FundedFast is a Malta-based proprietary trading firm built for retail traders who want a funded-account evaluation without a time limit or a subscription. It delivers on cost and payout terms, with one-time entry fees from $49, the fee returned in full on the first payout, an 80% to 90% profit split, withdrawals every seven days, and a rulebook that is published in full rather than discovered after a breach. Its main drawback is the narrow execution setup, since all trading happens manually on MatchTrader, which may matter for traders who depend on MetaTrader, cTrader or automated systems.
FundedFast accepts US residents, which separates it from a large share of the offshore prop firm market, and it states plainly in its own disclosures that its accounts are simulated and that it does not operate as a broker, which is not something every firm in the category makes obvious.
FundedFast overview
| Category | Details |
|---|---|
| Availability | Global, including US residents. Restricted in 40 named jurisdictions, plus any territory where participation would breach applicable law or international sanctions. |
| Operator | Memento Enterprises Limited, registered in Malta under company number C 109385. Registered office at 55 Triq Ir-Ruzell, Attard, ATD 1500. Operating since 2024. |
| Business model | Proprietary trading firm. Not a broker. Does not accept deposits and does not facilitate trading in real financial instruments. All evaluations and funded accounts run in a simulated environment fed by third-party liquidity data. |
| Regulatory status | Not registered with the CFTC or NFA, and not a broker-dealer. Prop firm evaluations sit outside the US retail brokerage framework. |
| Evaluation models | 1-Phase and 2-Phase challenges. |
| Account sizes | $3,000 to $400,000 on 1-Phase. $5,000 to $400,000 on 2-Phase. |
| Entry fee | From $99 on 1-Phase, from $49 on 2-Phase. One-time payment, refunded in full with the first payout after passing. |
| Profit target | 10% in a single stage on 1-Phase. 8% then 5% on 2-Phase. None on a funded account unless the trader is pursuing a scaling level. |
| Time limit | None. Unlimited trading days on both models, with a 3-day minimum per phase. |
| Daily loss limit | 5% of starting balance, measured on realized and floating P&L, reset at 21:00 UTC. Tightens to 4% and then 3% at higher scaling levels. |
| Maximum loss | 10% of starting balance. Static, not trailing. Raised to 20% with a checkout add-on on qualifying account sizes. |
| Leverage | 1:50 on the 1-Phase evaluation and 1:100 on the 2-Phase evaluation. Funded accounts run at 1:100 on forex majors and minors, commodities and indices, whichever route was passed, with exotics at 1:50 and crypto at 1:20. |
| Stop-loss policy | Recommended but not required during evaluation. Mandatory on every trade once funded. |
| Profit split | 80% by default, up to 90% with a checkout add-on. |
| Payout cycle | Every 7 days, with a minimum of 5 trading days between requests. Processing takes up to 5 business days. |
| Payout methods | PayPal, bank transfer, cryptocurrency. |
| Trading costs | No commissions and no spread markup beyond standard market conditions. |
| Platform | MatchTrader on web, desktop and mobile, with TradingView charting built in. Native apps on the App Store and Google Play. |
| Instruments | Forex, US and international stocks, crypto, global indices, metals and energy, all from a single account balance. |
| Automation | Manual trading only. Expert Advisors, bots and copy trading are not permitted at either stage. |
| Scaling | Five-level ladder on the 2-Phase model, up to 2.44 times the starting balance. Not offered on 1-Phase. |
| Account opening time | Immediate. Credentials are issued on purchase, with KYC completed before the first payout rather than before trading. |
| Support | Live chat, email, phone and Discord, in eight languages. |
FundedFast pros & cons
Who is FundedFast best for?
- US-based retail traders, since a large part of the prop firm market blocks US residents outright and FundedFast does not.
- Discretionary swing traders, because the absence of a time limit and the unrestricted weekend holding policy suit positions measured in days rather than minutes.
- Cost-conscious traders testing the model, given that a $5,000 2-Phase evaluation costs $49 and that sum comes back on the first successful withdrawal.
