MyFundedPerps rules: drawdown, daily loss and reset time

MyFundedPerps has 5 programs with verified rules, and the maximum loss is static on all 5. The daily loss limit resets at 00:00 New York time (ET) on 4 of its 5 programs. The table for each program below gives the profit target, daily loss limit and maximum loss, with the verification date and the firm's own source.

Verified on against MyFundedPerps’s own rules: docs.myfundedperpetuals.com/guides/challenges-and-rules, docs.myfundedperpetuals.com/guides/elite-accounts. Consistry re-reads every firm’s pages weekly.

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MyFundedPerps rules by program

MyFundedPerps 1-Step Select

Verified October 14, 2026 · source

MyFundedPerps 1-Step Select: a 9% profit target, a 3% daily loss limit that resets at 00:00 New York time (ET), and a 3% static maximum loss.

MyFundedPerps 1-Step Select limits
PhaseProfit targetDaily loss limitMaximum lossMaximum loss type
Rules9%3%3%Static
Daily reset
The daily loss limit resets at 00:00 New York time (ET).
Daily loss calculation
The limit is 3% of the starting account size.
Maximum loss
The maximum loss is 3%, static: a fixed floor below the starting balance that never moves.
Minimum trading days
No consistency rule, no minimum days, no time limit.
Consistency rule
No consistency rule.
News trading
Restricted on funded accounts only: no opening trades from 10 minutes before to 2 minutes after high-impact releases. Profit made inside the window is deducted. Evaluation: no restriction. Funded (every plan): from 10 to 2 minutes before a red-folder release no new exposure in the affected market (no new positions, adding or reversing); from 2 minutes before to 2 minutes after no manual trades at all, closing included. A position opened earlier may be held through the release. Profit from trades that break the rule can be excluded at payout review. source

Program notes. One phase: 9% target, 3% daily, 3% static max loss, the daily limit and the max loss coincide on day one. Once funded, the max floor locks at the starting balance on the first payout; Consistry does not model that step, so after your first payout set the max-loss floor to the starting balance by hand. One payout request per New York day, $100 minimum. Perpetual futures on the firm's own terminal (no MetaTrader, no broker auto-sync). Percentages are of the starting balance; targets and limits are checked on equity, open positions included. Daily limit: 3% of the starting balance below the day's starting equity, reset at midnight New York; reaching it fails the account. Max loss static, breach on touching the floor. No consistency rule, no minimum days, no time limit. 30 days without a trade fails an evaluation, 7 days closes a funded account. News: free in the evaluation; funded accounts may not add exposure in the affected market from 10 to 2 minutes before a red-folder release and may not trade at all from 2 minutes before to 2 minutes after (profit from such trades can be excluded at payout). 24/7 markets may be held over the weekend; 23/5 markets are flat-closed 15 minutes before the Friday close. Split 80% (90% as a paid upgrade at checkout); payouts need a flat account; $100K lifetime payout cap per user, $300K total allocation ($100K per plan type).

MyFundedPerps 1-Step Prime

Verified October 14, 2026 · source

MyFundedPerps 1-Step Prime: a 12% profit target, a 3% daily loss limit that resets at 00:00 New York time (ET), and a 5% static maximum loss.

MyFundedPerps 1-Step Prime limits
PhaseProfit targetDaily loss limitMaximum lossMaximum loss type
Rules12%3%5%Static
Daily reset
The daily loss limit resets at 00:00 New York time (ET).
Daily loss calculation
The limit is 3% of the starting account size.
Maximum loss
The maximum loss is 5%, static: a fixed floor below the starting balance that never moves.
Minimum trading days
No consistency rule, no minimum days, no time limit.
Consistency rule
No consistency rule.
News trading
Restricted on funded accounts only: no opening trades from 10 minutes before to 2 minutes after high-impact releases. Profit made inside the window is deducted. Evaluation: no restriction. Funded (every plan): from 10 to 2 minutes before a red-folder release no new exposure in the affected market (no new positions, adding or reversing); from 2 minutes before to 2 minutes after no manual trades at all, closing included. A position opened earlier may be held through the release. Profit from trades that break the rule can be excluded at payout review. source

