MyFundedFX
Texas, United StatesEst. 202210,000 funded tradersMost Popular
4.5
3,000 verified reviews
5★
1950
4★
600
3★
240
2★
120
1★
90
Operating 4+ years
4.5/5 Trustpilot (3,000 reviews)
10,000+ funded traders
Expert Score: 7.9/10
Verified by PropFirm Key
Max Allocation
$600K
Profit Split
80%
Starting From
$49
Daily Loss Limit
5%
Max Drawdown
10%
First Payout
14 days
Payout Frequency
Bi-weekly
Pass Rate
16%
About MyFundedFX
MyFundedFX was established in the United States with a mission to provide accessible proprietary trading opportunities to retail traders worldwide. The founders recognized that many talented traders lacked the capital to trade profitably at scale and created a firm focused on simplicity and reliability. The company has grown steadily through word-of-mouth recommendations and positive reviews from funded traders. MyFundedFX invested early in multi-platform infrastructure, becoming one of the few prop firms to support four major trading platforms simultaneously. This technical investment has paid dividends in trader acquisition and retention. MyFundedFX maintains a lean operational model that keeps challenge fees competitive while delivering reliable payouts and responsive customer support. Their US headquarters provides straightforward business operations and clear legal frameworks for trader agreements.
Headquarters
Texas, United States
CEO / Founder
Matt Leech
Market Type
forex
Status
closed
Trading Platforms
MT4
MT5
cTrader
DXTradeTradable Assets
FXMetalsIndicesCommoditiesCrypto
Payment Methods
Credit CardCrypto
Trading Rules
Daily Loss Limit
5%
Based on balance
Max Drawdown
10%
Static from initial balance
Profit Target
10%
1-step,2-step
Min Trading Days
5
5 days required
Consistency Rule
none
Leverage: 1:100
Allowed Strategies
Scalping
Short-term quick trades
News Trading
Trade during economic events
Bots / EA
Automated trading bots
Copy Trading
Copy other traders
Hedging
Opposite positions
Weekend Holding
Hold over weekends
Martingale
Double-down strategy
HFT
High frequency trading
Challenges (5)
| Account Size | Programs | Steps | Profit Target | Daily Loss | Max Loss | Profit Split | Price | Actions |
|---|---|---|---|---|---|---|---|---|
| $5K | 1-Step Challenge | 1-step | 10% | 5% | 8% | 80% | $49 | Buy |
| $25K | 2-Step Challenge | 2-step | 8% / 5% | 5% | 10% | 80% | $199 | Buy |
| $50K | 1-Step Challenge | 1-step | 10% | 5% | 8% | 80% | $299 | Buy |
| $100K | 2-Step Challenge | 2-step | 8% / 5% | 5% | 10% | 80% | $499 | Buy |
| $200K | 2-Step Challenge | 2-step | 8% / 5% | 5% | 10% | 80% | $949 | Buy |
Trading Features
Scaling Plan
Refundable Fee
Live Chat Support
Payout Process
Evaluation
Pass the challenge
Sim Funded
First payout in 14d
Live Funded
Unlock full payouts
Evaluation
Pass the challenge
Sim Funded
First payout in 14d
Live Funded
Unlock full payouts
Payout Schedule
Frequency: Bi-weekly
Processing: 24-48h
Payout Methods
Bank TransferCryptoDeel
Fee refunded with first payout
Scaling Program
Scale Up Your Account
Grow your allocation over time with consistent trading
Increment
25%
Frequency
N/A
Max Allocation
N/A
$600K...via 25% increments
Pros & Cons
Pros
- Four platform support: MT4, MT5, cTrader, and DXTrade
- Competitive challenge fees among the most affordable in the industry
- US-based operations with straightforward business practices
- Clear and simple trading rules without excessive restrictions
- Regular promotional discounts and seasonal offers
- Fee refund on first funded payout
Cons
- 80% profit split is below industry leaders offering 90-100%
- $600K maximum funding is lower than firms offering $2.5M-$4M
- Scaling requires multiple accounts rather than single account growth
- Limited educational resources and trader development programs
- Customer support response times can be inconsistent during peak periods
Expert Review
PropFirm Key Team
Expert Prop Trading Analysts
February 27, 202612 min read
7.9
/10
Overall Score
Based on 5 evaluation criteria
🛡Trust & Reputation8.0
📋Trading Rules8.1
💰Payout Process7.6
💎Value for Money8.3
⚡Platform & Tools9.2
Quick Summary
MyFundedFX is a US-based prop firm offering up to $600K in funded capital across four trading platforms. With an 80% profit split and competitive challenge fees, they provide accessible entry to funded trading. Their quad-platform support is a standout feature for traders with platform-specific strategies.
01Company Background
MyFundedFX was established in the United States with a mission to provide accessible proprietary trading opportunities to retail traders worldwide. The founders recognized that many talented traders lacked the capital to trade profitably at scale and created a firm focused on simplicity and reliability.
