Who Are Seacrest Funded?
Seacrest Funded, previously MyFundedFX, is a well-known prop firm that uses its own money to trade futures and forex. The company gives traders a chance to use its funds once they pass a skills test. This setup lets traders use their skills without putting down their own money. It suits both new and seasoned traders.
Founded in 2022, Seacrest Funded soon earned a good reputation amongst other prop firms. The company offers a place for traders to show their trading skills in a formal test. After passing, traders get to use company funds to trade many assets like forex, indices, commodities along with cryptocurrencies. Seacrest Funded aims to help traders by supplying needed tools and money to do well in the market.
What Sets Seacrest Funded Apart from Other Prop Trading Firms?
Seacrest Funded distinguishes itself through several key features:
- Profit Sharing Model: Traders start with an 80 % split. This can rise to 100 % if they do well while following rules.
- Evaluation Process: The firm uses a stepwise test process. It begins with a challenge, then checks performance to confirm skills and steadiness.
- Risk Management Support: Seacrest Funded stresses careful trading by setting daily and total loss limits. This keeps traders using risk appropriately.
- Flexible Withdrawal Options: Traders may request payouts as often as every five to fourteen days. They choose from several methods such as bank transfers or cryptocurrency.
- Educational Resources: The firm provides learning material and support to help traders build skills and earn steadily.
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What Are the Options For Funded Accounts?
Seacrest Funded offers several funded account choices for different trading styles, experience levels as well as levels of risk. These account types let traders use money while following set trading rules. Below are the available accounts:
The Evaluation Account is the usual choice for traders who want funding. This account follows a two-step process that checks a trader’s steady performance, discipline next to risk control before giving access to money.
Traders must hit a set profit goal while keeping within strict risk limits, such as daily drawdown and maximum loss limits.
A minimum number of trading days makes sure traders show lasting performance rather than a short burst of luck. There are no time limits for finishing the challenge, so traders can pass at their own pace.
After finishing the Challenge Phase, traders must keep their performance in the Verification Phase. This phase has a lower profit goal than the challenge phase but all risk rules still apply. After the verification phase, traders get a funded account and begin trading with live capital with a profit split.
For traders with experience who want to bypass the evaluation, Seacrest Funded offers a Direct Funding Account. This lets traders use the firm’s money straight away without proving profit through a challenge.
Key Features of Direct Funding Accounts:
- No challenge or verification phase – instant access to a funded account.
- Profit sharing starts immediately, usually at an 80/20 split with most profit going to the trader.
- Traders still follow the firm’s risk rules, such as daily drawdown and maximum loss limits.
- Usually requires a higher fee at the start compared to evaluation accounts.
- Direct funding suits traders who already make money and want to get fast access to capital without a challenge. The higher initial fee makes it better for traders who are sure of their skills.
Seacrest Funded also offers a Scaling Plan, which lets traders increase their account size over time if they show steady profit. This helps traders grow their capital without extra financial risk.
How the Scaling Plan Works:
Traders who meet set profit goals without breaking drawdown limits may qualify for higher account amounts.
- The firm raises the trader’s capital while keeping profit splits good.
- Steady traders may also earn a full 100 % profit split after meeting certain conditions.
- Scaling plans give traders a chance to grow their funds while managing risk carefully.
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Is Getting Funded On Seacrest Funded Realistic?
Traders who show discipline, control risk along with ensure steady profit can become funded with Seacrest Funded. The firm tests traders to spot those who can succeed in live market conditions. Although strict, the process fairly gauges a trader’s abilities. Seacrest Funded also gives learning tools plus support to help traders boost their methods and meet set benchmarks.
What Brokers Does Seacrest Funded Use?
Seacrest Funded works with trusted brokers to give traders good trading platforms. These links offer traders narrow spreads, fast trade execution plus a broad mix of trading instruments. The brokers used might change; traders should check Seacrest Funded’s official communications for the latest details.
What Trading Instruments Do Seacrest Funded Offer?
Seacrest Funded traders use many trading tools:
- Forex: Main, minor or unusual currency pairs.
