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  • #18,901
  • Aug 23, 2023 5:47pm Aug 23, 2023 5:47pm
I am sorry guys...if anybody trying to defend myfundedfx, I am compelled to reply to you they are scam firm.

So better do not defend them.

If you already have 5k/10k accounts with them, go with them and it is upto you to face the problems in the near future.
Intraday only.
  • #18,902
  • Edited 7:29pm Aug 23, 2023 6:26pm | Edited 7:29pm
Quoting navk
{quote} Well, you may be trying to defend them because you trade 10k account or 5 k account. For me Fundedfx is scam. Proofs are posted in this thread. I did challenge both phases got 8 cap credentials with 9 days. Before even b4 starting to trade, they failed my funded account. Mine is 100 k.
they did not fail you, you gave them the excuse to remove you because you refused their 8 cap in funded account even though you used 8 cap for evaluation. Be fair here. Plus whoever defend them is not having small capital as you think.
even your $100k is nothing since their max capital per person is $600k
  • #18,903
  • Edited 7:50pm Aug 23, 2023 7:36pm | Edited 7:50pm
Quoting Boulder
{quote} they did not fail you, you gave them the excuse to remove you because you refused their 8 cap in funded account even though you used 8 cap for evaluation. Be fair here. Plus whoever defend them is not having small capital as you think. even your $100k is nothing since their max capital per person is $600k
First of all, myfundedfx are legally incorrect. This is very simple to understand.

Unless, I agree with them mutually to remove 8 cap, they have no capacity to either remove/fail the funded account.

So, myfundedfx is scam.

Having said, It is upto you to face new challenges with them in the near future.
Intraday only.
  • #18,904
  • Aug 23, 2023 7:51pm Aug 23, 2023 7:51pm
Quoting navk
So, myfundedfx is scam.
Quoting navk
They offered me 8 cap. I refused. ... I asked think markets. They are unable to provide
Quoting navk
MYfundedfx sending my challenge fee back to me.
-It seems to me that the terms were not agreeable to you, so they issued you a refund. This is not scam behavior, this is a reasonable solution.

Let your emotions settle a bit and just move on, would be my advice.
  • #18,905
  • Edited 8:08pm Aug 23, 2023 7:55pm | Edited 8:08pm
It is surprising to me..how come some members here trying to defend them ?

I am sharing my personal info here with you guys to help you not to fall in the Scam firm my funded fx.


I posted all proofs, my personal info with the Scam firm myfundedfx.

It is not going to help me in any way..because i have stopped with them like as i stopped with TFTP.
Intraday only.
  • #18,906
  • Aug 23, 2023 7:59pm Aug 23, 2023 7:59pm
Quoting Nsak3y
{quote} {quote} {quote}-It seems to me that the terms were not agreeable to you, so they issued you a refund. This is not scam behavior, this is a reasonable solution. Let your emotions settle a bit and just move on, would be my advice.
The terms are agreed upon already, that 8 cap.

Remember myfundedfx no more offering 8 cap as broker.

In this scnario, they should come forward to see my request. ( It is my request only ). Further more they initially agreed to process my request. My email and their reply i posted above.

And this request can never be called as mutual agreement to remove 8 cap or fail my funded account.

And i just want to state here that both phase 1 and phase 2 , I did in 8 days without violating limits.
Intraday only.
  • #18,907
  • Aug 23, 2023 8:53pm Aug 23, 2023 8:53pm
Quoting navk
The terms are agreed upon already
-"1.3 The Company reserves the right to suspend, replace, modify, amend, or terminate this Agreement at any time and within its sole and absolute discretion. In the event The Company replaces, modifies, or amends this Agreement, your continued use of the Services after a change in the Effective Date of said changes will constitute your agreement to any replacement, modification, or amendment to this Agreement."

You disagreed with the change, so they were within their right to terminate services and issue you a refund. There is nothing wrong with this. If you believe that they could have handled things better, then it is your choice to trade with a different firm, but claiming that they are scammers for this reasoning is false and unwise, frankly.