Who is FundedFast not ideal for?
- Algorithmic and systematic traders, since automation of any kind is prohibited and trades held under 15 seconds are flagged.
- Traders with an established MetaTrader workflow, because indicators, templates and execution habits do not carry across to MatchTrader.
- High-frequency and news scalpers, as the 5-minute blackout around scheduled releases and the 3% per-trade risk cap constrain both entry timing and position size.
Is FundedFast legitimate, and how is it structured?
FundedFast is the trading name of Memento Enterprises Limited, a Maltese company registered under number C 109385 with a registered office at 55 Triq Ir-Ruzell, Attard. It has been operating since 2024, and runs teams across four locations: Malta for headquarters and registered office, Barcelona for operations, marketing and trader support, Hong Kong for technology and platform engineering, and Cyprus for risk management. The company is a real, identifiable legal entity with a named chief executive, which is not universally true in this sector.
What FundedFast is not is a broker. It does not accept deposits, does not hold client money and does not facilitate trading in real financial instruments. Every evaluation and every funded account runs in a simulated environment powered by data feeds from third-party liquidity providers.
That distinction is the single most important thing for a US trader to understand before purchasing, and FundedFast states it plainly in its own risk disclosure rather than leaving it implied.
None of the protections that apply to a US brokerage account apply here. There is no CFTC registration, no NFA membership, no SIPC coverage and no segregation of client funds, because there are no client funds to segregate. The money a trader pays is an entry fee for an evaluation service, not a deposit into a trading account. A payout is performance-based compensation calculated on simulated results, not an investment return, and US traders should expect it to be treated as income for tax purposes and take professional advice on their own situation.
The practical protection a trader has is contractual: the published Terms & Conditions at fundedfast.com/terms set out the loss limits, the prohibited strategies, the scaling ladder, the payout cycle and the grounds on which an account can be voided. FundedFast publishes all of them, including the ones that work against the trader, which makes the agreement legible before purchase rather than after a dispute.
Automated systems monitor for duplicate accounts, VPN and proxy use, and coordinated trading across accounts. Identity verification is completed before a payout is released rather than at signup, so a trader can begin an evaluation immediately but cannot be paid without passing KYC. Purchases from restricted jurisdictions are blocked, and attempts to circumvent that screening result in termination of service and forfeiture of access.
What does it cost to use FundedFast?
FundedFast charges a single one-time entry fee per evaluation and nothing else. There is no subscription, no monthly platform charge, no data fee, no commission and no card stored on file. The fee scales with account size, and it is returned in full with the first payout after passing.
Published entry fees
| Account size | Model | Profit target | Entry fee |
|---|---|---|---|
| $5,000 | 2-Phase | 8% + 5% | $49 |
| $50,000 | 2-Phase | 8% + 5% | $299 |
| $400,000 | 2-Phase | 8% + 5% | $1,799 |
| $3,000 to $400,000 | 1-Phase | 10%, single stage | From $99 |
Sizes are available across the full range between $5,000 and $400,000 on the 2-Phase model, and between $3,000 and $400,000 on 1-Phase. The complete per-size schedule appears at checkout rather than as a published table, which is worth noting for anyone trying to price an intermediate size before starting the purchase flow.
The fee refund
The refund is the part of the pricing that does most of the work. On passing an evaluation, the entry fee is returned in full and automatically as part of the first withdrawal. There is no separate claim to submit and no waiting period beyond the normal payout cycle.
On a $5,000 2-Phase account, a trader who passes both phases and reaches the first payout receives 80% to 90% of their profit plus the original $49 back, which makes the effective cost of a successful evaluation zero.
The counterpart is that a failed challenge carries no cash refund. A replacement can be purchased immediately, typically at a discount issued by email, but the original fee is gone.
