. Standard forex swap fees applied (3x swap on Wednesday close). Some plans restricted weekend holds for specific instruments (crypto CFDs sometimes flagged). Verify per plan.
Did MyFundedFX charge swap fees?
Yes — standard forex swap fees on overnight holds, with the typical 3x charge on Wednesday close to cover the weekend. Built into the platform's daily rollover. Swap-free / Islamic accounts may have been available — verify historical pricing.
Could you hedge within one MyFundedFX account?
Yes — same-account hedging (long and short on the same instrument simultaneously) was allowed. MT5 hedging-mode accounts and Match-Trader supported it natively.
Could you hedge across multiple MyFundedFX accounts?
No. Cross-account hedging (long on one account, short on another) was strictly prohibited. Industry standard. Detection used position correlation analysis. Violations triggered immediate disqualification.
Was high-frequency trading allowed?
No. Trades on Live Simulated had to remain open at least 2 minutes. The 50%-of-profits-from-5-minute-plus-trades rule prevented sub-second HFT. Tick-scalping, latency arbitrage, and reverse arbitrage were explicitly banned across all phases.
Was scalping allowed on MyFundedFX?
Scalping at the 2-minutes-or-longer level was allowed. Anything sub-2-minute on Live Simulated was excluded from profit calculations. The 50% rule (half of profits from 5+ minute holds) further pushed traders toward intraday/swing styles.
Were latency arbitrage and reverse arbitrage banned?
Yes — explicitly banned. Detection systems were reliable on the Match-Trader/cTrader stack. Bans were immediate and accounts disqualified without refund.
Was grid / martingale trading allowed?
Allowed in principle but practically limited by the tight daily loss caps (4-5%). A martingale that doubled positions on losses would breach DLL fast. Grid strategies that didn't violate consistency could pass eval but often struggled on Live Simulated.
Was account-to-account copy trading allowed within MyFundedFX?
Same-direction copy across YOUR own accounts was generally allowed. Cross-trader copying (signal services, copying another person's account) was banned. Detection on shared IP addresses, identical fills, and timestamp correlation.
EAs, Copy Trading & PMT Automation 14 answers
Did MyFundedFX allow Expert Advisors (EAs)?
Limited. The historical position was: most account types did NOT permit automated systems unless explicitly allowed. EAs on MT5 were generally restricted except via the firm-approved Social Trader Tools (STT) integration. Match-Trader and cTrader had different permissibility — verify per platform.
Were commercial EAs banned on MyFundedFX?
Yes — commercial / publicly-sold EAs were banned because they create correlated risk across many funded accounts simultaneously (toxic flow). Personal EAs were the gray area, sometimes allowed via the STT integration.
What was Social Trader Tools (STT) on MyFundedFX?
A third-party copy trading and EA management platform that MyFundedFX whitelisted as the approved channel for automated strategies. Traders ran their personal EA through STT to satisfy the "approved automation" requirement.
Did MyFundedFX allow TradingView automation?
Native TradingView native panel was not the default execution path on Match-Trader / DXTrade. cTrader had TradingView integration. TradingView webhook automation (Pine Script alerts → broker) was technically possible via bridge platforms but had to comply with the 2-minute trade duration rule and avoid HFT-flagged behavior.
Could you connect MyFundedFX to PickMyTrade for automation?
MyFundedFX is closed and cannot be connected anymore. While operating, MyFundedFX never used TradeLocker — its primary stack was Match-Trader, DXTrade, and later cTrader/MT5. PMT's TradeLocker bridge did not directly cover MyFundedFX. Traders who wanted webhook automation typically routed through STT or third-party EA bridges.
Does PickMyTrade work with the SeacrestFunded successor brand?
There is no SeacrestFunded prop firm to connect to anymore — Seacrest Markets shut prop trading on Feb 6, 2026 and operates only as a CFD broker now. PMT does not currently integrate with the Seacrest Markets retail brokerage as a webhook target.
Where do former MyFundedFX traders automate their forex strategies now?
