I’ve explored numerous prop trading firms over the years, each with its own set of promises and pitfalls.
When I stumbled upon Seacrest Funded (previously MyFundedFX) I approached it with a healthy dose of skepticism.
However, after immersing myself in their evaluation process, pricing structures, and trader policies, I found several aspects that stood out.
Seacrest Funded Review – What Is Seacrest Funded?
At its core, Seacrest Funded is a proprietary trading firm that gives you access to serious capital – as long as you can prove you know what you’re doing.
You don’t need to risk your own money.
Instead, you take on a challenge (either 1-step or 2-step), show that you can trade with consistency and solid risk management, and once you pass – boom – you get funded.
You trade their capital, and when you make profits, you keep most of it.
But here’s what actually sets Seacrest apart: they don’t shove you into some pressure cooker.
They’re not hounding you with a 30-day countdown. There’s no time limit on their evaluations. You trade at your own pace, and that’s rare in this space.
It gives you breathing room to wait for quality setups instead of rushing into trades just to meet a deadline.
Beyond that, they’re one of the few prop firms that support multiple platforms, and they let you trade during news events, hold positions over weekends, and access over 175 assets, including forex, crypto, commodities, and indices.
Evaluation Process: Tailored Challenges for Diverse Traders
Seacrest Funded offers multiple evaluation programs designed to accommodate various trading styles and experience levels.
Each program has specific profit targets, drawdown limits, and trading rules.
Here’s a breakdown:
1-Step Challenge
- Profit Target: 6%
- Maximum Daily Drawdown: 4%
- Overall Drawdown Limit: 8%
- Minimum Trading Days: 1
- Trading Period: Unlimited
- Leverage: Up to 1:30
This challenge is ideal for traders seeking a straightforward evaluation with a single-phase process.
2-Step Challenge
Phase 1:
- Profit Target: 6%
- Maximum Daily Drawdown: 4%
- Overall Drawdown Limit: 8%
- Minimum Trading Days: 1
- Trading Period: Unlimited
- Leverage: Up to 1:30
Phase 2:
- Profit Target: 6%
- Drawdown Limits: Same as Phase 1
- Other Conditions: Consistent with Phase 1
This two-phase challenge offers a balanced approach, allowing traders to demonstrate consistent performance over an extended period.
2-Step Max Challenge
Similar to the standard 2-Step Challenge but with adjusted parameters to suit traders aiming for higher account balances.
3-Step Challenge
An extended evaluation process designed for traders who prefer a gradual progression, emphasizing long-term consistency and risk management.
Across all challenges, Seacrest emphasizes risk management by enforcing daily and overall drawdown limits.
Traders are encouraged to adhere strictly to these parameters to maintain their evaluation status.
Most prop firms start to blend together after a while. They throw around the same buzzwords: “funded accounts,” “low fees,” “fast payouts.”
But when you dig into the fine print, you start to see where the differences really show up. And in the case of Seacrest Funded, a few key features actually do stand out in a good way.
Seacrest Funded Key Features
1. No Time Limits – Finally, You Can Trade on Your Schedule
This is hands-down one of Seacrest’s biggest advantages. There are no time restrictions to complete your evaluation.
Whether you pass in a week or take two months, there’s no clock counting down in the background, pressuring you to rush trades.
Most firms give you 30 days to hit your target.
That creates unnecessary stress, bad trades, and worse – failed evaluations that had nothing to do with skill.
Seacrest strips that pressure away. You focus on the charts, not the calendar.
2. Trade During News – and Over the Weekend
High-impact news events are some of the best opportunities for experienced traders – yet most prop firms force you to sit them out. Not Seacrest.
They allow news trading. You can hold positions into major releases and react in real-time without worrying about breaking any hidden rule.
Even better, you’re allowed to hold trades over the weekend.
That’s rare, and it’s a huge plus for swing traders who don’t want to close strong positions on Friday just because the firm says so.
3. Plenty of Assets to Trade
Seacrest gives you access to over 175 trading instruments. That includes:
- Major and minor forex pairs
- Global indices
- Popular commodities
- And even cryptocurrencies
That’s more than enough to build a smart, well-diversified trading strategy.
Whether you’re scalping EUR/USD, riding momentum in NASDAQ, or swinging BTC, you’ll have options – and that’s what modern prop trading should be about.
4. Choose the Platform That Works for You
Seacrest supports a solid range of trading platforms. You’re not locked into just one.
- MetaTrader 5 (MT5): Still the go-to for most forex traders. Fast, familiar, and packed with tools.
- cTrader: Loved for its depth of order types and clean interface.
- Match-Trader and DXTrade: Both are newer, browser-based platforms with surprisingly advanced features.
The key here is freedom. You get to use the tools that fit your workflow – not what’s cheapest for the firm to host.
