MyFundedPerps

MyFundedPerps review: MyFundedPerps (myfundedperpetuals.com) is a perpetual futures prop firm built by the team behind My Funded Futures. Traders buy a one-step evaluation, trade perpetual contracts on crypto, stocks, commodities, indices and forex in a simulated account, and receive a simulated funded account once they hit the profit target without breaking the loss limits. Its flagship Elite plan uses a 10% profit target and a 5% static maximum drawdown that never moves, offers a version with no daily loss limit at all, and lets funded traders request payouts at any time. Prop Firm Bridge rates MyFundedPerps 87 / 100, Trusted (PFB Verified).

The firm is owned and operated by Funding Perpetuals Holdings, Inc., doing business as MyFundedPerpetuals, a corporation incorporated in the State of Delaware in the United States (company information on its homepage). Its terms, FAQ and docs are long, specific and consistent on the rules that decide whether a trader passes or gets paid, which is rare for a firm this new and is the main reason it scores well.

Bridge Verdict Preview

MyFundedPerps has a clear, trader-friendly rule set with a known team behind it: static drawdown on every plan, no consistency rule, no minimum trading days, no time limit, on-demand payouts on Elite and a choice of a 3% daily loss limit or none. The score stops short of the top tier because the brand itself is new in 2026 and has no payout record of its own yet, payouts are reviewed by hand, and a $100,000 lifetime payout cap limits how far a successful trader can go.

TL;DR

• Best for: perps traders who want a static drawdown and no consistency rule, and traders who would rather have no daily loss limit (Elite No DLL).
• Biggest strength: the Elite floor never moves, even after payouts, and Elite payouts can be requested at any time with no daily request limit.
• Main thing to understand: everything is simulated (no live stage), payouts are reviewed manually, and lifetime payouts are capped at $100,000 across all accounts.

MyFundedPerps at a Glance

MyFundedPerps Plan Comparison

Independent review verification: The Prop Firm Bridge research team checked this MyFundedPerps review against the firm's homepage, FAQ, Terms of Use and Elite Accounts guide on 18 October 2026. Where the firm's pages disagree, the more specific page is used and the difference is stated. MyFundedPerps has no Prop Firm Bridge code yet.

MyFundedPerps received a 87 out of 100 PFB Score. The rules are among the cleanest in perpetual futures prop trading, the documentation is unusually complete, and the team behind it already runs one of the larger futures prop firms. What holds the score back is that the MyFundedPerps brand itself has no payout history yet, its payouts are reviewed by hand, and a lifetime payout cap puts a ceiling on long-term earnings.

How We Scored MyFundedPerps

Under the PFB Methodology, a firm is rated on four equally weighted areas, each out of 5. The four ratings are averaged and the average is turned into a score out of 100.

Average: 4.35 out of 5, which is 87 out of 100 and inside the Trusted band (67 to 100).

Who This Prop Firm Is For (and Not For)

MyFundedPerps suits traders who already trade perpetual futures, think in terms of equity rather than closed balance, and want rules they can model in advance. The Elite No DLL accounts suit swing traders whose positions can move against them for a day before working; the 3% DLL accounts suit traders who want the lower fee and are comfortable with a daily stop. Systematic traders get a documented API and an MCP server, which few prop firms offer.

It is less suitable for traders who need a long, independent payout history before they buy, traders who plan to earn far more than $100,000 from one firm over their career, and traders in the 30 countries and regions the firm does not serve, including Kenya, Pakistan, the Philippines and Vietnam.

Risk Profile Compared to Industry Standards

The trading rules are better than the industry norm on the points that most often end challenges: the drawdown is static instead of trailing, there is no consistency rule and there is no deadline. The risk that remains is operational: payouts are paid from the company's own funds after a manual review, the brand launched in 2026, and the simulated environment does not reproduce funding-rate swings or liquidation, as the firm itself says in its disclaimer.

Pros & Cons

MyFundedPerps is a prop firm for perpetual futures, the contracts with no expiry date that most crypto trading now happens in. It gives traders a simulated evaluation account, prices it from real exchanges, and funds the traders who reach the target inside the loss limits with a simulated funded account whose profits can be paid out in cash. If you are new to perps, our guide to perpetual futures prop firms explains funding, mark price and liquidation in plain words and compares every firm in this category.