PickMyTrade supports forex prop firm automation via the TradeLocker and Match-Trader bridges. Best paths: (1) FundedNext via TradeLocker → PMT, (2) FundingPips on TradeLocker/Match-Trader → PMT, (3) any TradeLocker-issuing forex prop firm → PMT. The TradeLocker bridge gives PMT-style TradingView webhook automation that MyFundedFX never offered natively.
Could you copy trade between two MyFundedFX accounts?
Same-direction copy across YOUR own accounts was generally allowed (subject to no cross-account hedging). The approved tool was Social Trader Tools (STT). Cross-trader copying or signal services were banned.
Were signal services and rented EAs allowed?
No. Rented signals, paid signal services, copying from another trader's account, and rented commercial EAs were all banned. The risk was correlated drawdown across many funded accounts simultaneously.
Could you run a TradingView webhook bot on MyFundedFX?
Technically yes via approved automation channels (STT, cTrader cBots, or platform-permitted EAs). Unsanctioned webhook bridges were a gray area — many traders ran them, but disqualifications occurred for prohibited strategies (sub-2-minute trades, copy trading, commercial EAs). PMT was not directly integrated.
Was using a VPS allowed?
Yes — VPS use for running MT5/cTrader/Match-Trader 24/7 was standard practice. No restrictions on VPS providers. Common practice: ForexVPS, Beeks, NYC Servers near broker servers.
Did using third-party tools void payouts?
Only if they violated the rules — banned tools were signal services, rented commercial EAs, latency arb scripts, and cross-account copy systems. Approved tools (STT, MT5 personal EAs in some plans, cTrader cBots) did not void payouts.
If I want PMT-style TradingView automation now, what's the equivalent?
For forex: pick a prop firm that issues TradeLocker or Match-Trader accounts (FundedNext, FundingPips, FXIFY, etc.) and connect through PMT. For futures: use MyFundedFutures (MFFU) with Tradovate via PMT — same founder as MyFundedFX, fully PMT-supported. Flat $50/month covers all your accounts.
Could MyFundedFX detect that I was using automation?
Yes — broker logs include order origination metadata (manual, EA, copy trade source). The firm could see EA tags, IP correlation across accounts, and identical-fill timestamps. Detection on commercial EAs and signal copying was reliable. The risk-reward of running unapproved automation was rarely worth it.
Platforms: MT5, Match-Trader, cTrader, TradeLocker 10 answers
What platforms did MyFundedFX support?
Primarily Match-Trader and DXTrade for most of its run. cTrader was added in March 2024 (powered by Purple Trading SC). MT5 was offered intermittently — pulled and reintroduced multiple times due to the 2023-2024 MetaQuotes prop-firm crackdown. TradeLocker was never standard on MyFundedFX, despite the platform being popular elsewhere.
Did MyFundedFX support MetaTrader 4 (MT4)?
No — MyFundedFX did not list MT4 as a primary platform. The firm started in 2022 already pivoted toward MT5/Match-Trader/DXTrade as MetaQuotes was tightening prop firm licensing.
Did MyFundedFX support MetaTrader 5 (MT5)?
Intermittently. MT5 was offered in 2023, pulled during the MetaQuotes crackdown, and partially reintroduced via the Seacrest Markets broker partnership in 2025. EA usage on MT5 was limited unless via the STT integration.
Did MyFundedFX support cTrader?
Yes — cTrader was launched on MyFundedFX in March 2024, powered by Purple Trading SC as the technology provider. cTrader supported cBots (cTrader's automation language) and had decent TradingView integration. Was popular with algo traders during 2024-2025.
Did MyFundedFX support Match-Trader?
Yes — Match-Trader was the primary platform throughout most of MyFundedFX's run. Hedging-friendly, web-based, integrated reporting. Supported via Match-Trade Technologies' technology stack.
Did MyFundedFX support TradeLocker?
No — TradeLocker was never adopted on MyFundedFX. The firm chose Match-Trader, DXTrade, and cTrader instead. Traders who wanted TradeLocker (better TradingView native integration, modern UX) went to FundedNext, FundingPips, or FXIFY.
