MyFundedCapital prop firm offers funded accounts with a maximum size of 100,000 USD and promises up to 100% payouts. This is a major red flag, as prop firms should make profits by sharing profits between traders and firms. 100% profit sharing only means the firm is not expecting to generate profits from the trader’s profits, which is typically a good indication of fraud.
In this MyFundedCapital review, we will assess the firm’s critical features, such as safety, rules, funding options, support, and more. After reading this review, you will define whether MyFundedCapital is a scam.
Pros & cons of MyFundedCapital prop firm
Pros
- Ability to withdraw with $0 fees
- Offers access to DXTrade, Match-Trader, MetaTrader 4, and MetaTrader 5
- Fast and digital account opening/verification
- Offers access to over 300 Forex pairs commodities, indices, and cryptos
- Most payment options are free and instant
Cons
- High profit target of 10%
- Lacks safety, there are no trader reviews, is not backed by a regulated broker
- Claims up to 100% profit share, which is a serious red flag
- Does not offer a scaling plan and requires 6 months of trading to get a 90% profit split
- Does not allow scalping strategies or martingale systems
Safety of MyFundedCapital – 0
MyFundedCapital reviews are zero on the FPA, and the firm also has reviews below 100 on Trustpilot. This means that we do not have sufficient information about what traders think about the firm and what their trading experience is. The firm also lacks experience in the prop trading sector, as it was established in 2024. The third most important factor of safety is to check if the firm is backed by a regulated broker. MyFundedCapital is not backed by any broker and only provides simulated trading or demo trading, meaning there is no possibility to access the live market with real funds.
The firm gets a 0 score in this section for offering absolutely no safety guarantees.
MyFundedCapital Funding and maximum capital allocation – 2.5
MyFundedCapital funded programs are two, 1-step and 2-step challenge types. Both accounts come with the same funding range between 5k and 100k USD amounts.
MyFundedCapital funding options include 5k, 10k, 25k, 50k, and 100k USD amounts. The 1-step challenge is suitable for seasoned traders, while the 2-step accounts are more suitable for beginner traders. The only issue so far is the safety of the firm, which is not satisfactory, and we advise our readers to exercise extra caution when selecting MyFundedCapital challenges.
MyFundedCapital scaling plan is not available at the moment, which is a big downside for the firm.
Overall, the firm gets a 2.5 score in this section for lacking a wide range of funding and a scaling plan.
MyFundedCapital Assets – 3
MyFundedCapital prop trading is possible by speculating on the following markets: Forex pairs, commodities, indices, and cryptos. The firm has 1:30 leverage for all funded accounts. Forex pairs include major and minor currency pairs. There are no other asset types, such as stocks or futures.
The firm gets a 3 score in this section.
MyFundedCapital Trading rules and limitations – 1.2
MyFundedCapital rules are strict as traders can not use scalping strategies, meaning they have to opt for strategies that have lower win rates and higher risks, making it a lengthy and tricky process to get funded. This is a red flag and a serious downside for the firm. Martingale and high-frequency robots are also prohibited, which is standard for prop firms.
EAs, or automated trading systems (Expert Advisors), are allowed together with weekend holding and news trading. The profit target in phase 1 is 10%, and it is reduced to 5% for phase 2. The daily loss limit is 5%, and the maximum drawdown limit is 10%. The maximum leverage is 1:30 for both challenges and can not be increased any further. These rules are exactly the same for 1-step and 2-step challenge types.
Overall, the firm gets a 1.2 score in this section.
MyFundedCapital Fees – 3
The firm has competitive fees on both funded account types. Let’s consider each of them.
The 1-step MyFundedCapital one-time fees are as follows:
- Funded amount: 5k USD – 59 USD
- 10k USD – 89 USD
- 25k USD – 189 USD
- 50k USD – 289 USD
- 100k USD – 469 USD
The 2-step MyFundedCapital one-time fees are as follows:
- Funded amount: 5k USD – 35 USD
- 10k USD – 65 USD
- 25k USD – 149 USD
- 50k USD – 249 USD
- 100k USD – 429 USD
Overall, the pricing is low, especially on 2-step challenges.
MyFundedCapital free trial is not offered at the moment, and the MyFundedCapital free repeat is not available either, which is a downside.
Overall, the firm gets a 3 score in the fees section.
MyFundedCapital Platforms – 4
MyFundedCapital offers access to a wide range of advanced training platforms including DXTrade, MT4, MT5, and Match-Trader. All these platforms are advanced with advanced capabilities, especially MT4 and MT5 software. Mobile trading is available, and traders can use custom indicators.
Overall, the firm gets a 4 score in this section for offering a good range of advanced platforms.
MyFundedCapital Profit-Sharing – 2
MyFundedCapital profit split is up to 100%, which is a huge red flag. The profit share starts at 80% and can go up to 90% after 6 months of consecutive successful performance. The 100% is more like a marketing gimmick than a real offering, and the firm gives up to a 90% profit split only after 6 months of profitable trading, which is tricky to achieve.
Overall, the firm gets a 2 score in this section as it only offers 80% profit share and has strict rules to get even 90%.
Education and trading tools at MyFundedCapital – 0
The firm does not provide any educational resources such as courses, videos, or webinars. There is a trading blog, but it offers interesting facts about prop trading and can not be used for financial trading education. There are also no tools to allow traders to measure their performance.
Overall, the firm gets a 0 score in this section for offering absolutely no educational resources.
Customer Support at MyFundedCapital – 3.6
The firm’s customer support consists of live chat and email channels. There is also phone support available, which is very good for quick contact. Both the website and support are available only in the English language. As a result, the firm gets a 3.6 score in this section.
Frequently Asked Questions on MyFundedCapital
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