MyFundedFX Review - Is the Platform Legit and Reliable? Is It Login Safe? - WikiFX
abstrak：MyFundedFX (SeacrestFunded) offers simulated funds and trading freedom globally, but there are risks and regulatory issues.
| MyFundedFXReview Summary | |
| Founded | 2022-05-23 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments (175+) | Forex/Commodities/Indices/Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:30 |
| Trading Platform | DXTrade/MatchTrade/cTrader(Web/Android/iOS) |
| Minimum payout amount | $50 |
| Customer Support | Twitter/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.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:30 | Unregulated |
| Demo account available/Simulated fund support | Obvious geographical restrictions |
| Various tradable instruments | Strict requirements for simulated profit targets |
Is MyFundedFX Legit?
MyFundedFX is not regulated, making it less safe than regulated brokers.
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 | ✔ |
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-step | 2-step | 2-step-max | 3-step |
| Sim Gain Target | 10% | Step 1 8% | Step 1 10% | 6% |
| Minimum Profitable Days | 3 Days | 3 Days | 3 Days | 1 Day |
| Daily Sim Loss | 4% | 5% | Step 1 5%/Step 2 4% | 4% |
| Overall Sim Loss | 6% | 8% | Step 1 10%/Step 2 8% | 8% |
| Trading Period | Unlimited | Unlimited | - | Unlimited |
| Sim Trading Leverage | 1:30 | 1:30 | 1:30 | 1:30 |
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 Platform | Supported | Available Devices |
| DXTrade | ✔ | Web/Android/iOS |
| MatchTrade | ✔ | Web/Android/iOS |
| cTrader | ✔ | Web/Android/iOS |
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.
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