Introduction to FundedFast
The proprietary trading industry has exploded in popularity over the past few years, with dozens of firms competing for traders' attention. Among the newer entrants, FundedFast has carved out a niche by offering remarkably affordable entry fees and flexible trading conditions. Launched in 2024 and operating under Memento Enterprises Limited (registration number C 109385) in Malta, this prop firm has quickly gained traction among retail traders seeking low-cost evaluation options.
With physical offices spread across Barcelona (operations and support), Hong Kong (technology), and Malta (HQ), FundedFast positions itself as a globally-oriented company with a modern infrastructure. The firm explicitly states it is not a broker and does not accept deposits, it provides a simulated trading environment powered by technical infrastructure and data feeds from third-party liquidity providers.
What makes FundedFast particularly interesting is its pricing strategy. While most competitors charge $99 or more for comparable account sizes, FundedFast offers challenges starting at just $49, making it one of the most accessible prop firms on the market.
Key Features: What Makes FundedFast Different?
Before diving into the specifics, let's outline the standout features that define FundedFast's offering:
Entry fee refunded on first payout – Unlike many firms, FundedFast returns your evaluation fee with your first profit distribution
No time limits – Both challenge phases can be completed at your own pace
Weekly payouts – Request withdrawals every week through multiple methods
Global availability – Open to traders worldwide, including US citizens
Multiple language support – Customer service available in 6 languages
Discount culture – Regular promotions, flash sales, and affiliate codes provide significant savings
One notable limitation is that FundedFast only supports the MatchTrader platform, which may disappoint traders accustomed to MetaTrader 4/5 or cTrader. Additionally, Expert Advisors (EAs) and copy trading are strictly prohibited, making this firm unsuitable for algorithmic traders.
FundedFast Challenge Types: One-Phase vs Two-Phase
FundedFast offers two distinct challenge models designed to accommodate different trading styles and preferences.
One-Phase Challenge
The One-Phase challenge by FundedFast requires traders to achieve a 10% profit target in a single evaluation stage. This structure is ideal for confident traders who prefer a straightforward path to funding.
Feature | Details |
Account sizes | $3K - $400K |
Entry fee | Starting at $99 |
Profit target | 10% |
Daily drawdown | 5% of starting balance |
Max drawdown | 10% of starting balance |
Minimum trading days | 3 |
Time limit | None |
Leverage | 1:50 |
Profit split | 80/20 (up to 90/10 with add-on) |
Two-Phase Challenge
The Two-Phase challenge FundedFast requires achieving an 8% profit target in Phase 1 and a 5% target in Phase 2. This structure may be more suitable for traders who prefer gradual progression and lower initial pressure.
Feature | Details |
Account sizes | $5K - $400K |
Entry fee | Starting at $49 |
Profit target | 8% (Phase 1), 5% (Phase 2) |
Daily drawdown | 5% of starting balance |
Max drawdown | 10% of starting balance |
Minimum trading days | 3 per phase |
Time limit | None |
Leverage | 1:100 |
Profit split | 80/20 (up to 90/10 with add-on) |
The Leverage difference is notable: Two-Phase challenges offer 1:100 leverage while One-Phase offers 1:50. This could be a deciding factor for traders who employ scalping strategies or trade higher time frames with tighter risk parameters.
For those interested in exploring other prop firms with flexible evaluation models, check out The Trusted Prop Compare tool to compare Pinex Capital account with other prop firms.
FundedFast Trading Rules & Restrictions
Understanding the rules is critical before committing to any prop firm. FundedFast's regulations are published transparently on their website, which is a positive signal for potential traders.
Drawdown Rules
Daily drawdown: 5% of starting balance, resetting at 00:00 UTC daily
Maximum drawdown: 10% of starting balance (static, calculated from initial balance)
Add-on option: $50K+ accounts can increase max drawdown to 20%
Both realized and unrealized profits/losses count toward drawdown calculations, so floating losses can trigger violations even if positions later recover.
Consistency Rule
FundedFast enforces a consistency rule that may surprise traders: if your best single day exceeds 50% of your profit target, the target is automatically raised to ensure you're generating consistent profitability rather than relying on one lucky trade.
For example, if your profit target is 10% and you achieve 6% in a single day, your target would increase to 12%. This rule prevents traders from hitting targets with a single high-risk position.
Prohibited Practices at FundedFast
Expert Advisors (EAs) – completely disallowed, all trading must be manual
Copy trading – prohibited entirely
Latency arbitrage – not permitted
Martingale/grid strategies – banned
Trades under 15 seconds – flagged as scalping violations
Cross-account hedging – prohibited
VPN/proxy use – not allowed for automated monitoring purposes
Duplicate accounts – strictly forbidden
News Trading Restrictions
FundedFast restricts opening new positions 5 minutes before and 5 minutes after high-impact news events on the economic calendar. However, positions already open during these events can remain, and the restriction doesn't apply during challenge phases.