Trading costs
There are no commissions on any instrument, and no spread markup is applied beyond standard market conditions. FundedFast is explicit that trading costs are not used as a hidden failure mechanism, meaning there is no spread widening or commission drag applied selectively to evaluation accounts. There is also no cap on lot size. For an evaluation product, where inflated costs can quietly make a profit target unreachable, this is a meaningful commitment.
Checkout add-ons
Two paid upgrades are offered at purchase. The 90/10 profit split raises the trader's share from 80% to 90%, and is available on 1-Phase accounts of $50,000 and above and 2-Phase accounts of $100,000 and above. The 20% maximum drawdown add-on doubles the total loss limit from 10% to 20% on the same size tiers. Both are optional, and the base terms stand without them.
How the cost structure compares
Prop firm pricing generally falls into two shapes: a one-time evaluation fee, or a recurring monthly subscription that continues until the trader passes or stops paying. FundedFast uses the first, and combines it with a full refund on success. That structure caps a trader's downside at a single known number and removes the running cost that a subscription model creates when an evaluation takes months.
Against that, a one-time fee has to be paid again in full after a failure, where a subscription model can sometimes be paused. The refundable one-time fee favors traders who expect to pass; a subscription favors traders who want to spread the cost of repeated attempts.
How do the 1-Phase and 2-Phase challenges work?
The two models differ in structure, leverage, profit target and what happens after funding. The core risk limits during the evaluation are the same on both.
| Parameter | 1-Phase Challenge | 2-Phase Challenge |
|---|---|---|
| Structure | Single evaluation stage | Two consecutive evaluation stages |
| Account sizes | $3,000 to $400,000 | $5,000 to $400,000 |
| Entry fee | From $99 | From $49 |
| Profit target | 10% in one stage | 8% in Phase 1, then 5% in Phase 2 |
| Evaluation leverage | 1:50 | 1:100 |
| Funded leverage | 1:100 | 1:100 |
| Maximum daily loss | 5% of starting balance | 5% of starting balance |
| Maximum total loss | 10% static, raised to 20% via add-on on $50,000+ | 10% static, raised to 20% via add-on on $100,000+ |
| Minimum trading days | 3 | 3 per phase |
| Maximum trading days | Unlimited | Unlimited |
| Profit split | 80/20, up to 90/10 on $50,000+ | 80/20, up to 90/10 on $100,000+ |
| Per-trade risk | Maximum 3% of balance | Maximum 3% of balance |
| Scaling | Not offered | Five-level ladder, up to 2.44x starting balance |
The trade-off between them is straightforward. The 2-Phase route is cheaper to enter, gives double the leverage during the evaluation and carries a lower first hurdle at 8%, but requires clearing a second 5% stage and a further three trading days before funding. The 1-Phase route costs more and halves the evaluation leverage, but a trader who hits 10% is funded immediately, and the leverage rises to 1:100 once they are.
The more consequential difference is what comes afterward. Only the 2-Phase model is eligible for scaling, so anyone thinking beyond a single account should take that route despite the extra stage. A 1-Phase trader who wants more capital has to buy a larger account rather than grow into one.
The consistency rule
No single trading day may account for more than 50% of the cumulative profit target. If one does, the target rescales upward, calculated as the best day divided by 0.50. Importantly, breaching the consistency threshold does not fail the account on its own.
It raises the bar rather than ending the attempt, which is a materially gentler treatment than the outright disqualification some firms apply. A trader who makes 6% in a single session on a 2-Phase account with an 8% Phase 1 target does not lose the challenge; the target moves to 12% and the account continues.
What are the drawdown and trading rules?
Two loss limits govern every account, and both are calculated against the starting balance rather than against a moving equity peak.
The daily limit is 5% of the starting balance, calculated on realized and unrealized floating P&L combined against the balance at the start of the day, and reset at 21:00 UTC. Because floating losses count, an open position sitting underwater can trigger the limit even if the trader intends to hold it, so position sizing has to account for intraday excursion rather than just closed results. On a scaled funded account the limit tightens, falling to 4% at Levels 2 and 3 and 3% at Levels 4 and 5.
