My Funded Perps: Information and detailed review

What MyFundedPerps is

MyFundedPerps is a perpetual futures prop firm run by Funding Perpetuals Holdings, Inc., a Delaware company built by the team behind My Funded Futures. Its refund policy states that it is a separate company from MyFunded Futures, LLC. The platform opened payouts on September 11, 2026, after a beta in August, so its track record as a perps firm is short; the "$250M+ paid" and "100K+ payouts" figures on its homepage belong to My Funded Futures, not to this product.

Everything is simulated. Prices and order books come from real venues (Hyperliquid, Binance and Bybit for crypto and most markets, Veranta for forex, Ostium for US30 and the session-based versions of SP500 and NAS100), but no order ever reaches an exchange. Funded accounts are also simulated, and the trading disclaimer says there is no pathway to a live account. Approved payouts are real money.

Trading happens in its own web terminal, with nothing to install. The documented catalog lists 117 markets: 63 crypto, 31 stocks (including pre-IPO style listings such as OPENAI, ANTHROPIC and SPCX), 7 indices, 6 forex pairs and 10 commodities. There is no MetaTrader, cTrader or TradingView connection; automation goes through its own API.

The four plans and what really separates them

All plans are 1-Step evaluations with no time limit, no minimum trading days and no consistency rule. Every percentage is calculated on the starting balance, never on current equity. Select, Prime and Signature share the same structure: a 3% daily loss limit, a static maximum drawdown and the same payout terms. They only trade target against room: Select gives the smallest target with the tightest floor, Signature the widest floor with a mid-size target, and Prime sits in between with the highest target.

Elite works differently in five ways:

• Each size is sold with or without a daily loss limit (3% DLL or No DLL). The option cannot be changed after purchase, and the No DLL version costs roughly twice as much.
• Leverage is boosted on five markets: NAS100 and SP500 up to 40x, US30 25x, gold 20x and oil 10x, with total exposure capped at 40 times the starting balance.
• Commission drops to 0.001% on NAS100, SP500, gold and WTI, and the daily swap on NAS100 and SP500 falls to 0.01%.
• Payouts are on demand, and the loss floor never moves after a withdrawal.
• Every Elite purchase includes a reward case whose tier depends on size and DLL option.

The 90/10 profit split is an optional add-on on every plan, including Elite, and can only be bought at checkout. Reduced Fees, available only on Select, Prime and Signature, halves every commission and swap for the life of the account (funded stage included) for 10% of the discounted price with a $10 minimum, so it costs proportionally more on accounts under $100. $1K and $2.5K Select accounts, and a $1K Elite account, exist only as giveaway prizes. The Select ones pay only in store credit, at a 90/10 split.

How the loss rules work

Measured on equity, tick by tick

Both loss limits and the profit target use equity, including open profit or loss. Equity is recalculated every time the valuation price moves, and a momentary touch counts in both directions: touching the target for an instant passes the evaluation, and touching a loss floor for an instant fails the account, even if the price comes straight back. On Binance, Bybit and Hyperliquid markets, open positions are valued at the order book midpoint, which can differ from the venue's published mark price in a fast move. Individual trades and candle wicks are not used, so a wick past your level does not always count.

Commissions, hourly swaps and the liquidation penalty are debited from the balance, so they consume rule headroom exactly like a trading loss. When an account breaches, the platform generates a written explanation that splits the loss into closed trades, fees, swaps and open positions.

Static maximum drawdown and the withdrawal lock

The floor is the starting balance minus the plan's allowance, and it never follows intraday or end-of-day highs. On Select, Prime and Signature, the first withdrawal locks that floor permanently at the starting balance: from then on, equity exactly at the starting balance is allowed, but one dollar below breaches the account. Withdrawing all available profit leaves zero room. The payout form previews the balance, floor and buffer after the request, warns at zero buffer and blocks a request that would leave you below the floor.

Profit left in a Select, Prime or Signature account after a payout becomes a buffer that can never be withdrawn in later cycles. Elite has neither the lock nor that restriction: its floor stays at starting balance minus 5% for life, and profit left in the account can be requested later.

Daily loss limit

The daily floor is start-of-day equity, including open positions, minus 3% of the starting balance. The day resets at midnight New York time, so the UTC hour shifts with daylight saving. Two consequences are easy to miss. If you carry open profit through midnight, that profit raises the new day's floor. And the hourly swap charged at midnight belongs to the day that just ended. A withdrawal never counts as a daily loss: it first uses up the profit made that day, so the floor never drops below where it started.

Passing and getting funded

When equity reaches the target, the evaluation passes automatically and closes all open positions; closing fees or slippage cannot undo the pass. Then come three steps: identity verification with Sumsub, with a government ID and a liveness check (usually minutes, up to 12 hours), a customer agreement signed electronically, and the issue of a separate funded account with its own balance and history. The first real pass earns 15,000 FP points (5,000 on 1K and 2.5K accounts).

