MyFlashFunding Review – Are They Legit? My Honest Take

Want to get funded as a trader but don’t know which company to choose?

Chances are, you’ve also come across the ads of MyFlashFunding, a popular prop trading firm.

However, are they worth your money? Can you trust their evaluation programs?

In this guide, I’ll go over MyFlashFunding reviews to help you decide if they are reliable or not.

MyFlashFunding Pros and Cons

Pros

• Achievable 6% profit targets
• Up to $400k trading capital
• No trading time limits
• One- and two-step funding 

Cons

• First payout in 30 days
• Expensive commissions 

What is MyFlashFunding?

Under the direction of CEO Blake Carter, MyFlashFunding is a proprietary trading company that was founded on April 27, 2023, and started operating on August 2, 2023. With its headquarters located in the US, MyFlashFunding provides its services to traders all over the world via two unique financing programs: a one-step and a two-step assessment challenge.

Also read: Earn2trade Review

It is possible for traders who work with MyFlashFunding to combine trading accounts worth up to $400,000. They also can grow their accounts to a whopping $2,000,000. ThinkMarkets is MyFlashFunding’s partner broker, and it enables trading using the MetaTrader 4 and MetaTrader 5 platforms.

If you are looking for MyFlashFunding’s physical location, it is located at 401 Pine Street, Saint Louis, MO 63102. 

Meet the CEO of MyFlashFunding Company:

After obtaining his first funded account in 2020, Blake set out on a voyage that would provide him with a deep comprehension of the complex operations of firms that provide proprietary trading desks. His research focused on the complexities of this world, including its advantages and disadvantages, as well as the difficulties faced by merchants.

Equipped with these experiences and a deep feeling of understanding, Blake was motivated to develop MyFlashFunding. This organization was designed to be a ray of hope for traders, providing them with an exceptional opportunity to obtain virtual money quickly and with surprisingly few limitations.

Blake’s vision is centered on his steadfast dedication to transparency and value delivery. He is fiercely committed to avoiding shallow relationships and is unwavering in his quest to instill positive change in everyone he comes into contact with. Blake’s dynamic culture at MyFlashFunding is a clear example of his devotion to meaningful interaction and progress.

The business has been thoughtfully chosen to offer traders a wide range of advantages, such as a strong feedback system, biweekly meetings with the CEO, invited lecturers, and other programs intended to improve the lives and experiences of traders working under his direction.

It looks like a gratifying experience with a spirit of growth and research in the trading business to join the MyFlashFunding community. It’s an invitation to enter the exciting world of trading and set off on a journey of exploration and growth under Blake’s committed and inspiring guidance. 

MyFlashFunding Programs and Challenges: Rules and Requirements

MyFlashFunding presents traders with a choice between two distinctive programs:

1. Two-Step Evaluation Accounts
2. One-Step Evaluation Accounts

The two-phase evaluation account approach from MyFlashFunding is intended to find consistent and well-behaved traders while providing leverage of up to 1:100. Let’s go into the specifics of each phase: 

Phase One:

Traders have a 6% profit target to hit during the first evaluation phase. Most importantly, they have to achieve this while strictly sticking to either an overall 8% loss threshold or a daily loss cap of 4%. This stage is defined by its flexibility; neither a minimum nor a maximum number of trading days is required. Transferring to the next stage is only possible if the 6% profit target is fulfilled without going over the daily loss limits. 

Phase Two:

Traders must accomplish a 6% profit target in the second evaluation phase while strictly adhering to the 4% daily loss cap and the overall 8% loss threshold. There are no restrictions on the minimum or maximum number of trading days, just like in the previous phase. To move to the fund accounts, all you have to do is reach the 6% profit target and stick to the maximum loss and maximum daily loss limits.

When I complete both evaluation stages, I receive a funded account without profit targets. I must then abide by the general 8% loss barrier and a daily loss restriction of 4%. Thirty calendar days after I entered my first position in the funded account, I received my first payoff. After that, payouts occur every week. The profit-sharing plan offers an 80% split, with the profits realized within my funded account serving as the basis for this distribution.

MyFlashFunding Broker: Do They Use a Reliable Platform?

