fundedfast.com

What It Is

FundedFast is a proprietary trading challenge platform registered in Malta and operated by Memento Enterprises Limited. It is not a broker and does not accept deposits. Instead, traders purchase simulated evaluation challenges; after meeting the profit targets and drawdown rules, they can receive a funded live account and share profits according to the platform’s rules. The site highlights pricing from $49, accounts up to $400K, and a default 80% profit split, with an upgrade at checkout to as much as 90%.

Core Features and Rules

The platform offers both 1-Phase and 2-Phase challenges, with account sizes ranging from $3K to $400K. Key rules include a 5% maximum daily loss, 10% maximum total loss, and a 10% profit target for 1-Phase challenges. For 2-Phase challenges, the page shows both “8% + 5%” and, in the FAQ, “10% then 5%,” so the actual order terms should take precedence. The platform emphasizes no time limits, minimum trading days, and tradable assets including forex, stocks, cryptocurrencies, indices, metals, and energy, using MatchTrader. It also provides tools such as a position size calculator, drawdown calculator, economic calendar, and a Discord community.

Pricing and Free Entry Options

Challenges are charged as a one-time fee, with no subscription and no locked deposit; the fee is refunded on the first payout. Example prices include a $5K account for $49 and a $50K account for $299, though another table lists the $50K account at $399; a $400K account is listed at $1,799. For competitions, Open is a free biweekly contest, while Masters is a $49 monthly contest. Some users who have recently purchased a challenge may be able to enter for free.

Pros and Cons

The advantages are a low entry fee, transparent rules, no time limits, support for payouts every 7 days, and payout methods including PayPal, bank transfer, and cryptocurrency. The competitions and tools can also help beginners become familiar with the process. The downsides are that it is not traditional SaaS or enterprise software, and it does not disclose APIs, team permissions, enterprise integrations, or security certifications. The competition terms give the platform broad discretion, and KYC plus video verification are required.

Who It’s For and Access from China

FundedFast is suitable for individual traders with a clear trading strategy who can strictly manage drawdown and want to access trading capital through a prop firm model. It is not suitable as an enterprise-grade trading system or as a substitute for a regulated broker. China and Hong Kong appear on the list of restricted jurisdictions in the competition terms, so participation by Chinese users is clearly limited. The site does not specify network accessibility or payment availability, so it is best treated as “partially restricted,” and users should prioritize alternative platforms that explicitly support local users.