My Funded Futures Review
My Funded Futures is a Texas-based prop trading firm specializing in futures trading. They offer a flexible evaluation process, support popular trading platforms like NinjaTrader and Tradovate, and provide account sizes ranging from $50,000 to $150,000 with a generous profit split.
My Funded Futures Review
Summary
My Funded Futures has established itself as a premier futures prop firm, offering traders a unique opportunity to access substantial trading capital without risking their own funds. Founded in 2022 and based in Texas, USA, this firm has quickly gained recognition for its innovative approach to prop trading in the futures market.
The firm stands out for its flexible evaluation process and trader-friendly conditions. Unlike many competitors, My Funded Futures imposes no maximum or minimum evaluation days, allowing traders to progress at their own pace. This flexibility extends to their trading conditions, with unlimited trading days available on all plan types and phases. The absence of maximum request limits further enhances traders’ freedom to execute their strategies effectively.Â
My Funded Futures offers a range of account sizes, catering to both novice and experienced traders. Their evaluation programs, which include Starter and Expert options, provide pathways for traders of different skill levels to secure funded accounts. With a range of account sizes available, from $50,000 to $400,000, the firm caters to both novice and experienced traders looking to take their trading to the next level. The firm supports popular trading platforms such as NinjaTrader and Tradovate, offering free licenses to funded traders.
My Funded Futures also boasts a generous profit split structure. Up to the first $10,000, traders retain 100% of their profits, followed by a 90/10 split thereafter. This model rewards traders for their success and ensures a fair compensation structure for both parties involved.
In terms of platform offerings, My Funded Futures excels by supporting a wide array of popular trading platforms, including NinjaTrader, R | Trader Pro, and Tradovate, among others. This diverse selection accommodates various trader preferences and styles, ensuring that each trader can find a platform that suits their needs.
The firm’s commitment to trader support is evident through its 24/7 customer service, accessible via multiple channels, including a responsive live chat feature. My Funded Futures also strongly emphasizes trader education, as demonstrated by its comprehensive knowledge base. This resource provides valuable materials for continuous learning and improvement, empowering traders to refine their skills and stay up-to-date with market trends.
Let’s take a closer look at the specific features and offerings that make My Funded Futures a standout choice in the prop trading landscape.
My Funded Futures Review
Programs
My Funded Futures offers two main evaluation programs designed to cater to traders with different experience levels and risk appetites. These programs provide a pathway for traders to access significant trading capital and potentially achieve funded status.
Starter Evaluation
The Starter Evaluation program at My Funded Futures is tailored for traders who are looking for a structured and cost-effective way to secure a funded trading account. It offers three account sizes: $50,000, $100,000, and $150,000. Each account has specific profit targets and trading conditions designed to accommodate different levels of trading experience. For the $50,000 account, the monthly fee is $80, with a profit target of $3,000 and a maximum position limit of 3 contracts. The daily loss limit is set at $1,200, and the trailing max drawdown is $2,500, both managed on an end-of-day (EOD) basis.
The $100,000 account requires a monthly fee of $150, with a $6,000 profit target and a maximum position limit of 6 contracts, while the $150,000 account has a monthly fee of $220, a $9,000 profit target, and a maximum position limit of 9 contracts. This program includes features such as weekly payouts, no consistency rule during the Challenge Stage, and 24/7 customer support. Additionally, there are no minimum evaluation days, allowing traders to potentially achieve funded status in a single day. The Starter Evaluation emphasizes affordability and flexibility, making it ideal for traders new to funded accounts or those who prefer lower upfront costs.
Expert Evaluation
The Expert Evaluation program is designed for seasoned traders who are confident in their trading strategies and desire a more direct route to securing a funded account. This program also offers three account sizes: $50,000, $100,000, and $150,000, with higher monthly fees reflecting the advanced nature of the program. For the $50,000 account, the monthly fee is $165, with a profit target of $4,000 and a maximum position limit of 5 contracts. The $100,000 account has a monthly fee of $265, a profit target of $8,000, and a maximum position limit of 10 contracts.Â
The $150,000 account requires a monthly fee of $375, with a $12,000 profit target and a maximum position limit of 15 contracts. Notably, there is no daily loss limit in any of these accounts, and the trailing max drawdown is managed on an EOD basis. The Expert Evaluation provides traders with the benefit of payouts every 14 days, no activation fees, and no consistency rules for both the challenge and sim-funded accounts. Like the Starter Evaluation, there are no minimum evaluation days, enabling swift progression to funded status. This program is particularly appealing to experienced traders who seek greater flexibility and larger trading limits without the constraints of traditional evaluation processes.
