MyFundedFX Review (10% discount code: FOREXPROPREVIEWS)
4.3

MyFundedFX Review (10% discount code: FOREXPROPREVIEWS)

MyFundedFX offers traders five different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm's capital, meaning that they will cover all losses.
Home » MyFundedFX Review (10% discount code: FOREXPROPREVIEWS)
Pros
  • Great Trustpilot rating of 4.2/5
  • Five Unique Funding Programs
  • Professional Trader Dashboard
  • A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
  • Leverage up to 1:100
  • No Minimum & Maximum Trading Day Requirements
  • Scaling Plan
  • Maximum Daily Drawdown Scaling Feature
  • Maximum Drawdown Scaling Feature
  • First Payout After 7 or 14 Days (Depending on Challenge)
  • Bi-weekly or Weekly Payouts (Depending on Challenge)
  • Profit Share of 80% up to 92.75%
  • Overnight & Weekend Holding Allowed
  • Balance-based Drawdown
Cons
  • Expensive Funding Program Prices
  • Low Initial Maximum Drawdown of 8% on Two-step Challenge
  • Trailing Drawdown on One-step Challenge

MyFundedFX presents traders with challenge programs designed to offer them a chance to engage in trading without exposing their personal capital to risk. Successful traders are rewarded with a payment based on their profits. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $300,000 and receive up to 92.75% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Who are MyFundedFX?

MyFundedFX is a proprietary trading firm with the legal name MyFunded Solutions, LLC, which was incorporated in June 2022. They are located in Dallas, Texas, and are being managed by CEO Matthew Leech. MyFundedFX provides traders with the opportunity to choose between five account types, two two-step evaluations, two one-step evaluations, and a three-step evaluation while being partnered with Zenfinex, Purple Trading Seychelles, and Quality FX Ltd as their brokers.

MyFundedFX headquarters are located at 100 Crescent Court Suite 700 Dallas, TX 75201, United States.

Who is the CEO of MyFundedFX?

Matthew Leech is the founder of MyFundedFX, who is a prosperous entrepreneur in the financial and tech services sectors, as well as a skilled trader in forex, options, stocks, and cryptocurrencies. Since 2018, he has been actively involved in trading and currently holds the position of CEO in MyFundedFX, along with several other ventures.

Matt’s motivation for launching MyFundedFX stemmed from recognizing a gap in the industry. Often, proprietary trading firms prioritize developing programs that neglect the needs of individual traders. However, with MyFundedFX, the primary focus is on educating traders and facilitating their path to securing funding. Matt and the entire team are deeply committed to this objective, consistently strengthening the foundational skills required to become a funded trader.

Video Review

Funding Program Options

MyFundedFX provides its traders with five unique funding program options:

  • Two-step Challenge
  • Two-step Max Challenge
  • One-step Challenge
  • One-step Max Challenge
  • Three-step Challenge

Two-step Challenge

MyFundedFX’s Two-step Challenge provides traders the opportunity to manage account sizes ranging from $5,000 up to $300,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-step Challenge allows you to trade with up to 1:100 leverage.

Account SizePrice
$5,000$50
$10,000$100
$25,000$200
$50,000$300
$100,000$500
$200,000$950
$300,000$1,399

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% 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 8% profit target without breaching the maximum daily or maximum loss limit rules.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% 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 5% 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 5% 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% up to 92.75% based on the profit you make on your funded account.

Two-step Challenge Scaling Plan

The Two-step Challenge 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 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $125,000.

After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

And so on…

Two-step Challenge 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 8%, whereas Phase 2 requires reaching a profit target of 5%. 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 5%. (Scaleable up to 8%)
  • 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%. (Scaleable up to 14%)
  • No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 3-minute period both before and after the announcement of particular news. (Only on funded accounts)

Two-step Max Challenge

MyFundedFX’s Two-step Max Challenge provides traders the opportunity to manage account sizes ranging from $5,000 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 Max Challenge allows you to trade with up to 1:50 leverage in phase one and 1:30 in phase two and once funded.

Account SizePrice
$5,000$38
$10,000$75
$25,000$140
$50,000$210
$100,000$425
$200,000$725

Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% 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 10% profit target without breaching the maximum daily or maximum loss limit rules.

