Seacrest Funded - Prop Firm Review

Pricing snapshot

What happened

Seacrest Funded (formerly MyFundedFX, later Seacrest Markets) shut down its entire prop-trading division. Around 6 February 2026 it closed prop accounts and open positions and pivoted fully to its CFD brokerage. Affected traders were directed to file via an official Refund Form / dashboard by 28 February 2026, with refunds processed within 30 days on a first-come-first-served basis - but breached, inactive and giveaway-promo accounts were explicitly excluded, and independent outlets plus trader forums documented difficulty accessing final payouts and slow support, with mixed outcomes. Whatever the internal reasoning, the practical position is clear: Seacrest is no longer a prop firm you can join, and this review is kept for the historical record and for anyone still owed money.

What it was (historical)

Seacrest was the rebrand of the well-known MyFundedFX, operated via entities in Hong Kong and Cyprus. It was unregulated and its accounts were simulated - even “Live Sim” accounts that displayed as “Real” on the platform were still demo. It offered 1-step and 2-step evaluations across 175+ instruments (forex, metals, commodities, indices, crypto) on MT5, cTrader, MatchTrader and DXTrade, with account sizes to $200k (scaling to $1m) and entry from about $50. The split was 80%, with up to 90% behind a paid VIP add-on.

The rule that defined it: a payout-gating consistency rule

Seacrest’s most distinctive mechanic - and the source of most of its complaints - was a 15% consistency rule that did not breach or terminate the account when violated. Instead, it delayed your payout until your single biggest trading day dropped below roughly 20% of your total profit. In other words you could pass and remain funded, but be indefinitely blocked from withdrawing until your profit distribution “flattened.”

Paired with a 1-step trailing drawdown that only locked after +6% profit, this produced the firm’s two most-complained-about failure modes: accounts disabled on trailing-drawdown grounds, and payouts stalled on consistency grounds. It’s a useful cautionary example: a payout that is gated (rather than an account that is simply killed) can leave a “funded” trader unable to actually get paid - and that ambiguity became especially costly when the firm wound down.

If you are owed money

If you had a Seacrest/MyFundedFX account or a pending payout, treat it as a wind-down claim: keep all your records, follow any official refund/dashboard process the firm still provides, and ask your card provider about a chargeback if you paid recently. Note the eligibility carve-outs (breached, inactive and giveaway accounts were excluded from refunds). Be wary of “recovery” services charging upfront fees. The parent has continued as a CFD broker, so confirm exactly which entity you’re dealing with before sending any further information.

Verdict

There is no live recommendation: Seacrest Funded’s prop business is closed, and even before the shutdown its payouts were gated by a consistency rule and its 1-step trailing drawdown drew frequent complaints. Do not buy a challenge.

As a lesson, Seacrest’s story is a reminder that a large, popular brand (MyFundedFX had thousands of reviews) can still exit the prop business at short notice, and that payout-gating rules - where you stay “funded” but can’t withdraw - are worth scrutinising closely, because they become most painful exactly when a firm is winding down. We’re keeping this review live so anyone searching for Seacrest Funded finds this notice rather than a stale sign-up page.

Frequently Asked Questions

Is Seacrest Funded still operating as a prop firm?

No. Around 6 February 2026, Seacrest closed its entire prop-trading division, shutting prop accounts and open positions, and pivoted fully to its CFD brokerage. Traders were directed to a refund form with a 28 February 2026 deadline, though breached, inactive and giveaway accounts were excluded. As a prop firm it is effectively defunct, so do not buy a challenge.

What was Seacrest Funded, and was the capital real?

Seacrest Funded was the rebrand of MyFundedFX, an unregulated evaluation firm operated via entities in Hong Kong and Cyprus. Its accounts were simulated: even Live Sim accounts that displayed as Real on the platform were still demo. It offered 1-step and 2-step evaluations across 175-plus forex and CFD instruments on MT5, cTrader, MatchTrader and DXTrade, with an 80 percent split.

What was distinctive about Seacrest Funded?

Its most distinctive rule was a 15 percent consistency rule that did not breach the account when violated but instead delayed your payout until your single biggest trading day dropped below roughly 20 percent of total profit. Combined with a 1-step trailing drawdown that only locked after plus 6 percent profit, this produced its most common complaints: accounts disabled on drawdown grounds and payouts stalled on consistency grounds.

I am owed money by Seacrest or MyFundedFX. What should I do?

Treat it as a wind-down claim. Keep all your records, follow any official refund or dashboard process the firm still provides, and ask your card provider about a chargeback if you paid recently. Note that breached, inactive and giveaway accounts were excluded from refunds. Be wary of recovery services charging upfront fees, and confirm exactly which entity you are dealing with, since the parent continues as a CFD broker.

What were the Seacrest Funded rules before it closed?

Historically, a 1-step evaluation with a 4 percent daily loss and 6 percent trailing maximum that locked at the starting balance after plus 6 percent, and a 2-step with a 5 percent daily loss and 8 percent static maximum. First payout came about 14 days after the first funded trade, then bi-weekly, with a roughly $65 minimum and a 15 percent consistency rule gating withdrawals. These details are historical only.

Seacrest Funded has closed its prop business (Feb 2026) - do not buy a challenge. If you are owed money, follow the refund process and keep records.