MyFundedFutures Review

MyFundedFutures Review 2024

MyFundedFutures (MFFU) is a leading futures prop trading firm that equips aspiring, funded traders with simulated funded accounts and the software resources necessary to succeed in the futures market. Unlike most prop firms, MFFU not only grants you access to substantial capital, trading resources and risk management tools but the proprietary firm also provides traders with the expert guidance needed to navigate the complexities of the market and enhance your returns. Since its establishment in 2023, the futures prop firm has shaken up the prop trading industry with its one step evaluation, solid payout ratios, MFFU’s transparent and affordable fees, fast withdrawal and efficient customer support. In such a short amount of time, MFFU has become of the best futures trading prop firms. The company offers access to multiple cutting-edge trading platforms and the potential to manage up to $600,000 in capital. 

MyFundedFutures’s business model and operational framework mirrors that of its sister company, MyFundedFX — a leading forex prop firm empowering forex traders to access capital and tools needed to excel in the forex market. This has streamlined its evolution in the futures prop trading world. In this MyFundedFutures review, we dig deeper into the pros and cons of this new futures prop shop that keeps raising in reputation.

MFFU provides aspiring experienced and beginner futures funded traders the chance to showcase their trading skills and generate consistent profits via effective risk management while following the evaluation rules. Upon completing the challenge, the prop firm provides traders with trading capital to trade the futures market and withdraw profits of up to 90% for the trader and 10% for the prop firm. This enables traders to trade futures without risking their own capital. Traders can access up to $600,000 in funding. 

From funding amounts to account size options and trading platforms, MyFundedFutures prides itself on its transparency and commitment to aligning its funding model with the core needs of its futures trading community. The payout structure is quite lucrative and one of the best in the industry; initial profits up to $10,000 beyond the buffer zone goes to the trader, followed by a 90/10 profit split thereafter. Below is a comprehensive breakdown of the firm’s challenge account options.

MyFundedFutures Review

MFFU offers two different evaluation models, each tailored to suit various trading styles, trading objectives and financial situations, rewarding funded traders based on their performance. These accounts include the Starter Account (tailored for beginners) and Expert account (designed for professionals). Both challenges offer similar multiple account sizes of $50,000 $100,000 and $150,000. The profit target needed to pass the evaluation and access funding varies based on the account sizes chosen by the trader. Unlike its competitors, MyFundedFutures does not impose a daily loss limits; instead, there’s a maximum trailing End of Day (EOD) drawdown of 4% across the various account sizes, which locks in at the initial balance plus $100 after making the drawdown amount plus $100 in profit. The 4% Drawdown is only on the $50,000 and the $100,000 accounts, for the 150K the Drawdown is 3%.

By eliminating the Daily Drawdown Limit, MFFU enables traders to navigate the evaluation process without any difficulty. No minimum trading day means you can pass the challenge in just one trading day. In other words, you can complete the evaluation at your convenience since there are no maximum trading days. Many prop firms set a minimum number of trading days to prevent traders from fully capitalizing upon market volatility and to make it harder to pass the challenge. By eliminating the minimum trading day requirement, MFFU allows traders to seamlessly reach a simulated funded account, streamlining the evaluation process.

MFFU’s commitment to fee transparency is unparalleled. There are no hidden or surprise charges; everything is upfront. As shown in the table below, the applicable monthly fees vary based on the account sizes and across the two evaluation models. 

With the Stater plan, once you pass the challenge, you’ll pay a one-off activation fee of $149 before you receive your funded account. Suppose you breach evaluation rules. In that case, you don’t need to cancel your account and sign up again; instead, you can pay a reset fee of $100 for Starter plans (or the evaluation fee for Expert accounts) and continue the challenge. MFFU offers a free level 1 data as part of your subscription package. This data provides core market information for a specific futures contract and forms the foundation of profitable futures trading. 

MFFU limits the number of futures contracts available for each account size. These restrictions range from 5 contacts for the 50k account to 10 contacts for the 100k and 15 contracts for the 150k buying power. This limit uniformly applies to minis and micros and does not include scaling in the Expert accounts. The Starter Plan has a Scaling Plan for the contracts, starting with 2 contracts on the 50k account, then up 5 with the scaling plan. Starter Plan also incorporates a 1:10 scaling option for micros. Using the scaling contracts, you would start with 2 minis and 20 micros and scale up to 5 minis and 50 micros. Besides its commitment to transparency, the prop firm offers one of the most generous payout structure. Generaly, your initial profit is all yours up to $10,000 above the withdrawal threshold.