Did MyFundedFX support DXTrade?
Yes — DXTrade was offered as an alternative to MT5/Match-Trader for parts of its run. DXTrade is a Devexperts platform popular with prop firms during the MetaQuotes restriction period.
What instruments could you trade on MyFundedFX?
175+ instruments: forex pairs (majors, minors, exotics), index CFDs (US30, NAS100, SPX500, DAX, UK100), metals (gold, silver), energy (WTI, Brent, NatGas), crypto CFDs (BTC, ETH, plus alts).
What leverage did MyFundedFX offer?
100:1 on forex/commodities standard. 50:1 → 30:1 on 2-Step Max across phases. 30:1 on 3-Step. 1:10 on metals/indices/oils. 1:2 on crypto. Reduced after broker license consideration in 2025: 1:30 forex, 1:10 metals/indices, 1:2 crypto.
Were commissions charged on MyFundedFX?
Yes on forex and commodities — $3-6 per standard lot. Indices and crypto CFDs were commission-free (spread-only). Standard prop firm pricing model.
KYC, Refunds, Resets & Tax 10 answers
Did MyFundedFX require KYC verification?
Yes — KYC required after passing evaluation phases or before first payout. Government-issued photo ID, live selfie or video, and proof of address (utility bill less than 3 months old). Only one KYC profile allowed per individual to prevent multi-account abuse.
When did MyFundedFX KYC happen?
Most commonly at the funded-account activation step or at the first payout request. Some plans front-loaded KYC at challenge purchase. Delayed KYC was the most common cause of payout disputes in 2024-2025.
Could you reset a failed MyFundedFX account?
Yes — paid resets were available, typically priced at 10-20% of the original challenge fee. Resets restored the account to starting balance with the same drawdown rules. Funded accounts could not be reset; they had to start fresh.
Were MyFundedFX challenge fees refundable?
Some plans refunded the challenge fee on first payout. Outside that benefit, refunds were limited (typically a 7-day cooldown if no trades had been placed). Post-fail, no fee refund. The Feb 2026 closure offered refunds on unbreached challenges only.
What disqualification reasons were most common?
Drawdown breach (most common), daily loss breach, news trading on Live Simulated, sub-2-minute scalping rule violations, cross-account hedging, signal-service trading, latency arb, and KYC mismatch. Standard prop firm disqualification stack.
Did MyFundedFX issue 1099 tax forms to US traders?
Yes — MyFundedFX was Dallas, Texas-based and historically issued 1099 forms for US-based payouts above the IRS threshold (historically $600, but the threshold was modified for the 2026 tax year under recent legislative updates — verify the current dollar floor with the IRS or a CPA). Many CPAs classified prop firm payouts as 1099-MISC Box 3 "other income" rather than 1099-NEC. Post-2025 rebrand and US restriction, issuance likely scaled back. Verify with your records and a CPA.
How were MyFundedFX profits taxed in the US?
Treatment varies. Many CPAs classify prop firm payouts as 1099-MISC Box 3 "other income" (NOT automatically self-employment), which is ordinary income but does NOT default to the 15.3% SE tax. Other CPAs treat it as Schedule C contractor income (in which case SE tax applies). Position depends on facts and circumstances; deduct legitimate trading-related expenses. Talk to a CPA — prop firm payouts are NOT capital gains and the SE-tax question is not settled by default.
How were MyFundedFX profits taxed in the UK / EU / India?
UK: HMRC self-employment income (Self Assessment). EU: per-country trading/professional income. India: business income under ITR-3, GST may apply above thresholds. Always consult a local tax professional — especially for the 2026 closure-year tax filing where final balances need careful documentation.
Could you have multiple MyFundedFX accounts under one identity?
Yes — multiple accounts allowed up to the per-trader cap. KYC was once-per-person, so all accounts were linked to a single verified identity. Multi-identity gaming was banned and detection focused on shared payment methods, IP, and biometrics.
Could you transfer a MyFundedFX account to someone else?
