MyFundedFutures (MFFU) offers traders the opportunity to manage simulated capital up to $600K. This prop trading firm allows traders to demonstrate their skills, complete a challenge, and receive allocated simulated funds without risking their own capital.
They offer a 100% profit split up to $10K and 90% thereafter, with the added benefits of no minimum or maximum evaluation days and 24/7 live support.
About MyFundedFutures Prop Firm: An Overview
Legal Company Name
MyFundedFutures (MFFU)
Founding Year
November 2023
Executive Team
CEO: Matthew Leech
Trading Platforms
MyFundedFutures supports multiple trading platforms, including:
- Tradovate
- TradingView
- NinjaTrader
- R Trader Pro
- Quantower
- Sierra Chart
Instruments Available at MyFundedFutures
Traders can trade various futures instruments across several exchanges, including:
- CME: ES, NQ, RTY, NKD, 6A, 6B, 6C, 6E, E7, 6J, 6S, GE, HE, LE, 6M, 6N, MES, MNQ, M2K, MBT, MET, M6E, M6A
- CBOT: YM, UB, TN, ZT, ZF, ZN, ZB, ZC, ZW, ZS, ZM, ZL, MYM
- COMEX: GC, SI, HG, MGC, SIL, PL
- NYMEX: CL, NG, QM, QG, MCL, RB, HO
How to Make Payments at MyFundedFutures Prop Firm
Payments can be made through the firm's website, with specific details provided upon signing up for an account.
Account Sizes
- $50K
- $100K
- $150K
Profit Splits in MyFundedFutures Prop Firm
- 100% profit split up to $10K
- 90% profit split after $10K
Profit Targets for MyFundedFutures Prop Firm
- Starter Plan: $3,000 for $50K account, $6,000 for $100K account, $9,000 for $150K account
- Expert Plan: $4,000 for $50K account, $8,000 for $100K account, $12,000 for $150K account
Maximum Daily Drawdown and Loss at MyFundedFutures Prop Firm
- $2,000 for $50K account
- $3,000 for $100K account
- $4,500 for $150K account
Minimum/Maximum Trading Days Required at MyFundedFutures Prop Firm
- Minimum trading day requirement: 1 day
How To Get Verified
- Choose Account Type & Size
- Take 1-step Challenge
- Get Verified
- Get Funded
Pricing for MyFundedFutures Prop Firm Challenge
- $50K Account: Starter: $100/month, Expert: $165/month
- $100K Account: Starter: $200/month, Expert: $265/month
- $150K Account: Starter: $300/month, Expert: $375/month
Commissions and Fees at MyFundedFutures Prop Firm
- CME Agricultural Futures: $5.80
- CME CBOT Commodity Futures: $5.80
- CME CBOT Equity Futures: $1.42 - $4.26
- CME CBOT Financial/Interest Rate Futures: $2.90 - $3.50
- CME COMEX Futures: $1.72 - $4.70
- CME Equity Futures: $0.92 - $4.26
- CME Foreign Exchange Futures: $1.20 - $4.80
- CME Interest Rate Futures: $4.10
- CME NYMEX Futures: $1.72 - $4.60
MyFundedFutures Prop Firm: Refund Policies
- Refunds are granted only if no trading activities have commenced after account purchase.
- Requests must be made within 14 days of purchase.
- A $75.00 USD fee applies to refunds.
Payout Schedules of MyFundedFutures Prop Firm
Payouts can be requested after 14 days and will be processed within 24 hours.
Advantages and Disadvantages
(according to Trustpilot Reviews, which are overwhelmingly positive at avr. 4.7 rating)
Positive Reviews
- Exceptional Customer Support: Quick and responsive support, with live chat assistance and effective issue resolution.
- User-Friendly Platform: Intuitive and packed with necessary trading tools, enhancing overall trading experience.
- Reliable Payouts: Consistent and timely payouts, fostering trust and reliability.
- Flexible and Transparent Rules: Clear conditions without hidden rules, promoting a trader-friendly environment.
- Educational Resources: High-quality educational materials that help traders improve their skills and outcomes.
Negative Reviews
- Slow Response Times: Delays in receiving responses and inconsistent answers from the support team.
- Payout Issues: Complaints about delayed or refused payouts, causing frustration.
- Suspected Profit Manipulation: Concerns about discrepancies in profit and loss calculations on certain platforms.
- Account Bans: Reports of accounts being banned for unclear reasons, such as using the same credit card for multiple accounts.
- Unprofessional Support: Instances of poor customer service and lack of clear communication, leading to dissatisfaction.
FAQ Section
What platforms does MyFundedFutures support?
MyFundedFutures supports Tradovate, TradingView, NinjaTrader, R Trader Pro, Quantower, and Sierra Chart.
What assets can I trade at MyFundedFutures?
You can trade a wide range of futures contracts from CME, CBOT, COMEX, and NYMEX.
Are there any withdrawal restrictions?
For Starter plans, withdrawals are capped at the max drawdown value for the first 60 days. For Expert plans, there are no withdrawal restrictions.
What is the minimum trading day requirement?
The minimum trading day requirement is set at 1 day for all account types and phases.
What is the consistency rule?
There is a 40% consistency rule during the simulated funded stage, meaning no single day's profit can exceed 40% of total profits made. This rule does not apply to Expert plans.
How do I cancel my account?
To cancel your account, email support@myfundedfutures.com. Note that cancellations result in the loss of access to all MFFU services and no refunds for prior costs.
Feel free to provide any additional details or clarify any points further, and I will integrate them into the review.