Program notes. One phase: 12% target, 3% daily, 5% static max loss. Once funded, the max floor locks at the starting balance on the first payout; Consistry does not model that step, so after your first payout set the max-loss floor to the starting balance by hand. One payout request per New York day, $100 minimum. Perpetual futures on the firm's own terminal (no MetaTrader, no broker auto-sync). Percentages are of the starting balance; targets and limits are checked on equity, open positions included. Daily limit: 3% of the starting balance below the day's starting equity, reset at midnight New York; reaching it fails the account. Max loss static, breach on touching the floor. No consistency rule, no minimum days, no time limit. 30 days without a trade fails an evaluation, 7 days closes a funded account. News: free in the evaluation; funded accounts may not add exposure in the affected market from 10 to 2 minutes before a red-folder release and may not trade at all from 2 minutes before to 2 minutes after (profit from such trades can be excluded at payout). 24/7 markets may be held over the weekend; 23/5 markets are flat-closed 15 minutes before the Friday close. Split 80% (90% as a paid upgrade at checkout); payouts need a flat account; $100K lifetime payout cap per user, $300K total allocation ($100K per plan type).

MyFundedPerps 1-Step Signature

Verified October 14, 2026 · source

MyFundedPerps 1-Step Signature: a 10% profit target, a 3% daily loss limit that resets at 00:00 New York time (ET), and a 6% static maximum loss.

MyFundedPerps 1-Step Signature limits
PhaseProfit targetDaily loss limitMaximum lossMaximum loss type
Rules10%3%6%Static
Daily reset
The daily loss limit resets at 00:00 New York time (ET).
Daily loss calculation
The limit is 3% of the starting account size.
Maximum loss
The maximum loss is 6%, static: a fixed floor below the starting balance that never moves.
Minimum trading days
No consistency rule, no minimum days, no time limit.
Consistency rule
No consistency rule.
News trading
Restricted on funded accounts only: no opening trades from 10 minutes before to 2 minutes after high-impact releases. Profit made inside the window is deducted. Evaluation: no restriction. Funded (every plan): from 10 to 2 minutes before a red-folder release no new exposure in the affected market (no new positions, adding or reversing); from 2 minutes before to 2 minutes after no manual trades at all, closing included. A position opened earlier may be held through the release. Profit from trades that break the rule can be excluded at payout review. source

Program notes. One phase: 10% target, 3% daily, 6% static max loss. Once funded, the max floor locks at the starting balance on the first payout (the firm's example: a $100K floor of $94,000 becomes $100,000); Consistry does not model that step, so after your first payout set the max-loss floor to the starting balance by hand. One payout request per New York day, $100 minimum. Perpetual futures on the firm's own terminal (no MetaTrader, no broker auto-sync). Percentages are of the starting balance; targets and limits are checked on equity, open positions included. Daily limit: 3% of the starting balance below the day's starting equity, reset at midnight New York; reaching it fails the account. Max loss static, breach on touching the floor. No consistency rule, no minimum days, no time limit. 30 days without a trade fails an evaluation, 7 days closes a funded account. News: free in the evaluation; funded accounts may not add exposure in the affected market from 10 to 2 minutes before a red-folder release and may not trade at all from 2 minutes before to 2 minutes after (profit from such trades can be excluded at payout). 24/7 markets may be held over the weekend; 23/5 markets are flat-closed 15 minutes before the Friday close. Split 80% (90% as a paid upgrade at checkout); payouts need a flat account; $100K lifetime payout cap per user, $300K total allocation ($100K per plan type).

MyFundedPerps Elite (3% DLL)

Verified October 14, 2026 · source

MyFundedPerps Elite (3% DLL): a 10% profit target, a 3% daily loss limit that resets at 00:00 New York time (ET), and a 5% static maximum loss.