For traders searching MyFundedPerps review, is MyFundedPerps legit, MyFundedPerps rules, MyFundedPerps payout, MyFundedPerps drawdown, MyFundedPerps Elite, My Funded Perps vs My Funded Futures or Funding Perpetuals review, the short version is this: four one-step plans, static drawdown everywhere, no consistency rule, no minimum days and no time limit, an 80/20 split that can be 90/10, and cash payouts through Rise, with a $100,000 lifetime payout cap.

Who Is Behind MyFundedPerps?

The site and its legal pages name the operator as Funding Perpetuals Holdings, Inc., doing business as MyFundedPerpetuals, a Delaware corporation. The homepage and FAQ say the product comes from the team behind My Funded Futures, the futures prop firm that has run a funded-trader programme since 2023. The large payout numbers on the MyFundedPerps homepage ("$250M+ paid out" and "100K+ payouts issued") are labelled as My Funded Futures' track record since 2023. They are the sister firm's figures, not MyFundedPerps' own, and we do not count them as payout history for this brand.

The company name still carries the Funding Perpetuals name, and fundingperpetuals.com forwards to myfundedperpetuals.com. Support is by chat, email ([email protected]) and phone, and the community is the My Funded Futures Discord.

Is MyFundedPerps Real Trading?

No, and the firm says so plainly. All evaluation and funded trading is simulated: prices and order books come from real markets, but orders are never sent to an exchange to open a real position (FAQ). The disclaimer adds that the simulated environment does not reproduce slippage, execution latency, funding-rate fluctuations or liquidation dynamics. Challenge fees buy access to an evaluation, they are not trading deposits, and approved cash payouts are real payments made from the company's own funds (Terms of Use).

This is the same model almost every prop firm uses. What it means for you: your result depends on the firm's simulated fills and its own rules, not on an exchange's matching engine or margin system. That is why the firm's loss limits, fees and payout terms matter far more than the exchange you see quoted on the chart.

Where the Prices Come From

Each market in the terminal shows its source venue. The sources are Hyperliquid, Binance, Bybit and Lighter; the first forex markets, EUR/USD and USD/JPY, are priced from Lighter (FAQ). MyFundedPerps states it is not affiliated with, sponsored by or endorsed by any of these exchanges, and that its accounts do not interact with any real account, order book or funds on them (homepage disclosures).

The markets page lists hundreds of perpetual pairs across crypto, stocks, commodities, forex and indices. Crypto trades around the clock. Other instruments can have scheduled closures, and on 23/5 markets weekend holding is not allowed: open positions are closed automatically 15 minutes before the Friday close.

MyFundedPerps Plans and Rules

All four plans are one-step evaluations. Profit targets and loss limits are measured on equity, including open profit and loss, and percentages are of the starting balance. When equity reaches the target, the evaluation passes automatically and open positions are closed for you, so closing fees or slippage cannot undo a pass (FAQ).

Select

Select has a 9% profit target, a 3% daily loss limit and a 3% static maximum drawdown, in $10,000, $25,000, $50,000 and $100,000 sizes. On a $100,000 account the maximum loss floor starts at $97,000. With the target and the floor this close together, Select rewards traders with very tight risk.

Prime

Prime has a 12% profit target, a 3% daily loss limit and a 5% static maximum drawdown, in the same four sizes. The floor on a $100,000 account starts at $95,000.

Signature

Signature has a 10% profit target, a 3% daily loss limit and the widest room, a 6% static maximum drawdown, in the same four sizes. The floor on a $100,000 account starts at $94,000.

Elite

Elite has a 10% profit target and a 5% static maximum drawdown in $5,000, $10,000, $25,000 and $50,000 sizes, and every size comes in two versions: 3% DLL, with a 3% daily loss limit and a lower price, or No DLL, with no daily loss limit at all. The choice is part of the account and cannot be changed after purchase (Elite Accounts guide).

