MyFundedFX
MyFundedFX is a newer prop firm offering competitively priced one-step and two-step evaluations with fast payouts and a straightforward trading experience.
Key Facts
Scores Breakdown
Overall Score
Based on pricing, platforms, rules, payouts, and reliability
Challenge Options
| Type | Account Size | Price | Profit Target | Max Loss | Daily Loss | Profit Split | Duration |
|---|---|---|---|---|---|---|---|
| 1-Phase Evaluation | $5,000 | $50 | 10% | 8% | 4% | 80% | Unlimited |
| 2-Phase Evaluation | $50,000 | $299 | 8% (Phase 1), 5% (Phase 2) | 10% | 5% | 80% | Unlimited |
| 2-Phase Evaluation | $100,000 | $499 | 8% (Phase 1), 5% (Phase 2) | 10% | 5% | 80% | Unlimited |
| 2-Phase Evaluation | $200,000 | $949 | 8% (Phase 1), 5% (Phase 2) | 10% | 5% | 80% (up to 90%) | Unlimited |
Trading Rules
- 1Minimum 5 trading days
- 2Maximum daily loss of 4-5% depending on challenge type
- 3Maximum overall loss of 8-10% depending on challenge type
- 4No copy trading from other prop firm accounts
- 5News trading and weekend holding allowed
Pros & Cons
Pros
- Competitive pricing across all account sizes
- Both one-step and two-step options available
- Unlimited evaluation time
- Fast and reliable payouts
- Simple and transparent rules
Cons
- Newer firm with less track record
- No cTrader platform available
- Scaling program not as generous as some competitors
- Limited educational resources
Full Review
MyFundedFX launched in 2022 and has quickly gained traction with competitive pricing and straightforward evaluation rules. The firm offers both one-step and two-step challenge models.
The one-step evaluation requires a 10% profit target with an 8% maximum loss and 4% daily loss limit. The two-step follows the more traditional 8%/5% target split with 10% max loss. All evaluations come with unlimited time, removing the pressure of deadlines.
Pricing is competitive, with the $5,000 one-step challenge starting at just $50. The profit split begins at 80% and can increase to 90% through the scaling program.
The firm supports MT4, MT5, and DXtrade platforms. While it lacks the track record of established firms like FTMO, MyFundedFX has been consistent with payouts and continues to build trust in the community. The simple, transparent rules make it a good option for traders who want a no-nonsense prop firm.
Ready to Start Trading with MyFundedFX?
Challenges from $50 · Up to 80% (up to 90%) profit split · Bi-weekly payouts
Disclaimer
Prop trading firms are not regulated financial institutions. Challenge fees are non-refundable in most cases. Past performance of funded traders does not guarantee future results. Always read the full terms and conditions before purchasing a challenge. This review is for informational purposes only and does not constitute financial advice.