Stop Loss Requirements
Stop losses are strongly recommended but not mandatory during both Phase 1 and Phase 2 challenges. This flexibility allows traders to use their preferred risk management approaches without forced parameters.
FundedFast Payout Process
The payout system is straightforward and trader-friendly:
Payout frequency: Weekly
Payment methods: PayPal, bank transfer, cryptocurrency, or local payment methods available in your country
Entry fee refund: Your evaluation fee is returned with your first profit payout after passing
Segregated funds: Payout funds are held in segregated accounts separate from operational funds
According to FundedFast's website, payment is sent via the trader's preferred method chosen during the payout request process. The firm claims this approach ensures fast and reliable distribution of profits.
The profit split is 80/20 in the trader's favor by default, with options to upgrade to 90/10 through add-ons on larger accounts. This is competitive with industry standards, though slightly below firms offering 90/10 standard splits.
If you're comparing payout structures across firms, consider reading Pinex Capital's guide to prop firm payouts for a comprehensive breakdown of how different firms handle profit distribution.
FundedFast Trust Score Analysis (60/100)
FundedFast currently holds a Trust Score of 60/100 on TheTrustedProp, a third-party review platform that aggregates trader experiences. This places the firm in a moderate-risk category, indicating both positive attributes and areas of concern.
Factors Supporting the Score
No time limits – Traders appreciate the flexibility
Affordable entry fees – Starting at $49 is highly competitive
Transparent rules – Published clearly on their website
Weekly payouts – Reliable cash flow for successful traders
Factors Detracting from the Score
Not verified on TheTrustedProp – The firm hasn't claimed its profile or undergone third-party verification
Limited trader reviews – Few authenticated reviews exist at this time
Broker unconfirmed – The underlying liquidity provider hasn't been publicly confirmed
Newer firm – Operating since 2024, lacking long-term track record
No license – No regulatory license from major financial authorities
The firm states it conducts "regular reviews to ensure full regulatory alignment" and maintains a "zero-tolerance approach to unlawful financial behavior," though this isn't equivalent to regulatory oversight.
Pros and Cons: Should You Trade with FundedFast?
Pros
Low entry cost – Starting at $49, significantly cheaper than competitors
No time limits – Trade at your own pace on both challenge types
Entry fee refund – Get your fee back with first payout
Weekly withdrawals – Frequent access to your profits
Multiple payment methods – Including crypto for global accessibility
Available worldwide – Including US residents
Competitive drawdowns – 10% max with 5% daily is reasonable
Discount culture – Regular promo codes like TRUSTED for 30% OFF
Cons
MatchTrader only – Limited platform choice
EAs prohibited – No algorithmic trading allowed
No copy trading – Restrictions on social trading features
Consistency rule – May raise your profit target unexpectedly
Moderate Trust Score – 60/100 indicates building reputation
Unverified broker – Liquidity provider undisclosed
No MT4/MT5/cTrader – May exclude many experienced traders
For traders considering alternatives with more established track records, explore Pinex Capital's comprehensive prop firm list to compare multiple options side-by-side
Our Verdict: Who Should Choose FundedFast?
FundedFast offers an accessible entry point into prop trading with its low fees and flexible conditions. The no-time-limit structure is genuinely distinctive and suits traders who prefer a relaxed approach to evaluations. The entry fee refund is also a compelling feature that reduces the downside risk of attempting a challenge.
However, the 60/100 Trust Score, unverified status, and absence of EA support are significant considerations. The consistency rule could also frustrate traders who occasionally have exceptional days.
FundedFast is best suited for:
Manual traders who prefer MatchTrader
Beginners wanting low-cost evaluation
Those who dislike time pressure
Traders seeking weekly withdrawals
FundedFast may not be ideal for:
Algorithmic traders
Traders needing MT4/MT5/cTrader
Those prioritizing verified third-party reputations
High-volume scalpers
If you're curious about exploring alternative firms with strong track records, check Pinex Capital's detailed reviews of top prop firms to broaden your options.
Final Thoughts
FundedFast represents an interesting value proposition in the increasingly crowded prop firm space. The low entry fees, unlimited evaluation periods, and transparent rules make it attractive for budget-conscious traders. The 30% discount with code TRUSTED further reduces the barrier to entry.
That said, the moderate Trust Score and limited track record warrant caution. The firm's success ultimately depends on its ability to deliver consistent, reliable payouts while maintaining trader confidence. If you decide to trade with FundedFast, start with the smallest account size and test the payout process with a small withdrawal before committing to larger challenges.
Most traders do not pass evaluations on their first attempt, so consider your first challenge as a learning experience rather than a guaranteed income source. And if you've already traded with FundedFast, leaving a review on TheTrustedProp helps build transparency for the broader trading community.
This review is for informational purposes only and does not constitute financial advice. FundedFast is a trading name of Memento Enterprises Limited, which operates a simulated trading environment and does not accept deposits or execute real trades. Trading involves risk; only invest what you can afford to lose.