The withdrawal process is fast and hassle-free, and you can receive your profit in under 3 business days. The firm employs a 14-day or bi-weekly payout policy (from the date of the first trade made in the funded state), which slightly varies for each challenge option. The policy for the Starter plan requires that no withdrawal may exceed the dollar value of your max DD based on your starting balance in the first 60 days. For example, when trading the 50k account, which has a 4% drawdown, you can only withdraw a maximum of $2,000 (4% of $50,000) biweekly until 60 days pass. Afterwards, your account will qualify for uncapped withdrawal. There are no limits on withdrwals for the Expert plan. Your first $10,000 in profits is entirely yours and completely withdrawable, followed by a 90/10 profit split. 

You can seamlessly request withdrawal via the MFFU dashboard. However, before requesting withdrawal, make sure you have reached your first payout on your funded account and completed the KYC process. The minimum withdrawal amount is $1,000, and the prop firm processes payments via RiseWorks. In line with its commitment to transparency and fairness, MyFundedFutures can refund your subscription money if you change your mind within 14 days of purchasing an account, given you don’t initiate any trading activities on the account after purchasing. The refund equals the amount you paid minus $75, covering non-refundable costs.

Suppose you’re just beginning in futures markets. In that case, consider the Starter Account. On top of being the cheaper option it also offers a lower profit target across the three account sizes. These targets vary from $3,000 for the 50k account to $6,000 for the 100k account and $9,000 for the 150k. In comparison, the profit targets for the Expert account vary from $4,000 for the 50k account to $8,000 for the 100k account and $12,000 for the 150k account.

The Expert account also unlocks unlimited withdrawal potential every 14 days and no activation fee which makes it considerably more popular. As for the Starter plan, it offers 10:1 micro mini scaling. However, unlike the Expert plan, The starter requires an activation fee to access your funding upon completing the challenge. Your bi-weekly profit share is also capped until after the first 2 months. Keep in mind there are consistency and scaling rules that you must abide by upon starting the simulated funded phase of the Starter account. The 40% consistency rules stipulate that the profits you generate from a single trading day must not equal or exceed 40% of your total overall profit. Although breaching the consistency rule does not lead to account termination, but you cannot withdraw profits. 

Note that MFFU offers a valuable benefit: the consistency rule resets after each payout. Therefore the highest profit day is only applicable to the current payout. The scaling rules does not allow you to open more contracts than the specified amount according to your End Of Day balance. MyFundedFutures’s Expert account plan requires no activation fee, consistency rules or scaling. It is ideal for more experienced traders or those accomplished in the complexity of the futures markets and seeking more flexibility and sophisticated features.

MyFundedFutures is the leading trading evaluation platform in the industry. The 30K Static Account offers traders a fixed drawdown that never changes, allowing full payouts after 60 days (minus $1) without losing the account. This unique feature is designed for traders’ benefit.

Types of Accounts in the 30K Static Evaluation Plan

  • 30K Static Evaluation Pro Account
  • 30K Static Evaluation Standard Account

30K Static Pro Account The 30K Static Pro version is now available. This account maintains a maximum static drawdown of $2500, providing traders with greater confidence during both the evaluation and Sim Funded stages.

  • Profit Target: $4200
  • Contracts: Up to 2 mini contracts and 20 micro contracts
  • Consistency Rule: None during Sim Funded stages
  • Withdrawal Cap: $2500 for the first 60 days
  • Payout Frequency: Every 14 days
     

30K Static Standard Account The Standard Static Account has been enhanced to better support traders.

  • Profit Target: $2500
  • Static Drawdown: $1500
  • Contracts: Up to 1 mini and 10 micro contracts

These changes ensure traders are not limited by an end-of-day drawdown. The adjustments facilitate successful evaluation completion and a smooth transition to live accounts.

  • Consistency Rule: None during Sim Funded stages
  • Withdrawal Cap: $1500 for the first 60 days
  • Payout Frequency: Every 14 days

Why Choose the Static Account?

