My Funded Capital review
Trading Platforms
DXTrade
Match-Trader
Deposit Methods
Credit / Debit Card
Withdrawal Methods
Bank Transfer
Crypto
Forex Commission
-
CEO
-
Weekend Holding
Yes
Copy Tading
-
Payout time
5 days
Country
United Arab Emirates
News Trading
Yes
Refund Fee
Yes
Trustpilot
4.4
Expert Advisors
Yes
Max Allocation
$ 400,000
Instruments
Forex, Gold, Indices, Stocks and Crypto
👨💼 No CEO
In the prop pirm industry, unknown companies usually don’t mention their CEO. You might ask, why does it matter if the CEO is not mentioned? Well, you don’t know who you are dealing with. Well-known prop firms like FTMO and The5ers share the names of their CEO and founder to build trust and transparency. Sadly, the prop firm industry has many scams and isn’t regulated, so serious firms try to be open to show they have good intentions and offer real services for dedicated traders.
My Funded Capital has chosen not to reveal their CEO. This means that if this prop firm shuts down like others, their clients won’t know who to blame for their lost money. This is a big reason why I don’t trust this service. The creators of this firm surely know that revealing the CEO’s name is essential for trust, like other reputable prop firms do, but they are afraid to show their face because they might be hiding something 😢.
🕵 No "About Us" page
So, you’re telling me that My Funded Capital charges between $69 and $2,199 for their services, but they can’t even create a simple “About Us” page to tell us who is behind these services. This isn’t cheap, so let’s be serious. The CEO isn’t public for some reason, but couldn’t they at least write a few words about the company? Was it really that hard? If they didn’t want to show the real team, they could have used AI to create some fake employee pictures. The lack of an “About Us” page is another big reason why I don’t trust this service.
📰 Mentioned for no reason on Yahoo Finance
For those who believe that Yahoo Finance wrote about My Funded Capital because it’s a good service, I have some bad news. This is a paid article talking about how My Funded Capital offers traders significant capital, advanced tools, and comprehensive support to improve their success in the financial markets. If you want to publish an article on Yahoo Finance, it costs between $650 and $1200 on Upwork.com, so yes, most likely it’s a paid article designed to boost the company’s credibility and domain ranking.
Oh, I almost forgot to mention the funniest part about this article. IT’S WRITTEN WITH ARTIFICIAL INTELLIGENCE. This is a tactic that other no-name prop firms have also used. Let’s not forget that something is written about them in USinsider, but guess what? I discovered that this article is also written with artificial intelligence. The founders of My Funded Capital, who paid to promote their business, didn’t bother to write the article themselves, but relied on ChatGPT to describe their service better than they could. The world we live in is both sad and amusing 🤡🎪.
Also, there’s an icon of Forbes next to Yahoo Finance and USinsider, and when you click on it, guess what? It takes you to the homepage of My Funded Capital, where the Forbes icon is. So you end up where you started, ba dum tss 🥁😂.
With those two articles written with ChatGPT, this prop firm has demonstrated the marketing competencies of its founders/employees or whatever they are.
😈 The Devil's Advocate
Even though I’ve criticized this service venomously in over 500 words so far, I feel the need to defend My Funded Capital a bit. From my point of view, My Funded Capital provides a pretty good support center. You might wonder what I mean. Well, many prop firms don’t offer as many ways to contact them as My Funded Capital does. With this prop firm, you can talk in a live chat section with agents who are active and respond immediately to issues. You can contact the support team via email (support@myfundedcapital.com). They have a contact section on their website, and the company’s address is public, including its exact location on the map. Lastly, you have a phone number to call if you encounter difficulties. Honestly, the fact that you can contact this team through so many methods makes me not completely lose my trust in this service.
🏁 Conclusion of the My Funded Capital review
After reading ChatGPT’s articles, the fact that there is no “About Us” page and the CEO is not mentioned anywhere, I believe we can come to the conclusion that this service is not completely trustworthy. The only reason it might be worth a try is that the My Funded Capital team is very open to being contacted if customers encounter difficulties. Personally, I wouldn’t try this service and would prefer a more well-known prop firm in the industry. But if you really want to give it a try, I recommend starting with the cheapest challenge, which involves a $5K account (valued in 2 steps) and costs $69. This way, you can experience the service with little money, and if it’s really trustworthy, you can opt for a challenge with a more expensive account.
Until next time, goodbye traders!
PRICING & ACCOUNT SIZES
$5,000
2 Steps
$
69
-
2 Steps
-
Profit Split: 90%
-
Profit Target: 1: 10%; 2: 5%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 10%
-
Trading Leverage: 1:30
2 Steps
$15,000
2 Steps
$
89
-
2 Steps
-
Profit Split: 90%
-
Profit Target: 1: 10%; 2: 5%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 10%
-
Trading Leverage: 1:30
2 Steps
$25,000
2 Steps
$
239
-
2 Steps
-
Profit Split: 90%
-
Profit Target: 1: 10%; 2: 5%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 10%
-
Trading Leverage: 1:30
2 Steps
$50,000
2 Steps
$
329
-
2 Steps
-
Profit Split: 90%
-
Profit Target: 1: 10%; 2: 5%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 10%
-
Trading Leverage: 1:30
2 Steps
$100,000
2 Steps
$
499
-
2 Steps
-
Profit Split: 90%
-
Profit Target: 1: 10%; 2: 5%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 10%
-
Trading Leverage: 1:30
2 Steps
$200,000
2 Steps
$
999
-
2 Steps
-
Profit Split: 90%
-
Profit Target: 1: 10%; 2: 5%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 10%
-
Trading Leverage: 1:30
2 Steps
$300,000
2 Steps
$
1,599
-
2 Steps
-
Profit Split: 90%
-
Profit Target: 1: 10%; 2: 5%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 10%
-
Trading Leverage: 1:30
2 Steps
$400,000
2 Steps
$
1,999
-
2 Steps
-
Profit Split: 90%
-
Profit Target: 1: 10%; 2: 5%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 10%
-
Trading Leverage: 1:30
2 Steps
$5,000
1 Step
$
79
-
1 Step
-
Profit Split: 90%
-
Profit Target: 1: 10%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 6%
-
Trading Leverage: 1:30
1 Step
$15,000
1 Step
$
99
-
1 Step
-
Profit Split: 90%
-
Profit Target: 1: 10%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 6%
-
Trading Leverage: 1:30
1 Step
$25,000
1 Step
$
249
-
1 Step
-
Profit Split: 90%
-
Profit Target: 1: 10%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 6%
-
Trading Leverage: 1:30
1 Step
$50,000
1 Step
$
359
-
1 Step
-
Profit Split: 90%
-
Profit Target: 1: 10%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 6%
-
Trading Leverage: 1:30
1 Step
$100,000
1 Step
$
529
-
1 Step
-
Profit Split: 90%
-
Profit Target: 1: 10%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 6%
-
Trading Leverage: 1:30
1 Step
$200,000
1 Step
$
1,199
-
1 Step
-
Profit Split: 90%
-
Profit Target: 1: 10%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 6%
-
Trading Leverage: 1:30
1 Step
$300,000
1 Step
$
1,699
-
1 Step
-
Profit Split: 90%
-
Profit Target: 1: 10%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 6%
-
Trading Leverage: 1:30
1 Step
$400,000
1 Step
$
2,199
-
1 Step
-
Profit Split: 90%
-
Profit Target: 1: 10%
-
Max. Daily Loss: 5%
-
Max. Total Drawdown: 6%
-
Trading Leverage: 1:30
1 Step
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