MyFlashFunding, a trading challenge platform, is gaining recognition among aspiring traders looking for opportunities to showcase their skills and earn substantial profits. In this article, we'll delve into the details of MyFlashFunding, including its Company Overview, Challenge Details, Partnership and Trading Conditions, Advantages of MyFlashFunding, Payout System, restricted Countries, Inactivity Policy, Trading Strategies, and more. If you're eager to discover a platform that offers flexibility, transparency, and potential financial rewards, MyFlashFunding might be the answer you've been looking for.

Company Overview

Name: MyFlashFunding

Legal Name: MyFlashFunding LLC

CEO: Blake Carter

Inception Date: Started on April 23

Location: Registered in the Midwestern United States

Challenge Details

MyFlashFunding LLC presents traders with two main challenges: the Step 1 Challenge and the Step 2 Challenge.

Two Phase Challenge Details

Phase 1 Details

• Trading Period: Unlimited and indefinite
• Minimum Trading Days: None required
• Maximum Daily Loss: Capped at 4%
• Maximum Trailing Loss: Capped at 8%
• Profit Target: Set at 6%
• Account Sizes Available: $10,000, $25,000, $50,000, $100,000, and $200,000

Phase 2 Details

• Trading Period: Unlimited and indefinite
• Minimum Trading Days: None required
• Maximum Daily Loss: Capped at 4%
• Maximum Loss: Capped at 8%
• Profit Target: Set at 6%
• Account Sizes Available: Same as Step 1 Challenge

One Phase Challenge Details

Phase 1 Details

• Trading Period: Unlimited and indefinite
• Minimum Trading Days: None required
• Maximum Daily Loss: Capped at 4%
• Maximum Trailing Loss: Capped at 6%
• Profit Target: Set at 10%
• Account Sizes Available: $10,000, $25,000, $50,000, $100,000, and $200,000

Flash Trader

Becoming a Flash Trader is an achievement that opens doors to significant benefits. Flash Traders can earn 80% of the profits and may receive increased account balances according to the company's scaling plan.

Partnership and Trading Conditions

MyFlashFunding has partnered with ThinkMarkets, offering traders features such as low spreads, high leverage, and a wide range of trading instruments. The platform ensures transparency by eliminating markups on spreads, commissions, or swap fees.

Advantages of MyFlashFunding

• 6% Profit Target: MyFlashFunding sets a realistic profit target, creating a stress-free trading experience for its users.
• No Restrictions: Traders have the freedom to employ various trading strategies, including Expert Advisors (EAs), trade copiers, and weekend trading.
• Unlimited Time: MyFlashFunding grants traders the freedom to take as much time as needed to achieve their trading objectives.
• Scaling Plan: The platform offers a performance-based scaling plan that can increase account balances up to $2,000,000.
• Bi-Weekly Payout: MyFlashFunding provides an option for bi-weekly payouts, offering a competitive edge in the industry.
• Fastest Funding: Traders can potentially become Flash Traders in 24 hours or less, with no minimum trading days required.

Payout System

• Profit Split: Flash Traders receive an 80% profit split.
• Payout Frequency: Requests can be made on-demand and are processed 14 days after the initial trade.
• Account Reset: Withdrawals trigger an automatic account reset for continuous trading.

Restricted Countries

It's essential to note that MyFlashFunding services are not available to residents of certain countries due to payment exchange restrictions. These countries include Afghanistan, Burundi, Central African Republic, Congo, Cuba, Crimea, Eritrea, Guinea, Guinea-Bissau, Iran, Iraq, Kenya, Lebanon, Liberia, Libya, North Korea, Pakistan, Papua New Guinea, Sudan, Somalia, South Sudan, Syria, Russia, Vietnam, Vanuatu, Venezuela, Yemen, Zimbabwe, and individuals on the SDN List.

Inactivity Period

Accounts on MyFlashFunding will be deactivated after 32 consecutive days of inactivity. To reactivate your account, you'll need to contact MyFlashFunding.

Expert Advisors (EAs) and Trading Strategies

MyFlashFunding allows the use of Expert Advisors (EAs), hedging, martingale strategies, and trade copiers. However, high-frequency trading (HFT) EAs are not permitted.

Scaling Plan

Traders have the opportunity to grow their account to a maximum of $2,000,000. Achieving a 12% profit over three months or an average of 4% per month over the same period qualifies for a 30% increase in account balance. Daily loss and maximum total loss limits scale with the account balance.

Trade Copier Usage

Copy trading is permitted within MyFlashFunding accounts and from personal accounts legally bound to the account holder. However, copying trades to other traders' accounts or engaging in prohibited copy trading activities can lead to account deactivation and forfeiture of profits.

Overnight and Weekend Trading

MyFlashFunding allows traders to hold positions overnight and over weekends. It's important to be aware of ThinkMarkets, the trading platform partner, specific maintenance windows to manage the risks associated with market gaps during weekends.

Trading News with MyFlashFunding

MyFlashFunding permits trading on news releases at any stage of the challenge. However, traders should exercise caution due to the high volatility and unpredictability associated with news trading. Extensive research and understanding of the risks are essential before engaging in news release trading.

Simulated Max Daily Loss and Max Total Loss in the 2-Step Evaluation

• Simulated Maximum Daily Loss: Set at 4% of the virtual account balance for both 1 & 2 Step Evaluations.
  • Calculation: Each day at 5 PM EST, the greater of the account balance or equity is reduced by 4% to establish the new daily loss limit.
  • Reset Time: The max daily drawdown resets daily at 5 PM EST. Trades should not be executed from 4:57 PM to 5:03 PM EST to avoid technical issues.
• Simulated Maximum Total Loss: Capped at 8% of the virtual account balance.
  • Example: On a $100,000 account, the equity must not drop below $92,000, including unrealized positions.
  • Violations: Breaching these limits results in termination of the simulated account and disqualification from the program, including adjustments for simulated commissions, swap fees, and dividends.

In conclusion, MyFlashFunding offers a unique opportunity for traders to challenge themselves, showcase their skills, and potentially earn substantial profits. With its flexible trading conditions, transparent partnership with ThinkMarkets, and a comprehensive scaling plan, it's worth exploring for traders looking to take their journey to the next level.