MyFundedPerps Elite (3% DLL) limits
PhaseProfit targetDaily loss limitMaximum lossMaximum loss type
Rules10%3%5%Static
Daily reset
The daily loss limit resets at 00:00 New York time (ET).
Daily loss calculation
The limit is 3% of the starting account size.
Maximum loss
The maximum loss is 5%, static: a fixed floor below the starting balance that never moves.
Minimum trading days
No consistency rule, no minimum days, no time limit.
Consistency rule
No consistency rule.
News trading
Restricted on funded accounts only: no opening trades from 10 minutes before to 2 minutes after high-impact releases. Profit made inside the window is deducted. Evaluation: no restriction. Funded (every plan): from 10 to 2 minutes before a red-folder release no new exposure in the affected market (no new positions, adding or reversing); from 2 minutes before to 2 minutes after no manual trades at all, closing included. A position opened earlier may be held through the release. Profit from trades that break the rule can be excluded at payout review. source

Program notes. Elite, bought with the 3% daily loss limit: 10% target, 3% daily, 5% static max loss that never locks, not even after a payout. Boosted leverage on indices (40x), US30 (25x), gold (20x) and oil (10x), total exposure capped at 40x the starting balance. Payouts on demand with no daily request limit; minimum $50 / $100 / $250 / $500 by size. Perpetual futures on the firm's own terminal (no MetaTrader, no broker auto-sync). Percentages are of the starting balance; targets and limits are checked on equity, open positions included. Daily limit: 3% of the starting balance below the day's starting equity, reset at midnight New York; reaching it fails the account. Max loss static, breach on touching the floor. No consistency rule, no minimum days, no time limit. 30 days without a trade fails an evaluation, 7 days closes a funded account. News: free in the evaluation; funded accounts may not add exposure in the affected market from 10 to 2 minutes before a red-folder release and may not trade at all from 2 minutes before to 2 minutes after (profit from such trades can be excluded at payout). 24/7 markets may be held over the weekend; 23/5 markets are flat-closed 15 minutes before the Friday close. Split 80% (90% as a paid upgrade at checkout); payouts need a flat account; $100K lifetime payout cap per user, $300K total allocation ($100K per plan type).

MyFundedPerps Elite (No DLL)

Verified October 14, 2026 · source

MyFundedPerps Elite (No DLL): a 10% profit target, no daily loss limit, and a 5% static maximum loss.

MyFundedPerps Elite (No DLL) limits
PhaseProfit targetDaily loss limitMaximum lossMaximum loss type
Rules10%None5%Static
Daily reset
There is no daily loss limit, so there is no daily reset.
Daily loss calculation
There is no daily loss limit.
Maximum loss
The maximum loss is 5%, static: a fixed floor below the starting balance that never moves.
Minimum trading days
No consistency rule, no minimum days, no time limit.
Consistency rule
No consistency rule.
News trading
Restricted on funded accounts only: no opening trades from 10 minutes before to 2 minutes after high-impact releases. Profit made inside the window is deducted. Evaluation: no restriction. Funded (every plan): from 10 to 2 minutes before a red-folder release no new exposure in the affected market (no new positions, adding or reversing); from 2 minutes before to 2 minutes after no manual trades at all, closing included. A position opened earlier may be held through the release. Profit from trades that break the rule can be excluded at payout review. source

Program notes. Elite, bought without a daily loss limit: 10% target, no daily limit, 5% static max loss that never locks, not even after a payout. Boosted leverage on indices (40x), US30 (25x), gold (20x) and oil (10x), total exposure capped at 40x the starting balance. Payouts on demand with no daily request limit; minimum $50 / $100 / $250 / $500 by size. Perpetual futures on the firm's own terminal (no MetaTrader, no broker auto-sync). Percentages are of the starting balance; targets and limits are checked on equity, open positions included. Daily limit: 3% of the starting balance below the day's starting equity, reset at midnight New York; reaching it fails the account. Max loss static, breach on touching the floor. No consistency rule, no minimum days, no time limit. 30 days without a trade fails an evaluation, 7 days closes a funded account. News: free in the evaluation; funded accounts may not add exposure in the affected market from 10 to 2 minutes before a red-folder release and may not trade at all from 2 minutes before to 2 minutes after (profit from such trades can be excluded at payout). 24/7 markets may be held over the weekend; 23/5 markets are flat-closed 15 minutes before the Friday close. Split 80% (90% as a paid upgrade at checkout); payouts need a flat account; $100K lifetime payout cap per user, $300K total allocation ($100K per plan type).

What MyFundedPerps says

These sentences are copied from MyFundedPerps’s own pages and stored next to the numbers above. Each links to the page it came from.

