Hello there, and welcome to My Flash Funding Review.
Are you either an experienced forex trader or someone aspiring to enter the forex market by collaborating with a proprietary trading firm?
If this describes you, then this comprehensive review is tailored to provide an in-depth understanding of this prop firm.
Much like other prop firms available online, this one offers a program that asserts it can supply you with the necessary capital for forex trading.
They present you with a funding program that allows you to select your preferred trading account size, enabling you to explore your online trading potential while potentially generating a passive income with their support.
However, it’s important to exercise caution and not entirely rely on their claims when considering whether to invest your time and resources in this opportunity.
In this review, I’ll delve deep into the inner workings of this prop firm, focusing on whether it has the potential to help you create a passive income or if it might be a scam, you should steer clear of.
Additionally, I will guide you through various aspects of the program, including its underlying principles, operational mechanisms, and the associated costs for joining the platform.
With this in mind, let’s commence our exploration…
My Flash Funding Review Summary
Name: My Flash Funding
Product Type: Proprietary Firm
Evaluation Fee: Starting from $97 depending on your account size.
Official Site: myflashfunding.com
Founder/CEO: Blake Carter
Overall Rating: 7/10
My Recommendation: Yes, but not for everyone; kindly read and learn more from the review
My Flash Funding Review – Overview
Here is a detailed review of My Flash Funding prop firm that everyone deserves to read and understand before anything.
Just like any other trader, joining a prop firm new to you with a unique trading environment and rules may not be that easy.
It requires great courage as you must be able to take the risk of your investment and time for you to join the platform.
For instance, some programs end up scamming their traders after making it to the funded account.
Due to increased scamming, it is always important to first do extensive research on a prop firm before joining it.
This will help you learn how to manage risk in the platform and maximize your trade to achieve your trading goals.
For instance, by reading this review, you’ll come to know the profit share offered on the platform and the other trading rules available.
In addition, you’ll learn how to manage all these trading rules in the platform and observe them effectively to succeed in your trade.
Before I move further, let me first take you through an overview of the pros and cons of the prop firm.
Pros Of My Flash Funding
- Unlimited time.
- No trading restriction.
- Offer a relatively best scaling plan in the market.
- Has a relatively fast payout that only takes seven days.
- Relatively fast funding.
- Good trust pilot ratings.
- It is easy to get started on their trading platform.
- Charges relatively low-profit target.
- No minimum trading days
Cons Of My Flash Funding
- Does not offer any retry
- The cost is fairly expensive
- Poor support mechanism
Who Should Join My Flash Funding?
My Flash Funding targets to partner with highly experienced traders with great trading skills and behavior.
According to the prop firm, having excellent trading skills and behavior will help you trade in their unique trading environment without experiencing challenges.
This will help you build a passive income out of your trade in the forex market and achieve financial freedom.
For this reason, only skilled traders with extensive trading experience should give My Flash Funding a chance.
If you’re not an experienced trader with the required skills, you may get challenges passing the evaluation stage.
Related Review: SuperFunded
This may deny you the opportunity to become a Flash Trader and start earning from your trade.
In addition, poor trading experience may make it difficult to maintain high profitability and consistency in the market.
As a result, you may get it easy, maintain the weekly payout system, or qualify for their scaling plan.
What Is My Flash Funding?
My Flash Funding is a prop firm that offers traders an opportunity to use their demo accounts to trade in their evaluation program.
It allows traders to do so at a lower registration fee to allow them to explore their trading potential online.
In their evaluation, traders get the opportunity to improve their trading skills and learn how to trade in a risk-free environment.
If you pass the evaluation program, you’ll qualify to start trading with a live-funded program and earn a profit share.
The program claims to help traders with good trading experience and skills improve their trading talents to succeed in their trading journey.
The prop firm aids in making all their traders profit earners to help them build a passive income online.
To express their passion for traders, the company is available on other social media platforms.
These include on YouTube and Instagram where their followers interact with them to learn more about their funding program.
What Are The Steps Of Joining My Flash Funding?
Joining My Flash Funding program is made easy when you follow the steps below:
Step One: Go To the Evaluation Section
In your first step, you’ll have to open the prop firm’s official website and move to the evaluation section.
