My Funded Futures is a futures-trading prop firm established in 2023. This relatively new firm offers benefits such as up to $10,000 payout for the initial profit, weekly payments, etc. Does it provide decent quality services, though?
In this My Funded Futures review, we will delve deep into the firm's details for users.
Company Information Overview
My Funded Futures is a prop trading firm founded in November 2023 and headquartered in Delaware, USA. This newcomer has quickly established itself as a formidable option for traders seeking funded accounts.
My Funded Futures stands out for its trader-friendly policies, including no daily loss limits for some accounts and positions allowed to be held overnight.
Summary of Specifications
At this section, we will have an overall look at the key specifics of the mentioned company. My Funded Futures Specifications Table:
Account Currency | USD |
Minimum Price | $48 |
Maximum Leverage | 1:1 |
Maximum Profit Split | 100% Up to $10K for the Initial Profit 90% for Next Profits |
Instruments | Futures |
Assets | Not Specified |
Evaluation Steps | 1 |
Withdrawal Methods | Riseworks |
Maximum Fund Size | $150K |
First Profit Target | 6% |
Max. Daily Loss | 2.4% for Starter 0% for Expert |
Challenge Time Limit | None |
News Trading | Prohibited |
Maximum Total Drawdown | From 3% |
Trading Platforms | NinjaTrader, Tradovate, TradingView, R | Trader Pro, Quantower, Sierra Chart |
Commission Per Round Lot | From $1.2 |
Trustpilot Score | 4.5/5 |
Payout Frequency | Bi-weekly |
Established Country | United States |
Established Year | 2023 |
Significant Pros and Cons
When considering My Funded Futures as your prop firm of choice, it's essential to weigh the advantages and disadvantages:
Pros | Cons |
Single-Step Evaluation Process Simplifies Qualification | Limited Track Record As A New Firm |
No Daily Loss Limits On Expert Plans | Automated Trading (EAs/Bots) is Prohibited. |
Rapid Payout Processing | |
Competitive Profit Split | |
Wide Range Of Futures Markets Available |
An Overview of the Funding & Price on the My Funded Futures
The mentioned company offers a limited range of account sizes compared to the other prop firms. Here's an overview of their funding options:
- Fundings: from $50,000 to $150,000
- Price: From $48 to $375 (Monthly fee)
As mentioned above, the firm charges traders a monthly fee, not an entry price. The fee is higher on expert plans.
Step-by-Step Tutorial on Account Registration & Verification
Getting started with My Funded Futures is a simple process designed to get traders up and running quickly. Here's a step-by-step guide to account registration:
- Visit the My Funded Futures website and click the "Get Funded" button;
- Fill out the registration form with your personal information and create a password;
- Check the boxes below the form, then click "Next";
- Complete your identity information by entering your full name, location details, and phone number, then click "Submit".
Now, you have opened your account on the My Funded Futures. Complete the KYC (Know Your Customer) verification process by submitting the required documents.
Evaluation Phases
This prop firm takes only 1 step for traders' evaluation. Here's an overview of their evaluation phase:
| - | $50,000 Account | $100,000 Account | $150,000 Account | |||
Starter | Expert | Starter | Expert | Starter | Expert | |
Monthly Fee | $48 (on Discount) | $165 | $90 (on Discount) | $265 | $132 (on Discount) | $375 |
Profit Target | 6% | 8% | 6% | 8% | 6% | 8% |
Max. Daily Loss | 2.4% | None | 2.4% | None | 2.4% | None |
Trailing Max. Drawdown | 5% | 4% | 3.5% | 3% | 3.3% | 3% |
Reset Fee | $80 | $165 | $150 | $265 | $220 | $375 |
Does My Funded Futures Offer Any Bonuses And Promotions?
Currently, this prop firm does not offer any specific bonuses and promotions like those provided by Forex brokers. However, there are discount codes available:
- 40% off on Starter accounts with [SEP40]
- 10% off on reset fees for Starter plans with [ICT]
Note that the second one is unofficial, so it might not necessarily work. Check the official and third-party websites and resources to get the latest promo codes.