No — accounts were strictly non-transferable. KYC binds the account to one verified individual. Selling or assigning accounts violated the funded trader agreement and triggered immediate disqualification.
Comparisons, Migration & Misc 28 answers
MyFundedFX vs MyFundedFutures (MFFU) — what's the difference?
MyFundedFX = forex/CFD prop firm on Match-Trader/MT5/cTrader, founded June 2022, closed Feb 2026. MyFundedFutures (MFFU) = futures-only prop firm running on NinjaTrader, Tradovate, TradingView, Quantower, Volsys, Volumetrica, and ATAS, founded June 2023, still operating. Same founder (Matthew Leech) but separate companies with separate finances and separate trader bases. The most important fact: MFFU is unaffected by the MyFundedFX closure.
MyFundedFX vs FTMO — for forex traders
FTMO is Prague-based, founded in 2014 by Otakar Suffner and Marek Trcka, and has the longest operating track record of the major forex props — it survived the 2024-2026 industry shakeout that closed MyFundedFX. FTMO offers a 90% split on MT5/cTrader/DXTrade. Stricter consistency rules but a strong long-running payout history. FTMO is the safest legacy choice now that MyFundedFX is closed.
MyFundedFX vs FundedNext — for forex traders
FundedNext is the largest active forex prop firm in 2026 with 30K+ Trustpilot reviews. UAE-based, with cumulative trader payouts of $200M+ (the older $158M figure was a mid-2024 snapshot). MT4/MT5/cTrader/TradeLocker support. 90% standard split, with 95% reachable via specific Stellar Lite competitions and named promos — not as a default ceiling. Express (1-step) and Stellar (2-step) plans loosely mirror MyFundedFX's structure. The natural migration target for former MyFundedFX traders.
MyFundedFX vs FundingPips — for forex traders
FundingPips offers up to 100% split (vs MyFundedFX's 80-90%) and supports MT5/cTrader/Match-Trader. Newer firm (~2021-2022 founding) with tighter pricing and bi-weekly payouts. Aggressive product variety including instant-funded options. Strong choice for cost-conscious migrants.
MyFundedFX vs FXIFY — for forex traders
FXIFY offers bi-weekly payouts plus on-demand first payout — the on-demand option is unusual in forex props. Multi-platform (MT4/MT5/cTrader/TradeLocker/DXTrade). 1-step, 2-step, and 3-step structures match the MyFundedFX lineup almost exactly. Active and well-reviewed in 2026.
MyFundedFX vs The5%ers — for 1-step traders
The5%ers pioneered the 1-step model in forex props (founded 2016). Brand maturity advantage. MyFundedFX's 1-Step plan was a direct competitor. With MyFundedFX closed, The5%ers is one of the dominant 1-step options among legacy firms.
MyFundedFX vs E8 Markets — for forex traders
E8 Markets (rebranded from E8 Funding) offers tight spreads, 80% split base, and competitive pricing. Active in 2026. A smaller-but-stable option for traders migrating from MyFundedFX who don't want the FundedNext/FTMO scale.
MyFundedFX vs Goat Funded Trader
Goat Funded Trader is newer, EA-friendly, and offers up to 95% split on certain plans. MT4/MT5/cTrader. Active in 2026. More flexible automation rules than MyFundedFX historically had.
MyFundedFX vs Funded Trading Plus
UK-based forex prop with 1-step and 2-step plans. Lower per-trader caps than MyFundedFX's $300K single-account ceiling. Reasonable alternative for UK-based migrants.
MyFundedFX vs Maven Trading
Maven Trading offers MT5 and TradeLocker. Up to 90% split. Reasonable mid-tier option. Active in 2026.
MyFundedFX vs Blueberry Funded
Blueberry Funded actively positions itself as a Seacrest Markets alternative. 1-step and 2-step plans. Multi-platform support. Active in 2026 and capturing migrating MyFundedFX traders.
MyFundedFX vs Apex Trader Funding
Apex is futures-only; MyFundedFX was forex/CFD. Different asset classes — not a direct comparison. For futures-focused ex-MyFundedFX traders, Apex (or MFFU, Topstep, Tradeify) is the equivalent firm in the futures world.
