Note : MyFlashFunding is now a part of SwayFunded, a broker backed Prop Firm provided by SwayMarkets. If you are willing to purchase any challenge from MyFlashFunding, Please head to SwayFunded.

Company Information

Company Name: MyFlashFunding
Company Legal Name: MyFlashFunding LLC
Company Registration No.: LC014459612
Operating Since: April 2023
CEO Name: Blake Carter

Challenge Details

1-Step Challenge

Pricing:

$10,000 Account: $107
$25,000 Account: $207
$50,000 Account: $307
$100,000 Account: $507
$200,000 Account: $1007

Rules:

Profit Target: 10%
Total Loss: 6%
Daily Loss: 4%
Profit Share: 80%
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage: Fx 1:100, Indices 1:10, Gold & Commodities 1:20, Crypto 1:2
Max Lot Size: Undisclosed
Payout Frequency: 14 Days
Allows Copy Trading: Yes
Min Trading Days: 0 Days

2-Step Challenge

Pricing:

$10,000 Account: $97
$25,000 Account: $187
$50,000 Account: $297
$100,000 Account: $497
$200,000 Account: $977

Rules:

Profit Target (Phase 1): 6%
Profit Target (Phase 2): 6%
Total Loss: 8%
Daily Loss: 4%
Profit Share: 80%
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage: Fx 1:100, Indices 1:10, Gold & Commodities 1:20, Crypto 1:2
Max Lot Size: Undisclosed
Payout Frequency: 14 Days
Allows Copy Trading: Yes
Min Trading Days: 0 Days

Scaling Plan

MyFlashFunding offered an exciting scaling plan with which traders could grow their accounts to a maximum $2 Million. A 12% profit over three months or an average of 4% per month over the same period qualifies for a 30% increment in account balance. The daily loss and maximum total loss limits scale alongside the account balance.

Spreads and News Trading Rules

Spreads

MyFlashFunding utilized ThinkMarkets, with which they offered low spreads, high leverage and diverse trading instruments. The firm guarantees transparency with no markups on spreads, commissions, or swap fees.

News Trading Rules

MyFlashFunding permitted trading during news releases at any stage of the challenge.

Other Important Rules

Daily Drawdown Calculation

MyFlashFunding calculated daily drawdown based on the higher value between the equity or balance at the end of the each day at 5PM EST. The Drawdown used here was Equity EOD and the limit could increase or decrease based on the account balance.

Countries Banned from Purchasing

MyFlashFunding’s services are unavailable to residents of certain countries due to payment restrictions, including 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 listed on the SDN List.

Prohibited Trading Strategies

MyFlashFunding prohibited the following strategies:

Platform or data freezing due to a demo server error.
Trading with delayed data feeds or charts.
Tick scalping
High-frequency trading
Arbitrage bots
Reverse arbitrage
Latency arbitrage
Hedge arbitrage
Any emulator-based strategies.

Payout Methods

MyFlashFunding supported multiple payout methods which included Crypto, Deel, PayPal, and Wire/Bank Transfers.

Trading Commissions

Trading Commissions set by MyFlashFunding were as follows:

Forex/Metals: $7 per lot
Indices/Crypto/Oil: $0 per lot

IP Rule

MyFlashFunding had not mentioned any IP Rule on their platform.

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