What Happened to MyFundedFX?
MyFundedFX is closed down as of 6 Feb 2026. MyFundedFX was a Dallas-based forex prop firm led by CEO Matthew Leech. In February 2025 it rebranded as SeacrestFunded to sit alongside Seacrest Markets, a CFD broker licensed in South Africa. At the same time it stopped taking new US customers. On 4 February 2026 Seacrest announced that it was leaving prop trading to focus on its CFD brokerage. All prop accounts and open positions were closed on 6 February 2026.
MyFundedFX at a glance
- Current status
- Closed down
- Launched
- —
- Ceased trading
- 6 Feb 2026
- Old website
- myfundedfx.com
MyFundedFX timeline
| When | What happened | Source |
|---|---|---|
| Feb 2025 | MyFundedFX rebrands as SeacrestFunded, next to the Seacrest Markets CFD brokerage, and indefinitely restricts new US customers | financemagnates.com |
| 4 Feb 2026 | Seacrest announces the end of prop trading and a full move to its CFD brokerage | financemagnates.com |
| 6 Feb 2026 | All prop accounts and open positions are closed | financemagnates.com |
| 28 Feb 2026 | Deadline to request a challenge refund or a final funded payout | financemagnates.com |
Were traders paid?
Traders with active, unbreached challenge accounts could request a full refund until 28 February 2026. Funded traders could request their final payout balance by the same date. Requests were to be processed within 30 days, first come, first served, by crypto or bank wire. Giveaway, breached and inactive accounts were not eligible. We found no public report on how many claims were paid.
Still waiting on money from a closed firm? Save your account statements, payout requests and every message. Look up the legal entity and jurisdiction named in its terms, and rely on official announcements. Third-party “fund recovery” services are a frequent scam.
Live firms to use instead of MyFundedFX
| # | Firm | Score | From | Per $10K | Payouts | |
|---|---|---|---|---|---|---|
| 1 |  FundingPips | 4.5 | $33 | $69.80 | Weekly | Go to site |
| 2 |  FundedNext | 4.4 | $32.99 | $65.99 | On request | Go to site |
| 3 |  The5ers | 4.3 | $22 | $65.80 | Every 14 days | Go to site |
| 4 |  Finotive Funding | 4.3 | $25 | $96.90 | Weekly | Go to site |
| 5 |  Equity Edge | 4.2 | $15 | $57.40 | Every 14 days | Go to site |
| 6 |  Atmos Funded | 4.1 | $28 | $56.70 | On request after 7 profitable days | Go to site |
| 7 |  Hola Prime | 4.1 | $39 | $77.40 | Every 14 days | Go to site |
| 8 |  FXIFY | 4.1 | $19 | $75.80 | Every 10 days | Go to site |
Operating forex firms with no open warnings, sorted by our score. You may also want our list of long-established prop firms and our guide to vetting a firm before paying.
MyFundedFX: common questions
Is MyFundedFX still in business?
No. Our records list it as closed down since 6 Feb 2026, checked on October 5, 2026. MyFundedFX was a Dallas-based forex prop firm led by CEO Matthew Leech.
Were MyFundedFX traders paid?
Traders with active, unbreached challenge accounts could request a full refund until 28 February 2026. Funded traders could request their final payout balance by the same date. Requests were to be processed within 30 days, first come, first served, by crypto or bank wire. Giveaway, breached and inactive accounts were not eligible. We found no public report on how many claims were paid.
Which firms are good alternatives to MyFundedFX?
The top-scoring live forex firms in our data are FundingPips, FundedNext, The5ers.
Where the facts come from
- financemagnates.com: the end of prop trading, the deadlines and refund rules
- financemagnates.com: the 2025 rebrand and the South African broker licence
- fxnewsgroup.com: headquarters, CEO and the US restriction
Last reviewed October 5, 2026. Have more recent news? Let us know. Browse the full list of prop firms that closed.