MyFundedFX vs Topstep
Topstep is futures-only and Chicago-based, founded in 2010 by Michael Patak — the longest-running futures prop firm in the US. MyFundedFX was forex. Different products. Topstep is a solid destination for ex-MyFundedFX traders pivoting to futures.
Should I migrate to a 1-step or 2-step plan after MyFundedFX?
Pick what worked for you on MyFundedFX. If 1-Step's tight 4% DLL and 6% drawdown felt good, go FundedNext Express or The5%ers Hyper. If 2-Step's looser 8% drawdown was your zone, go FTMO 2-Step or FundedNext Stellar. The risk profiles map directly across firms.
What's the safest forex prop firm in 2026?
FTMO (founded 2014 in Prague, ~11 years operating, no major payout scandals, 4.8/5 Trustpilot across thousands of reviews). Second tier: FundedNext (30K+ Trustpilot reviews, $200M+ cumulative trader payouts). Avoid firms less than 2 years old or without sustained third-party review history.
How can I avoid getting caught in another prop firm closure?
Five rules from the 2024-2026 shakeout: (1) Pick firms with 2+ years operating history, (2) Withdraw profits immediately when eligible — don't accumulate, (3) Diversify across 2-3 firms, (4) Monitor Trustpilot/trader forums for early warning signs (slow support, payout delays, rule changes), (5) Keep funded capital concentrated in established names like FTMO and FundedNext.
Are 1-step plans still popular in 2026?
Yes — 1-step plans are now the most-bought structure in forex props. FundedNext Express, The5%ers Hyper, FundingPips Pro, and others all run 1-step. The single-phase model that MyFundedFX popularized continues to dominate.
Did MyFundedFX have a Discord community?
Yes — official Discord plus an active third-party community on prop firm forums, forex forums, and ProTradingVibes. Trader forums were the most active discussion venues. The Discord shut down with the firm in February 2026.
Did MyFundedFX run Black Friday and seasonal sales?
Yes — annual Black Friday / Cyber Monday discounts ran 30-50% off across the lineup. Seasonal mid-year sales also recurring. Affiliate codes typically stacked another 10-15%.
Did MyFundedFX have an affiliate program?
Yes — active affiliate program with tiered commission rates. YouTube influencers in the prop firm space were a major referral channel. The program ended with the closure.
Could you trade MyFundedFX on mobile?
Yes — Match-Trader had iOS/Android apps. cTrader has well-regarded mobile apps. MT5 mobile app worked when MT5 was offered. DXTrade web platform was mobile-responsive.
Where can I see MyFundedFX payout proof now?
Trustpilot reviews (roughly 1,100-1,200 historical), trader-forum archives (prop firm forums and forex forums), ProTradingVibes case studies, and BestPropFirms historical pages. The official MyFundedFX payout-proof page is offline post-closure. Wayback Machine snapshots preserve some.
What was MyFundedFX's Trustpilot rating?
Peaked around 4.3/5 across roughly 1,100-1,200 reviews during the operating years (some third-party trackers logged the figure as high as 4.7 at peaks). The post-closure review wave mostly complained about delayed or missing payouts and dropped the long-run average.
Did MyFundedFX get featured on prop firm review sites?
Yes — extensive coverage on PropFirmMatch, ProTradingVibes, BestPropFirms, PropFirmScan, TradersUnion, FXVerify, and TradingFinder. Most pages have been updated to flag the closure status.
Was MyFundedFX EU-regulated?
No — MyFundedFX itself was not regulated by ESMA, FCA, or any EU authority. It operated as a US-based prop firm under standard contractor model. The post-2025 Seacrest Markets affiliated broker was licensed in South Africa (FSCA).
Was MyFundedFX FCA / CFTC / ASIC regulated?
No. None of the major retail forex prop firms (FTMO, FundedNext, MyFundedFX, MFFU, FundingPips) hold FCA/CFTC/ASIC broker licenses. They're contractor-model tech firms. Standard for the industry.
