My Funded Perps is the new perpetual futures prop firm from the team behind My Funded Futures. It lets you trade 118 markets, from Bitcoin and altcoins to stocks, indices, gold and forex, 24/7 on its own web platform.
Its 4 plans are all 1-step evaluations with static drawdown and no consistency rule, but they’re built for very different traders. Select is the cheapest way in, but the hardest to pass. Signature is the easiest to pass of any plan. And Elite costs the most for its drawdown, but has the best funded rules, with unlimited daily payouts and fully static drawdown that never moves, even after payouts.
In this My Funded Perps review, we’ll break down the Select, Prime, Signature and Elite plans side by side, covering every rule, requirement and payout condition, so you can pick the right account before you buy.
My Funded Perps: The Prop Journalist's Verdict
My Funded Perps is a perpetual futures prop firm launched in September 2026 by the team behind My Funded Futures. It has paid out more than $1m in total, and nearly $500k in the past 7 days alone. Select is the cheapest entry but the hardest to pass. Elite is the most expensive per dollar of drawdown, but has the best rules, with unlimited daily payouts and a drawdown that doesn't move after a payout. Prime is a balanced plan, but it's outclassed by Signature, which is the easiest plan to pass at My Funded Perps.
Pros
- Static drawdown on every plan
- No consistency rule and no minimum trading days on any plan
- Payouts every day, or unlimited times per day on Elite
- 118 markets traded 24/7, including crypto, stocks, indices, gold and forex
- Built-in copy trading and a documented API for automated trading
Cons
- $100,000 lifetime payout cap per trader, across all accounts
- Drawdown locks at the starting balance after the first payout on Select, Prime and Signature
- Select's 3% drawdown against a 9% target is very hard to pass
- 3% daily loss limit on every plan except Elite No DLL
- Funded accounts close after 7 days without a trade
- Payout Reliability9
- Challenge Rules7
- Trading Conditions8
- Value For Money8
- Platform & Ecosystem9
My Funded Perps Firm Overview
 Location | 🇺🇸 Delaware, United States |
 Year Founded | 2026 |
 Owner | Matthew Graham Leech |
 Trading Platforms | MyFundedPerps Web PlatformAPI |
 Instrument Type | Perpetual Futures |
 Trading Assets | CryptoStocksIndicesCommoditiesForex |
 Leverage | Up to 1:50 |
 Commissions | Up to 0.03% per fill |
 Maximum Allocation | $300k Funded ($100k per Plan)$100k Active Evaluations per Plan |
 Payment Methods |  Card Crypto |
 Payout Methods |  RiseStore Credit |
 Payout Frequency | DailyOn Demand |
 Total Payouts | $1+ million |
My Funded Perps is owned by Funding Perpetuals Holdings, Inc., a Delaware corporation, and is ran by the team at My Funded Futures. All trading is simulated, with prices taken from Hyperliquid, Binance, Bybit and Veranta, on the firm’s own web platform. Payouts are sent through Rise, or as store credit.
Now, let’s break down My Funded Perps’ challenges.
My Funded Perps Challenges
My Funded Perps offers 4 different account plans, all 1-step evaluations:
- Select: a 9% target with 3% static drawdown and a 3% daily loss limit. The cheapest plan, but the hardest to pass.
- Prime: a 12% target with 5% static drawdown and a 3% daily loss limit.
- Signature: a 10% target with 6% static drawdown and a 3% daily loss limit. The easiest plan to pass.
- Elite: a 10% target with 5% static drawdown, and a choice of a 3% daily loss limit or none. Funded Elite accounts can request payouts any time, and the drawdown never moves.
Prices include the 25% discount with code TPJ, and all are one-time fees. A 90% profit split upgrade is available at checkout on every plan. A Reduced Fees add-on, which halves commissions and swap fees, costs 10% of the challenge price (minimum $10) on Select, Prime and Signature. There are no resets, so a failed account has to be bought again. Check our prop firm discount codes for the latest My Funded Perps deal.
Now let’s look at My Funded Perps’ plans in depth.
Select Challenge
| Stage | Profit Target | Max Drawdown STATIC | Daily Drawdown EQUITY |
|---|---|---|---|
| Phase 1 | 9% | 3% | 3% |
Highlights
- Cheapest entry
- Static maximum drawdown
- No consistency rule
- Daily payouts
Trade-offs
- Very low 3% maximum drawdown
- Large 9% profit target relative to drawdown
- Drawdown locks at starting balance after first payout
 Profit Split | Up to 90% |
| Maximum Leverage | Up to 1:50 |
| Time Limits | Unlimited |
 Minimum Trading Days | 0 |
 News Trading | ✓ Allowed During Challenge✗ Not Allowed On Funded Account (±2 min Restricted Window) |
 Weekend Holding | ✗ Not Allowed |
 Payout Frequency | Daily |
Challenge Pricing
Select is the cheapest way into My Funded Perps, and it’s cheap per dollar of drawdown too. The $100k gives you $3,000 of True Backing (the real amount you can lose before the account fails) for $270, or $90 per $1,000.
