MasterFunders
Cyprus
Composite Trust Score
Multi-source aggregate of every verified trust signal we hold on MasterFunders. Methodology →
Distrusted - multiple negative signals; treat with extreme caution.
| Price | Account Size | Account Name | Profit Target | Max Daily Loss | Max Drawdown | Profit Split | Activation Fee | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| $75 | $10K 2 Steps | Core Challenge $10K | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $84 | $10K 2 Steps | Lite Challenge $10K | P1: 5% P2: 5% | P1: 5% P2: 5% | P1: 5% P2: 5% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $10 | $10K 1 Step | Speed Challenge $10K | P1: 10% | P1: | P1: 10% | After Successful Completion: $10k Core Challenge Entry. Second Trading Target: 5 unique trades of +2% profit each. Time Period: 24 Hours (1 Step). Speed Challenge fees are not refunded; the free Core Challenge entry replaces the refund. | Details | ||
| $478 | $10K Instant | Direct Access Pro $10K | P1: | P1: 3% | P1: 6% | 80/20 | Evaluation Period: None (Zero-Step Entry). Max Risk per Trade/s: 2%. Minimum Compensation Request: 1% of Account Size. Compensation Availability: Eligible from Day One (On Demand). Weekend Holding: No. News Trading: Yes. | Details | |
| $40 | $5K 2 Steps | Core Challenge $5K | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $45 | $5K 2 Steps | Lite Challenge $5K | P1: 5% P2: 5% | P1: 5% P2: 5% | P1: 5% P2: 5% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $5 | $5K 1 Step | Speed Challenge $5K | P1: 10% | P1: | P1: 10% | After Successful Completion: $5k Core Challenge Entry. Second Trading Target: 5 unique trades of +2% profit each. Time Period: 24 Hours (1 Step). Speed Challenge fees are not refunded; the free Core Challenge entry replaces the refund. | Details | ||
| $170 | $25K 2 Steps | Core Challenge $25K | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $190 | $25K 2 Steps | Lite Challenge $25K | P1: 5% P2: 5% | P1: 5% P2: 5% | P1: 5% P2: 5% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $1195 | $25K Instant | Direct Access Pro $25K | P1: | P1: 3% | P1: 6% | 80/20 | Evaluation Period: None (Zero-Step Entry). Max Risk per Trade/s: 2%. Minimum Compensation Request: 1% of Account Size. Compensation Availability: Eligible from Day One (On Demand). Weekend Holding: No. News Trading: Yes. | Details | |
| $319 | $50K 2 Steps | Core Challenge $50K | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $357 | $50K 2 Steps | Lite Challenge $50K | P1: 5% P2: 5% | P1: 5% P2: 5% | P1: 5% P2: 5% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $2390 | $50K Instant | Direct Access Pro $50K | P1: | P1: 3% | P1: 6% | 80/20 | Evaluation Period: None (Zero-Step Entry). Max Risk per Trade/s: 2%. Minimum Compensation Request: 1% of Account Size. Compensation Availability: Eligible from Day One (On Demand). Weekend Holding: No. News Trading: Yes. | Details | |
| $549 | $100K 2 Steps | Core Challenge $100K | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $615 | $100K 2 Steps | Lite Challenge $100K | P1: 5% P2: 5% | P1: 5% P2: 5% | P1: 5% P2: 5% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $4780 | $100K Instant | Direct Access Pro $100K | P1: | P1: 3% | P1: 6% | 80/20 | Evaluation Period: None (Zero-Step Entry). Max Risk per Trade/s: 2%. Minimum Compensation Request: 1% of Account Size. Compensation Availability: Eligible from Day One (On Demand). Weekend Holding: No. News Trading: Yes. | Details | |
| $3585 | $75K Instant | Direct Access Pro $75K | P1: | P1: 3% | P1: 6% | 80/20 | Evaluation Period: None (Zero-Step Entry). Max Risk per Trade/s: 2%. Minimum Compensation Request: 1% of Account Size. Compensation Availability: Eligible from Day One (On Demand). Weekend Holding: No. News Trading: Yes. | Details | |
| $25 | $2.5K 2 Steps | Core Challenge $2.5K | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details | |
| $29 | $2.5K 2 Steps | Lite Challenge $2.5K | P1: 5% P2: 5% | P1: 5% P2: 5% | P1: 5% P2: 5% | 80/20 | Evaluation fee refunded with the first compensation request after passing both steps and Verification. Second Life: if Step 2 is failed, once per month a new challenge of equal or smaller size can be started directly at Step 2. | Details |
Main Benefits
Static (non-trailing) drawdowns on every program; no consistency rules and no minimum trading days on Core and Lite; unlimited time limit on Core and Lite; news trading, overnight and weekend holding allowed on the evaluation path; evaluation fee refunded with the first compensation request; entry fees start at $5 for the 24-hour Speed Challenge and $25 for a $2.5K Core Challenge; compensation available 72 hours after qualifying, then on demand.
