Partnership Status Notice
Seacrest Markets is not currently an active partner with PropFirmScan and has not completed our current verification process. While we maintain this listing for informational and comparison purposes, we cannot offer cashback or guarantee the accuracy of all details.
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Seacrest Markets
Total Paid Out
$56M+
Traders
400K+
Established
2022
Our Review
Seacrest Markets Review 2026: A Prop Firm That Closed Its Doors
Seacrest Markets, formerly known as MyFundedFX (MFFX), was a broker-backed proprietary trading evaluation firm that operated from June 2022 until February 6, 2026. Founded by Matt Leach in Dallas, Texas, the firm distributed over $56 million in payouts to more than 500,000 traders across 190+ countries before pivoting entirely to CFD brokerage under FSCA regulation in South Africa.
Challenge Structure
Seacrest Markets offered three distinct evaluation programs. The 1-Step Challenge required a 10% profit target with...
At a Glance
Trading Rules
Key Numbers
Programs & Pricing
| Program | Size | Fee | Phase 1 | Phase 2 | Daily DD | Total DD | Split |
|---|---|---|---|---|---|---|---|
| 1-Step $5K Challenge | $5,000 | $50 | 10% | — | 4% | 6% | 80% |
| 3-Step $5K Challenge | $5,000 | $40 | 6% | 6% | 4% | 8% | 80% |
| 2-Step $5K Challenge | $5,000 | $50 | 8% | 5% | 5% | 8% | 80% |
| 2-Step $10K Challenge | $10,000 | $100 | 8% | 5% | 5% | 8% | 80% |
| 1-Step $10K Challenge | $10,000 | $100 | 10% | — | 4% | 6% | 80% |
| 3-Step $10K Challenge | $10,000 | $70 | 6% | 6% | 4% | 8% | 80% |
| 2-Step $25K Challenge | $25,000 | $200 | 8% | 5% | 5% | 8% | 80% |
| 1-Step $25K Challenge | $25,000 | $200 | 10% | — | 4% | 6% | 80% |
| 3-Step $25K Challenge | $25,000 | $165 | 6% | 6% | 4% | 8% | 80% |
| 1-Step $50K Challenge | $50,000 | $300 | 10% | — | 4% | 6% | 80% |
| 3-Step $50K Challenge | $50,000 | $250 | 6% | 6% | 4% | 8% | 80% |
| 2-Step $50K Challenge | $50,000 | $300 | 8% | 5% | 5% | 8% | 80% |
| 2-Step $100K Challenge | $100,000 | $500 | 8% | 5% | 5% | 8% | 80% |
| 1-Step $100K Challenge | $100,000 | $500 | 10% | — | 4% | 6% | 80% |
| 3-Step $100K Challenge | $100,000 | $425 | 6% | 6% | 4% | 8% | 80% |
15 programs available
Partnership Status Notice
Seacrest Markets is not currently an active partner with PropFirmScan and has not completed our current verification process. While we maintain this listing for informational and comparison purposes, we cannot offer cashback or guarantee the accuracy of all details.
We recommend exploring our verified active partners who have completed our rigorous vetting process and offer exclusive cashback rewards.
View Active PartnersPayouts
Withdrawal Methods
Payment Methods
Pros & Considerations
Strengths
- Competitive profit splits up to 92.75% — among the highest in the industry
- Fast payouts, often within 24 hours or minutes, with $56M+ total payouts processed since June 2022
- No time limits on challenges, reducing pressure compared to deadline-based firms
- Multiple challenge options: 1-Step, 2-Step, and 3-Step evaluations with sizes from $5K to $300K
- Diverse tradable instruments: 175+ across forex, indices, commodities, energies, and crypto including weekend trading
- Excellent customer support — consistently highest-rated aspect in reviews
- Large active community: Discord 125K+ members, 154K X/Twitter followers, 59K Instagram
- Structured scaling plan to $1M with 25% balance increases and no stricter rules at higher levels
Considerations
- Abrupt shutdown of prop trading operations in February 2026, leaving traders scrambling for refunds
- Frequent rule changes including controversial consistency rule reversed within two weeks after backlash
- Conservative leverage capped at 1:30 forex (lower than competitors at 1:50)
- Multiple rebrandings (MyFundedFX → SeacrestFunded → Seacrest Markets) caused confusion and US client restriction
- Platform instability and forced migrations from MT4/MT5 to DXTrade and MatchTrader
- Limited payment/withdrawal methods — primarily crypto (USDT TRC20) or Riseworks only
- Trustpilot rating suspended for fake reviews and guideline breach
- Unregulated as a prop firm — only the brokerage held a South Africa license
Partnership Status Notice
Seacrest Markets is not currently an active partner with PropFirmScan and has not completed our current verification process. While we maintain this listing for informational and comparison purposes, we cannot offer cashback or guarantee the accuracy of all details.
We recommend exploring our verified active partners who have completed our rigorous vetting process and offer exclusive cashback rewards.
View Active PartnersFrequently Asked Questions About Seacrest Markets
Seacrest Markets Video Review
Partnership Status Notice
Seacrest Markets is not currently an active partner with PropFirmScan and has not completed our current verification process. While we maintain this listing for informational and comparison purposes, we cannot offer cashback or guarantee the accuracy of all details.
We recommend exploring our verified active partners who have completed our rigorous vetting process and offer exclusive cashback rewards.
View Active PartnersPayouts
Withdrawal Methods
Payment Methods