MyFlashFunding, a dynamic online prop firm, has recently been acquired by Sway Funded, a leading name in the trading industry. This acquisition marks a significant milestone, offering traders enhanced benefits and streamlined services. MyFlashFunding is renowned for its innovative demo trading evaluation program, which allows traders to showcase their skills without financial risk.
By participating in this program, traders can earn simulated profit splits and eventually secure virtual funded accounts. With the transition to Sway Funded, users can expect improved trade execution, daily payouts, and competitive spreads. This merger promises to elevate the trading experience, making it more accessible and rewarding for traders of all levels.
What is MyFlashFunding?
| Key Feature | Details |
|---|---|
| CEO | Blake Carter |
| Platform | MT4/5 |
| Payout Split | Upto 80% |
| First Payout | 14 days |
| Subsequent Payouts | Weekly |
| Initial Maximum Drawdown | Upto 8% |
| Headquarters | USA |
| Expert Advisors | Allowed |
| Max Funding | $200,000 |
| Funding Programs | Flash, Bolt, Zeus |
| Leverage | 1:100 |
| Weekend Holding | Allowed |
| Contact | help@myflashfunding.com |
| Trustpilot Rating | 4.6/5.0 |
MyFlashFunding is an online proprietary trading firm that offers a demo trading evaluation program, allowing traders to showcase their skills in a risk-free environment for a low upfront fee. Founded on April 27, 2023, and headquartered at 401 Pine Street, Saint Louis, MO 63102, the company is led by CEO Blake Carter.
What sets MyFlashFunding apart from other prop firms is their realistic trading objectives, such as no time restrictions, no minimum trading day requirements, and the ability to hold trades over weekends.
The company's mission is to provide sufficient capital and a supportive environment for traders to succeed in the financial markets.
MyFlashFunding’s Unique Evaluation Process
MyFlashFunding offers traders three unique evaluation options to prove their trading skills and become funded: the Flash Challenge, Bolt Challenge, and Zeus Challenge.
1. Flash Challenge
The Flash Challenge is a two-step evaluation process that follows the industry-standard model. Traders must complete two phases before becoming eligible for a funded account and earning 80% profit splits.
In both evaluation phases, traders must reach a 6% profit target while adhering to a 4% maximum daily loss and 8% maximum loss limit. There are no minimum or maximum trading day requirements, allowing traders to progress at their own pace. The Flash Challenge also features a scaling plan, enabling traders to increase their initial account balance.
| Account Size | Pricing |
|---|---|
| $10,000 | $97 |
| $25,000 | $187 |
| $50,000 | $297 |
| $100,000 | $497 |
| $200,000 | $977 |
2. Bolt Challenge
Similar to the Flash Challenge, the Bolt Challenge is a two-step evaluation process. However, the profit targets differ by 8% in phase one and 5% in phase two. Traders must still follow the 4% maximum daily loss and 8% maximum loss rules.
Like the Flash Challenge, there are no time restrictions or minimum trading day requirements in the Bolt Challenge. Traders can earn 80% profit splits upon successful completion and have the opportunity to scale their account balance.
| Account Size | Pricing |
|---|---|
| $10,000 | $77 |
| $25,000 | $147 |
| $50,000 | $247 |
| $100,000 | $447 |
| $200,000 | $897 |
3. Zeus Challenge
The Zeus Challenge is a streamlined, one-step evaluation process. Traders only need to complete a single phase before becoming eligible for a funded account and 80% profit splits.
In the Zeus Challenge, traders must achieve a 10% profit target while operating within a 4% maximum daily loss and 6% maximum trailing loss limit. As with the other challenges, there are no minimum trading day requirements or time constraints. The Zeus Challenge also offers a scaling plan for account growth.
| Account Size | Pricing |
|---|---|
| $10,000 | $107 |
| $25,000 | $207 |
| $50,000 | $307 |
| $100,000 | $507 |
| $200,000 | $1,007 |
Generous Payouts and Profit Splits
My Flash Funding's commitment to empowering traders extends beyond the evaluation phase. Once a trader successfully completes their chosen challenge, they become a Flash Trader, eligible for an industry-leading 80% profit split. This generous arrangement ensures that traders are well-rewarded for their skills and dedication.