Evaluation phase two requires a trader to reach a profit target of 5% 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 5% 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% up to 92.75% based on the profit you make on your funded account.

Two-step Max Challenge Scaling Plan

The Two-step Max Challenge 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 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $125,000.

After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

And so on…

Two-step Max Challenge 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 10%, whereas Phase 2 requires reaching a profit target of 5%. 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 5% in phase one and 4% in phase two and once funded. (Scaleable up to 8%)
  • 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 10% in phase one and 8% in phase two and once funded. (Scaleable up to 14%)
  • No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 3-minute period both before and after the announcement of particular news. (Only on funded accounts)

VIP Program Two-step Challenge & Two-step Max Challenge

One-step Challenge

MyFundedFX’s One-step Challenge provides traders with the opportunity to manage account sizes ranging from $5,000 up to $300,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The One-step Challenge allows you to trade with leverage up to 1:100.

Account SizePrice
$5,000$50
$10,000$100
$25,000$200
$50,000$300
$100,000$500
$200,000$950
$300,000$1,399

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% up to 92.75% based on the profit you make on your funded account.

One-step Challenge Scaling Plan

The One-step Challenge 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 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $125,000.

After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

And so on…

One-step Challenge 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%. (Scaleable up to 6%)
  • 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%. (Scaleable up to 12%)
  • No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 3-minute period both before and after the announcement of particular news. (Only on funded accounts)

VIP Program (One-step Challenge)

One-step Max Challenge

MyFundedFX’s One-step Max Challenge provides traders with the opportunity to manage account sizes ranging from $5,000 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 Max Challenge allows you to trade with leverage up to 1:100.

Account SizePrice
$5,000$42
$10,000$80
$25,000$170
$50,000$240
$100,000$399
$200,000$799

The evaluation phase requires a trader to reach a profit target of 8% while not surpassing their 2% maximum daily loss (soft breach) 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. However, you have a maximum daily gain limitation of 2%. To proceed to funded status, you are only required to reach the 8% profit target without breaching the 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 8% maximum loss rules. Additionally, you also have a maximum daily gain limitation of 2%. Your first payout is 7 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted weekly. Your profit split will be 80% based on the profit you make on your funded account.

One-step Max Challenge Scaling Plan

The One-step Max Challenge 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 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $125,000.

After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

And so on…

One-step Max Challenge 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 8%. 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 2%. (Soft Breach, meaning that if hit, the trader can continue trading the next trading day)
  • 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%.
  • No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 3-minute period both before and after the announcement of particular news. (Only on funded accounts)

Three-step Challenge

MyFundedFX’s Three-step Challenge provides traders the opportunity to manage account sizes ranging from $10,000 up to $300,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the three-step evaluation period. The Three-step Challenge allows you to trade with up to 1:50 leverage.

Account SizePrice
$10,000$70
$25,000$150
$50,000$225
$100,000$375
$200,000$570
$300,000$900

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 phase three, you are only required to reach the 6% profit target without breaching the maximum daily or maximum loss limit rules.

Evaluation phase three also 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 three. 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 all three 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.

Three-step Challenge Scaling Plan

The Three-step Challenge 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 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $125,000.

After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

And so on…

Three-step Challenge 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 all three evaluation phases is 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%.
  • No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 3-minute period both before and after the announcement of particular news. (Only on funded accounts)

What Makes MyFundedFX Different From Other Prop Firms?

MyFundedFX differs from most industry-leading prop firms due to offering five unique account types: two two-step evaluations, two one-step evaluations, and a three-step evaluation. In addition, they also provide numerous favorable features, such as drawdown scaling, an unlimited trading period, no minimum trading day requirements, first withdrawal after only 7 or 14 calendar days, and weekly or bi-weekly future payouts, depending on the challenge.

MyFundedFX’s Two-step Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 8% maximum loss rules. You also have no minimum or maximum trading day requirements during both evaluation phases. The Two-step Challenge 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 Challenge stands out mainly for having a drawdown scaling feature, an unlimited trading period, no minimum trading day requirements, first withdrawal after only 14 calendar days, and bi-weekly future payouts.