My Funded Futures Review
Conditions
My Funded Futures provides a set of conditions that aim to balance flexibility with discipline, allowing traders to showcase their skills while maintaining effective risk management. Here’s a detailed look at each condition:
Drawdowns
My Funded Futures employs an End-of-Day (EOD) trailing drawdown system, which is a significant feature for traders. Unlike traditional models that might penalize intraday fluctuations, the EOD trailing drawdown only considers the account balance at the end of the trading day. This means that traders can experience volatility during the day without immediate consequences, as long as they close the day within the drawdown limits. For example, the $50,000 Starter account has a trailing max drawdown of $2,500. This approach allows for greater flexibility and can be particularly beneficial for strategies that involve larger intraday swings.
Payouts
Payouts at My Funded Futures are structured to reward successful traders generously. Initially, traders can keep 100% of their profits up to the first $10,000. After reaching this threshold, the profit split becomes 90% for the trader and 10% for the firm, which is highly competitive in the industry. Payouts are processed every 14 days, providing traders with regular access to their earnings. This frequent payout schedule ensures that traders can rely on a consistent income stream, which is crucial for those who depend on trading as their primary source of income.
Trading Days
One of the most appealing aspects of My Funded Futures is the absence of a minimum trading day requirement. Traders can potentially complete the evaluation and achieve funded status in just one day if they meet the profit targets and adhere to the rules. This flexibility allows traders to progress at their own pace, accommodating both those who prefer to trade intensively over a short period and those who wish to take a more measured approach.
Trading Strategies
My Funded Futures does not impose consistency rules during the evaluation phase, allowing traders to utilize their preferred strategies without restrictions. This means that traders are free to capitalize on market opportunities as they arise, without being penalized for having large profit days. However, traders must adhere to the firm’s risk management guidelines, which include avoiding trading during specific high-volatility news events. This approach encourages traders to develop and refine their strategies while maintaining a disciplined approach to risk.
Scaling Plan
My Funded Futures offers a unique Scaling Plan designed to support the growth and success of funded traders in the Starter Evaluation program. As traders demonstrate consistent profitability and grow their accounts, the Scaling Plan allows them to gradually increase their trading size based on their end-of-day (EOD) balance. Starting with a maximum of 2 contracts for a $50,000 account, traders can scale up to 5 contracts as their account balance increases. Additionally, My Funded Futures offers a 1:10 micro scaling option, enabling traders to start with 2 mini contracts and 20 micro contracts, which can be scaled up to 5 mini contracts and 50 micro contracts. This flexible plan accommodates different trading styles and risk preferences while providing increased earning potential and rewarding consistency. The Scaling Plan is automatically applied to eligible traders who successfully complete the Starter Evaluation program and receive a funded account.
Refund Policy
My Funded Futures (MFFU) offers a straightforward refund policy designed to provide flexibility to traders while maintaining fairness. If you haven’t initiated any trading activity after purchasing an account, you’re eligible for a refund within 14 days of your purchase. To request a refund, simply email support@myfundedfutures.com. The refund amount will be the original payment minus a $75 USD fee to cover non-recoverable costs. It’s important to note that engaging in any trading activity after account purchase immediately voids your eligibility for a refund.
My Funded Futures Review
Features
| Maximum capital | $150,000 |
| Profit split | Up to 90% |
| Scaling | Yes |
| News trading | No |
| Weekend trading | No |
| Automated trading | No |
| Free trial | No |
| Maximum leverage | 1:100 |
My Funded Futures offers a comprehensive suite of features designed to support traders of all experience levels. Here’s a detailed look at what they offer:
Platforms Offered
My Funded Futures offers a diverse range of trading platforms to cater to the varied preferences and needs of futures traders. Here’s an in-depth look at the platforms supported by MFFU:
- NinjaTrader: NinjaTrader is a popular choice among futures traders due to its advanced charting capabilities and customizable interface. It offers robust analytical tools, including custom indicators and automated strategy development. NinjaTrader’s strength lies in its flexibility, allowing traders to create complex order types and execute trades directly from charts.
