MyFundedFX review 2026: Final 2-Step model had 8% / 5% targets; prop business closed February 2026
MyFundedFX was a Dallas, United States-based proprietary trading firm founded in 2022 and later rebranded as SeacrestFunded. Its final program offered 1-Step, 2-Step and 3-Step simulated evaluations, including a 2-Step model with 8% / 5% targets and 5% daily / 8% static overall drawdown. The prop business closed on February 6, 2026, with eligible refunds and final payouts claimable through February 28, 2026.
What is MyFundedFX?
MyFundedFX was a Dallas, United States-based proprietary trading firm founded in 2022. MyFunded Capital LTD is identified as the company behind the challenge content. Its program used paid evaluations followed by a funded simulated account, meaning successful traders traded demo capital under payout rules. The final product mix included 1-Step, 2-Step, and 3-Step challenges, with the 2-Step model using 8 percent / 5 percent profit targets.
The firm later operated under the SeacrestFunded identity as its business moved toward Seacrest Markets. Current challenge pricing and account-size ladders are no longer active data because the prop operation closed. Historical terms therefore describe a discontinued product, not an offer available for purchase in September 2026.
What happened to MyFundedFX?
The prop trading business closed on February 6, 2026, after traders received a closure communication dated February 4. The official closure process stated that open prop positions and accounts would be closed at 12:00 p.m. GMT on February 6. Eligible traders could request final payouts or challenge-fee refunds through February 28, 2026. The firm stated that qualifying requests would be processed within 30 days.
The closure record matters more than the old challenge specifications. MyFundedFX no longer sells evaluations, and the later Seacrest Markets site states that the brokerage is also no longer operating. No current purchase page, active prop dashboard, or new funded-account pathway should be inferred from historical review pages.
What trading platforms did the firm offer?
The final platform list includes MT5 (MetaTrader 5) and Match-Trader. MT5 support is historical rather than current because the prop business has closed. The MetaTrader status is not verified, with the license status recorded as “Not Available.” No active MetaQuotes server tied to the closed prop program was verified after the February 2024 platform disruption across the sector.
This distinction separates historical access from current availability. A platform name in an archived challenge review does not prove that a live server, license, or account-opening route still exists today.
Red flags and warning signs
The main risk signal is the closed operating status, not a hidden trading rule. Challenge purchases stopped, prop accounts closed, and the claim window ended on February 28, 2026. The firm also lacked a disclosed sponsor broker, meaning the named execution venue behind funded-account order routing was not verified. A public aggregate payout counter and a current payout-proof page were also not verified.
- Prop operations ceased on February 6, 2026.
- The refund and final-payout claim deadline was February 28, 2026.
- The sponsor broker remained not disclosed.
- No current public total-paid counter was verified.
- The user-review aggregate became unavailable after reviews were removed for policy breaches.
What did a challenge cost?
The current challenge fee is N/A because the firm no longer sells challenges. FXSharp deliberately leaves both minimum and maximum challenge prices unavailable rather than presenting stale promotional pricing as current. That treatment is significant because prop firms frequently changed fees and discounts while active. A historical price is not a valid September 2026 purchase price when the product itself is discontinued.
The old evaluation structure is still useful for understanding the product. The headline 2-Step challenge used an 8 percent first-phase target and a 5 percent second-phase target. The account had a 5 percent daily loss limit and an 8 percent overall loss limit.
Has MyFundedFX been investigated by regulators?
FXSharp found no regulator civil action or warning against the MyFundedFX prop program. Prop firms are not licensed broker-dealers simply because they sell evaluation challenges. The later Seacrest Markets brokerage stated that Seacrest Markets (PTY) Ltd held FSP 53315 from the FSCA (South Africa's Financial Sector Conduct Authority). That brokerage license did not convert the earlier prop challenge into a regulated investment account.
The distinction matters for consumer expectations. MyFundedFX traders used simulated evaluation and funded accounts, so broker-style client-money protection was not part of the prop model. FXSharp still classifies the prop business as unregulated.
What do traders say about payouts?
The current community signal cannot be scored from a live aggregate rating because that aggregate is unavailable. FXSharp notes that reviews were removed for policy breaches, so it assigns the community score 0.0 rather than guessing. That does not prove a mass payout-refusal event. It means the required aggregate evidence is not available for a positive score under the stated rubric.
