Explanation of what a prop firm or demo trading evaluation firm is.

A prop firm is a company that provides traders with simulated capital in order for the trader to employ their own market strategies and receive a remuneration based on a portion of any virtual profits made using that simulated capital.‍Historically, prop firms were physical locations where traders would come to work. They would either hire experienced traders or train less experienced traders who had put up a large sum of their own money for training. These traditional prop firms were not very inclusive, and the high barriers to entry made them inaccessible to most retail traders.‍In recent years, there has been a growing trend of online prop firms. These firms provide traders with the same opportunity to trade with simulated capital as traditional prop firms, but they do so remotely. This makes them more accessible to traders from all over the world, regardless of their experience or financial resources.‍MyFlashFunding is different from other prop firms in several waysFirst, we allow traders from all over the world to sign up and participate in our evaluation program remotely. This is a significant departure from traditional prop firms, which typically require traders to come to a physical location for training. Our lower barrier to entry makes it possible for more traders to have the opportunity to prove their skills.‍Second, we charge a much lower sign-up fee than traditional prop firms. This is because we believe that the most important factor in determining whether a trader is successful is their trading strategy, not their financial resources. By lowering the barrier to entry, we can focus on finding the best traders, regardless of their financial background.‍Third, we allocate all traders with simulated balances on demo accounts. This allows us to collect a wider range of trading data, which helps us to improve our risk management and trading algorithms. It also allows us to provide a more realistic trading experience for our traders.In summary, MyFlashFunding is a prop firm that is committed to providing the best possible opportunity for traders to succeed. We offer a low barrier to entry, a low sign-up fee, and simulated balances on demo accounts. This allows us to focus on the most important factor in determining a trader's success: their trading strategy.

What is a Prop Firm?

Explanation of what MyFlashFunding is and how it could benefit you.

MyFlashFunding is an online prop firm that offers a demo trading evaluation program. Traders can participate in the program for a low upfront fee and have the opportunity to prove their trading skills in a risk-free environment. If they pass the evaluation, they are eligible to receive a simulated profit split on the simulated profits generated in their Simulated Funded Account. At MyFlashFunding, we strive to aid skillful and experienced traders to maximize their talent to their full potential and secure a virtual funded account with us. We came to understand that an edge in the financial market requires both sufficient virtual capital and a well-developed strategy.​Therefore, our goal became clear as we sought to find and accredit smart traders giving them the potential to make real profit with demo funds. Aiding them with a helping hand, a hand which may set them one step closer to financial freedom. You can find us on YouTube and Instagram, exemplifying our passion for this industry. Please join our community on Discord to stay updated with the latest improvements and to help us celebrate the community we have built together. Note: A profit split means you are paid based on data measured by simulated profit.

What is MyFlashFunding?

The difference between a broker and a demo trading company.

MyFlashFunding is a demo trading evaluation firm, not a broker. It provides traders with simulated funded demo accounts after they pass a 1-step or 2-step evaluation process.

Is MyFlashFunding a Broker?

MyFlashFunding highlights

Lowest Virtual Profit TargetOur model has the lowest phase 1 virtual profit target in the industry. A virtual profit target of 6% in phase 1 is much more achievable than 8-10% required by other proprietary firms. No RestrictionsWhen we say no restrictions, we mean it! We allow the use of EAs, trade copiers, trade upon news releases, and holding trades over the weekend. We have no lot size limits or restrictions on martingale/hedging. Unlimited TimeNo more rushing to finish your simulated evaluation. With MyFlashFunding, you have unlimited days to pass the simulated trading objectives and become a Virtual Flash Trader! Scaling PlanSimply average 4% virtual profit a month over 3 months and your virtual account will be scaled all the way up to $2,000,000. Traders will be rewarded in 30% increments. Bi-Weekly PayoutAfter your first trade, you will be eligible to receive bi-weekly virtual payouts which is an industry-leading payout schedule. Fastest FundingWith no minimum trading days, you can pass Step 1 and Step 2 as quick as you'd like, and become a Virtual Flash Trader within 24 hours or less.

Why Us?

Getting started with MyFlashFunding is as simple as possible. Here are the steps required to become part of our community: Go to the Evaluations section of our website.Select the program and account size you would like to participate in, such as the 2-Step Evaluation program with a simulated funds balance of $200,000.Review the program rules and visit our FAQ if you have any questions.Click the yellow Get Funded button at the bottom of your desired program's banner. Enter your billing details and complete your payment.Important:We only accept ERC20, BTC Bitcoin and LTC Litecoin Network addresses for the processing of payouts via crypto. If you submit a payment on any other network besides ERC20 or through any other coin that is not accepted by MyFlashFunding, your funds will not go through and we will not be able to provide technical support for you to receive them back.Please also ensure you are only using the Ethereum Main Network and not the Ethereum Layer 2 network. If sent via the Layer 2 network, we will not be able to access your funds and we will not be able to provide technical support for you to receive them back.Please also note that our payment wallet addresses expire after 1 hour. If a payment is sent after the expiry window, our system will stop searching for the payment and it may be lost. You will not receive your account credentials in this case.Within a few minutes (sometimes longer for Migpayment orders as they have to be first confirmed on the blockchain), you will receive your account credentials in a welcome email and will be able to access the Trading Platform as well as the Dashboard.Please note that all Simulated Funded Accounts are subject to a KYC/AML screening before being issued. So please ensure that you can provide a valid form of photo ID and proof of address within the last 60 days to avoid any delays in receiving your Simulated Funded Account if you are successful in completing the evaluation phase of the program you wish to participate in.

How Do I Get Started With MyFlashFunding?

How to make sure you are following all the rules.

Overview Our system automatically breaches accounts that violate any of the drawdown rules or run out of days in their challenge. To make sure you are complying with all the rules or where you are in terms of drawdown, please visit the Dashboard, head over to the "Dashboard" toggle, and select the account number in question from the dropdown menu in the top left corner. NOTE: Please make sure the account is marked "visible" in the Account Overview section in order to view it in the Dashboard section. Other Rules to Keep in Mind Password Changes on Evaluation Accounts Any accounts that change their master or investor passwords at any time during the challenge will automatically forfeit the challenge and are not eligible to continue trading. In order to review your account, we need to have access to it. If it is found that your password has been changed, there is no way for us to know if you have failed or passed, or if your strategies are legitimate. For example, connecting your account to services such as myfxbook, which requires users to change their investor password, would breach this rule. Who Can Trade Your Account All accounts associated with our challenges must be traded on by only the trader who owns the account and must not be altered once a phase is passed. Altering Accounts Once you pass Phase 1 or Phase 2, please do not alter the account in any way, and make sure to close all positions. Altering an account after it has passed a phase will result in the account being invalid and therefore cause the trader to have to redo that phase. Additionally, if an account you have already passed ends up being traded in any way, all following/upgraded accounts will be considered as failed and there will be no redo. Trading Demo Accounts All accounts are demo accounts. Therefore, it is against our rules to take advantage of any of the following: Even when a client becomes a Simulated Flash Funded Trader, they will be provided a demo account with simulated funds equal to their account size. Funded Traders are entitled to 80% of the simulated profits made in this account. It is against our rules to take advantage of strategies that generate risk-free, consistent profits only on demo accounts. Our Simulated Flash Funded Traders are expected to be trading on their accounts as if they are live accounts. Any use of a strategy that takes advantage of demo accounts will result in the closure of a Funded Trader’s account, whether in the evaluation phase or while Simulated funded. Examples of strategies that go against our rules include: Use of the guarantee of compliance with limit simulated orders (including take profit and stop loss) Use of platform or data freezing due to a Demo Server error Use of a delayed data feed Trading on delayed charts Trading at a time of significant macroeconomic reports, and being filled at an unrealistic price due to the volatility of the event Use of hedging trades between accounts These are the most common strategies that we have seen people use to take advantage of demo accounts, though this list does not represent all possible strategies that would go against our trading rules. If any account is seen to be using unfair strategies or an unrealistic trading style, it will not be eligible to be Simulated funded. Expired Accounts If you do not trade the account for 32 days then that account will expire and be marked as failed. NOTE: If your account does expire, you can request to get a new account if you wish to start after the 32-day period. This ensures that traders are actively participating in our program while limiting hosting fees for accounts that expire and become inactive.

Do you have a Traders Dashboard?

Payment methods available

You can pay for the evaluation via debit/credit card. We also accept payments via Crypto through the Coinbase platform. Important: Third-party cards are not allowed.

What payment methods are available?

