MyFundedFutures: An In-Depth Review - Payouts, Rules, Guide, and Discount

Overview

Why Choose MyFundedFutures?

MyFundedFutures (MFFU) positions itself as more than just a prop firm; they emphasize community and trader growth. They aim to empower traders by providing:

• Funded Opportunities: A chance to trade with the firm's capital after passing an evaluation, keeping a significant profit share.
• Market Insights: Resources like news and analysis to help traders make informed decisions.
• Risk Management Tools: Emphasis on responsible trading with tools and guidelines to foster discipline.
• Community: Access to a Discord community for collaboration and learning.
• Transparency: Commitment to straightforward policies, payout structures, and trading rules.

How the MyFundedFutures Program Works

MFFU offers several distinct pathways for traders, generally following a progression:

1. Evaluation Phase: Traders choose an evaluation plan (e.g., Starter, Starter Plus, Expert, Milestone, 1-Step/2-Step Eval-to-Live) and must meet specific profit targets while adhering to evaluation rules, particularly the Max End-of-Day (EOD) Drawdown. Some plans involve subscriptions, while others are one-time fees. Consistency rules may apply depending on the plan.
2. Simulated Funded Account (Sim Funded): After successfully passing an evaluation (excluding Eval-to-Live plans), traders move to a Sim Funded account. Here, they trade in a simulated environment but can request real payouts based on performance and adherence to funded account rules. Consistency rules often apply here.
3. Live Funded Account: Consistently profitable traders demonstrating adherence to rules in the Sim Funded stage (or those completing Eval-to-Live plans) may be invited to trade a Live Funded account with real capital. Live accounts have different rules, including static drawdowns, potentially customizable daily loss limits, and distinct payout agreements.

MyFundedFutures Account Options

MFFU offers a variety of account plans catering to different trading styles and goals:

• Starter: Aimed at beginners or those seeking a guided approach. Features a Daily Loss Limit (soft breach), scaling plan, 40% consistency rule in funded stage, and potential weekly payouts after 5 winning days. No activation fee. Easiest path to Live funding.
• Starter Plus: Similar to Starter but with a 50% consistency rule only during evaluation, no consistency rule once funded, no Daily Loss Limit, and no Tier 1 news restrictions.
• Expert: Designed for experienced traders seeking flexibility. Features no consistency rule, no daily loss limit, no scaling constraints (but adhere to max contracts), and bi-weekly payouts.
• Milestone: A multi-phase (4 phases) plan with one-time payment. Traders earn payouts after completing each phase. Features a 20% consistency rule throughout phases, no DLL, no scaling, and no Tier 1 news restriction. Resets only possible in Phase 1. Leads to a Live Account after Phase 4.
• 1-Step & 2-Step Eval-to-Live: Streamlined plans designed to lead directly to a Live Funded Account after passing evaluation. Have specific consistency rules during evaluation. Transition to a live account with an initial allocation and a scaling plan.

Rules of the MyFundedFutures Program

Understanding and adhering to MFFU's account rules is essential for success. Key regulations include:

• Max End-of-Day (EOD) Trailing Drawdown: This is a primary rule across most accounts. It's calculated based on your balance at the end of the trading day (4:10 PM EST). If your balance increases, the minimum allowed balance trails it upwards. It does not decrease if your balance drops. In Sim Funded accounts, the EOD drawdown locks in at the initial starting balance plus $100 once that threshold is surpassed. For Live accounts in the Eval-to-Live path, it starts as EOD Drawdown and locks at the initial allocation after making the initial balance in profit.
• Daily Loss Limit (DLL): Applies to Starter accounts during evaluation and funding  and Live accounts in the Eval-to-Live path. This is a soft breach, stopping you from trading for the remainder of that trading day but not failing the account unless the Max EOD Drawdown is also breached. Expert and Milestone plans do not have a DLL.
• Consistency Rule: This rule applies to specific plans and stages to ensure profits aren't reliant on a single large day.
  • Starter: No consistency rule during evaluation. 40% consistency rule applies in the Sim Funded stage for payouts. (Meaning no single day's profit can exceed 40% of total profit for that payout cycle). Reset after each payout.
  • Starter Plus: 50% consistency rule during evaluation only. No consistency rule once funded.
  • Expert: No consistency rule during evaluation or funded stage. However, MFFU expects consistent trading behavior regarding position sizing and strategy. Breaching the "Consistent Trading Policy" can lead to restrictions or termination.
  • Milestone: 20% consistency rule applies during all phases (Phase 1-4).
  • 1-Step Eval-to-Live: 20% consistency rule during evaluation.
  • 2-Step Eval-to-Live: 40% consistency rule during Phase 1, 50% during Phase 2.
  • Violation Impact: Not meeting the consistency rule generally doesn't fail the account but prevents payouts until the rule is met by accumulating more profit.
• Scaling Plan: Applies to Starter accounts  and Live accounts from Eval-to-Live plans. Limits the number of contracts based on account balance/profit. Expert  and Milestone  plans do not have scaling rules.
• Maximum Contracts: Each account plan and size has a hard limit on the total number of contracts (mini or micro equivalent) allowed open simultaneously. Intentionally bypassing limits via cross-instrument trading is prohibited. Note: MBT (Micro Bitcoin) is treated as a mini contract due to volatility.
• Trading Hours: Permitted trading from 6:00 PM EST to 4:10 PM EST. Positions are auto-liquidated at 4:10 PM EST on regular days. During holiday hours, traders are responsible for closing positions before the market close, or it results in a breach. Trading illiquid hours is allowed but at the trader's own risk.
• News Trading:
  • Prohibited Activities: Using strategies specifically designed to exploit news (straddles, strangles), masking news trades.
  • Standard Protocol: Must stick to regular strategy; no open positions or orders 2 minutes before and 2 minutes after ALL news releases.
  • Tier 1 Data (FOMC, Employment Report, CPI, EIA, Ag Reports): Stricter rule - No positions/orders 2 minutes before/after. Applies to Starter and Expert Sim Funded accounts. Milestone and Starter Plus accounts are exempt from T1 restrictions. Eval-to-Live accounts are exempt during evaluation but discouraged during Live. Trading other news is allowed if part of regular strategy, but at trader's risk.
• Prohibited Trading Practices:
  • Automation: Fully automated trading using AI, bots, or third-party automation tools (like SignalStack) is strictly prohibited. Semi-automated trading is allowed only if actively monitored and managed by the trader.
  • Exploitative Strategies: Exploiting simulated fills, gapped/illiquid markets, or lack of slippage is forbidden. High-frequency scalping (over 200 trades/day) via automation is restricted. Placing multiple limit orders at the same price is banned. Microscalping (trades <15 seconds, <5 points profit) is generally discouraged/problematic.
  • Account Sharing/Copying: Trading must be done exclusively by the account owner. Sharing devices (PC, phone) with other traders is forbidden. Copy trading between MFFU users is prohibited. Collaborative trading across unconnected accounts is banned.
  • Compliance: Must adhere to CME Group rules.
• Inactivity: Sim Funded accounts require at least one trade per 7-day cycle to remain active. Milestone accounts have a 7-day inactivity limit in Phase 1, and 14 days in Phases 2-4. Eval-to-Live plans have no inactivity limit during evaluation, but a 7-day limit in Phase 2 (2-Step plan).
• 2% Price Limit Rule: Trading is prohibited when an instrument is within 2% of its CME price limit (up or down). Applies to Sim Funded and Live Funded accounts.

