What type of trading challenges does Seacrest Markets require before funding?
💡 Answer
Seacrest Markets’ prop offering is structured around simulated evaluations that lead to a Live Simulated account:
- 1-Step Challenge: One-phase evaluation with a 10% target, 4% daily loss, and a 6% trailing max drawdown model.
- 2-Step Challenge: Two phases (8% then 5% targets), 5% daily loss, and an 8% static max drawdown model.
- 3-Step Challenge: Multi-phase evaluation with published daily/max drawdown rules; phase targets are plan-specific inside the dashboard.
- Live Simulated Accounts: No profit target; traders focus on risk compliance and can request payouts on schedule.
More FAQs about Seacrest Markets
- What are the trading style rules at Seacrest Markets regarding EAs, news trading, weekend trades, and copy trading?
- What payment methods can be used at Seacrest Markets, and are purchases refundable?
- What are the withdrawal conditions at Seacrest Markets, including minimum payout and processing time?
- How is profit shared between the trader and Seacrest Markets at the maximum level?
- What instruments and markets can traders access at Seacrest Markets?
- What leverage levels apply at Seacrest Markets for different asset classes like forex, indices, metals, and crypto?
- Does Seacrest Markets offer multiple trading platforms, and which broker are they connected to?
- How does the trading environment at Seacrest Markets compare in terms of spreads, commissions, and slippage policy?
- What are the trading restrictions at Seacrest Markets, such as prohibited strategies, martingale usage, and lot size limits?
- How does the drawdown system work at Seacrest Markets?
- What are the main risk control rules enforced by Seacrest Markets during evaluations?
- What types of trading programs can traders choose from at Seacrest Markets?
- How large can a funded account be at Seacrest Markets, and is there a scaling plan in place?
- What is Seacrest Markets's Trustpilot rating and total review count right now?
- What are Seacrest Markets's available program types?
- Does Seacrest Markets allow multiple accounts, account merging, and are there any lot size restrictions?
- Is identity verification mandatory at Seacrest Markets, and at which stage does KYC occur?
- Which regions or countries are restricted by Seacrest Markets?
Guides Where Seacrest Markets Is Featured
- Prop Firms Offering Metals Trading
- Prop Firms With Match-Trader Platform
- Prop Firms With Trustpilot rating of 3.2 or higher
- Top Prop Firms That Accept Clients From Barbados
These guides include Seacrest Markets alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
Seacrest Markets vs FunderPro vs Crypto Fund Trader - Prop Firm Comparison (March 2026)
Side-by-side comparison of Seacrest Markets vs FunderPro vs Crypto Fund Trader. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.
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Seacrest Markets
Seacrest Markets (formerly MyFundedFX) is a broker-backed prop evaluation program offering MT5 and Match-Trader simulated challenges with no time limits, up to $400,000 total simulated value across active accounts, 80% profit split on Live Sim accounts (with VIP tiers up...
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FunderPro
FunderPro is a Malta-registered simulated proprietary trading program that offers Pro, Classic, and One-Phase challenges on MT5, cTrader, and TradeLocker. Traders can manage up to $200,000 total funded allocation, earn performance rewards with profit splits up to 90%, and access...
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Crypto Fund Trader
Crypto Fund Trader (CFT) is a Switzerland-based crypto-first evaluation firm operated via SWISS RLCRATES AG that offers 1-phase, 2-phase, Instant and Ascend models with no time limits on standard challenges, trading via MT5, Match Trader and Bybit, simulated allocations up...