But the drawdown is tiny relative to the target. You need to make 9% while only being allowed to lose 3%, a 1:3 drawdown to profit target ratio. That’s the hardest ratio at My Funded Perps, and one of the hardest in the industry. The 3% daily loss limit is also the same size as the maximum drawdown.
Select is the cheapest entry, but the hardest plan to pass. With 3% drawdown and a 9% target, most traders will need several attempts, which quickly cancels out the low price.
Prime Challenge
| Stage | Profit Target | Max Drawdown STATIC | Daily Drawdown EQUITY |
|---|---|---|---|
| Phase 1 | 12% | 5% | 3% |
Highlights
- Cheapest drawdown per dollar at My Funded Perps
- Static maximum drawdown
- No consistency rule
- Daily payouts
Trade-offs
- High 12% profit target
- Drawdown locks at starting balance after first payout
- Outclassed by Signature
| Profit Split | Up to 90% |
| Maximum Leverage | Up to 1:50 |
| Time Limits | Unlimited |
| Minimum Trading Days | 0 |
| News Trading | ✓ Allowed During Challenge✗ Not Allowed On Funded Account (±2 min Restricted Window) |
| Weekend Holding | ✗ Not Allowed |
| Payout Frequency | Daily |
Challenge Pricing
Prime is the middle option. It gives you more drawdown than Select, and the cheapest True Backing at the firm: the $100k costs $446 for $5,000 of drawdown, or $89 per $1,000.
The cost is the target. At 12%, it’s the highest at My Funded Perps, giving Prime a 1:2.4 drawdown to profit target ratio. That’s easier than Select, but still harder than most 1-step challenges.
Prime is a balanced plan, but it’s outclassed by Signature. For around 17% more per dollar of drawdown, Signature gives you a lower target and more drawdown, which makes it far easier to pass.
Signature Challenge
| Stage | Profit Target | Max Drawdown STATIC | Daily Drawdown EQUITY |
|---|---|---|---|
| Phase 1 | 10% | 6% | 3% |
Highlights
- Easiest plan to pass
- Large 6% static maximum drawdown
- No consistency rule
- Daily payouts
Trade-offs
- Higher price than Select and Prime
- Drawdown locks at starting balance after first payout
| Profit Split | Up to 90% |
| Maximum Leverage | Up to 1:50 |
| Time Limits | Unlimited |
| Minimum Trading Days | 0 |
| News Trading | ✓ Allowed During Challenge✗ Not Allowed On Funded Account (±2 min Restricted Window) |
| Weekend Holding | ✗ Not Allowed |
| Payout Frequency | Daily |
Challenge Pricing
Signature has the best rules of the 3 standard plans. Its 10% target against 6% drawdown is a 1:1.67 drawdown to profit target ratio, by far the easiest at My Funded Perps. Compared with Prime, you need to make 2% less while being allowed to lose 1% more.
It costs more, but not by much for what you get. The $100k is $629 for $6,000 of True Backing, or about $105 per $1,000, compared with $89 on Prime. With a static drawdown and no consistency rule, it’s one of the more forgiving 1-steps available.
Signature is the easiest challenge to pass at My Funded Perps. The extra cost over Prime is small compared with how much easier it is to pass.
Elite Challenge
| Stage | Profit Target | Max Drawdown STATIC | Daily Drawdown EQUITY |
|---|---|---|---|
| Phase 1 | 10% | 5% | 3% |
Highlights
- Unlimited on-demand payouts
- Drawdown never moves after payouts
- Static maximum drawdown
- No consistency rule
- Up to 40x leverage on indices
Trade-offs
- Most expensive per dollar of drawdown
- Only up to $50k
- Minimum payout of 1% of account size
| Profit Split | Up to 90% |
| Maximum Leverage | Up to 1:50 |
| Time Limits | Unlimited |
| Minimum Trading Days | 0 |
| News Trading | ✓ Allowed During Challenge✗ Not Allowed On Funded Account (±2 min Restricted Window) |
| Weekend Holding | ✗ Not Allowed |
| Payout Frequency | On-demand |
Challenge Pricing
Elite costs more for its drawdown than Select, Prime or Signature. The $50k costs $371 for $2,500 of True Backing, or about $148 per $1,000, compared with $105 on Signature. The 10% target against 5% static drawdown is a 1:2 drawdown to profit target ratio, so it’s also harder to pass than Signature.
