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MyFundedFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-04-25 18:38

Abstract:MyFundedFX (SeacrestFunded) offers simulated funds and trading freedom globally, but there are risks and regulatory issues.

MyFundedFXReview Summary
Founded2022-05-23
Registered Country/RegionUnited States
RegulationUnregulated
Market Instruments (175+)Forex/Commodities/Indices/Cryptocurrencies
Demo Account✅
LeverageUp to 1:30
Trading PlatformDXTrade/MatchTrade/cTrader(Web/Android/iOS)
Minimum payout amount$50
Customer SupportTwitter/Discord/Instagram/Youtube
Live chat

MyFundedFX Information

  MyFundedFX is a broker registered in the United States. The tradable instruments with a maximum leverage of 1:30 include forex, commodities, indices, and cryptocurrencies. The broker also provides a demo and four simulated accounts, whose minimum profitable day is up to 3 days. The affiliate program offers up to 8% commissions. MyFundedFX is still risky due to its unregulated status.

broker

Pros and Cons

Pros Cons
Leverage up to 1:30Unregulated
Demo account available/Simulated fund supportObvious geographical restrictions
Various tradable instrumentsStrict requirements for simulated profit targets

Is MyFundedFX Legit?

  MyFundedFX is not regulated, making it less safe than regulated brokers.

not regulated
not regulated

What Can I Trade on MyFundedFX?

  MyFundedFX offers a wide range of market instruments, including forex, commodities, indices, and cryptocurrencies.

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
instruments

Account Type

  MyFundedFX has demo and simulated account types: 1-step, 2-step, 2-step-max, and 3-step. The demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Account Type 1-step2-step2-step-max3-step
Sim Gain Target10%Step 1 8%Step 1 10%6%
Minimum Profitable Days3 Days3 Days3 Days1 Day
Daily Sim Loss4%5%Step 1 5%/Step 2 4%4%
Overall Sim Loss6%8%Step 1 10%/Step 2 8%8%
Trading PeriodUnlimitedUnlimited-Unlimited
Sim Trading Leverage1:301:301:301:30

Trading Platform

  MyFundedFX provides the DXTrade, MatchTrade, and cTrader trading platforms available on the Web, Android, and iOS to trade, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.

Trading PlatformSupported Available Devices
DXTrade✔Web/Android/iOS
MatchTrade✔Web/Android/iOS
cTrader✔Web/Android/iOS
platforms

Deposit and Withdrawal

  MyFundedFX accepts payments via credit card and cryptocurrency for deposits and withdrawals. After making a profit, traders can apply for a withdrawal once every 5 to 14 days, with a minimum withdrawal amount of $50.

  

Related broker

No Regulation
MyFundedFX
Company name:MyFundedFX
Score
1.40
Website:https://myfundedfx.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.40

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