From there you’ll have to sign up for the program to join their membership community.
Step Two: Choose Your Account Size
From there, you must choose your preferred account size in the platform.
There are up to five account sizes available in the program which include the following:
- $10,000 account size.
- $25,000 account size.
- $50,000 account size.
- $100,000 account size.
- $200,000 account size.
Step Three: Review The Trading Rules
After choosing your account size, you’ll need to review and learn the trading rules used in the program (this is always an important part of avoiding rule breaching).
Step Four: Make Your Payment
Next, you’ll have to make your payment.
Step Five: Get Started
After your payment is confirmed, you’ll get your account credentials that allow you to log into your trading account.
This allows you to get started with your trading journey in the evaluation program and start earning your profit share.
How Does My Flash Funding Work?
My Flash Funding works by providing you with the opportunity to trade in the forex market through its funding program.
To start trading with their funded account, you’ll have to move through the following stages in the platform:
Step One: Evaluation
The first stage of your trading begins with evaluation where you must showcase your trading skills and experience in the platform.
Two stage evaluations require you to be more profitable and consistent in your trading to pass the stage.
In the first stage, you must maintain high trading discipline by respecting all the trading rules set in the platform.
Additionally, you must increase your profitability to enable you to pass and move to the next stage.
In the second stage of the evaluation stage, the program allows you to verify your skills in the first stage.
When you pass the second stage of your evaluation program, you’ll get the opportunity to start trading on the platform.
However, when you choose to trade with the one-phase evaluation, you’ll only have to pass a single stage.
This makes it easier to pass your evaluation and start trading with the funded account in the program.
Step Two: Flash Trader
When you pass the evaluation stage, you’ll get the opportunity to start trading in the live-funded account.
This enables you to become a funded trader in the platform where you must trade responsibility.
This means that you must increase your consistency in your trading and increase your profitability in the program.
The program allows you to earn a profit share of up to 80% of the total profits you make from your trading in the forex market.
If you maintain high profitability, the prop firm helps you increase your account balance according to its scaling plan.
My Flash Funding Trading Rules
These are the trading rules that apply to this prop firm:
If you choose the two-step evaluation program, you’ll have to reach a profit target of 6% in phase one and 6% in phase two.
However, if you choose a one-step evaluation that only has one phase, you must reach a profit target of 10%.
There is no profit target set in the funded account.
Minimum Trading Days
There are no minimum trading days set in the platform for both one-step and two-step evaluation programs.
Maximum Trading Days
There is no maximum number of trading days set in the program allowing you to trade at your own set number of days.
Maximum Daily Loss
The prop firm sets a maximum daily loss at 4% which you must respect to continue trading in the platform.
For instance, if you are trading on a $10,000 account size, you must not lose more than 400 dollars in a single day.
Maximum Total Loss
The maximum overall loss in the program is set at 8% for all the stages of trade in the platform.
For instance, if you are trading in a $10,000 account size, you must not lose more than $800 in your overall loss.
This may make you risk losing your trading account on the platform.
The prop firm has a profit share of up to 80% of the total profits you make from your trading process.
This prop firm allows traders to trade with a maximum leverage of up to 1:100.
What Are My Flash Funding Trading Instruments?
The prop firm allows you to trade a variety of instruments that include the following:
- Forex pairs
Who Is My Flash Funding Trusted Broker?
The prop firm uses ThinkMarkets as their trusted broker in the platform.
Think Markets is one of the best brokers in the forex market with a great reputation online.
How Does My Flash Funding Prop Firm Scaling Plan Work?
In this prop firm scaling plan, everything is made easy, ready, and possible for you to manage.
You are only required to maintain an average profit target of 4% in your live-funded account for at least three months.
After meeting this, you’ll automatically qualify for the scaling plan which will increase your trading account balance by 30%.
The process will continue as you maintain high profitability until you reach a maximum trading account balance of $2,000,000.
Also Read: Crypto Fund Trader Review
Who Is The Owner Of My Flash Funding?
The prop firm was created by Blake Carter back in 2020 to provide traders with capital to trade in the forex market.
Blake is still the CEO of the company and encourages traders to use their funding program to trade in the forex market.
He is an experienced trader who is passionate about helping many other traders explore their trading potential online.