But the funded account is the best at the firm. On Select, Prime and Signature, the drawdown locks at your starting balance when you take your first payout, so withdrawing all your profit leaves you no room for a losing trade. On Elite, the drawdown stays 5% below your starting balance for the life of the account, so each payout simply takes you back to your original cushion.
Elite also has no daily payout limit. You can request as often as you like, as long as you’re flat and your last request has finished, with a minimum of 1% of the account size. It also gets the best trading conditions, with up to 40x leverage on NAS100 and SP500, 25x on US30, 20x on gold and 10x on oil, and reduced commissions on those markets.
Elite costs more than the standard plans, but it has the best rules at My Funded Perps. If you plan to take regular payouts, a drawdown that never moves is worth the higher price.
Elite No DLL Challenge
| Stage | Profit Target | Max Drawdown STATIC |
|---|---|---|
| Phase 1 | 10% | 5% |
Highlights
- No daily loss limit
- Unlimited on-demand payouts
- Drawdown never moves after payouts
- No consistency rule
Trade-offs
- Nearly double the price of Elite with 3% DLL
- Only up to $50k
- $250k weekly purchase limit
| Profit Split | Up to 90% |
| Maximum Leverage | Up to 1:50 |
| Time Limits | Unlimited |
| Minimum Trading Days | 0 |
| News Trading | ✓ Allowed During Challenge✗ Not Allowed On Funded Account (±2 min Restricted Window) |
| Weekend Holding | ✗ Not Allowed |
| Payout Frequency | On-demand |
Challenge Pricing
Elite No DLL has exactly the same rules as Elite, with one difference: there’s no daily loss limit. Your only risk rule is the 5% static drawdown, so a bad day only fails the account if it takes you through the overall floor.
That freedom comes at a high price. The $50k costs $723, nearly double the $371 Elite with the daily loss limit, which works out at about $289 per $1,000 of True Backing. That makes Elite No DLL the most expensive plan at My Funded Perps by a wide margin. There’s also a $250k limit on how much No DLL account size you can buy in any 7 days.
The daily loss limit on standard Elite is 3%, more than half of the 5% maximum drawdown, so it only affects traders who regularly lose more than 3% in a day.
Elite No DLL is only worth it if your strategy needs room for large intraday swings. For most traders, standard Elite has the same funded advantages for around half the price.
My Funded Perps Drawdown Rules
Every My Funded Perps plan uses a static maximum drawdown, and every rule is measured on equity, including open positions. Percentages are always based on your starting balance.
Maximum Drawdown
Static
The drawdown floor is your starting balance minus the plan’s drawdown, and it doesn’t trail profits during the day or at the end of the day. On a $100k Signature account, the floor is $94,000. If your equity grows to $108,000, the floor stays at $94,000.
Lock After First Payout
On Select, Prime and Signature, the floor locks permanently at your starting balance the moment your first payout is approved. On that $100k Signature account, the floor moves from $94,000 to $100,000. If you withdraw all your profit, you have no room left for a losing trade, so any profit you leave in the account becomes your only cushion.
Elite has no lock. The floor stays 5% below your starting balance for the life of the account, so after each payout you’re back to your original drawdown.
For a full explanation of the different drawdown types, see our prop firm drawdown guide.
Daily Drawdown
Every plan has a 3% daily loss limit, except Elite No DLL. It’s measured from your equity at midnight New York time, including open positions, and it’s a hard breach: if your equity falls 3% of your starting balance below that level, the account fails.
My Funded Perps Payouts
All funded accounts pay an 80% profit split, or 90% with the upgrade. There’s no consistency rule, no minimum trading days and no profit target before your first payout, and payouts open from your first day funded. You must have no open positions or orders when you request, and trading is locked until the request is reviewed.
| Select, Prime & Signature | Elite | |
|---|---|---|
| Frequency | Once per New York calendar day | On demand, no daily limit |
| Minimum Payout | $100 before the split | 1% of account size before the split |
| Amount | All available profit | All available profit |
| Drawdown After Payout | Locks at starting balance | Doesn’t move |
Payouts are paid through Rise, or as store credit with a 10% bonus, or a mix of both. My payout was approved and sent within 4 minutes of request, which is very good, especially for Elite plan traders who want to request multiple payouts per day.
There’s a $100,000 lifetime payout cap per trader, combined across every account and plan, and counted after the profit split. That’s well above what most traders will earn, but will limit some of the highest performing traders who have earned hundreds of thousands at other firms.
Trading Platform & Conditions
My Funded Perps runs on its own web platform, with simulated execution based on prices from Hyperliquid, Binance and Bybit. It also offers built-in copy trading between your own accounts, and a documented API for automated trading. There’s no MetaTrader, TradingView or NinjaTrader.
