PropŞikayet Intelligence Desk · Special Investigation
MyFundedPerps (myfundedperpetuals.com) Investigation Report & Platform Analysis
Delaware-registered simulated B-Book engine, initial payout gateway activated September 11, 2026, 3% intraday daily loss limit against crypto volatility, maximum drawdown locks upon first withdrawal, and two-sided hourly swap bleeding.
1. Corporate Architecture, Recent Launch & Timeline
PropŞikayet Research Desk examined the corporate filings, domain registrations, and launch timeline for MyFundedPerps, confirming the following chronological and corporate realities:
- Brand Genesis and Consolidation: The platform originated under the development name Funding Perpetuals (
fundingperpetuals.com) during closed beta testing, before being integrated with the MyFundedFutures brand ecosystem as MyFundedPerps (myfundedperpetuals.com). - Domain Registration (August 2026): The domain was registered via Cloudflare on August 24, 2026, with authoritative DNS configurations completing on September 3, 2026. The platform is an extremely recent venture operating for less than three weeks.
- Inaugural Payout Activation (September 11, 2026 - Official System Log): According to official technical developer documentation (
docs.myfundedperpetuals.com/guides/challenge-lifecycle/payouts.md), cash payout processing from funded accounts was activated for the very first time on September 11, 2026 at 04:00 UTC. Prior to this date, processing cash withdrawals was technically impossible. - Legal Entity & Domicile: The operating corporate entity is registered as Funding Perpetuals Holdings, Inc. in Delaware, USA. Dispute resolution is governed by Delaware state courts and binding American Arbitration Association (AAA) proceedings.
- Leadership: The operation is steered by Matthew "Matt" Leech and the core team behind futures prop firm My Funded Futures (MFFU) and the shuttered MyFundedFX. Official Discord operations are hosted directly under
discord.gg/myfundedfutures.
2. Technical Infrastructure & Operational Risk Audit
Technical auditing of the platform's backend infrastructure reveals fundamental operational constraints:
- Simulated B-Book Matching Engine: Despite marketing claims emphasizing "real order books," all order flows are simulated. Client trades are never routed to Binance, Bybit, OKX, or decentralized exchanges (DEXs); they execute exclusively inside a proprietary virtual matching pool.
- Mark Price & Reference Feeds: Crypto perpetual futures track centralized exchange index prices, whereas Forex perpetuals rely on pricing feeds supplied by Lighter (an on-chain perpetuals protocol).
- Developer API & Automated Breach Risks: While public REST and WebSocket endpoints are offered via
developers.myfundedperpetuals.comfor algorithmic traders, querying the web app's internal endpoints directly from developer consoles is classified as an intentional breach resulting in forfeiture.
3. Contractual Admissions & Terms of Use Audit
Formal terms of service (Terms of Use) contain explicit admissions outlining trader disadvantage:
| Contract Clause | Documented Language | Trader Risk Impact |
|---|---|---|
| B-Book Internal Pool Admission | "Approved payouts are paid from the Company's own funds, not from real trading gains." | Direct legal admission that the firm does not hedge trades with real liquidity providers; payouts rely entirely on challenge fee collections from other participants. |
| Unilateral Modification | The firm reserves the right to modify evaluation rules, pricing tiers, and payout parameters at its sole discretion without notice. | Enables retroactive tightening of withdrawal requirements once a trader achieves significant profitability. |
| Strict No-Refund Policy | All challenge purchases are final once credentials are generated. Crypto fee payments are non-refundable under any circumstance. | Deprives users paying via cryptocurrency of banking chargeback protections or dispute avenues in case of technical downtime. |
| Delaware AAA Arbitration Shield | All disputes must be submitted to individual AAA arbitration in Delaware, accompanied by a comprehensive class-action waiver. | Renders formal legal recovery economically unfeasible for international retail traders facing denied withdrawals. |
4. Critical Rule Traps & Payout Barriers (Trading Traps)
PropŞikayet Research Desk compiled 8 operational traps documented across official policy manuals:
1. The 3% Daily Loss Trap vs. Crypto Volatility (Intraday Wick Breaches)
In crypto perpetuals, 3% to 10% intraday price swings and liquidity sweeps are regular market events. Yet, Select, Prime, and Signature accounts all enforce a rigid 3% Daily Loss Limit. This threshold is calculated not against closed balance, but against unrealized floating equity in real time. Even with conservative leverage, a standard exchange wick can trigger automatic liquidation within seconds.
2. Permanent Drawdown Lock on First Payout (Buffer Elimination)
During evaluations, accounts permit a static 5% or 6% maximum loss cushion ($95,000 or $94,000 on a $100K account). However, the moment an initial payout is approved, the maximum drawdown line is permanently frozen at the original starting balance ($100,000). If a trader earns $5,000 and withdraws $4,000, the remaining balance is $101,000, but the floor remains $100,000 - leaving a razor-thin $1,000 loss margin. The original 6% buffer is wiped out entirely. Falling to $99,999.99 closes the account permanently, trapping unwithdrawn profits as dead equity.
3. Two-Sided Hourly Swap Bleeding (Hourly Swap Bleed)
Standard crypto market funding rates (where longs pay shorts or vice versa) do not apply. Both Long and Short positions pay fixed hourly swap fees directly to the prop firm. Crypto pairs incur a daily charge of 0.03% (equating to approximately 11% annualized capital erosion). Exchange funding rates displayed in terminals are purely decorative and do not affect balances, silently bleeding swing traders.