The maximum loss is 10% of the starting balance. It is static and absolute, measured against the initial figure, and it does not trail an equity high. On a $50,000 account, the floor sits at $45,000 whether the balance has reached $52,000 or never moved. Breaching it ends the challenge. The 20% add-on doubles the limit on qualifying account sizes, moving the floor on that same $50,000 account down to $40,000. Static drawdown is the more trader-friendly of the two common structures, since a trailing limit tightens the room to operate every time an account makes a new high.
No single trade may risk more than 3% of the account balance. This applies at both the evaluation and funded stages and is the constraint most likely to catch out traders used to concentrating risk into one or two high-conviction positions.
- Weekend holding, with no forced Friday close and no restriction on carrying positions across the weekend.
- Overnight positions, with no swap-based penalty rules.
- Any instrument in the catalog, with no asset restrictions.
- Any strategy size, with no lot-size caps imposed.
- Trading without a stop-loss during the evaluation, where a stop is strongly recommended but not required.
- Holding an existing position through a news event.
- Expert Advisors and bots of any kind. Every trade must be placed manually.
- Copy trading in any form, across accounts or from external providers.
- Trading without a stop-loss on a funded account, where a stop is mandatory on every trade.
- Opening new positions within 5 minutes before or after major scheduled releases, including NFP, CPI and rate decisions.
- Risking more than 3% of balance on a single trade.
- Latency arbitrage and feed-exploitation strategies.
- Martingale and grid systems.
- Trades held under 15 seconds, which are flagged as scalping.
- Cross-account hedging within a 1-minute window.
FundedFast publishes a specific list of behaviors that traders often assume will fail an account and which do not. Holding a position through a news event is fine, since only new entries are blocked in the 5-minute window. Exceeding the consistency threshold rescales the target rather than failing the account. Trading without a stop-loss during the evaluation is permitted, though this is one of the few rules that changes once an account is funded. Weekend holding is unrestricted. Large position sizing is acceptable as long as it stays inside the 3% per-trade risk limit. Setting these out explicitly removes a common source of dispute.
What can you trade with FundedFast?
Six asset classes are available from a single account balance, with no instrument restricted and no asset class sold as a separate product.
| Asset class | Coverage | Funded leverage |
|---|---|---|
| Forex | 50+ pairs across majors, minors and exotics | 1:100 majors and minors, 1:50 exotics |
| Stocks | US and international equities | — |
| Crypto | Bitcoin, Ethereum and others | 1:20 |
| Indices | Global index CFDs | 1:100 |
| Metals | Gold, silver and others | 1:100 |
| Energy | Oil and natural gas | 1:100 |
The single-balance structure is more useful than it first appears. A trader running a forex evaluation can hedge with gold or rotate into indices during a quiet FX session without buying a second account or accepting a different rulebook. Firms that separate asset classes into distinct products force that decision at purchase, before a trader knows how the market will behave.
Leverage is not uniform across the catalog. Crypto is capped well below the headline figure at 1:20 and exotic currency pairs at 1:50, so a position size that sits comfortably inside the rules on EUR/USD will not translate directly to Bitcoin.
All instruments are traded as simulated positions against third-party price data. A trader is taking a view on price and being compensated on the result, not acquiring an interest in the underlying asset.
How do payouts work on FundedFast?
Withdrawal requests can be made every 7 days, with a minimum of 5 trading days between requests, and are processed within up to 5 business days as stated in the Terms & Conditions. Payouts are available on funded accounts only, not during evaluation.
| Element | Terms |
|---|---|
| Request cycle | Every 7 days |
| Minimum gap | 5 trading days between requests |
| Processing time | Up to 5 business days |
| Trader share | 80% by default, 90% with the checkout add-on |
| Minimum profit threshold | None |
| Profit buffer requirement | None |
| Methods | PayPal, bank transfer, cryptocurrency |
| Verification | KYC must be completed before the first release |
Two details do more work than the headline weekly cycle. There is no minimum profit threshold, so a trader can request a payout on a small gain rather than waiting to accumulate a qualifying sum. And there is no profit buffer requirement before a first request, which is the mechanism some firms use to keep an initial tranche of profit inside the account indefinitely.
