MyFundedFX shut down in February 2026. Traders who had not withdrawn were left with nothing. Here is the five-point checklist that would have flagged it months earlier.
Firms with 2+ years of continuous operation have survived a full market cycle and at least one wave of industry failures. Brand-new firms are not automatically scams, but carry more uncertainty.
Sort Trustpilot by most recent. Look for sudden patterns in payout delays or unresponsive support — that is usually the first signal of internal trouble.
Do not accumulate profits in the account. Request payouts as soon as you are eligible. Traders who withdrew consistently are the ones who walked away with something when firms closed.
Multiple accounts across two or three established firms means a single closure does not wipe your entire funded trading income.
Many firms are registered in light-touch jurisdictions with no regulatory protection for traders. Your only real protection is the firm own reputation and track record.