MyFundedFX Review 2026
Historical post-mortem: Rebranded to SeacrestFunded and ceased proprietary trading operations in early 2026. Page retained for trader records and migration guidance.
the bottom line.
Historical post-mortem: Rebranded to SeacrestFunded and ceased proprietary trading operations in early 2026. Page retained for trader records and migration guidance.
Historical reference and account transition records.
Active traders seeking funding (Firm is permanently closed).
[!IMPORTANT] OPERATIONAL STATUS: PERMANENTLY CLOSED (FEBRUARY 2026) MyFundedFX rebranded to SeacrestFunded in 2025 and officially ceased all proprietary trading activities in February 2026. This review is maintained for historical reference, trader account records, and to provide verified active alternatives.
Post-Mortem: What Happened to MyFundedFX?
Founded in Dallas, Texas, in 2022 by Matthew Leech, MyFundedFX rapidly became one of the most popular retail prop firms in the United States. Their explosive growth was driven by two key innovations: removing all evaluation time limits and introducing ultra-budget challenge tiers starting at just $50 for a $5,000 account.
At its peak in 2023, MyFundedFX had funded thousands of traders and was praised for prompt crypto and bank payouts. However, the firm suffered severe structural disruption during the February 2024 MetaQuotes crackdown:
- US MetaQuotes Ban: MetaQuotes abruptly forced brokerages to terminate white-label MT4 and MT5 terminal access for prop firms accepting US residents.
- Platform Migration Friction: MyFundedFX transitioned its user base to DXtrade, Match-Trader, and cTrader. Technical migration friction and liquidity adjustments resulted in trader churn.
- Rebrand to SeacrestFunded: In early 2025, the management team rebranded the firm to SeacrestFunded to reposition as an international brand.
- Final Closure in February 2026: Escalating operational costs, reduced challenge sales, and regulatory pressures in the CFD sector led to the orderly winding down of all operations in February 2026.
Historical Challenge Terms & Structure (Archived)
For historical audit purposes, below are the final parameters MyFundedFX operated before closing:
Top 3 Active Alternatives for Displaced Traders
If you previously traded on MyFundedFX, the following three firms represent the most stable alternatives in 2026:
Historical Pros and Cons
(Historical)
- Pioneered no-time-limit evaluations for US prop traders.
- Accessible $50 entry price point for beginner retail traders.
- Friendly rules regarding Expert Advisors (EAs) and news trading.
(Historical)
- Vulnerable to offshore CFD broker and platform provider disruption.
- Rebrand to SeacrestFunded created brand confusion before final closure.
- Ceased operations in February 2026.
PropFundedRank Final Verdict
MyFundedFX was an influential innovator in the retail prop trading space between 2022 and 2024, but its reliance on unregulated CFD execution models ultimately led to its shutdown following industry-wide platform crackdowns. Traders should migrate their trading activities to fully capitalized, established firms like Funding Pips, FTMO, or regulated futures firms like Topstep.
Compare MyFundedFX vs Other Top Firms
Frequently Asked Questions
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