SeacrestFunded (MyFundedFX) rules require all accounts limited by daily loss caps from 4% to 5%. News trades within 3 mins of high-impact events will trigger profit removal, unless opened 3+ hrs earlier.
18 countries, including Iran and Russia, are banned from participation.
SeacrestFunded Rule Topics
The rules set by SeacrestFunded Prop Firm are categorized into several topics.
Key Areas of SeacrestFunded Policy:
- Challenge Rules
- News Trading
- Restricted Countries
- Use of EAs
- IP Address Rules
- Overnight/Weekend Positions
- Prohibited Strategies
- Payout Rules
SeacrestFunded Challenge Rules
All challenges have limitations for profit targets and drawdowns; SeacrestFunded Evaluation Rules:
Plan | Profit Target | Daily Loss Limit | Max Loss Limit | Profit Share |
1-Step | 10% | 4% | 6% | 80% |
2-Step (Step 1) | 8% | 5% | 8% | 80% |
2-Step (Step 2) | 5% | 5% | 8% | 80% |
2-Step Max (Step 1) | 10% | 5% | 10% | 80% |
2-Step Max (Step 2) | 5% | 4% | 8% | 80% |
3-Step (Step 1) | 6% | 4% | 8% | 80% |
3-Step (Step 2) | 6% | 4% | 8% | 80% |
3-Step (Step 3) | 6% | 4% | 8% | 80% |
As you see, the profit share across all plans is the same, at 80%.
News Trading at SeacrestFunded
The firm allows news trading in challenges only; profits are removed if trades occur ±3 mins of red news, unless opened 3+ hrs earlier.
SeacrestFunded Restricted Countries
Traders from certain countries are not allowed; SeacrestFunded Banned Regions:
- Afghanistan
- Central African Republic
- Congo (Brazzaville)
- Congo (Kinshasa)
- Cuba
- Guinea-Bissau
- Iran
- Iraq
- North Korea
- Libya
- Mali
- Russian Federation
- Somalia
- South Sudan
- Sudan
- Syria
- Venezuela
- Yemen
Prohibited Strategies on SeacrestFunded
As with many prop firms, SeacrestFunded prohibits risky strategies; SeacrestFunded Forbidden Practices:
- Copy Trading (with EAs or mirrored trades)
- Reverse Trading / Group Hedging
- Account Management Services
- High-Frequency Trading (HFT)
- EAs on MT5 platform
- Gambling-style or max leverage trading
- Sharing credentials
SeacrestFunded IP Address Rule
VPNs and VPS are allowed at SeacrestFunded, but misuse for prohibited practices will result in account termination.
SeacrestFunded Positions Holding Overnight & Over the Weekends
The firm allows holding positions overnight and over the weekends with no restrictions.
Use of EAs at SeacrestFunded
The platform prohibits EAs on MT5, but allows non-EA-based copy trading.
SeacrestFunded Payout Rules
SeacrestFunded allows payout requests after 14 days, with processing times between 12 to 72 hours.
Writer’s Opinion and Conclusion
SeacrestFunded (MyFundedFX) rules limit 3 challenges with profit targets ranging from 10% to 6%. All accounts share a standard 80% profit split. MT5 EAs are prohibited, while copy trading is allowed only if it’s non-EA based.
VPNs and VPS are permitted, but misuse leads to termination. Payouts are available after 14 days, processed within 12-72 hours.
For more guidance, visit the SeacrestFunded Tutorials page.
