MyFundedFX Review: What Happened to the Firm and Your Challenge Fees

This MyFundedFX review covers the firm you can no longer buy from. The MyFundedFX prop firm renamed itself SeacrestFunded in February 2025, and a year later, its parent shut the prop business down. When we opened myfundedfx.com on 29 October 2026, it redirected to a closure notice. If you are weighing a challenge fee at another firm, the record here is worth noting, because one of its rules is written into most of the market.

Key Takeaways

• The firm is gone, so any discount code or checkout you find for it buys nothing.
• A name change came before the shutdown, which is why searching the old name misses the news.
• Taking your full profit could close your account, under a rule the firm published itself.
• Refunds at closure ran to a deadline that has now passed, with no route left behind it.
• An evaluation fee sits outside any compensation scheme, so see it as money you can lose.

MyFundedFX Review: Company Overview

New to this market? Our guide to prop trading explains how it works.

Is MyFundedFX Legit? What the Record Shows

MyFundedFX traded for years, paid traders, and closed through an announcement rather than a disappearance. This puts it in a different category from a firm that vanishes overnight. It is still a cautionary case, for two reasons.

The first is the Trustpilot record. The page for myfundedfx.com, now titled Seacrest Markets, carries 2,823 reviews but shows no score. Trustpilot has withdrawn the rating over a breach of its guidelines, and states that it removed several fake reviews. Any star rating you see quoted for this firm elsewhere predates that.

The second is what the closure left behind. The notice at seacrestmarkets.io says only that Seacrest Markets is no longer operating and gives one support email. It carries no date, and it says nothing about refunds, payouts or client money (Seacrest Markets).

One more thing to know if you are checking the firm’s status yourself. Finance Magnates runs a widely cited table of which prop firms are still online, and it still lists MyFundedFX as open. That table was published in February 2024, two years before the closure.

How MyFundedFX Became SeacrestFunded, Then Closed

The sequence matters more than any single date. The new name arrived first, and the shutdown followed a year later (Finance Magnates). A trader searching the old name in late 2025 would have found reviews of a brand that no longer traded under that name, and none of the news that mattered.

This is the practical lesson. When a firm has changed its name, search every name it has used, and check the dates on what you find.

The Drawdown Rule That Caught Traders Out

This is the part of the MyFundedFX record worth your time, because versions of this rule are still sold across the market today.

Under the firm’s one-step plan, maximum drawdown trailed 6% behind your highest balance until you reached 6% profit. At this point, the floor locked at your starting balance and stopped moving. A payout did not move it back down. So every dollar you withdrew narrowed the gap between your balance and the level that would breach your account.

The firm’s own help page worked this through. On a $100,000 account with $8,000 of profit, a $6,000 payout left a balance of $102,000 against a floor locked at $100,000. That is a buffer of $2,000, or 2% of the starting balance, before a breach.

The same page carried a blunter case. With $15,000 of profit, withdrawing the whole $15,000 brought the balance back to exactly $100,000, which the firm said would trigger “a breach right after payout.” It added that you would still receive the money, “but the account will be closed after.” Its advice to traders was direct: “Payouts don’t reset drawdown, so withdraw wisely to avoid unintentional breaches” (SeacrestFunded help page).

A trader on Trustpilot wrote that their one-step account was disabled for this, and said the rule was not clear when they bought. The firm replied that its FAQ had always said so. The page above shows the firm’s current wording, but not what it said on the day that trader paid, so the dispute itself stays open.

What is not in the dispute is the mechanism. Before you request a payout anywhere, find out whether it resets your drawdown floor. Our guide to prop firm challenge rules covers how the main firms handle this.

MyFundedFX Payouts and Refunds at Closure

While the firm operated, traders did get paid. Trustpilot reviews describe payouts approved within an hour, and one trader reported receiving two payouts even after risk limits were added to their accounts once they passed. Those reviews are on a page whose rating has been withdrawn, so see them as individual accounts rather than as a pattern.

At closure, two groups had a route to money, both running to 28 February 2026.

Refunds were to be processed within 30 days on a first-come, first-served basis, and could be paid by crypto or bank wire where the original payment method was no longer supported.

However, trader reports of what followed differ. One describes two challenge fees refunded by international wire within about four days of sending bank details. Another describes being offered crypto only, which was not the method they had paid with. The firm replied that eligible clients could request either. We didn’t find any source that shows how many traders were actually paid.

The exclusion worth carrying forward is the last row of that table. It was not in the closure terms as reported, and it surfaced only when the firm applied it. Before you pay another firm, read whether its refund terms exclude an account that has taken a payout.

What Funded Traders Were Left With

A funded trader could count on the payouts already banked. Everything else was a request.

The firm’s own rules page described the account as simulated and the balance as simulated profit. It means the figure on your dashboard was never money the firm held for you. A trader was owed something only where the terms in force said so, and those terms are what decided who got a final payout and who did not.

One trader wrote that the closure shut their funded account with neither a refund nor any credit toward the group’s brokerage, and the firm pointed to payouts already made from that account. Whether they were paid later is not on the public record.