Example of comparison between MyFundedFX & Smart Prop Trader

Trading ObjectivesMyFundedFXSmart Prop Trader
Phase 1 Profit Target8%7%
Phase 2 Profit Target5%5%
Maximum Daily Loss5% (Scaleable up to 8%)4%
Maximum Loss8% (Scaleable up to 14%)8% (Scaleable up to 28%)
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% up to 92.75%85% up to 90%

Example of comparison between MyFundedFX & Blue Guardian

Trading ObjectivesMyFundedFXBlue Guardian (Unlimited)
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%4%
Maximum Daily Loss5% (Scaleable up to 8%)4%
Maximum Loss8% (Scaleable up to 14%)8%
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% up to 92.75%85%

Example of comparison between MyFundedFX & MyFlashFunding

Trading ObjectivesMyFundedFXMyFlashFunding (Flash)
Phase 1 Profit Target8%6%
Phase 2 Profit Target5%6%
Maximum Daily Loss5% (Scaleable up to 8%)4%
Maximum Loss8% (Scaleable up to 14%)8%
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% up to 92.75%80%

MyFundedFX’s Two-step Max Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 10% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules in phase one and 4% maximum daily and 8% maximum loss rules in phase two and once funded. You also have no minimum or maximum trading day requirements during both evaluation phases. The Two-step Max Challenge 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 Max Challenge stands out mainly for having a drawdown scaling feature, an unlimited trading period, no minimum trading day requirements, first withdrawal after only 14 calendar days, and bi-weekly future payouts.

Example of comparison between MyFundedFX & Funding Pips

Trading ObjectivesMyFundedFXFunding Pips
Phase 1 Profit Target10%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5% in Phase 1
4% in Phase 2 & Once Funded
(Scaleable up to 8%)
5% (Scaleable up to 7%)
Maximum Loss10% in Phase 1
8% in Phase 2 & Once Funded
(Scaleable up to 14%)
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% up to 92.75%80% up to 90%

Example of comparison between MyFundedFX & Finotive Funding

Trading ObjectivesMyFundedFXFinotive Funding (Classic)
Phase 1 Profit Target10%7.5%
Phase 2 Profit Target5%5%
Maximum Daily Loss5% in Phase 1
4% in Phase 2 & Once Funded
(Scaleable up to 8%)
5%
Maximum Loss10% in Phase 1
8% in Phase 2 & Once Funded
(Scaleable up to 14%)
10%
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% up to 92.75%75% up to 95%

Example of comparison between MyFundedFX & FundedNext

Trading ObjectivesMyFundedFXFundedNext (Two-step Stellar)
Phase 1 Profit Target10%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5% in Phase 1
4% in Phase 2 & Once Funded
(Scaleable up to 8%)
5%
Maximum Loss10% in Phase 1
8% in Phase 2 & Once Funded
(Scaleable up to 14%)
10%
Minimum Trading DaysNo Minimum Trading Days5 Calendar Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80% up to 92.75%80% up to 95%

MyFundedFX’s One-step Challenge 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 Challenge 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 Challenge stands out mainly for having a drawdown scaling feature, an unlimited trading period, no minimum trading day requirements, first withdrawal after only 14 calendar days, and bi-weekly future payouts.

Example of comparison between MyFundedFX & Funded Trading Plus

Trading ObjectivesMyFundedFXFunded Trading Plus
Profit Target10%10%
Maximum Daily Loss4% (Scaleable up to 6%)4%
Maximum Loss6% (Trailing)(Scaleable up to 12%)6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 92.75%80% up to 100%

Example of comparison between MyFundedFX & PipFarm

Trading ObjectivesMyFundedFXPipFarm (Trailing)
Profit Target10%12%
Maximum Daily Loss4% (Scaleable up to 6%)3%
Maximum Loss6% (Trailing)(Scaleable up to 12%)12% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 92.75%70% up to 95%

Example of comparison between MyFundedFX & Goat Funded Trader

Trading ObjectivesMyFundedFXGoat Funded Trader
Profit Target10%10%
Maximum Daily Loss4% (Scaleable up to 6%)4%
Maximum Loss6% (Trailing)(Scaleable up to 12%)6%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 92.75%75% up to 95%

MyFundedFX’s One-step Max Challenge is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 8%, with a 2% maximum daily (Soft breach) and 8% maximum loss rules. You also have no minimum or maximum trading day requirements during the evaluation phase. However, you have a maximum daily gain limitation of 2%. The One-step Max Challenge 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 Max Challenge stands out mainly for having an unlimited trading period, no minimum trading day requirements, first withdrawal after only 7 calendar days, and weekly future payouts.

