My Funded Futures
Founded in 2023 • USA
MyFundedFutures stands out from other firms with NO Trailing Drawdown in both evaluation and funded accounts. Offering different accounts with various rule flexibilities is also a huge benefit of MyFundedFutures. The Expert Account boasts a unique One Day passing feature, and there are no scaling rules in place, further setting them apart in the prop firm landscape.
Our Opinion
MyFundedFutures sets itself apart with some of the most trader-friendly rules in the industry. For those seeking reliable and flexible funding, it’s a top-tier choice. What truly differentiates MyFundedFutures is its unique approach—allowing traders to select account types that align with their individual trading styles. Unlike most firms that apply one-size-fits-all rules, this platform offers true customization. By tailoring the funding process to suit various strategies and preferences, MyFundedFutures empowers traders to perform at their best in an environment designed for success.
Key Features
- ✓One-step evaluation with no second phase or hidden steps
- ✓Seamless transition to a Sim Funded Account after qualification
- ✓Real payouts begin at $1000 net profit
Pros and Cons
Pros
- ✓One-step evaluation with no time limit
- ✓100% profit split on the first $10000
- ✓fast payouts
- ✓sometimes within 6 to 12 hours
- ✓no minimum trading days required
- ✓no daily drawdown on the Expert plan
- ✓supports multiple platforms like NinjaTrader and TradingView
- ✓news trading and EAs are allowed
- ✓rules are simple fair and transparent
- ✓monthly fees are affordable
- ✓responsive support and active trader community.
Cons
- ✗Overnight and weekend holding is not allowed
- ✗No free trial option available
- ✗No scaling plan for funded traders
- ✗Reset fees can be high for larger accounts
Quick Stats
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Available Products
| Product | Acct Size | Contracts | Profit Target | Trailing Threshold | Price | Activation Fee | Total True Cost | |
|---|---|---|---|---|---|---|---|---|
Starter 50k | $50,000 | 3 | $3,000 | $2,500 | $97 | - | $97 | View Details |
Trading Rules
Consistency
There is no consistency rule on the challenge phase. However in the simulated funded stage there is a 40% consistency rule. Also there is no Consistency rule on the Expert plans
The simulated market, while a robust and close approximation of live trading conditions, isn’t without its disparities. At MyFundedFutures (MFFU), we recognize the challenges this presents to our platform, our funding partners, and most importantly, our traders. Ensuring a fair, transparent, and equitable trading environment is paramount to us, and as such, we've established policies to safeguard against practices that exploit the simulated environment or misalign with ethical trading.
Understanding the Simulated Market Challenges
Certain trading strategies may exploit the simulated fill algorithm, performing well in the evaluation stage but inevitably resulting in losses when transitioned to live markets. A small subset of traders, either inadvertently or with the intent to manipulate the system, engage in these strategies, which are strictly prohibited at MFFU.
Section 1: Automated Trading Protocols
In the realm of automated trading, MFFU enforces stringent guidelines to maintain a fair and transparent trading environment:
● Automated Scalping: The platform restricts the use of automated systems designed for ultra-high-frequency scalping, particularly those resulting in over 200 trades per day.
● Automated Tools: The use of AI, bots, and other automated trading mechanisms is strictly prohibited across all account types. This includes Third Party Automation. More details on Third Party Automation below.
● Semi-Automated Trading: This is permissible under the condition that traders actively monitor, manually manage, and understand the system and semi-automation's purpose.
● Automated Behavior: Any form of hands-off, continuous day and night trading, or any other type of full automation is strictly forbidden.
"Third party automation" in futures trading refers to a situation where a trader uses a separate, external software or service provider to automate their futures trading strategies, rather than relying solely on the trading platform provided by their broker; essentially, a third-party company manages the execution of their trading orders based on predefined rules and parameters set by the trader. Example of a prohibited third-party automation tools is SignalStack.
Section 2: Order Management and Market Conduct
MFFU emphasizes ethical trading practices and order management to ensure a stable and reliable trading environment:
● Order Placement: Simultaneously placing multiple limit orders at the same price to manipulate order fills is prohibited.
● Gapped or Illiquid Market Trading: Initiating trades to profit from isolated fills in these markets is not allowed.
● Slippage and Bracket Usage: Exploiting the absence of slippage and utilizing tight brackets to gain from favorable fills are not permitted.
● Tier 1 Economic Data Trading: Engaging in trades during tier 1 economic data releases is restricted.
● Compliance with CME Group Rules: All trading activities must adhere to CME Group's rules and regulations.
● Collaborative Trading: Collaborating with others to execute identical or opposite strategies across unconnected accounts is prohibited.
Section 3: Termination Policies and Violation Consequences
MFFU holds the right to enforce strict consequences in the event of policy violation:
● Termination: MFFU reserves the right to terminate agreements immediately in the event of any breach by the trader.
● Profit Confiscation: Profits generated from prohibited trading practices will be confiscated.
● Evaluation Review: All passed evaluations are subject to review, and traders found guilty of policy ignorance or abuse will not be funded and may not be eligible for refunds.
Section 4: Device Sharing & Copy-Trading other Traders Each individual trader is required to maintain their own individual trading activity. Meaning, entering, exiting and cancelling their own trade executions. Traders are not permitted to copy trade one another by entering, exiting or cancelling trade positions. Each individual trader may not use the same device (tablet, phone or computer) as used by another trader. If this is not respected, then it could lead to permament restrictions from using our services
Commitment to Ethical and Fair Trading
At MFFU, we deeply value your adherence to these guidelines as we collectively navigate towards a prosperous trading future. Our policies are crafted to protect traders and the firm, ensuring a viable and supportive platform for authentic trading skill development. We encourage all our traders to trade ethically, respecting the guidelines and the platform, to create a sustainable and profitable trading environment for all.
Prohibited News Trading Activities
Engage in your trading activities mindfully, especially during news releases. The following activities are strictly prohibited:
● Utilizing strategies that exploit immediate news bursts, such as straddles or strangles.
● Masking news trades as standard strategies.
These prohibitions are in effect for all news releases.
Standard Trading Protocols
Maintain the integrity of your trading by:
● Sticking to your regular trading system during news intervals.
● Initiating trades based on standard entry rules.
● Ensuring no open positions or orders are active in the order book 2 minutes before and after any data release.
These protocols apply to all news releases.