Account sizes available

At MyFlashFunding we offer 5 virtual account sizes: 10K, 25K, 50K, 100K and 200K. The account size is the amount of available simulated balance to trade on the account. Your will be trading the same account balance for Evaluation Phase 1 and 2 and Virtual Flash Trader account.

What accounts size are available?

Minimum age requirement

The minimum age to participate in all of our programs is 18 years of age or older. If you are under the age of 18, you can still learn about trading and develop your skills. However, you will not be able to participate in our programs until you are 18 years old.

Is there an age requirement to get funded?

Restricted countries

Due to restrictions with our payment exchange accounts, we are unable to offer services, including but not limited to trading and affiliate services, to persons residing in the following countries: - Afghanistan - Burundi - Central African Republic - Congo - Cuba - Crimea - Eritrea - Guinea - Guinea-Bissau - Iran - Iraq - Kenya - Lebanon - Liberia - Libya - North Korea - Myanmar - Pakistan - Papua New Guinea - Sudan - Somalia - South Sudan - Syria - Russia - Vietnam - Vanuatu - Venezuela - Yemen - Zimbabwe. ‍ Additionally, we are unable to offer services to those on the Specially Designated Nationals and Blocked Persons list ("SDN List"), with no exceptions. Those engaging in our services that reside in sanctioned countries or on the SDN List will be breached immediately, profits deducted, and no payments rendered with no exception. For further information, reference the Office of Foreign Assets Control website.

Are there any countries we cannot trade from?

Becoming virtual funded by MyFlashFunding

In order to trade a Virtual Flash Trader account all traders are required to pass our Evaluation process. Simply select your preferred virtual account size and sign-up for the Evaluation. After completing the Evaluation process, you will be offered a Virtual Flash Trader account which is simulated demo funds.

How do I become virtual funded by MyFlashFunding?

Quick overview of rules for our evaluation types

Our 2-Step evaluation has two phases, and there is no time limit for either phase. Our 1-Step evaluation also has a single phase, and there is no time limit for that phase either.​If you have any questions about our Inactivity rule, virtual maximum loss, or virtual profit targets, please contact our support team by email at help@myflashfunding.com or through Virtual Chat. We will be happy to assist you.⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯Virtual Profit Targets2-Step Evaluation​Phase 1: 6% virtual profit targetPhase 2: 6% virtual profit target 1-Step Evaluation​One-Phase: 10% virtual profit target⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯Virtual Daily Loss and Maximum Total Loss Parameters2-Step Evaluation​Virtual Daily Loss: 4% Equity/Balance basedVirtual Max Total Loss: 8% Based on balance/equity of initial demo account balance 1-Step Evaluation​Virtual Daily Loss: 4% Equity/Balance basedVirtual Max Total Loss: 6% Calculated by measuring the difference between your highest recorded virtual Balance/Equity⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯Minimum Simulated Trading Days​2-Step Evaluation: 0 minimum days2-Step Evaluation 0 minimum daysPhase 1 to Phase 2 Transition Times 2-Step Evaluation: 12 hours1-Step Evaluation: N/A⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯Simulated Drawdown Reset TimeThe simulated maximum daily loss is reset every day at 5:00 PM EST. To avoid any technical issues, we recommend that simulated traders do not execute trades between 4:57 PM and 5:03 PM EST, when the drawdown is being reset. Once your last simulated balance or equity (whichever is higher) is pulled for the trading day, your dashboard will update with your new simulated daily breach level. This is the amount that your account's simulated equity must stay above in order to avoid being breached.

General Rules for our Evaluations

MyFlashFunding Virtual Trading Account Inactivity Period.

Please note that all accounts in all phases have a 32-day inactivity period. This means that if a simulated trader does not place a trade into their account for more than 32 consecutive days, the account will be deactivated.Days are consecutive, not simulated trading days.NOTE: If your account does expire, you can request to get a new account if you wish to start after the 32-day period. This ensures that traders are actively participating in our program while limiting hosting fees for accounts that expire and become inactive.If your account is inactive you will need to contact us via live chat or email and request new account details to log back in.

Inactivity Period

Rules for scalping

Scalping on MYFF Challenge and Simulated Funded AccountsAt MyFlashFunding (MYFF), we allow scalping on all Evaluation and Simulated Flash Funded Accounts.‍

Is scalping permitted?

The usage of trade copiers and social tools

The following scenarios are permitted while using Trade Copiers:​We give traders the opportunity to manage multiple virtual accounts. Copy trading is allowed at our client’s disposal and only from personal accounts that are legally bound to the account holder.​What we allow:- Copy trading between virtual MyFlashFunding accounts- Copy trading from Virtual Flash Trader accounts to Evaluation accounts and vice versa- Copy trading between Virtual MyFlashFunding accounts and external accounts​​Copying to Other Trader Accounts/Raising Identical OrdersTraders are strictly prohibited from copying trades to other traders' accounts.The following activities are strictly prohibited when using copy traders:Raising identical orders as one or more other Traders within identical time intervals or time horizonsRaising identical orders as one or more other Traders within similar time intervals or time horizonsRaising orders akin to one or more other Traders or a variation of either (and) identical or very similar order sizes and instruments, and/or orders raised within identical or similar time intervals and horizonsUsing the same Expert Advisor or Expert Advisor parameters as other traders. Traders’ EA parameters must be unique to their trading accountsUsing the same Expert Advisor trading signals as other traders. Traders' trading signals must be unique to their trading accountsUsing Copy Trading, Account Management, or "Pass Your Challenge" ServicesUsing any type of copy trading service, account management service, or "pass your challenge" service is a violation of the MYFF Terms of Service. This is because all trades taken on any MYFF demo account must be the trader's own idea and execution.Copy trading services allow traders to copy the trades of other traders. Account management services allow traders to have their accounts managed by someone else. "Pass your challenge" services promise to help traders pass the MYFF challenge, even if they do not have the skills or experience to do so. All of these services are prohibited. If a trader is caught using any of these services, their account will be deactivated and they will be banned from the MYFF platform.Violating Prohibited Trade Copying ActivitiesUpon the violation, the account will be breached and any Simulated Profits forfeited.‍

Can I use a Trade Copier?

Trading news during a MyFF challenge

MyFlashFunding allows you to trade on news releases during any stage of your challenge. However, it is important to be aware of the risks and volatility associated with this type of trading. ​ News releases can cause sudden and large movements in the price of any asset, which can lead to big losses if you are not careful. Additionally, news releases can be unpredictable, so it is difficult to know how an instrument will react to a particular release. ​ If you are considering trading on news releases, it is important to do your research and understand the risks involved.

Can I Trade News with MyFlashFunding?

Details about holding trades over the weekend or overnight

Weekend Trading and Holding MyFlashFunding does allow trading during the weekend. MyFlashFunding does allow holding trades over weekends. MyFlashFunding does allow holding trades overnight on weekdays (between Monday to Friday). ​ ​ThinkMarkets MyFlashFunding allows trading and holding of trades during weekends for Crypto pairs. However, ThinkMarkets run a maintenance window every Saturday between 5am and 9am EST, and an hour break on Friday after market close between 5pm and 6pm EST. Holding Forex / Crypto / Metals / Indices over the weekend Forex, Crypto, Metals, and Indices can also be held over the weekend, but you should be aware of the risks associated with market gaps. These pairs do not have weekend trading hours, so there is a risk that the price could gap overnight and cause a violation. As a risk manager, it is your responsibility to determine the risks and rewards of holding a simulated position over the weekend. If a gap occurs and causes a violation, that is the trader’s responsibility. Drawdown Considerations The simulated maximum daily drawdown resets every day at 5:00 PM EST. To avoid any technical issues, we recommend that simulated traders do not execute trades between 4:57 PM and 5:03 PM EST when the drawdown is being reset. Once your last simulated balance or equity (whichever is higher) is pulled for the trading day, your dashboard will update with your new simulated daily breach level. This is the amount that your account's simulated equity must stay above in order to avoid being breached.

Can I hold trades overnight or over the weekend?

Eligibility to attempt any challenge again if you do not succeed within the designated time period

Free retries and extensions of days on Our EvaluationsAt MyFlashFunding, we do not offer free retries or extensions on any of our evaluations as there are no time limits for these evaluations. However, if you breach your virtual account, in any step, you will receive a 10% discount to try again!‍

Can I get a free retry or extension if I don't hit the simulated profit target?

