My Funded Capital is a proprietary trading firm based in Dubai, UAE. The firm specializes in offering traders the opportunity to manage funded accounts by completing their trading challenges. With My Funded Capital, traders can access up to $100,000 in capital, with a profit split of up to 90%.

Their challenges are designed to test both the technical and psychological aspects of trading, ensuring only the best traders make it through. Traders who pass these challenges are granted access to live accounts, where they can continue trading and growing their accounts under MyFundedCapital’s umbrella.

Company Information

Company Name: My Funded Capital

Company Legal Name: MFC Technologies LLC FZ

Company Registration Number: 2312107.01

Country of Registration: United Arab Emirates (AE)

CEO Name : Nicolaas Gelevert

Support Email: [email protected]

Phone: +971 58 528 9939

Challenge Details

My Funded Capital offers two main types of challenges:

1. One-Phase Challenge
2. Two-Phase Challenge

Here are the details :-

One-Phase Challenge

The One-Phase Challenge is a streamlined evaluation process that allows traders to get funded after passing just one phase. It’s a quicker way to get funded, but it requires strict adherence to trading rules.

Challenge Details

• Account Sizes & Pricing:
  • $5,000 for $59
  • $15,000 for $89
  • $25,000 for $189
  • $50,000 for $289
  • $100,000 for $469
• Profit Target: 10% profit target to pass the challenge.
• Drawdown Type: Equity-Based Drawdown with a 6% maximum trailing drawdown.
• Daily Loss: 5% 
• Leverage: 1:30 leverage is available on the account.
• Profit Share: 80%, scale up to 90% based on performance.
• Time Limit: No maximum time limit for completing the challenge.
• Minimum Trading Days: 5 days 
• Copy Trading: not allowed
• Payout Frequency: 7 Days

Two-Phase Challenge

Challenge Details

• Account Sizes & Pricing:
  • $5,000 for $35
  • $15,000 for $65
  • $25,000 for $149
  • $50,000 for $249
  • $100,000 for $429
• Phase 1: 10% 
• Phase 2: 5% 
• Daily Loss: 5% 
• Leverage: 1:30 
• Profit Share:  80% and scales up to 90% over time.
• Time Limit: Unlimited
• Minimum Trading Days: 5 days 
• Copy Trading: not allowed
• Payout Frequency: 7 Days

Scaling Plan

My Funded Capital  does not offers a scaling plan currently.

Spreads

Spreads are competitive and determined by GooeyTrade, the broker used by My Funded Capital. Traders can expect tight spreads on Forex, Crypto, Indices, Commodities, and Metals.

News Trading Rules

My Funded Capital allow traders  trade during news events without any restrictions.

Other Things to Keep in Mind

How is the Daily Drawdown Calculated?

My Funded Capital calculates Daily Loss Limit based on the previous day’s balance, this is balanced-based drawdown which means the drawdown limit does not change based on the floating equity of the account and only increases when the account reaches new high watermark.

Countries Banned from Purchasing

My Funded Capital restricts traders from certain regions, including Pakistan, Vietnam, and any countries on the OFAC list. Traders can check the OFAC sanctioned countries here - https://ofac.treasury.gov/sanctions-programs-and-country-information

Strategies That Are Not Allowed

To maintain a fair environment, My Funded Capital prohibits few trading strategies such as :

• Martingale
• High Frequency Trading
• Scalping
• Arbitrage
• Gambling/Punting
• Cheating
• Collusion
• Hedging

Payout Methods

My Funded Capital allow traders to withdraw their profits via:

• Wire Transfer
• Bank Transfer
• PayPal
• Crypto

Trading Commissions

My Funded Capital uses RAW accounts from the broker, so traders can expect commissions on Forex and Equity CFDs, but other products do not carry commission fees.

IP Rules

The firm reserves the right to monitor IP usage and restricts the use of multiple IPs or VPNs for security and compliance reasons.