My Flash Funding’s one-step evaluation challenge account aims to identify consistent and disciplined traders who are rewarded for their consistency in a one-phase evaluation period. The one-step evaluation challenge account allows you to trade with 1:50. The price range is $97 – $1007.

The one-step evaluation challenge account requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily and 6% maximum trailing loss rules. You are allowed to trade for an unlimited time period. During this time, you are required to reach the profit target and while having no minimum trading day requirements.

By completing the one-step evaluation challenge, you are awarded a funded account where you have no profit targets. You are only required to respect the 4% maximum daily and 6% maximum trailing loss rules. Your first profit split will be 80% based on the profits that you made 30 calendar days after the first position was placed on your funded account. After your first payout, you will start receiving your payouts on a weekly basis.

Account scaling plan

One-step evaluation accounts also have a scaling plan. You are required to reach a profit target of 12% or more within a three-month period. You will receive an account increase of 30% of the original account balance.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $260,000.

After next 3 months: Balance of $260,000 increases to $320,000.

After next 3 months: Balance of $320,000 increases to $380,000.

And so on…

Trading instruments for the one-step evaluation accounts are forex pairs, commodities, indices, and cryptocurrencies.

Account rules

• Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The profit target is 10%. Funded accounts have no profit targets.
• Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 4%.
• Maximum trailing drawdown is the maximum drawdown that is equal to the distance between the highest account balance achieved and the maximum drawdown. All account sizes have a maximum trailing drawdown of 6%.
• Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
• Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Is getting My Flash Funding capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from the two-step evaluation accounts is realistic mostly since they have extremely low profit targets (6% in both evaluation phases) with slightly average maximum loss rules (4% maximum daily and 8% maximum loss). In addition, traders are also provided with an unlimited trading period and no minimum trading day requirements during both evaluation phases, while also having no restrictions on their trading style.

Receiving capital from the one-step evaluation challenge accounts is realistic mostly since they have an average profit target of 10% with average maximum loss rules (4% maximum daily and 6% maximum trailing loss). In addition, traders are also provided with an unlimited trading period, no minimum trading day requirements, and no restrictions on their trading style.

After considering all of that, My Flash Funding is an excellent choice to get funded since you have two different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.

Conclusion

In conclusion, My Flash Funding is a reputable proprietary trading firm that offers traders a chance to choose between two funding programs: one-step and two-step evaluation accounts. In addition, they offer straightforward and relaxed trading rules with an unlimited trading period. In addition, you can also hold trades overnight and during the weekends, while news trading is also allowed, and there are no lot size limitations or other restrictions on your trading style.

The two-step evaluation challenge is an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. My Flash Funding requires traders to reach profit targets of 6% in both evaluation phases before becoming funded which are realistic trading objectives considering you have a 4% maximum daily and 8% maximum loss rules to follow. Keep in mind that you also have an unlimited trading period in both evaluation phases with no minimum trading day requirements. With two-step evaluation programs, you can earn 80% profit splits while also being able to scale your accounts.

One-step evaluation challenge accounts require the completion of one phase before becoming funded and eligible to earn profit splits. My Flash Funding requires traders to reach a profit target of 10% before becoming funded. These are realistic trading objectives considering you have a 4% maximum daily drawdown and 6% maximum trailing drawdown rules to follow. You should also keep in mind that you have an unlimited trading period and no minimum trading day requirements in order to complete the single evaluation phase. With one-step evaluation programs, you can earn 80% profit splits while also being able to scale your accounts.

I would recommend My Flash Funding to any trader who is looking for a legitimate prop firm with straightforward rules and trading objectives. They offer traders excellent conditions for a large pool of individuals with unique trading strategies. After considering everything My Flash Funding has to offer, they are for sure one of the proprietary trading firms within the prop firm industry that we can expect great things from in the future.