Example of comparison between MyFundedFX & Blue Guardian

Trading ObjectivesMyFundedFXBlue Guardian
Profit Target8%10%
Maximum Daily Loss2% (Soft Breach)4%
Maximum Loss8%6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80%85%

Example of comparison between MyFundedFX & MyFlashFunding

Trading ObjectivesMyFundedFXMyFlashFunding
Profit Target8%10%
Maximum Daily Loss2% (Soft Breach)4%
Maximum Loss8%6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80%80%

Example of comparison between MyFundedFX & PipFarm

Trading ObjectivesMyFundedFXPipFarm (Static)
Profit Target8%12%
Maximum Daily Loss2% (Soft Breach)3%
Maximum Loss8%6%
Minimum Trading DaysNo Minimum Trading Days3 Calendar Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80%70% up to 90%

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

Example of comparison between MyFundedFX & The Funded Trader

Trading ObjectivesMyFundedFXThe Funded Trader
Phase 1 Profit Target6%8%
Phase 2 Profit Target6%5%
Phase 3 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 3: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Phase 3: Unlimited
Profit Split80%75% up to 95%

Example of comparison between MyFundedFX & E8 Markets

Trading ObjectivesMyFundedFXE8 Markets
Phase 1 Profit Target6%8%
Phase 2 Profit Target6%5%
Phase 3 Profit Target6%5%
Maximum Daily Loss4%5%
Maximum Loss8%8% (Scaleable up to 14%)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 3: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Phase 3: Unlimited
Profit Split80%80%

Example of comparison between MyFundedFX & RebelsFunding

Trading ObjectivesMyFundedFXRebelsFunding
Phase 1 Profit Target6%5%
Phase 2 Profit Target6%5%
Phase 3 Profit Target6%5%
Maximum Daily Loss4%5%
Maximum Loss8%10%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days (5 Minimum Trades)
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 3: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Phase 3: Unlimited
Profit Split80%80% up to 90%

In conclusion, MyFundedFX differs from other industry-leading prop firms by offering five unique account types: two two-step evaluations, two one-step evaluations, and a three-step evaluation. In addition, they also provide numerous favorable features, such as drawdown scaling, an unlimited trading period, no minimum trading day requirements, first withdrawal after only 7 or 14 calendar days, and weekly or bi-weekly future payouts, depending on the challenge.

Is Getting MyFundedFX 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 Challenge is realistic primarily due to its relatively modest profit targets (8% in phase one and 5% in phase two) coupled with slightly below-average maximum loss rules (5% maximum daily, scaleable up to 8% and 8% maximum loss, scaleable up to 14%). 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% up to 92.75%.
  • Receiving capital from the Two-step Max Challenge is realistic primarily due to its average profit targets (10% in phase one and 5% in phase two) coupled with slightly below-average maximum loss rules (5% maximum daily and 10% maximum loss in phase one and 4% maximum daily and 8% maximum loss in phase two and once funded). 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% up to 92.75%.
  • Receiving capital from the One-step Challenge is realistic primarily due to its average profit target of 10% coupled with average maximum loss rules (4% maximum daily, scaleable up to 6% and 6% maximum trailing loss, scaleable up to 12%). 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% up to 92.75%.
  • Receiving capital from the One-step Max Challenge is realistic primarily due to its slightly below-average profit target of 8% coupled with average maximum loss rules (2% maximum daily (soft breach) and 8% maximum loss). It is important to note that there are no minimum or maximum trading day requirements. However, you have a maximum daily gain limitation of 2%. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 80%.
  • Receiving capital from the Three-step Challenge is realistic primarily due to its relatively modest profit targets, despite the additional evaluation phase (6% in all three 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 all three evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80%.

