MyFlashFunding LLC, headquartered in the Midwestern United States, is a proprietary trading firm led by CEO Blake Carter. Since its inception on April 23, MyFlashFunding has been offering traders an opportunity to prove their trading skills and get funded through its unique 1-Step and 2-Step Challenges.
In the 1-Step Challenge, traders face no time constraints. They must achieve a 10% profit target while maintaining a maximum daily loss of 4% and a maximum trailing loss of 6%. Successful traders can choose account sizes ranging from $10,000 to $200,000. The funded stage mirrors these parameters, ensuring consistency and clarity for traders.
The 2-Step Challenge follows a similar structure but involves two evaluation phases. Both steps require traders to hit a 6% profit target with a maximum daily loss of 4% and a maximum loss of 8%. Those who pass both phases and verification can become Flash Traders, earning 80% of profits with the potential to scale their accounts up to $2,000,000 based on performance.
MyFlashFunding partners with ThinkMarkets to provide traders with access to low spreads, high leverage, and a variety of trading instruments. The firm emphasizes transparency, ensuring no markups on spreads, commissions, or swap fees. Traders benefit from unrestricted use of various strategies, including EAs, trade copiers, and trading over weekends. The firm also allows scalping and trading on news releases, though traders must be aware of the associated risks.
One of the standout features of MyFlashFunding is its flexible trading period with no minimum trading days, allowing traders to take as long as needed to meet their objectives. Additionally, the firm offers a performance-based scaling plan, enabling account balances to grow significantly, and bi-weekly payouts to enhance traders' cash flow.
For withdrawals, Flash Traders enjoy an 80% profit split, with requests processed 14 days after the initial trade. However, withdrawals trigger an automatic account reset, allowing continuous trading without interruption.
While MyFlashFunding offers substantial benefits, it restricts services to residents of specific countries due to payment exchange regulations. Accounts inactive for 32 consecutive days are deactivated but can be reactivated upon request.
Traders can use Expert Advisors, hedging, and martingale strategies, though high-frequency trading EAs are prohibited. The firm ensures that commission fees remain straightforward, charging $7 per lot for Forex and Metals, and no fees for Indices, Crypto, or Oil.
