MyFundedFX, the funded-trading challenge brand that later operated as SeacrestFunded under parent company Seacrest Markets, ended its prop-trading challenge business in February 2026. Finance Magnates reported that all prop accounts and open positions were closed on 6 February, as the company shifted its focus to contract-for-difference brokerage operations. The reported wind-down set 28 February as the deadline for customers to request refunds or final funded-account payouts.
The company’s published wind-down terms, as described in that reporting, offered challenge-fee refunds to customers with active, unbreached accounts and final balance requests to funded-account holders. It said eligible requests would be processed within 30 days on a first-come, first-served basis. Giveaway, breached and inactive accounts were excluded. Those conditions matter: the offer was not described as a refund for every historical purchase or every closed account, and eligibility depended on account status.
What Customers Reported During the Closure
Trustpilot reviews from the closure period describe disagreements about how those conditions were applied. A review dated 20 February 2026 questioned whether refunds were being processed selectively. The company publicly disputed the reviewer’s account and directed them to support. A review dated 11 February described a closed $200,000 funded account and said no refund or resolution had been offered. The company replied that payouts had been processed and that the account was ineligible under its policy. Those are conflicting accounts; the public exchange does not independently establish the customer’s account status or the company’s complete payment records.
A separate review dated 6 February said the customer was offered a refund in cryptocurrency rather than the original payment method. The company later confirmed crypto was an option and said wire transfer could also be requested. That reply adds relevant context, though it does not show how quickly each method was available to every customer. Trustpilot also displayed an unavailable-rating notice for the MyFundedFX profile and said it had removed a number of fake reviews under its guidelines. That moderation notice is distinct from the company’s refund process and should not be treated as a ruling on the individual complaints.
What the Shutdown Means for Former Customers
The public record points to a defined closure, a stated request deadline and a set of eligibility rules, but customer reviews describe different experiences around refunds and payouts. Anyone with an unresolved request should retain the original challenge receipt, account history, communications and any eligibility decision. A prop challenge is not the same as a regulated brokerage account, and the source material identifies no financial-regulator oversight for the challenge product while it operated.
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A disclosed wind-down with a published deadline is more useful than an unexplained disappearance, and the company’s replies give its stated reasons for some rejected claims. But a first-come, first-served policy is difficult for customers to evaluate from the outside, especially when one reviewer says a refund was denied and the company says the account did not qualify. The fairest account includes both sides: Seacrest described eligibility criteria and a refund window; customers reported disputes about account status, payment method and timing. Former challenge customers should preserve their records and seek written confirmation of any outstanding balance rather than assuming that a brand change or brokerage pivot resolves an old claim.
About MyFundedFX
Former business: Retail funded-trading challenges under MyFundedFX and SeacrestFunded.
Closure: Prop accounts and open positions were reported closed on 6 February 2026.
Refund window: Eligible refund and payout requests had a reported 28 February 2026 deadline.
Directory: See the MyFundedFX profile for directory details.
Frequently Asked Questions
Did MyFundedFX shut down?
Finance Magnates reported that the prop-trading challenge business closed on 6 February 2026, with accounts and open positions closed and the company shifting toward CFDs.
Were all MyFundedFX customers eligible for refunds?
No. The reported terms limited refunds to active, unbreached challenge accounts and final payouts to funded accounts. Giveaway, breached and inactive accounts were excluded.
Did customers report refund disputes?
Yes. Dated reviews around the closure described disputed eligibility, payment methods and processing. The company disputed some accounts and said certain customers were ineligible under its terms.
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