MasterFunders prop firm offers three different account types where traders can get funded after meeting certain conditions such as profit targets. Traders can get up to 90% profit split, which is very attractive. The funded options range from 2,500 to 200k USD and prices start from 25 USD for the smallest lite accounts. There is an event account where traders have 24 hours to achieve a 10% profit target, which costs only 5 dollars one time.
In this unbiased MasterFunders review, we will assess the firm’s most important features such as safety, rules, funded options, fees, platforms, assets, support, and more.
| Pros | Cons |
|---|---|
| Competitive profit split (up to 90%) | No reviews on trusted platforms like FPA |
| Low entry cost starting at $25 | Only offers a custom web platform |
| Free trial available to test strategies | Strict and unrealistic requirements for the 24-hour challenge |
| Allows access to multiple markets (Forex, commodities, and cryptos) | Poor customer support (email only) |
| Does not allow EAs or copy trading |
| FPA Score | Not rated yet |
| Year founded | 2024 |
| Headquarters | Limassol, Cyprus |
| Minimum audition fee | 25 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 2,500 USD |
| Maximum funded amount | 200,000 USD |
| Allowed daily loss | 5% |
| Profit target | 10% |
| Maximum trailing drawdown | 5-10% |
| Profit sharing (Payouts) | 80% |
| Trading Platforms | In-house trading platform |
| Available trading markets | Forex, Commodities, Indices, Stocks, and Cryptos |
There are zero MasterFunders reviews on the Forex Peace Army (FPA), which is a big downside for the firm. On Trustpilot, the firm has few comments and one trader claims their unique 5 USD challenge is a scam where support fails to prove otherwise, which is a major red flag. When it comes to experience, the firm was launched in 2024, making it very young and inexperienced in the prop trading industry. Furthermore, all funded accounts are simulated or demo accounts, and the firm is not backed by regulated brokers, which is a big red flag.
The firm gets a 0 score in this section.
MasterFunders funded programs are three, Core Challenge, Lite Challenge, and a unique account, 24-Hour Speed Challenge. The first two accounts are 2-step challenges, and there is very little difference between them. The 24-hour speedy challenge is more like a marketing gimmick than a real account, as many traders fail it. The requirements are super strict for 24-hour speedy accounts, requiring traders to make a 10% profit target and open at least 5 trades with 2% profit each, making it externally difficult to hit the profit target.
MasterFunders funding options range from 2.5k to 200k USD amounts, and the speedy challenge only offers a 10k account.
MasterFunders challenges, overall, lack diversity as there are no other types of accounts offered such as 1-step and instant, making the firm’s offerings very scarce.
MasterFunders scaling plan is available and allows a maximum of 100% increase on the base funding, meaning traders can control up to 400k USD accounts. The scaling plan also allows traders to increase their 80% default profit split to up to 90% which is a competitive amount.
Overall, the firm gets a 3.5 score in this section.
MasterFunders prop trading assets are diverse as the firm allows access to Forex pairs, indices, commodities, cryptos, and stocks. The leverage is up to 1:100 for FX pairs, which is more than enough.
Overall, the firm gets a 3.5 score in this section.
MasterFunders rules are slightly different for the two main accounts and competently different for the 24-hour speedy challenge.
Here are the Core challenge requirements:
The Lite challenge requires traders to follow:
The 24-hour Speedy Challenge requires:
News trading is allowed, EAs and copy trading are prohibited, and weekend and overnight trading is allowed.
As we can see, traders are not allowed to use automated trading systems or copy trading, but they can use other tactics such as news trading, swing trading, and trend trading.
Overall, the firm gets a 1.4 score in this section.
The pricing at MasterFunders starts from 25 USD for the Core and 29 for the Lite challenge accounts with the amount of 2,500 dollars, which is competitive. Using the 1:100 leverage, traders can control substantial trading capital. There is another unique account, allowing traders to pay just 5 dollars and try to get a 10% profit hit on the 10k USD challenge. However, the requirements make it nearly impossible to meet the requirements for this challenge.
Forex, Commodities, and Indices have an opening commission of $1 per lot, Stocks 0.10% per lot and Cryptos are commission-free
MasterFunders free trial is available which is very useful to test trading strategies before purchasing challenges. However, the MasterFunders free repeat is not offered, which is disadvantageous.
Overall, the firm gets a 1.5
The firm only offers access to its in-house developed custom web platform, which is far inferior to advanced platforms. The platform is not developed for mobile devices, which is a serious downside.
Overall, the firm gets a 0.9 score in this section.
MasterFunders profit split is 80% by default and traders can make it to 90% using the scaling plan, which is competitive. Withdrawals are be-weekly, meaning traders can withdraw once every two weeks.
The firm gets a 3 score in this section.
The firm offers trading courses but no webinars. There are no video guides either. Traders can learn core concepts and select their level of expertise, which is flexible.
Overall, the firm gets a 2.5 score in this section.
Customer support at MasterFunders includes only the email option. This is a serious red flag, as traders are unable to contact the firm quickly and resolve issues promptly.
As a result, the firm gets a 1.2 score in this section.
Our partner, XM, lets you access a free demo account to apply your knowledge.
No hidden costs, no tricks.
MasterFunders scam is definitely a possibility as the firm lacks reviews on trusted platforms, uses demo accounts, and is not backed by regulated brokers.
No, the firm has strict rules and there are plenty of negative trader reviews indicating major issues with the firm’s reliability.
The smallest account starts at 25 USD and there is a unique 24-hour challenge requiring just 5 dollars.
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