My Funded Perps review

The commission is 0.03% for crypto, 0.0025% for forex, and 0.005% for stocks, commodities, and indices. Maker and taker rates are the same. A $10,000 crypto entry costs $3, and a $10,000 exit costs another $3, for $6 total.

My Funded Perps (MyFundedPerpetuals) is a proprietary trading evaluation firm offering simulated perpetual futures trading through its proprietary browser-based platform. Traders can access cryptocurrency, stock, commodity, index, and forex markets using live reference market data with simulated execution. Cryptocurrency markets operate 24/7, while other instruments may follow scheduled market hours. Overnight and weekend holding are permitted on 24/7 markets. Positions on 23/5 markets are automatically closed 15 minutes before the Friday market close.

The firm offers four 1-Step evaluation models: Select, Prime, Signature, and Elite. Select, Prime, and Signature are available in $10K, $25K, $50K, and $100K sizes, with respective evaluation profit targets of 9%, 12%, and 10%, and static maximum drawdown limits of 3%, 5%, and 6%. Elite accounts are available in $5K, $10K, $25K, and $50K sizes, with a 10% profit target, 5% static maximum drawdown, no consistency rule, and boosted leverage on selected instruments. Each Elite size is offered with either no Daily Loss Limit (No DLL) or an optional 3% DLL at a lower purchase price. Both configurations offer on-demand payouts and an optional 90% profit-split upgrade at checkout. Evaluations have no minimum trading-day requirement or completion deadline, but traders must execute at least one trade every 30 consecutive calendar days to avoid account failure.

After passing an evaluation, traders must complete identity verification through Sumsub, sign the customer agreement, and receive funding approval before accessing a separate Sim Funded account. Trading remains simulated in both stages, with no transition to live capital. Maximum active funded allocation is $300,000 per trader, with a $100,000 limit per model type. The Elite allocation limit applies collectively to all four Elite sizes and both DLL configurations, allowing up to two $50K Elite funded accounts or any combination totaling $100,000 or less. Evaluations exceeding funded allocation limits enter Funding Review after passing, and approval is not guaranteed. Funded accounts must execute at least one trade every 7 consecutive calendar days or risk closure for inactivity.

News trading is unrestricted during evaluations. Funded accounts have restrictions around high-impact economic announcements. From 10 to 2 minutes before a release, traders cannot increase exposure in the affected market. From 2 minutes before until 2 minutes after the release, manual trading is prohibited. Positions opened more than 10 minutes before the event may be held through the announcement. Company earnings announcements are also restricted for applicable stock and equity perpetual markets.

Native copy trading is permitted between eligible accounts owned by the same verified trader. Account sharing, third-party account management, cross-account hedging, coordinated trading, high-frequency trading (HFT), latency arbitrage, spoofing, wash trading, quote stuffing, platform exploitation, account cycling, and repeated all-or-nothing evaluation gambling are prohibited. Automated trading is permitted only through the firm's documented API and must comply with all trading restrictions. Violations may result in disqualification, adjusted profits, denied payouts, account closure, or suspension.

Trading commissions are charged on each fill at 0.03% for cryptocurrencies, 0.0025% for forex, and 0.005% for stocks, commodities, and indices. Elite accounts receive reduced 0.001% commissions on NAS100, SP500, Gold, and WTI Oil. Hourly swap fees apply to open positions, based on daily rates of 0.03% for cryptocurrencies, 0.005% for forex, and 0.015% for stocks, commodities, and indices. Elite accounts receive a reduced 0.01% daily swap rate on NAS100 and SP500. Trading commissions, swap fees, and execution costs reduce account equity and available drawdown.

My Funded Perps does not impose a consistency rule or minimum profitable-day requirement on Select, Prime, Signature, or Elite accounts during evaluation or funded trading. Evaluations have a single profit target, and funded accounts have no additional profit target. Evaluation passing is based on account equity, including unrealized profit or loss. When the required profit target is reached without breaching applicable risk limits, the evaluation passes automatically and open positions are closed.

Select, Prime, and Signature accounts have a 3% Daily Loss Limit (DLL), calculated as 3% of the original account size and measured against the account's start-of-day equity, including unrealized gains and losses. Elite accounts offer two configurations: No DLL, which has no daily loss limit, and 3% DLL, which follows the same daily loss calculation as Select, Prime, and Signature. The selected Elite DLL configuration applies in both evaluation and Sim Funded stages and cannot be changed after purchase.

For all accounts with a 3% DLL, the daily loss limit resets at midnight New York time (America/New_York), establishing a new daily loss floor using the equity recorded at that time. The dollar allowance remains fixed at 3% of the original account size. Reaching or falling below the daily loss threshold is a HARD BREACH that permanently fails the account and stops trading. The next daily reset does not restore a failed account. This enforcement applies during both evaluation and funded trading. The Elite 3% DLL amounts are $150 on the $5K, $300 on the $10K, $750 on the $25K, and $1,500 on the $50K.

