MyFundedFX Review 2026: Is It Legit? Challenge Rules, Drawdown Limits and Payouts

What it is

MyFundedFX is a prop firm operating since 2022. Jurisdiction: USA. Legal entity: MyFundedFX LLC. You pay for an evaluation, prove you can respect risk limits, and get a funded account with most of the profit paid to you.

Figures below come from the company's public data as of this page's update date. Prop firms change terms more often than brokers, so verify them on the MyFundedFX site before paying.

Challenge conditions

Account sizes: $5 000 – $300 000. Fee: from ~$49 per attempt. Structure: one-phase, two-phase and Instant models. Drawdown limits: daily 4–5%, overall 6–12% depending on the model. Platforms: MT4, MT5, cTrader, DXtrade, TradeLocker.

Payouts

Up to 90% profit split. Payouts every 14 days, on demand on some programmes.

Drawbacks

• Young company — since 2022
• Rules and prices change often
• Wide spread of terms between models is confusing

The calculation most people get wrong

The cost of access to capital is not the challenge fee — it is the fee multiplied by the average number of attempts. Published industry pass rates run from a few percent to around 10%. Multiply from ~$49 per attempt by a realistic number of attempts and compare it with trading your own deposit at the same risk — position size calculator.

Availability

Accepts most cis countries.

Other prop firms

Hash Hedge, FTMO, FundedNext, The5ers, Topstep, Alpha Capital Group, E8 Markets, Funded Trading Plus

If the prop model does not suit you, compare regulated brokers instead.