My Flash Funding

MyFlashFunding has a mission to assist proficient and seasoned traders in unleashing their full potential and obtaining a funded account with them. They have recognized that succeeding in the financial market necessitates having sufficient capital and a well-developed trading strategy. MyFlashFunding allows traders to earn 80% profit splits while managing account sizes up to $200,000. Traders can achieve success by trading forex pairs, commodities, indices, and cryptocurrencies.

Who are MyFlashFunding?

MyFlashFunding is a proprietary trading firm founded on the 27th of April, 2023, and started operating on the 2nd of August, 2023. Their CEO is Blake Carter. They are a proprietary trading firm that has offices located in the United Kingdom. MyFlashFunding offers traders all across the globe a chance to get funded with two unique funding programs: a one-step and a two-step evaluation challenge. While working with them, traders are able to manage account sizes up to $200,0000 while additionally scaling their account to a potential $2,000,000. MyFlashFunding allows you to trade through MetaTrader 4 or MetaTrader 5 while being partnered with ThinkMarkets as their broker.

Their official office address is 331 Park Central East Springfield, MO 65806.

Who is the CEO of MyFlashFunding?

Blake Carter is the CEO of MyFlashFunding. He successfully passed his first funded account back in 2020, which sparked an interest in him and motivated him to gain extensive knowledge of prop firms, gaining insights into the good, bad, and challenging aspects of the industry. Leveraging this experience, Blake established MyFlashFunding, a company that offers traders an unparalleled opportunity to swiftly secure funding with minimal constraints.

Blake is deeply dedicated to transparency and delivering value. He is committed to steering away from superficial conversations and making a positive impact on everyone he interacts with. This commitment is evident in the culture he has cultivated at MyFlashFunding, which includes a robust feedback channel, bi-weekly CEO calls, guest speakers, and other initiatives designed to enhance the traders’ well-being under his guidance.

Anyone interested in following Blake Carter can do so by following his Twitter account.

Funding program options

MyFlashFunding offers its traders two unique programs to choose from:

• Two-step evaluation accounts
• One-step evaluation accounts

Two-step evaluation challenge account

MyFlashFunding’s two-step evaluation account aims to discover consistent and disciplined traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with up to 1:100.

Evaluation phase one requires a trader to reach a profit target of 6% while not surpassing their 4% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. In order to proceed to phase two, you are only required to reach the 6% profit target without breaching the maximum daily or maximum loss limit rules.

Evaluation phase two requires a trader to also reach a profit target of 6% while not surpassing their 4% maximum daily loss or 8% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase two. In order to proceed to funded status, you are only required to reach the 6% profit target without breaching the maximum daily or maximum loss limit rules.

By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 4% maximum daily loss and 8% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account. Note that after you receive your first payout, all of your next payouts will be based on a weekly basis. Your profit split will be 80% based on the profit you make on your funded account.

Two-step evaluation account scaling plan

Two-step evaluation accounts also have a scaling plan. You are required to reach a profit target of 12% or more within a three-month period. You will receive an account increase of 30% of the original account balance.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $260,000.

After next 3 months: Balance of $260,000 increases to $320,000.

After next 3 months: Balance of $320,000 increases to $380,000.

And so on…

Trading instruments for the two-step evaluation accounts are forex pairs, commodities, indices, and cryptocurrencies.

Two-step evaluation account rules

• Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 6% while phase 2 also has a profit target of 6%. Funded accounts have no profit targets.
• Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 4%.
• Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 8%.
• Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

One-step evaluation account

MyFlashFunding’s one-step evaluation challenge account aims to identify consistent and disciplined traders who are rewarded for their consistency in a one-phase evaluation period. The one-step evaluation challenge account allows you to trade with 1:50.

The one-step evaluation challenge account requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily and 6% maximum trailing loss rules. You are allowed to trade for an unlimited time period. During this time, you are required to reach the profit target and while having no minimum trading day requirements.

