Who are MyFlashFunding?
MyFlashFunding registered under the legal name MyFlashFunding LLC, is a proprietary trading firm that was incorporated on the 27th of April, 2022. They are based in Missouri, United States, and are being managed by CEO Raul Gonzalez. MyFlashFunding extends to traders the opportunity to choose between two account types, a one-step evaluation, and a two-step evaluation. They are in partnership with ThinkMarkets as their broker.
The headquarters of MyFlashFunding are situated at 401 Pine Street, Saint Louis, MO 63102.
Funding Program Options
MyFlashFunding provides its traders with two unique funding program options:
- Two-step Evaluation
- One-step Evaluation
Two-step Evaluation
MyFlashFunding‘s Two-step evaluation aims to select talented traders who can efficiently and profitably manage risk during the two-step evaluation period.Traders have the opportunity to manage account sizes ranging from $10,000 up to $200,000 and trade with up to 1:100 leverage.
Evaluation phase one requires a trader to achieve a 6% profit target without surpassing their 4% maximum daily loss or 8% maximum loss rules. When considering time constraints, it’s important to note that there are no maximum or maximum trading day requirements during phase one. However, you are only required to achieve the 6% profit target without breaching the maximum daily or maximum loss limit rule in order to proceed to phase two.
Evaluation phase two expects a trader to reach a 6% profit target while not surpassing their 4% maximum daily loss or 8% maximum loss rules. When considering time constraints, it’s important to note that there are no minimum or maximum trading day requirements during phase two. However, to proceed to funded status, you are required to reach the 6% profit target without breaching the maximum daily or maximum loss limit rules.
Upon successfully concluding both phases, you will receive a funded account. There are no minimum withdrawal requirements but you are expected to respect the 4% maximum daily loss and 8% maximum loss regulations. Your first payout is 30 calendar days from the day you execute your first trade. All subsequent payouts will be processed bi-weekly. Based on the profit made on the funded account, you are eligible for a profit split of 80%.
Two-step Evaluation Scaling Plan
The Two-step Evaluation also has a scaling plan. Should a trader exhibit profitability during a three-month period, achieving an average return of 12% over the three-month period, they will qualify for an account size increase equivalent to 30% of the initial account size.
Example:
After 3 Months: A qualified $50,000 account increases to $65,000.
After the Next 3 Months: A qualified $65,000 account increases to $80,000.
After the Next 3 Months: A qualified $80,000 account increases to $95,000.
Two-step Evaluation Trading Rules & Objectives
- Profit Target: Traders must attain an assigned profit percentage to successfully end an evaluation phase, withdraw earnings, or scale their trading account. The target for Phase 1 is set at 6%, whereas Phase 2 requires a profit target of 6% to be met. Funded accounts do not have any specified targets.
- Maximum Daily Loss: The maximum daily loss limit for all account sizes is 4%.
- Maximum Loss: The maximum overall loss limit for all account sizes is 8%.
One-step Evaluation
MyFlashFunding‘s One-step Evaluation equips traders with the opportunity to manage account sizes varying from $10,000 to $200,000 and trade with up to 1:50 leverage. The purpose is to determine talented traders who can efficiently and profitably manage risk throughout the one-step evaluation period.
Evaluation phase one mandates a trader to reach a 10% profit target without exceeding their 4% maximum daily loss or 6% maximum trailing loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. However, to proceed to funded status, you are required to reach the 10% profit target without breaching the maximum daily or maximum loss limit rule.
Upon successfully completing the evaluation phase, you will receive a funded account. There are no minimum withdrawal requirements but you are expected to respect the 4% maximum daily loss and 6% maximum loss regulations. Your first payout is 14 calendar days from the day you execute your first trade. All the subsequent payouts can be processed bi-weekly. Based on the profit made on the funded account, you are eligible for a profit split of 80%.
One-step Evaluation Scaling Plan
The One-step Evaluation also has a scaling plan. Should a trader exhibit profitability during a three-month period, achieving an average return of 12% over the three-months period, they will qualify for an account size increase equivalent to 30% of the initial account size.
Example:
After 3 Months: A qualified $50,000 account increases to $65,000.
After the Next 3 Months: A qualified $65,000 account increases to $80,000.
After the Next 3 Months: A qualified $80,000 account increases to $95,000.
One-step Evaluation Trading Rules & Objectives
- Profit Target: Traders must attain an assigned profit percentage to successfully end an evaluation phase, withdraw earnings, or scale their trading account. The profit percentage for the evaluation phase is set at 10%. Funded accounts do not have any specified targets.
- Maximum Daily Loss: The maximum loss allowed for a trader to lose in a single trading day without exceeding the account’s limit. All account sizes are subject to a maximum daily loss limit of 4%.
- Maximum Trailing Loss: The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6%.
What Makes MyFlashFunding Different From Other Prop Firms?
MyFlashFunding sets itself apart from the majority of top-tier prop firms by providing two distinct account options: a two-step evaluation and a one-step evaluation. Their evaluation process is straight forward and provide traders the opportunity to test their skills.
MyFlashFunding‘s Two-step evaluation requires traders to successfully conclude two phases before becoming qualified for payouts. There are no minimum or maximum trading day requirements during both phases. The Two-step Evaluation also has a unique scaling plan, traders are given the opportunity to manage even larger account sizes. The Two-step Evaluation Is different from other funding programs within the industry primarily because of its unlimited trading period, no minimum trading day requirements, a first withdrawal after only 14 calendar days, and bi-weekly future payouts.