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| Overview | |||
| Trustpilot Rating | 3.3 | 0 | 4.4 |
| Trustpilot Reviews | 1 | 0 | 1,106 |
| Headquarters | South Africa | Malta | Switzerland |
| Age (Years) | N/A | 3 | 5 |
| Max Funding | $400,000 | $200,000 | $300,000 |
| Profit Split Start | 80% | 60% | 80% |
| Profit Split Max | 92.75% | 90% | 90% |
| Platforms | mt5 match-trader | MT5 cTrader TradeLocker | MT5 Match-Trader Bybit |
| Assets | FX Metals Indices Energy & Commodities Crypto | Forex Metals Energies US Indices EU Indices Shares Cryptos | Crypto Forex Indices Commodities Stocks |
| Leverage | |||
| FX Leverage | 30 | 100 | 100 |
| Metals Leverage | 10 | 30 | 100 |
| Crypto Leverage | 2 | 2 | 100 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | Maximum Daily LossDaily loss limits depend on plan: 4% (1-Step), 5% (2-Step), 4% (3-Step). | 5 | Maximum Daily LossCrypto Fund Trader calculates daily drawdown based on equity. For standard evaluations, the daily maximum loss is measured from the starting balance at 12:05 AM UTC. CFT lists the default daily limits as 5% on 2-phase evaluations and 4% on 1-phase evaluations.Add-ons may modify certain limits (for example, a 2-phase add-on that increases daily drawdown to 6%). Ascend also adds a specific news window risk constraint (see “News Trading”). |
| Max Total Loss | Maximum Overall Loss6% trailing (1-Step), 8% static (2-Step / 3-Step). | 10 | Maximum Overall LossCFT’s standard evaluation structures use different overall loss models:2-Phase: maximum loss is typically fixed at 10% of initial balance.1-Phase: a 6% trailing drawdown applies (equity-based), and once the account exceeds +6% profit, the trailing line locks at the initial balance instead of continuing to trail upward.3-Phase (if selected): CFT states a 5% fixed maximum loss with a 5% daily max loss.Add-ons may increase max loss limits (e.g., a 2-phase add-on raising max loss to 12%). |
| Drawdown Type | Equity-based (Trailing on 1-Step; Static on 2-Step/3-Step) | Drawdown ModelFunderPro uses a balance-based daily drawdown reset and a fixed maximum drawdown measured from the initial balance (no trailing drawdown). Daily drawdown is calculated from a daily snapshot (5:00 p.m. EST / day start 00:00 GMT+3 server time depending on page context). | Drawdown ModelCrypto Fund Trader’s drawdown enforcement is primarily equity-based. The daily loss limit resets using the account’s starting balance at 12:05 AM UTC. For overall drawdown, CFT uses static/fixed overall loss on 2-phase challenges (e.g., 10% of initial) and a trailing model on 1-phase challenges (6% trailing that later locks at the initial balance after +6% gain).Accounts that breach max daily, max overall, or trailing drawdown are deactivated and the trader is notified by email. |
| Payouts | |||
| Payout Frequency | Payouts every 14 days (VIP tiers faster). | Payout FrequencyOne-Phase & Classic: bi-weekly payouts (every 14 days). Optional “First Reward in 7 Days” add-on allows first payout after 7 days instead of 14.Pro: selectable payout cadence at checkout: Daily payouts (60% split) or Weekly payouts (90% split), eligible once the account is at least 1% in profit vs initial balance. | Payout FrequencyIn the final-stage simulation, scholarship requests can be made after at least 15 trading days, or alternatively every 30 calendar days (if rules were not violated). Certain program variants (e.g., 3-phase rules) note a first request possible after 5 trading days, and an add-on may allow eligibility after 7 active trading days.For Instant accounts, CFT also supports a scale milestone: once the account reaches +10% profit, traders can request a “Withdrawal & Update” to both withdraw and double the account size. |
| Days to First Payout | 14 | 14 | 15 |
| Payout Processing Time | Processing 12–72 hours. | Payout ProcessingFunderPro states rewards are typically processed within 1 working day after approval (average issuing time ~8 hours). | Payout ProcessingCFT states that once a scholarship is requested, its team verifies the information and sends payment within 48 business hours. After the payment is sent, CFT states the user receives the scholarship in no more than 24 hours (timing depends on the payment rail). |
| Payout Methods | Crypto RiseWorks | USDC (direct transfer to wallet) Rise (reward paid to Rise wallet in USD; user can withdraw in preferred fiat/crypto via Rise) | Bank Transfer (EUR USD) Crypto (USDT ERC20 USDT TRC20 BTC ETH) |
| Payments | |||