By selecting ThinkMarkets as its broker, MyFlashFunding has formed a strategic alliance that improves its trading capabilities. ThinkMarkets is a distinguished online brokerage that offers multiple asset classes. Its main offices are located in Melbourne and London. Their dedication to serving traders from different regions is highlighted by their global presence.

ThinkMarkets is a popular option among traders since it provides easy and quick access to a wide range of financial markets. Some of the most well-known and trustworthy trading platforms available on the market are among their options: MetaTrader 4, MetaTrader 5, and their in-house ThinkTrader platform. From novices to seasoned pros, our assortment accommodates all traders by offering the features and tools necessary for a profitable trading career.

I find that ThinkMarkets also makes trading on the well-liked Meta Trader 4 and Meta Trader 5 platforms easier. These platforms are popular for their intuitive user interfaces, sophisticated charting capabilities, and wide selection of technical indicators, which make them adaptable choices for traders like me, regardless of our different tastes and approaches to trading.

MyFlashFunding guarantees that I have access to these reliable platforms and a wide range of trading products by using ThinkMarkets as their broker. This allows me to make well-informed decisions and successfully implement my strategy in the financial markets.

MyFlashFunding Fees: How Much Do They Charge?

Trading fees at MyFlashFunding are structured as follows:

Trading Commission:

FOREX: 7 USD per LOT

COMMODITIES: 7 USD per LOT

INDICES: 7 USD per LOT

CRYPTO: 7 USD per LOT

MyFlashFunding Proof of Payment:

April 27, 2023, was MyFlashFunding’s official incorporation day, a noteworthy business achievement. August 2, 2023, was the official launch event, which marked the start of their active operations, however, it was held a few months later.

One-step and two-step review processes are among the special funding programs that MyFlashFunding offers when you decide to work with them as a partner. Following a 30-day waiting period, you can expect your first reimbursement after successfully achieving funded status within these schemes. Payouts will then be accessible every week. The 80% profit split, which gives traders access to 80% of the earnings made on funded accounts, is a compelling feature.

Since MyFlashFunding is a newly established private trading company, I haven’t found much information on the proof of payouts to its traders. It’s crucial to remember that as more traders successfully receive their rewards and submit the required paperwork, this section will be updated.

Despite the limited data, it seems that the first group of traders using MyFlashFunding has achieved funded status, demonstrating the company’s dedication to keeping its word to traders.

MyFlashFunding Customer Support:

MyFlashFunding keeps a busy social media presence, which facilitates communication with them and allows interested parties and traders to learn about their latest news and products.

This is an overview of their support avenues and social media presence:

Social Networks: 

• Instagram: MyFlashFunding has 603 followers on Instagram, which gives users a visual peek into their posts and activities.
• Twitter: MyFlashFunding has 5,118 followers on Twitter, where they publish news, insights, and real-time information on trade and their services.
• Telegram: MyFlashFunding has a Telegram channel with over 37 members where users can participate in discussions, receive notifications, and obtain insightful information for more in-depth updates and discussions.
• Discord: With more than 4,500 users, their lively Discord channel provides a forum for conversations, teamwork, and networking among traders and aficionados. 

Customer Support:

Offering its users complete service is a top priority for MyFlashFunding.

• FAQ Page: They have a comprehensive FAQ page on their website that answers common questions about general information, account regulations, and platform-specific issues. This tool acts as a convenient quick reference for frequently asked queries.
• Email Support: You can email their support team at [email protected] if you require individualized assistance. This direct line of communication enables in-depth questions and support.
• Live Chat Support: If you have any questions or issues regarding the products or services offered by the organization, you can get prompt help by utilizing the live chat support staff on the MyFlashFunding website.
• Discord Customer Support: Using their Discord channel is an additional way to communicate with their support staff. There, a committed team of customer service representatives is ready to answer your questions and offer timely assistance. This channel provides a quick and interactive way to get your concerns addressed and questions answered. 

MyFlashFunding is dedicated to providing traders and users with information and help throughout their trading adventures. This is demonstrated by its multifaceted approach to support and its active presence on social media platforms.

What makes MyFlashFunding unique? 

Offering two unique funding programs a one-step and a two-step evaluation process MyFlashFunding sets itself apart from most industry-leading proprietary trading firms. Their dedication to simple and liberal trading regulations, which provide traders with a degree of flexibility and freedom that is difficult to obtain elsewhere, is what sets them apart.

