MyFundedFX Shut Down in 2026: What Happened and the Alternatives

Macro Guide, 2026

By Ken Chigbo, Founder, KenMacro, UK macro desk.

Find Ken on X @realkenchigbo · YouTube @Realkenchigbo · MACRO MASTERY Discord

Updated 2026-05-25

What actually happened to MyFundedFX

MyFundedFX rebranded to SeacrestFunded to line up with its own broker, Seacrest Markets, which is licensed by the FSCA in South Africa. In early February 2026 the company emailed traders to say it was permanently closing its proprietary forex and CFD trading programmes. The announcement landed on 4 February, all prop accounts and open positions were closed on 6 February with roughly two days of notice, and a wind-down ran to 28 February. During that window, traders with active, unbreached challenge accounts could request refunds through an official form, and funded account holders could request final payouts through the Seacrest dashboard, with refunds stated as processed within 30 days on a first-come, first-served basis. Breached, giveaway and inactive accounts were excluded. The stated reason was a full pivot to the CFD brokerage. The key point for accuracy: this was the company’s own decision to change its business model, not a regulator shutting it down and not a technology provider pulling a licence.

The three names people keep mixing up

Most of the confusion online comes from three similarly named firms being treated as one. MyFundedFX, which became SeacrestFunded, is the forex and CFD prop firm that closed its prop programme in February 2026. MyFunded Futures is a separate, futures-focused firm from the same founder that kept its own brand and continued operating after the closure, so it did not shut down. MyForexFunds is a completely unrelated firm that the US Commodity Futures Trading Commission shut down in 2023 over a fraud case, and reports of a later comeback relate to that firm, not to MyFundedFX. If you remember nothing else, remember that MyFundedFX closing its prop arm is not the same event as the MyForexFunds case, and MyFunded Futures is a different company again.

What is confirmed, and what is only reported

The confirmed facts are the ones above: a voluntary wind-down, the closure dates, and the refund window, all reported in the trade press. Alongside that, a number of secondary write-ups and trader posts have described delays in processing withdrawals and some funded traders left waiting on profits during the wind-down. Those are trader allegations and second-hand summaries, not a regulator finding or a court ruling, so the desk treats them as reported complaints rather than established fact. The honest position is this: MyFundedFX closed its prop business by choice, the refund process had a defined window, and some traders have reported friction getting paid out. There is no basis to call it fraud, and the desk will not. If you are owed money, work the official Seacrest refund and payout channels and keep a record of everything.

What to look for in a prop firm now

When a firm you used disappears, the instinct is to rush into the next one. Slow down and vet it the way the desk does. The single most important signal is a long, unbroken payout record, ideally several years, because a firm that has paid through good and bad market conditions has shown it can. Look for a deep, stable review base rather than a brand-new profile with suspiciously perfect scores. Avoid firms with a history of retroactive rule changes, where the targets or payout splits move against traders after they have paid, which is exactly what sank several firms in 2024 and 2025. Favour firms with fast, transparent withdrawals and, increasingly, a broker-backed model. Firms commonly cited as still operating with real track records include FTMO, Topstep on the futures side, FundedNext and The5ers. The desk’s own referral pick, with the caveats stated plainly, is below.

The desk’s checklist

1. Recover what you are owed. If you held a MyFundedFX or SeacrestFunded account, use the official Seacrest refund form or payout dashboard and keep written records of every request and response. Do not rely on social media threads for the process.
2. Do not confuse the three firms. MyFundedFX (SeacrestFunded) closed its prop arm. MyFunded Futures is separate and continued. MyForexFunds is unrelated and was shut by the CFTC in 2023. Check which firm a piece of news is actually about.
3. Vet the next firm on payout history. Years operating, a deep and stable review base, and a clean record on rule changes matter far more than a flashy challenge discount.
4. Prefer fast, transparent withdrawals. A firm that pays quickly and explains its rules clearly is worth more than one offering the highest split with vague payout terms.
5. Test small before you scale. Pass one small challenge and take a real payout before you commit serious capital to fees. Let the firm prove it pays you specifically.

Frequently asked

Did MyFundedFX shut down?

Yes, but with a precise scope. MyFundedFX, which had rebranded to SeacrestFunded, voluntarily closed its forex and CFD prop trading programmes in February 2026 to focus on its Seacrest Markets brokerage. The closure was announced on 4 February, accounts were closed on 6 February, and a refund window ran to 28 February. It was a business decision, not a regulator ban.

Is MyFundedFX the same as MyForexFunds?

No. MyForexFunds is a separate, unrelated firm that the US CFTC shut down in 2023 over a fraud case. MyFundedFX is a different company that voluntarily wound down its prop programme in 2026. They are often confused because the names are similar, but they are not the same firm.

Did MyFunded Futures shut down too?

No. MyFunded Futures is a separate, futures-focused prop firm from the same founder. It kept its own brand and continued operating after MyFundedFX closed its forex prop arm, so it is not part of the same shutdown.

What are the best prop firm alternatives in 2026?

Look for firms with a real, multi-year payout record and no history of retroactive rule changes. Commonly cited examples include FTMO, Topstep for futures, FundedNext and The5ers. The desk partners with E8 Markets, a US-based firm with a reported payout record, and traders can use code KENMACRO, with the honest caveats on fees and rules laid out in this guide.

Educational analysis only, not financial advice. KenMacro has commercial partnerships with some firms referenced and may earn a commission if you open an account, at no cost to you. Manage risk against your own circumstances.