MyFundedPerps Prices

The firm publishes Elite list prices in its docs. Checkout shows the current price and any discount before you pay, and the homepage showed sale prices on Elite cards when we checked, so the price you pay can be lower than these list prices.

Select, Prime and Signature prices are shown only in the challenge selector and at checkout; they are not published on a page we could check, so we do not list them. One order can hold up to 10 Elite accounts at $5K or $10K, 4 at $25K or 2 at $50K, all of the same size and option. Fees are one-time charges, and refunds are possible only within 48 hours of purchase if the account has had no trading activity (including opening market data), minus a $25 fee (refund policy in the FAQ).

Which Elite Version Is Better Value?

No DLL costs roughly 80% more than 3% DLL at every size ($89 against $49 on $5K, $889 against $495 on $50K). What you buy with the difference is the freedom to have a bad day: on a 3% DLL $25K account, an open loss of $750 from the day's starting equity fails the account, while on No DLL the only line is the static floor at $23,750. A trader who holds positions through volatile sessions, or who scales into a position in several entries, gets more from No DLL. A trader whose normal day never comes close to 3% gets the same rules for less with 3% DLL.

Static Drawdown on MyFundedPerps, With Numbers

Every MyFundedPerps plan uses a static maximum loss floor: starting balance minus the plan's drawdown. It does not follow intraday or end-of-day highs. On a $100,000 Prime account the floor starts at $95,000; if equity grows to $110,000 the floor is still $95,000, so you now have $15,000 of room instead of $5,000.

What happens after the first payout differs by plan. On Select, Prime and Signature, the first funded withdrawal locks the floor permanently at the starting balance: on that Prime account the floor becomes $100,000 and never moves again. Equity exactly at the locked floor is allowed; below it, the account breaches. On Elite the floor never moves at all, however many payouts you take (FAQ). That is the single biggest structural advantage of Elite: you can withdraw every dollar of profit and still have the full original 5% of room below you.

The firm gives its own example: receiving $3,200 at an 80/20 split deducts $4,000 gross from the account, and withdrawing all $4,000 of profit leaves no buffer above a locked floor on Select, Prime or Signature. The Payouts panel shows the balance after the payout before you confirm.

The 3% Daily Loss Limit, With Numbers

Where it applies, the daily allowance is 3% of the starting balance, measured from the day's starting equity including open profit and loss. The trading day resets at midnight New York time, which is 04:00 UTC in summer and 05:00 UTC in winter. On a $100,000 account the allowance is $3,000; if the day starts with equity at $102,000, that day's floor is $99,000. Reaching the floor fails the account, and a new day does not reopen it.

Because the reference is start-of-day equity including open positions, a position carried into a new day with a large open profit raises that day's floor. If the profit then disappears, the account can breach the daily limit without a single new loss. Close or reduce positions before the New York midnight reset if you do not want an open profit to become the next day's reference.

Leverage and Exposure

The order ticket shows the leverage available on each market, and market caps, your own leverage setting, account limits, available collateral and existing exposure can each reduce what an order may do. Exposure caps limit the combined open notional on a market across accounts in the same plan and size group; on Elite each account has its own caps.

Elite gets boosted leverage on a few markets: 40x on NAS100 and SP500, 25x on US30, 20x on gold and 10x on oil, with the account's total exposure across all markets capped at 40 times its starting balance. Every other market keeps its normal maximum (Elite Accounts guide). High leverage is permission, not advice: at 40x, a 0.5% move against a full-size index position equals 20% of the starting balance, four times the Elite maximum loss.

Fees: Commission and Hourly Swap

MyFundedPerps charges a commission on every fill, entry and exit, on the full position value: 0.03% for crypto, 0.0025% for forex and 0.005% for stocks, commodities and indices. Maker and taker rates are the same. The firm's example: a $10,000 crypto entry costs $3 and the exit another $3, $6 in total. Leverage does not change the fee on the same fill (FAQ).

Open positions also pay an hourly swap fee, long and short alike, at one twenty-fourth of the daily rate on the position's notional at the mark price. The funding rates of the source exchanges shown in the terminal are for information only: they do not change your balance. That is an important difference from trading perps on an exchange, where funding can pay you or charge you depending on your side. Here, holding costs are a fixed, predictable charge.

