MyFlashFunding Review
Let's dive into our MyFlashFunding review about a proprietary trading firm dedicated to empowering skilled and experienced traders to fully unleash their potential and secure a funded trading account. Recognizing the critical role that adequate capital and a robust trading strategy play in financial market success, MyFlashFunding offers traders the opportunity to manage accounts up to $200,000 and benefit from an 80% profit split. This can be achieved through trading a diverse array of financial instruments such as forex pairs, commodities, indices, and cryptocurrencies. MyFlashFunding is committed to providing traders with the resources and flexibility they need to generate substantial profits and advance in their trading careers.
- Platforms for trading: MetaTrader4 and MetaTrader 5
- Three Unique Funding Programs: Diverse options tailored to various trader skill levels and strategies.
- Professional Trader Dashboard: Advanced tools and analytics at your disposal.
- Extensive Range of Trading Instruments: Trade a variety of assets including Forex pairs, commodities, indices, and cryptocurrencies.
- High Leverage Opportunities: Up to 1:100 leverage, enhancing your trading potential.
- Unrestricted Trading Period: No maximum trading period limits, offering flexibility in trading strategies.
- No Minimum Trading Day Requirements: Trade as frequently or as infrequently as your strategy dictates.
- Scalable Growth Plan: Beneficial scaling plan that encourages consistent trading success.
- Prompt First Payout: Receive your first payout just 14 days after starting.
- Weekly Payouts Post-Initial Payout: Regular weekly payouts following the first.
- Generous Profit Share: Earn an 80% profit share on successful trades.
- Flexible Holding Options: Overnight and weekend positions are permissible.
- Open News Trading: Engage in trading around major news events.
- No Commission Fees: Enjoy zero commission on trades involving oils, indices, and cryptocurrencies.
Go to the MyFlashFunding website >>>
Expert Advisors Suitable for this Prop Firm:
MyFlashFunding Funding Programs
MyFlashFunding LLC, established on April 27, 2023, is a proprietary trading firm based in Missouri, United States, helmed by CEO Blake Carter. This firm offers traders several choices in how they approach their trading careers, including three different account types and evaluation processes—two two-step evaluations and a simpler one-step evaluation. MyFlashFunding has partnered with ThinkMarkets as their broker, providing their traders with robust support and a reliable trading platform. This arrangement underscores their commitment to facilitating traders’ success by offering a structured yet flexible path to manage significant trading accounts and leverage professional trading conditions.
Flash Challenge Funding Program
Profit Target: Traders are required to reach a specific profit target to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for both Phase 1 and Phase 2 is set at 6%. Funded accounts, however, do not have designated profit targets, allowing more flexibility in trading strategies.
Maximum Daily Loss: There's a set limit on the loss a trader can incur in a single trading day without violating the terms of their account. For all account sizes, this maximum daily loss is capped at 4%.
Maximum Loss: Similarly, there's an overall loss limit across the account's lifespan. For all account sizes, traders are restricted to a maximum loss of 8%.
Cost Flash Challenge Funding program:
- $10,000 - $97
- $25,000 - $187
- $50,000 - $297
- $100,000 - $497
- $200,000 - $977
MyFlashFunding’s Flash Challenge offers traders the chance to handle account sizes ranging from $10,000 to $200,000, aiming to pinpoint those who are not only profitable but also adept at risk management across a structured two-step evaluation period. Participants can leverage up to 1:100, amplifying their trading potential significantly.
Evaluation Overview:
Phase One: Traders need to achieve a 6% profit target while ensuring they do not exceed a 4% maximum daily loss or an 8% overall maximum loss. There are no specific requirements for the number of trading days in this phase; progression to the next phase is solely based on meeting the profit target without violating the loss limits.
Phase Two: Similar to Phase One, the goal is again to reach a 6% profit target under the same loss conditions. Like the first phase, there are no minimum or maximum trading day requirements; advancing to funded status depends purely on hitting the profit target without breaching the established loss thresholds.
Post-Evaluation Benefits:
Upon successful completion of both evaluation phases, traders are granted a funded account, which comes with no minimum withdrawal stipulations. Traders must continue to adhere to the 4% maximum daily loss and 8% maximum overall loss rules. The initial payout from the funded account is scheduled 14 calendar days from the date of the first trade placement, with subsequent withdrawals allowed bi-weekly. Profit shares are generous, with traders receiving 80% of the profits made on their funded accounts.
This structured approach allows MyFlashFunding to rigorously assess trader proficiency in both generating returns and managing risks, thus supporting a robust pathway to financial trading success.
The Flash Challenge from MyFlashFunding incorporates a scaling plan designed to reward consistent profitability. If a trader demonstrates profitability over the last three months with an average return of 12% during this period, they qualify for an account size increase of 30% of their initial account size.
Scaling Plan Example:
After 3 Months: If you maintain a $100,000 account and achieve the required 12% average return, your account size will be increased to $130,000.