The Static Account offers the best growth potential in the industry. By trading conservatively to build a buffer, traders unlock compounding potential. With a fixed drawdown, traders can stay in the market longer without worrying about trailing drawdowns.

Keeping Payouts in Your Pocket

Static Accounts are designed for traders transitioning to Sim Funded accounts. Once traders reach Sim Funded status, they don’t need to worry about buffers or consistency rules. Traders can trade $1000 for 14 days and then be eligible for payouts.

Features of the 30K Static Account

  • No Consistency Rules: Traders can trade freely with the allowed lot size when their setup forms.
  • No Payout Restrictions After 60 Days: For the first 60 days, there is a payout cap, but afterward, traders can withdraw the full amount, leaving only $1.
  • No Activation Fees: No activation fee is required. Once the funding team reviews the account, trading can commence.

30K Static Account Pro and Standard – Feature Comparison

Feature

30K Static Pro

30K Static Standard

Profit Target

$4200

$2500

Static Drawdown

$2500

$1500

Contracts

2 minis / 20 micros

1 mini / 10 micros

Payout

$2500 every 14 days after 60-day cap removed

$1500 every 14 days after 60-day cap removed

Activation Fees

None

None

Profit to Drawdown Ratio

8% DD / 14% Profit Target

5% DD / 8% Profit Target

Pricing

$500/month

$300/month


Permitted Products and Trading Times

Traders can trade the same products and times as other accounts in the program.

Explanation of Drawdown

Day

PNL

Drawdown

Maximum Drawdown

Account Balance

1

$200

$1700

$28,500

$30,200

2

$700

$2400

$28,500

$30,900

3

-$500

$1900

$28,500

$30,400

4

$1000

$2900

$28,500

$31,400

This table illustrates the trading conditions of the Static Account, showing how momentum is rewarded and how manageable drawdowns are during challenging periods.

MFFU offers multiple trading platforms to accommodate all type of traders with diverse preferences and requirements. The available options include TradingView, NinjaTrader, R | Trader Pro, Tradovate, Quantower and Sierra Chart. NinjaTrader is a top choice for beginners and seasoned futures traders, thanks to its flexibility, compatibility, user-friendly interface and a host of powerful tools. Overall, MFFU’s wide-ranging options of trading platforms ensures traders find the ideal platform that aligns with their trading goals and level of experience. These platforms are compatible with and seamlessly integrate with a variety of third-party trading platforms. MFFU even provides detailed guidelines on downloading and installing some of the platforms in the MyFundedFutures FAQ section. 

MyFundedFutures prop firm offers access to a wide range of futures tradable assets from globally renowned exchanges or clearing houses. For instance, you can access over 20 futures trading contracts on the Chicago Mercantile Exchange (CME). These include popular options like E-mini S&P 500 (ES), Nikkei 225 (NKD), E-mini Nasdaq 100 (NQ), Micro E-mini S&P 500 (MES) and Euro FX (6E). The prop firm grants you access multiple significant futures contracts, including the E-mini Dow Jones Industrial Average on the Chicago Board of Trade (CBOT), seveval contracts on Commodity Exchange, Inc. (COMEX) and some futures contracts on the New York Mercantile Exchange (NYMEX). MFFU also offers a diversity of futures contracts across these exchanges from energy, metals, treasury bonds, forex and cryptocurrency futures. This impressive selection of tradeable assets enhances flexibility in the choice for beginners and professional futures traders. 

MFFU offers an efficient customer support across multiple channels. The LiveChat at the bottom right of the prop firm’s website is your go-to channel for immediate account-related support. It has been tailored to address all account-specific issues, from payment to account access and trading platforms. On the other hand, you should consider MFFU’s Discord channel for answers to questions regarding trading plans, platform functionalities, general guidance on futures trading and more. MFFU’s Discord community is a versatile platform facilitating knowledgeable interaction with a MFFU team and like-minded futures traders.

MFFU provides several resources to assist you in your trading journey Intercom FAQ Help Desk. This section contains a valuable information of frequently asked questions with comprehensive answers, making it an excellent self-service resource for troubleshooting common issues. It offers you quick solutions to diverse inquiries and saves time by ensuring you have direct access to relevant information when you need it. So, always consider checking the FAQ before seeking answers in other support channels. Lastly, the prop firm has built an excellent reputation, at the time of writing this review on March 24, 2024, the MyFundedFutures Trustpilot shows an impressive Trustscore on of 4.9/5 from over 350 reviewers. Reviews are overwhelmingly positive, reflecting a fantastic customer service experience and great product offerings. 

