Introduction
If you want to trade with a futures prop firm that has a solid reputation and great pricing, My Funded Futures is worth considering
- Led by CEO Matthew Leech, My Funded Futures started operations in 2023 and has quickly gained a solid reputation amongst traders with a Trustpilot score of 4.7 from more than 2,000 reviews
- My Funded Futures has a great website, and some interesting funding programs which each give the trader a path to a live funded brokerage account
Funding Programs
Starter Plan
Prices
The Starter Plan is aimed at newer traders and is only available as a $50K account, which costs $97 per month, with a $97 reset fee.
Evaluation Rules
- Profit Target: 6%
- Maximum Trailing Drawdown: 5%
- Maximum drawdown trails the EOD account balance
- Daily Loss Limit: 2.4%
- If reached it halts trading until the following day, it does not breach the account)
- Minimum Trading Days: None
- Consistency Rule: None
- Maximum Position Size: 3 minis or 30 micros
- Inactivity Rule: Must place at least one trade per seven day cycle
Sim Funded Rules
- Maximum Trailing Drawdown: 5%
- Maximum drawdown trails the EOD account balance
- Daily Loss Limit: 2.4%
- If reached it halts trading until the following day, it does not breach the account
- Consistency Rule: 40%
- In order to qualify for a payout, the profit from any trading day cannot exceed 40% of the overall profit made during the payout period
- Inactivity Rule: Must place at least one trade per seven day cycle
- Maximum Position Size: 3 minis or 30 micros (with scaling – see scaling plan section)
Payout Rules
- Minimum Days: 5 days where the trader makes at least $100 profit each day
- Maximum Withdrawal Amount: $1,200 until the trader has reached 30 winning days or $6,000 in payouts
- After the first payout the maximum drawdown limit moves to $50,100
- Profit Split: 100% on the first $10K, and 90% thereafter
Live Funding
Once the trader has completed 30 winning days or $6,000 in payouts they will be moved to a live funded brokerage account with a static maximum drawdown limit of $2,500.
Starter Plus Plan
Prices
The Starter Plus Plan is available in three account sizes, the monthly subscription cost for each is:
- $50K: $127
- $100K: $267
- $150K: $377
The fee to reset the account is the same as the subscription fee.
Evaluation Rules
- Profit Target: 6%
- Maximum Trailing Drawdown: 3% (4% on the $50K)
- Maximum drawdown trails the EOD account balance
- Daily Loss Limit: None
- Minimum Trading Days: None
- Consistency Rule: 50%
- Inactivity Rule: Must place at least one trade per seven day cycle
- Maximum Position Size: 3 minis or 30 micros
Sim Funded Rules
- Maximum Trailing Drawdown: 3% (4% on the $50K)
- Maximum drawdown trails the EOD account balance
- Daily Loss Limit: None
- Consistency Rule: None
- Inactivity Rule: Must place at least one trade per seven day cycle
- Maximum Position Size: 3 minis or 15 micros per $50K of account balance (with scaling – please see scaling plan section)
Payout Rules
- Minimum Days: 5 days where the trader makes at least $100, $200, or $300 profit each day on the $50K, $100K, and $150K accounts respectively
- Maximum Withdrawal Amount: 2.4% until the trader has reached 30 winning days or 12% in payouts
- After the first payout the maximum drawdown limit moves to the initial account balance + $100
- Profit Split: 100% on the first $10K, and 90% thereafter
Live Funding
Once the trader has completed 30 winning days or 12% in payouts they will be moved to a live funded brokerage account with a static maximum drawdown limit of:
- $2,500 for the $50K account
- $3,500 for the $100K account
- $5,000 for the $150K account
Expert Plan
Prices
The Expert Plan is designed to give traders a lot of freedom, and is best suited to experienced traders who want to trade aggressively. The Expert Plan is available in three account sizes, and the monthly subscription cost for each is:
- $50K: $227
- $100K: $344
- $150K: $477
The fee to reset the account is the same as the subscription fee.
