MyFundedFX/Seacrest Funded: a rebrand that did not save the company — but did save its reputation

The company changed its name to Seacrest Funded in February 2025. Exactly one year later, on 6 February 2026, it halted its entire prop-trading business without warning — but, unlike most other cases, it organized an official process for refunding traders (applications until 28 Feb 2026). By that point the company had managed to become one of the biggest names in the sector.

MyFundedFX was founded in June 2022 by Matthew Leech, a graduate in information systems with trading experience since 2018, under the legal name MyFunded Solutions, LLC in Dallas, Texas. The company grew rapidly on the wave of the 2022–2024 prop-trading boom: at its peak in 2023 it paid out roughly $22.7 million across 32,842 transactions, and the company's community numbered over 500,000 registered traders and more than 131,000 members on Discord. Over 3.5 years of operation, total payouts exceeded $56 million to traders from 190 countries — by these measures MyFundedFX ranked among the industry's largest players.

That said, even before the rebrand, troubling signals were accumulating around the company's reputation: MyFundedFX's Trustpilot profile was entirely removed after fake reviews were detected, and some traders complained about delays in profit payouts and aggressive bonus offers on deposits.

In February 2025 the company renamed itself SeacrestFunded, aligning the funding platform's name with the newly created brokerage division Seacrest Markets, licensed in South Africa, while at the same time restricting the acceptance of new clients from the U.S. Officially, this step was explained as a drive toward vertical integration of the business — reducing dependence on third-party brokers and trading platforms, that is, precisely the vulnerability that destroyed several of the company's competitors that same year.

On 6 February 2026, Seacrest Markets, without warning, completely discontinued its prop-trading line, keeping only the brokerage CFD business. Unlike most companies on this list, the firm launched an official refund process: holders of intact ("unbreached") evaluation accounts could apply for a full refund through a dedicated form, processed in the order received, within 30 days, while holders of funded accounts could receive final payouts through their personal dashboard; the application deadline was set for 28 February 2026. Traders' experiences proved uneven: some received refunds within one to four days, others reported refunds only in cryptocurrency instead of the original card payment, or refusals of payouts citing alleged rule violations.

Published 1 April 2026