4. Global Shared Market Exposure Cap
A platform-wide collective risk ceiling is imposed across all active traders: "Market exposure is the aggregate open notional value across all accounts trading that instrument; it is not an individual trader entitlement." If other participants have saturated the pool on BTC or SOL, your order is rejected for "Quota Exceeded" despite ample margin.
5. News Trading Bait & Switch
News execution is unrestricted throughout evaluations. Yet once funded, opening trades or holding existing positions during the 4-minute window (2 minutes prior to 2 minutes after) surrounding red-folder economic releases (FOMC, US CPI, NFP) is strictly prohibited. Open crypto trades during US macroeconomic prints result in immediate account termination.
6. 7-Day Inactivity Account Termination
While evaluations allow 30 days of inactivity, funded accounts reduce this to 7 calendar days. Failing to place an execution within one week results in immediate forfeiture and total profit confiscation.
7. Artificial Fixed Slippage Tiers
Platform market orders incur systematic negative slippage: buy orders execute above reference price, sell orders below. Lower-liquidity altcoins face up to 16 bps (0.16%) in synthetic adverse execution.
8. Mandatory Trading Freeze During Payout Audits
Upon submitting a payout invoice, all open positions must be terminated and pending orders canceled. Trading is barred until review concludes; submitting an order automatically voids the payout request.
5. Telemetry, Session Recording & User Surveillance
Auditing the platform's privacy disclosures reveals extensive user tracking mechanisms:
- PostHog Session Recording (365-Day Retention): Client mouse movements, click paths, keystrokes, and UI interactions are captured via PostHog and retained on file for 365 days.
- Cookieless Server-Side Fingerprinting: Even when cookies are rejected, IP addresses, browser canvas fingerprints, and network identifiers are logged via Vercel Web Analytics and Cloudflare Web Analytics.
- Shared Hardware and IP Audits: Sharing devices, home routers, or VPN endpoints across multiple accounts triggers compliance investigations and automated closures.
6. Evaluation Models, Pricing & Risk Parameters
MyFundedPerps provides three core evaluation challenge models:
| Model | Profit Target | Static Max DD | Daily Loss Limit | Min Days | Profit Split |
|---|---|---|---|---|---|
| Select | 9% | 3% Static | 3% | None | 80% (Opt. 90%) |
| Prime | 12% | 5% Static | 3% | None | 80% (Opt. 90%) |
| Signature | 10% | 6% Static | 3% | None | 80% (Opt. 90%) |
- Account Sizes: $10,000, $25,000, $50,000, and $100,000 tiers.
- Maximum Allocation: Up to $300,000 aggregate funding ($100,000 max in any single tier).
- Disbursement Rail: Rise contractor payroll system.
- Minimum Payout Hurdle: $100 gross gain.
7. Casino-Style Gamification & Affiliate Machinery
Growth mechanisms and player-retention incentives operating within the platform:
- Casino-Style Reward Crates (Loot Boxes): Affiliate milestones trigger tiered gamification rewards: Silver ($250 volume) unlocks Gold Cases, Gold ($1,000 volume) grants Diamond Cases + 10K Prime accounts, up to Goat tier ($10,000 volume) rewarding 100K challenges.
- 10% Store Credit Retention Bonus: Traders opting to retain profits as platform credits rather than requesting cash disbursements receive a 10% balance bonus, incentivizing capital to remain in-house.
- Cross-Promotional Bundling: Challenge purchases over $100 receive a 25K MyFundedFutures Rapid account, while code
PERPSdelivers 20% discounts. - Regional Credit Card Blockade: Over 92 countries (including Turkey) are restricted from standard credit card gateways, forcing regional traders into non-reversible cryptocurrency transactions.
8. Frequently Asked Questions & Trader Advisory
Essential survival guidelines for traders operating or evaluating MyFundedPerps accounts:
1. Position Sizing to Counter the 3% Daily Loss Trap
Intraday crypto volatility easily produces 3% sweeps in minutes. The moment open floating equity touches -3%, the account is terminated. Limit leverage to 1:2 or 1:3 maximum, and calibrate hard stop-losses no wider than 1.5% portfolio risk.
2. Anticipate the Drawdown Freeze Before Requesting Payouts
Your static drawdown floor locks to the original starting balance upon initial payout. Withdrawing all accumulated profits leaves your account with virtually zero buffer. Build a substantial cushion above your initial equity before initiating transfers.
3. Minimize Overnight Holding Against Hourly Swaps
Both Long and Short trades bleed fixed hourly swap fees to the prop firm. Multi-day swing positions suffer steady capital erosion. Prioritize day-trading execution and close positions within session boundaries.
4. Enforce News Trading Discipline on Funded Tiers
Flatten all open crypto positions at least two minutes before major US macroeconomic prints (FOMC, CPI, NFP). Holding trades through red-folder events on funded tiers triggers immediate breach termination.
9. Final Verdict & PropŞikayet Risk Summary
Desk Verdict
High Risk · Simulated Crypto B-Book & Drawdown TrapMyFundedPerps represents the MyFundedFutures group's foray into crypto perpetuals, operating under a Delaware corporate shell running an admitted internal B-Book matching pool.
- Promotional Features: No minimum trading day hurdles, clean TradingView charting, API support, and 80%-90% profit splits.
- Documented Structural Risks: Brand-new payout rails active only since September 11, 2026, contractual admissions that payouts derive from company funds, a 3% intraday loss limit incompatible with crypto wicks, a drawdown floor lock wiping buffers on first payout, and continuous two-sided hourly swap fees.
Verified Rule Change History
View All Rule Changes Stream →Official rule revisions and contractual adjustments verified by PropŞikayet Research Desk directly from official documentation.