According to Blake, your low financial background should not make you lose your trading career on the market.
You simply need to join the program, showcase your trading skills, and qualify for their funded account to start earning online.
He makes the prop firm trading rules very simple and easy to follow by everyone on the platform to help you succeed in your trading.
What Are The Benefits Of Joining My Flash Funding?
Here are the benefits of joining this program:
- The lowest profit target in the market.
The prop firm has the lowest profit targets in their evaluation stage than most of the prop firms in the forex industry.
For instance, the prop firm only sets a profit target of 6% which is much less than the 8-10% targets set by other prop firms in the market.
- No trading restrictions are set in the program.
The prop firm does not set any restrictions to traders on the platform allowing you to trade with more freedom.
- Unlimited trading time
The program doesn’t set any maximum time limit for traders.
This means that there will be no more rushing to finish your trading to respect time limits.
- Fastest Funding
The prop firm allows you to finish your evaluation within the shortest time possible.
This may take even 24 hours or less and move to a funded account.
- Fastest payout in the market.
After receiving your first payout which takes about thirty days, your second and subsequent payout will only take seven days.
- Best scaling plan
My Flash Funding prop firm has the best scaling plan that helps you increase your account balance to your desired amount.
The prop firm provides you with an account increment of up to $2,000,000 if you qualify for their scaling plan.
The scaling plan increases your account balance by 30% if your account is in the scaling process.
What Is The Cost Of Joining My Flash Funding?
The cost of joining this prop firm program depends on the type of evaluation program and the account size you choose.
Here are the prices of each trading account size in the platform for every evaluation program:
Two-Phase Evaluation Program
- $10,000 account size costs $97.
- $25,000 account size costs 187.
- $50,000 account size costs 297.
- $100,000 account size costs $497.
- $200,000 account size costs $977.
Single Phase Evaluation Program
- $10,000 account size costs $107.
- $25,000 account size costs 207.
- $50,000 account size costs 307.
- $10,0000 account size costs $507.
- $200,000 account size costs $1,007.
How Does The Payout System Work on My Flash Funding?
The prop firm allows you to make your first payout of the profit targets you make from the market in thirty days.
After making your first payout, the prop firm allows you to request the subsequent payment after every seven days.
You’ll only have to be profitable for you to qualify for your payment if the time limit required is reached.
In addition, the prop firm allows you to receive up to 80% of the total profits you make from your trading.
When making your withdrawals, the prop firm also takes their corresponding 20% of the profit share.
Which Payment Methods Are Available On My Flash Funding?
The prop firm accepts several payment methods including cryptocurrencies, credit cards, bank transfers, and much more.
This allows you to choose your preferred method of payment in the platform that works best for you.
Does My Flash Funding Offer A Refund Policy?
Once you become a Flash trader, you’ll be eligible for a refund of your registration fee on the platform.
The registration fee to be refunded will be made available to you in your first payout on the platform.
For this reason, you’ll no longer worry about losing your money if you are trading on the platform.
Provided you are an experienced trader, you’ll get the opportunity to reclaim your registration fee.
Is My Flash Funding A Scam?
In my opinion, My Flash Funding prop firm is NOT A SCAM.
The prop firm has two evaluation programs that aim at making you nurture your trading potential online to earn a living.
The prop firm sets its vision on making all its traders achieve their trading goals in their reading on the platform.
To enable them to ensure more traders succeed in the platform, the program sets the lowest profit targets in the market.
The company knows that beginning to trade in a new platform with a unique trading environment may not be quite easy.
For this reason, the prop firm makes trading their platform as easy as possible with no trading restrictions.
In addition, the prop firm allows you to trade with more freedom, and no time limits are set for you on the platform.
This means that you get the opportunity to utilize the shortest time possible to complete the evaluation and become a funded trader.
The prop firm also allows you to trade as long as you respect the other trading rules in their unlimited trading time.
However, the prop firm only requires skillful and experienced traders who can maintain consistency and profitability in trade.
If you aren’t profitable within their trading environment, you’ll not likely benefit from joining the platform.
My Assessment Of My Flash Funding
I categorized my assessment of this prop firm into the following areas:
Profit Splits: 8/10
The prop firm offers one of the best profit shares of up to 80% of the total profits you make from the platform.
