My Funded Capital – Firm Review
- Expert coaching from seasoned professionals
- Quick withdrawal processing every day
- Generous profit split favors traders
- Flexible trading styles fully supported
- Lifetime account with reset options
# My Funded Capital Review: Prop Trading Firm Analysis
Company Overview
My Funded Capital stands out as a modern proprietary trading firm offering traders access to substantial capital through challenge-based evaluation programs. Established with the goal of providing trading opportunities to skilled individuals regardless of their personal financial situation, the company offers both Standard and Professional Challenge programs with account sizes ranging from $10,000 to $200,000.
The firm distinguishes itself with competitive profit splits up to 90%, rapid payout systems, and flexible trading conditions across multiple financial markets. My Funded Capital utilizes the popular MetaTrader platforms to provide traders with a familiar and robust trading environment. Their transparent evaluation process assesses traders’ risk management and consistency before granting access to funded accounts, making it suitable for both novice and experienced traders looking to scale their trading operations.
Key Features at a Glance
Challenge Fees
- $99 – Entry fee for the $10,000 Standard Challenge account
- $199 – Entry fee for the $25,000 Standard Challenge account
- $299 – Entry fee for the $50,000 Standard Challenge account
- $399 – Entry fee for the $100,000 Standard Challenge account
- $599 – Entry fee for the $200,000 Standard Challenge account
- Professional Challenge fees are slightly higher but offer more flexible trading parameters
Account Types
- Standard Challenge: Two-phase evaluation with standard trading parameters, suitable for most traders
- Professional Challenge: Two-phase evaluation with more relaxed rules, designed for experienced traders
- Funded Account: Live trading account with real capital after successful challenge completion
- Scaling Account: Increased account size opportunities for consistently profitable traders
Profit Split Options
- 80/20 Split: Standard profit sharing model where traders receive 80% of profits
- 90/10 Split: Enhanced profit sharing available for consistently successful traders
- Scaling Split: Increased profit percentage based on performance milestones
- Profit payouts processed bi-weekly with no minimum withdrawal amount
Account Sizes
- $10,000: Entry-level account size with lower challenge fee, ideal for beginners
- $25,000: Mid-tier account with balanced capital allocation
- $50,000: Professional-level account for established trading strategies
- $100,000: Advanced trading account for experienced traders
- $200,000: Maximum account size offering substantial trading capital
Trading Platforms
- MetaTrader 4: Industry-standard platform with robust charting and analysis tools
- MetaTrader 5: Advanced trading platform with enhanced features and capabilities
- Web-based dashboard: Proprietary interface for tracking account metrics and performance
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including US30, S&P 500, NASDAQ, and more
- Commodities: Gold, silver, oil, and other popular commodities
- Cryptocurrencies: Major crypto pairs with extended trading hours
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 45 days | 60 days |
| Profit Target | 10% | 5% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Initial funding up to $200,000 with scaling opportunities for consistently profitable traders
- Scaling: Account size can be increased by up to 25% after every 3 profitable months, potentially reaching $1M+ over time
- Trading Competitions: Monthly contests offering bonus capital and reduced fees for top-performing traders
- Free Trial: Limited-time demo challenges available periodically for new users to test the platform
- Profit Targets: Range from 5% to 10% depending on challenge phase and account type
- Drawdown Structure:
- Daily: 5-6% maximum loss allowed in a single trading day
- Maximum: 10-12% overall account drawdown limit
- Trailing: No trailing drawdown metrics used
Trading Rules and Requirements
- Minimum trading days requirement must be met in both challenge phases
- Maximum position size of 5 standard lots for $100K accounts (scaling with account size)
- News trading is permitted but with caution around major economic releases
- Weekend holding of positions is allowed with proper risk management
- No overnight holding restrictions for most instruments
- Prohibited strategies include grid trading, martingale, arbitrage, and expert advisors designed to exploit latency
- Maximum correlation of 70% between trading accounts
Company Information
- Founded in 2022, My Funded Capital has quickly established itself in the prop trading industry
- Headquartered in London, UK with operations in multiple countries
- Offers 24/7 customer support via live chat, email, and ticketing system
- Educational resources include weekly webinars, trading guides, and market analysis
- Transparent challenge review process with detailed performance metrics
- Regular platform updates based on trader feedback and industry developments
Payout Methods
- Bank Transfer/Wire (3-5 business days)
- PayPal (1-2 business days)
- Cryptocurrency – Bitcoin, Ethereum, USDT (Same day processing)
- Skrill/Neteller (1-2 business days)
- Wise/Revolut (1-3 business days)
Trading Commissions
- Standard Forex commission of $7 per lot round-turn
- Indices commission of $5 per lot round-turn
- Commodities commission of $6 per lot round-turn
- Cryptocurrency commission of 0.05% of trade value
- No hidden fees or additional charges on funded accounts
IP Rules
- Multiple IP addresses allowed with proper verification
- VPN usage permitted with prior notification
- Trading from different geographical locations allowed with account registration
- IP changes must be notified to avoid security flags
- Maximum of 3 different locations permitted per account
Video Review
My Funded Capital Review
Comprehensive review of My Funded Capital trading services
Unique Features
Trading Flexibility
- Weekend position holding with no restrictions
- News trading allowed with risk guidelines
- No minimum trading day requirements after funding
- Relaxed drawdown rules compared to many competitors
Account Management
- Dedicated dashboard with real-time performance metrics
- Scaling program with automatic account size increases
- Profit withdrawal processing twice per month
- Account reset options available for one-time fee
Why Choose My Funded Capital?
My Funded Capital stands out in the competitive prop trading landscape by offering a balance of flexible trading conditions and reliable funding opportunities. Their evaluation process is designed to identify disciplined traders while providing realistic conditions that allow for various trading styles.
Key advantages include:
- Competitive profit splits up to 90% for successful traders
- Rapid scaling program that can increase account size by up to 25% quarterly
- Multiple account types catering to different trading styles and experience levels
- Bi-weekly payouts with no minimum withdrawal requirement
- Relaxed trading rules compared to many competitors, including weekend position holding
- Responsive customer support with educational resources for continuous improvement
Frequently Asked Questions
How long does it take to get funded?
Traders can get funded as quickly as 1-2 weeks if they successfully complete both the Challenge and Verification phases. The minimum time depends on meeting trading requirements and profit targets. Most successful traders complete the process within 4-6 weeks, though there is no rush as each phase has a maximum duration allowance.
Can I hold positions over the weekend?
Yes, My Funded Capital allows weekend position holding for most instruments. There are no restrictions on overnight or weekend trades, giving traders flexibility to implement longer-term strategies. However, traders should be aware of weekend gap risk and maintain proper risk management, especially during major market events or news releases.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor infractions may result in warnings, while serious violations like exceeding maximum drawdown limits will result in account termination. My Funded Capital provides a grace period for certain technical violations and offers a one-time reset option for accounts that breach drawdown limits, available for a fee.
Can I trade news events?
Yes, news trading is permitted at My Funded Capital. Unlike some prop firms that restrict trading around major economic releases, traders can implement news-based strategies. However, the platform advises caution and proper risk management during high-volatility events to avoid exceeding drawdown limits due to rapid price movements.
How often can I withdraw profits?
Profit withdrawals are processed twice per month, on the 15th and the last day of each month. There is no minimum withdrawal amount, and traders can request withdrawals as soon as they generate profits in their funded accounts. The first withdrawal typically takes 3-5 business days, with subsequent withdrawals processing faster based on the chosen payment method.
