I recently checked out MyFundedFutures and found their setup pretty straightforward. According to their current offerings, they give traders access to funded accounts with minimal upfront costs.
Let me break down the key features I discovered:
- Starting cost of just $92 for a $50k funded account
- One-day evaluation process (much faster than most firms)
- Quick payouts after passing
- Different account types for various skill levels
The starter 50k plan caught my attention because it has reasonable targets - $3k profit goal and $2.5k maximum drawdown. I find this much more realistic than what other prop firms ask for.
They run evaluations that take just one day to complete. This means I can potentially get funded within 24 hours, instead of waiting weeks or months like with other
Account Types and Pricing
Here's what I found about their main account types and what each one offers. We'll use $50k accounts as a base/example for all.
Starter Account
The Starter Account is what I consider their entry-level option. With a $50,000 account size, it has:
- $3,000 profit target
- $2,500 maximum drawdown limit
- No Consistency rule
Starter Plus Account
The Starter Plus plans come with higher limits and profit targets. Based on my research at MyFundedFutures, this account includes:
- Max position 3 contracts
- $3,000 profit target
- $2,000 maximum drawdown limit
- No Consistency rule
Expert Account
I noticed the Expert Account seems to be built for more experienced traders and offers higher position size limits.
- Max position 5 contracts
- $4,000 profit target
- $2,000 maximum drawdown limit
Milestone Account
This is their Straight-To-Funded account. From what I've seen, the $50k includes:
- Four phases each with their own profit targets and payout limits
- $2,000 maximum drawdown limit
- 20% consistency rule (one trade must not make more than 20% of your current profit on the account)
Trading Rules and Requirements
General Trading Parameters
I've found MyFundedFutures' trading rules to be pretty straightforward. The main thing they care about is risk management - which makes sense since they're putting up real money.
- Daily loss limits vary by account type and size
- Position sizes must stay within set ranges
- No automated trading that places more than 200 trades in a day
Scalping and Trading Styles
I like that they're flexible with trading styles. Unlike some other prop firms, MyFundedFutures doesn't put strict limits on minimum trade durations. They let traders use various approaches as long as they stay within the risk parameters.
Account Activity Rules
The activity requirements are reasonable in my experience. Their rules state traders need to make at least one trade per week to keep accounts active. I find this helps maintain consistent engagement without being too demanding.
Key Activity Guidelines
- Weekly trading requirement (minimum 1 trade)
- Up to 3 simulation accounts per household
- Starter accounts: withdrawals allowed every 5 winning days
- Expert accounts: withdrawals every 14 days
Consistency Requirements
One interesting rule I've encountered is the 40% consistency rule during the funded stage. This means no single trading day can make up more than 40% of total profits. If this happens, I can't withdraw until I make more trades to bring the ratio back in line.
- Rule applies to simulated funded stage only
- Doesn't affect challenge or Expert plans
- Breaking it won't end the account
- Resets after each payout
Comparing MyFundedFutures with Major Competitors
MyFundedFutures vs TopStep
I've spent time analyzing both MyFundedFutures (MFFU) and TopStep, and there are some key differences worth noting. According to recent comparisons, TopStep has been around longer (since 2010) while MFFU started in 2022.
Pricing Breakdown
- MFFU offers lower-priced evaluation challenges
- TopStep charges more but includes more instruments
- Both firms let you retry challenges if you fail, but fees apply
Payout Rules Comparison
I find MFFU's payout rules more straightforward. Here's what I noticed:
- MFFU has simpler profit targets
- TopStep requires meeting more conditions before first payout
- MFFU's profit split stays at 80/20
- TopStep starts lower but increases over time
Payout Processing Speed
Based on my research, both firms process payments within similar timeframes:
- MFFU: 5-7 business days
- TopStep: 4-8 business days
MyFundedFutures vs Apex Trader Funding
Payout Rules
I've looked at both platforms' payout structures, and MFFU has fewer restrictions on trading styles vs Apex who still seem to have some gray area rules.
Payout Processing
- MFFU processes payments weekly
- Apex typically takes 5-10 business days
- Both use standard bank transfers and some other options.
Final Verdict on MyFundedFutures
Who Should Consider MyFundedFutures
I've noticed that MyFundedFutures works really well for new prop traders. Their starter plan costs just $92 for a $50k account, which I think is pretty reasonable for beginners testing the waters.
From my experience analyzing various prop firms, MFFU is great for traders who are tired of complex rules at other companies. I especially like how they keep things simple with:
- Clear profit targets ($3k for starter plans)
- Straightforward drawdown limits ($2.5k)
- Quick payouts (usually within minutes)
- No hidden rules or gotchas
I've found their milestone plan particularly interesting since you get paid after passing each evaluation phase. This helps with cash flow while building up to larger accounts.
Who Should Look Elsewhere
Based on my analysis of their rules, MFFU isn't ideal for everyone. Specifically, I wouldn't recommend it for traders who:
- Primarily take scalp trades under 5 points
- Need extremely high leverage from day one (unless using expert accounts)
- Can't handle the minimum $2.5k drawdown limit
I've noticed that scalpers taking very small point trades might struggle with their minimum requirements. These traders might want to check out other firms with more flexible scalping rules.
