MyFlashFunding
3.5

MyFlashFunding

MyFlashFunding is a newly established proprietary trading firm that commenced operations on August 2nd, 2023, founded by CEO Blake Carter. Situated in the United States at 401 Pine Street, Saint Louis, MO 63102, they aim to aid proficient traders in accessing adequate capital and refining their trading strategies for success in financial markets.

Who are MyFlashFunding?

MyFlashFunding, a recently established proprietary trading firm, has faced skepticism since its inception on April 27, 2023. Despite launching operations on August 2, 2023, it has encountered significant doubts about its legitimacy and competence in the trading sphere. The CEO, Blake Carter, has been subject to criticism regarding the firm’s strategies and transparency.

my flush funding reviewOperating out of its United States offices, MyFlashFunding offers funding programs, purportedly providing opportunities for global traders. However, doubts persist regarding the efficacy and fairness of its two distinctive evaluation challenges: the one-step and two-step programs. Traders considering collaboration with this firm have expressed concerns about the actual consolidation of trading accounts up to $400,000, with scalability claims up to $2,000,000.

Moreover, skepticism lingers regarding the platform’s integrity, particularly with the choice of trading via MetaTrader 4 or MetaTrader 5 and its affiliation with ThinkMarkets as the brokerage partner. Many in the trading community question the partnership’s transparency and the level of support and service provided.

Furthermore, doubts surround the accuracy and reliability of the firm’s registered office address, 401 Pine Street, Saint Louis, Mo 63102, raising suspicions about its physical presence and legitimacy.

Who is the CEO of MyFlashFunding?

In a critical perspective, the narrative surrounding Blake Carter’s journey into founding MyFlashFunding appears crafted to emphasize his success story and commitment to transparency. However, skepticism arises about the authenticity of these claims and the actual impact of his leadership on the firm’s operations.

The portrayal of Blake Carter’s initiation into the trading world after navigating his first funded account in 2020 seems intended to create a narrative of expertise and experience. Yet, doubts linger about the transparency of this narrative and whether it is overly embellished to elevate his image within the industry.

my flush funding reviewThe emphasis on Blake’s commitment to transparency and value delivery, steering away from superficial dialogues, raises questions about the actual implementation of these principles within the firm’s operations. Traders remain skeptical about whether the purported dedication to transparency genuinely reflects in the firm’s practices or if it is merely a marketing narrative.

The portrayal of robust feedback mechanisms, bi-weekly CEO calls, engaging guest speakers, and initiatives aimed at enhancing traders’ well-being under Blake’s guidance appears impressive. However, there are doubts about the actual impact and effectiveness of these initiatives in benefiting the traders associated with MyFlashFunding.

In summary, while the narrative paints a picture of a committed and experienced leader in Blake Carter, traders remain skeptical about the authenticity of the story, the practical benefits for traders, and the true impact of his leadership on the firm’s operations and traders’ experiences. There are persistent doubts about the alignment of the portrayed ethos with the actual practices within MyFlashFunding.

Funding Program Options

In a critical perspective, MyFlashFunding introduces two supposedly distinctive evaluation programs, the two-step evaluation and the one-step evaluation, aiming to provide traders with pathways to funded accounts. However, skepticism arises regarding the practicality and transparency of these programs and the firm’s adherence to its advertised rules.

The two-step evaluation process appears structured, requiring traders to meet a 6% profit target in both phases while abiding by stringent maximum daily and maximum loss limits. Completion of these phases supposedly grants access to a funded account, albeit without profit targets. Doubts linger about the clarity and actual implementation of these rules, especially concerning the scaling plan promising a 30% account increase for reaching a 12% profit target within three months. Traders remain uncertain about the feasibility of these targets and the firm’s commitment to transparent evaluation processes.

MyFlashFundingSimilarly, the one-step evaluation demands traders to achieve a 10% profit target, also accompanied by strict 4% maximum daily loss and 6% maximum trailing drawdown rules. Successful completion leads to a funded account without profit targets, coupled with a scaling plan promising a 30% account increase after reaching a 12% profit target every three months. Skepticism persists about the achievability of these targets and the firm’s transparency in assessing trader performance.

