My Funded Capital

Frequently Asked Question

Everything you need to know about our platform, evaluations and how to set up your My Funded Capital account.

General Trading Rules Live Accounts Overview Other General Questions

TRADING RULES

Rule Area Assessment Live Notes
Equity Growth Target 10% - Live Account has no limit
Daily Loss Limit 5% 5% Equity-based, limit set by prior day balance (Hard Breach)
Max Drawdown 6% 6% Equity-based, trailing account balance high water mark, locks in at starting account balance (Hard Breach)
Inactivity Period 30 Days 30 Days Must place trade (Hard Breach)
Leverage 1:30 1:30
Stoploss Required No No Not required
Minimum Trading Days 5 - The minimum time to complete the MFC Challenge is 5 trading days.
Profit Share - 80% Start at 80% can go up to 90% after 6 months consecutive successful performance.
Max Time - - No Max Time requirements

TRADING RULES | FREQUENTLY ASKED QUESTIONS (FAQ):

What is a Hard Breach rule?

Hard breach means that you violated either the Daily Loss Limit or Max Trailing Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Assessment and have your Live Account taken away. However you may purchase a New Plan and start over.

How do you calculate the 5% Daily Loss Limit?

The Daily Loss Limit is the maximum your account can lose on any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. Unlike other firms, we do NOT base our calculations on previous day equity since the balance-only model allows you to scale gains without fear of losing your account. The Daily Stop compounds with the increase in your account.

Example: if your prior day's end-of-day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new- day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.

How do you calculate the 6% Maximum Trailing Drawdown?

The Maximum Trailing Drawdown is initially set at 6% and trails (using CLOSED BALANCE - NOT equity) your account until you have achieved a 6% return in your account. Once you have achieved a 6% return the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. This allows for more trading flexibility. Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be ~$95,880. Next, let's say you take your account to $106,383 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches $100,000.

Is there a breach for inactivity?

Yes. If you do not place a trade at least once every 30 days on your account, we will consider you inactive and your account will be breached.

LIVE ACCOUNTS | FREQUENTLY ASKED QUESTIONS (FAQ):

Trader Verification:

Before you are issued your Live Account, you will be required to perform KYC via SumSub. We do not store any documents - all documents are sent through the SumSub portal for review. Once verified, you will sign your Trader Agreement and then be issued your Live Account.

How Long does it take to receive my Live Account?

Upon passing your Assessment, you will receive an email with instructions on how to access and complete your Trader Agreement. Once the agreement is completed and supporting documentation is provided, your Live Account will be created, funded and issued to you typically within 24-48 business hours.

Once I pass the Assessment am I provided with a demo or live account?

Once you pass the Assessment, we provide you with a live account, backed by our capital.

Can pricing or executions be manipulated in my Live Account?

No. The company operates at an arm's length with the Broker. All market pricing and trade executions are provided by the Broker and are not changed or modified by us. Additionally, we do not mark up transaction costs established by the Broker through adjusting bid-offer spreads, markups/markdowns, commission charges or swaps.

Am I subject to any position limits?

We reserve the right to limit the number of open positions you may enter or maintain in the Live Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Live Account will be halted. We or the Broker reserve the right to refuse to accept any order.

What are the rules for the Live Account?

The rules for the Live Account are exactly the same as your Assessment account. However, with a Live Account, there is no equity growth target.

If I have a hard breach in my Live Account and there are gains in the account, do I forfeit those gains?

If you have profits in your Funded account at the time of a hard breach you will not receive your performance split as default.

How do I withdraw the gains in my Live Account?

Traders can request a withdrawal of the gains in their Live Account at any time in their trader dashboard, but no more frequently than once per thirty (30) days. So, if you make gain in your Live Account, you can request a withdrawal. When you are ready to withdraw the gains from your Live Account, click the Withdrawal button in your trader dashboard and enter the amount to withdraw. Once your withdrawal request is approved, we will pay the amount owed to you via your selected method.

When can I withdraw the gains in my Live Account and how does that affect my Maximum Trailing Drawdown?

Your first withdrawal can be requested at any time. Thereafter, you can request a withdrawal of the gains in your account every 30 days. When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal. Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we will retain $3,200. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule. If you take a full withdrawal of the gains in your Live Account, the Maximum Trailing Drawdown will still lock in at the starting balance and will therefore result in the forfeiting of your Live Account, as your balance will trigger the Maximum Trailing Drawdown breach rule.

OTHER GENERAL QUESTIONS:

Do I have to use one of your accounts for the Assessment or can I use my own??

We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.

What Countries are accepted?

Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program.

What is the minimum age I must be to be part of your program?

You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.

Where do I track the progress of my account?

Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Live Accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.

What Platform can I trade on?

For both the 1-Step Challenge and the 2-Step Challenge, we offer the most popular trading platforms; DXTrade & Match-Trader.

What products can I trade?

You can trade any products offered by the Broker, as such products may change from time to time. This includes FX pairs and CFD Indices, Metals and Cryptocurrencies.