Is MyFundedFX Futures the Same Firm?

No, on the evidence available. Searches for myfundedfx futures lead to MyFunded Futures, a separate futures prop firm that is still trading and still selling evaluations today. Its site names MyFunded Futures, LLC as the operating company, and mentions neither MyFundedFX, SeacrestFunded nor Seacrest Markets anywhere.

The two brands were linked in trade coverage of the rebrand, which said the group was keeping a futures unit, though that coverage was inconsistent about the unit’s name within a single article. We didn’t find any source that names a shared owner, and MyFunded Futures’ own pages also claim no such connection.

So the closure covered here applies to MyFundedFX alone. Judge MyFunded Futures on its own terms page.

What Protection a Challenge Fee Has

Almost none, and this is the point most reviews skip.

The group’s broker, Seacrest Markets, held a licence from South Africa’s FSCA, granted in 2023. This licence covered the broker. It did not cover the prop business, and the company that sold the challenges was a different entity again, named on the help pages as MyFunded Capital LTD. A regulated affiliate is not the same thing as a regulated product.

Regulators have noticed the gap. Dr Rhys Bollen, Senior Executive Leader of ASIC’s Digital Assets and Markets Group, told Finance Magnates in August 2024 that the regulator “is monitoring the emergence of ‘prop trading’ firms or services relating to CFD trading,” naming prop services among the distribution channels it planned to examine (Finance Magnates).

Monitoring is not yet protection. As things stand, an evaluation fee is not covered by any compensation scheme we could find, in any major jurisdiction. If the firm closes, the fee is a commercial debt owed by a private company, and you rank behind everyone else it owes.

MyFundedFX Review: Pros and Cons

Pros

The firm paid its traders while it operated, and reviewers consistently reported quick payout approvals. It gave notice of its closure rather than going dark, and it set out a refund and payout route with a published deadline. Its drawdown rules, including the payout mechanism above, were documented on its own help pages.

Cons

The rename to SeacrestFunded broke the trail between the brand traders knew and the news that affected them. The drawdown rule meant a full withdrawal closed the account, which several traders say they did not understand when they bought. A refund exclusion for accounts that had taken payouts was applied at closure without appearing in the terms as reported. Trustpilot has withdrawn the company’s rating over a guidelines breach, having removed a number of fake reviews. And the challenge fee itself carried no regulatory protection at any point.

What to Check Before You Pay Another Prop Firm

Ask these of any firm before your card details go in, and save the page with the last updated date.

MyFundedFX Review: The Bottom Line

MyFundedFX was a working prop firm that paid traders, changed its name, and then closed in an orderly way that still left people out of pocket. It was not a scam. The things that cost traders money here were ordinary terms, published in the firm’s own documents, that most people did not read until the rule applied to them.

You cannot buy from this firm. What you can take from it is a short list of questions for the next one, and the habit of viewing an evaluation fee as money you can afford to lose.

Frequently Asked Questions

Can I still get a refund for my MyFundedFX challenge?

No. The refund route reported at closure ran to 28 February 2026, and that deadline has passed. Traders with active, unbreached challenge accounts could claim a full fee refund through the firm’s Refund Form until then. The notice now showing at the firm’s domain gives no deadline, process, or outcome. It lists one contact address, [email protected], and says nothing about money owed.

Does a MyFundedFX or Seacrest Funded discount code still work?

No. Any seacrest funded discount code or MyFundedFX coupon you find in an older review or video dates from the years the firm was selling challenges. There is no checkout left to apply it to, because both the MyFundedFX and Seacrest Markets domains now show a closure notice. If you find a site still taking payment under either name, check the regulators’ warning lists before you give it anything.

Why does myfundedfx login redirect to a closure page?

Because the prop business shut down. All prop accounts and open positions were closed on 6 February 2026, and account access ended after that date. A myfundedfx login attempt now lands on the Seacrest Markets notice rather than a dashboard. There is no archive of your account behind it, so if you need records of past payouts, the support email is the only route the firm has left open.

Is MyFunded Futures affected by the MyFundedFX closure?

No. MyFunded Futures is a separate futures prop firm, still trading and still selling evaluations. Its site names MyFunded Futures, LLC as the operating company and makes no reference to MyFundedFX, SeacrestFunded or Seacrest Markets. The two were linked in press coverage of the 2025 rebrand, but no source shows a shared owner. See it as its own firm and judge it on its own rules.

How can I check whether a prop firm is still operating?

Start with the firm’s own domain, then search dated news under its current name and every earlier one. MyFundedFX shows why both steps matter: its own site carries a closure notice, while a widely cited industry status table published in February 2024 still lists it as open. A ranking table can stay unedited for years. Save whatever you find with the date you read it.

Risk Disclaimer

Prop trading carries real financial risk, including the loss of any evaluation fee if you fail a challenge or the firm ceases trading. Evaluation accounts are simulated and are not covered by investor compensation schemes. Nothing here is financial advice.