MyFlashFunding Review (23% discount code: FOREXPROPREVIEWS)
4.8

MyFlashFunding Review (23% discount code: FOREXPROPREVIEWS)

MyFlashFunding has a mission to assist proficient and seasoned traders in unleashing their full potential and obtaining a funded account while working with them and earning 80% profit splits. They have recognized that succeeding in the financial market necessitates having sufficient capital and a well-developed trading strategy.
Home » MyFlashFunding Review (23% discount code: FOREXPROPREVIEWS)
Pros
  • Excellent Trustpilot Rating of 4.7/5
  • Two Unique Funding Programs
  • Professional Trader Dashboard
  • A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
  • Leverage up to 1:100
  • No Maximum Trading Period
  • No Minimum Trading Day Requirements
  • Scaling Plan
  • First Payout After 14 Days
  • Bi-weekly Payouts
  • Weekly Payouts After First Payout
  • Profit Share of 80%
  • Overnight & Weekend Holding Allowed
  • News Trading Allowed
  • No Commission Fees on Oils, Indices & Cryptocurrencies
Cons
  • Maximum Daily Equity-based Drawdown
  • Trailing Drawdown on One-step Evaluation
  • Initial Maximum Drawdown of 8% on Two-step Evaluation

MyFlashFunding’s mission is to assist proficient and seasoned traders in unleashing their full potential and obtaining a funded account with them. They have recognized that succeeding in the financial market necessitates having sufficient capital and a well-developed trading strategy. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive 80% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Who are MyFlashFunding?

MyFlashFunding is a proprietary trading firm with the legal name MyFlashFunding LLC that was incorporated on the 27th of April, 2023. They are located in Missouri, United States, and are being managed by CEO Blake Carter. MyFlashFunding provides traders with the opportunity to choose between two account types, a one-step evaluation, and a two-step evaluation, while being partnered with ThinkMarkets as their broker.

MyFlashFunding’s headquarters are located at 401 Pine Street, Saint Louis, MO 63102.

Who is the CEO of MyFlashFunding?

Blake Carter is the CEO of MyFlashFunding. He successfully passed his first funded account back in 2020, which sparked an interest in him and motivated him to gain extensive knowledge of prop firms, gaining insights into the good, bad, and challenging aspects of the industry. Leveraging this experience, Blake established MyFlashFunding, a company that offers traders an unparalleled opportunity to swiftly secure funding with minimal constraints.

Blake is deeply dedicated to transparency and delivering value. He is committed to steering away from superficial conversations and making a positive impact on everyone he interacts with. This commitment is evident in the culture he has cultivated at MyFlashFunding, which includes a robust feedback channel, bi-weekly CEO calls, guest speakers, and other initiatives designed to enhance the traders’ well-being under his guidance.

Anyone interested in following Blake Carter can do so by following his Twitter account.

Video Review

Funding Program Options

MyFlashFunding provides its traders with two unique funding program options:

  • Two-step Evaluation
  • One-step Evaluation

Two-step Evaluation

MyFlashFunding’s Two-step Evaluation provides traders the opportunity to manage account sizes ranging from $10,000 up to $200,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-step Evaluation allows you to trade with up to 1:100 leverage.

Account SizePrice
$10,000$97
$25,000$187
$50,000$297
$100,000$497
$200,000$977

Evaluation phase one requires a trader to reach a profit target of 6% while not surpassing their 4% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to phase two, you are only required to reach the 6% profit target without breaching the maximum daily or maximum loss limit rules.

Evaluation phase two requires a trader to reach a profit target of 6% while not surpassing their 4% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase two. To proceed to funded status, you are only required to reach the 6% profit target without breaching the maximum daily or maximum loss limit rules.

By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 4% maximum daily loss and 8% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 80% based on the profit you make on your funded account.

Two-step Evaluation Scaling Plan

The Two-step Evaluation also has a scaling plan. If a trader is profitable in the last three months with an average return of 12% over the three-month period, then you will become eligible for an account size increase equal to 30% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $130,000.

After the Next 3 Months: A qualified $130,000 account increases to $160,000.

After the Next 3 Months: A qualified $160,000 account increases to $190,000.

And so on…

Two-step Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 6%, whereas Phase 2 requires reaching a profit target of 6%. Funded accounts do not have any specified profit targets.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 4%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 8%.

One-step Evaluation

MyFlashFunding’s One-step Evaluation provides traders with the opportunity to manage account sizes ranging from $10,000 up to $200,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The One-step Evaluation allows you to trade with leverage up to 1:50.

Account SizePrice
$10,000$107
$25,000$207
$50,000$307
$100,000$507
$200,000$1,007

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 6% maximum trailing loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to funded status, you are only required to reach the 10% profit target without breaching the maximum daily or maximum loss limit rules.

By completing the evaluation phase, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 4% maximum daily loss and 6% maximum trailing loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted bi-weekly. Your profit split will be 80% based on the profit you make on your funded account.

One-step Evaluation Scaling Plan

The One-step Evaluation also has a scaling plan. If a trader is profitable in the last three months with an average return of 12% over the three-month period, then you will become eligible for an account size increase equal to 30% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $130,000.