Allocation has two separate ceilings:

• Active evaluations: up to $100,000 per plan, counted by original size. Checkout blocks any order that would go over it.
• Funded accounts: up to $100,000 per plan and $300,000 in total, again by original size.

Profits, losses and withdrawals do not change the allocation an account uses. A passed account that would exceed a funded limit does not fail: it waits in Funding Review, which does not guarantee approval. If a funded account fails or closes and the waiting one then fits, it is funded automatically, in the order the agreements were signed.

Funded accounts keep the same loss rules, without a profit target. There is no live stage, no scaling plan and no reset: after a breach you buy a new challenge, and the breach email may include a personal discount code.

Payouts

When you can request

Select, Prime and Signature accounts can submit one request per New York calendar day; the allowance renews at midnight and is not a rolling 24 hours. Elite has no daily limit: a new request can follow as soon as the previous one finishes. In every case the account must be flat, with resting orders cancelled and TWAP or similar orders settled, and only one request can be pending per account. There are no minimum trading days, qualifying days or consistency checks before a payout.

The minimum is $100 of gross profit on Select, Prime and Signature, and 1% of the account size on Elite. The form takes your net share and shows the gross amount that leaves the account: receiving $3,200 at 80/20 deducts $4,000.

Review and delivery

Every request is reviewed, automatically or by staff, and trading on that account is locked until it is decided. Requests submitted between midnight and 9 a.m. Eastern can take a few extra hours, and frequent requests can take longer. A rejected request restores that day's allowance, but a submitted request cannot be cancelled. Trades that break the funded news restriction can have their profit excluded during this review.

Cash goes through Rise, which needs an invitation and account setup from the Payouts panel. You can instead take all or part of a payout as store credit with a 5% bonus. That credit cannot be withdrawn and expires 45 days after it is issued.

Lifetime cap

Total payouts per person are capped at $100,000, counted after the profit split and across every plan. Reaching it means you have graduated: you can no longer buy accounts, but active funded accounts stay open and keep paying out, even past $100,000. Buying new accounts or resets does not restart the count.

Costs beyond the challenge fee

Commission is charged on the full notional of every fill, entry and exit, at the same rate for maker and taker. Leverage does not change the fee; a bigger position does. Instead of venue funding, every open position pays a fixed daily swap split into 24 hourly charges, long or short alike. The funding rates shown in the terminal are informational only. A position closed before the hourly mark skips that charge, and during scheduled closures the charge keeps running on the last closing price. Liquidations add a 0.1% penalty on top of the taker fee, and Reduced Fees does not halve it.

Market orders fill at the best bid or ask, with adverse slippage capped by tiers measured from the mark price. The cap is a worst case, not a fixed cost, and it widens with order size and with lower open interest: from 0.25 basis points on major indices and commodities up to 16 basis points on thin altcoins. Forex on Veranta and the Ostium indices work differently: they fill at the venue's bid or ask plus a charge that grows with order size, and their order book shows only one bid and one ask.

Stop Loss and Take Profit exits fill from the first quote recorded at the moment of the touch. When the spread is wider than the cap, they fill at that bid or ask, which can be far from the midpoint. The documentation warns that this is common in fast markets and on the 24/7 versions of index and commodity markets at night and on weekends. Triggers use the last traded price on Binance, Bybit and Hyperliquid, and the mid price on Veranta and Ostium.

Execution mechanics worth knowing

Positions and orders

Each account holds one net position per market: there is no hedge mode, and an opposite order reduces, closes or flips the position. An account can hold an instrument on only one venue at a time. Limit orders always fill their whole size, exactly at the limit price, and only after the book reaches it on two consecutive checks, so a brief touch does not guarantee a fill. Positions use cross or isolated margin, and liquidation exists, but with these leverage levels the loss floors are usually hit first.

The operating limits are 15 open positions and 20 resting orders per account, a $10 minimum order, at least half a second between orders, and up to 30 orders per minute and 250 per hour. Opening or adding to positions is also capped at $25 million per market in any rolling hour. Order types include market, limit, stop, take, chase, trailing stop, TWAP, VWAP and scaled orders. Index, gold, silver and oil markets can also be sized in mini or micro futures-equivalent contracts. A Max Market Slippage setting, enforced by the server, rejects market orders and closes that would slip beyond your chosen limit.

Trading hours and the weekend

Crypto, gold, and SP500 and NAS100 on Hyperliquid trade around the clock. Forex pairs follow a 24/5 session with a 15-minute daily rollover, and US30 and the Ostium versions of SP500 and NAS100 follow a 23/5 session. On these session markets, every position closes automatically 15 minutes before the Friday close, in both evaluation and funded, and new positions are blocked until the market reopens. Daily breaks and holidays do not close positions, but prices freeze at the last quote and a Stop Loss can fill well past its trigger at the reopening.

