MyFundedFX Alternatives 2026: 4 Prop Firms That Won't Vanish

Key Takeaways

• MyFundedFX rebranded to Seacrest Funded in February 2025, then parent company Seacrest Markets shut down all prop trading on February 6, 2026 to focus on its CFD brokerage. The refund and final-payout window closed February 28, 2026.
• Refund experiences were mixed. Some traders got full refunds in one to four days, others reported crypto-only refunds on card deposits, department runarounds, and rejected payouts. If you are still owed money, chase the Seacrest dashboard, not a new firm.
• The lesson from MyFundedFX is not about rules or splits. It is about survival. A firm can have perfect terms and still vanish when the parent decides prop trading is not the business it wants to be in.
• FTMO is the survival benchmark: operating since 2015, over $200M paid to traders, and still standing after the 2024 purge that killed 80 to 100 firms. If your only requirement is 'will not disappear,' this is the answer.
• The5ers is the runner-up for forex refugees who never want to sit an evaluation again. Instant funding since 2016, the longest continuous track record of any firm on this list, and forex-native from day one.
• FunderPro and Funded Next round out the shortlist. FunderPro brings daily payouts and the Owen Morton infrastructure backbone. Funded Next brings a 95% split and a 15% cut during the evaluation itself.

What Actually Happened to MyFundedFX

Start with the timeline, because the details change what you should look for next.

MyFundedFX launched in 2022 and grew into one of the largest forex prop firms in the space. In February 2025 it rebranded to Seacrest Funded. One year later, on February 6, 2026, parent company Seacrest Markets shut down all prop trading entirely to concentrate on its CFD brokerage business. Traders with unbreached challenge accounts could request full refunds. Funded traders could claim final payouts through the Seacrest dashboard. Both had a hard deadline: February 28, 2026, processed first come first served, within 30 days.

The closure was not a fraud story. It was a business decision. The parent company looked at the prop trading model and decided the CFD brokerage was the better bet. That distinction matters, because it means MyFundedFX did not die from a scandal you could have spotted. It died because the challenge-fee model itself is fragile, and analysts tied the shutdown to exactly that: roughly 80 to 100 prop firms closed in 2024 alone.

The refund experience was where the real damage showed. Some traders reported full refunds landing in one to four days. Others described a colder reality: crypto-only refunds on deposits made by card, being bounced between departments, and payout requests rejected on the basis of alleged rule violations that surfaced only at the exit. Same firm, same window, wildly different outcomes.

If you are reading this and you are still owed money, your fight is with the Seacrest dashboard and its support channels, not with picking a new firm. Chase that first. The rest of this article is for the money you have not spent yet: the next challenge fee, and where it should go.

The Only Filter That Matters Now: Survival

Most 'best prop firm' lists rank on profit split and challenge price. After a shutdown, those metrics move down the priority list. The question is no longer 'who pays the highest split.' It is 'who will still be here to pay it.'

That reframes the entire evaluation. Here is the filter we would use if we had just lost a firm.

Years in operation through a full crisis cycle. Any firm can look stable in a bull market. The test is whether it survived the 2024 purge, the MetaQuotes license revocations, and the CFTC enforcement wave. A firm that traded straight through those and kept paying has proven something a two-year-old firm simply cannot claim yet.

A documented, public payout history. Not a testimonials page. A number. FTMO publishes cumulative payouts north of $200M. That figure is a liability the firm has already honored. Firms that will not put a payout number in public are asking for trust they have not shown you the receipts for.

Platform independence or platform stability. MyFundedFX did not die this way, but The Funded Trader and True Forex Funds did: MetaQuotes and Match-Trade pulled platform licenses and the firms collapsed within days. Ask what platform a firm runs on and whether it owns that relationship or rents it on someone else's goodwill.

Parent company alignment. MyFundedFX died because its parent wanted to be a CFD broker instead. Look at who owns the firm and whether prop trading is their core business or a side bet they can walk away from.

A refund and payout policy you can read before you pay. Not after. The traders burned worst by MyFundedFX were the ones who learned the exit rules at the exit.

Every firm below was chosen against that filter, not against a leaderboard of splits.

1. FTMO: The Survival Benchmark

If your single requirement is 'a firm that will not disappear,' FTMO is the answer, and it is not particularly close.

FTMO has operated since 2015. That is a decade in an industry where the average firm measures its life in months. More importantly, FTMO traded straight through the 2024 purge that killed 80 to 100 firms, the MetaQuotes license revocations that ended The Funded Trader, and the CFTC enforcement wave that took down My Forex Funds. It did not just survive those events. It kept paying the entire time. Cumulative payouts to traders now sit above $200M, a number FTMO publishes rather than hides.

The terms are not the most aggressive on this list, and that is the point. A two-step evaluation, an 80% to 90% profit split, a static drawdown model, and a free retry if you respect the rules. Accounts scale to $200K. This is the boring, durable option, and boring is exactly what you want after a firm just evaporated on you.

The honest caveat: FTMO exited the US retail market in 2023 and restructured its offering. US-based traders will find access more limited than international traders. And the 'not the highest split' point is real. If your only metric is squeezing the maximum percentage out of every payout, a younger firm will beat FTMO on paper. It will also be more likely to be gone by the time you scale.

For the full rule set, see our FTMO review. If you are weighing it directly against the runner-up, our FTMO vs The5ers comparison is the head-to-head.

Bottom line. The firm that has already outlived every prop firm graveyard headline you have read. For a trader who just got burned, that history is worth more than an extra five points of split.

2. The5ers: For Traders Who Never Want to Sit an Evaluation Again

The5ers is the pick for MyFundedFX refugees who are done with challenges entirely.

