Congratulations on reaching the funded level with MyFundedFutures! As a prop firm-funded trader, you’re on your way to earning real profits. This comprehensive guide outlines the funded account parameters, prop trading challenge rules, and objectives for Starter and Expert sim-funded accounts. Whether you’re a new trader or exploring the best prop firm rules, this guide will help you navigate the path to success in prop trading.
What Is a Sim-Funded Account?
A sim-funded account allows traders to trade with simulated capital while adhering to prop firm rules. After passing the evaluation phase, you’ll transition to the sim-funded stage, where you can trade and request fast withdrawals. MyFundedFutures offers two account types: Starter and Expert, each with distinct rules and payout schedules.
Prop Trading Challenge: Evaluation Rules
To qualify for a sim-funded account, you must pass the prop trading challenge. Here are the key evaluation rules:
Profit Target: Achieve the set profit goal without breaching the trailing drawdown or daily loss limits.
Trading Activity: Complete at least one active trade day in at least five separate trading sessions before review.
Consistency Rule (Starter): Adhere to the 40% consistency rule (no single day’s profit exceeds 40% of total profits).
Trading Hours: No weekend holds; follow platform trading hours.
Vacation Pauses: Evaluation accounts cannot request vacation pauses (but past evaluation, it can).
Ready to start? Join the MyFundedFutures challenge and become a funded trader!
Keeping Your Sim-Funded Account Active
To maintain an active sim-funded account, prop traders must follow these guidelines:
Stay Over Minimum Activity: Place at least one trade every seven days.
Vacation Notice: Email support to submit a vacation notice (not applicable during evaluation). This protects your account from deactivation during extended absences.
Sim-Funded Account Parameters
Once you pass the evaluation, you’ll advance to the sim-funded stage. Here’s what to expect:
Starter Account:
Payout Schedule: Request payouts every 5 winning days (if qualified).
Rules: Adhere to scaling, consistency, and withdrawal restrictions.
Expert Account:
Payout Schedule: Request payouts every 14 calendar days.
Rules: No scaling restrictions, but follow prohibited conduct guidelines.
Account Balance: Starts with a fresh balance equal to your evaluation starting balance.
Payout Process: Follow the Payout Policy for fast, easy withdrawals.
Prop Trading Rules for Starter and Expert Plans
Starter Sim-Funded Account Objectives
Scaling Rules: Follow specific scaling guidelines for each account.
Consistency Requirement: Ensure no single day’s profit exceeds 40% of total profits per payout cycle.
Withdrawal Threshold: Meet the minimum withdrawal amount ($250) per the payout policy.
Prohibited Conduct: Adhere to trading conduct rules & avoid violations.
Expert Sim-Funded Account Objectives
No Scaling Rules: Focus on avoiding overleveraging, especially with micro contracts.
Prohibited Conduct: Follow the same conduct guidelines as the Starter plan.
Withdrawal Threshold: Meet the minimum withdrawal amount ($1,000).
Evaluation Rules
General Guidelines
Maximum Accounts: Up to 3 sim-funded accounts per household.
Trailing Loss Limit: Do not exceed the maximum End-Of-Day trailing loss limit.
Live Funded Account: Trade consistently on your sim-funded account to qualify for a live-funded account. We will notify you if eligible.
Managing Your Trades with Discipline
Successful prop trading requires consistency and discipline. MyFundedFutures encourages traders to:
Maintain Risk Management: Stick to your bread and butter trading style and avoid drastic changes (like rapidly increasing contract size).
But Adjust Strategically: Make some reasonable adjustments based on market conditions.
Follow the Funded Agreement: Maintain adherence to all rules outlined in the agreement to protect your account.
Important Notes for Funded Traders
Account Resets: Starter sim-funded accounts can be reset; Expert accounts cannot.Evaluation to Live accounts can be reset to phase 1.
Account Limits: Maximum of 3 sim-funded accounts per household to manage risk.
Vacation Support: Contact support if you can’t meet the one-trade-per-week requirement due to vacation or other circumstances.
Fast Withdrawal Frequency:
Expert Accounts: Withdraw every 14 days after the first trade.
Starter Accounts: Withdraw every 5 winning days (if qualified).
Evaluation 2 Live: Withdraw daily.
Live Funded Account Qualification: Continue trading on your sim-funded account, and MyFundedFutures will contact you if you meet live-funded account criteria.
FAQs for MyFundedFutures Funded Accounts
Can I reset a funded account?
Yes, Starter sim-funded and evaluation to live accounts can be reset. Contact support for details.
How many funded accounts can I have?
You can have up to three sim-funded accounts per household.
What happens if I pass more than three evaluations?
Additional accounts remain in dormant status (dormant status refers to an account that is not currently in use for trading. The account remains open but does not engage in trading until converted to a sim-funded account).
How do I qualify for a live-funded account?
Trade consistently on your sim-funded account, and MyFundedFutures will notify you when you meet the criteria (Starter) or shown consistency in your trading capabilities (Expert).
How often can I withdraw?
Expert Accounts: Every 14 days after the first trade. Starter Accounts: Every 5 winning days, if qualified.
I passed my evaluation but haven’t received a notification. What should I do?
Open a support ticket on the MyFundedFutures website if you don’t receive a notification within two business days.
Why Choose MyFundedFutures?
MyFundedFutures is among the best prop firms in space, offering clear prop trading challenge rules, flexible payout schedules, and trader-focused support. Our funded account parameters are designed to help you succeed while maintaining discipline and consistency. Join 70,000+ traders already earning with our payouts.
Start your journey to a funded account today! Join MyFundedFutures and take the first step toward prop trading success.