Restrictions to trading strategies that violate the MYFF Terms of Use (ToU) policy

We Welcome Legitimate TradersAt MYFF, we pride ourselves on having an open and inclusive trading environment for all who abide by our Terms of Use. We value and respect all traders, regardless of the trading style, strategy, or statistical approaches used. However, it must be noted that any form of cheating, fraud, or abuse of the simulated trading environment is unacceptable and violates the MYFF Terms of Use. Such behaviors may result in warnings, account suspensions, or even account termination. Any form of cheating and abuse of the simulated environment is strongly prohibited and goes directly against the MYFF ToU that all traders agree to when signing up for our services. We strongly encourage all members of MYFF to read this article and MYFF's Terms of Use policy in their entirety to avoid unintended repercussions.​​Cheating Is Prohibited‍Of course, any trading styles that are deemed as "cheating" are not permitted and will result in a violation of our Terms of Service. For this reason, it is against our rules to take advantage of strategies that generate risk-free, consistent profits only on demo accounts. Our Flash Traders are expected to be trading on their accounts as if they are live accounts. Any use of a strategy that takes advantage of demo accounts will result in the closure of a Flash Trader’s account.​‍Account Inactivity​We require you to place at least one trade every 32 days. If this is not done we will consider your account inactive and a breach of your account will occur.​‍Example Strategies That Violate Our Rules​- Use of platform or data freezing due to a Demo Server error.- Use of a delayed data feed- Trading on delayed charts- Tick scalping, high frequency trading, arbitrage bots– Reverse arbitrage– Latency arbitrage– Hedge arbitrage or any emulators are prohibited.​These are the most common strategies that we have seen people use to take advantage of demo accounts, though this list does not represent all possible strategies that would go against our trading rules. If any account is seen to be using unfair strategies or an unrealistic trading style, they will not be eligible to be a Flash Trader.​‍Changing of Password‍The exact password has to be used which was sent by us via email to access the MetaTrader platform. Changing passwords is not allowed.​Please note that using any account management, “pass your challenge”, and/or copy trading services is also strictly prohibited and will result in the rejection of any Simulated Flash Funded Accounts, as well as a permanent ban of all MyYFF services.

Prohibited trading strategies that violate MyFlashFunding Rules and Terms of Use

Rules around virtual account limits and total virtual account value limits

Maximum Simulated Account Limits at MyFlashFundingYou can purchase and trade multiple Evaluations at the same time. We allow you to merge Virtual Flash Trader accounts up to a maximum of 400k. Our scaling plan allows you to grow your account to a virtual balance of $2,000,000 with our scaling plan. What Types of Simulated Accounts Are Included in These Maximum Limits?The combined amount across all 1-Step and 2-Step evaluation. What if I Receive More than the Maximum in Virtual Funding?If you receive more than $400,000 in simulated funding, any additional virtual funded demo accounts that would cause you to exceed the maximum funded limit will be held until you are eligible to trade them. This is because you are only eligible to have a maximum of $400,000 in simulated funding at any given time.

How many accounts can I trade and is there a maximum account size I can trade?

Account management

Only the account owner can trade on accounts associated with our challenges. This means that you cannot give your account login information to anyone else, even if they are a friend or family member. If we find out that you have shared your account information, your account will be banned. ​ Sharing account login information with other traders is strictly prohibited. This is because it gives other traders an unfair advantage. If we find out that you have shared your account information, your account will be banned. We also discourage accessing trading accounts via VPN or VPS, as this makes it difficult for us to track data through our internal systems. This is because it makes it difficult for us to track data through our internal systems. If you must access your trading account via VPN or VPS, please let us know in advance. Using any account management, "pass your challenge," and/or copy trading services is also strictly prohibited. These services give other traders an unfair advantage and can also be used to violate our other rules. This will result in the rejection of any funded accounts and a permanent ban from our services. If our system detects any of these violations, your account will be banned.

Is anyone else allowed to trade on my account besides me?

Margin Call Level and Stop Out Level

Understanding Margin Rules in Leveraged TradingLeveraged trading is a way to amplify your trading power by using borrowed money. This allows you to control a larger position with a smaller amount of capital, but it also means that your losses can be amplified as well. This means that you will need to maintain a certain level of margin in your account to keep your positions open. If the value of your positions falls below the margin requirement, your broker may force you to sell your positions, even if you don't want to. Therefore, it is important to actively manage your open positions and be mindful of the required margin level at all times. Understanding the margin rules of your trading account is crucial for the successful management of risk in leveraged trading. Margin Rules for Evaluations and Simulated Flash Funded Demo Accounts:If the value of your assets in your demo trading account falls to 90% of the amount you borrowed, you will receive a margin call. This is a notification that you need to add more money to your account or close some of your positions to avoid having your positions liquidated.In the event that your margin level falls below 100%, a Stop Out will occur. A Stop Out is the automated feature that closes the least profitable positions on your Virtual trading account, liquidating the virtual simulated losing trades to prevent further simulated virtual losses.In order to maintain and manage your margin levels, it may be necessary to reduce the margin you're using by reducing the lot sizing of your positions. It is strongly recommended that traders use proper risk management and utilize stop losses to avoid Margin Calls on the account. Your available margin is calculated based on your current demo account balance. We hope that this article has been informative and has provided you with a better understanding of leverage trading and the margin rules of your demo trading account. ​​Should you have any further questions, please reach out to us at our Support Live Chat.

Margin Rules on Evaluation and Simulated Flash Funded Accounts

What happens to your challenge account when a rule is violated.

Understanding Violations of Simulated Maximum Daily Loss and Simulated Maximum Total Loss RulesWhen a trader violates a simulated Maximum Daily Loss or simulated Maximum Total Loss, our evaluation technology will automatically breach the trader's account and place it into read-only mode. The trader's dashboard will reflect this violation by changing the simulated account status to "Failed". If the trader wants to attempt the evaluation again, they must purchase another account on our website.​If an account violates the rules or trading parameters on the Evaluation the account will become no longer eligible for virtual funding. If your account breaches the rules or trading parameters on the Virtual Flash Trader account your account will be closed, and the Trader Agreement will be terminated.​Please be advised that some violations are not automatically identified and will only be verified by our risk team when an account review is conducted. Terms of Use ViolationsIf the trader passes the evaluation but any violations, such as a breach of our Terms of Use or abuse of the demo trading environment, are found, a member of our Flash Support Team will contact them and notify them of the violation. The trader's simulated account will be manually breached and placed into read-only mode. As before, the Trader's Dashboard will reflect this violation with an account status of "Failed" and the trader must purchase another account in order to get another chance at the evaluation.

What happens if I violate a rule of the challenge?

Our Partnered broker!

Our partnered broker is ThinkMarkets.SpreadsAll of our accounts have raw spreads starting as low as 0.0 pips with ThinkMarkets ThinkZero accounts.​To check spreads, please utilize these logins:​Platform: MT4​Server: ThinkMarkets-Demo​Login: 10600064​Password: testing_myff​​Platform: MT5​Server: ThinkMarkets-Demo​Login: 9000153​Password: testing_myff

What Platforms Do You Offer?

Leverage for our 2-step and 1-step Evaluation accounts

Leverage offered: Fx 1:100 Indices 1:10 Gold & Commodities 1:20 Crypto 1:2

What leverage do you offer?

Commission fees for demo accounts through our partnered broker.

CommissionsAt MyFlashFunding, we make sure that our simulated commission fees remain organized and straightforward for beginners.​Think Markets‍Forex/Metals: $7 per lot​Indices/Crypto/Oil: $0 per lot​Additional ResourcesFor more details, please contact us with any questions you have about commissions or trading in general.

What is the Commission Fee Structure?

Learn what instruments are offered.

Trading Instruments on Your PlatformWe allow simulated trading of the instruments available on your trading platform. This typically includes forex, metals, commodities, indices, and crypto (BTC, BCH, LTC & ETH). On ThinkMarkets Trading Platform:Forex pairs with the x suffix (eg. EURUSDx); Indices & metals with the x suffix (eg. NAS100x, XAUUSDx);No suffix for cryptos SupportIf you have any questions or need help understanding exactly what instruments you can trade, feel free to contact our support team by clicking the support icon in the bottom right corner of the screen.‍

What instruments are allowed to be traded?

Allows and prohibits use of Expert Advisors (EAs)

EAs are allowed. You may use EAs (Expert Advisors) that you setup to suit your own strategy or trading style. Hedging is allowed. Martingale is allowed. Stop Loss is not required Trade Copiers are allowed. HFT EAs are not allowed.

Do you allow Expert Advisors (EAs)?

Learn what lot size limits, if any, are enforced

Lot Size RuleThere are no lot size limits during any of our evaluations. We do not add any extra limits on top of what the broker allows and we do not monitor the amount of simulated lots you place.‍

What is the lot size limit?