Traders pursuing the scaling ladder face a real tension here, since withdrawing profit reduces the balance that counts toward the next level's target. Taking money out weekly and growing the account are competing uses of the same gains.
A worked example
On a $5,000 2-Phase account, the trader pays $49 to enter. They clear Phase 1 at 8% and Phase 2 at 5% with no time pressure, observing the 3-day minimum in each phase. Once funded, the first withdrawal request becomes available 7 days in. The payout consists of 80% to 90% of profit, depending on whether the split add-on was purchased, plus the $49 entry fee returned in full. Nothing is held back as a buffer.
What happens once you are funded?
Most of the evaluation rulebook carries over unchanged. The 10% static maximum loss, the 3% per-trade risk cap, the 5-minute news blackout, the prohibition on automation and copy trading, and the unrestricted weekend holding all continue to apply exactly as they did before. The profit target disappears, and there is no time limit.
Three things do change, and traders should plan for them before they pass rather than after.
Stop-losses become mandatory. A stop is strongly recommended but optional during the evaluation. On a funded account it is required on every trade. Any strategy that relies on managing risk by position size, manual exit or mental stop has to be adapted before the account goes live.
Leverage changes for 1-Phase traders. The 1-Phase evaluation runs at 1:50, but a funded account runs at 1:100 on forex majors and minors, commodities and indices, whichever route was passed. That doubles the available leverage relative to the evaluation a 1-Phase trader has just completed, so position sizing that felt correct during the challenge will behave differently afterward. Exotics remain at 1:50 and crypto at 1:20.
The daily loss limit tightens as the account scales. It stays at 5% at Level 1, but drops to 4% at Levels 2 and 3 and 3% at Levels 4 and 5, each measured against that level's balance.
Scaling
Scaling is offered on the 2-Phase model only, and runs on a published five-level ladder rather than an informal review. Each level has its own profit target and minimum trading period, and clearing one increases the account balance by 25%.
| Advancement | Profit target | Minimum trading days | Balance increase | Daily loss limit at new level |
|---|---|---|---|---|
| Level 1 to Level 2 | 10% | 5 | +25% | 4% |
| Level 2 to Level 3 | 15% | 10 | +25% | 4% |
| Level 3 to Level 4 | 20% | 15 | +25% | 3% |
| Level 4 to Level 5 | 25% | 20 | +25% | 3% |
Level 5 is the ceiling. Compounding four consecutive 25% increases takes an account to 2.4414 times its starting balance, so a $50,000 account that clears every level ends at roughly $122,000. The maximum total loss stays at 10% of whatever the current level's balance is, so the absolute room to lose grows with the account even as the daily limit narrows.
Two caveats matter. Advancement is discretionary and subject to review by the FundedFast risk management team, and hitting a level's profit target and minimum trading period is explicitly not a guarantee of promotion. And the tightening daily loss limit means a Level 4 trader is working inside a 3% daily band, which is a materially different risk environment from the 5% the same trader passed the evaluation under. Multiple accounts are permitted within the overall allocation limit, which gives traders a second route to more capital.
Account activity requirements
A funded account left dormant for 90 consecutive days without a trade is at risk of termination. One trade per rolling 30-day window keeps it in good standing. Separately, Phase 2 credentials must be activated within 30 days of issue, which is easy to overlook after clearing Phase 1.
How easy is it to get an account?
There is no application, no approval process and no minimum deposit, because there is no deposit at all. A trader selects a model and account size, chooses any add-ons, pays the one-time entry fee, and receives platform credentials. Visa, Mastercard, PayPal, cryptocurrency and bank transfer are accepted, and no card is stored for future charges.
Identity verification sits at the payout stage rather than the signup stage. That means trading can begin immediately, but it also means a trader should confirm they can satisfy KYC before purchasing, since a passed evaluation cannot be converted into money without it.
