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MyFundedFutures is redefining the prop trading landscape, expertly blending extensive Forex knowledge with an innovative approach to futures trading. The firm stands out by offering a range of account types meticulously designed to meet individual trader preferences and experience levels. This approach not only personalizes the trading journey but also amplifies potential for traders to harness their distinct strategies effectively. This blend of innovation and customization makes MyFundedFutures an ideal platform for both seasoned and emerging traders in the futures market.
MyFundedFutures, despite being a newcomer to the futures market, brings a strong and respected foundation from its experience in the Forex market. Distinguishing itself as an innovative player, MyFundedFutures introduces two distinct plans specifically designed for both regular and experienced traders. This forward-thinking strategy underscores the firm’s dedication to offering a variety of tailored options for traders at various experience levels in both futures and Forex markets.
MyFundedFutures initiates the transition to Live Funded status for traders who consistently demonstrate commendable performance and maintain sound risk management practices over an extended period. This approach ensures that traders are elevated to live market conditions when they have proven their capabilities over time. It’s worth noting that Sim Funded accounts execute orders in a simulated market, while Live Funded accounts direct orders to the actual live markets.
Objectives: For Evaluation Phase
Failure:
A total of 10 accounts, including both evaluation and funded, with a maximum of 3 active simulated funded accounts per household.
Additional evaluations passed beyond the allowed limit can be placed in reserve and activated as slots become available. However, a payment for the activation fee is required within 30 days of passing the evaluation. Failure to pay within this period will result in the forfeiture of the reserved evaluation.
Starters Evaluation: Lower cost structure tailored for regular traders, featuring a scaling plan, consistency rule, and capped payouts.
Expert Evaluation:Â Higher cost structure designed to cater to experienced traders, reflecting an account that imposes no restrictions, particularly in payouts.
Daily trailing drawdown is calculated only after futures market closing time for both accounts.
The Starter plan features a flat reset cost of $100, whereas the Expert plan aligns with the monthly subscription price. With every monthly renewal for evaluation, a reset is included, allowing traders to save it for future use if not utilized.
Capped Payouts for only the Starters plan that varies depending on the account size on the first 3 payout cycle.
4th Payout Cycle is uncapped.
Keep 100% of first $10,000. 90/10 split after.Â
Minimum Payout Request is $1000.
Payout Cycle every 14 calendar days
Requirement for Payouts:
Maximum Bi-Monthly Withdrawal Limits by Account Size
$50k Account- $2000
$100k Account- $3000
$150k Account- $4500
The expert plan has no consistency rule, scaling plan, or capped payouts. Must withdraw profits only above the buffer.
$100k Static Account- $1,000
All profits above the buffer can be withdrawn.Â
Example: If you have $2,000 drawdown and $2,800 profits. Your buffer is $2,000 and the amount you can withdrawal above is $800.
Consistency Rule (MFFU 40% Starters only): At the time traders submit a withdrawal request, the balance in the account cannot consist of more than 40% of the profit balance from a single trading day. Take your highest profitable day and divide it by .4 to calculate the net profits you need to adhere to the consistency rule.
Scaling Rule (MFFU Starters only): Each trading account has a specific limit on the number of contracts you can buy or sell at once. Under a scaling plan, these maximum contract limits will increase as you accumulate net profits in your trading balance
News Trading (MFFU Not Allowed): Trading is prohibited during high-impact news events such as CPI, FOMC, and NFP. You must not be in a trade 2 minutes before and after these events.
Flipping Rule (MFFU Not Allowed): Flipping refers to the strategy of quickly entering and exiting trades within a day to manipulate the payout cycle and log a trading day.Â
Inactivity Rule for Sim Funded Accounts: To maintain the active status of your funded account, you are required to trade at least once a week on your funded account. Should you wish to take a break, please notify MFFU in advance to avoid any disruptions to your account status.