Elite accounts pay less on four markets: commission is 0.001% per fill on NAS100, SP500, gold and WTI oil (instead of 0.005%), and the daily swap rate on NAS100 and SP500 is 0.01% instead of 0.015%. On a $10,000 index position that is $0.10 commission instead of $0.50, and $1.00 of swap over 24 hours instead of $1.50 (Elite Accounts guide).

A Worked Cost Example

Say you trade a $20,000 BTC position on a $10,000 account and close it the same day. Commission is 0.03% on entry and exit: $6 + $6 = $12. That is 0.12% of the account and 1.2% of a 10% profit target, before any swap. A strategy that trades this size ten times a day pays about $120 in commission a day, which shows why high-frequency scalping is expensive here even before the firm's ban on HFT.

MyFundedPerps Payouts

How Often You Can Get Paid

Elite funded accounts can request a payout at any time, with no daily request limit, for all available profit above the minimum. Select, Prime and Signature funded accounts can submit one request per New York calendar day; the allowance resets at midnight New York time and is not a rolling 24 hours. There are no minimum trading days, no qualifying days and no consistency gate before a payout on any plan (FAQ).

Minimums

Select, Prime and Signature need at least $100 of gross profit in the current cycle ($80 to you at 80/20, $90 at 90/10). Elite minimums depend on size: $50 on $5K, $100 on $10K, $250 on $25K and $500 on $50K. The homepage summary says "$100 available to withdraw" for all models; the FAQ and the Elite guide give the per-size Elite minimums above, and we use those as the more specific source.

Before You Request

The account must be active with no pending payout. Close every position, cancel resting orders and let working orders settle. A pending request locks trading on that account until it is decided, so plan payouts for a quiet moment.

How You Are Paid

Cash payouts go through Rise, which you connect in the Payouts panel. You can also take store credit, which gets a 10% boost ($100 becomes $110 of credit), or split a payout between the two. Store credit cannot be withdrawn as cash and expires after 45 days. Every payout request is reviewed manually, and the firm says review and delivery can take longer than the daily request window. We count manual review as a deduction in the payout rating: it is normal in the industry, but it is not the instant, code-enforced payout some on-chain perps firms offer.

The $100,000 Lifetime Payout Cap

MyFundedPerps caps lifetime payouts at $100,000 across your whole account, every plan included, counted on the amount you receive after the split. Buying or resetting accounts does not reset it. Once you reach it you have "graduated": you can no longer buy new accounts, but your active funded accounts are not closed and you can keep trading and withdrawing from them, even past $100,000 (FAQ). For most traders the cap will never matter; for a consistently profitable trader it is the firm's way of limiting its exposure, and it is a reason this firm does not score higher.

Funded Allocation

You can hold up to $300,000 of active funded allocation in total, with at most $100,000 per plan type (Select, Prime, Signature and Elite). Two $50,000 accounts use a plan's full allowance; on Elite, any mix of sizes up to $100,000 counts, such as 20 × $5K or 2 × $50K. A passed account that would go over either limit enters Funding Review, which does not guarantee funding. There is no live stage: Elite accounts stay Sim Funded.

News, Weekends and Inactivity

During the evaluation there are no news restrictions. On funded accounts, around every high-impact release (FOMC, CPI, PPI, Non-Farm Payrolls, GDP, retail sales, employment reports, PCE, and ECB, BOE and BOJ rate decisions, plus any other red-folder event on the firm's calendar): from 10 to 2 minutes before, no new exposure; from 2 minutes before to 2 minutes after, no manual trades of any kind. A position opened more than 10 minutes before can be held through the release. Earnings announcements are restricted for individual stocks and equity perpetuals (FAQ).

Weekend holding is allowed on 24/7 markets such as crypto. The Terms of Use require at least one executed trade every 30 days on an evaluation and every 7 days on a funded account; otherwise the evaluation fails or the funded account closes, and holding an open position does not count (Terms of Use). The 7-day rule is easy to miss if you swing trade or take a week off.