The company has grown steadily through word-of-mouth recommendations and positive reviews from funded traders. MyFundedFX invested early in multi-platform infrastructure, becoming one of the few prop firms to support four major trading platforms simultaneously. This technical investment has paid dividends in trader acquisition and retention.
MyFundedFX maintains a lean operational model that keeps challenge fees competitive while delivering reliable payouts and responsive customer support. Their US headquarters provides straightforward business operations and clear legal frameworks for trader agreements.
02Challenge Types & Pricing
MyFundedFX offers a streamlined challenge structure that eliminates unnecessary complexity. Their primary evaluation is a two-phase challenge with standard profit targets: typically 8% in Phase 1 and 5% in Phase 2. Account sizes range from $5,000 to $200,000, with the ability to hold multiple accounts up to $600,000 total.
The firm also offers a one-step evaluation for traders who prefer a faster path to funding. This option requires a single profit target slightly higher than the two-phase option but cuts the evaluation time significantly. Both challenge types share the same core trading rules.
MyFundedFX periodically introduces promotional challenge types with adjusted parameters, such as extended time limits or reduced fees. These promotions make the firm particularly attractive during holiday periods and trading events.
03Trading Rules Analysis
MyFundedFX implements clear, trader-friendly rules that balance risk management with trading freedom. The daily drawdown limit is typically 5%, and the maximum overall drawdown is 8-10% depending on the account type. These limits are standard for the industry and manageable for disciplined traders.
The firm allows news trading, overnight holding, and weekend holding on most account types. EAs and algorithmic trading are permitted, though copy trading from other prop firm accounts is restricted. MyFundedFX supports hedging within the same account, giving traders flexibility in managing positions.
Minimum trading day requirements ensure that evaluations reflect genuine trading activity. Traders must complete a set number of trading days during each evaluation phase, preventing single-trade pass attempts.
04Payout Process
MyFundedFX provides an 80% profit split to funded traders, which is competitive for firms in their pricing tier. Payouts can be requested after completing the initial trading period, typically on a bi-weekly cycle for newer funded traders and weekly for established performers.
The firm processes payouts through multiple channels including bank wire, cryptocurrency, and various e-wallets. Processing times average 2-5 business days, with most traders reporting reliable, on-schedule payments.
MyFundedFX's scaling program allows traders to increase their funded capital by demonstrating consistent profitability over multiple payout cycles. The path to $600K total funding requires managing multiple accounts, which some traders view as an advantage for risk diversification.
05True Cost Analysis
MyFundedFX offers some of the most competitive challenge fees in the industry. A $100K challenge typically costs between $350-$450, representing strong value compared to premium-priced competitors. The firm regularly offers discount codes and promotional pricing that can reduce costs further.
With an 80% profit split and fee refund upon first payout from funded accounts, the effective cost for successful traders is minimal. However, the 80% split is lower than firms offering 90%+, so traders expecting to generate significant volume should factor this into their total cost analysis.
06Who Should Use MyFundedFX?
MyFundedFX is well-suited for traders who value platform flexibility above all else. If you have a strategy optimized for DXTrade or want the option to switch between MT4, MT5, and cTrader, MyFundedFX is one of very few firms that accommodates this need.
The competitive pricing also makes MyFundedFX ideal for traders on a budget who want a fair evaluation process without premium pricing. US-based traders may also appreciate dealing with a domestic company for simplicity in payouts and communication.
07Alternatives
Traders considering MyFundedFX should compare with FTMO for its established reputation, FXIFY for its higher 90% profit split, and The Funded Trader for similar US-based operations with different account structures. For traders whose primary draw is the DXTrade platform, options are limited, giving MyFundedFX a distinct advantage.
Budget-conscious traders might also explore FunderPro for its competitive pricing, while those seeking higher profit splits should investigate FundedNext or The5ers.
Final Verdict
7.9/10 — Good
PropFirm Key Expert Rating
MyFundedFX delivers a solid, no-frills prop trading experience with the standout feature of quad-platform support. The competitive pricing, clear rules, and US-based operations make it a reliable choice for traders who prioritize accessibility and platform flexibility over maximum profit splits or scaling potential.
The 80% profit split is the most notable limitation, falling below the industry leaders. However, for traders who need DXTrade support or appreciate the simplicity of MyFundedFX's approach, the firm offers genuine value. It is a dependable option in a crowded market.
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FAQ
6 questions about MyFundedFX
MyFundedFX supports four platforms: MetaTrader 4, MetaTrader 5, cTrader, and DXTrade. This is one of the broadest platform selections available from any prop firm.
Terms & Conditions Summary
- Legal Entity
- MyFunded Capital (HK) Ltd
- Jurisdiction
- Hong Kong
- Governing Law
- Hong Kong
- Address
- Suite 1601, 16/F., AXA Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon, Hong Kong
Disclaimer: This summary is provided for informational purposes only and does not constitute legal advice. Terms may change without notice. Always read the full Terms & Conditions on the official website before making any purchase. Last reviewed: 2026-01-15.
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