Evaluation Rules
- Profit Target: 8%
- Maximum Trailing Drawdown: 3% (4% on the $50K)
- Maximum drawdown trails the EOD account balance
- Daily Loss Limit: None
- Minimum Trading Days: None
- Consistency Rule: None
- Inactivity Rule: Must place at least one trade per seven day cycle
- Maximum Position Size: 3 minis per $50K of initial account balance
Sim Funded Rules
- Maximum Trailing Drawdown: 3% (4% on the $50K)
- Maximum drawdown trails the EOD account balance
- Daily Loss Limit: None
- Consistency Rule: None
- Inactivity Rule: Must place at least one trade per seven day cycle
- Maximum Position Size: 3 minis per $50K of initial account balance (no scaling required)
Payout Rules
On the Expert Plan there is a buffer zone. When the account balance is below the buffer zone the trader is only allowed to withdraw up to 60% of their profits. The buffer zone for each account is:
- $50K: $52,100
- $100K: $103,100
- $150K: $164,600
- Minimum Trading Days: None, can withdraw every 14 days
- Minimum Withdrawal Amount: $1,000
- Profit Split: 100% on the first $10K, 90% thereafter (once out of the buffer zone)
Live Funding
The risk team will monitor traders on the Expert Plan and will reach out to them to offer live funding once they have shown that they can trade consistently over time.
Milestone Plan
The Milestone Plan takes traders through four evaluation phases, with the objective being to provide traders the chance to earn payouts while they’re progressing through their trading journey, one milestone at a time.
Prices
The Milestone Plan is available in three account sizes. Unlike the other plans here, the Milestone Plan payment is a one time fee of:
- $50K: $445
- $100K: $555
- $150K: $665
The account can be reset only during phase one, and the cost of a reset is the same as the evaluation cost.
Evaluation Rules
There are four evaluation phases, and the trader receives a payout upon completion of each phase:
- Profit Target: 6%
- Maximum Trailing Drawdown: 3% (4% on the $50K)
- Maximum drawdown trails the EOD account balance
- Daily Loss Limit: None
- Consistency Rule: 20%
- In order to qualify for a payout, the profit from any trading day cannot exceed 20% of the overall profit made during the payout period
- Inactivity Rule: Must place at least one trade per seven day cycle during phase one, and one trade per fourteen day cycle during phases two to four
- Maximum Position Size: 3 minis or 9 micros per $50K of initial account balance
- Payout: Upon reaching the profit target during each evaluation phase, the trader can request a payout of:
- $50K account: $2,000
- $100K account: $2,500
- $150K account: $3,000
Live Funding
Once the trader has passed all four evaluation phases they will be given a live funded account with a static maximum drawdown limit of:
- $50K: $4,000
- $100K: $6,000
- $150K: $8,000
News Trading Restrictions
Traders on the Starter and Expert plans should avoid trading within 2 minutes of a tier 1 data release. This means that if a tier 1 data release is scheduled for 08:30 all positions should be closed by 08:28 or earlier and may only be reopened after 08:32.
Scaling Plan
There is only scaling on the Starter & Starter Plus plans, there is no scaling requirement on the Expert & Milestone plans.
Symbols & Trading Costs
- There is something here for most traders, with a wide range of futures contracts available from the Chicago Mercantile Exchange. There are futures contracts for currencies, metals, stock indices, crypto, and commodities.
- Spreads are tight.
- Commissions are low, but there are much lower commissions available at other futures firms.
- Trade execution is excellent
Trading Platforms
Trader Dashboard
The trader dashboard at My Funded Futures is really well designed and full of information. Most firms these days have well designed dashboards, but this one is particularly well designed with a very clean and easy to read layout.
Customer Support
Customer support is fast on live chat, but they can be a little vague in their responses. They have a very active Discord server which also appears to have fast support.
Education & Social Media
My Funded Futures and their CEO Matt Leech, are very active on X, and they have a lot of content on their YouTube channel.
They don’t have any structured educational material available.
Conclusion
Overall My Funded Futures is a superb futures prop firm with a great reputation and an excellent choice of funding programs.
Each of the programs has unique benefits that will suit different traders:
- Starter & Starter Plus Plans: Well suited to newer traders, with low prices and forgiving rules
- Expert Plan: Best for experienced and aggressive traders
- Milestone Plan: By far my favourite, the Milestone Plan is effectively an instant funding program, with payouts available upon completion of each evaluation phase. This is a really good value plan for profitable trades, giving them the chance to follow a clear path to a live funded account whilst achieving significant payouts along the way.
Whichever plan you choose you are not going to be disappointed, they’re all very good, and the firm has a great reputation for operating honestly and issuing payouts quickly.