Though both evaluations claim to support trading across various markets, including forex pairs, commodities, indices, and cryptocurrencies, doubts arise about the firm’s stringent rules concerning third-party copy trading and EA usage. Traders question the firm’s motives behind these restrictions and their impact on traders’ capital allocation and freedom.

my flush funding reviewIn summary, while MyFlashFunding presents structured evaluation programs, traders remain skeptical about the feasibility of profit targets, the firm’s transparency in evaluation processes, and the impact of stringent rules on trading strategies and capital allocation. There are persistent doubts about the firm’s adherence to its advertised criteria and the actual support provided to traders aiming for funded accounts.

Evaluation Program

Account Size Price

Two-step Evaluation

$10,000 $97

Two-step Evaluation

$25,000

$187

Two-step Evaluation

$50,000

$297

Two-step Evaluation

$100,000

$497

Two-step Evaluation $200,000

$977

 

Two-step Evaluation Account Rules

Profit Target

Phase 1: 6%, Phase 2: 6%

Maximum Daily Loss

4%

Maximum Loss

8%

Third-party Copy Trading Risk

Adherence to Maximum Capital Allocation

Third-party EA Risk

Adherence to Maximum Capital Allocation

Scaling Plan

30% increase of original balance every 3 months after reaching a 12% profit target

 

One-step Evaluation Account

Account Size

Price

One-step Evaluation

$10,000

$97

One-step Evaluation

$25,000

$187

One-step Evaluation

$50,000

$297

One-step Evaluation

$100,000

$497

One-step Evaluation

$200,000

$1,007

 

One-step Evaluation Account Rules

Profit Target

10%

Maximum Daily Loss

4%

Maximum Trailing Drawdown

6%

Third-party Copy Trading Risk

Adherence to Maximum Capital Allocation

Third-party EA Risk

Adherence to Maximum Capital Allocation

Scaling Plan

30% increase of original balance every 3 months after reaching a 12% profit target

What makes MyFlashFunding different from other prop firms?

MyFlashFunding attempts to differentiate itself within the industry by promoting its two evaluation programs, the two-step and one-step evaluations, along with seemingly relaxed trading rules. However, doubts persist about the authenticity and practicality of the advantages they claim to offer.

While emphasizing their unique evaluation programs and relaxed trading regulations, skepticism arises regarding the actual implementation and fairness of these rules. Traders question whether the touted benefits, such as holding trades overnight and during weekends, participating in news trading, and the absence of lot size limitations or trading style constraints, are genuinely as lenient as portrayed.

MyFlashFundingThe firm’s presentation of the two-step and one-step evaluation programs as distinct advantages is met with suspicion about the actual differences and benefits these programs offer compared to those of other industry-leading prop firms. Traders remain skeptical about whether these evaluation structures truly provide more flexibility and whether the relaxed criteria for achieving funded accounts are genuinely feasible or if they come with undisclosed limitations or conditions that could impede traders’ success.

In essence, despite MyFlashFunding’s attempt to highlight its unique approach, doubts persist regarding the authenticity and practicality of the claimed advantages. Traders remain wary of potential discrepancies between the advertised benefits and the actual trading experience provided by the firm.

Which broker does MyFlashFunding use?

MyFlashFunding operates through ThinkMarkets, a prestigious multi-asset online brokerage headquartered in London and Melbourne. This brokerage facilitates convenient access to an extensive array of markets, offering access to acclaimed trading solutions such as MetaTrader 4, MetaTrader 5, and their proprietary ThinkTrader platform.

MyFlashFundingRegarding the available trading platforms, traders using MyFlashFunding have the opportunity to engage in trading activities through MetaTrader 4 and MetaTrader 5 via the services provided by ThinkMarkets.

Trading Instruments

MyFlashFunding provides leverages and commission structures for various trading instruments. Here’s an organized breakdown of the leverages and commission structure for different assets:

FOREX:
USDCHF GBPUSD EURUSD EURJPY USDCAD
AUDUSD EURGBP EURAUD EURCHF EURJPY
CADJPY GBPJPY AUDNZD AUDCAD AUDCHF
AUDJPY CHFJPY EURNZD EURCAD CADCHF
NZDJPY NZDUSD GBPAUD GBPCAD GBPNZD
NZDCAD NZDCHF EURHUF EURCZK EURDKK
ERUHKD EURNOK EURPLN EURSEK EURTRY
EURZAR GBPDKK GBPNOK GBPSEK NOKSEK
USDCNH USDCZK USDDKK USDHKD USDHUF
USDILS USDMXN USDNOK USDPLN USDRUB
USDSEK USDSGD CADSGD USDTRY USDZAR
EURSGD

 