After the Next 3 Months: Continuing to meet the profitability threshold with the $130,000 account will lead to an increase to $160,000.
After the Next 3 Months: Sustaining the required return with the $160,000 account will result in a further increase to $190,000.
This scaling mechanism continues accordingly, offering traders the opportunity to progressively manage larger funds as they prove their trading prowess and risk management skills over time. Such a plan incentivizes traders to consistently perform well, aligning their success with the opportunity for greater capital management.
Bolt Challenge Funding Program
Profit Target: Traders are required to meet specific profit targets to successfully complete each evaluation phase, withdraw earnings, or qualify for scaling their trading account. In Phase 1, traders must achieve an 8% profit target, while Phase 2 requires a 5% profit target. It's important to note that once traders are operating funded accounts, there are no predefined profit targets, providing greater flexibility in trading strategies.
Maximum Daily Loss: There is a cap on the maximum amount a trader can lose in a single trading day without violating the terms of their account. This loss limit is set at 4% for all account sizes, ensuring that traders manage their risks effectively each day.
Maximum Loss: Similar to the daily loss limit, there is also an overall maximum loss limit that traders must not exceed. This is set at 8% for all account sizes and applies to the total amount a trader can lose across the duration of their account without breaching account conditions.
Cost Bolt Challenge Funding program:
- $10,000 - $77
- $25,000 - $147
- $50,000 - $247
- $100,000 - $447
- $200,000 - $897
MyFlashFunding's Bolt Challenge offers traders a structured pathway to managing substantial account sizes, ranging from $10,000 to $200,000. This two-step evaluation is designed to filter and identify traders who are not only profitable but also adept at managing risks effectively. Participants in this challenge can leverage up to 1:100, providing significant potential for capital growth.
Evaluation Process Overview:
Phase One: Traders must achieve an 8% profit target while adhering to a 4% maximum daily loss and an 8% overall maximum loss. There are no constraints regarding the number of trading days needed in this phase, allowing traders the flexibility to reach the target at their own pace, provided they stay within the loss limits.
Phase Two: The objective in this phase is slightly reduced, requiring a 5% profit target. The same loss rules apply—4% maximum daily and 8% maximum loss. Similar to Phase One, there are no specific trading day requirements, giving traders the ability to strategize freely as long as they meet the profit goal without breaching the set loss thresholds.
Completion and Benefits:
Upon successfully completing both evaluation phases, traders qualify for a funded account. This account imposes no minimum withdrawal requirements, maintaining the same loss parameters—4% daily and 8% total maximum loss—to ensure continued adherence to risk management practices. The initial payout from the funded account occurs just 14 calendar days after the first trade is placed, with subsequent withdrawals available bi-weekly. Traders enjoy a favorable profit split of 80%, reflecting a significant share of the profits generated.
The Bolt Challenge, with its high leverage option and flexible trading period, is tailored for traders seeking dynamic trading conditions combined with the opportunity for rapid account growth and lucrative profit sharing.
The Bolt Challenge from MyFlashFunding features an enticing scaling plan that rewards consistent profitability. This plan is specifically designed to foster growth and encourage sustained performance among traders.
Scaling Plan Details:
Criteria for Scaling: Traders must demonstrate profitability over the last three months with an average return of 12% across this period to qualify for an account size increase.
Scaling Increment: Eligible traders receive a 30% increase to their initial account size. This significant increment is designed to provide more capital for trading, potentially leading to higher profits.
Scaling Examples:
After 3 Months: A trader who starts with a $100,000 account and meets the required profitability criteria will see their account size increase to $130,000.
After the Next 3 Months: If the trader continues to meet the criteria with their $130,000 account, it will be increased to $160,000.
After the Next 3 Months: Maintaining the necessary performance with the $160,000 account leads to a further increase to $190,000.
This progressive scaling continues as long as the trader meets the profitability requirements every three months. Such a scaling plan not only motivates traders to consistently perform well but also significantly enhances their trading capacity and potential earnings over time. This approach aligns with MyFlashFunding’s commitment to supporting and rewarding their traders’ success.
Zeus Challenge Funding Program
Profit Target: Traders are required to meet specific profit targets to successfully complete each evaluation phase, withdraw earnings, or qualify for scaling their trading account. In Phase 1, traders must achieve an 8% profit target, while Phase 2 requires a 5% profit target. It's important to note that once traders are operating funded accounts, there are no predefined profit targets, providing greater flexibility in trading strategies.
Maximum Daily Loss: There is a cap on the maximum amount a trader can lose in a single trading day without violating the terms of their account. This loss limit is set at 4% for all account sizes, ensuring that traders manage their risks effectively each day.
Maximum Loss: Similar to the daily loss limit, there is also an overall maximum loss limit that traders must not exceed. This is set at 8% for all account sizes and applies to the total amount a trader can lose across the duration of their account without breaching account conditions.