MyFlashFunding‘s One-step evaluation requires traders to successfully conclude a single evaluation phase before becoming qualified for payouts. There are also no minimum or maximum trading day requirements during this evaluation phase. The One-step Evaluation also has a unique scaling plan, traders are given the opportunity to manage even larger account sizes. The One-step Evaluation is different from other funding programs within the industry primarily because of its unlimited trading period, no minimum trading day requirements, and a first withdrawal after only 14 calendar days.
MyFlashFunding is a prop firm that comes highly recommended due to its attractive features such as unlimited trading period, no minimum trading day requirements, and bi-weekly future payouts which gives it an edge against other firms in the prop firm industry. It does allow news trading and holding weekend positions which would be greatly appreciated by a seasoned trader. It provides a diverse range of trading instruments, allowing traders greater freedom when trading
Is Getting MyFlashFunding Capital Realistic?
It is necessary to consider the trading requirements when considering proprietary trading firms to determine whether or not it fits your trading style. Opting for a prop firm that promises a generous profit split on a well-capitalized account might seem appealing. However, if they anticipate lofty monthly gains coupled with minimal maximum drawdown percentages, their likelihood of success diminishes significantly. It is also necessary to consider factors like time restraints and withdrawal limitations if any to decide whether or not the prop firm meets your trading needs.
Lastly, it is crucial to familiarize yourself with all trading rules of the prop firm during the evaluation process and subsequent funding stages to lessen the risk of accidentally violating the terms of your account.
Receiving capital from the Two-step Evaluation is practical mainly due to its relatively modest profit targets (6% for both phases) coupled with slightly below-average maximum loss rules (4% maximum daily and 8% maximum loss). It is essential to note that while there are no minimum or maximum trading day requirements giving traders unlimited time to trade. Furthermore, upon successful completion of both evaluation phases, participants are eligible for payouts featuring a favorable profit split of 80%.
Receiving capital from the One-step Evaluation is practical mainly due to its average profit target of 10%, coupled with average maximum loss rules (4% maximum daily and 6% maximum trailing loss). It is essential to note that while there are no minimum or maximum trading day requirements. Furthermore, upon successful completion of both evaluation phases, participants are eligible for payouts featuring a favorable profit split of 80%.
After assessing all aspects, MyFlashFunding is a prop firm that comes highly recommended to a seasoned trader. It offers two unique funding programs to choose from: a two-step evaluation and a one-step evaluation, which all feature practical trading objectives and conditions for qualifying for payouts. For instance, holding trades overnight or during the weekend is allowed which gives traders greater freedom.
Payment Proof
MyFlashFunding is a proprietary trading firm established on April 27, 2023, and boasts a substantial community of traders who have attained funded status and successfully met the criteria for profit split.
When it comes to MyFlashFunding payment proof, you can find it on numerous websites. One example is Trustpilot. On Trustpilot, traders share their experience about trading on the platform and also post receipts of payouts. MyFlashFunding Discord and YouTube channels are another source of payment proof where you can find numerous payout certificates and interviews of their most successful traders.
Education
MyFlashFunding website features a comprehensive Blog with educational resources easily accessible to their community.
Furthermore, MyFlashFunding provides clients access to a well-designed dashboard. This feature enhances risk management while having continuous access to trading objectives and overall statistics of their trading account.
Trustpilot Feedback
MyFlashFunding has gathered an impressive score on Trustpilot based on their community’s feedback.
On Trustpilot, MyFlashFunding has a significant variety of their community commenting and delivering positive feedback concerning their company services. The firm has attained an average rating of 4.7 out of 5 from a substantial pool of 487 reviews, with a considerable 87% of these reviews awarding MyFlashFunding the highest rating of 5 stars. This shows that majority of their clients have a positive experience working with them.
Clients have also expressed satisfaction with the services and offerings of the prop firm and are eager to continue their trading journey with MyFlashFunding in the future.
Customer Support
If you have questions or concerns about MyFlashFunding, you can reach out to their customer support team through the live chat on the website or via email at support@myflashfunding.com. Checking their FAQ page could provide you with quick answers but you could get a more detailed response through their Discord channel and Telegram platform.
Conclusion
MyFlashFunding is a reputable and desirable proprietary trading firm that offers traders the chance to choose between two funding programs: the Two-step Evaluation, which is a two-step evaluation, and the One-step Evaluation, which is a one-step evaluation.
MyFlashFunding‘s Two-step Evaluation is an industry-standard two-step evaluation that requires the completion of two phases before becoming qualified to manage a funded account and earn 80% profit splits. Concerning time limitations, there are no minimum or maximum trading day requirements during both evaluation phases, meaning you can trade at your preferred pace without time pressure. Finally, it’s crucial to note that the Two-step Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.
MyFlashFunding‘s one-step Evaluation is a one-step evaluation that requires the completion of a single evaluation phase before becoming qualified to manage a funded account and earn 80% profit splits. These are practical trading objectives, considering you have a 4% maximum daily and 6% maximum trailing loss rules to follow. Concerning time limitations, there are no minimum trading days during the evaluation phase, meaning you can trade at your preferred pace without time pressure. Finally, it’s crucial to note that the One-step Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.
MyFlashFunding has carved a position for themselves among other proprietary trading firms and show signs of continued growth. The trading platform are available to professional traders seeking a conducive environment where they can grow and enjoy access to funding.
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