My Flash Funding
OVERVIEW
My Flash Funding, headed by CEO Blake Carter, is a U.S.-based proprietary trading firm that has been operational for less than a year. The firm offers trading on the MT4 and MT5 platforms, partnering with ThinkMarkets as its broker. The firm provides account sizes ranging from $10,000 to $200,000, catering to a diverse group of traders. My Flash Funding offers two evaluation phases: 1 Step and 2 Step. Profit targets are set at 10% for the Step 1 evaluation. For the 2 Step Evaluation, the targets are 6% for both Phase 1 and Phase 2. The maximum total drawdown varies from 6% to 8%, depending on the challenge, demonstrating a commitment to risk management. The platform features a variety of trading options, encompassing Forex trading, Indices, as well as Metals and Commodities including gold and oil. Additionally, it offers popular cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH). In terms of leverage, Forex traders can leverage their positions up to 1:100, Indices are offered at a leverage of 1:10, while Gold and other Commodities can be leveraged up to 1:20. Cryptocurrency trading, known for its volatility, is offered at a lower leverage of 1:2.
FinesseFX :
My Flash Funding provides a scaling plan, allowing traders to grow their accounts to reach a maximum virtual balance of $2,000,000. The process involves meeting specific criteria and demonstrating consistent profitability over a defined period. To initiate the scaling process and increase capital, traders need to achieve a minimum of 12% virtual profits within a 3-month timeframe. For instance, let’s consider a trader with an initial virtual balance of $100,000. To meet the scaling criteria, they would need to generate virtual profits totalling at least $12,000 within the specified period. By achieving an average of 4% profit per month over a consecutive 3-month period, My Flash Funding rewards traders by augmenting their virtual account size. The increase amounts to 30% of the trader’s initial balance. For example, if the trader maintains a monthly profit of 4% over the first month, 4% over the second month, and 4% over the third month, their cumulative profit for the 3-month period would be 12%. Consequently, if the trader’s initial account balance was $100,000, with a 30% increase, their account balance rises to $130,000.