MasterFunders vs Pipster: Head-to-Head Comparison (2026)
Verdict: Who Wins?
Best For:
Visual Comparison
Head-to-Head Comparison
| MasterFunders | Metric | Pipster |
|---|---|---|
| 5.6/10 | PFM Score | - |
| 4.3/5 (32) ★ | TrustPilot | 4.1/5 (22) |
| C ★ | Safety Grade | - |
| 53.1 C ★ | Trust Score | 40.8 D |
| 80/20 ★ | Profit Split | 80% |
| 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. | Daily Drawdown | 4% on the 1-Phase (evaluation and funded), 5% on both 2-Phase stages and when funded, 3% on Instant Funded. Pipster Entry has NO daily loss limit during evaluation and 3% once activated. Every daily limit is static for the day, set from the equity recorded at the 22:00 UTC New York session rollover. |
| On demand | Payout Frequency | Weekly |
| $5 | Starting Price | $1.99 ★ |
| White-Label | Technology | White-Label |
| Match Trader | Platforms | Match Trader |
| No | Direct Path to Funded | No |
| Cyprus | Country | United Kingdom |
| May 2024 | Established | Jun 2025 |
| 19 options | Challenge Options | 22 options |
Price Comparison by Account Size
Cheapest challenge price at each account size (where both firms offer the same size)
| Account Size | MasterFunders | Pipster | Savings |
|---|---|---|---|
| $5K | $5 | $2 ★ | Save $3 |
| $10K | $10 | $2 ★ | Save $8 |
| $25K | $170 | $2 ★ | Save $168 |
| $50K | $319 | $2 ★ | Save $317 |
| $100K | $549 | $2 ★ | Save $547 |
MasterFunders vs Pipster: Detailed Analysis
MasterFunders and Pipster are both CFD firms. MasterFunders has been in business longer, established in 2024, while Pipster was founded in 2025.
Pricing
In terms of pricing, Pipster is more affordable with challenges starting at $2, which is $3 less than MasterFunders's starting price of $5. MasterFunders offers 19 challenge options, while Pipster offers 22.
Account Sizes
On account sizing, MasterFunders offers account sizes from $5 to $100 across 6 funding tiers, while Pipster offers account sizes from $1 to $100 across 6 funding tiers. Picking the right tier matters because both the entry cost and the maximum capital you can scale to are tied to the account size you start with.
Trading Platforms
For trading platforms, MasterFunders supports Match Trader, while Pipster runs on Match Trader. If you already trade on a specific platform, this can be the deciding factor between the two.
Profit Split & Payouts
MasterFunders offers 80/20 profit split, while Pipster offers 80%. MasterFunders pays out On demand, and Pipster pays out Weekly.
Risk & Drawdown Rules
Risk rules are a key difference for funded traders: MasterFunders lists its daily drawdown as "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.", while Pipster lists "4% on the 1-Phase (evaluation and funded), 5% on both 2-Phase stages and when funded, 3% on Instant Funded. Pipster Entry has NO daily loss limit during evaluation and 3% once activated. Every daily limit is static for the day, set from the equity recorded at the 22:00 UTC New York session rollover.". Always confirm the drawdown type before buying, since a trailing rule behaves very differently from a static end-of-day one.
Payout Methods
Pipster supports withdrawals via Rise, Crypto and Wire Transfer.
Trust & Safety
For trust and reputation, MasterFunders has a 4.3/5 TrustPilot rating with 32 reviews, while Pipster has 4.1/5 with 22 reviews.
Who Should Choose Which
So who should pick which? MasterFunders is the stronger choice for trust & reputation and fast payouts, while Pipster is the better fit for budget-conscious traders.
Overall, MasterFunders edges ahead winning 4 out of 6 categories we compared. However, the best choice depends on your specific needs - both firms have their strengths.
Pros & Cons
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Cons
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Frequently Asked Questions
Which is better, MasterFunders or Pipster?
MasterFunders scores higher overall, winning 4 out of 6 comparison categories including Overall Rating, TrustPilot, Safety Grade. However, the best choice depends on your trading goals and priorities.
Which is cheaper, MasterFunders or Pipster?
Pipster has the lower starting price at $2. MasterFunders offers 19 challenge options starting from $5, while Pipster offers 22 options starting from $2.
Which has better reviews, MasterFunders or Pipster?
MasterFunders has a higher TrustPilot rating of 4.3/5. MasterFunders has 32 reviews while Pipster has 22.
Which offers a higher profit split, MasterFunders or Pipster?
MasterFunders offers a higher maximum profit split. MasterFunders offers 80/20 while Pipster offers 80%.
How fast do MasterFunders and Pipster pay out?
MasterFunders has On demand payouts while Pipster offers Weekly payouts. Payout speed can be an important factor when choosing a prop firm.
Are MasterFunders and Pipster legit?
Both firms have been independently verified by PropFirmMap. MasterFunders holds a C safety grade and a 4.3/5 TrustPilot rating. Pipster holds a unrated safety grade and a 4.1/5 TrustPilot rating. Safety grades are based on payout history, community trust signals, and regulatory transparency.
Which is better for beginners, MasterFunders or Pipster?
Pipster may be more accessible for beginners due to its lower entry price. When starting out, consider challenge cost, drawdown rules, and profit split. Use the comparison table above to find which firm fits your experience level and risk tolerance.
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