My Funded Capital prop firm is a financial company that offers funded accounts with up to 100,000 USD in funding. The firm is young and has very limited online coverage and trader reviews. The firm offers 1-step and 2-step funded account types, with funding options ranging from 5k to 100k USD. The firm does not disclose information about its partner broker, making us think that it is acting as a broker for its own accounts.
In today’s My Funded Capital review, we are going to assess the firm’s critical features such as reliability, rules, assets, funding options, platforms, fees, support, and more.
Pros & cons of My Funded Capital prop firm
Pros
- Ability to withdraw with $0 fees
- Most payment options are free and instant
- Fast and digital account opening/verification
- Offers access to Forex, cryptos, indices, and commodities
Cons
- High profit target of 10%
- Strict trading rules
- Very inexperienced in the industry, low transparency regarding partner brokers and platforms
- Does not offer access to advanced platforms like MT4, and MT5
- Does not offer educational resources
- Lacks multilingual support and hotline
- Low maximum drawdown limit of 6%
Quick rating of My Funded Capital and its features
| FPA Score | Not yet rated |
| Year founded | 2023 |
| Headquarters | Dubai, UAE |
| Minimum audition fee | 52 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 5,000 USD |
| Maximum funded amount | 100,000 USD |
| Allowed daily loss | 5% |
| Profit target | 10% |
| Maximum trailing drawdown | 6% |
| Profit sharing (Payouts) | 80% |
| Trading Platforms | Web platform |
| Available trading markets | Metals, Indices, FX, and Crypto |
Safety of My Funded Capital — 0
My Funded Capital reviews are lacking on both FPA and Trustpilot, as the firm was recently established. There are only 7 reviews on Trustpilot, and it is difficult to conclude whether the firm can be trusted. My Funded Capital is also shy to disclose the exact name of its partner broker, meaning there is a high chance the firm is acting as a broker and provides a simulated trading environment.
The firm gets a 0 score in this section for not disclosing information about the broker and being unreliable.
My Funded Capital Funding and maximum capital allocation — 3
My Funded Capital funded programs are two, 1-step evaluation accounts, and two-step evaluation accounts. Both funded account challenges offer exactly the same funding options including, 5k, 15k, 25k, 50k, and 100k US dollars. There is an ongoing discount for all funded accounts, which makes the pricing pretty competitive. However, the firm lacks crucial safety features to suggest purchasing its challenges to our readers. When something seems too good to be true, it probably is.
My Funded Capital funding options do not offer lower than a 5k funded amount, which is unfortunate for beginner traders who might wish to access lower funded accounts and slowly increase their account size as they learn to trade.
The 1-step My Funded Capital challenges require traders to hit the profit target once without breaching rules to get funded and start trading on a simulated trading account, while the 2-step accounts require 2 phases to get funded.
My Funded Capital scaling plan is not available at the moment, meaning traders will have to buy several accounts and combine them if they want to increase maximum funding, which is uncomfortable. Overall, My Funded Capital receives a 3 score in this section for offering above-average funding options.
My Funded Capital Assets — 3.5
My Funded Capital prop trading assets are limited in diversity and number. The firm only offers metals (commodities), indices, Forex, and cryptos for trading. There are no other commodities except metals, and no stocks are offered. We were not able to find out exact spreads and commissions despite the firm claiming raw spreads as low as possible. Despite these inefficiencies, the firm managed to receive a 3.5 score in this section.
My Funded Capital Trading rules and limitations — 1.2
My Funded Capital rules are strict and include a 10% profit target, which is a tricky number to achieve in a short period of time. Two-step accounts have similar rules as 1-step accounts and the only difference is a 10% maximum drawdown on the 2-step account, while it is 6% for the 1-step account, making it stricter. These rules are mediocre, and the firm is not much different from many low-score firms we have reviewed. The daily risk limit is 5% for both accounts, which is the industry average. Overall, My Funded Capital receives a 1.2 score in this section.
My Funded Capital Fees — 2.5
When it comes to fees for funded accounts, My Funded Capital offers competitive one-time fees starting from 52 USD for the 5k 2-step challenge accounts. The one-time fee for the same funding option of a 1-step account starts from 60 dollars.
My Funded Capital free trial is not offered at the moment, and traders are unable to test services before they can purchase the accounts.
My Funded Capital free repeat is not offered either, and traders will need to purchase the funded account to start over. There are ongoing price discounts for all funded amounts of 20%. The firm receives a 2.5 score in this section.
My Funded Capital Platforms — 0.9
The firm is shy to disclose exactly which platforms it offers, and we assume it is a custom web platform built into its dashboard, just like with other suspicious prop firms. Web platforms are typically very limited in their functionality and execution speeds, making it difficult to reasonably analyze markets with technical tools. Because of this, the firm only receives a 0.9 score in this section.
My Funded Capital Profit-Sharing — 1
My Funded Capital profit split is capped at 80% and traders can only increase it using paid upgrades up to 90%. The withdrawals can be processed after 5 days of trading on funded accounts. The firm receives a 1 score in this section for not offering higher payouts on default.
Education and trading tools at My Funded Capital — 0.5
There are no educational materials offered by My Funded Capital, except a trading blog that consists of articles and posts about tips for financial trading. The blog can not be a full solution for a decent trading education, but still offers some basic knowledge and insights.
Overall, the firm receives a 0.5 score in the education section.
Customer Support at My Funded Capital — 2.4
When it comes to customer support services, My Funded Capital offers two channels, email and live chat., There is no hotline support which is directly a red flag. When prop firms do not disclose their phone numbers, they are usually not fair and transparent with their clients. The website and support are only available in the English language, which is not sufficient for the firm to receive a decent score in this section. Overall, my Funded Capital receives a 2.4 score in the support section for offering mediocre support services.
Frequently Asked Questions on My Funded Capital
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Is My Funded Capital a good prop firm?