That being said, sharing your experience here is valuable and appreciated.
  • #18,908
  • Aug 23, 2023 9:16pm Aug 23, 2023 9:16pm
Quoting navk
{quote} The terms are agreed upon already, that 8 cap. Remember myfundedfx no more offering 8 cap as broker. In this scnario, they should come forward to see my request. ( It is my request only ). Further more they initially agreed to process my request. My email and their reply i posted above. And this request can never be called as mutual agreement to remove 8 cap or fail my funded account. And i just want to state here that both phase 1 and phase 2 , I did in 8 days without violating limits.
I have never and probably will never use MyFundedFx. This is before you sharing your experience. However, I believe calling them a scam is a bit excessive. Was their behavior with you questionable? Probably. Did they scam you? No. They made a change, you didn't accept, they refunded you. Like I said, it is questionable enough for you to understand you have WAY BETTER options. It is questionable enough to deter someone who was considering them to look elsewhere.
I already know there are way better options. This, once again, is the issue, with the "business in a box" third party solution prop firm......anyone can start one with no market experience, minimal cost......you just have no idea what you are truly dealing with. Just observe the behavior of the CEOs on social media. You are dead on with just plugging along with MFF, FTMO and TFF.
  • #18,909
  • Aug 23, 2023 9:22pm Aug 23, 2023 9:22pm
Quoting Nsak3y
{quote}-"1.3 The Company reserves the right to suspend, replace, modify, amend, or terminate this Agreement at any time and within its sole and absolute discretion. In the event The Company replaces, modifies, or amends this Agreement, your continued use of the Services after a change in the Effective Date of said changes will constitute your agreement to any replacement, modification, or amendment to this Agreement." You disagreed with the change, so they were within their right to terminate services and issue you a refund. There is nothing wrong...
This kind of clause will /should certainly discourage every one of us from signing up with MYFUNDEDFX.

no doubt.

Well, you captured correctly.
Intraday only.
  • #18,910
  • Aug 23, 2023 9:30pm Aug 23, 2023 9:30pm
Quoting pipmaster77
{quote} I have never and probably will never use MyFundedFx. This is before you sharing your experience. However, I believe calling them a scam is a bit excessive. Was their behavior with you questionable? Probably. Did they scam you? No. They made a change, you didn't accept, they refunded you. Like I said, it is questionable enough for you to understand you have WAY BETTER options. It is questionable enough to deter someone who was considering them to look elsewhere. I already know there are way better options. This, once again, is the issue,...
Those who signed up with them already and doing with them have no choice.

I hope they know that one day or other same clause will be used against them too.

Yesterday they used against me. Today someone else. Tomorrow..any one.

MYFUDEDFX has proved they can do anything to funded account as per clause quouted Nsak3y.

Better stay away.

And ofcourse, I have choices. I never turned to new firm like Fundedfx.. and it is my mistake. But it happened.
Intraday only.
  • #18,911
  • Aug 23, 2023 9:38pm Aug 23, 2023 9:38pm
Quoting navk
{quote}Those who signed up with them already and doing with them have no choice. I hope they know that one day or other same clause will be used against them too. Yesterday they used against me. Today someone else. Tomorrow..any one. MYFUDEDFX has proved they can do anything to funded account as per clause quouted Nsak3y. Better stay away. And ofcourse, I have choices. I never turned to new firm like Fundedfx.. and it is my mistake. But it happened.
lucky you can escape with profit
  • #18,912
  • Aug 23, 2023 9:53pm Aug 23, 2023 9:53pm
Quoting pipmaster77
{quote} I have never and probably will never use MyFundedFx. This is before you sharing your experience. However, I believe calling them a scam is a bit excessive. Was their behavior with you questionable? Probably. Did they scam you? No. They made a change, you didn't accept, they refunded you. Like I said, it is questionable enough for you to understand you have WAY BETTER options. It is questionable enough to deter someone who was considering them to look elsewhere. I already know there are way better options. This, once again, is the issue,...
Why I said MYFUNDEDFX is scam ?

1 ) In line with agreement, 8 cap is broker. They sent login credentials.

2 ) Since they no more offer 8 cap to any new sign up, I doubted the service to be provided by 8 cap.

3 ) I checked with them and sent email asking , if i can change my broker to think markets.

4) MYFUNDEDFX agreed to my request. They said they are processing it. They sent email to me. The email is attached above.

5 ) All of sudden MYFUDEDFX fails my funded account . Why this action when their email says my request is being processed ?

Even quoting nasaky clause also is wrong because, changing of broker is just in conversation stage.