- Indices: World stock indices for various markets.
- Commodities: Precious metals, energy items or farm goods.
- Cryptocurrencies: Top digital coins such as Bitcoin or Ethereum.
This range helps traders mix their stocks and grab chances in different markets.
What Are the Rules & Restrictions on Seacrest Funded?
To keep an orderly and fair trading space, Seacrest Funded uses a set of rules and limits:
- Daily Drawdown Limit: Traders should not lose more than a set percentage in one day to avoid high risk.
- Maximum Drawdown Limit: A total account loss cap helps secure both the trader’s funds and the firm’s money.
- Trading Days Requirement: The trader may need to trade enough days during evaluations to prove steadiness.
- Prohibited Strategies: Some trading methods, like high frequency or algorithmic trades, face limits to meet the firm’s risk rules.
Traders should review Seacrest Funded’s official guidelines to follow all rules and limits.
What Leverage Can You Use on Seacrest Funded?
Seacrest Funded provides leverage options that balance trading flexibility with risk management. Specific leverage ratios vary by trading instrument or account type; traders receive competitive leverage that meets industry standards. Traders must know how leverage affects their performance because higher leverage can boost profits as well as risks. Seacrest Funded gives traders access to appropriate leverage that supports responsible trading while helping them seize market opportunities.
Seacrest Funded Customer Support and Help
Email: support@seacrestmarkets.io
Social Media Profiles
- Instagram profile has 62.8k followers
- X/Twitter profile has 20.1k followers
- Discord group has 123k followers
- YouTube channel has 31.5k subscribers
Seacrest Funded Trustpilot Reviews
Seacrest Funded has a received great customer feedback from its traders on Trust Pilot. With an overall score of 4.2 out of 5 from 2,226 reviews.
A key aspect of evaluating any proprietary trading firm is assessing customer feedback. Seacrest Funded has received a mix of positive and constructive reviews on platforms such as Trustpilot.
Positive Reviews:
- Fast Payouts – Many traders appreciate the firm’s efficient payout process, with some receiving their withdrawals within days.
- Fair Evaluation Process – The structured challenge and verification phases have been praised for being transparent and achievable.
- Good Trading Conditions – Traders commend the firm for competitive spreads, leverage options, and instrument availability.
Constructive Criticism:
- Strict Rules – Some traders find the daily and maximum drawdown limits challenging, especially for aggressive trading strategies.
- Customer Support Delays – A few reviews mention occasional delays in response times during peak periods.
- Limited Broker Choices – While Seacrest Funded partners with reputable brokers, some traders would like more broker options.
Overall, Seacrest Funded has a strong reputation within the proprietary trading industry, with most traders finding success when following the firm’s guidelines and risk management policies.
Conclusion
Seacrest Funded competes in prop trading by giving traders simple access to funds and a chance to grow their work. With a clear evaluation method, fair profit sharing along with easy-to-follow rules, it serves as another option for those who want to trade without risking their own money. The firm works with trusted forex brokers, many trading tools plus reliable customer service to boost its trust.
For traders who want funding that makes sense and a focus on their needs, Seacrest Funded looks like a good choice. Success rests on a trader’s strict rules, risk control plus skill at handling markets. Before signing up, traders should read the rules and limits to check they match their plan.
FAQ’s
Seacrest Funded is a real firm. It offers funded trading accounts, follows a clear evaluation process, uses reliable payout methods and gets positive trader reviews which builds trust.
The time depends on a trader’s performance in the evaluation. Skilled traders who meet profit targets without rule violations may get funding in a few days or a couple of weeks.
Seacrest Funded bans automated trading systems, expert advisors or bots. Traders must trade manually to follow the firm’s rules.
If a trader breaks a rule, like surpassing daily or maximum drawdown limits, the account may be canceled. The trader must then restart the evaluation or buy a new challenge account.
Payouts use various methods such as bank transfers or cryptocurrencies. A trader may request the first withdrawal after a set period according to the firm’s policies.
The firm offers educational material trading insight next to risk management tips to help traders learn and improve performance.
