Honest Review of MPFunds Prop Firm
Honest Review of MPFunds Prop Firm First and foremost, my experience with MPFunds has been far from satisfactory. Here’s why: 1) Minimum Trading Days Requirement: MPFunds requires a minimum of 5 trading days for both Phase 1 and Phase 2. This is the longest I’ve encountered among any prop firms. After meeting the minimum trading days, you’re forced to wait an additional 1-2 business days to receive your Phase 2 account. And note, their business days are Monday to Thursday only, which is incredibly inconvenient. 2) Unannounced Rule Changes: After passing Phase 2, they introduced a new rule for Phase 3: "Implementation of 2% Maximum Risk (PHASE 3 ONLY)." This rule, which restricts you to a 2% risk per “trade idea” based on the initial account balance, was never mentioned in their FAQ or any documentation prior to this stage. It’s absurd to spring such a significant rule change at this point—especially when the firm already has daily drawdown and maximum drawdown limits in place. It makes you question the entire purpose of these existing drawdown rules. 3) Misleading Payout Terms: MPFunds states that their payout system operates on a "7 business day" cycle. However, since Fridays are excluded from this count. This means that “7 business days” can translate into a minimum of 8 and up to 10 calendar days. They defend this by claiming it’s standard across the industry, but I find it misleading. A more honest representation would be to label it as a 10 calendar day payout process. 4) Poor Customer Support: I had questions about the "2% Maximum Risk (PHASE 3 ONLY)" rule due to its confusing conditions, which seem designed to trip you up and lead to breaches. When I reached out to their Discord channel and emailed them for clarification, I was met with generic, unsatisfactory responses. Even when I provided examples and screenshots of my trades, they failed to address my concerns meaningfully. Conclusion: In summary, this prop firm is simply absurd. The lengthy and convoluted processes, unexpected rule changes, misleading payout terms, and subpar customer support make MPFunds a prop firm I cannot recommend for now.