Commodities

XAUUSD

XAGUSD

XPTUSD

COPPER

NGAS

UKOil

USOil

 

Indices

US30

SPX500

DAX

UK100

ESP35

JPY225

FRA40

EUSTX50

NAS100

 

Cryptocurrencies

BTCUSD

XRPUSD

DASHUSD

EOSUSD

ETHUSD

IOTAUSD

LTCUSD

NEOUSD

OMGUSD

XMRUSD

BCHUSD

BNBUSD

BATUSD

ETCUSD

TRXUSD

XLMUSD

ZECUSD

DOGEUSD

SHBUSD1000

ADAUSD

SOLUSD

DOTUSD

AVAUSD

Trading Fees

Trading Commission:

  • FOREX: 7 USD / LOT
  • COMMODITIES: 7 USD / LOT
  • INDICES: 7 USD / LOT
  • CRYPTO: 7 USD / LOT

Trader’s Comments about MyFlashFunding

Despite positive claims, skepticism surrounds MyFlashFunding’s allegedly favorable feedback from reviews. The firm’s Trustpilot profile, boasting a seemingly impressive score of 4.7/5 from 123 reviews, is met with doubt regarding the authenticity and credibility of these reviews. Many question the legitimacy of the community feedback, suspecting potential manipulation or biased contributions.

While they tout a supportive team ready to assist with queries about their proprietary trading services, doubts persist about the transparency and accuracy of the information provided. Traders remain skeptical about the firm’s actual performance and whether the support team genuinely addresses concerns or merely offers surface-level information.

MyFlashFundingThough their evaluation accounts are purportedly attractive, doubts linger regarding the firm’s actual ability to deliver on these promises. The community’s praise of these objectives is met with suspicion, with concerns raised about the actual feasibility and success rate of achieving these goals.

Moreover, the social media presence boasted by MyFlashFunding—603 followers on Instagram, 5,118 on Twitter, over 37 members on Telegram, and over 4,500 on Discord—is questioned for its authenticity. Many in the trading community doubt the credibility of these follower numbers, suspecting potential artificial inflation or the involvement of paid followers to create a facade of popularity.

MyFlashFundingIn essence, despite the outwardly positive façade created by MyFlashFunding’s online presence, skepticism persists about the authenticity and reliability of the reviews, the credibility of their trading objectives, and the legitimacy of their social media following.

Conclusion

In a critical light, while MyFlashFunding presents itself as a reputable proprietary trading firm offering two funding programs—the one-step and two-step evaluation accounts—there are doubts regarding the actual feasibility and fairness of their advertised trading rules and evaluation challenges.

The firm promotes straightforward and relaxed trading regulations with no apparent restrictions, allowing for overnight and weekend trades, news trading, and no limitations on lot sizes or trading styles. However, skepticism arises about the practicality and enforcement of these rules, as well as the potential for undisclosed limitations or hidden conditions that may hinder traders’ experiences.

The two-step evaluation challenge, purportedly an industry-standard process, necessitates completing two phases to become funded and earn profit splits. MyFlashFunding outlines profit targets of 6% in both phases, supposedly realistic objectives. Yet, doubts linger regarding the attainability of these targets, given the strict 4% maximum daily and 8% maximum loss rules. The unlimited trading period with no minimum trading day requirements raises concerns about the potential for drawn-out evaluation periods and the firm’s commitment to timely evaluations. Though the promised profit splits are enticing at 80%, questions arise about the actual scalability and practicality for traders.

Similarly, the one-step evaluation challenge mandates reaching a 10% profit target in a single phase for funding eligibility, alongside stringent 4% maximum daily drawdown and 6% maximum trailing drawdown rules. Despite highlighting an unlimited trading period and no minimum trading day requirements, doubts persist about the achievable nature of these targets and the firm’s commitment to fair evaluation processes. Again, the promised 80% profit splits and scaling opportunities raise suspicions about the practicality and transparency of the program.

Overall, while MyFlashFunding presents enticing opportunities, doubts persist about the attainability of profit targets, the fairness of evaluation processes, and the true extent of trading freedom offered to participants. Traders remain skeptical about the actual realization of the firm’s promises and the potential undisclosed limitations that may affect their trading experiences.

My Flash Funding

Account size up to: $200K

4.0
Trading Platform Experience
3.0
Deposit & Withdrawal
3.0
Website, Backend Technology
4.0
Customer Support
3.5 Overall Rating

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