An interesting exchange took place on social media (and, apparently, behind the scenes) over the weekend between Dallas, Texas-based retail product 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 on Friday when PropFirmMatch.com reported (in a social media post on X, formerly Twitter) a rule change in MyFundedFX regarding Copy Trading, writing that,
MyFundedFX no longer allows copy trading using platforms that require API access. Track rule changes for all listed companies on Prop Firm Match.
PropFirmMatch.com’s post came after MyFundedFX wrote something similar on its website, in the “Rule Changes” section, according to the chart above.
MyFundedFX CEO Matt Leach took to X and posted (note @MattLeech’s account is for approved followers only),
Your post is inaccurate and misleading. Shame on the supposed most respected review site. Your affiliate privileges have been immediately revoked.
PropFirmMatch.com then added a screenshot of a conversation between a MyFundedFX representative and a customer, confirming the change:
MyFundedFX then responded with a screenshot of their own, that API copy trading can be done through the cTrader platform:
PropFirmMatch.com then responded to X,
This has changed since our post. We’ll update it according to the current rules, but if you mean the information provided is incorrect, that’s something you need to deal with internally.
…and later adding,
There is nothing wrong with posting based on your information at the point of posting, so please refrain from inaccurate accusations.
We will certainly be updating the content on our site to reflect the new details as this is what the rule changes section is for – transparency about changes made by companies to help traders. This is a positive initiative for the industry as a whole and in the best interest of any business and trader who wants to see the prop industry compete.
In the future, please feel free to let us know in advance about changes.
In regards to MyFundedFX CEO Matt Leach’s aforementioned threat to revoke PropFirmMatch’s “affiliate privileges”, for now MyFundedFX remains “up” on PropFirmMatch.com, as the #7 backer on the list of favorite firms . So we’re guessing the affiliate suspension didn’t go ahead (at least not yet) as threatened by Matt Leach above.