MyFundedFutures is a futures proprietary trading firm and not a brokerage firm, no other asset classes are being offered or traded, therefore, it does not require regulation or licensing by financial regulators to operate. Its trading platforms are provided by major financial technology companies, each with rules and regulations governing the protection of users’ data and funds. The firm strictly follows KYC procedures (Know Your Customer ) in customers’ identity verification to mitigate the risk of identity fraud and illicit activities.

To eliminate possible unauthorized access to customers’ data in transit and at rest, state-of-the-art encryption protocols are being employed by MFFU. Although the prop firm collects your personally identifiable information during registration and account setup, it is solely utilized for enhanced service delivery and marketing purposes. MyFundedFutures will not share or sell your data to third parties unless required by law or given consent to do so. You can carefully review the privacy policies for further clarification on how the prop firm handles data.

MyFundedFutures has become a leading player in the future prop trading industry, excelling in all aspects, including user experience. Its multiple evaluation plans, account sizes and trading platforms make it accessible to futures traders with diverse trading styles, goals, risk management strategies and financial situations. The potential to choose from multiple account options enhances flexibility and boosts user experience. With MFFU, you already know what you will pay upfront — there are no charges or hidden fees. This unparalleled commitment to price transparency reinforces trust among its community of future traders. 

Signing up is quite simple, and you can quickly get funded by progressing through the 1-step evaluation — initial evaluation, simulated funding and finally the the live funded phase. The first stage uses virtual accounts to test your trading skills, risk management strategies, profit-earning consistency and adherence to the trading rules implemented. The simulated funded stage tests the consistency of your trading strategies, while enabling users to achieve profits and payouts. 

The live-funded option involves real capital and is the pinnacle of your futures trading with MyFundedFutures. Since it involves real-world trading scenarios, it requires managing your emotions and leveraging advanced strategies for long-term trading success. This meticulously tailored approach to funding prepares you for quick success in the futures markets. Additionally, the prop firm offers one of the most generous payouts to traders. Moreover, MFFU’s efficient 24/7 customer support further enhances the user experience.

MFFU prop firm has many competitors, including industry leaders Topstep and Apex Trader Funding. Each of these futures prop firms streamlines fund accessibility for undercapitalized futures funded traders, enabling them to excel in the futures market. Like MFFU, these prop firms grant you access to cutting-edge trading platforms and comprehensive futures contracts as well as offering lucrative payout structures. However, MFFU beats these firms in a few aspects, such as uncapped withdrawals on Expert plan, one-day minimum trading requirements, excellent trailing max drawdown, and no daily loss limit. Overall, MFFU stands out as one of the best choices for futures traders of diverse experience levels and risk tolerances because of its relaxed evaluation rules and competitive profit sharing.

  • Topstep

Get Started with Topstep

BEST FOR:

Traders who require educational resources to improve their trading skills.

Read our comprehensive Topstep Review 2024

  • Apex Trader Funding

Get Started with Apex Trader

BEST FOR:

Beginner Future Traders

Read our comprehensive Apex Trader Funding Review 2024

MyFundedFutures – BEST FOR:

  • Undercapitalized and beginner futures investors or traders seeking substantial trading capital and necessary resources to kickstart a funded futures trading career
  • Experienced and seasoned futures traders seeking accessible capital to optimize their futures trading strategies and maximize earnings
  • Futures prop traders looking to take advantage of prop firms offering multiple sophisticated trading platforms, straightforward one-step evaluation without mininum trading days, free access to level 1 data and generous profit split and payouts structure
  • Lucrative profit split of 90/10 — initial profits up to $10,000 is entirely yours, followed by a generous 90% profit share thereafter
  • Flexible account size options up to $150,000
  • Straightforward 1-Step evaluations with relaxed rules, including no minor max trading days and no daily loss limit
  • Transparent pricing, including activation and reset fees — unlike other prop firms, there are no hidden fees
  • Flexible evaluation timeframe — no deadline means no pressures and anxiety during the challenge
  • 24/7 and efficient customer support via multiple channels
  • Multiple sophisticaed trading platforms
  • Access to a wide range of futures tradable assets, including CME, CBOT, COMEX and NYMEX
  • No scaling and consistency rules for the Expert account with full autonomy in your trading
  • Low all-in costs for traders
  • Offering future only
  • High fees upfront, including activation fees and reset fees
  • Does not offer educational contents
  • Consistency and scaling rules on the Starter plan can be restrictive
  • It does not support EA, automated trading strategies or copy trading