Using a VPS or VPN Our Terms and Conditions require that all traders associated with our challenge and simulated funded programs must be the sole traders of their accounts. ​ To track data through our internal systems properly, we discourage accessing any trading account via VPN or VPS. This is a common practice for any service that does not allow multiple users on a single account. To be clear, you are not prohibited from using a VPN or VPS. However, if you do use one and any potentially malicious activity is found on your account, the use of a VPN or VPS will be a major factor in determining whether you have violated our Terms and Conditions. If you are using a VPN or VPS, please make sure that you are not violating anything in our Terms and Conditions, such as having multiple users trading on your account or using any prohibited strategy. Using a VPS or VPN when Completing the KYC/AML Verification Process In order to keep our site secure and protect customers’ data, we must ensure that we collect the appropriate verification information in an accurate and secure fashion. As such, when completing the Know Your Customer (KYC) and Anti-Money Laundering (AML) verification process, we request that customers not use a Virtual Private Network (VPN) or Virtual Private Server (VPS). Using a VPS or VPN when completing the KYC/AML verification process may result in your account not becoming funded, and/or any funded account being disabled or breached. We apologize for any inconvenience this may cause and ask that customers take care to follow these guidelines when completing the KYC/AML process with us. Please also note that connecting to Virtual Private Networks ("VPN") and Virtual Private Servers ("VPS") when completing the KYC/AML verification process is prohibited. If you are connected to a VPS or VPN when completing the KYC process, your account may not become funded, and/or your funded account may be disabled and/or breached if you are discovered to have completed the KYC/AML process using a VPS or VPN.

Am I allowed to use a VPN?

Password changes

Password change Any trader accounts that change their master or investor passwords at any time during any challenge will automatically forfeit the challenge and will not be eligible to continue trading. In order to review your account, our team needs to have access to it. If it is found that your password has been changed, there is no way for us to know if you have failed or passed, or if your strategies are legitimate. For example, connecting your account to services such as myfxbook, which requires users to change their investor password, would breach this rule. Breaching this rule will result in failing the evaluation.

Can I change my password during an Evaluation?

Spreads Test Account

A spreads test demo account provides simulated traders with a risk-free environment to view the spreads offered on the brokers we offer. The spreads test demo account is read-only, and therefore, you will only be able to see the markets moving on Trading Platform 4/5 but not place trades. The spreads test demo account can help you gain familiarity with the dynamics of our brokers and can be a useful tool for both beginner and experienced simulated traders. Follow the steps below to gain access: Step 1: Choosing a BrokerWe only offer ThinkMarkets.Step 2: Downloading and Installing Trading PlatformDownload the appropriate version of Trading Platform compatible with your operating system (Windows, macOS, or mobile devices via App Store).Follow the installation instructions provided by the broker to install Trading Platform on your computer or mobile device.Step 3: Logging in to the Trading Platform with Your Spreads Test AccountLaunch Trading Platform on your computer or mobile device.When prompted, enter the login credentials provided below:Note: To view all symbols, please right-click Market Watch>Symbols‍

Using Our Spreads Test Account

Introduction In the world of forex trading, swap fees are a major consideration. They can have a significant impact on traders' profitability and risk management strategies. In this article, we will explore the concept of swap fees, their importance, and how they can affect trading activities on Wednesdays in particular. What are Swap Fees? Swap fees are the interest charged or paid when a trader holds a position open overnight. This is because the forex market is open 24/5, so positions can remain open beyond the end of the trading day. The swap fee is calculated based on the interest rate differential between the two currencies or assets being traded. ​ In simpler terms, swap fees compensate traders for the opportunity cost of holding a position overnight. This is because the trader could have invested that capital elsewhere and earned a return. The amount of the swap fee can vary depending on factors such as the central bank's interest rates, liquidity, market sentiment, and demand for the asset. Why are Wednesdays Special? Wednesdays are a special day in the world of swap fees because of the way the forex market operates. The forex trading day begins and ends at 5:00 PM New York time (10:00 PM GMT). If a position is held open beyond this time, it is considered to be carried over to the next day and swap fees will be applied. On Wednesdays, swap fees are typically charged at three times the usual rate. This is because the forex market operates on a T+2 basis, which means that trades executed on Monday are settled on Wednesday. The settlement process involves the actual exchange of currencies, and the triple swap fee on Wednesday accounts for the interest rate differential for the two extra days. Effect on Traders For traders with short-term strategies or those who open and close positions within the same day (day traders), swap fees might not be a significant concern. However, for swing traders, long-term investors, or carry traders who rely on holding positions for extended periods, swap fees can eat into their potential profits. Managing Swap Fees Traders can employ various strategies to manage swap fees effectively: Timing: Being mindful of the rollover time and avoiding positions that extend beyond the rollover period can help minimize swap fees. Currency Pair Selection: Choose currency pairs wisely, considering their interest rate differentials and how they align with your trading strategy. Where to View Swap Fees Trading Platform 4: Click 'View' along the top menu Select 'Symbols' Select which currency pair you want to see the swaps for, and click 'Properties' You can now see the long and short swap rates in the pop-up window Trading Platform 5: Open the MT5 mobile app on your phone. Tap on the "Quotes" tab or icon to access the list of tradable instruments. In the "Quotes" section, find and tap on the specific trading instrument (currency pair or CFD) for which you want to view the swap fees. A new window will appear showing various details about the selected instrument, including the "Swap Long" and "Swap Short" values, which represent the swap rates for holding long (buy) and short (sell) positions overnight. Actual swap fees may vary depending on market conditions and from broker to broker. Please check the specifications of the particular instrument before trading.

Forex Swap Fees Explained: A Guide for Traders

Here, we'll provide you with answers to commonly asked questions about rollover, also known as overnight or swap rates.

What is Rollover?​Rollover is the process of carrying an open position in the market to the next trading day. This is done automatically by most brokers, and it is usually done at a specific time, such as 5pm EST.​When a trader rolls over a position, they are essentially borrowing money from their broker to keep the position open. This borrowing incurs interest, which is called the swap rate. The swap rate is calculated based on the interest rate differential between the two currencies in the currency pair.​The amount of the swap fee or payment will depend on the size of the position, the interest rate differential, and the length of time the position is rolled over.​A swap, also known as “rollover fee”, is charged when you keep a position open overnight. A swap is the interest rate differential between the two currencies of the pair you are trading. Swap fees are charged triple when you hold your trade from Wednesday to Thursday. Mechanics of Rollover:Interest Rate Differential: Each currency in a forex pair is associated with an interest rate set by its respective central bank. The rollover rate is determined by the difference between these interest rates.Currency Pairs: Rollover rates are specific to the currency pairs being traded. For each currency pair, the trader borrows one currency to buy another. The rollover rate accounts for the difference in interest rates between the two currencies.Long and Short Positions: When a trader holds a long (buy) position in a currency pair, they receive interest if the base currency has a higher interest rate than the quote currency. Conversely, if the base currency's interest rate is lower, the trader may need to pay interest. The opposite holds true for short (sell) positions.Why does forex rollover exist?​Forex rollover is the interest paid or earned for holding a currency spot position overnight. It exists because the forex market is open 24 hours a day, 5 days a week. This means that interest rates can change during the weekend or on holidays, when banks and financial institutions are closed. Rollover helps to ensure that traders are compensated for the interest they would have earned if they had held their positions in a bank account. Disadvantages and Risks for Traders:Price Gaps: During the rollover period, when markets are closed, various events such as economic announcements, geopolitical developments, or unexpected news can occur. When the market reopens, the prices can gap significantly from where they closed. These gaps can result in substantial losses if the price moves against your position. It is to be noted that the occurrence and intensity of these price fluctuations can vary from day to day as well and that your predetermined stop loss and take profit parameters will NOT be respected.Lack of Control: Traders have limited control over their positions during market closures. For example, if a trade moves unfavorably during the rollover period, you will not have the ability to close the position or adjust your trade until the market reopens.Increased Volatility: Market open and close times tend to have higher volatility due to lower liquidity. This increased volatility can lead to wider spreads, potentially affecting the execution of your trades when the market reopens.Overnight News Risk: News and events that occur outside of trading hours can have a significant impact on the market sentiment and prices. Holding positions overnight exposes you to the risk of such news, which might result in unexpected and adverse market movements.Cost of Rollover: If you're trading in markets like forex, holding positions through rollover may subject you to swap or interest rate differentials. Depending on the direction of your trade and the interest rate differentials between the currencies involved, this could result in either a cost or a benefit.To calculate the rollover rate, you need to multiply the swap rate by the number of lots, the number of nights, and the base currency.​For example, let's say you have a long position of 2 lots in the AUD/USD pair. The swap rate for AUD/USD is -4.38 AUD/lot/night. If you hold the position open for 5 nights, the rollover rate will be calculated as follows:Swap rate * number of lots * number of nights = rollover rate (-4.38 AUD/lot/night) * 2 lots * 5 nights = -43.8 AUDIn this case, the rollover rate is negative, which means you will be charged 43.8 AUD for holding the position open for 5 nights. The amount will be deducted from your trading account.​The AUD/USD pair is denominated in AUD, so the rollover rate is also in AUD. However, if your trading account is denominated in a different currency, the rollover rate will be converted to that currency. For example, if your trading account is denominated in USD, the rollover rate would be converted to USD at the current exchange rate. To find swaps on Trading Platform 4/5, follow these steps:Trading Platform 4Click View in the top menu.Select Symbols.Select the currency pair you want to see the swaps for.Click Properties.The long and short swap rates will be displayed in a pop-up window.Trading Platform 5Click Symbols in the top menu.Select the currency pair you want to see the swaps for.The long and short swap rates will be displayed in a pop-up window.Please note that dividends are also applied during the rollover time of 00:01 server time on ThinkMarkets. Conclusion:Rollover is an essential aspect of forex trading that requires careful consideration by traders, especially those with longer-term strategies. By understanding how rollover rates work and factoring them into trading decisions, traders can better manage risks, optimize their trading strategies, and navigate the ever-changing forex landscape. As with any aspect of trading, staying informed and adapting to market conditions are key to success.