All account models use static maximum drawdown. Select accounts have a 3% Maximum Loss Limit (MLL), Prime accounts 5%, Signature accounts 6%, and Elite accounts 5%. The initial maximum loss floor is calculated from the original starting balance and does not trail account profits or equity highs. The Elite maximum drawdown amounts are $250 on the $5K, $500 on the $10K, $1,250 on the $25K, and $2,500 on the $50K, establishing respective static loss floors of $4,750, $9,500, $23,750, and $47,500. Reaching the initial maximum loss floor causes a HARD BREACH and permanent account failure. Loss limits are monitored using account equity, including unrealized profit or loss and applicable trading fees.

On Select, Prime, and Signature funded accounts, the first approved withdrawal permanently raises the MLL floor to the original starting balance. Subsequent withdrawals do not move this floor. Equity exactly at the locked floor is permitted, but falling below it causes account failure. The separate 3% daily loss limit remains in effect.

Elite accounts do not have a post-withdrawal drawdown lock. Their 5% static maximum loss floor remains fixed at the original starting balance minus 5% throughout evaluation and Sim Funded trading, including after withdrawals. Reaching this floor causes a hard breach and permanent account failure. Elite accounts purchased with the 3% DLL option must also remain above their independently calculated daily loss floor, which is enforced as a hard breach. Elite accounts purchased with No DLL have no daily loss threshold or daily loss reset, but their static maximum loss limit remains fully enforceable. Both Elite configurations have no consistency requirement.

My Funded Perps offers an 80% standard funded profit split on Select, Prime, Signature, and Elite accounts, with an optional 90% split available as a paid upgrade at checkout. The upgraded split must be selected when purchasing the evaluation and cannot be added to an existing account. Elite payout terms are identical for the 3% DLL and No DLL configurations.

Select, Prime, and Signature funded accounts permit one payout request per New York calendar day, resetting at midnight Eastern time rather than following a rolling 24-hour cycle. Each eligible funded account has its own daily request allowance. There are no minimum trading days, qualifying profitable days, consistency requirements, or minimum funded profit targets beyond the available withdrawal requirement. The minimum payout request is $100 in gross profit before the split, producing $80 net at the standard 80% split or $90 at the upgraded 90% split.

Elite funded accounts offer on-demand payouts without a daily request limit, minimum trading-day requirement, or waiting period. The minimum gross withdrawal is $50 on the $5K Elite, $100 on the $10K Elite, $250 on the $25K Elite, and $500 on the $50K Elite. At the standard 80% profit split, these produce respective net payouts of $40, $80, $200, and $400. With the optional 90% profit split, the net amounts are $45, $90, $225, and $450. Traders may request available profits from their first funded day, and another request may be submitted once the previous request has finished and all eligibility conditions are satisfied. On-demand eligibility does not guarantee immediate approval or payment.

Before submitting a payout request, the funded account must remain active, all positions must be closed, resting orders canceled, and working orders settled. Payout requests are subject to eligibility checks and manual review. Trading is locked while a payout request is pending. Submitted requests cannot be canceled. The firm's FAQ states that rejected requests consume the day's allowance, while its dedicated payout documentation states that the allowance is restored after rejection.

Cash payouts are delivered through Rise following successful onboarding. Traders may alternatively receive store credit or divide an eligible payout between cash and store credit. The store-credit portion receives a 10% bonus, but store credit cannot be withdrawn as cash and expires 45 days after being added. The bonus does not increase the gross amount deducted from the funded account.

Upon approval, the full gross withdrawal amount, before the trader's profit split, is deducted from the funded account and a new payout cycle begins. Profits retained from the previous payout cycle become a trading buffer rather than withdrawable profits in later cycles. For Select, Prime, and Signature, the first withdrawal permanently locks the maximum loss floor to the account's original starting balance. Traders must retain sufficient equity above this floor to accommodate subsequent losses and trading fees. Elite accounts retain their original 5% static maximum loss floor after withdrawals, regardless of whether the account has the optional 3% DLL. On Elite 3% DLL accounts, the daily loss limit remains independently enforceable after withdrawals.

The firm's dedicated payout documentation specifies a $100,000 cumulative lifetime net payout cap per trader across all account models. However, its FAQ describes the same $100,000 threshold as graduation from the program, preventing further account purchases while allowing existing funded accounts to continue trading and receiving payouts beyond that amount. Whether the threshold is an absolute lifetime payout ceiling or a purchasing restriction remains unresolved. No separate first-payout or monthly dollar cap is published.

The firm's dedicated payout documentation and FAQ describe daily payout requests for Select, Prime, and Signature and on-demand requests for Elite. However, its Terms of Use still refer to weekly payout processing. Payout request eligibility is separate from approval and delivery time, and all withdrawals remain subject to the applicable account agreement, verification requirements, and compliance review.