Main Drawbacks
Residents of the United States, Russia, North Korea, Cuba, Iran, Belarus and Syria are not accepted. Scalping is listed among the prohibited strategies despite the site marketing 'full trading freedom'. A margin-concentration rule that can fail a passing account is not stated on the public program pages; the firm confirmed the rule and said it would make it more visible after a trader raised it publicly. Direct Access Pro forbids weekend holding and costs $478 to $4,780. Total simulated allocation is capped at $100,000 across all accounts. The company is not regulated by any financial authority and describes all compensation as contractual, not market profit.
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Match Trader
MasterFunders is a simulated-trading evaluation provider operated by MASTERFUNDERS LTD, a limited liability company incorporated and registered in the Republic of Cyprus under company number HE459575, with a business address at Anexartisias 187, Limassol 3040, Cyprus. It offers three two-step-or-less evaluation programs (Core, Lite and the 24-hour Speed Challenge) plus a zero-step Direct Access Pro program, all traded on the MatchTrader platform embedded in the firm's own app. Traders who qualify enter what MasterFunders calls the MasterTrader phase, where they may request performance-based compensation on an 80/20 split. Drawdowns are static rather than trailing, there are no consistency rules and no minimum trading days on Core and Lite, news trading is allowed, and the evaluation fee is refunded with the first compensation request. The firm states it operates only simulated trading environments, is not a broker and does not provide investment services.
Amounts
Requirements
Additional payout notes
The minimum compensation request is 1% of account size on both the evaluation path and Direct Access Pro. Compensation may be processed through affiliated entities including PrimeHedge Strategies Ltd. Withdrawal methods and per-payout caps are not published on any MasterFunders page scraped this session. The processing-time SLA is stated inconsistently across the firm's own pages and has therefore been left null; see verification.conflicts.
Source: firm payout terms
General rules (apply to challenge & funded)
See how these rules compare against every other firm in the prop firm rules comparison.
Challenge vs Funded
Drawdown & risk
Challenge lifecycle
Instruments & restrictions
Additional rules
Multiple evaluation programs may run at once as long as the combined simulated account balance does not exceed $100,000. Only one profile per trader is allowed. Citizens of the United States of America, Russia, North Korea, Cuba, Iran, Belarus and Syria are not served. Minimum age is 18. Intra-account hedging, martingale, copy trading of other traders and a stop-loss requirement are not addressed on any page scraped this session and are recorded as not published rather than inferred from the cross-account hedging ban.
Source: firm rules page
Needs Improvement
Strengths
- Very affordable challenges (from $5)
- Fast payouts (On demand)
- Static drawdown (easier to manage)
Weaknesses
- Limited platform choice (1 platform)
Recommended For
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MasterFunders Overview
MasterFunders is a proprietary trading firm built around CFD markets, operating out of Cyprus. It offers 19 evaluation challenges, the cheapest entry costing $5.
Its $5 entry price undercuts the $41 median across the 114 CFD firms tracked on PropFirmMap, which puts MasterFunders at the cheaper end of the market. The 80% maximum profit split trails the 90% typical of that group.
Traders who pass keep a profit split of 80/20. Payouts run on a On demand cycle (First compensation request available 72 hours after entering the MasterTrader phase, then on demand. Direct Access Pro is eligible from Day One.). The drawdown rule to respect is: 5% static, balance/equity-based on the previous day's balance or equity, whichever is higher (Core and Lite). Direct Access Pro uses a 3% daily drawdown on the same basis. Match Trader are the platforms on offer.
TrustPilot reviewers rate it 4.3 out of 5 across 32 reviews.
It was founded by Dimitrios Exarchos, Gouisam Bourki and Nikolaos Rentoumis. Registration and regulatory details on file: Cyprus, https://masterfunders.com/terms-and-conditions/ and high.
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