Forex Rollover Explained: A Guide for Traders

Overview: Simulated Dividends are a crucial component of the investment world, often serving as a reflection of a company's financial health and its commitment to returning value to shareholders. In this article, we'll delve into the basics of dividends, their significance, and what they mean for investors. Definition of Simulated Dividends: Simulated Dividends are payments made by a corporation to its shareholders, usually in the form of cash or additional shares. They are typically paid from the company's profits. If a company has a dividend policy, it can decide to distribute a portion of its earnings back to its shareholders. Why Companies Pay Simulated Dividends: Rewarding Shareholders: Simulated Dividends are a way to share a portion of the company's profits with its shareholders. Attracting Investors: Regular dividends can make a stock more attractive to potential investors. Signaling Financial Health: A consistent dividend payment can be seen as a sign of a company's financial stability. What does it mean for you? Clients engaging in index trading with ThinkMarkets Broker should be cognizant of the associated dividend fees. Index simulated dividends are charged when a company that is part of the index pays dividend. Amounts can vary a lot depending on the companies that pay the simulated dividend. It's noteworthy that there might be instances where no simulated dividends are paid on certain days, while on others, the dividends might amount to several virtual currency. Simulated dividend amounts are presented per 1 index (10 contracts) and these charges are levied post-rollover period, typically around 00:10 server time. Please note both the virtual daily loss and virtual maximum total loss breach on an account include simulated commissions, simulated swap fees and simulated dividends on ThinkMarkets as well. How to calculate simulated dividends? Formula: For example, to calculate the dividend fees for 10 contracts of SPX500 with simulated dividend fees of 0.114, you would multiply 10 by 0.114, which equals $1.14.

How Simulated Dividends Work in Forex Trading: A Guide for Traders

Overview

2 Step:This Evaluation is a two-step process where you are required to trade on a demo account. You have unlimited time to reach the virtual 6% profit target on Step 1 and Step 2. After completion without violation, you will be eligible for a Virtual Flash Trader account.​​1 Step:This Evaluation is a one-step process where you are required to trade on a demo account. You have unlimited time to reach the Virtual 10% profit target on Step 1. After completion without violation, you will be eligible for a Virtual Flash Trader account. When does the Evaluation start?Your Evaluation starts from the moment you place your first trade on your account.Do I have to pay for my losses?No. We are responsible for the Virtual funding and liable for the virtual losses in your trading account. Our traders will not be charged as a result of losing simulated capital.‍

What is an Evaluation?

Trading with virtual funds.

Simulated Environments In order to best service our clients, trading in all stages of the cooperation between MyFlashFunding and the client is via a demo account. For the avoidance of any confusion, please keep in mind that a Simulated Flash Funded Account is a fully simulated account with real market quotes from liquidity providers. The trading data is sent off to a partnered proprietary trading firm where trades are copied at their own discretion and proprietary trading strategies are developed using the data. ​ ​NOTE: All Phase 1 & 2, as well as Simulated Flash Funded Accounts, are routed through a simulated feed, therefore simulating real market conditions. Disclaimer: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

Am I Trading on a Demo Account or Live Account?

OverviewSimulated trading accounts are intended to mimic the real market. Any transactions made within these accounts must adhere to the same rules and regulations as the real market. If this is not the case, individual transactions or entire accounts may be invalidated. For MyFlashFunding evaluation accounts, these positions will not be subject to a virtual profit split. This means that you will not be paid based on the simulated profits generated by these positions. Additionally, if you violate the Terms and Conditions of the Customer Agreement, your account may be terminated.But what does a contradiction with the functioning of the real market mean?We aim to protect the company against practices that can achieve a risk-free virtual profit on regular demo accounts. As we all know, in the real market, risk-free virtual profits cannot be achieved and maintained on a consistent basis if they strategy used to achieve those profits is not one that can be replicated in the real market.If any of MyFlashFunding evaluations are completed in a way contradictory to the functioning of the real market, it does not reveal anything about the trader’s strategy being applicable in the real market.NOTE: All Phase 1 & 2, as well as simulated Flash Funded Accounts, are routed through a simulated feed, therefore simulating real market conditions. In this article, we will discuss practices that do not comply with the functioning of the real market. 1. The use of platform or data freezingWhat Are The Effects Of Data Feed Freezing?Data feed freezing is a common problem that can occur in trading platforms. It happens when the platform is unable to keep up with the influx of data, such as during periods of high market volatility or when there is a large number of traders using the platform at the same time.What Causes Data Feed To Freeze?There are a number of factors that can cause data feed freezing, including:◦ Peak market activity: Data feed freezing is more likely to occur during periods of peak market activity, such as during major news events or when there is a lot of volatility in the market.◦ Technical glitches: Data feed freezing can also be caused by technical glitches in the trading platform or the data feed provider.◦ Trading platform overload: Data feed freezing can also occur if the trading platform is overloaded with too much data. This can happen when there is a large number of traders using the platform at the same time.How Can Data Feed Freezing Be Taken Advantage Of?There are some trading platforms who often freeze the data feed. This may happen for only a few seconds, which is more than enough time to look at the data of another trading platform who is not freezing their data and tell you where the price is going. There are also trading platforms who freeze data on a more regular and systematic basis. It sounds good to be able to predict the movement of price, but this does not work on live accounts. 2. The use of delayed data feedThis is very similar to the practice above, but a bit more complex. Each trading platform has a different data feed quality. Some are a few seconds slower than others. There are programs that are able to detect this delay and use this to take advantage of the market. Trading platforms are well aware of this practice and are doing everything they can to avoid this from happening.You may find this in their T&Cs. In order to simplify things, there are programs that will disguise this form of arbitrage, making it harder for the trading platforms to find out. 3. Trading on delayed chartsSome trading platforms offer delayed charts for their demo accounts. This is common for stocks or other illiquid assets. This means that the charts show the price movements of the asset from 15 minutes ago. This allows traders to see where the price has been, but not where it is going. Traders can use this to their advantage by looking at another trading platform that offers real-time charts. This way, they can see where the price is going and then trade on the demo account accordingly. This is not possible on a live account, as the charts will show the real-time price movements. This practice is not compliant with the functioning of the real market. In the real market, traders do not have access to delayed charts. They must make their trading decisions based on the real-time price movements. 4. Trading at a time of significant macroeconomic reportsThis practice does not contradict real trading, but demo accounts can achieve better quotations and slippages compared to real live accounts. If you are a news trader, please note that our company will not tolerate any abuse of stop orders to enter or exit trade. When scalping news releases with a straddling method, slippage, latency, and liquidity issues occur. 5. Use of the guarantee of compliance with limit orders (including Take Profit and Stop Loss)Many trading platforms praise offering their clients the guarantee of filling all pending orders at a fixed price. Keep in mind that pending orders are Take Profit and Stop Loss as well. This is only possible on demo accounts. Here is an example of how this can be exploited on a demo account: The DAX is not traded overnight, between 10pm and 8am CET. During that time, the price of the DAX can change significantly, creating a gap.A trader opens both a long and a short position on the DAX at 21:58, with a stop loss of 10 points and a take profit of 50 points.The gap appears in the morning and is 80 points. The trading platform guarantees that the pending orders will be filled at the specified prices, so the long position is closed at -10 points and the short position is closed at +50 points. This results in a virtual profit of 40 points.Please note that these are only some of the scenarios that we have come across that contradict the functioning of the real market. Traders will always attempt to come up with new ways to bypass the real market data. It is always in the trader’s best interest to avoid such practices to ensure the longevity of an account and for adequate risk management purposes.‍

Trading According to the Real Market?