After the Next 3 Months: A qualified $130,000 account increases to $160,000.

After the Next 3 Months: A qualified $160,000 account increases to $190,000.

And so on…

One-step Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 4%.
  • Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6%.

What Makes MyFlashFunding Different From Other Prop Firms?

MyFlashFunding differs from most industry-leading prop firms due to offering two unique account types: a two-step evaluation and a one-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 14 calendar days, and bi-weekly future payouts.

MyFlashFunding’s Two-step Evaluation is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 6% in both evaluation phases, with a 4% maximum daily and 8% maximum loss rules. You also have no minimum or maximum trading day requirements during both evaluation phases. The Two-step Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Two-step Evaluation stands out mainly for having an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 14 calendar days, and bi-weekly future payouts.

Example of comparison between MyFlashFunding & Funding Pips

Trading ObjectivesMyFlashFundingFunding Pips
Phase 1 Profit Target6%8%
Phase 2 Profit Target6%5%
Maximum Daily Loss4%5% (Scaleable up to 7%)
Maximum Loss8%10% (Scaleable up to 14%)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80%80% up to 90%

Example of comparison between MyFlashFunding & True Forex Funds

Trading ObjectivesMyFlashFundingTrue Forex Funds (Quick Funding)
Phase 1 Profit Target6%8%
Phase 2 Profit Target6%5%
Maximum Daily Loss4%5%
Maximum Loss8%10%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: 30 Calendar Days
Phase 2: 60 Calendar Days
Profit Split80%80%

Example of comparison between MyFlashFunding & FundedNext

Trading ObjectivesMyFlashFundingFundedNext (Evaluation)
Phase 1 Profit Target6%10%
Phase 2 Profit Target6%5%
Maximum Daily Loss4%5%
Maximum Loss8%10%
Minimum Trading DaysNo Minimum Trading Days5 Calendar Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: 4 Weeks
Phase 2: 8 Weeks
Profit Split80%80% up to 95%

MyFlashFunding’s One-step Evaluation is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 10%, with a 4% maximum daily and 6% maximum trailing loss rules. You also have no minimum or maximum trading day requirements during the evaluation phase. The One-step Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the One-step Evaluation stands out mainly for having an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 14 calendar days, and bi-weekly future payouts.

Example of comparison between MyFlashFunding & Finotive Funding

Trading ObjectivesMyFlashFundingFinotive Funding
Profit Target10%10%
Maximum Daily Loss4%4%
Maximum Loss6% (Trailing)7.5%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80%75% up to 95%

Example of comparison between MyFlashFunding & Blue Guardian

Trading ObjectivesMyFlashFundingBlue Guardian
Profit Target10%10%
Maximum Daily Loss4%4%
Maximum Loss6% (Trailing)6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80%85%

Example of comparison between MyFlashFunding & SurgeTrader

Trading ObjectivesMyFlashFundingSurgeTrader (One-Phase Audition)
Profit Target10%10%
Maximum Daily Loss4%5%
Maximum Loss6% (Trailing)8% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80%75% up to 90%

In conclusion, MyFlashFunding differs from other industry-leading prop firms by offering two unique account types: a two-step evaluation and a one-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 14 calendar days, and bi-weekly future payouts.

Is Getting My Flash Funding Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

  • Receiving capital from the Two-step Evaluation is realistic primarily due to its relatively modest profit targets (6% in both evaluation phases) coupled with slightly below-average maximum loss rules (4% maximum daily and 8% maximum loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80%.
  • Receiving capital from the One-step Evaluation is realistic primarily due to its average profit target of 10% coupled with average maximum loss rules (4% maximum daily and 6% maximum trailing loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 80%.

After considering all the factors, MyFlashFunding is highly recommended since you have two unique funding programs to choose from, a two-step evaluation and a one-step evaluation, which both feature realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

MyFlashFunding is a proprietary trading firm that was incorporated on the 27th of April, 2023. They have a large community of traders who have reached funded status and successfully qualify for a profit split.

While working with MyFlashFunding and reaching funded status with the Two-step Evaluation or One-step Evaluation, you will be eligible to receive your first payout after 14 calendar days. However, after your first payout, you will also be eligible to receive payouts if you exceed the initial account size every 14 calendar days. Your profit split will consist of a generous 80% based on the profit that you have generated on your funded account.

When it comes to MyFlashFunding payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof of MyFlashFunding is their Discord channel and YouTube channel, where you can find numerous payout certificates and interviews of the most successful traders.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does MyFlashFunding Use?

MyFlashFunding is partnered with ThinkMarkets as their broker.

ThinkMarkets is a premium multi-asset online brokerage with headquarters located in London and Melbourne. They provide quick and easy access to a wide range of markets while delivering some of the most recognized trading solutions: MetaTrader 4, MetaTrader 5, and their in-house developed ThinkTrader platform.

As for trading platforms, while working with MyFlashFunding, they allow you to trade on Match-Trader.

