Frequently Asked Questions
If you have any unanswered questions simply email help@myflashfunding.com and we'll aim to reply within 24 hours.
How do I become 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.
What account sizes are available?
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.
How many accounts can I trade?
You 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.
Can I have a free retry?
Due to the fact that there is no simulated time limit, we do not offer free retries. However, if you breach your virtual account, in any step, you will receive a 10% discount to try again!
I have passed the Evaluation program, what is next?
Once completing the final phase objectives, your account will be in the contract and KYC process. This process normally takes up to 2 business days.
You will be notified by email once you pass each stage and automatically sent your new virtual credentials.
You will be notified by email once you pass each stage and automatically sent your new virtual credentials.
How do payouts work?
A trader is eligible for a virtual payout 30 days from their first trade on the Virtual Flash Trader account and then again becomes eligible 7 days after the first trade 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.
All Virtual Flash Traders can request a virtual payouts through their dashboard. The virtual payouts are processed through Deel which offers various payout options including Bank Transfer, Deel Card, Coinbase, Paypal, Payoneer, Revolut, Wise etc.
If you can't use Deel due to your country being restricted, we can send your virtual payout alternatively via other options. Please email billing@myflashfunding.com to request this on your payout day. There's a $100 minimum withdrawal amount.
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.
All Virtual Flash Traders can request a virtual payouts through their dashboard. The virtual payouts are processed through Deel which offers various payout options including Bank Transfer, Deel Card, Coinbase, Paypal, Payoneer, Revolut, Wise etc.
If you can't use Deel due to your country being restricted, we can send your virtual payout alternatively via other options. Please email billing@myflashfunding.com to request this on your payout day. There's a $100 minimum withdrawal amount.
What is the legal relationship with MyFlashFunding and a Flash Trader?
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 happens if I violate a rule or the trading parameters?
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.
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.
Do you have a Traders Dashboard?
Yes, you can view all your simulated trading objectives by logging in.
Are there any countries we cannot trade from?
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:
- Cuba
- Iran
- Kenya
- Lebanon
- Libya
- North Korea
- Pakistan
- Sudan
- Somalia
- Syria
- Russia
- Vietnam
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.
Along with that, to receive profits via Deel, all Flash Traders have to undergo Letsdeel KYC. Here you can see a list of restricted Deel countries:
https://help.letsdeel.com/hc/en-gb/articles/4407737728273-In-which-countries-is-Deel-available
If your country is restricted with Deel, we can send your payout alternatively via other payments. Please email billing@myflashfunding.com to request this on your payout day.
- Cuba
- Iran
- Kenya
- Lebanon
- Libya
- North Korea
- Pakistan
- Sudan
- Somalia
- Syria
- Russia
- Vietnam
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.
Along with that, to receive profits via Deel, all Flash Traders have to undergo Letsdeel KYC. Here you can see a list of restricted Deel countries:
https://help.letsdeel.com/hc/en-gb/articles/4407737728273-In-which-countries-is-Deel-available
If your country is restricted with Deel, we can send your payout alternatively via other payments. Please email billing@myflashfunding.com to request this on your payout day.
What is an Evaluation?
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.
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.
Is the Evaluation Fee refundable?
The Evaluation fee you paid for the account you completed is fully refundable when you receive your first virtual payout. If you fail your Evaluation before reaching your first payout it is not refundable.
Do you have a scaling plan?
Yes, 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.
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.
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.
What is the maximum capital I am allowed?
We allow a maximum of 400k in Virtual Flash Trader accounts per trader or per strategy. This can be merged into one account. For example 2 x 200k Flash Trader accounts merged into 1 x 400k account.
We allow you to scale up to a virtual $2,000,000 with our scaling plan.
We allow you to scale up to a virtual $2,000,000 with our scaling plan.
What payment methods are available?
You can pay for the evaluation via debit/credit card. We also accept payments through the Coinbase platform.
When do I receive my certificate for passing and payouts?
You can download all of your certificates directly via our dashboard.
What is a Prop Firm?
Is there a minimum trading days requirement?
No. You can pass Step 1 and/or Step 2 in as little time as you'd like to become a Virtual Flash Trader.
Are EAs & Trade Copiers allowed?
EAs are allowed. You may use EAs (Expert Advisors) that you setup to suit your own strategy or trading style.
Trade Copiers are allowed.
Trade Copiers are allowed.
What is Virtual Profit Target?
Virtual 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.
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.
What is Simulated Maximum Total Loss?
2 Step Evaluation:
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.
1 Step Evaluation:
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: $10,000
Simulated Maximum Drawdown: 6% of $10,000 = $600
Simulated 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 = $630
Max 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
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.
1 Step Evaluation:
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: $10,000
Simulated Maximum Drawdown: 6% of $10,000 = $600
Simulated 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 = $630
Max 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
Is there a max lot limit?
No, we do not monitor the amount of simulated lots you place.
Other Rules
Cheating Is Prohibited
Of 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 Password
The exact password has to be used which was sent by us via email to access the MetaTrader platform. Changing passwords is not allowed.
Of 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 Password
The exact password has to be used which was sent by us via email to access the MetaTrader platform. Changing passwords is not allowed.
Can I hold overnight & trade over weekends?
We have no restrictions on holding trades over night or the weekend.
We allow the trading over the weekends.
We allow the trading over the weekends.
Is copy trading allowed?
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
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
What is the Simulated Maximum Daily Loss?
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.
Example 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 - $4,000 = $98,000) 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.
Example 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 - $4,000 = $98,000) 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.
What is Profit Split?
Traders are entitled to 80% of the virtual profits generated.
Do you allow Hedging, Martingale and No Stop Loss?
- Hedging is allowed.
- Martingale is allowed.
- Stop Loss is not required.
- Martingale is allowed.
- Stop Loss is not required.
Do you have a consistency/hidden rule?
No, we do not have any consistency rule or and hidden rules.
What instruments can I trade?
You can trade FX, FX Exotics, Indices, Gold & Commodities.
What are your Spreads & Commissions?
All 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
Commission is $7 per lot.
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
Commission is $7 per lot.
How do payouts work?
Once completing phase 2 objectives, your account will be in the contract and KYC process. This process normally takes up to 2 business days.
You will be notified by email once you pass each stage and automatically sent your new simulated credentials.
You will be notified by email once you pass each stage and automatically sent your new simulated credentials.
What leverage do you offer?
- Fx 1:100
- Indices 1:10
- Gold & Commodities 1:20
- Crypto 1:2
- Indices 1:10
- Gold & Commodities 1:20
- Crypto 1:2
Can I change Platform?
MyFlashFunding offers flexibility!
We allow platform changes for evaluation accounts with clear trading history. Ongoing evaluation accounts first have to pass the trading objectives and a new trading platform can be requested for the next phase.
Changing the platform is not possible if trades are placed on the account.
Request a platform change with the account number through help@myflashfunding.com.
We allow platform changes for evaluation accounts with clear trading history. Ongoing evaluation accounts first have to pass the trading objectives and a new trading platform can be requested for the next phase.
Changing the platform is not possible if trades are placed on the account.
Request a platform change with the account number through help@myflashfunding.com.
Who is the Broker?
Our partnered broker is ThinkMarkets.