5. Solid Profit Split – with Room to Grow
Seacrest starts you off with a standard 80/20 profit split – you keep 80%, and they take 20%. That’s fair and competitive.
But here’s the kicker: You can upgrade to a 90/10 split just by paying a small fee.
It’s optional, but if you’re confident in your edge and plan to scale up fast, that extra 10% could add up to serious money over time.
6. Payouts Every 14 Days – No Delays, No Minimums
You don’t need to wait a month to withdraw your profits. Seacrest allows payouts every two weeks once you’re funded.
There’s no minimum withdrawal amount and no hoops to jump through. Just trade, earn, withdraw.
The payouts are processed via Rise and crypto, which makes it easy for international traders as well.
7. Community That’s Actually Active
Seacrest has one of the largest Discord communities in the prop trading space – over 125,000 traders. That’s not just a vanity metric.
It means you’ll find active discussions, strategy tips, live support, and probably someone who’s traded the exact setup you’re thinking about taking.
And from what I’ve seen, Seacrest’s support team is active in those channels too, not just leaving traders to figure things out on their own.
Account Types and Pricing
Seacrest keeps it simple when it comes to pricing – and that’s a relief.
No hidden monthly charges. No surprise “reset” fees. You pay once for your challenge, and that’s it.
The pricing is competitive and in line with other major prop firms, with some great value at the lower tiers for newer traders. They also offer regular discount codes. You can get the latest one here.
Here’s a breakdown of their most common account sizes and pricing for the 2-Step Challenge:
| Account Size | One-Time Fee |
| $10,000 | $70 |
| $25,000 | $155 |
| $50,000 | $305 |
| $100,000 | $485 |
All in all, the pricing is fair – not the cheapest in the game, but you get the flexibility and trader-first rules that justify it.
Is Seacrest Funded Legit?
Let’s cut through the noise: yes, Seacrest Funded is legit. But like any prop firm, there are a few things you need to understand.
First, this is a simulated trading firm. When you take the evaluation or even trade on a funded account, you’re not directly executing trades in the live markets – your trades are mirrored in a simulated environment based on live price feeds.
This is normal. Nearly every top prop firm works this way.
Second, Seacrest operates under a legal entity, MyFunded Capital (HK) Ltd, registered in Hong Kong with registration number 76252354. So yes, it’s a real business.
Here’s what makes me trust them more than most:
- The rules are clear and trader-friendly – no sneaky traps or vague policies.
- The community is massive, engaged, and vocal – and if something were shady, traders would be shouting about it.
- They’ve paid out real money to thousands of traders. The 80% (and even 90%) splits are real, and people are getting paid – regularly.
That said, always remember: this is not an investment service.
You’re paying for the opportunity to prove you can trade responsibly with their simulated capital. If you can perform, you’ll earn – if not, you’ll need to try again.
Bottom line? As far as prop firms go, Seacrest checks the boxes. Legit, transparent, and built with traders in mind.
Seacrest Funded: Pros and Cons
Here’s a quick snapshot of where Seacrest shines – and where there’s still room to improve:
Pros
- No time limits – take as long as you need to pass the challenge.
- Flexible trading rules – trade news, hold over weekends, use multiple strategies.
- Choice of trading platforms – MT5, cTrader, Match-Trader, and DXTrade.
- Wide asset variety – over 175 instruments across forex, indices, crypto, and commodities.
- Fast payouts – every 14 days, with no minimum withdrawal amount.
- Active Discord – huge community for support, strategy, and accountability.
Cons
- No MetaTrader 4 (MT4) – if you’re still using MT4, you’ll need to adjust or switch.
- Not the cheapest fees – lower-tier accounts are affordable, but the $100K+ accounts can be pricier compared to some alternatives.
Frequently Asked Questions
How Fast Do I Get My First Payout After Funding?
You can request your first withdrawal 14 days after getting funded. After that, payouts continue on a bi-weekly cycle.
What Platforms Does Seacrest Funded Support?
They currently support MT5, cTrader, Match-Trader, and DXTrade.
Can I Trade During News Events or Hold Trades Over the Weekend?
Yes – both are allowed. That’s one of the best parts about Seacrest’s trading conditions.
Are the Challenge Fees Refundable?
Yes. Once you pass the challenge and hit your first payout, your initial fee is refunded.
Conclusion
After digging into the rules, taking a deep look at their pricing, and comparing them to the dozens of prop firms I’ve seen over the years, Seacrest Funded stands out.
They’ve found a balance between structure and flexibility that actually puts the trader first.
So if you’re on the hunt for a legit prop firm that lets you trade your way, I’d say Seacrest is absolutely worth a shot.
This review was built on real research, real comparisons, and no hype – and honestly, it’s one of the stronger players in the space right now.