MyFundedFX Review 2025 – Is MyFundedFX Worth It?
MyFundedFX is a fast-growing prop firm known for its flexible evaluation rules, trader-friendly drawdown system, and competitive pricing. With a maximum funding of $200,000 per account and one of the simplest rule structures in the industry, MyFundedFX appeals to both beginners and experienced traders looking for consistent payouts and reliability.
MyFundedFX Quick Facts
Essential details about MyFundedFX’s evaluation programs and trading environment.
MyFundedFX Challenge Rules
MyFundedFX offers both fast-track and multi-phase evaluations with flexible rules and no hidden restrictions.
2-Step Evaluation
- Phase 1 Profit Target: 8%
- Phase 2 Profit Target: 5%
- Max Daily Drawdown: 5%
- Max Overall Drawdown: 10%
- Minimum Trading Days: 3 per phase
- Time Limit: Unlimited
- News Trading: Allowed
- EA / Bots: Allowed (no HFT/latency arbitrage)
1-Step Evaluation
- Profit Target: 10%
- Daily Drawdown: 5%
- Total Drawdown: 8%
- Minimum Trading Days: 3
- Time Limit: Unlimited
- Swing, Hedging, Overnight Holding: Allowed
Trader Career Program (3-Step)
- Phase 1 Profit Target: 7%
- Phase 2 Profit Target: 5%
- Phase 3 Profit Target: 5%
- Daily Drawdown: 5%
- Total Drawdown: 10%
- Time Limit: No deadline
Funded Account Rules
- Profit Split: Up to 90%
- Payouts: Weekly or bi-weekly
- Scaling Plan: Available
- Leverage: Up to 1:100
- Weekend Holding: Allowed
Pricing & Account Sizes
MyFundedFX is known for having some of the most affordable evaluation fees among major prop firms.
| Account Size | Evaluation Fee | Refundable? |
|---|---|---|
| $10,000 | $74 | No |
| $25,000 | $139 | No |
| $50,000 | $259 | No |
| $100,000 | $499 | No |
| $200,000 | $899 | No |
Pros & Cons
A quick summary of MyFundedFX’s strengths and limitations.
Pros
- Unlimited time for all challenge phases
- Flexible rules including news, swing, and overnight trading
- Low evaluation fees compared to competitors
- Supports MT4, MT5, and TradeLocker platforms
- Weekly payouts for funded traders
- 1-Step, 2-Step, and 3-Step programs available
- Beginner-friendly risk parameters
Cons
- No instant funding option
- Overall drawdown on 1-Step accounts is static (8%)
- Lower maximum funding compared to top-tier firms
- Fees are non-refundable
- Relatively new compared to older industry firms
Who Is MyFundedFX Best For?
MyFundedFX is well-suited for traders who value flexibility, affordability, and no hard time limits.
Swing & Position Traders
Unlimited time and allowed overnight holding make MyFundedFX ideal for longer-term strategies.
Newer Prop Firm Traders
Low fees and simple drawdown rules create a beginner-friendly environment for first-time challenge takers.
Robot / EA Traders
Automated trading is fully supported as long as it avoids prohibited high-frequency techniques.
Risk-Managed Day Traders
The 5% daily drawdown structure fits disciplined intraday traders who focus on consistency.