This allows you to earn more from your trades to build a passive income and achieve your financial freedom.
In addition, it motivates more traders to join the platform to explore their trading potential.
Scaling Opportunities: 8/10
My Flash Funding prop firm has an excellent scaling plan that allows you to grow your trading account to your preferred balance.
In their scaling plan, you will have your account balance increased by 30% until you reach a maximum balance of $2,000,000.
This rapidly grows your trading account balance to help you maximize your earnings from the platform.
Profit Targets: 9/10
The prop firm has the lowest profit target in the forex market which is only 6% in all the stages of evaluation.
This makes its evaluation program easy to pass and succeed to the funded account in the program.
The program is fairly affordable with its lowest account size going for $97.
There are cheaper prop firms with lower account sizes priced less than $97 in the forex market.
However, such account sizes do have an account size with lower balances of $5,000.
Trader Supports: 5/10
The prop firm does not have a good customer support mechanism as compared to some firms in the forex market.
For instance, the poor firm does not disclose more about its crew and the executive members on the website.
You will have to search for the owners more tirelessly to get help from them on the platform.
Tradable Assets: 8/10
The prop firm allows you to trade a variety of assets in the platform including forex pairs, cryptocurrencies, and much more.
This allows you to trade your favorite assets and earn the best share in the forex market.
The program’s review section has confirmed payment proofs in its platform with numerous testimonies online.
This makes it a more trusted prop firm that aims at making more traders succeed in their trading journey.
It also has a well-set trading mechanism with a repetitive broker that ensures all the funds are safe when trading in the forex market.
My Overall Rating
In my opinion, I would rate this program as a 7/10, making it one of the top emerging proprietary firms in the forex industry.
The prop firm has lower targets, excellent profit share, and unlimited trading time that attract more traders into joining their funding program.
In addition, the prop firm offers a refund of the registration fee with a weekly payout system that gives traders access to their funds frequently.
What Are People Saying
Here is what different people say about the My Flash Funding program online.
The prop firm has an excellent rating on Trustpilot from a sample of 163 reviews (October 26, 2023).
The prop firm has up to 4.8/5 stars which makes it fall among the top-rated prop firms online.
From the reviews, up to 91% awarded the prop firm a five-star rating as shown below:
Joseph Ekanem comments on the prop firm as the top best prop firm in the forex market with the best profit target.
Sunny, another reviewer gives the prop firm a five-star rating as a reinstated account online with the best evaluation accounts.
On the other hand, Rashid Shirwari, another reviewer sees prop firm as a scam that doesn’t deserve your money.
FAQs About My Flash Funding
For How Long Must I Wait To Pass My Evaluation In My Flash Funding?
The prop firm doesn’t set any minimum trading days in any stage of trading on the platform.
For this reason, the total time you’ll take to pass a single stage of your trade will depend on your speed of trade and profitability.
Sometimes, it may take you less than 24 hours on the platform, especially if you want to get to a funded account as soon as possible.
Is There Any Age Requirement In Getting Funded With My Flash Funding?
For you to get funded with this prop firm, you must be at least 18+ in addition to knowing how to trade.
What Happens If I Violate The Trading Rules Set In My Flash Funding?
The prop firm requires you to effectively observe the trading rules set in the platform.
Violating any trading rule in the platform may automatically lead to the termination of your demo account.
This will deny you the opportunity to succeed in your trading journey on the platform.
Can I Earn Profits During The Evaluation Period Of My Flash Funding?
The evaluation stage of the prop firm uses a demo account with virtual money which you cannot withdraw as profits.
For these reasons, trading on the demo accounts can only help you learn how to trade and earn virtual profits from your trade.
For you to start earning real profits, you must reach the funded account and trade with the real capital from the company.
After Making Payment, For How Long Do I Have To Wait To Get Started With My Trade On My Flash Funding?
When you make a payment of your account size on the platform, you’ll only have to wait for the payment to be processed.
This takes a few minutes after which your payment will get confirmed for your login credentials to be generated.
The prop firm then sends you your login details in less than 24 hours to enable you to log in to your account and start trading.
Thank you for reading My Flash Funding Review.
Feel free to let me know what you think about this review by leaving a comment in the below section.