Best Practices to Pass Your MyFundedFutures Evaluation

Success in MFFU evaluations hinges on discipline and understanding the specific evaluation rules:

• Know Your Plan: Fully grasp the parameters of your chosen plan (Starter, Expert, Milestone, etc.) – especially the Max EOD Drawdown, consistency rules (if any), and contract/scaling limits.
• Respect the Drawdown: The Max EOD Drawdown is the hard limit. Set your personal stop losses well above this level.
• Manage Daily Risk: If your plan has a DLL (Starter), respect it as a sign to stop for the day, even though it's a soft breach. Set personal daily loss goals even if the plan doesn't have a DLL.
• Trade Consistently: Especially for plans with consistency rules (Milestone, Eval-to-Live, Starter Funded), aim for steady gains rather than home runs. Even on Expert, consistent sizing and strategy are expected.
• Adhere to Prohibited Rules: Avoid any restricted strategies, news trading during prohibited windows, excessive leverage, or automation.
• Stay Active: Meet the minimum trading day requirements if applicable to your plan/stage.
• Plan Your Trades: Define entry, exit, and stop-loss levels before entering trades. Journal your trades for review.

Payout Structure and Profit Sharing

MFFU offers different payout policies depending on the account plan:

General Payout Information:

• Profit Split: For standard plans (Starter, Expert), traders keep 100% of the first $10,000 in profits paid out, then a 90/10 split (90% to trader) thereafter. For Eval-to-Live plans, the split is 80% from the start in the Live account.
• Processing: Payouts are processed via Riseworks. KYC is required before the first payout. Processing time is typically 1-3 business days for Expert  and faster (6-12 hours, Mon-Fri) for Starter.

Payout Eligibility & Frequency:

• Starter / Starter Plus: Eligible for payout request after 5 winning days (>$100/$200/$300 depending on size). Requires meeting the 40% consistency rule (Starter only). Minimum withdrawal is $250. Need to be net positive by $500 between requests. Withdrawal amount is limited per cycle until 30 winning days or 5 payouts.
• Expert: Eligible every 14 calendar days after the first trade. Requires being above the "Buffer Zone". Minimum withdrawal is $1,000.
• Milestone: Payouts ($2k/$2.5k/$3k depending on size) are earned after successfully completing each of the 4 phases, provided the 20% consistency rule is met.
• Eval-to-Live (Live Stage): Eligible for payouts daily (once every 24 hours). Minimum withdrawal is $200. The initial allocation is not withdrawable.

Expert Plan Buffer Zone & Closing Payouts:

• Buffer Zone: A profit threshold ($52.1k, $103.1k, $154.6k for 50k/100k/150k accounts respectively). Before reaching the full buffer, traders can withdraw up to 60% of profits (min $1k). Taking a payout resets the buffer to $0 and forfeits the remaining drawdown.
• Closing Payout: If closing an Expert account, a percentage of the remaining net reserves (profits not withdrawn) is paid out based on account duration: 20% (<45 days), 50% (46-90 days), 90% (90+ days).

Live Bonus Program (Eval-to-Live Path):

• Traders reaching Live via 1-Step or 2-Step plans are eligible for bonuses based on the number of evaluations passed and achieving sets of 5 winning days with specific profit targets.
• Additional recurring bonuses are available for achieving 30 winning days with minimum balance requirements. Bonuses can be added to capital or taken as payout.

Final Thoughts

MyFundedFutures offers a wide array of evaluation paths, catering to different trader preferences for rules, consistency requirements, and payout structures. The introduction of plans like Milestone and Eval-to-Live provides interesting alternatives to traditional subscription models, offering chances for payouts during phases or direct paths to live trading. The high initial profit split (100% on first $10k) on standard plans is attractive.

However, the complexity of having numerous plans with varying rules (especially regarding consistency, DLL, scaling, and news trading) requires careful reading and understanding before choosing. The EOD drawdown, while offering intraday flexibility, still demands rigorous risk management. Prohibited activities, particularly around automation and certain trading styles, are strict.

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