An interesting exchange took place on social media (and, apparently, behind the scenes) over the weekend between Dallas, Texas based retail prop trading firm MyFundedFX and popular industry comparison site PropFirmMatch.com. The discussion included a threat by MyFundedFX and its CEO Matt Leach to revoke PropFirmMatch.com’s affiliate status and privileges.
The exchange began Friday, when PropFirmMatch.com reported (in a social media post on X, formerly Twitter) a rule change on MyFundedFX regarding Copy Trading, writing that,
MyFundedFX is no longer allowing copy trading using platforms that require API access. Keep track of rule changes for all listed firms at Prop Firm Match.
The PropFirmMatch.com post was made after MyFundedFX wrote something similar on its site, under “Rule Changes”, as per the graphic above.
MyFundedFX CEO Matt Leach then took to X and posted (note that his account @MattLeech is for approved followers only),
Your post is inaccurate and misleading. A shame from supposedly the most respected review site. Your affiliate privileges have been revoked effective immediately.
PropFirmMatch.com then added a screenshot of a chat between a MyFundedFX rep and a client, confirming the change:
MyFundedFX then responded with a screenshot of its own, that API copy trading can be done via the cTrader platform:
PropFirmMatch.com subsequently responded on X,
This was changed after our post. We will update this according to the current rules, but if you mean the information provided is incorrect, that’s something you must address internally.
…and later adding,
There is nothing incorrect with the post based on your information at the point of posting, so please refrain from inaccurate accusations.
We are surely updating the content on our site to reflect the new details, as this is the whole purpose of the rule changes section – transparency about changes made by firms, to help traders. This is a positive initiative for the industry as a whole, and in the interest of any firm and trader that wants to see the prop firm industry strive.
In the future, feel free to keep us up to date on changes beforehand.
Regarding the aforementioned threat made by MyFundedFX CEO Matt Leach to revoke PropFirmMatch’s “affiliate privileges”, for now MyFundedFX remains “up” on the PropFirmMatch.com website, as prop firm #7 in its list of Favorite Firms. So we assume that the affiliate suspension did not go ahead (at least yet) as was threatened by Matt Leach above.