What is the leverage?

Our standard accounts have the following leverage 30:1 (FX & Gold) Indices 10:1, Stocks 2:1, Crypto 2:1.

What are the trading hours?

Trading hours are set by the Broker. We do not have any control over the trading hours. You can see the trading hours for each product by right-clicking on any product in the Market Watch window of the platform and selecting Specifications from the dropdown menu. Please note that holidays can have an impact on available trading hours.

Do your accounts charge commissions?

We use the RAW accounts from the Broker. These accounts have commission charges for Forex and Equity Share CFDs. The other products do not carry a commission.

Can I use an Expert Advisor?

Subject to our policy on Prohibited Trading as described below, you can trade using an Expert Advisor.

What is the policy on Prohibited Trading Activity?

You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Brokers it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:

  • ● Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker
  • ● Utilizing non-public and/or insider information
  • ● Front-running of trades placed elsewhere
  • ● Trading in any way that jeopardizes the relationship that the Company has with a Broker or may result in the canceling of trades
  • ● Trading in any way that creates regulatory issues for the Broker
  • ● Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
  • ● Utilizing one strategy to pass an assessment and then utilizing a different strategy in a live account, as determined by the Company at their discretion
  • ● Attempting to arbitrage an assessment account with another account with the Company or any third-party company, as determined by the Company in its sole and absolute discretion.

In further clarification to the above, the Company disallows the following strategies:

  • ● Martingale
  • ● High Frequency Trading
  • ● Scalping
  • ● Arbitrage
  • ● Gambling/Punting
  • ● Cheating
  • ● Collusion
  • ● Hedging

If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a live account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Broker to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a live account.If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a live account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Broker to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a live account.
Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions here myfundedcapital.com

Can I trade during News Events?

Yes, you can trade during the news provided that pricing data from the Broker continue to be provided.

How are taxes handled?

When trading a Live Account for our firm, you are treated as an independent contractor. As a result, you are responsible for all taxes on your gains.

How are affiliates credited?

Affiliates are given credit for introducing new Customers to the Company:

  • 1. Customers are registered to an affiliate during Customer Registration (i.e., when the Customer account is created). This is a separate process from Checkout.
  • 2. A Customer who creates an account that is NOT registered to an affiliate cannot be registered to an affiliate at a later point. At this point, they are no longer a new customer and therefore the affiliate has not introduced them to the Company.

A Customer who is registered to an affiliate will remain registered forever. An affiliate will receive affiliate credit for ALL orders from that customer for their lifetime.

General Trading Rules Live Accounts Overview Other General Questions

TRADING RULES

Rule Area Step 1 Step 2 Live Notes
Equity Growth Target 10% 5% - Live Account has no limit
Daily Loss Limit 5% 5% 5% Equity-based, limit set by prior day balance (Hard Breach)
Max Drawdown 10% 10% 10% Equity-based, trailing account balance high water mark, locks in at starting account balance (Hard Breach)
Inactivity Period 30 Days 30 Days 30 Days Must place trade (Hard Breach)
Leverage 1:30 1:30 1:30
Minimum Trading Days 5 5 - The minimum time to complete the MFC Challenge is 5 trading days.
Stoploss Required No No No Not required
Profit Share - - 80% Start at 80% can go up to 90% after 6 months consecutive successful performance.
Max Time - - - No Max Time requirements

TRADING RULES | FREQUENTLY ASKED QUESTIONS (FAQ):

What is a Hard Breach rule?

Hard breach means that you violated either the Daily Loss Limit or Max Trailing Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Assessment and have your Live Account taken away. However you may purchase a New Plan and start over.

How do you calculate the 5% Daily Loss Limit?

The Daily Loss Limit is the maximum your account can lose on any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. Unlike other firms, we do NOT base our calculations on previous day equity since the balance-only model allows you to scale gains without fear of losing your account. The Daily Stop compounds with the increase in your account.

Example: if your prior day's end-of-day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new- day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $95,000.

How do you calculate the 10% Maximum Trailing Drawdown?

Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at 10% of your starting balance. This 10% is static and does not trail.

Can I hold positions over the weekend?

Yes you can!

Is there a breach for inactivity?

Yes. If you do not place a trade at least once every 30 days on your account, we will consider you inactive and your account will be breached.

LIVE ACCOUNTS | FREQUENTLY ASKED QUESTIONS (FAQ):

Trader Verification:

Before you are issued your Live Account, you will be required to perform KYC via SumSub. We do not store any documents - all documents are sent through the SumSub portal for review. Once verified, you will sign your Trader Agreement and then be issued your Live Account.

How Long does it take to receive my Live Account?

Upon passing your Assessment, you will receive an email with instructions on how to access and complete your Trader Agreement. Once the agreement is completed and supporting documentation is provided, your Live Account will be created, funded and issued to you typically within 24-48 business hours.

Once I pass the Assessment am I provided with a demo or live account?

Once you pass the Assessment, we provide you with a live account, backed by our capital.

Can pricing or executions be manipulated in my Live Account?

