MyFundedFX Rules Explained: Drawdown, Targets, and How to Pass

MyFundedFX is one of the major prop firms offering funded forex and crypto accounts. Their evaluation model follows industry-standard two-phase challenges — but the specific rules differ from FTMO in several important ways. Understanding those differences is critical before you trade a single lot.

MyFundedFX Account Sizes

MyFundedFX offers the following standard account sizes:

| Account Size | Profit Target (Phase 1) | Profit Target (Phase 2) | Daily Drawdown | Max Drawdown | |-------------|------------------------|------------------------|----------------|--------------| | $5,000 | 8% ($400) | 5% ($250) | 5% ($250) | 10% ($500) | | $10,000 | 8% ($800) | 5% ($500) | 5% ($500) | 10% ($1,000) | | $25,000 | 8% ($2,000) | 5% ($1,250) | 5% ($1,250) | 10% ($2,500) | | $50,000 | 8% ($4,000) | 5% ($2,500) | 5% ($2,500) | 10% ($5,000) | | $100,000 | 8% ($8,000) | 5% ($5,000) | 5% ($5,000) | 10% ($10,000) | | $200,000 | 8% ($16,000) | 5% ($10,000) | 5% ($10,000) | 10% ($20,000) |

Track your daily drawdown in real time with our MyFundedFX Drawdown Calculator.

How MyFundedFX Calculates Drawdown

Like most modern prop firms, MyFundedFX uses equity-based drawdown — meaning your open floating P&L counts toward your daily limit, not just your closed trades.

Daily drawdown resets at midnight server time (check your dashboard for the exact timezone — it varies by broker).

Maximum drawdown is tracked from the initial starting balance, not a high-water mark. This means:

• You start with $100,000
• You lose $3,000 on day 1 → balance $97,000
• You make $5,000 → balance $102,000
• Maximum drawdown limit is still calculated from $100,000 — your max floor is $90,000

This is a static drawdown model. Some competing firms use trailing drawdown (which rises with your balance), making them harder to pass. MyFundedFX's static model is more favorable.

Phase 1 vs Phase 2: What Changes?

| Rule | Phase 1 | Phase 2 | |------|---------|---------| | Profit target | 8% | 5% | | Daily drawdown | 5% | 5% | | Max drawdown | 10% | 10% | | Minimum trading days | 5 | 5 | | Time limit | 30 days | 60 days |

The drawdown rules are identical in both phases. The main difference is a lower profit target and a longer time window in Phase 2 — designed to confirm that Phase 1 wasn't luck.

Key Rules to Know

Minimum trading days: You must trade for at least 5 different calendar days. You cannot hit the profit target in 2 days and pass. Many traders forget this and rush.

No weekend holding (optional rule): Check whether your specific plan prohibits holding positions over weekends. Some MyFundedFX plans allow it, others don't. Read your specific plan terms.

News trading: MyFundedFX allows news trading on most plans. Verify this on your specific account type before trading major economic events.

Expert advisors (EAs): Allowed, but must be your own logic. Copy trading or signal services used by multiple accounts are prohibited (high-frequency arbitrage detection).

Most Common Reasons for Failure

1. Hitting the daily drawdown with floating losses
The most common failure. Traders close their winning trades but leave their losers open, not realizing that unrealized losses already count.

2. Revenge trading after early losses
Starting a session down $1,500 and increasing size to recover — then hitting the $2,500 daily limit within an hour.

3. Rushing the profit target
Taking outsized risk to hit 8% quickly. The profit target is a minimum requirement, not a race. Consistency matters more than speed.

4. Ignoring the 5-day minimum
Hitting the profit target in 3 days but failing because the minimum trading day rule requires 5 separate days with trades.

5. Time zone confusion
Not knowing when the daily drawdown resets. Trading an extra large size late in the day assuming you're in a "new session" when you're not.

How to Pass MyFundedFX

Approach Phase 1 like a funded account

Most traders fail Phase 1 by taking more risk than they would on a real funded account. Treat the evaluation money as real.

Risk 0.5–1% per trade

At 1% risk per trade, you need 8 consecutive winning trades to pass Phase 1. That's achievable without large position sizes. At 5% risk, two bad trades end your challenge.

Use the drawdown calculator before every session

Before placing any trade, know:

• Starting balance for the day
• Your daily limit in dollar terms
• Your absolute equity floor
• How much margin is safe to use across open positions

Stop trading at 60% of your daily limit

If you're down $1,500 on a $100,000 account (60% of the $2,500 daily limit), stop trading for the day. The remaining $1,000 buffer is not worth the risk of a bad execution or news spike.

Payout Structure

MyFundedFX offers up to 85% profit share on funded accounts. Payouts are available bi-weekly once the minimum holding period and trading requirements are met.

Summary

• Phase 1: 8% profit target, 5% daily drawdown, 10% max drawdown
• Phase 2: 5% profit target, same drawdown rules
• Drawdown is equity-based — floating losses count
• Maximum drawdown is static from initial balance (not trailing)
• Minimum 5 trading days required in each phase
• Risk 0.5–1% per trade and stop at 60% of daily limit

→ MyFundedFX Drawdown Calculator