Evaluation process phases, timeline, and duration

The Simulated 2-Step & 1-Step Challenge consists of a two-phased evaluation process and one-phase evaluation process where a trader has unlimited simulated trading days to reach the profit target. Please note that all accounts in all phases have a 32-day inactivity period. This means that if a simulated trader does not place a trade into their account for more than 32 consecutive days, the account will be deactivated. Days are consecutive, not simulated trading days. NOTE: If your account does expire, you can request to get a new account if you wish to start after the 32-day period. This ensures that traders are actively participating in our program while limiting hosting fees for accounts that expire and become inactive. If your account is inactive you will need to contact us via live chat or email and request new account details to log back in.

How long do I have to pass MyFlashFunding evaluation process for the Simulated 2-Step & 1-Step Challenge?

An overview of the MyFlashFunding 2-Step Simulated Evaluation

2-Step Evaluation OverviewUnlimited simulated trading daysLowest 6% Virtual Profit TargetsUp to $400K in Simulated Capital8% Simulated DrawdownFees RefundableNo Restrictions – EA's, news allowed80% Virtual Profit SplitBi-Weekly Payouts ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯Rules for the 2-Step Simulated EvaluationEvaluation Time LimitThe MyFlashFunding 2-step simulated evaluation consists of a two-phased evaluation process where a trader has unlimited simulated trading days to complete both phases of the evaluation.Minimum Trading DaysThere are no minimum trading days in order to pass the evaluation.Free RetriesAs the 2-Step MyFlashFunding evaluation has no time limits, there will be no free retries for Phase 1 or Phase 2 demo accounts as there is no longer a limit to your simulated trading period.Profit TargetPhase 1 has a simulated profit target of 6%Phase 2 has a simulated profit target of 6% Please note that in order to receive a refund on your account, you must not have placed any trades on it. ViolationsAny violation of the rules above will result in the termination of your demo trading account and you will not be eligible to move forward in the program with that account. Traders are more than welcome to start over by joining the program with a new demo trading account.‍

What is MyFlashFunding 2-Step Simulated Evaluation?

An overview of the MyFlashFunding 1-Step Simulated Evaluation

Simulated Profit Target and Simulated drawdown Rules The 1-Step consists of a one-phased evaluation process where a trader has unlimited calendar days to achieve a 10% Simulated Profit Target. During the trading period, simulated max daily loss is based on 4% of the virtual account balance for both 1 & 2 Step Evaluations. We calculate daily drawdown as follows: Upon the 5pm EST day change, we will take the higher figure of either the virtual account balance or account equity and subtract a fixed 4% of the higher value as the simulated daily loss limit for the new day. Rules for the 1-Step Simulated Evaluation Evaluation Time Limit The MyFlashFunding 1-step simulated evaluation consists of a one-phased evaluation process where a trader has unlimited simulated trading days to complete the phase of the evaluation. Minimum Trading Days There is no minimum trading days in order to pass the evaluation. Free Retries As the 1-Step MyFlashFunding evaluation have no time limits, there will be no free retries for demo accounts as there is no longer a limit to your simulated trading period. Profit Target One-Phase with simulated profit target of 10% Please note that in order to receive a refund on your account, you must not have placed any trades on it. Violations Any violation of the rules above will result in the termination of your demo trading account and you will not be eligible to move forward in the program with that account. Traders are more than welcome to start over by joining the program with a new demo trading account.

What is MyFlashFunding 1-Step Simulated Evaluation?

Overview of the simulated max daily loss and simulated max total loss for the 2-Step Simulated Evaluation

Simulated Maximum Daily LossSimulated max daily loss is based on 4% of the virtual account balance for both 1 & 2 Step EvaluationsWe calculate daily drawdown as follows: Upon the 5pm EST day change, we will take the higher figure of either the virtual account balance or account equity and subtract 4% of the higher value as the simulated daily loss limit for the new day.Reset TimeThe simulated max daily drawdown resets every day at 5:00 PM EST. To ensure smooth functionality and avoid potential technical glitches, we advise our simulated traders to not execute trades in between the window of 4:57 PM - 5:03 PM EST when the drawdown is being reset. Once your last simulated balance/equity (whichever is higher) is pulled for the trading day your dashboard will update with your new simulated Daily Breach Level. This is the amount your account simulated equity must stay above in order to not be breached. Simulated Daily Loss Rules ExamplesExample 1:‍On a 100K virtual Account, if at 5pm EST you have an open trade with a virtual floating profit of $2,000, your account equity will be 102K. With a 4% simulated daily drawdown, the virtual equity cannot drop below $98,000 ($102,000 - $4,080 = $97,920) on the next trading day.‍‍Example 2:If on a 100K virtual Account at 5pm EST you have an open trade with a virtual floating loss of -$2,000, your account equity will be $98,000. Because your $100K balance is higher than your $98,000 equity, your simulated daily drawdown limit of $4,000 will be calculated on a $100K balance. This means for the next trading day, the virtual equity cannot drop below $96,000 ($100,000 - $4000 = $96,000).​‍Example 3:‍If there are no open trades at 5pm EST, the simulated daily drawdown will be 4% of whatever the virtual closed balance is. ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯Simulated Maximum LossSimulated Maximum Total Loss: 8% The simulated maximum total loss allowed in your account is 8%.​‍Example using a $100,000 account:​Simulated Max total loss is 8% of your initial virtual balance = $8,000. Your account equity including unrealized/floating positions must not hit/exceed below $92,000.​ ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ViolationsAny violation of the rules above will result in the termination of your simulated trading account and you will not be eligible to move forward in the program with that account. Please note both the simulated daily drawdown and max drawdown breach on an account include simulated commissions, simulated swap fees and simulated dividends as well.‍

How do the simulated Max Daily Loss and simulated Max Total Loss work for the 2-Step Simulated Evaluation?

Overview of the simulated max daily loss and simulated max total loss for the 1-Step Simulated Evaluation

Simulated Maximum Daily LossSimulated max daily loss is based on 4% of the virtual account balance for both 1 & 2 Step EvaluationsWe calculate daily drawdown as follows: Upon the 5pm EST day change, we will take the higher figure of either the virtual account balance or account equity and subtract 4% of the higher value as the simulated daily loss limit for the new day.Reset TimeThe simulated max daily drawdown resets every day at 5:00 PM EST. To ensure smooth functionality and avoid potential technical glitches, we advise our simulated traders to not execute trades in between the window of 4:57 PM - 5:03 PM EST when the drawdown is being reset. Once your last simulated balance/equity (whichever is higher) is pulled for the trading day your dashboard will update with your new simulated Daily Breach Level. This is the amount your account simulated equity must stay above in order to not be breached. Simulated Daily Drawdown Rules ExamplesExample 1:​On a 100K virtual Account, if at 5pm EST you have an open trade with a virtual floating profit of $2,000, your account equity will be 102K. With a 4% simulated daily drawdown, the virtual equity cannot drop below $98,000 ($102,000 - $4,080 = $97,920) on the next trading day.‍‍Example 2:If on a 100K virtual Account at 5pm EST you have an open trade with a virtual floating loss of -$2,000, your account equity will be $98,000. Because your $100K balance is higher than your $98,000 equity, your simulated daily drawdown limit of $4,000 will be calculated on a $100K balance. This means for the next trading day, the virtual equity cannot drop below $96,000 ($100,000 - $4000 = $96,000).​‍Example 3:‍If there are no open trades at 5pm EST, the simulated daily drawdown will be 4% of whatever the virtual closed balance is. Simulated Maximum Total LossSimulated Maximum Total Trailing Loss: 6% The simulated maximum total loss allowed in your account is 6%. It is calculated by measuring the difference between your highest recorded virtual balance or equity.‍This simulated maximum total loss rule applies consistently throughout all phases, including verification and virtual funding. In the 1 Step account, your simulated Maximum Drawdown is set at 6%, and it functions as a trailing drawdown that tracks your highest recorded virtual equity or balance.​​Example 1:Starting virtual account balance: $10,000Simulated Maximum Drawdown: 6% of $10,000 = $600Simulated Max drawdown level starting off: $10,000 - $600 = $9,400​​Example 2:After the first day of trading, you earn a virtual profit of $500, resulting in a new virtual balance of $10,500. Your simulated Max Drawdown is recalculated based on this highest recorded virtual balance or equity.New Simulated Max Drawdown: 6% of $10,500 = $630Max Simulated drawdown level: $10,500 - $630 = $9,870​​Example 3:On the second trading day, if you incur a virtual loss of $100, your new starting balance for the next trading day becomes $10,400. However, your Simulated Max Drawdown level remains unchanged as it continues to trail your highest recorded virtual balance or equity.Max drawdown level: $9,870 ViolationsAny violation of the rules above will result in the termination of your simulated trading account and you will not be eligible to move forward in the program with that account. Please note both the simulated daily drawdown and max drawdown breach on an account include simulated commissions, simulated swap fees and simulated dividends as well.‍

How do the simulated Max Daily Loss and simulated Max Total Loss work for the 1-Step Simulated Evaluation?