No. The company operates at an arm's length with the Broker. All market pricing and trade executions are provided by the Broker and are not changed or modified by us. Additionally, we do not mark up transaction costs established by the Broker through adjusting bid-offer spreads, markups/markdowns, commission charges or swaps.

Am I subject to any position limits?

We reserve the right to limit the number of open positions you may enter or maintain in the Live Account at any time, and to revise in response to market conditions the drawdown levels at which trading in the Live Account will be halted. We or the Broker reserve the right to refuse to accept any order.

What are the rules for the Live Account?

The rules for the Live Account are exactly the same as your Assessment account. However, with a Live Account, there is no equity growth target.

If I have a hard breach in my Live Account and there are gains in the account, do I forfeit those gains?

If you have profits in your Funded account at the time of a hard breach you will not receive your performance split as default.

How do I withdraw the gains in my Live Account?

Traders can request a withdrawal of the gains in their Live Account at any time in their trader dashboard, but no more frequently than once per thirty (30) days. So, if you make gain in your Live Account, you can request a withdrawal. When you are ready to withdraw the gains from your Live Account, click the Withdrawal button in your trader dashboard and enter the amount to withdraw. Once your withdrawal request is approved, we will pay the amount owed to you via your selected method.

When can I withdraw the gains in my Live Account and how does that affect my Maximum Trailing Drawdown?

Your first withdrawal can be requested at any time. Thereafter, you can request a withdrawal of the gains in your account every 30 days. When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal. Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we will retain $3,200. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule. If you take a full withdrawal of the gains in your Live Account, the Maximum Trailing Drawdown will still lock in at the starting balance and will therefore result in the forfeiting of your Live Account, as your balance will trigger the Maximum Trailing Drawdown breach rule.

OTHER GENERAL QUESTIONS:

Do I have to use one of your accounts for the Assessment or can I use my own??

We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.

What Countries are accepted?

Subject to compliance with applicable laws and regulations, traders from all countries, excluding OFAC listed countries, can take part in our program.

What is the minimum age I must be to be part of your program?

You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchase an assessment.

Where do I track the progress of my account?

Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Live Accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.

What Platform can I trade on?

For both the 1-Step Challenge and the 2-Step Challenge, we offer the most popular trading platforms; DXTrade & Match-Trader.

What products can I trade?

You can trade any products offered by the Broker, as such products may change from time to time. This includes FX pairs and CFD Indices, Metals and Cryptocurrencies.

What is the leverage?

Our standard accounts have the following leverage 30:1 (FX & Gold) Indices 10:1, Stocks 2:1, Crypto 2:1.

What are the trading hours?

Trading hours are set by the Broker. We do not have any control over the trading hours. You can see the trading hours for each product by right-clicking on any product in the Market Watch window of the platform and selecting Specifications from the dropdown menu. Please note that holidays can have an impact on available trading hours.

Do your accounts charge commissions?

We use the RAW accounts from the Broker. These accounts have commission charges for Forex and Equity Share CFDs. The other products do not carry a commission.

Can I use an Expert Advisor?

Subject to our policy on Prohibited Trading as described below, you can trade using an Expert Advisor.

What is the policy on Prohibited Trading Activity?

You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Brokers it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:

  • ● Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker
  • ● Utilizing non-public and/or insider information
  • ● Front-running of trades placed elsewhere
  • ● Trading in any way that jeopardizes the relationship that the Company has with a Broker or may result in the canceling of trades
  • ● Trading in any way that creates regulatory issues for the Broker
  • ● Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass challenge accounts
  • ● Utilizing one strategy to pass an assessment and then utilizing a different strategy in a live account, as determined by the Company at their discretion
  • ● Attempting to arbitrage an assessment account with another account with the Company or any third-party company, as determined by the Company in its sole and absolute discretion.

In further clarification to the above, the Company disallows the following strategies:

  • ● Martingale
  • ● High Frequency Trading
  • ● Scalping
  • ● Arbitrage
  • ● Gambling/Punting
  • ● Cheating
  • ● Collusion
  • ● Hedging

If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a live account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Broker to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a live account.If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a live account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Broker to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a live account.
Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion.
To view all Prohibited Uses, please review our Terms and Conditions here myfundedcapital.com

Can I trade during News Events?

Yes, you can trade during the news provided that pricing data from the Broker continue to be provided.

How are taxes handled?

When trading a Live Account for our firm, you are treated as an independent contractor. As a result, you are responsible for all taxes on your gains.

How are affiliates credited?

Affiliates are given credit for introducing new Customers to the Company:

  • 1. Customers are registered to an affiliate during Customer Registration (i.e., when the Customer account is created). This is a separate process from Checkout.
  • 2. A Customer who creates an account that is NOT registered to an affiliate cannot be registered to an affiliate at a later point. At this point, they are no longer a new customer and therefore the affiliate has not introduced them to the Company.

A Customer who is registered to an affiliate will remain registered forever. An affiliate will receive affiliate credit for ALL orders from that customer for their lifetime.