MyFundedFX Challenge Rules: Complete Guide for 2026

MyFundedFX has become one of the most popular prop firms for forex and crypto traders, offering a straightforward two-phase evaluation with competitive pricing. But passing the challenge requires more than good entries — it demands strict rule compliance. This guide breaks down every rule you need to know and how to stay on the right side of them.

MyFundedFX Overview

MyFundedFX is a proprietary trading firm that offers funded accounts to traders who can demonstrate consistent profitability while managing risk. The firm supports forex, indices, commodities, and cryptocurrencies through MetaTrader 4 and MetaTrader 5 platforms. They use a two-phase evaluation model: pass both phases and you receive a funded account with profit splits starting at 80%.

What sets MyFundedFX apart is its relatively low pricing compared to competitors, no minimum trading day requirements on certain account types, and a scaling plan that increases your account size as you prove consistency.

MyFundedFX Rules at a Glance

• Daily Drawdown: 5% of starting daily balance — breaching this on any single day results in immediate disqualification
• Maximum Overall Loss: 10% of initial account balance — your equity can never drop below this threshold at any point
• Phase 1 Profit Target: 8% — you must grow the account by 8% to pass phase one
• Phase 2 Profit Target: 5% — a lower target designed to test consistency over raw performance
• Minimum Trading Days: 5 calendar days for each phase (on standard evaluation accounts)
• Leverage: Up to 1:100 on forex pairs, lower on indices and crypto
• News Trading: Allowed during the evaluation phase, but restrictions may apply on funded accounts
• Weekend Holding: Permitted on most account types — check your specific plan

Account Sizes & Pricing

MyFundedFX offers multiple account sizes. Pricing is subject to change, so always verify on the official MyFundedFX website for current rates.

Account Size	Approximate Fee	Phase 1 Target	Phase 2 Target	Profit Split
$5,000	$49	8%	5%	80%
$10,000	$89	8%	5%	80%
$25,000	$179	8%	5%	80%
$50,000	$289	8%	5%	80%
$100,000	$449	8%	5%	80%
$200,000	$849	8%	5%	80%

Pricing shown is approximate. Check the MyFundedFX website for current fees and any promotional discounts.

How to Pass MyFundedFX

Passing any prop firm challenge is about risk management first, profit second. Here are actionable tips specific to MyFundedFX:

1. Risk no more than 1-2% per trade. With a 5% daily drawdown limit, three bad trades at 2% each puts you dangerously close to the line. Keep individual trade risk low so that a losing streak does not end your challenge.
2. Front-load your effort in Phase 1. The 8% target is the harder phase. Trade your highest-conviction setups and focus on building a buffer early. Once you have 4-5% profit, you can afford to be more selective.
3. Treat Phase 2 as a consistency test. The 5% target is intentionally lower. The firm wants to see you can be profitable without taking excessive risk. Reduce position sizing slightly and focus on clean, plan-based trades.
4. Track your daily drawdown in real time. The most common way to fail is not a single bad trade — it is a bad day where you keep trading after losses. Use TradeLens to monitor your intraday P&L and set alerts before you approach the 5% daily limit.
5. Avoid trading the first 5 minutes of a session. Spread-related slippage during session opens can create unnecessary losses that eat into your drawdown buffer.

Common Failures

After analyzing hundreds of MyFundedFX challenge attempts tracked through TradeLens, these are the most frequent reasons traders fail:

• Hitting the daily drawdown on a revenge trading day. A trader loses 2% in the morning, then takes 4 more trades trying to recover, and ends the day down 5.1%. Challenge over.
• Miscalculating lot sizes. With leverage up to 1:100, a small miscalculation in position sizing can result in a 3-4% loss on a single trade. Always double-check your lot size before entering.
• Trading too many pairs at once. Spreading across 8-10 currency pairs creates correlated risk. If USD strengthens, all your long EUR/USD, GBP/USD, and AUD/USD positions lose simultaneously.
• Ignoring the overall drawdown during Phase 2. Many traders focus only on daily drawdown. But if Phase 1 left you with a 7% buffer and you start Phase 2 losing, you can hit the 10% max loss before you realize it.

Track Your Challenge with TradeLens

TradeLens is built for traders in prop firm challenges. Import your trades via MT4/MT5 EA Bridge or CSV, and the platform automatically tracks your drawdown, daily P&L, and rule compliance in real time. The Discipline Score gives you a 0-100 rating that directly correlates with challenge pass rates — traders scoring above 70 pass at nearly 3x the rate of those below 40.

Your next step: Get your free Discipline Score and see exactly where your trading discipline stands before risking your challenge fee.

Can I use Expert Advisors (EAs) on MyFundedFX?

MyFundedFX generally allows the use of EAs during the evaluation phases. However, certain strategies like high-frequency trading (HFT), latency arbitrage, or copy trading from other funded accounts may be prohibited. Always review the latest terms of service on the MyFundedFX website before running an EA.

What happens if I fail one phase of the MyFundedFX challenge?

If you fail either phase, you will need to purchase a new challenge. MyFundedFX occasionally offers discounted retry fees or reset options. Some promotional periods include free retries if you meet certain conditions, such as not breaching the daily drawdown limit.

How long do I have to complete the MyFundedFX evaluation?

Standard evaluation accounts have no time limit for either phase. You can take as long as you need, as long as you meet the minimum trading day requirement and do not breach drawdown rules. This is a significant advantage compared to firms that impose 30 or 60-day deadlines.