Payouts are processed swiftly and efficiently, with traders able to request withdrawals via the dashboard just 14 days after their initial trade. My Flash Funding understands the importance of timely access to funds, and their bi-weekly payout schedule sets them apart in the industry. Payouts are processed through Wise, offering various options to accommodate traders from different regions. For those in countries where Wise is restricted, alternative arrangements can be made via cryptocurrency.
Pathbreaking MT4/5 Trading Platforms
To support traders in their quest for success, My Flash Funding provides access to state-of-the-art trading platforms. Traders can choose between the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both of which are integrated with ThinkMarkets.
These platforms offer a range of powerful tools and features, including advanced charting capabilities, automated trading options, and complete market analysis. Traders can utilize these resources to develop and refine their strategies, execute trades with precision, and stay informed about market trends and opportunities.
My Flash Funding's partnership with ThinkMarkets ensures that traders have access to deep liquidity, competitive spreads, and reliable execution. This collaboration underscores the firm's commitment to providing traders with the best possible trading environment, enabling them to focus on what matters most: honing their skills and achieving consistent profitability.
A Supportive Trading Community
Beyond the technical aspects of trading, My Flash Funding recognizes the value of a strong and supportive trading community. The firm has cultivated a vibrant ecosystem where traders can connect, learn, and grow together.
My Flash Funding has a Discord server, boasting over 25,000 members. This platform serves as a hub for traders to engage in discussions, share insights, and seek guidance from experienced professionals. Regular webinars, educational resources, and trading competitions further enhance the learning experience and foster a sense of camaraderie among traders.
The My Flash Funding team is dedicated to providing exceptional customer support, with a responsive and knowledgeable staff available to assist traders at every step of their journey.
MyFlashFunding Details
| Key Feature | Details |
|---|---|
| Supported Platforms | MT4/5 |
| Payment Methods | Credit/Debit Cards, Cryptocurrency (Bitcoin and others) |
| Withdrawal Methods | Cryptocurrency, Deel, PayPal, WireTransfer/BankTransfer, Rise |
| Headquarter | USA |
| Restricted Countries | Cuba, Iran, North Korea, Syria |
| Tradable Instruments | Forex Pairs, Commodities, Indices, Cryptocurrencies |
| Owner | Blake Carter |
| Established | 2023 |
FAQs On MyFlashFunding
Is MyFlashFunding a Broker?
No, MyFlashFunding is not a broker. It is a demo trading evaluation firm that provides traders with simulated funded demo accounts after they pass a 1-step or 2-step evaluation process.
When was MyFlashFunding Incorporated?
MyFlashFunding is a proprietary trading firm that was incorporated on April 27, 2023.
Where can MyFlashFunding's proof of Payment be found?
MyFlashFunding's payment proof can be found on websites like Trustpilot, where traders comment on their experience and the payout process. Proof of payment is also available on their Discord channel and YouTube channel.
What makes MyFlashFunding different from other Prop Firms?
MyFlashFunding differs from most industry-leading prop firms by offering three unique account types: two two-step evaluations and a one-step evaluation.
How has MyFlashFunding's CEO responded to Payout Concerns?
Blake Carter, CEO of MyFlashFunding, addressed concerns regarding the company's payout fulfillment. He stated that adjustments were only made in one instance due to a technical issue, and full refunds and compensation were provided.
How can I contact MyFlashFunding about My Personal Information?
Any requests to exercise your rights regarding your personal information can be sent to MyFlashFunding by email at help@myflashfunding.com.
To Conclude
MyFlashFunding has demonstrated a commitment to providing traders with a platform to hone their skills in a risk-free environment. Despite facing significant challenges, including platform issues and regulatory changes, the firm's recent acquisition by Sway Funded marks a new chapter.
This transition ensures continuity for traders and promises enhanced benefits under Sway Funded's robust infrastructure. As MyFlashFunding shifts its focus to becoming an educational hub, it continues to support the trading community, fostering growth and financial literacy. The seamless migration and the assurance of pending payouts reflect a dedication to trader welfare, paving the way for a promising future in the prop trading industry.
