What MyFundedFX was

MyFundedFX was one of the larger FX and Contract-for-Difference (CFD) prop-challenge firms of the 2022–2025 cycle, selling one-, two- and three-step evaluations with simulated funded accounts. When MetaQuotes pressure pushed prop firms off MetaTrader in early 2024, MyFundedFX was among the venues that moved to alternative platforms, eventually settling on DXtrade and Match-Trader, per TradingFinder’s archived terms. Its final published terms were competitive but unremarkable: an 80% standard split, bi-weekly payouts with 12–72 hour processing, and three profitable trading days minimum before withdrawal.

The rebrand that preceded the end

On February 11, 2025, MyFundedFX announced it was becoming SeacrestFunded, aligning the challenge brand with its South Africa-licensed brokerage wing, Seacrest Markets — and simultaneously halted new purchases from US customers indefinitely, per FX News Group. “This rebranding reflects our commitment to evolving and delivering the best possible service and experience to you,” Chief Executive Officer Matthew Leech told customers at the time, describing the US restriction as “the difficult decision to indefinitely restrict new purchases of our services from customers based in the United States.” In hindsight, both moves read as the start of the wind-down: the broker-backed model became the business, and the challenge product became a liability.

The shutdown: two days’ notice, thirty-day payouts

On February 4, 2026, Seacrest announced it was exiting prop trading entirely to focus on its CFD brokerage; all prop accounts and open positions were terminated after February 6, per Finance Magnates. The final-payout mechanics matter for anyone still holding a claim: traders with active, unbreached challenge accounts were offered full challenge-fee refunds, funded traders were paid their final dashboard balance, and the firm said final payouts would be “processed within 30 days on a first-come, first-served basis.” Giveaway accounts, breached accounts and inactive accounts got nothing. The claim deadline was February 28, 2026 — meaning any unclaimed balance is, as of this writing, almost certainly gone. What we could not verify: whether every eligible claim was in fact paid. No audited wind-down report was published, and the parent’s own site now displays only a closure notice stating the firm “is no longer operating.”

The stale-review problem

Months after the shutdown, multiple aggregator review sites still carried “SeacrestFunded (MyFundedFX) Review 2026” pages presenting the firm as live — some dated as late as April 2026, complete with discount codes. That is the information-hygiene failure this page exists to correct, and it is a useful reminder of how the prop-review economy works: affiliate pages have no incentive to report a shutdown. The community drew the broader lesson quickly. As one r/PropFirmTester user put it in July 2026: “This is why I never keep all my funded accounts with one firm. Diversification isn’t just for trades, it’s for prop firms too.”

One family, two fates

A point of frequent confusion: My Funded Futures, the Houston-based futures prop firm sharing the “MyFunded” branding lineage, was not part of the Seacrest shutdown — it continued operating through the transition and remains live, currently pursuing a National Futures Association registration, as covered in our review. The FX arm died; the futures sister brand survived. Traders holding accounts at either firm should treat them as entirely separate counterparties, because that is what they were when it mattered.

How its final terms compare with live alternatives

FTMO figures per FTMO’s published objectives; Funding Pips figures per BrokerAnalysis, 2026. The comparison is the post-mortem’s real lesson: MyFundedFX’s paper terms were middle-of-the-pack right up until the day they were worthless. Terms tell you the price of a challenge; they tell you nothing about whether the counterparty will exist next quarter — the same lesson underlying our Funding Pips review, where the headline risk is a rule, and this page, where the risk was the firm itself.

Regulatory posture

MyFundedFX’s challenge business was never regulated — a standard arrangement for CFD prop firms. Its parent, Seacrest Markets (PTY) Ltd, is domiciled in South Africa and holds Financial Sector Conduct Authority (FSCA) FSP licence 53315, obtained in 2023, per the firm’s own site notice. That licence covered the brokerage, not the challenge product, and it did not entitle prop customers to any client-money protection or compensation scheme when the shutdown came — accounts were simulated and the capital was always the firm’s. The two-day notice period broke no regulation because there was no regulation to break.

FAQ

Is MyFundedFX still operating?
No. The brand became SeacrestFunded in February 2025, and parent Seacrest Markets terminated all prop-trading accounts on February 6, 2026, announced just two days earlier. The parent’s website now carries a notice that the firm is no longer operating at all.

Can I still get a refund from MyFundedFX?
Almost certainly not. The claim window for challenge-fee refunds and final funded-account payouts closed on February 28, 2026, with payouts processed within 30 days on a first-come, first-served basis. Breached, giveaway and inactive accounts were excluded from the start.

Is My Funded Futures the same company?
No. My Funded Futures is a separate, Houston-based futures prop firm from the same branding lineage that was not part of the Seacrest shutdown and continues to operate, currently pursuing NFA registration. Treat the two as unrelated counterparties.

Why do 2026 reviews still recommend MyFundedFX?
Because affiliate review pages are rarely updated when a firm dies — several still carried discount codes months after the shutdown. Check the firm’s own site and dated news coverage before paying any challenge fee, for any firm.

What happened to traders’ open positions?
All open positions on prop accounts were force-closed when accounts terminated after February 6, 2026. Funded traders were credited their final dashboard balance and directed into the refund process; there was no option to keep trading out of positions.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.

Abdelaziz Fathi

Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets. With a B.A. in Finance and hands-on industry exposure, Aziz blends analytical rigor with clear storytelling to make complex market structure understandable for traders, brokers, and fintech professionals.