Virtual Profit Target & Consistency Rules

Virtual Profit TargetVirtual Profit Target is the trading objective. If virtual profit target is reached after all positions are closed, you are offered a Virtual Flash Trader account.‍​2 Step Evaluation:Step 1:Reach 6% virtual profit target anytime without violating any rules and simulated trading parameters.‍Step 2:​‍Reach 6% virtual profit target anytime without violating any rules and simulated trading parameters.​​1 Step Evaluation:Reach 10% virtual profit target anytime without violating any rules and simulated trading parameters. Do you have a consistency/hidden rule?We do not have any consistency rule or and hidden rules.‍

What is Virtual Profit Target? Is there any Consistency Rule?

Processing time for evaluation/programs.

Trading Platform & Dashboard CredentialsUpon receiving your confirmation of successful payment, you will receive your Simulated Trading Platform and Dashboard credentials within 5 minutes, however, for crypto payments the time taken to confirm your order depends on the network congestion and blockchain verification and can take some time. Expiry of Our Payment Wallet AddressesPlease note that our payment wallet addresses expire after 1 hour. If you send a payment after the expiry window, our system will stop searching for the payment, and the payment may be lost. In this case, you will not receive your login credentials. What to do if you have not received your account credentialsIf you have not received your account credentials for more than 6 hours after your payment, please check your spam, junk, promotion, and other inbox folders. If you still cannot find your welcome email, please reach out to our live support chat and provide them with your registered email address and order number. A member of our Flash Support Team will help you get your credentials and get back on track. Crypto Payment GatewayWe accept payments via the Ethereum network (ERC-20) for the cryptocurrencies (USDT, USDC, & ETH), via the BTC network for BTC payments, and via the LTC network for LTC payments. If you send a payment via the wrong network (for example, BSC), all funds will be lost and MyFlashFunding cannot recover them. Please also make sure you are using the Ethereum Main Network and not the Ethereum Layer 2 network.‍

How fast will I receive a MyFlashFunding evaluation after I sign up?

Overview of how long it takes to transition to Phase-2 after passing Phase-1 of the Evaluation.

How to transition your demo account after Phase 1: To transition your MyFlashFunding demo account to Phase 2, you must first complete Phase 1. ​ Once you have done this, you will receive instant account credentials for Phase 2.

What is the transition process from Phase 1 to Phase 2 in 2-Step Simulated Evaluation?

Steps you'll need to take after passing MYFF Simulated Evaluation to receive your simulated funded account

Passing MyFlashFunding Simulated Evaluation: Your Next StepsCongratulations on passing the MyFlashFunding simulated evaluation! You will receive an email confirmation once you have passed both phases of your 2-Step Simulated Evaluation, or the 1-Step Simulated Evaluation. Your simulated evaluation status on your dashboard will also be marked as “Passed”. To proceed with the process, here are the next steps you need to take: Verify your identity: You will receive an email with a link to verify your identity. Simply click the link in the email to submit your government ID.‍Sign the MyFlashFunding Agreement: Within 48 hours you will receive another email asking you to sign the MyFlashFunding Agreement through DocuSign. Please keep an eye out for that email.We wish you the best of luck on your simulated funded journey! If you encounter any issues during the process, don't hesitate to reach out to the support team via Live Chat and we'll be happy to assist. Once you have verified your identity and signed the agreement, you will receive your account enabling date.​ When Are Simulated Funded Accounts Enabled?This process normally takes up to 2 business days, once the KYC is completed and the agreement is signed. Please reach out to our live support chat on our website if you have any questions. We're always happy to help!‍

I passed MyFlashFunding Simulated Evaluation, now what?

Trading with virtual funds.

About Virtual Funds After a client becomes a Simulated Flash Trader, he/she will be provided with a demo account with simulated funds. For the avoidance of any confusion, please keep in mind that a Simulated Flash Account is a fully simulated account with real market quotes provided from trading platform providers who simulate the live market via aggregating order books from liquidity providers. The trading data is sent off to a partnered proprietary trading firm where trades are copied at their own discretion and proprietary trading strategies are developed using the data. Disclaimer: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. CFTC Rule 4.41

Am I Trading Real Money?

Explains what a Simulated Flash Funded Account is.

A simulated flash funded account is an account that allows traders to earn a percentage of the simulated profit they generate, based on the profit split associated with the demo account. Simulated funded accounts are earned by traders who successfully complete our evaluation programs and KYC/AML screening. It is important to note that a simulated funded account is a fully simulated account that uses real market quotes from liquidity providers. The trading data is sent to a partnered proprietary trading firm, where trades are copied at their own discretion and proprietary trading strategies are developed using the data. Please be aware that simulated performance results have limitations. Unlike actual trading results, simulated results do not reflect the impact of factors such as liquidity and market sentiment. As such, no representation is being made that any account will or is likely to achieve similar results. Disclaimer: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

How a Simulated Flash Funded Account Works

Minimum Simulated Trading Days

Minimum Simulated Trading Days At MYFF, you can pass Step 1 and/or Step 2 in as little time as you'd like to become a Virtual Flash Trader. There is no minimum time requirement for either step. However, we do recommend that you take your time and learn as much as you can before moving on to the next step. Inactivity Periods Please note that all accounts in all phases will be limited to a 32-day inactivity period. This means that if a trader does not place a trade into their account for more than 32 consecutive days, the account will be deactivated. This helps us make sure that traders are participating and minimizes hosting fees for accounts that are inactive. Please note that: Days are consecutive, not simulated trading days. If your account is inactive you will need to contact us via live chat or email and request new account details to log back in.

Minimum simulated trading days once being a Virtual Flash trader

Violated funded accounts and restrictions to simulated profit split payouts

- If you violate your simulated flash funded account with MyFlashFunding for any of the reasons outlined in our rules, knowledge center, or trader agreement, then you are not eligible for any simulated profit split (note: A profit split means you are paid based on data which is measured by simulated profit), payout, or refund.

If a simulated Flash Funded Account is violated, am I eligible for a payout?

Everything you need to know in order to receive your payouts as a Simulated Flash funded trader with MyFlashFunding

A trader is eligible for a virtual payout 14 days from their first trade on the simulated Flash funded account and then again becomes eligible 14 days after withdrawing. ​ To be eligible for a payout on Virtual Flash Trader accounts, your account balance must be above initial virtual account balance and no violations recorded. All of the trader’s positions must be flat (no open trades and no open orders) to receive a virtual payout. The virtual payouts are processed within 1-2 business days. ​ The virtual payouts are processed through Wise which offers various payout options. ​ If you can't use Wise due to your country being restricted, we can send your virtual payout alternatively via crypto. There's a $100 minimum withdrawal amount.

How do you process payouts for Simulated Flash funded accounts?

Overview regarding merging accounts

Challenge Phase I & Phase II AccountsTraders are not permitted to merge any challenge accounts together, regardless if they are in Phase 1 or Phase 2. ⎯⎯⎯⎯⎯⎯⎯Simulated Flash Funded AccountsWhat accounts can be merged?We can merge Simulated Flash Funded accounts that are within the same evaluation type, once they are passed. For example, we can merge multiple Simulated 2-Step Flash Funded accounts, but we cannot merge a Simulated 2-Step Flash Funded account with a Simulated 1-Step Flash Funded account.For example: If you have multiple Simulated 2-Step Flash Funded accounts, you are welcome to merge them together.When can I request to merge the Simulated Flash funded accounts?Simulated Flash Funded Accounts can only be merged when they are both at their starting balance and/or during the withdrawal period while you wait for the account to be enabled again. Please note the next withdrawal date will default to the payout date of the last account being merged.For example- You merge two 100K 2-Step Simulated Flash Funded Accounts (both at 100K demo balance) which have upcoming withdrawals on April 6th and April 9th. Once these accounts are merged into a 200K 2-Step Challenge Simulated Funded Account, the next withdrawal date for that account will be April 9th.What will my payout percentage be?The simulated profit split percentage will also default back to the lower profit split percentage of the two accounts. The default will be 80% if neither account was purchased with a promotion for a higher simulated profit split. For example: If you have a 100K 2-Step Simulated Flash Funded Account with a 85% profit split, then merge another 100K 2-Step Simulated Flash Funded Account with an 80% simulated profit split percentage, the newly merged 200K 2-Step Simulated Flash Funded Account will be 80%. A profit split means you are paid based on data which is measured by simulated profit.Please note that once any accounts are merged, they cannot be unmerged. For help with merging together Simulated Flash Funded Accounts, please contact our live support via Live Chat or email at help@myflashfunding.com‍

Can I Merge Accounts?