Maximum loss type · 5 programs
“The initial MLL floor is starting balance minus the static drawdown allowance. It does not follow intraday or end-of-day highs.”

Source: docs.myfundedperpetuals.com/guides/challenges-and-rules

Maximum loss · MyFundedPerps 1-Step Select, MyFundedPerps 1-Step Prime and MyFundedPerps 1-Step Signature
“Select has a 9% profit target and 3% static maximum drawdown. Prime has a 12% profit target and 5% static maximum drawdown. Signature has a 10% profit target and 6% static maximum drawdown.”

Source: myfundedperpetuals.com/faq

Daily loss limit · MyFundedPerps 1-Step Select, MyFundedPerps 1-Step Prime and MyFundedPerps 1-Step Signature
“On plans with a daily loss limit, daily loss is measured from start-of-day equity at midnight America/New_York, including daylight saving time, with a dollar allowance of 3% of starting balance.”

Source: docs.myfundedperpetuals.com/guides/challenges-and-rules

Maximum loss · MyFundedPerps Elite (3% DLL)
“Elite is a 1-Step evaluation with a static maximum loss limit, no consistency rule, and boosted leverage on indices, US30, gold, and oil.”

Source: docs.myfundedperpetuals.com/guides/elite-accounts

Daily loss limit · MyFundedPerps Elite (3% DLL)
“The floor is the day's starting equity, including open-position profit or loss, minus 3% of the starting balance. On an Elite $50K account the allowance is $1,500.”

Source: docs.myfundedperpetuals.com/guides/elite-accounts

Maximum loss · MyFundedPerps Elite (No DLL)
“Elite accounts bought with the No DLL option have no daily loss limit; their only loss rule is the static maximum loss limit.”

Source: myfundedperpetuals.com/faq

MyFundedPerps rules, questions answered

Does MyFundedPerps have a trailing drawdown?

All MyFundedPerps programs: No. The maximum loss is static: a fixed floor below the starting balance that never moves.

When does the daily loss limit reset at MyFundedPerps?

MyFundedPerps 1-Step Select, MyFundedPerps 1-Step Prime, MyFundedPerps 1-Step Signature and MyFundedPerps Elite (3% DLL): The daily loss limit resets at 00:00 New York time (ET). MyFundedPerps Elite (No DLL): There is no daily loss limit, so there is no daily reset.

How is the daily loss limit calculated at MyFundedPerps?

MyFundedPerps 1-Step Select, MyFundedPerps 1-Step Prime and MyFundedPerps 1-Step Signature: The limit is 3% of the starting account size. MyFundedPerps states: "On plans with a daily loss limit, daily loss is measured from start-of-day equity at midnight America/New_York, including daylight saving time, with a dollar allowance of 3% of starting balance." MyFundedPerps Elite (3% DLL): The limit is 3% of the starting account size. MyFundedPerps states: "The floor is the day's starting equity, including open-position profit or loss, minus 3% of the starting balance. On an Elite $50K account the allowance is $1,500." MyFundedPerps Elite (No DLL): There is no daily loss limit.

Does MyFundedPerps have a consistency rule?

All MyFundedPerps programs: No consistency rule.

What is the minimum number of trading days at MyFundedPerps?

All MyFundedPerps programs: The program notes state: No consistency rule, no minimum days, no time limit.

Can I trade news at MyFundedPerps?

All MyFundedPerps programs: Restricted on funded accounts only: no opening trades from 10 minutes before to 2 minutes after high-impact releases. Profit made inside the window is deducted. Evaluation: no restriction. Funded (every plan): from 10 to 2 minutes before a red-folder release no new exposure in the affected market (no new positions, adding or reversing); from 2 minutes before to 2 minutes after no manual trades at all, closing included. A position opened earlier may be held through the release. Profit from trades that break the rule can be excluded at payout review.

Tracking MyFundedPerps rules automatically

Consistry is a trading journal for prop firm traders. It applies these verified MyFundedPerps limits to your trades and shows the daily room left, the distance to the maximum loss and your progress through each phase, so you do not have to work them out by hand. Logging trades and accounts is free.

Rules change and firms run promotions. Everything on this page is re-checked weekly and dated, but the account you are trading is the final word: confirm the live numbers in your MyFundedPerps dashboard before you rely on them.