There are 118 markets: 64 crypto pairs, 31 stocks, 7 indices, 10 commodities and 6 forex pairs. Crypto trades 24/7, while stocks, indices, forex and commodities follow their market hours.
Commissions
| Asset Class | Commission per Fill | Daily Swap Rate |
|---|---|---|
| Crypto | 0.03% | 0.03% |
| Stocks, Commodities & Indices | 0.005% | 0.015% |
| Forex | 0.0025% | 0.005% |
Commissions are charged on the full position value when you open and close, so a crypto trade costs 0.06% round trip. Swap fees are charged every hour on open positions, long or short. The Reduced Fees add-on halves both, and Elite accounts pay 0.001% per fill on NAS100, SP500, gold and WTI oil.
Leverage
Leverage depends on the market: up to 10x on Bitcoin, 8x on Ethereum, 2x on most altcoins, 12x on US30 and up to 50x on EUR/USD. Elite accounts get up to 40x on NAS100 and SP500, 25x on US30, 20x on gold and 10x on oil. Each market also has an exposure cap, shared across your accounts of the same plan and size.
Trading Restrictions
Weekend Holding
You can hold crypto positions over the weekend. Positions on markets that close at the weekend, such as stocks, indices and forex, are closed automatically 15 minutes before Friday’s close.
News Trading
News trading is allowed during evaluations. On funded accounts, you can’t open or add to positions from 10 minutes before a high-impact release, and you can’t trade at all from 2 minutes before to 2 minutes after it. Positions opened earlier can be held through the release. For stocks, company earnings announcements are restricted too.
Maximum Allocation
You can hold up to $100k in active evaluations per plan, and up to $300k in funded accounts in total, with a maximum of $100k per plan.
Prohibited Strategies
- Hedging across accounts: opposing positions across your own accounts or with other traders.
- High-frequency trading, latency arbitrage and data-feed exploitation.
- Gambling: repeated maximum-risk attempts or using accounts as disposable bets.
- Account sharing: only the verified account holder may trade the account.
Additional Rules
- Evaluation accounts fail after 30 days without a trade, and funded accounts close after 7 days without a trade.
- Automated trading is allowed only through the official API.
- Refunds are available within 48 hours if you haven’t traded, minus a $25 fee.
- There is no live trading stage: all funded accounts remain simulated.
My Funded Perpetuals Review Conclusion
My Funded Perps brings the My Funded Futures approach to perpetuals: static drawdown on every plan, no consistency rule, no minimum trading days and payouts every day. That’s a rare combination in crypto prop trading, and with more than $1m paid out in its first weeks, according to the firm, it has started well.
The plan you choose matters. Signature is the one most traders should buy: its 10% target against 6% drawdown makes it the easiest plan to pass, for only a little more than Prime. Elite is the most expensive per dollar of drawdown, but it has the best funded rules, with unlimited payouts and a drawdown that never moves, so it’s the better choice if you plan to withdraw regularly. Prime is balanced but outclassed by Signature, and Select is the cheapest entry but, with 3% drawdown against a 9% target, the hardest to pass.
The main caveats are the $100,000 lifetime payout cap and the drawdown lock after the first payout on every plan except Elite. Neither is a reason to avoid the firm, but plan your withdrawals around them.
If you trade futures, see our My Funded Futures review for how the firm’s original program compares.
Thanks for reading, if you enjoyed check out my YouTube Channel and read more Prop Firm Reviews here.
My Funded Perps FAQ
Is My Funded Perps legit?
My Funded Perps is run by the team behind My Funded Futures and owned by Funding Perpetuals Holdings, Inc. in Delaware. According to the firm, it has paid out more than $1m since payouts opened in September 2026, through Rise and store credit.
Is My Funded Perps the same company as My Funded Futures?
It’s from the same team and shares the same Discord, but it’s a separate program with its own accounts, rules and dashboard.
Which My Funded Perps plan is best?
Signature is the easiest to pass and the best choice for most traders. Elite has the best funded rules if you want frequent payouts. Select is the cheapest, but the hardest to pass.
Does My Funded Perps have a consistency rule?
No. There’s no consistency rule on any plan, in the evaluation or on funded accounts.
Does My Funded Perps allow news trading?
Yes during evaluations. On funded accounts, you can’t add exposure from 10 minutes before high-impact news, or trade at all from 2 minutes before to 2 minutes after.
Can you hold trades over the weekend at My Funded Perps?
Yes on crypto, which trades 24/7. Positions on stocks, indices, forex and other markets that close at the weekend are closed automatically before Friday’s close.
What is My Funded Perps’ profit split?
80% on all funded accounts, or 90% with the profit split upgrade at checkout.
Is there a payout limit at My Funded Perps?
Yes. Each trader can receive a maximum of $100,000 in lifetime payouts, across all accounts and plans.