Trading Platforms
My Funded Futures supports several popular trading platforms, catering to different trader preferences and styles. In this section, we will have a look at each one:
NinjaTrader:
- Advanced charting and analysis tools
- Customizable interface
- Ideal for experienced futures traders
Tradovate:
- Cloud-based platform
- User-friendly interface
- Suits traders looking for simplicity
TradingView:
- Comprehensive charting capabilities
- Various visual tools
- A large community of traders and analysts
Other Supported Platforms:
- R | Trader Pro
- Quantower
- Sierra Chart
My Funded Futures ensures that traders can access robust, reliable platforms that can accommodate various trading strategies and preferences in the futures market.
Tradable Markets and Symbols
My Funded Futures offers a diverse range of tradable futures markets across major exchanges. Here's an overview of the important assets:
CME (Chicago Mercantile Exchange):
- E-mini S&P 500 (ES)
- E-mini Nasdaq-100 (NQ)
- Euro FX (6E)
CBOT (Chicago Board of Trade):
- 10 Year T-Note (ZN)
- Corn (ZC)
- Soybeans (ZS)
COMEX (Commodity Exchange):
- Gold (GC)
- Silver (SI)
- Copper (HG)
NYMEX (New York Mercantile Exchange):
- Crude Oil (CL)
- Natural Gas (NG)
- Heating Oil (HO)
My Funded Futures Prop Firm Payment Options Overview
This company has taken a typical approach to payouts. Actually, My Funded Futures works with Riseworks to process payouts. Options via Rise include:
- Crypto transfers;
- Bank wire;
- ACH payments.
Commission & Fees in Trading
My Funded Futures operates on a commission-based model for futures trading. The costs vary based on the trading asset, but it starts from $0.56 per side.
Regarding inactivity fees, there've been no reports.
Educational Resources on My Funded Futures
The firm focuses primarily on providing trading capital and infrastructure, so they do not offer extensive resources for educational purposes. However, they offer these types of content:
- FAQ Section: Comprehensive answers to common questions about the evaluation process, rules, and account management
- YouTube Channel: Videos related to trading and financial markets
How Does My Funded Futures Perform in Terms of Trust Scores?
Trust is crucial in the prop trading industry, and the mentioned firm has worked to establish a positive reputation. In this section, we will review the company's score on the Trustpilot:
- 4.5/5 stars
- More than 790 reviews
- Over 85% of the scores are 5-star
While My Funded Futures is a relatively new firm, their commitment to trader satisfaction has helped build trust within the trading community. As with any financial service, traders are encouraged to conduct their own due diligence.
Customer Support Services
My Funded Futures does not provide a dedicated support section on the website for unregistered users, and the only parts you can access is the live chat button and FAQ section.
This can be a drawback for the firm. They haven't even provided an email address for the support department in a clear form; we found it in the help center [support@myfundedfutures.com]. However, they claim the team is available 24/7.
Social Media Channels and Pages
My Funded Futures tries to post updates on various social media platforms to engage with traders and share valuable information. Social Pages:
- X (Formerly Twitter): https://x.com/MyFundedFutures
- LinkedIn: https://www.linkedin.com/company/myfundedfutures
- Instagram: https://www.instagram.com/myfundedfutures
- YouTube: https://www.youtube.com/@MyFundedFuturesPropFirm
- Discord: https://discord.gg/d7tUceuxg8
Expert Opinion
My Funded Futures is a prop firm for futures trading operating since 2023, but with a good reputation. It provides payouts up to 100% for initial profits, and access to various trading platforms such as TradingView.
However, there are drawbacks for this firm, which might disappoint some users. For example, it does not allow news trading, and you need to pay monthly fees for challenges. Overall, it's a suitable one if you are okay with those cons.