- R | Trader Pro: R | Trader Pro, developed by Rithmic, is known for its high-speed data feeds and low-latency execution. It’s particularly favored by scalpers and high-frequency traders who require quick order placement and real-time market data. The platform offers advanced risk management tools and a customizable interface to suit individual trading styles.
- Tradovate: Tradovate is a cloud-based platform that offers a modern, user-friendly interface. It’s particularly appealing to traders who value simplicity and accessibility. Tradovate provides seamless trading across devices, making it ideal for traders who need to monitor and execute trades on the go. Its commission-free structure is also a significant draw for many traders.
- TradingView: TradingView is renowned for its social networking features and extensive charting tools. It allows traders to share ideas, strategies, and analyses with a global community. The TradingView platform’s strength lies in its vast library of indicators and drawing tools, making it an excellent choice for technical analysts.
- Quantower: Quantower is a relatively new platform that has gained popularity due to its modular design and extensive feature set. It offers advanced charting, multi-asset trading, and algorithmic trading capabilities. Quantower’s flexibility in connecting to various data providers and brokers makes it a versatile choice for traders.
- Sierra Chart: Sierra Chart is known for its robust analytical capabilities and reliability. It’s particularly favored by traders who require in-depth market analysis and custom indicator development. The platform offers extensive data feed options and supports various order types, making it suitable for complex trading strategies.
By offering this wide range of platforms, My Funded Futures ensures that traders of all styles and preferences can find a suitable trading environment. Whether a trader prioritizes speed, analytical depth, ease of use, or community features, there’s a platform available to meet those needs. This diversity in platform offerings demonstrates MFFU’s commitment to accommodating various trading approaches and technical requirements, enhancing the overall trading experience for their clients.
Dashboard
The dashboard at My Funded Futures is designed to be a centralized hub that provides traders with a comprehensive overview of their trading accounts and performance metrics. It offers an intuitive interface where traders can easily monitor key aspects of their accounts, such as current balance, profit and loss, and drawdown levels. The dashboard also displays real-time data and analytics, enabling traders to make informed decisions based on the latest market conditions. Additionally, it provides access to essential account management tools, allowing traders to reset their accounts if needed, review their trading history, and manage their subscriptions. The integration of these features into a single, user-friendly platform ensures that traders can efficiently track their progress and adjust their strategies as necessary. With its focus on clarity and accessibility, the dashboard serves as an indispensable tool for traders seeking to optimize their performance and achieve their trading goals at My Funded Futures.
Support Offered
My Funded Futures provides comprehensive support to ensure traders have the assistance they need whenever they need it. In addition to 24/7 customer service available via email and phone, MFFU also offers a live chat feature. This live chat option allows traders to get real-time assistance with any questions or issues they might encounter, making it a convenient and efficient way to resolve concerns quickly. Whether it’s technical support, account inquiries, or guidance on trading strategies, the live chat ensures that help is always just a click away, enhancing the overall trading experience and providing peace of mind to traders.
Knowledge Base
The knowledge base at My Funded Futures is a treasure trove of educational resources. It includes FAQs, detailed guides, and tutorials that cover everything from platform navigation to advanced trading strategies. This resource is invaluable for traders looking to enhance their skills and deepen their understanding of the futures market. Whether you’re new to trading or looking to refine your techniques, the knowledge base provides the information you need to succeed.
My Funded Futures Review
Conclusion
My Funded Futures offers a solid platform for traders looking to prove their skills and get funded, with a variety of account options and flexible conditions that cater to different trading styles. The strengths lie in their diverse platform offerings, like NinjaTrader and Tradovate, and the supportive features such as 24/7 customer support and a user-friendly dashboard that keeps everything you need in one place. However, it’s important to keep an eye on the refund policy—once you start trading, refunds are off the table, so make sure you’re ready to commit.
My Funded Futures Review