Trading Instruments

As mentioned above, MyFlashFunding is partnered with ThinkMarkets, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, and cryptocurrencies with a leverage of up to 1:100, depending on the trading instrument that you are trading and the Evaluation that you are participating in.

Forex Pairs

EUR/CADCAD/JPYCHF/JPYEUR/CHFEUR/GBPEUR/JPY
EUR/USDGBP/CADGBP/CHFGBP/JPYGBP/USDUSD/CAD
USD/CHFUSD/JPYAUD/CADAUD/CHFAUD/JPYAUD/NZD
AUD/USDCAD/CHFEUR/AUDEUR/NOKEUR/NZDEUR/SEK
EUR/SGDGBP/AUDGBP/NZDNZD/CADNZD/CHFNZD/JPY
NZD/USDUSD/NOKUSD/SEKUSD/SGDEUR/HUFUSD/BRL
USD/CNHUSD/HUFUSD/MXNUSD/TRYUSD/ZAREUR/CZK
EUR/PLNEUR/ZARGBP/ZAREUR/TRY

Commodities

XAU/USDXAU/EURXAG/USDWTIBRENT

Indices

AUS200ESTX50FRA40GER40UK100
JPN225NAS100SPX500US30CHINA50
HK50SPAIN35USDINDEXVIXUS2000
TAIEX

Cryptocurrencies

BTC/USDETH/USDLTC/USDBCH/USD

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX 7 USD / LOT
COMMODITIES 7 USD / LOT (Only Metals)
INDICES 0 USD / LOT
CRYPTO 0 USD / LOT

Spread Account

To check the live spreads, log in to the trading account below.

PlatformServerLogin NumberPasswordDownload Platform
Match-TraderClick here

Education

MyFlashFunding provides its community with a detailed Blog with valuable educational articles.

Additionally, MyFlashFunding also provides a well-structured dashboard that all of their traders can access, allowing them to manage risk more efficiently while having constant access to their trading objectives and overall statistics of their trading accounts.

MyFlashFunding Trading Dashboard

Trustpilot Feedback

MyFlashFunding has gathered an excellent score on Trustpilot based on their community’s feedback.

On Trustpilot, MyFlashFunding has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.7 out of 5 from a substantial pool of 521 reviews. Notably, 87% of these reviews have awarded MyFlashFunding the highest rating of 5 stars.

The client is genuinely impressed with the MyFlashFunding program, highlighting the excellent client service provided. They emphasize the prompt assistance and quick processes, expressing satisfaction with passing their audition swiftly. The comment suggests a positive association with the term “flash,” indicating both speed and brightness.

The client had a positive experience with the MyFlashFunding support team, praising the kind and helpful personnel who assisted in resolving login and account issues. They express satisfaction with the service and convey eagerness to proceed with trading through MyFlashFunding in the future.

Social Media Statistics

MyFlashFunding can also be found on numerous social media platforms.

Discord26,962 Members
Telegram1,095 Members
Instagram5,829 Followers
Twitter29,800 Followers
YouTube1,210 Subscribers
LinkedIn63 Followers
TikTok43 Followers & 193 Likes

Customer Support

Live Chat
Email[email protected]
Phone
DiscordDiscord Link
TelegramTelegram Link
FAQFAQ Link
Help Center
WhatsApp
Messenger
Supported LanguagesEnglish

Account Opening Process

  • Registration Form – Register with MyFlashFunding by filling out the registration form with your personal details and logging into the trading dashboard.
  • Choose Your Account – Choose your account size, challenge type, and trading platform.
  • Apply Discount Code – Apply our discount code FOREXPROPREVIEWS and enjoy a 20% discount on all MyFlashFunding challenge types.
  • Choose Payment Method – Choose between a credit/debit card and cryptocurrency payment method after you have successfully applied our discount code.
  • Receive Login Credentials – Find an email with a greeting from MyFlashFunding, where you can access your login credentials for your newly purchased trading account.

Conclusion

In conclusion, MyFlashFunding is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between two funding programs: the Two-step Evaluation, which is a two-step evaluation, and the One-step Evaluation, which is a one-step evaluation.

MyFlashFunding’s Two-step Evaluation is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach profit targets of 6% in both evaluation phases to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 8% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during both evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Two-step Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.

MyFlashFunding’s One-step Evaluation is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 6% maximum trailing loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during the evaluation phase, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the One-step Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend MyFlashFunding to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with favorable features, such as an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 14 calendar days, and bi-weekly future payouts. After considering everything MyFlashFunding offers to traders all across the globe, they are indeed a desirable choice within the prop trading industry.

Our detailed review of MyFlashFunding was last updated on 03.04.2024 at 11.19 (CE(S)T).

What are your individual opinions on MyFlashFunding and the services they offer? Do they align with the trading conditions and services you’ve been seeking?

Let us know if you enjoyed our detailed MyFlashFunding review by commenting below!

MyFlashFunding Review (23% discount code: FOREXPROPREVIEWS) Details

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Account size up to:
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4.0
Fees
5.0
Trading Platforms
5.0
Deposit and withdrawal
5.0
Customer Support
4.8 Overall Rating

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