Welcome to the Funded Level at MyFundedFutures
Congratulations on reaching the funded level in your MyFundedFutures career! You are now a prop firm-funded trader with the potential to earn real profits. Whether you are a newly funded trader or a non-funded trader interested in our Sim Funded Trading Parameters, this guide will walk you through the essential rules and objectives you need to know.
Keeping Your Account Active
To keep your account active, you must place at least one trade per seven-day cycle on your Sim Funded Account. Failing to meet this requirement may result in your account being marked as inactive and breached.
Vacation Notice: If you are planning to take a vacation or a break from trading, please contact our support staff to inform them of your situation.
Sim Funded Account Parameters
Once you pass the evaluation (either through the Starter or Expert account), you are promoted to the Sim Funded stage in MyFundedFutures. In this account, you can trade and request payouts:
Starter Accounts: Every 5 winning days, if you qualify.
Expert Accounts: Every 14 calendar days.
General Guidelines:
You can have up to 3 Sim Funded Accounts per household, with us.
Accounts will start with a fresh balance equivalent to your evaluation starting balance.
For payout requests, ensure you follow the Payout Policy.
Specific Rules for the Starter and Expert Plans:
Starter Plan:
You must adhere to scaling rules, consistency rules, and withdrawal restrictions (explained further below).
Expert Plan:
There are no scaling restrictions from the Starter account, but traders must still adhere to the prohibited conduct guidelines.
Rules of the Sim-Funded Account
Do not exceed the Maximum EOD (End of Day) Trailing Loss Limit. This is the main rule you need to follow.
Objectives for Starter Sim Funded Accounts:
Scaling Rules: Follow scaling guidelines specific to each account.
Withdrawal Threshold: Refer to the payout policy.
Prohibited Conduct: Adhere to prohibited conduct rules.
Consistency Requirement: Ensure no single day’s profit exceeds 40% of the overall profit for each payout cycle to maintain consistency.
Objectives for Expert Sim-Funded Accounts:
No Scaling Rules: Focus on avoiding overleveraging, especially with micro contracts.
Prohibited Conduct: Follow the same trading conduct guidelines as the Starter Plan.
Managing Your Trading with a Funded Account
It is crucial to manage your trades consistently and with discipline. At MyFundedFutures, we encourage traders to maintain their regular trading style while following the rules outlined in the Funded Agreement. Staying consistent with your risk management is vital—avoid drastic shifts like increasing contracts too rapidly. However, reasonable adjustments based on your strategy and market conditions are allowed (e.g., using one contract for lower probability setups and more contracts for higher probability setups).
Important Notes:
Account Activity: If you cannot meet the one-trade-per-week requirement due to vacation or other circumstances, contact support so they can assist you.
Account Resets: Funded accounts cannot be reset. Except for Starter Sim Funded.
Number of Accounts: You are allowed a maximum of 3 sim-funded accounts at a time per household.
Live Funded Account Qualification: Continue trading as usual on your simulated funded account, and if you meet the criteria for a live-funded account, we will contact you.
Withdrawal Frequency: For Expert Accounts, you can initiate a withdrawal 14 days after your first trade on the sim-funded account. Subsequently, withdrawals can be made every 14 days from your last withdrawal date. For Starter Account you can initiate a withdrawal 5 days after your trade on the sim-funded account, if you qualify.
FAQ for Funded Accounts:
Q: Can I reset a funded account?
A: Yes- You can reset your Starter Sim Funded account! See here for more information.
Q: How many funded accounts can I have at once?
A: You are allowed a maximum of three sim-funded accounts per household.
Q: What If I pass more than three evaluation accounts?
A: If you pass more than three evaluation accounts, the additional accounts will remain in dormant status*.
Q: How do I get a live-funded account?
A: Continue trading on your simulated funded account. Once you meet the criteria, we will notify you about transitioning to a live-funded account.
Q: How often can I withdraw?
A: You can initiate withdrawals 14 days after the first trade on the expert-funded account, and subsequently every 14 days. For the Starter Plan, you can initiate withdrawals every 5 winning trading days, assuming you meet the withdrawal requirements.
Q: I passed my account but haven't received a notification. What should I do?
A: If you passed the funded account evaluation and did not receive a notification within two business days, please open a support ticket on the MyFundedFutures website.
*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.