By completing the one-step evaluation challenge, you are awarded a funded account where you have no profit targets. You are only required to respect the 4% maximum daily and 6% maximum trailing loss rules. Your first profit split will be 80% based on the profits that you made 30 calendar days after the first position was placed on your funded account. After your first payout, you will start receiving your payouts on a weekly basis.

One-step evaluation account scaling plan

One-step evaluation accounts also have a scaling plan. You are required to reach a profit target of 12% or more within a three-month period. You will receive an account increase of 30% of the original account balance.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $260,000.

After next 3 months: Balance of $260,000 increases to $320,000.

After next 3 months: Balance of $320,000 increases to $380,000.

And so on…

Trading instruments for the one-step evaluation accounts are forex pairs, commodities, indices, and cryptocurrencies.

One-step evaluation account rules

• Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The profit target is 10%. Funded accounts have no profit targets.
• Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 4%.
• Maximum trailing drawdown is the maximum drawdown that is equal to the distance between the highest account balance achieved and the maximum drawdown. All account sizes have a maximum trailing drawdown of 6%.
• Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

What makes MyFlashFunding different from other prop firms?

MyFlashFunding is different from most of the industry-leading prop firms by offering two unique funding programs: a one-step and a two-step evaluation. In addition, they also have straightforward and relaxed trading rules. You can hold trades overnight and during the weekends, while news trading is also allowed. Additionally, there are also no lot size limitations or restrictions on your trading style.

Compared to other prop firms, MyFlashFunding offers a two-step evaluation that requires traders to complete two phases before being eligible for payouts. The profit target is 6% in both evaluation phases, with a 4% maximum daily and 8% maximum loss rules. Note that you have an unlimited trading period and no minimum trading day requirements in order to become funded. Two-step evaluation accounts also have a scaling plan. Compared to other industry-leading prop firms, they have extremely low profit targets and an unlimited trading period with no minimum trading day requirements.

Example of comparison between MyFlashFunding & My Forex Funds

Example of comparison between MyFlashFunding & True Forex Funds

Example of comparison between MyFlashFunding & FundedNext

Compared to other prop firms, MyFlashFunding also offers a one-step evaluation that requires traders to successfully complete one phase before being eligible for payouts. The profit target is 10%, with a 4% maximum daily and 6% maximum trailing loss rules. You should also note that you have an unlimited trading period with no minimum trading day requirements during the evaluation period. One-step evaluation accounts also have a scaling plan. Compared to other industry-leading prop firms, they have an unlimited trading period with no minimum trading day requirements while also having no restrictions on your trading style.

In conclusion, MyFlashFunding is different from most of the industry-leading prop firms due to offering two unique funding programs with straightforward and relaxed trading rules and an unlimited trading period. You can hold trades overnight and during the weekends and trade during news high-impact releases while also having no lot size or trading style limitations.

Is getting My Flash Funding capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from the two-step evaluation accounts is realistic mostly since they have extremely low profit targets (6% in both evaluation phases) with slightly average maximum loss rules (4% maximum daily and 8% maximum loss). In addition, traders are also provided with an unlimited trading period and no minimum trading day requirements during both evaluation phases, while also having no restrictions on their trading style.

Receiving capital from the one-step evaluation challenge accounts is realistic mostly since they have an average profit target of 10% with average maximum loss rules (4% maximum daily and 6% maximum trailing loss). In addition, traders are also provided with an unlimited trading period, no minimum trading day requirements, and no restrictions on their trading style.

After considering all of that, MyFlashFunding is an excellent choice to get funded since you have two different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

MyFlashFunding was officially incorporated on the 27th of April, 2023. However, the official launch took place on the 2nd of August, 2023.

With MyFlashFunding, you can acquire funding through a one-step or a two-step evaluation. After successfully reaching funded status, your first payout will be available after 30 calendar days. The following payout, on the other hand, will then be available on a weekly basis. Traders will be awarded with an 80% profit split based on the profit that they make on their funded accounts.