Operating since 2016, The5ers has the longest continuous track record of any firm on this list after FTMO, and it was built forex-native from the start. That matters for MyFundedFX traders specifically, because you were forex traders. You are not being asked to relearn futures contracts or migrate to an unfamiliar platform. The instruments, the pairs, the rhythm are the same.

The standout is instant funding. Instead of paying a challenge fee and hoping you pass an evaluation designed to be failed, you can buy a funded account directly and start trading firm capital immediately. For a trader who just watched a challenge fee disappear into a shutdown, skipping the evaluation gauntlet entirely is a genuinely different value proposition. The drawdown limits on instant funding are tighter (typically 3% daily and 6% total versus 5% and 10% on standard challenges), which is the trade-off for skipping the test.

The caveat is cost. Instant funding costs more upfront than a challenge, because The5ers takes on risk the moment you start. You are paying for certainty and speed instead of a cheaper lottery ticket. For a burned trader who values not repeating the challenge cycle, that math often works.

Full breakdown in our The5ers review.

Bottom line. The longevity of The5ers plus instant funding makes it the anti-shutdown, anti-evaluation choice. If the last thing you want is to gamble another challenge fee, this is your firm.

3. FunderPro and 4. Funded Next: The Terms-Forward Options

Once survival is handled, terms come back into the conversation. Two firms earn the shortlist.

FunderPro is the infrastructure play. It sits inside Owen Morton's fintech ecosystem, the same backbone that white-labels technology for 20-plus other prop firms. That is a double-edged fact: the infrastructure is battle-tested and widely deployed, which is a stability signal, but it also concentrates ecosystem risk. On terms, FunderPro brings daily payouts (rare in an industry that defaults to bi-weekly or monthly), a static drawdown model that does not creep upward as you profit, up to a 90% split, and unlimited evaluation time. For a trader who wants faster access to profits than the old MyFundedFX schedule offered, the daily payout cadence is the headline. See our FunderPro review.

Funded Next is the aggressive-terms pick. A 95% profit split on its Stellar models, which is at the top of the entire industry, plus a genuinely unusual feature: you earn a 15% profit split during the evaluation phase itself, money almost every other firm keeps entirely. Accounts scale to $4M. UAE-based, founded 2022, so the track record is shorter than FTMO or The5ers, which is why it sits fourth on a survival-first list rather than higher. If you are confident in your edge and want the maximum percentage flowing to you, Funded Next is the numbers play. Compare it directly in our FTMO vs Funded Next breakdown.

How to choose between all four. Want the firm least likely to ever vanish? FTMO. Never want to sit an evaluation again? The5ers. Want daily payouts and proven infrastructure? FunderPro. Want the highest split and confidence in your edge? Funded Next. There is no wrong answer among them, which is the whole point of a survival-filtered shortlist.

The Bigger Lesson: Diversify Your Prop Exposure

The final takeaway is not a firm. It is a habit.

MyFundedFX taught a lot of traders an expensive lesson: a single prop firm is a single point of failure. When it shuts down, your evaluation fees, your funded capital, and your pending payouts are all trapped behind one dashboard and one support team's goodwill.

The traders who came through the 2024 to 2026 purge in the best shape were the ones who spread challenge fees across two or three firms instead of concentrating everything in one. It costs more in fees. It also means no single shutdown can take your entire operation offline. Treat prop firm exposure the way you would treat broker exposure or exchange exposure: assume any one of them can vanish, and structure so that it hurts but does not end you.

Start with the firm on this list that fits your style. Prove the withdrawal cycle with a small account before you scale. Then, once you are funded and paid, consider adding a second firm from the shortlist as insurance. A firm shutting down should cost you an account, not your career.

For the wider field ranked by payout terms, see our best prop firms for payouts guide, and browse the full prop firm graveyard if you want a sober reminder of exactly how many firms did not make it.

Frequently Asked Questions

Is MyFundedFX still operating in 2026?

No. MyFundedFX, which had rebranded to Seacrest Funded in February 2025, shut down all prop trading on February 6, 2026 when parent company Seacrest Markets chose to focus on its CFD brokerage. The refund and final-payout window closed February 28, 2026. The prop firm is not accepting new traders.

Can I still get a refund from MyFundedFX or Seacrest Funded?

The official refund and final-payout window closed February 28, 2026, processed first come first served within 30 days. If you believe you are still owed money, your recourse is through the Seacrest dashboard and its support channels, not through a new firm. Refund experiences were mixed during the window, so document everything and escalate persistently if your claim is unresolved.

What is the best MyFundedFX alternative?

For most former MyFundedFX traders, FTMO is the strongest alternative, because the primary lesson of the shutdown is survival, and FTMO has operated since 2015 with over $200M in documented payouts. The5ers is the best pick for traders who never want to sit another evaluation, thanks to its instant funding option and 2016 track record. FunderPro offers daily payouts, and Funded Next offers the highest profit split at 95%.

Why did MyFundedFX shut down?

It was a strategic business decision, not a fraud collapse. Parent company Seacrest Markets decided to concentrate on its CFD brokerage rather than continue running the prop trading arm. Analysts linked the closure to the broader fragility of the challenge-fee model, noting that roughly 80 to 100 prop firms closed in 2024 alone. This is why survival and parent-company alignment now matter more than split percentages when choosing a replacement.

Are prop firms safe after so many shutdowns?

Prop firms carry real counterparty risk, and the 2024 to 2026 period proved it. The safest approach is to favor firms with long operating histories through crisis cycles, documented public payout numbers, and platform stability, then diversify challenge fees across two or three firms so no single shutdown can take your entire operation offline. FTMO and The5ers, both operating since 2015 to 2016, are the strongest longevity signals in the current market.