SeacrestFunded (formerly MyFundedFX)

What happened

MyFundedFX was a retail prop firm based in Dallas, Texas, led by chief executive Matthew Leech. On 11 February 2025 it renamed itself SeacrestFunded, to match a new CFD broker in the same group, Seacrest Markets, which FX News Group reported was domiciled and licensed in South Africa. The myfundedfx.com address began redirecting to the Seacrest site. At the same time the firm said it would indefinitely stop new purchases from US-based customers, while existing US customers could keep their accounts. Leech told customers the rebrand would not change accounts, payouts or trading.

On 4 February 2026 Seacrest Markets announced that it would close its prop trading operations and concentrate on its CFD brokerage business. The sources listed here do not report a reason given by the company. Finance Magnates also reported that the group was still offering futures prop trading under a separate brand at the time.

Timeline

• 11 February 2025: MyFundedFX becomes SeacrestFunded; new purchases from US customers stop.
• 4 February 2026: Seacrest Markets announces the closure of its prop trading business.
• 6 February 2026: All prop accounts and open positions are closed, and account access ends.
• 28 February 2026: Deadline for refund and final payout requests.

What it meant for traders

According to the closure terms reported by Finance Magnates:

• Holders of active, unbreached challenge accounts could ask for a full refund of the challenge fee through a refund form by 28 February 2026.
• Funded account holders could request their final payout balance through the Seacrest dashboard by the same date.
• Giveaway accounts and breached or inactive accounts were not eligible for refunds.
• Requests would be handled first come, first served, within 30 days, and some payments could be sent by cryptocurrency or bank wire if the original payment method was no longer available.

TradeInformer reported that traders were also offered the option of using their challenge refund as a deposit at the Seacrest broker, with a 100% deposit bonus. The sources listed here do not confirm how many refunds and payouts were completed.

Current status

The SeacrestFunded prop trading programme closed on 6 February 2026. Seacrest Markets said it would continue as a CFD broker.