| Payment Methods | Credit/Debit Card Crypto Apple Pay | Credit/Debit Card Crypto and other available payment options offe | Credit/Debit Card Crypto (11 supported currencies) |
| Trading Permissions | |||
| News Trading | News trading restricted on Live Sim (±3 minutes). | 14 | News trading is allowed on CFT evaluations according to its FAQ. For Ascend evaluations, CFT adds a news-window constraint: within 2 minutes before and after high-impact news or market opening, accounts must not open/add positions or raise maximum theoretical loss above 2% of initial balance. |
| Weekend Trades | Weekend trading allowed. | Payout ProcessingFunderPro advertises an average reward issuing time of 8 hours (after approval). For challenge-fee credits (where applicable), fee credits are processed within 7 days of the first reward withdrawal. | Weekend/overnight holding is generally allowed (CFT states it accepts swing trading strategies and keeping trades open over the weekend). Market availability still follows instrument schedules: crypto trades 24/7 while forex is typically Monday–Friday and other CFDs follow their own market hours. |
| Copy Trading | Copy trading allowed for own strategies only. | FunderPro allows copy trading under strict conditions designed to ensure that all trading activity originates from the trader’s own strategies. Copy trading is permitted only between accounts owned by the same individual (including the trader’s own accounts at other prop firms or retail brokers), while copying from third-party accounts is strictly prohibited and results in a hard breach. Coordinated trading between different traders, the use of rented or mass-distributed EAs, public signal mirroring, or any form of collusion is forbidden,... | CFT does not present a simple “copy trading allowed” rule in its public FAQ. However, it explicitly restricts multi-account coordination through rules such as the reverse trading/hedging constraints, and it states that copy trading between Ascend accounts is prohibited (including coordinated or mirrored behaviour that cannot be attributed to chance). |
| EA Allowed | EAs allowed on MT5 only. | FunderPro allows the use of Expert Advisors (EAs) and automated trading systems across supported platforms such as MT5, cTrader, and TradeLocker. However, traders are strictly required to own the strategy or source code behind any automation used. The use of third-party rented bots, closed “black box” systems, mass-distributed EAs, or automation sourced from public signal groups is prohibited, as FunderPro evaluates individual trading skill and decision-making rather than replicated strategies. | Automation is partially supported: CFT lists categories of prohibited EA types (notably HFT, tick scalping, arbitrage and demo-environment exploitation). EAs that do not fall into these categories are not explicitly banned in the FAQ, but traders remain responsible for ensuring automation complies with all rules. |
| KYC & Restrictions | |||
| KYC Required | Yes | No | No |
| KYC Stage | KYC required at Live Sim stage. | FunderPro requires traders to complete the Know Your Customer (KYC) verification process after passing the Challenge and before signing the funded trader agreement or receiving any payouts. Traders may participate in the Challenge phase without completing KYC; however, verification is mandatory to transition into a funded account. FunderPro advises traders to ensure they can successfully pass the KYC process before purchasing a Challenge to avoid future issues. Once documents are submitted, the verification process typically takes 24–48 hours to complete. | KYC is required as part of the scholarship/withdrawal workflow. After a scholarship request is submitted in the dashboard, CFT states the trader receives a contract to sign and a KYC to complete before funds are sent. (Bybit evaluations may additionally be subject to Bybit’s own KYC rules, which are the trader’s responsibility.) |
| Restricted Countries | Cuba Iran Lebanon Syria North Korea Libya Russia Sudan Somalia South Sudan Vietnam United Arab Emirates Hong Kong Belarus Myanmar Central African Republic Democratic Republic of Congo Congo Ethiopia Nicaragua Venezuela Yemen Philippines Kenya Algeria Morocco United States | Afghanistan Belarus Central African Republic Congo (Democratic Republic of) Cuba Haiti Iran Iraq Libya Mali Myanmar (Burma) North Korea Somalia Sudan South Sudan Syria The Russian Federation Venezuela Yemen Regions of Ukraine: Crimea Donetsk Kherson Luhansk and Zaporizhzhia | N/A |