Looking at the fact that the proprietary trading firm has only just launched, there is still no information regarding payout proof from their traders. On that note, we will continue updating the payment proof section as traders start to successfully achieve payouts. However, we can already see proof of their first traders becoming funded with MyFlashFunding.

Which broker does MyFlashFunding use?

MyFlashFunding uses ThinkMarkets as its broker.

ThinkMarkets is a premium multi-asset online brokerage with headquarters located in London and Melbourne. They provide quick and easy access to a wide range of markets while delivering some of the most recognized trading solutions: MetaTrader 4, MetaTrader 5, and their in-house developed ThinkTrader platform.

As for trading platforms, they allow you to trade on Meta Trader 4 and MetaTrader 5.

Trading instruments

MyFlashFunding allows you to trade forex pairs with 1:100 leverage, commodities with 1:20 leverage, and indices with 1:10 leverage. Note that the commission structure for all trading instruments is $7 per round lot.

Trading fees

Trading commission:

Spread:

In order to check the live spreads login to the trading account below:

Education & Support for traders

MyFlashFunding does not provide any educational content on its website.

However, they provide a well-structured dashboard that all of their traders can access, allowing them to manage risk more efficiently while having constant access to their trading objectives and overall statistics of their trading accounts.

Traders’ Comments about MyFlashFunding

MyFlashFunding has excellent feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4.6/5 out of 47 reviews. They also have a support team that will provide you with any information that you might require regarding their proprietary trading firm.

Their community praises the attractive trading objectives of their evaluation accounts. In addition, MyFlashFunding also has a very reliable customer support team through live chat, as well as Discord, which is patient and provides traders with assistance and additional information that they are missing.

Social media statistics

MyFlashFunding can also be found on social media.

They have a:

• Instagram account with 603 followers, and
• Twitter account with 5,118 followers.

In addition, they also have a Telegram channel with over 37 members and a Discord channel with over 4,500 members.

Support

MyFlashFunding has a FAQ page where you can find information regarding general details, account rules, and platforms.

The support team is available on their social media, or you can directly contact them on their email help@myflashfunding.com.

Their live chat support team on their website is available if you have any additional questions regarding their company or offerings.

In addition, you can also contact MyFlashFunding through their Discord channel, where they have a reliable customer support team that is always ready to assist all of your needs.

Conclusion

In conclusion, MyFlashFunding is a reputable proprietary trading firm that offers traders a chance to choose between two funding programs: one-step and two-step evaluation accounts. In addition, they offer straightforward and relaxed trading rules with an unlimited trading period. In addition, you can also hold trades overnight and during the weekends, while news trading is also allowed, and there are no lot size limitations or other restrictions on your trading style.

The two-step evaluation challenge is an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. MyFlashFunding requires traders to reach profit targets of 6% in both evaluation phases before becoming funded which are realistic trading objectives considering you have a 4% maximum daily and 8% maximum loss rules to follow. Keep in mind that you also have an unlimited trading period in both evaluation phases with no minimum trading day requirements. With two-step evaluation programs, you can earn 80% profit splits while also being able to scale your accounts.

One-step evaluation challenge accounts require the completion of one phase before becoming funded and eligible to earn profit splits. MyFlashFunding requires traders to reach a profit target of 10% before becoming funded. These are realistic trading objectives considering you have a 4% maximum daily drawdown and 6% maximum trailing drawdown rules to follow. You should also keep in mind that you have an unlimited trading period and no minimum trading day requirements in order to complete the single evaluation phase. With one-step evaluation programs, you can earn 80% profit splits while also being able to scale your accounts.

I would recommend MyFlashFunding to any trader who is looking for a legitimate prop firm with straightforward rules and trading objectives. They offer traders excellent conditions for a large pool of individuals with unique trading strategies. After considering everything MyFlashFunding has to offer, they are for sure one of the proprietary trading firms within the prop firm industry that we can expect great things from in the future.

This review about MyFlashFunding was lastly updated on 07.08.2023 at 07:44 (CE(S)T).