The closure process did publish a final payout route for funded traders. Eligible funded traders could request their final balances until February 28, 2026, with processing stated at up to 30 days. FXSharp found no audited wind-down report or current public payout-proof page.
How to verify the firm's claims for yourself
Verification starts with the operating status, then moves to the legal and platform records. Historical marketing pages should not override a current closure notice. A practical verification sequence is:
- Check the official MyFundedFX or Seacrest domain for current operating status.
- Search the stated brokerage entity and FSP 53315 in the relevant regulator register.
- Separate the brokerage license from the discontinued prop challenge business.
- Verify any MT5 claim against a current MetaQuotes server record, not an archived review.
- Require a named sponsor broker before treating funded-account routing as independently verifiable.
The same method applies to payout claims. A public counter, per-trader proof page, or auditable payment record carries more weight than screenshots posted without a traceable source.
Where was the firm actually registered?
The operating headquarters is in Dallas, United States, and the company is listed as MyFunded Capital LTD. Later Seacrest documentation used separate corporate entities for the brokerage business. The brokerage entity stated that it operated under South African law with FSCA authorization. Those later brokerage details should not be read as retroactive regulation of the MyFundedFX prop evaluation program.
This corporate separation explains why the review tracks two different questions. The first is who sold the simulated prop challenge. The second is whether a later brokerage entity held a financial-services license for its own brokerage activity.
Recovery options if you've already paid
The firm's own refund process had a fixed cutoff: February 28, 2026. Eligible challenge holders and funded traders were instructed to submit refund or final-payout requests before that date. The closure notice also stated that some refunds could be sent by crypto or bank wire when the original payment processor was no longer supported. That process is now historical because the stated deadline has passed.
Any unresolved payment dispute after the deadline depends on payment method, contract terms, and jurisdiction. Useful records include the purchase receipt, challenge terms, closure email, dashboard history, payout request, refund request, and correspondence. Card issuers and consumer authorities apply their own filing windows and evidence standards.
Sponsor broker disclosure
The sponsor broker is the broker that routes or executes orders linked to a prop firm's funded simulated accounts. MyFundedFX's sponsor is listed as Not disclosed and its sponsor regulator as Not disclosed. This missing disclosure prevents an independent check of the execution venue behind the funded stage. It also drives the platform-and-sponsor rubric score to 0.0.
Seacrest Markets' later FSCA license is a separate fact. A brokerage license for Seacrest Markets (PTY) Ltd does not identify which broker sponsored historical MyFundedFX funded accounts. The two records should not be merged without explicit routing evidence.
| Feature | MyFundedFX Information |
|---|---|
| Founded | 2022 |
| Headquarters | Dallas, United States |
| Evaluation type | Hybrid: 1-Step, 2-Step, 3-Step |
| Account sizes | Not disclosed |
| Challenge fee | N/A, program closed |
| Profit target | 8% / 5% on headline 2-Step model |
| Max daily drawdown | 5% |
| Max overall drawdown | 8%, static |
| Profit split | 80% |
| Payout schedule | Biweekly before closure |
| Sponsor broker | Not disclosed |
| Sponsor verification | Undisclosed, could not verify |
| Trading platforms | MT5, Match-Trader |
| Total paid out | Not disclosed |
| Refund policy | Eligible closure claims accepted through February 28, 2026 |
Should you avoid MyFundedFX?
MyFundedFX is not an active prop challenge provider in September 2026. The decisive fact is operational: the prop business closed on February 6, 2026, and its refund window ended later that month. The FXSharp score is 4.1/10, reflecting strong historical rule disclosure but weak current payout verification, sponsor transparency, platform verification, and community evidence. There is no current challenge product to compare on price or funding terms.
The historical 2-Step rules were clearly defined at 5 percent daily and 8 percent static overall drawdown. A static drawdown fixes the loss threshold against the starting balance instead of trailing new equity highs. On a $100,000 simulated account, an 8 percent static limit places the overall floor at $92,000. That clarity does not change the present status: the program is closed.
Prop firm challenges carry a non-refundable fee in most programs; passing the evaluation is not guaranteed and the funded stage is a simulated account whose payouts depend on the firm's continued solvency and policy. This content is for information only, not investment advice. Verify the firm's current rules, sponsor broker disclosure, and any open regulator actions on its official site and on the relevant authority's official register before paying any challenge fee.