What lessons did the MyFundedFX closure teach the industry?
Three takeaways: (1) Even mid-size, well-reviewed firms can close suddenly when business models pivot to broker-licensed structures, (2) Withdraw eligible profits immediately rather than accumulating in funded accounts, (3) Diversify across multiple firms — don't concentrate. The MyFundedFX → Seacrest → closure path is now the cautionary template for prop firm risk.
What account size should I pick when migrating from MyFundedFX?
Match what worked for you. If you traded $50K-$100K MyFundedFX accounts comfortably, the equivalent FundedNext Stellar $50K-$100K, FTMO $50K-$100K, or FundingPips $50K-$100K plans will feel native. Avoid jumping to $200K-$300K on a new firm before validating one full payout cycle on the smaller size. Use the Black Friday / Cyber Monday discount window to reduce migration cost.
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Disclaimer
This FAQ is for informational and educational purposes only and is not financial, legal, or tax advice. MyFundedFX rule references are compiled from myfundedfx.com archive snapshots, intercom.help/myfundedfx, financemagnates.com coverage, fxnewsgroup.com, the Seacrest Markets closure announcement, traders' discussions in trader forums (prop firm forums, forex forums), Trustpilot reviews (~1,100-1,200), TradersUnion, ProTradingVibes, BestPropFirms, PropFirmScan, and TradingFinder. As MyFundedFX is no longer operating, all rule references in this FAQ are historical and reflect the firm's structure during its 2022-2026 operating window. Account-size, scaling-cap, profit-split-ladder, Trustpilot, MFFU founding-date, MFFU platform list, FundedNext payout total, FTMO founding-date, Topstep founding-date, and US 1099 threshold details were corrected in May 2026.
MyFundedFX vs MyFundedFutures (MFFU): These are separate companies sharing only a founder (Matthew Leech). MyFundedFX (forex/CFD) closed Feb 2026. MyFundedFutures (MFFU, futures-only) continues operating in 2026 and is unaffected.
Closure timeline: MyFundedFX founded June 2022 → rebranded to SeacrestFunded February 11, 2025 → US restriction added at rebrand → brands merged October 2025 → all prop trading closed February 6, 2026 → refund and final payout window through February 28, 2026 → Seacrest Markets continues only as a CFD broker. Some traders reported unresolved final payouts post-closure; refund/payout outcomes varied by account status.
Recent 2024-2026 changes that this FAQ documents: cTrader launch (March 2024), MetaQuotes prop firm crackdown affecting MT5 availability (2024), SeacrestFunded rebrand (Feb 2025), broker-backed model transition, US customer restriction (Feb 2025), full prop closure (Feb 2026). The MyFundedFX → Seacrest path was one of the most-watched prop firm pivots of the 2024-2026 industry shakeout.
PickMyTrade is an automation bridge connecting TradingView to brokers and prop firms. PickMyTrade is not a broker, not a prop firm, and was not affiliated with MyFundedFX, SeacrestFunded, or Seacrest Markets. PMT does not hold customer funds, does not place trades without your alert, and does not guarantee trade outcomes. PMT did not natively integrate with MyFundedFX during its operating window because MyFundedFX did not adopt TradeLocker.
Past performance does not predict future results. Prop firm trading carries a real risk of loss including the loss of evaluation fees and any unwithdrawn funded balance in the event of firm closure. The MyFundedFX closure is a documented case of this risk materializing. Consult a licensed financial advisor and a tax professional before trading.
"MyFundedFX," "SeacrestFunded," "Seacrest Markets," "MyFundedFutures," "MFFU," "FTMO," "FundedNext," "FundingPips," "FXIFY," "The5%ers," "MetaTrader," "MT4," "MT5," "cTrader," "TradeLocker," "Match-Trader," "DXTrade," "TradingView," "Pine Script," "PickMyTrade" are trademarks of their respective owners. Subreddit names are independent communities not affiliated with any prop firm or PickMyTrade.
Last updated: May 2026.