MyFlashFunding’s two-step evaluation program requires traders to complete two unique steps before they can be eligible for rewards. In both stages, traders have to hit a 6% profit target while staying within a 4% daily maximum loss and an 8% maximum loss cap. The program’s noteworthy aspect is that traders are not required to meet their objectives within a set amount of time.

It differs from many other prop services in that there are no minimum trading day requirements. In addition, this two-phase assessment considers a scaling strategy. In contrast to its competitors in the sector, MyFlashFunding is unique in that it has exceptionally low-profit targets and a long trading period with no minimum trading day restrictions.

However, MyFlashFunding also offers traders a one-step assessment procedure; to be eligible for payouts, traders must finish a single phase. There is a 10% profit target for this program, along with a 4% daily loss cap and a 6% maximum trailing loss limit.

The one-step program has no minimum trading day limitations and an unlimited trading term, just like the two-step evaluation. Once again, this is supported by a scaling strategy. I find MyFlashFunding’s one-step evaluation program unique among top proprietary trading firms since it offers me an unrestricted trading period, no minimum trading day limits, and a commitment to letting me execute my plans without any constraints.

In conclusion, MyFlashFunding sets itself apart from its competitors in the business with its two-pronged assessment system and dedication to giving me a great deal of flexibility when it comes to trading regulations. With its one-step and two-step evaluation methods, MyFlashFunding distinguishes itself as a unique and trader-friendly proprietary trading organization by allowing me to trade with flexibility and no restrictions.

MyFlashFunding Reviews: What Do Their Customers Say?

Trustpilot:

On Trustpilot, MyFlashFunding has 4.8 stars out of 5 stars, and a total of 162 customers reviewed them there. They are a verified company on Trustpilot. The company is in an excellent state on this platform.

Positive Customer Responses on Various Rating Websites:

#1. After making a payment to open an account with MyFlashFunding, I quickly received my trading credentials and was able to begin trading.

Additionally, they answered my concerns quickly, and the support staff helped me to ensure my satisfaction.

#2. MyFlashfunding has consistently promoted a high standard of customer service. Especially with the traders switching to their new broker, I am impressed. They performed a fantastic job that I haven’t seen from other prop companies previously. They seem to genuinely want the best for their traders, in my opinion.

#3. I genuinely adore every aspect of this business. However, they claim there are no EA limitations. It’s evident from reading the terms and conditions that there are limitations, such as those on HFT EAs. Thus, some deceptive advertising material.

#4. Something seemed off when I tried a few times to get my $30000 back into my account and customer service would not reply to my emails. Finally, I emailed the company/website using my picture and received assistance with a refund.

#5. This company doesn’t have anything worthwhile to offer because it’s time-consuming; don’t waste your time or money fiddling around here. I highly suggest you avoid them because none of my payouts were approved, and I had to wait for several weeks before receiving anything. As a result, you will never receive any money from them. I had a great experience with Infinity Metrix when my cousin introduced me to it; my only regret is that I should have discovered it sooner.

Wrapping it up:

To summarize, MyFlashFunding is a respectable in-house trading company that offers traders a selection of two funding options: one-step and two-step assessment accounts. They have no restrictions on trading style or lot size, simple trading regulations, an infinite trading time, and the option to hold trades overnight and on weekends.

To pass the two-step evaluation, traders must complete both phases, meeting 6% profit targets each time while abiding by the 4% daily loss and 8% maximum loss restrictions. Traders can take advantage of 80% profit splits and scaling chances, and there are no minimum trading day limitations.

If you want to begin your trading journey, I recommend going with CTI’s Scaling Plan. Not only will you get instant funding with them but also get access to their vast selection of tools & resources.

Completing a single phase with a 10% profit target, 4% maximum daily drawdown, and 6% maximum trailing drawdown restrictions is required for the one-step evaluation. Similar to the two-step scheme, traders can grow their accounts and earn 80% profit splits, and there are no minimum trading day requirements.

For traders looking for a reliable prop firm with definite regulations and reachable trading objectives, MyFlashFunding is advised. They have positioned themselves as a potential participant in the proprietary trading market by providing advantageous conditions for a wide variety of traders with distinctive techniques. MyFlashFunding is going to do amazing things in the future.