Seacrest Funded Prop Firm Review – What You Need to Know in 2025
Founded in June 2022 as MyFundedFX, Seacrest Funded rebranded in February 2025 to align with its brokerage arm, Seacrest Markets, and is headquartered in Dallas, Texas, under CEO Matthew Leech. It offers funded accounts from $5,000 to $200,000, scalable to $1 million, with profit splits up to 90%. Traders can access forex, indices, commodities, and cryptocurrencies on platforms like MetaTrader 5 (MT5), cTrader, MatchTrader, and DXtrade, partnered with brokers Zenfinex, Purple Trading Seychelles, and Quality FX Ltd. With over $10 million paid out in 2024 and a 4.2/5 Trustpilot rating from 2,226 reviews, Seacrest Funded emphasizes flexible evaluations and a vibrant community, though its simulated trading model and recent US trader restrictions raise concerns.
Seacrest Funded Best suited for:
- Beginners: Three-step challenge with relaxed 6% profit targets and unlimited time. Intermediate Traders: Two-step challenges balancing risk and reward.
- Experienced Traders: One-step challenge for quick funding and up to 90% splits.
- Scalpers & Swing Traders: Supports diverse strategies like hedging and martingale.
Pros & Cons of Seacrest Funded
Pros
High Profit Splits: 80% default, upgradable to 90% for a 20% fee add-on.- Flexible Challenges: One-step, two-step, two-step max, and three-step evaluations with no time limits.
- Multiple Platforms: MT5, cTrader, MatchTrader, DXtrade with spreads from 0 pips.
- Frequent Payouts: Every 5 days (three-step) or 14 days (other programs).
- Scaling Plan: Accounts grow 25% every 3 months with a 12% profit target, up to $1 million.
- Active Community: 125,000+ Discord members for support and trade ideas.
Cons
Weekend trading not available on most accounts:- Payout timelines may vary based on verification speed:
How Does Seacrest Funded Work? (Step-by-Step Guide)
- Select Account & Challenge: Choose one-step, two-step, two-step max, or three-step ($5,000-$200,000).
- Pass Evaluation: Meet profit targets (4%-10% per phase) with 5-10 minimum trading days.
- Get Funded: Trade a funded demo account with real profit potential.
- Earn Profits: Receive 80%-90% profit splits, paid every 5-14 days.
Seacrest Funded Account Types & Funding Options
- Account Sizes: $5,000, $10,000, $25,000, $50,000, $100,000, $200,000, scalable to $1 million. Funding Models: One-Step: 10% profit target, 4% daily/6% trailing drawdown, 10 minimum trading days. Two-Step: 8% (Phase 1) + 5% (Phase 2), 5% daily/8% static drawdown, 5 minimum trading days. Two-Step Max: 8% + 5% profit targets, 5% daily/10% static drawdown, 5 minimum trading days. Three-Step: 6% + 6% + 4% profit targets, 5% daily/10% static drawdown, 5 minimum trading days. Profit Splits: 80% default, upgradable to 90% for a 20% fee add-on. Fees: $50-$1,299, non-refunded
- discounts like 20% off reported in February 2025.:
Profit Targets & Payouts
- Profit Targets: 4%-10% per phase, depending on program.
- Payouts: Via bank transfer or crypto, processed in 1-2 days, every 5 days (three-step) or 14 days (others).
- Drawdown Limits: 4%-5% daily, 6%-10% overall (trailing or static).
- Comparison: Seacrest’s 5% daily drawdown is more lenient than FunderPro (5%), but its 1:30 leverage is lower than FundedNext’s 1:100. Five-day payouts (three-step) are faster than FTMO’s bi-weekly schedule.
Leverage & Trading Conditions
- Leverage: Up to 1:30 (forex/indices/commodities/crypto).
- Lot Sizes: Flexible, with risk management via drawdown limits
- commissions as low as $3/lot.
Allowed & Restricted Trading Strategies
Allowed Trading Strategies
- Scalping
- hedging
- martingale
- grid trading
- swing trading
- news trading (across all phases).
Restricted Trading Strategies
- High-frequency trading (HFT)
- tick scalping
- arbitrage
- bots exploiting demo conditions
- cross-account copy trading.