Restricted jurisdictions
Residents of the following 40 jurisdictions cannot purchase a challenge, and the restriction is firm-wide rather than challenge-specific: Afghanistan, Albania, Barbados, Belarus, Burkina Faso, Cabo Verde, Congo (Democratic Republic), Congo (Republic), Côte d'Ivoire, Cuba, Eritrea, Ethiopia, Haiti, Iran, Iraq, Jamaica, Jordan, Kyrgyzstan, Lebanon, Liberia, Libya, Mongolia, Mozambique, Myanmar (Burma), Nicaragua, North Korea, Pakistan, Palestine, Panama, Russia, Senegal, Seychelles, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Tajikistan, Turkmenistan and Yemen.
The list is not closed. FundedFast also excludes any other jurisdiction where participation would breach applicable laws, regulations or international sanctions, so a trader in a country not named above but subject to a relevant sanctions regime may still be blocked.
The version published in the Terms & Conditions is authoritative at any given time. The United States is not on the list, and neither are Vietnam, China or Hong Kong, despite those three still appearing as blocked on some outdated lists elsewhere. Attempts to work around the screening result in termination and forfeiture of access.
How good is the MatchTrader platform for everyday use?
MatchTrader is available on web, desktop and mobile, with native apps published on the App Store and Google Play, and TradingView charting built directly into the platform rather than bolted on.
For a discretionary trader, the TradingView integration is the strongest part of the setup: the charting, drawing tools and indicator library are the familiar ones, which takes much of the sting out of learning a proprietary platform.
The same account runs across web, desktop and the native mobile apps, so a position opened at a desk can be managed from a phone later in the session without a second login or a reduced feature set. For a firm whose rules turn on daily and total loss figures, and which requires a stop on every funded trade, having one consistent interface across devices matters more than it would elsewhere.
The limitation is the absence of choice. MatchTrader is the only option, so anyone with years of MetaTrader muscle memory, custom indicators or saved templates has to rebuild. Combined with the prohibition on Expert Advisors, this makes FundedFast a poor fit for traders whose process depends on tooling they have built themselves. Traders who work from clean charts and manual execution will find the platform capable and will not miss much.
A set of free calculators covering position size, drawdown, lot size and compounding sits alongside the platform, together with an economic calendar and a market-hours tracker. All of it is available without signup, which is a small but genuine convenience given that the news blackout rule makes an accurate release schedule operationally necessary rather than optional.
What education and support does FundedFast provide?
Support runs through four channels: live chat during operating hours, email at support@fundedfast.com, phone on +356 2778 0805, and a Discord community with direct access to the team. Eight languages are covered, including English, Brazilian Portuguese, Spanish, Italian, German, French, Japanese and Indonesian. The Discord channel is the more useful of the four for rule questions, since answers there are visible to everyone rather than locked inside a ticket.
The education library is organized into structured learning paths covering trading fundamentals, indicators, strategy, risk management and prop trading itself, with country-specific guidance on local eligibility, funding and payout options. It is competent introductory material rather than a substitute for a full trading course, and the prop-trading section is the part with the most practical value, since the rules of an evaluation account are where most new traders come unstuck.
FundedFast also runs two competitions. The Open is free to enter, runs in bi-weekly rounds on a $100,000 virtual MatchTrader account, requires no purchase, and gives every participant a reward. The Masters runs monthly in four-week rounds with a $49 entry, free for clients who purchased in the previous 30 days, with the top three by equity taking $500, $300 and $200 in cash. Prizes are paid within 24 hours by crypto, PayPal or bank transfer. The Open in particular is a genuinely free way to test the platform and the rulebook before committing to an evaluation.
What features stand out compared to similar firms?
The automatic fee refund. Refunding an entry fee on passing is not unique, but returning it in full and automatically as part of the first withdrawal, with no separate claim and no additional qualifying condition, removes the friction that usually surrounds the promise.