So, in my library, myfundedfx are dishonest firm.
Intraday only.
  • #18,913
  • Aug 23, 2023 10:09pm Aug 23, 2023 10:09pm
Quoting navk
{quote} Why I said MYFUNDEDFX is scam ? 1 ) In line with agreement, 8 cap is broker. They sent login credentials. 2 ) Since they no more offer 8 cap to any new sign up, I doubted the service to be provided by 8 cap. 3 ) I checked with them and sent email asking , if i can change my broker to think markets. 4) MYFUNDEDFX agreed to my request. They said they are processing it. They sent email to me. The email is attached above. 5 ) All of sudden MYFUDEDFX fails my funded account . Why this action when their email says my request is being processed...
they should have just give you 8crap login I don’t see reason for the funded fail after pass demo.
MY OPINION NOT FINANCIAL ADVISE
  • #18,914
  • Edited 10:57pm Aug 23, 2023 10:20pm | Edited 10:57pm
Quoting donfriday
{quote} they should have just give you 8crap login I don’t see reason for the funded fail after pass demo.
Yes, I see no reason to fail my funded account.

You know... different opinions going around in this thread about them.

That is interesting to me.

And I just received refund in my bank account sent from myfundedfx

Because they refunded my fee, I do not wan to call them Scam firm.... but they failed my account and did not obeyed to agreement, so will call them DISHONEST FIRM.
Intraday only.
  • #18,915
  • Aug 23, 2023 10:59pm Aug 23, 2023 10:59pm
Quoting navk
It is surprising to me..how come some members here trying to defend them ? I am sharing my personal info here with you guys to help you not to fall in the Scam firm my funded fx. I posted all proofs, my personal info with the Scam firm myfundedfx. It is not going to help me in any way..because i have stopped with them like as i stopped with TFTP.
Sir, I am sorry to hear that. Just wanna clarify, just because they are removing 8cap and you used 8 cap for evaluation, it means that you are no longer eligible for the funded account and they failed your account?
  • #18,916
  • Aug 23, 2023 11:03pm Aug 23, 2023 11:03pm
i was able to read what happened. man, its a scam! if that happens to me, i can only imagine heart break as it would really take time for me to pass then suddenly they will be do me dirty.
  • #18,917
  • Aug 23, 2023 11:07pm Aug 23, 2023 11:07pm
they said people who used eightcap wont be affected just new customers can no longer purchase an account and choose 8cap as their broker.
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  • #18,918
  • Aug 24, 2023 1:38am Aug 24, 2023 1:38am
I think MFFx handled this very poorly.

1. They sent 8cap credentials
2. navk asked to swap it to think markets
3. They said they were processing. Then there was no more reply from them and they simply violated the 8cap account and returned the fee

It's no way of handling the situation. I believe that Matt would have handled this differently if navk went to a telegram group and exposed the case.

PS To me this sounds more of an horrible customer service handling than a scam.
  • #18,919
  • Aug 24, 2023 1:43am Aug 24, 2023 1:43am
I don't think Myfundedfx is a scam yet. But they will be.
If you look at their time line they started off with stupid 50% discount, it takes 60-90 days for that cycle to get the user into live accounts another 15 days to get them paid out.

Recently they have been posting 300k days in payouts, which is over 10% of their monthly revenue. Add to this the drama and likely dip in sales (also their traffic fell to shit after they cut the massive discount) they are likely in heavy financial stress.

Same can be said for Skilledfundedtrader if you look at them flailing on twitter now they likely are having some trouble getting revenue up. Smartproptrader also now is going to release the NEXT BIG THING YEHHH another indication that what they were doing isnt working.
I dont think many of these firms are very solvent, august has a way of doing that to companies without enough reserves. December will be even worse.

Fundednext will also have this same problem if they stop the stupid discounts but they are notorious for wrongful bans and random conditions. Why people still buy into their bullshit i dont know.
  • #18,920
  • Aug 24, 2023 2:25am Aug 24, 2023 2:25am
Quoting navk
{quote} Well, you may be trying to defend them because you trade 10k account or 5 k account. For me Fundedfx is scam. Proofs are posted in this thread. I did challenge both phases got 8 cap credentials with 9 days. Before even b4 starting to trade, they failed my funded account. Mine is 100 k.
I'm sorry again but I'm funded for a total of 200 K with them. And I'm still using Eightcap without any problem. MFFX is absolutely and definitivey not a scam.
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