My Funded Futures is a Canadian-founded proprietary trading firm that sells evaluations to futures traders. You pay a monthly fee, trade a simulated account, and reach a profit target without breaching a drawdown limit. Pass, and you move to a sim-funded stage where you can request payouts, with splits of up to 90/10 on some plans. It is not a broker, and every trade runs on simulated capital. Here is what that means in practice, and whether it suits you.
How does My Funded Futures work?
Picture a driving test with a monthly fee. You pick an account size, usually between $25,000 and $150,000 in simulated buying power, then pay a subscription in US dollars. Entry pricing has started around $109 a month for the smallest size during promotions, though fees move around, so check the live page before you commit.
Stage one: the evaluation
You trade a simulated futures account until you hit a profit target, often $3,000 on a 50K account, without touching the drawdown limit. Most plans apply a 50% consistency rule here, meaning no single day can supply more than half your total profit. I like that rule on paper. It stops one lucky afternoon from carrying a whole account, although it frustrates traders who size up on a single strong setup.
Stage two: the sim-funded account
Pass, and you receive a sim-funded account, with no activation fee on most plans. Payouts come from the firm, not from gains in a real brokerage account. Splits differ by plan. Rapid-style plans advertise 90/10 with daily payout eligibility after a buffer, while others pay every 48 hours or every 14 days.
Stage three: live capital
Some plans describe a path to a live account after several successful payouts, or after reaching a payout cap that can run to $100,000 on the Pro plan. Few traders get there. One third-party analysis put live-funded status near 1% of participants, so treat that stage as a bonus, not a plan.
Which My Funded Futures plan fits your trading style?
Four core plans cover most traders. The rules, not the headline split, are what separate them.
Rapid and Rapid EOD
These suit traders who want fast cash flow. Both advertise a 90/10 split and daily payouts. Rapid trails its drawdown intraday once funded, which punishes anyone who gives back open profit. Rapid EOD measures drawdown at the close of the day, which gives scalpers and swing traders more breathing room.
Builder
Builder pays roughly every 48 hours at an 80/20 split, with a capped amount per request. It suits people who like a steady rhythm over big, rare withdrawals.
Pro
Pro runs on a 14-day payout cycle with the highest per-payout ceiling. The evaluation carries a 50% consistency rule, but funded accounts do not. Patient traders who hold positions longer tend to like it.
Sources disagree on small details such as minimum payouts, and plans have been renamed or retired over time. Read the current rulebook line by line before you pay anything.
Can traders in Canada and the USA use it?
Generally, yes. The firm was founded in Toronto, and directories list it as accepting traders from both countries. When we compare prop firms, country restrictions and payout methods are where people get caught out, so confirm your province or state and your preferred payout route (directories have listed ACH, wire transfer, Interac and crypto) before paying.
Is My Funded Futures a sensible pick for someone in Winnipeg, Calgary or Halifax? It can be, because the firm began in Toronto, so the payment and time-zone details tend to be familiar. The CME session runs on Eastern and Central time, and an early start suits traders in most provinces. A trader in Vancouver, though, may find the opening bell arrives before breakfast. Plan your sleep around it.
One point worth knowing: directories list My Funded Futures as unregulated, which is common in this category because it sells evaluations rather than investments. Canadian futures brokerages are a separate matter and fall under CIRO oversight. Payouts are likely taxable income, so ask an accountant how the CRA or IRS expects you to report them.
What are the real costs and risks?
Here is the honest part, friend. You pay whether you pass or not. If a plan costs $109 a month and you need three months to pass, that is $327 before you earn a cent. One analysis of 2024 and 2025 data put the evaluation pass rate near 20%, which means most people do not get funded.
Budget the fees as tuition, not an investment. News trading is restricted on several sim-funded plans, payout caps can slow early withdrawals, and rules can change after you sign up. A sim-funded account also is not real money, so your downside is the fee, but you never own the account either.
Before you sign up for My Funded Futures, set a hard cap on what you will spend on attempts. We usually suggest an amount you would shrug off losing, perhaps $300 CAD across a quarter. Stop when you reach it, review your journal, and only then decide whether another try makes sense.
Would I try it myself? Only if you already have a tested strategy, a written risk plan and money you can afford to lose. If you are still searching for an edge, practise first.
How can you prepare before paying for an evaluation?
Preparation costs nothing, and it is where most of the edge comes from. Here is how we would approach it.
Practise on a demo with the same limits
Set a demo account to the exact drawdown, profit target and consistency numbers of the plan you want. Run it for at least a month. If you cannot pass on a demo, a paid attempt will not be kinder.
Trade small until the rules feel natural
A 50K account with a $2,000 drawdown leaves little margin. Keep position sizes low enough that three losing trades in a row do not end the attempt.
Keep a plain journal
Write down entry, exit, reason and mood. After twenty trades the patterns show up, and so do the habits that drain accounts.
FAQ
Is My Funded Futures legit?
Many traders report receiving payouts, and review sites list a high Trustpilot score. Still, the firm is unregulated, and its terms can change. Start with the smallest plan and read the rulebook first.
How much does a futures prop firm evaluation cost in Canada?
Fees are quoted in US dollars, so the Canadian price moves with the exchange rate. Entry plans have started near $109 a month, and larger accounts cost more.
How long does it take to get paid from a funded futures account?
It depends on the plan. Some allow daily requests after a buffer, others pay every 48 hours, and Pro runs on a 14-day cycle. Approval times are separate.
Can you actually make a living from prop firm trading?
A small share of traders do. At My Funded Futures, most do not pass, so treat income as a possibility and not a promise.