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

Payment Proof

MyFundedFX is a proprietary trading firm that was incorporated in June 2022. They have a large community of traders who have reached funded status and successfully qualify for a profit split.

While working with MyFundedFX and reaching funded status with the Two-step Challenge, Two-step Max Challenge, One-step Challenge, or Three-step Challenge, 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 your initial account size every 14 calendar days. Your profit split will consist of a generous 80% up to 92.75% based on the profit that you have generated on your funded account.

However, while working with MyFundedFX and reaching funded status with the One-step Max Challenge, you will be eligible to receive your first payout after only 7 calendar days. However, after your first payout, you will be eligible to receive payouts if you exceed the initial account size every 7 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 MyFundedFX 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 MyFundedFX is their Discord and YouTube channels, where you can find numerous payout certificates of the most successful traders.

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

Which Broker Does MyFundedFX Use?

MyFundedFX is partnered with Zenfinex, Purple Trading Seychelles, and Quality FX Ltd as their broker.

Purple Trading Seychelles aspires to be more than just a broker. Their objective is to provide favorable trading conditions and cutting-edge technologies and, most importantly, to establish a relationship where you view them as your equal partner. They firmly believe that this approach is the key to realizing success in the dynamic landscape of financial markets. Learn more about Purple Trading Seychelles by reading our in-depth Review.

As for trading platforms, while you are working with MyFundedFX, they allow you to trade on cTrader if you choose Purple Trading Seychelles, MetaTrader 5 if you choose Quality FX Ltd, and if you choose Zenfinex, you also have the option to trade on DXtrade. Additionally, traders are also provided with an option to choose Match-Trader.

Trading instruments

As mentioned above, MyFundedFX is partnered with Zenfinex, Purple Trading Seychelles, and Quality FX Ltd, 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 Challenge that you are participating in.

Purple Trading Seychelles Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/USDCAD/CHFCAD/JPY
CHF/JPYEUR/AUDEUR/CADEUR/CHFEUR/GBPEUR/JPY
EUR/USDGBP/AUDGBP/CADGBP/CHFGBP/JPYGBP/USD
USD/CADUSD/CHFUSD/JPYAUD/CNHAUD/NZDCAD/SGD
ERU/HUFEUR/NOKEUR/NZDEUR/SEKEUR/TRYGBP/NZD
NZD/CADNZD/CHFNZD/JPYNZD/SGDNZD/USDSGD/JPY
USD/CNHUSD/HKDUSD/HUFUSD/MXNUSD/NOKUSD/PLN
USD/SEKUSD/SGDUSD/TRYUSD/ZAR

Purple Trading Seychelles Commodities

XAG/USDXAU/AUDXAU/CNHXAU/EURXAU/GBP
XAU/SGDXAU/USDXPT/USDUKBRENTUSWTI

Purple Trading Seychelles Indices

AU200DJ30FR40GER30JP225
NAS100SP500STOXX50UK100CHINAH
HK50NETH25USDIndexVIXIndex

Purple Trading Seychelles Cryptocurrencies

ADA/USDBCH/USDBTC/USDDOT/USDEOS/USD
ETH/USDLNK/USDLTC/USDXLM/USDXRP/USD

Zenfinex 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

Zenfinex Commodities

XAU/USDXAU/EURXAG/USDWTIBRENT

Zenfinex Indices

AUS200ESTX50FRA40GER40UK100
JPN225NAS100SPX500US30CHINA50
HK50SPAIN35USDINDEXVIXUS2000
TAIEX

Zenfinex Cryptocurrencies

BTC/USDETH/USDLTC/USDBCH/USD

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX 7 USD / LOT
COMMODITIES 7 USD / LOT
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
DXtradeClick here
cTraderClick here
Match-TraderClick here
MetaTrader 5Click here

Education

MyFundedFX provides its community with a detailed Blog with educational content, such as the following 16 categories:

  • Technical Analysis
  • Trading Indicators
  • Psychology
  • Algorithms
  • Scalping
  • Technology
  • Risk Management
  • Market Analysis
  • Strategies
  • Broker
  • Diversification
  • Volatility
  • Leverage
  • Financial Education
  • Entrepreneurship
  • Analysis

Additionally, we can also find a Success Stories section, which includes educational interviews with the most successful traders who are working with MyFundedFX.