Static drawdown with no time limit. The combination matters more than either element alone. A static 10% floor means profit is not clawed back into the loss calculation, and unlimited trading days mean a trader is never pushed into oversized positions to beat a deadline. Together they make the evaluation a test of process rather than of speed.
A consistency rule that rescales instead of failing. Most firms treat a single outsized day as a disqualifying event. FundedFast raises the target instead, which penalizes a lucky session without ending a legitimate attempt.
A published scaling ladder. Growth is set out as five levels with stated profit targets, minimum trading periods and a fixed 25% increase per level, rather than described as an unspecified review. Advancement still depends on the risk team's judgment, but a trader can at least see what they are working toward.
A fully published rulebook. Every prohibited strategy, every loss calculation and every ground for voiding an account is set out in the Terms & Conditions, along with an explicit list of what does not constitute a breach. In a sector where disputes usually turn on a clause a trader never saw, publishing the entire framework before purchase is a real differentiator.
What is FundedFast best for?
FundedFast fits three profiles particularly well.
The US discretionary trader. Access is the first filter, and a large share of prop firms exclude US residents entirely. FundedFast does not, and pairs that with a manual-only, chart-driven setup that suits a discretionary approach.
The swing trader working around a job. No time limit, no forced Friday close, no swap penalties on overnight positions and a 3-day minimum that can be spread across weeks. A trader who can only watch markets in the evening is not disadvantaged by the structure.
The trader who wants to grow one account rather than buy several. The five-level ladder on the 2-Phase model takes a funded balance to 2.44 times its starting size, which suits a patient trader willing to work within a tightening daily loss limit in exchange for compounding capital.
When is FundedFast not a good fit?
Automated and systematic trading. Expert Advisors, bots and copy trading are prohibited at both stages, and trades held under 15 seconds are flagged. A strategy that depends on execution speed or unattended operation cannot be run here at all.
Strategies that do not use hard stops. A stop-loss is optional during the evaluation but mandatory on every trade once funded, so anyone trading on mental stops, time-based exits or position-size-only risk control has to rebuild their execution before the account goes live.
Established MetaTrader and cTrader workflows. With MatchTrader as the only platform, custom indicators, scripts and templates do not transfer. For a trader whose edge partly lives in their tooling, that is a real cost.
Traders who need a long operating history behind the terms. The terms themselves are clear and favorable, but a firm running since 2024 has less accumulated history behind them than an older competitor can point to.
How to get started with FundedFast
- Choose a model. 1-Phase for a single 10% target at 1:50 leverage, or 2-Phase for 8% then 5% at 1:100 with a lower entry fee and access to the scaling ladder later.
- Select an account size. From $3,000 on 1-Phase or $5,000 on 2-Phase, up to $400,000 on both.
- Decide on add-ons. The 90/10 split and the 20% maximum drawdown are offered at checkout on qualifying account sizes, so it is worth settling on them before paying.
- Pay the one-time entry fee by card, PayPal, cryptocurrency or bank transfer. No card is stored and there is no recurring charge.
- Activate the credentials and download MatchTrader on web, desktop or mobile. Phase 2 credentials must be activated within 30 days of issue.
- Trade the evaluation, observing the 5% daily loss limit, the 10% static maximum loss, the 3% per-trade cap and the 5-minute news blackout, across at least 3 trading days per phase.
- Adjust for the funded rules before going live. Stop-losses become mandatory on every trade, and leverage moves to 1:100 for traders arriving from the 1-Phase route.
- Complete KYC and request a payout. Verification is required before the first release, and the first withdrawal request can be made 7 days into the funded account, with the entry fee returned alongside it.
Final thoughts
FundedFast is a simulated-capital evaluation firm that competes on terms rather than on scale, and the terms are strong: a refundable one-time entry fee from $49, no time limit, a static rather than trailing drawdown, weekly payouts with no buffer, a five-level scaling ladder on the 2-Phase model, and a rulebook published in full before purchase. The clearest drawback is the narrow execution setup, with MatchTrader as the only platform and manual trading as the only permitted method, which excludes automated and systematic traders outright.