Exposure caps

Each market has a cap on open notional, with longs and shorts added together rather than netted. It is shared by all your own accounts of the same plan and size, so two $50K Prime accounts compete for the same allowance in each market. Elite caps apply to each account separately. Orders above the cap are rejected, while reducing or closing is always allowed. Freed capacity returns at the next refresh, about 10 seconds later.

Copy trading and the API

The built-in copy trading only works between your own active accounts: one lead and several followers, with a multiplier from 0.1x to 2x adjusted to each account's starting balance. A funded account cannot follow an evaluation, followers are locked against manual trading, and each follower is checked against its own rules, so its results can differ. When the lead passes, fails or closes, the group stops and the followers' positions are closed. External copy trading, signal services and account managers are banned.

Automation is allowed only through the documented API, which is still in beta, with REST, WebSocket, an MCP server for AI agents and a command-line tool. Each challenge purchase includes 90 days of access to a sandbox with $100,000 paper accounts. Using the website's internal endpoints is not allowed.

Conduct rules and account restrictions

News trading is free during the evaluation. On funded accounts, from 10 to 2 minutes before a high-impact release you cannot add exposure in the affected market, and from 2 minutes before to 2 minutes after you cannot place any manual trade. Positions opened earlier can be held through the release. Earnings announcements count for individual stocks.

The banned list includes cross-account hedging, group or coordinated trading, sacrificial accounts, high-frequency trading, latency arbitrage, trading stale or wrong prices, exploiting execution, platform bugs or loopholes, spoofing, wash trading, quote stuffing and risk-free setups. It also bans "evaluation gambling": buying evaluations again and again to take all-or-nothing trades. The firm reviews the economic substance of trades, not just the symbol, and can remove profits, deny payouts or close accounts with no appeal.

Each person may hold only one platform account; duplicates are closed and their purchases can be lost. VPNs, proxies, datacenter IPs and remote desktops cannot be used to hide your identity or location, and sharing devices with other traders can trigger a review. Purchases are capped at 10 accounts per rolling 24 hours, 25 per 7 days and 50 per 30 days, and a single order can include up to 10 accounts of $5K or $10K, 4 of $25K, 2 of $50K or 1 of $100K. Elite No DLL adds a limit of $250,000 in account size bought per rolling 7 days, and refunded or failed accounts keep counting until their 7 days pass.

Inactivity is strict: an evaluation fails after 30 calendar days without an executed trade, and a funded account closes after 7. Logging in, unfilled orders, holding an open position or a liquidation do not reset the count.

Payments, refunds and extras

Checkout accepts card and crypto. Cards are unavailable for billing addresses in 92 countries, including India, Brazil, Indonesia and Türkiye, where crypto is the only option. A crypto payment must leave at least $16 to pay after store credit. The platform also restricts 31 countries and regions, and Morocco is closed to new registrations.

A refund is possible within 48 hours only if the challenge has had no activity, and opening market data on the account already counts as activity. The refund is the amount paid minus $25.

There is also a rewards layer: FP points from purchases and tasks (they expire after 90 days), reward cases with published drop rates, password drops with mini games, and free competitions with challenge accounts as prizes. Traders can also publish a public profile with selected accounts and download pass, funded and payout certificates, and every closed trade is logged in a built-in journal with R multiples and hold-time tags. Support works through chat and email, with a phone line as a secondary option.

The terms allow MyFundedPerps to change challenge parameters for future purchases only: an active challenge keeps the rules in force when it was activated.

Inconsistencies in its own material

Some blog guides from the September 2026 launch contradict the current documentation and FAQ, which should prevail. They say the profit target is measured on realized balance (today it is equity), that there is no lifetime payout cap (today it is $100,000), that a rejected payout uses up the day's allowance (today it is restored), and that forex trades on Lighter (today it is Veranta). They also show leverage and caps that have since changed.

Who it suits

MyFundedPerps suits traders who want perpetuals across five asset classes in one account, with a static floor, no consistency rule, no time limit and frequent payouts. It is a strong fit for algorithmic traders: the API, the sandbox and the MCP server are rare in this sector. Elite, especially No DLL, appeals to index and gold traders who want high leverage without a daily limit.

It is less suitable for traders who rely on MetaTrader or TradingView, who want to hold forex or US30 over the weekend, or who want to scale beyond $300,000 funded and $100,000 in lifetime payouts. Traders who plan to withdraw all their profit should also be careful on Select, Prime and Signature: after the first payout the floor sits at the starting balance and any loss below it ends the account. Finally, its short history as an independent firm is worth weighing: its strongest record belongs to My Funded Futures, not to this product.