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.