Against firms with longer histories, FundedFast trades track record for better published terms, and against firms with comparable terms it adds US access that many do not offer. It suits discretionary traders, particularly US-based swing traders, who want to be judged on process rather than on how fast they can hit a target.
FAQs
FundedFast is the trading name of Memento Enterprises Limited, a Maltese company registered under number C 109385 and operating since 2024. It is a real legal entity with a published address, a named chief executive and full Terms & Conditions. It is a proprietary trading firm rather than a broker, so it does not hold client money or execute trades in real instruments.
Yes. FundedFast accepts US residents and does not restrict access on the basis of US residency. The United States is not among the 40 jurisdictions blocked from purchasing.
No, and no prop firm of this type is. FundedFast is not registered with the CFTC, is not an NFA member and is not a broker-dealer, because it does not accept deposits or offer trading in real financial instruments. The protections that apply to a US brokerage account, including SIPC coverage and fund segregation, do not apply.
Entry fees start at $49 for a $5,000 2-Phase account and $99 for the 1-Phase model, rising to $1,799 for a $400,000 2-Phase account. The fee is a one-time payment with no subscription, and it is refunded in full with the first payout after passing.
During the evaluation a stop-loss is strongly recommended but not required, and trading without one is not a breach. On a funded account a stop-loss is mandatory on every trade.
Withdrawal requests can be made every 7 days, with a minimum of 5 trading days between requests, and are processed within up to 5 business days. Payouts go out via PayPal, bank transfer or cryptocurrency, and there is no minimum profit threshold or buffer requirement.
80% by default. A checkout add-on raises it to 90% on 1-Phase accounts of $50,000 and above and 2-Phase accounts of $100,000 and above.
No. Both models allow unlimited trading days. The only timing requirement is a minimum of 3 trading days per phase.
No. The 10% maximum loss is static and measured against the starting balance, so it does not tighten as an account makes new equity highs. The 5% daily loss limit is measured against the balance at the start of each day and resets at 21:00 UTC.
The 1-Phase evaluation runs at 1:50 and the 2-Phase evaluation at 1:100. Funded accounts run at 1:100 on forex majors and minors, commodities and indices regardless of which route was passed, with exotic pairs at 1:50 and crypto at 1:20.
No. All trades must be placed manually, at both the evaluation and funded stages. Expert Advisors, bots, copy trading, latency arbitrage, martingale and grid systems are all prohibited.
MatchTrader, on web, desktop and mobile, with TradingView charting built in and native apps on the App Store and Google Play.
There is no cash refund. A replacement challenge can be purchased immediately, typically at a discount issued by email.
Yes, on the 2-Phase model only. A funded account can climb five levels, each adding 25% to the balance, for a maximum of 2.44 times the starting size. The targets are 10% over 5 trading days, then 15% over 10, 20% over 15 and 25% over 20. Advancement remains discretionary, and the daily loss limit tightens from 5% to 4% and then 3% as the account grows.
How we tested and our methodology
FundedFast was assessed using the same standardized scoring framework applied to every platform reviewed on Invezz, adapted for the proprietary trading category. The process combined hands-on platform testing, a full analysis of entry fees and trading costs, a line-by-line review of the published Terms & Conditions, and checks on the operating entity's corporate registration and disclosed structure.
Eight categories are scored out of 5 and weighted according to their practical relevance to traders using an evaluation product: evaluation models and account options, fees and costs, payouts and withdrawals, trading rules and flexibility, markets and instruments, platform and usability, transparency and reliability, and education and support. Weighted category scores combine to produce the overall rating.
Because prop firm accounts operate in a simulated environment rather than in live markets, transparency and reliability are assessed on the completeness and clarity of the published rulebook, the identifiability of the operating entity and the specificity of the payout terms, rather than on regulatory authorizations, which do not apply to this product category. Scores reflect both the headline terms and how those terms behave in normal use.