MyFundedFutures has become one of the best futures trading prop firms and is definetely worth considering if you’re a beginner or seasonal futures trader seeking to obtain substantial capital to achieve your financial independence in the futures market. The prop firm offers impressive features, including the 1-Step evaluation program with no daily loss limit and minimum or maximum trading days, which makes it an attractive choice for all aspiring futures funded traders. MFFU also offers a generous profit share of 90%, enabling traders to retain a considerable amount of hard earned money while enhancing the overall user experience. 

Its honest commitment to straightforward pricing structure and funding program transparency has brought a certain amount of trust within its trading community over time. The futures prop firm’s excellent customer service means your questions and concerns are addressed promptly and professionally. Additionally, MyFundedFutures highly prioritizes data security and risk management, therefore ensuring a safe trading environment for its users.

To conclude, we are impressed by the level of professionalism from the team at MFFU, in less than a year the prop firm has been able to climb the latter and become a leader in the futures prop trading industry, now seating with the likes of Topstep and Apex Trader Funding leading the space.

Traders from the following countries are not accepted at MyFundedFutures:

  • Afghanistan
  • Albania
  • Algeria
  • Angola
  • Bahamas
  • Barbados
  • Belarus
  • Bosnia and Herzegovina
  • Botswana
  • Bulgaria
  • Burma
  • Burundi
  • Cambodia
  • Central African Republic
  • Crimea
  • Croatia
  • Cuba
  • Cote D`Ivoire (Ivory Coast)
  • Democratic Republic of Congo
  • Ecuador
  • Ethiopia
  • Ghana
  • Iceland
  • Indonesia
  • Iran
  • Iraq
  • Jamaica
  • Kosovo
  • Laos
  • Lebanon
  • Liberia
  • Libya
  • Mauritius
  • Mongolia
  • Montenegro
  • North Korea
  • Pakistan
  • Panama
  • Papua New Guinea
  • Nicaragua
  • Russia
  • Serbia
  • Slovenia
  • Somalia
  • South Sudan
  • Sri Lanka
  • Sudan
  • Syria
  • Tunisia
  • Trinidad and Tobago
  • Uganda
  • Ukraine
  • Venezuela
  • Vietnam
  • Yemen
  • Zimbabwe

“EOD Trailing Drawdown” is a term used in trading to describe a method of measuring drawdown, which refers to the peak-to-trough decline in the value of a trading account or investment portfolio.

Example of EOD Trailing Drawdown

If you start the day at $50,000, your trailing drawdown will only increase if you end the day above the $50,000 mark. At the end of the day, your minimum account balance will increase. Otherwise, the minimum balance will remain the same.

  • CME: ES, NQ, RTY, NKD, 6A, 6B, 6C, 6E, E7, 6J, 6S, GE, HE, LE, 6M, 6N, MES, MNQ, M2K, MBT, MET, M6E, M6A
  • CBOT: YM, UB, TN, ZT, ZF, ZN, ZB, ZC, ZW, ZS, ZM, ZL, MYM
  • COMEX: GC, SI, HG, MGC, SIL, PL
  • NYMEX: CL, NG, QM, QG, MCL, RB, HO

Yes, you can have a maximum of 10 active accounts at once.

If you have failed the evaluation for an account, that account will not be counted towards your maximum number of accounts.

For example, if you have 10 accounts and you fail one of them, you can still open another account.

Starter Plan

For the first 45 days, no withdrawal may exceed the dollar value of your max drawdown based on your starting balance. This means that a $50,000 account with a 4% max drawdown is only eligible to withdraw $2,000 after every 14 days. After the first 45 days, that account is eligible for uncapped payouts. Typically, most firms have a 90 day period where they cap withdrawals based on your drawdown. We have slashed that in half.

Expert

There are no withdrawal restrictions on Expert plans.

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