Lastly, MyFundedFX provides all clients access to a well-developed trader dashboard. This feature improves risk management by offering continuous access to detailed statistics and objectives, ensuring real-time updates every minute throughout the day. This enhancement significantly contributes to an overall enhanced user experience.

MyFundedFX Trading Dashboard

Trustpilot Feedback

MyFundedFX has gathered a great score on Trustpilot based on their community’s feedback.

On Trustpilot, MyFundedFX has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.2 out of 5 from a substantial pool of 1,619 reviews. Notably, 83% of these reviews have awarded MyFundedFX the highest rating of 5 stars.

The first comment mentions the client having a positive experience with MyFundedFX’s customer service. They sought assistance through the webchat feature, where an agent promptly and efficiently resolved their query within seconds. The commenter commends Jae for being super polite, friendly, and helpful, expressing genuine appreciation for the swift and effective assistance.

MyFundedFX has become a focal point for many traders, including this client, due to its notable transparency. The absence of hidden fees and rules, coupled with fast payments, exceptional customer service, and the availability of affordable evaluation accounts, contributes to its appeal in the trading community.

Social Media Statistics

MyFundedFX can also be found on numerous social media platforms.

Twitter115,100 Followers
Discord113,617 Members
YouTube27,900 Subscribers
Facebook32,100 Members
Telegram7,785 Members
Instagram41,000 Followers
TikTok448 Followers & 619 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 MyFundedFX by filling out the registration form with your personal details and logging into the trading dashboard.
  • Choose Your Account – Choose your account type, account size, trading platform, broker, and add-ons.
  • Apply Discount Code – Apply our discount code FOREXPROPREVIEWS and enjoy a 10% discount on all MyFundedFX account types.
  • Choose Your Payment Method – Choose between a credit/debit card, cryptocurrency, and PayPal payment methods.
  • Receive Login Credentials – Find an email with a greeting from MyFundedFX, where you can access your login credentials for your newly purchased trading account.

Conclusion

In conclusion, MyFundedFX is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between five funding programs: the Two-step Challenge and Two-step Max Challenge, which are a two-step evaluations, the One-step Challenge and One-step Max Challenge, which are a one-step evaluations, and the Three-step Challenge, which is a three-step evaluation.

MyFundedFX’s Two-step Challenge 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% up to 92.75% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% 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 Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

MyFundedFX’s Two-step Max Challenge 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% up to 92.75% profit splits. Traders must reach profit targets of 10% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow in phase one and a 4% maximum daily and 8% maximum loss rules to follow in phase 2 and once funded. 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 Max Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

MyFundedFX’s One-step Challenge is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% up to 92.75% 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 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 One-step Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

MyFundedFX’s One-step Max Challenge 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 8% to become successfully funded. These are realistic trading objectives, considering you have a 2% maximum daily (Soft breach) and 8% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during both evaluation phases. However, you have a maximum daily gain limitation of 2%. Finally, it’s essential to note that the One-step Max Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

MyFundedFX’s Three-step Challenge is a three-step evaluation that requires the completion of three phases before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach a 6% profit target in each evaluation phase 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 all three evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Three-step Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend MyFundedFX 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 special features, such as drawdown scaling, an unlimited trading period, no minimum trading day requirements, first withdrawal after only 7 or 14 calendar days, and weekly or bi-weekly future payouts, depending on the challenge. After considering everything MyFundedFX has to offer to traders all across the globe, they can undoubtedly be regarded as one of the industry-leading prop firms.

Our detailed review of MyFundedFX was last updated on 05.07.2024 at 10:55 (CE(S)T).

What are your individual opinions on MyFundedFX 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 MyFundedFX review by commenting below!

MyFundedFX Review (10% discount code: FOREXPROPREVIEWS) Details

Trading Platforms
Deposit Methods
Withdrawal Methods
Tradable instruments
Account Currencies
Incorporation
Account size up to:
$300,000
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4.0
Fees
4.0
Trading Platforms
4.0
Deposit and withdrawal
5.0
Customer Support
4.3 Overall Rating

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