Seacrest Funded (Formely MFFX) is one of the most trusted prop firm in the whole prop firm space, Seacrest Funded was started in 2022. Based in Hong Kong Seacrest Funded is led by Matthew Leech. Seacrest Funded has already paid over 10 million dollars in just 2024. Seacrest Funded offer traders 5 different types of challenge accounts based on their likings and a fairly simple scaling plan with which traders can grow their account size up to $1 million.

Company Information of Seacrest Funded

Company Name : Seacrest Funded (Formely MFFX)

Company Legal Name : MyFunded Capital (HK) Ltd

Company Legal Number : 76252354

Company Address : Suite 1601, 16/F., AXA Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon, Hong Kong

CEO Name : Matthew Leech

Challenge Details of Seacrest Funded:-

Seacrest Funded offers 5 types of challenges, 1-Step Challenge, 2-Step Challenge, 3-Step Challenge, 1-Step Max Challenge and lastly 2-Step Max Challenge.

1-Step Evaluation of Seacrest Funded:

Prices:

• $5,000 : $50
• $10,000 : $100
• $25,000 : $200
• $50,000 : $300
• $100,000 : $500

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 4%
• Profit Share: 80%, With Add-ons 90%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Leverage: For Forex - 1:30, For Metals, Indices, Energy - 1:10, For Crypto - 1:2
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Days

2-Step Evaluation of Seacrest Funded:

Prices:

• $5,000 : $50
• $10,000 : $100
• $25,000 : $200
• $50,000 : $300
• $100,000 : $500

Rules:

• Profit Target(1 Phase): 8%
• Profit Target(2 Phase): 5%
• Total Loss: 8%
• Daily Loss: 5%
• Profit Share: 80%, With Add-ons 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: For Forex - 1:30, For Metals, Indices, Energy - 1:10, For Crypto - 1:2
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Days

3-Step Evaluation of Seacrest Funded:

Prices:

• $10,000 : $70
• $25,000 : $150
• $50,000 : $225
• $100,000 : $375

Rules:

• Profit Target(1 Phase): 6%
• Profit Target(2 Phase): 6%
• Profit Target(3 Phase): 6%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 80%
• Drawdown Type: Balance Based Drawdown
• Time Limit: Unlimited
• Leverage: For Forex - 1:30, For Metals, Indices, Energy - 1:10, For Crypto - 1:2
• Payout Frequency: 5 days
• Allows Copy Trading: Yes
• Min Trading Days: 1 Days

2-Step Max Evaluation of Seacrest Funded:

Prices:

• $5,000 : $38
• $10,000 : $75
• $25,000 : $140
• $50,000 : $210
• $100,000 : $425

Rules:

• Profit Target(1 Phase): 10%
• Total Loss(1 Phase): 10%
• Daily Loss(1 Phase): 5%

• Profit Target(2 Phase): 5%
• Total Loss(2 Phase): 8%
• Daily Loss(2 Phase): 4%
• Profit Share: 80%, With Add-ons 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: For Forex - 1:30, For Metals, Indices, Energy - 1:10, For Crypto - 1:2
• Payout Frequency: 14 days

Scaling Plan of Seacrest Funded :-

Seacrest Funded also offers an easy scaling plan, in which traders can scale their account size up to $1 million.

To scale up the account, Trader must have to make at least 12% of profit in 90 days period and the account should be fresh account at the starting balance. If the trader meet this criteria, Their account size will be increased by 25% of the initial balance every 90 days.

News Trading Rules of Seacrest Funded :-

Traders are only allowed to trade during news in their evaluation phases but in Live Funded accounts, It is strictly prohibited. 

Traders are not allowed to trade 3 minutes before and after a high impact news event or a red folder event.

If Traders have their opened positions then they can keep holding the trade open throughout the news but any modification in this 6 minutes window can trigger the breach. 

Please note that if a trader trades in between this 6 minutes window then any profit made in that trade will be removed and the trader will get a soft breach.

Other Things to keep in mind of Seacrest Funded:-

How is daily drawdown calculated of Seacrest Funded :

Daily Drawdown works differently for each Challenge account.

• For 1-Step Challenge: Daily Drawdown is Equity Based Drawdown.

• For 2-Step Challenge: Daily Drawdown is Balance Based Drawdown.

• For 2-Step Max Challenge: Daily Drawdown is Balance Based Drawdown.

• For 3-Step Challenge: Daily Drawdown is Balance Based Drawdown.

Countries Banned from Purchasing of Seacrest Funded :

There are few restricted countries which are not allowed to join Seacrest Funded due to regulatory restrictions. 
These countries are:-

• Cuba
• Iran
• Lebanon
• Syria
• North Korea
• Libya
• Russia
• Sudan
• Somalia
• South Sudan
• Pakistan
• Vietnam
• United Arab Emirates
• Hongkong
• Belarus
• Myanmar
• Central African Republic
• Democratic Republic of Congo
• Congo
• Ethiopia
• Iraq
• Nicaragua
• Venezuela
• Yemen
• Philippines
• Kenya
• Algeria
• Morocco

Strategies that are not allowed of Seacrest Funded :

Seacrest Funded does not allow these trading strategies :-

• Copy Trading for someone else
• Market purchased Copy Trading EA/Bots
• Group Hedging
• Reverse Trading/Hedging in your own account
• Public Account management services
• Letting someone else trade on your behalf
• High-Frequency Trading
• Tick scalping
• Any sort of arbitrage

Payout Methods of Seacrest Funded :

Seacrest Funded provides payout via 2 methods. Minimum Payout amount is $65.

• Riseworks
• Crypto

Trading Commissions of Seacrest Funded :

Commissions can vary based on the trading platform which the traders has chosen on Seacrest Funded.

For Match-Trader :-

• For Forex, Metals and Oils - $3 per lot

• For Indices and Crypto - $0 per lot

For cTrader :-

• For Forex, Metals and Oils - $6 per lot

• For Indices and Crypto - $0 per lot

For Platform 5 :-

• For Forex, Metals and Oils - $5 per lot

• For Indices and Crypto - $0 per lot