Cost Zeus Challenge Funding program:
- $10,000 - $107
- $25,000 - $207
- $50,000 - $307
- $100,000 - $507
- $200,000 - $1,007
MyFlashFunding's Zeus Challenge offers traders the chance to oversee accounts ranging from $10,000 to $200,000, targeting disciplined and profitable traders capable of adept risk management during a streamlined, one-step evaluation period. This challenge permits trading with leverage as high as 1:100.
During the evaluation, traders must achieve a 10% profit target while adhering to a 4% maximum daily loss and a 6% maximum trailing loss. There are no specific requirements for the number of trading days in this phase, allowing traders the flexibility to trade without time constraints. Success in this phase, marked by reaching the profit target without violating loss limits, leads to a funded account status.
Upon completing the evaluation, traders gain access to a funded account with no restrictions on minimum withdrawals and must continue to follow the 4% daily loss and 6% trailing loss rules. The initial payout is scheduled for 14 calendar days after the first trade is made in the funded account, with subsequent payouts available bi-weekly. Traders enjoy a generous 80% share of the profits generated from their trading activities.
The Zeus Challenge includes a rewarding scaling plan designed to encourage and reward consistent profitability. If a trader demonstrates a successful track record over the last three months with an average return of 12% during this period, they qualify for a significant increase in their account size by 30%.
Scaling Plan Details:
After 3 Months: A trader who successfully manages a $100,000 account and achieves the required 12% average return will see their account size boosted to $130,000.
After the Next 3 Months: If the trader continues to meet the profitability requirements with the new $130,000 account, it will be further increased to $160,000.
After Another 3 Months: Continuing the trend, if the trader maintains the required performance with the $160,000 account, it will be elevated to $190,000.
This scaling process is ongoing, offering the potential for continuous growth as long as the trader meets the set performance criteria every three months. This structure not only rewards skill and consistency but also motivates traders to sustain high performance levels over time.
The Best Prop Firm passed software are here:
MyFlashFunding LLC, established on April 27, 2023, has quickly developed a robust community of traders who have achieved funded status and are now reaping the benefits through generous profit splits. For traders participating in the Flash Challenge, Bolt Challenge, or Zeus Challenge, funding milestones lead to tangible rewards:
Payout Schedule:
- Initial Payout: Traders are eligible for their first payout just 14 calendar days after reaching funded status.
- Subsequent Payouts: After the initial payout, traders can continue to receive payouts every 14 calendar days, provided they exceed the initial account size.
Profit Splits:
- A lucrative 80% of the profits generated on the funded accounts are allocated to the traders, emphasizing the firm’s commitment to rewarding successful trading strategies.
Payment Proof and Transparency:
- Trustpilot: MyFlashFunding’s reputation is bolstered by positive feedback on platforms like Trustpilot, where traders share their experiences and confirm the payout process.
- Discord and YouTube Channels: Further evidence of MyFlashFunding’s reliability is displayed through their Discord and YouTube channels, which feature payout certificates and interviews with some of the firm's most successful traders, providing transparency and real-world testimonials of their operational integrity.
This structured payout approach not only motivates traders to perform consistently but also enhances trust through visible and verifiable payment proofs, cementing MyFlashFunding’s position as a trustworthy partner in the proprietary trading sector.
Our opinion about MyFlashFunding Prop Firm
In conclusion, MyFlashFunding stands out as a reputable and reliable proprietary trading firm offering traders a choice between three tailored funding programs: the Flash Challenge and Bolt Challenge, both two-step evaluations, and the Zeus Challenge, a streamlined one-step evaluation.
- Flash Challenge: This is a standard two-step evaluation requiring traders to meet a 6% profit target in each phase to manage a funded account with an 80% profit split. The trading objectives are achievable given the 4% maximum daily and 8% maximum total loss constraints. With no strict trading day requirements, traders enjoy flexibility in pacing their trades according to their strategy. Additionally, the Flash Challenge includes a scaling plan, enhancing the potential to increase initial account balances.
- Bolt Challenge: Similarly, this two-step evaluation demands reaching profit targets of 8% in the first phase and 5% in the second to qualify for managing a funded account with an 80% profit split. The same loss limits apply as in the Flash Challenge, ensuring consistency across evaluations. Like the Flash Challenge, the Bolt Challenge offers a scaling plan to progressively increase account balances.
- Zeus Challenge: This one-step evaluation simplifies the process, requiring a 10% profit target to be met for eligibility to manage a funded account. The profit target is realistic given the 4% maximum daily and 6% maximum trailing loss rules. The absence of minimum or maximum trading day requirements allows traders to focus on achieving their targets at their own pace. The Zeus Challenge also features a scaling plan, providing opportunities for account growth.
I recommend MyFlashFunding to those seeking a trustworthy proprietary trading firm that accommodates a variety of trading styles with exceptional trading conditions. Key benefits include an unlimited trading period, no minimum trading day requirements, a prompt first withdrawal after only 14 calendar days, and bi-weekly payouts thereafter. Considering all the advantages MyFlashFunding offers to global traders, it is a compelling option within the proprietary trading industry.