Payout withdrawal schedule and simulated profit split

Payout Frequency and Virtual Profit SplitThe first payout will be made 14 days after the first trade, and subsequent payouts will be made every 14 days. Payouts will be processed within 24-48 hours.Subsequent withdrawals can be requested 14 days from the date following your previous withdrawal.Traders can withdraw 80% of their simulated profits.PromotionsIf you purchased an account with a special profit promotion, that percentage will be the account's base simulated profit split.i.e. If an account was purchased with a 85% promotion, the account's simulated profit split will remain at 85% for all subsequent withdrawals.Note: A profit split means you are paid based on data which is measured by simulated profit.

Payout Frequency and Virtual Profit Split for the 2-Step & 1-Step Simulated Flash Funded Account?

Scaling plan eligibility and increased simulated profit split to 90% for the 2-Step and 1-Step Flash Challenge

Scaling Plan Overview We have a scaling plan. With our scaling plan you can grow your account to a maximum virtual balance of $2,000,000. ​ In order to scale your capital and grow, you must make 12% virtual profits within a 3 month period. If you achieve this, we will increase your virtual account size by 30% of your initial balance. Review Process Simulated funded accounts are reviewed every 3 months. If a trader has been profitable for at least 2 out of the last 3 months with either (i) an average return of 12% over the 3 month period or (ii) a 4% return each month during the 3 month period, then they become eligible for an account size increase equal to 30% of their original demo account balance. Scaling Plan Example - Three 30% Increases 30% Increase #1 Initial Demo Account Balance: $100,000 simulated funds 30% Increase of Initial Demo Account Balance: $30,000 simulated funds New Demo Account Balance: $130,000 simulated funds 30% Increase #2 Initial Demo Account Balance: $100,000 simulated funds 30% Increase of Initial Demo Account Balance: $30,000 simulated funds New Demo Account Balance: $160,000 simulated funds 30% Increase #3 Initial Demo Account Balance: $100,000 simulated funds 30% Increase of Initial Demo Account Balance: $30,000 simulated funds New Demo Account Balance: $190,000 simulated funds Daily Loss and Maximum Total Loss Scaling The simulated daily loss and maximum total loss amount will also be adjusted in accordance with new initial funding demo balance. This means that when scaling takes place by 30%, the respective simulated daily and maximum drawdowns also scale by 30%. For example: Once a 100K simulated funds Simulated 2-step Account is scaled to 130K, the simulated daily drawdown will also be scaled from $4K (4% of 100K) to $5.2K (4% of 130K), and the overall simulated drawdown will change from $8K (8% of 100K) to $10.4K (8% of 130K). Maximum Simulated Funded Account Balance Potential Traders must make two withdrawals during this 3 month period. The Flash Funded allows these 30% account increases to take the sum of a trader's demo account virtual balances all the way up to $2M virtual currency. For example, if you have two $200k simulated funds demo accounts, you can scale each of them to $1M simulated funds, which is a total of $2M simulated funds and equal to the maximum allowed through the scaling plan.

What is the account size scaling plan for the 2-Step and 1-Step Flash Challenge?

When do I receive my certificate for passing and payouts?You can download all of your certificates directly via our dashboard.Can I leave profits in my account?Yes, you can leave your virtual profits in your account although your drawdown limits will remain based off your initial balance. You can withdraw your virtual profits anytime after your payout day.‍

Certificates and Partial Withdraws

Legal relationship

The relationship between a Flash Trader and MyFlashFunding is based on the Contract Agreement that we will send you for signing after you complete the Evaluation process. The MyFlashFunding Trader Agreement is a legally binding document.

What is the legal relationship with MyFlashFunding and a Flash Trader?

To sign up to become a MyFlashFunding Affiliate, please visit our affiliate registration page: https://dashboard.myflashfunding.com/registration/. Once you are registered, you can visit your Affiliate Dashboard here: https://dashboard.myflashfunding.com/affiliate/. NOTE: The Trading Dashboard and the Affiliate Dashboard are two separate websites. If you have purchased an evaluation account, you will be taken to client.myflashfunding.com for your Trading Dashboard. ​Within the Trading Dashboard sidebar, please select Affiliate to sign up to be an affiliate. At any time, you are able to select Affiliate from the Trading Dashboard sidebar to visit your Affiliate Dashboard.

How To Sign Up To Be An Affiliate

How the MYFF affiliate system works.

Affiliate URL To receive your Affiliate URL, please sign into your Affiliate Dashboard. If you haven't yet signed up to be an affiliate, please review our How To Sign Up article. Once you are signed in, select Affiliate URLs on the sidebar. You can then copy your link and share it with the world! Commission Tiers MyFlashFunding offers the quickest affiliate tier rank-ups in the industry. Along with that, our affiliates can receive up to 15% commission on the sale for all traders who purchase an evaluation using your Affiliate URL. We also allow affiliates to combine their Affiliate URL with any discount/promotion we may be running at the time. For example, if we are running a 10% discount, and a trader purchases an evaluation using your Affiliate URL, you will still receive a commission on the sale. Flash Apprentice: 1-10 Referrals 10% Commission Combine your link with any discount code Flash Legend: 11-50 Referrals 12.5% Commission Combine your link with any discount code Flash King: 51+ Referrals 15% Commission Combine your link with any discount code Payouts Once you've shared your link with the world, and a few traders have purchased an evaluation via your Affiliate URL, you will be eligible for an Affiliate Payout! ​ Rules: The minimum Affiliate Payout is $20. Affiliate Payouts are sent on the last day of each month. To check how much you have earned, please select Statistics and Unpaid Earnings. If your unpaid earnings are above $20, you will automatically be paid on the last day of the month. ​ ​NOTE: For US affiliates, please allow 7 days for the Affiliate Payout to be processed. For international affiliates, please allow up to 14 days for your Affiliate Payout to be processed. Sign Up To Receive Payouts In order to receive your payout, you must sign up for our Payouts Service. Once you are signed into your Affiliate Dashboard, select your Avatar at the top right of the screen and Settings. Once you have done so, you will see Payout settings which is where you will register for payouts. NOTE: If you have not signed up for the Payouts Service, we will be unable to pay your Affiliate Earnings. Please ensure that you have signed up to the Payouts Service to expedite your Affiliate Payout. If your country is ineligible for the Payouts Service, please send proof to billing@myflashfunding.com, and we will manually pay your Affiliate Earnings.

How Does The MYFF Affiliate System Work?

The general rules of MyFlashFunding accounts that are part of giveaways.

MyFlashFunding has given over 3000 giveaway accounts since August of 2023. Across all of our social platforms, we host giveaways almost daily whether it be YouTube videos, TikTok, Twitter, Discord, Facebook, and elsewhere. If you'd like to participate in our giveaways, we highly recommend following our social medias for a chance to win!Rules for a Giveaway Winner:The winner must be able to verify that they completed all rules specific to the giveaway prior to being chosen as the winner. The winner must present a government issued ID to confirm they are at least 18 years of age and live in a country that is accepted by MyFlashFunding. To view the list of restricted countries, please visit this article. You may only win one giveaway every 30 days. If you are chosen twice within 30 days, you may give the giveaway account to a friend.To Claim Your Giveaway Account:Open a ticket on www.myflashfunding.com by selecting the chat icon at the bottom right of the screen. Write in with the following information:- Provide the date of the giveaway- Your username from the platform you won the giveaway from- Proof of ownership (includes proof of account ownership (such as "send us a DM", "send a screenshot of your profile")- Link to the giveaway (X link, FB link, screenshot of communications w affiliate)- Picture of a government issued ID (must verify 18 years of age + residential status within an accepted territory per our FAQ)- Full name- Email address- Desired MetaTrader Platform (MetaTrader 4 or MetaTrader 5)‍

Giveaway Accounts