How Long Does It Take to Get Funded by Seacrest Funded?
- Challenge Duration: Unlimited, with 5-10 minimum trading days per phase.
- Evaluation Speed: One-step can take days
- three-step may take weeks.
- User Experiences: Fast funding (24-48 hours post-evaluation), with traders praising support agents.
How Long Has Seacrest Funded Been Around?
Operating since June 2022 as MyFundedFX, it rebranded to Seacrest Funded in February 2025. With over $10 million paid out in 2024 and 92,612 active users across 190+ countries, its FSCA-regulated broker arm (Seacrest Markets, licensed 2023) adds trust. However, its short history and US trader restrictions raise caution compared to FTMO (since 2014).
Who Owns Seacrest Funded? (Founder & Company Background)
Founder: Matthew Leech, CEO. Headquarters: Dallas, Texas (100 Crescent Court, Suite 700, TX 75201), registered as MyFunded Capital (HK) Ltd. in Hong Kong and MyFunded Capital Solutions Ltd. in Cyprus. Mission & Vision: Empower traders with simulated capital, flexible challenges, and community support. Regulatory Status: Unregulated prop firm, broker arm (Seacrest Markets) FSCA-regulated (South Africa).
What Can You Trade with Seacrest Funded? (Supported Markets & Assets)
Markets: Forex (major/minor pairs), indices, commodities, cryptocurrencies. Assets: EUR/USD, S&P 500, gold, silver, BTC, ETH. Restrictions: No weekend crypto trading, bans on HFT, tick scalping, and arbitrage.
Does Seacrest Funded Offer Education & Trader Support? (Learning Resources & Coaching)
Limited to Discord resources, trade ideas, and basic guides, no formal webinars or academy. Trader Development: Dashboard with real-time metrics for risk management. Coaching Programs: None, relies on 125,000+ Discord community and support team. Community & Networking: Active Discord with competitions and support from agents like DrPips and Azaf, praised on Trustpilot.
How Good is Seacrest Funded’s Customer Support? (Response Time & Availability)
Support Channels: Live chat, email, Discord. Response Times: Typically within minutes, with agents lauded for resolving issues in under 15 minutes. Operating Hours: 24/7 via Discord and chat. Trader Feedback: Positive for fast, friendly support, negative for unresolved issues like challenge purchase delays or account bans for alleged third-party access.
Is Seacrest Funded a Scam or a Legit Prop Firm?
Seacrest Funded is legitimate, verified by registrations in Hong Kong and Cyprus, a 4.2/5 Trustpilot rating from 2,226 reviews, and over $10 million in payouts, including a record $74,914.16. Its FSCA-regulated broker arm (Seacrest Markets) and partnerships with Zenfinex and Purple Trading Seychelles enhance credibility. However, concerns include its simulated trading model, potential price manipulation, payout issues for vague violations (e.g., clauses 4.3, 6.2 for third-party access), and no new US clients post-rebranding. Trustpilot reviews praise fast payouts and support but criticize strict rules and account terminations.
Alternatives to Seacrest Funded – How It Compares
- FTMO: Higher trust score (4.9/5), 90% split, two-step evaluation, robust education, no US restrictions. FundedNext: 95% split, MT4/MT5/cTrader, scaling to $4 million, higher 1:100 leverage. The 5%ers: Up to 100% split, no crypto, excludes US traders, strong education.
Final Verdict – Should You Trade with Seacrest Funded?
Seacrest Funded is ideal for non-US traders seeking flexible challenges, high 80%-90% profit splits, and platform variety (MT5, cTrader, DXtrade), with scaling to $1 million and a supportive 125,000+ Discord community. Its no-time-limit evaluations, fast payouts (5-14 days), and refundable fees are strong draws for beginners and pros. However, its simulated trading model, low 1:30 leverage, US trader restrictions, and payout denials for vague reasons (e.g., “third-party access”) raise concerns compared to FTMO or FundedNext. With a score of 65/100, traders should leverage the active community, review terms carefully, and monitor X feedback ( @seacrestfunded_ ) before joining in 2025, balancing its flexibility against potential risks.