Bots, API and Copy Trading

Automated trading is allowed only through the firm's documented API: a REST API, a WebSocket account stream and an MCP server, with a sandbox account to test on. Calling the website's internal endpoints is not allowed, and automation does not exempt you from any rule: high-frequency trading, latency arbitrage, quote stuffing and other exploitative strategies are prohibited whether a bot or a person runs them.

The built-in Copy Trading feature lets you lead and follow between your own eligible accounts under one login, with each follower checked independently. Account sharing, account-passing services and cross-account hedging are prohibited, and the firm can judge hedges by their economic effect, not just the symbol traded.

KYC, Countries and Payment

Identity verification through Sumsub happens after you pass, before the funded account is issued, and you must be at least 18. The platform does not serve 30 countries and regions, including Afghanistan, Belarus, Cuba, Iran, Iraq, Kenya, Cambodia, North Korea, Myanmar, the Philippines, Pakistan, Russia, Taiwan, Ukraine, Uzbekistan, Venezuela and Vietnam. Card payments are not available in a separate list of 92 countries, including India, Indonesia, Malaysia, Bangladesh, Brazil and Egypt; traders there who are otherwise eligible pay with cryptocurrency (FAQ). VPNs and location masking to get around these lists are prohibited.

MyFundedPerps vs My Funded Futures

They share a team, not a product. My Funded Futures funds CME futures traders and has a long payout record; MyFundedPerps funds perpetual futures traders on crypto and other assets, in a separate company with its own terms, plans and lifetime cap. A trader's history at one does not carry over to the other.

MyFundedPerps vs Other Perps Prop Firms

Compared with the on-chain perps firms we list, MyFundedPerps offers fuller documentation and a known team, while firms like HyperPNL and Hypernova pay through smart contracts from a public reserve rather than after a manual review. Compared with exchange-connected firms like HyroTrader, MyFundedPerps prices from several venues inside its own terminal instead of connecting to your own exchange demo account. Our perpetual futures prop firms comparison puts every firm side by side.

Voice Search: Direct MyFundedPerps Answers

"Is MyFundedPerps legit?"

Prop Firm Bridge rates MyFundedPerps 87/100, Trusted. It is a Delaware company from the My Funded Futures team with detailed public rules; the brand is new and has no payout record of its own yet.

"What are the MyFundedPerps Elite rules?"

A 10% profit target, a 5% static maximum drawdown that never moves, and either a 3% daily loss limit or none, with no consistency rule, minimum days or time limit.

"Does MyFundedPerps have a consistency rule?"

No. None of the four plans has a consistency rule.

"How does MyFundedPerps pay?"

Cash through Rise, store credit with a 10% boost, or a split, after a manual review.

"Is MyFundedPerps drawdown trailing?"

No. Every plan uses a static maximum drawdown.

Common MyFundedPerps Mistakes

Forgetting the 7-day funded inactivity rule

An open position does not count. Place at least one executed trade every 7 days on a funded account.

Carrying a large open profit over New York midnight

The day's starting equity, open profit included, becomes the daily-loss reference on 3% DLL plans.

Using full boosted leverage on indices

At 40x, small index moves are large account moves. Size by the dollars you can lose, not by the leverage cap.

Taking all profit on Select, Prime or Signature

After the first payout the floor locks at the starting balance; withdrawing everything leaves no buffer.

Final Buying Checklist for MyFundedPerps

Before paying, confirm that your country is served and how you can pay, the plan, size and DLL option, the profit split option (it cannot be added later), the final checkout price, the payout minimum for your size, the funded news windows, the 7-day funded inactivity rule and the $100,000 lifetime cap. Read the current Terms of Use, because the rules described here are the ones published on 18 October 2026.

Conclusion

MyFundedPerps brings a futures-prop-firm level of rule clarity to perpetual futures: static drawdown, no consistency rule, no deadlines, a no-daily-loss option and on-demand Elite payouts. It earns 87/100, Trusted, from rules and documentation that are among the best in the category and a team with a record elsewhere. It does not score higher yet because the brand's own payout record starts now, payouts are reviewed by hand and lifetime payouts are capped at $100,000.